THOR Industries, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.61B | $9.58B | $10.04B | $11.12B | $16.31B | $12.32B | $8.17B | $7.86B |
| Cost of Revenue | $8.40B | $8.24B | $8.59B | $9.53B | $13.51B | $10.42B | $7.05B | $6.89B |
| Gross Profit | $1.21B | $1.34B | $1.45B | $1.60B | $2.81B | $1.89B | $1.12B | $973.1M |
| Gross Margin | 12.6% | 14.0% | 14.5% | 14.4% | 17.2% | 15.4% | 13.7% | 12.4% |
| Operating Expenses | ||||||||
| Research & Development | $41.6M | $48.6M | $49.4M | — | — | — | — | $9.4M |
| SG&A Expense | $903.4M | $922.6M | $895.5M | $870.1M | $1.12B | $869.9M | $634.1M | $536.0M |
| Operating Income | $284.0M | $357.4M | $448.8M | $596.8M | $1.55B | $938.1M | $380.2M | $252.8M |
| Operating Margin | 3.0% | 3.7% | 4.5% | 5.4% | 9.5% | 7.6% | 4.7% | 3.2% |
| Interest Expense | $45.3M | $61.2M | $100.0M | $97.4M | $90.1M | $93.5M | $107.3M | $68.1M |
| Pretax Income | $238.7M | $296.2M | $348.8M | $499.4M | $1.46B | $844.6M | $272.9M | $184.7M |
| Income Tax Expense | $64.1M | $39.6M | $83.4M | $125.1M | $321.6M | $183.7M | $51.5M | $52.2M |
| Net Income | $177.5M | $258.6M | $265.3M | $374.3M | $1.14B | $659.9M | $223.0M | $133.3M |
| Net Margin | 1.8% | 2.7% | 2.6% | 3.4% | 7.0% | 5.4% | 2.7% | 1.7% |
| EPS (Basic) | $3.39 | $4.87 | $4.98 | $7.00 | $20.67 | $11.93 | $4.04 | $2.47 |
| EPS (Diluted) | $3.38 | $4.84 | $4.94 | $6.95 | $20.59 | $11.85 | $4.02 | $2.47 |
| Shares Outstanding (Basic) | 52.4M | 53.1M | 53.2M | 53.5M | 55.0M | 55.3M | 55.2M | 53.9M |
| Shares Outstanding (Diluted) | 52.6M | 53.4M | 53.7M | 53.9M | 55.3M | 55.7M | 55.4M | 54.0M |
| Dividends Per Share | $2.08 | $2.00 | $1.92 | $1.80 | $1.72 | $1.64 | $1.60 | $1.56 |