← Research LibraryThe BriefFY2026 10-K (fiscal year ended July 31, 2026) · headline figures audited against SEC data
THOR held revenue at $9.61B as motorhomes and Europe offset a 20.7% drop in North American towable units, but gross margin fell 137 bps and net income 31.3% to $177.5M
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 0.3% to $9.61B; total units shipped down 11.8%Watch
- Profitability — Net income down 31.3% to $177.5M; gross margin down 137 bps to 12.62%Watch
- Balance sheet — Debt down 6.0% to $868.0M; cash $482.0MNote
- Accounting quality — Earnings quality 98.9, safe; Altman Z-score 2.82, grey zoneNote
- Capital allocation — Buybacks up 118.7% to $115.1M; dividends $108.8M; together above free cash flow of $168.8MWatch
- Demand signal — Backlog up 8.0% to $3.30B; towable backlog up 74.6%, motorized down 27.5%Note
Business
THOR is the largest maker of recreational vehicles in the world, building travel trailers, fifth wheels and motorhomes in North America under Airstream, Jayco, Keystone, KZ, Thor Motor Coach and Tiffin, and motorcaravans, campervans and caravans in Europe through Erwin Hymer Group. It sells to independent dealers who finance their stock on floor plan credit, and it supplies RV components through Airxcel and Postle. In the six months to June 30, 2026 it held 36.8% of North American towable retail units and 49.8% of motorhomes.
Where the revenue comes from
Fiscal 2026, as THOR INDUSTRIES INC reports it. History and quarterly detail are in the app.
- Travel Trailers$1.9B
- Motorcaravan$1.8B
- Fifth Wheels$1.3B
- Class C$1.3B
- Campervan$946.6M
Leadership changes
From THOR INDUSTRIES INC's own filings, the day they're filed.
- Jeffrey D. Lorenger · director · appointmenteff. 2024-02-01
- Ken Julian · departure
Latest filings
- 8-K · Company announcement2026-10-13
- 10-K · Annual report2026-09-22
- 8-K · Company announcement2026-09-22
- 8-K · Company announcement2026-06-16
- 8-K · Company announcement2026-06-03
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about THOR INDUSTRIES INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.