THO Thor Industries margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 34

Gross margin

12.6%

Operating margin

2.1%

EBITDA margin

5.7%

Net margin

1.8%

Currently, Thor Industries has a gross margin of 12.6%, an operating margin of 2.1%, an EBITDA margin of 5.7%, and a net margin of 1.8%. Each available margin declined from the same period last year. Gross margin recorded the strongest contraction, decreasing by 1.4 percentage points.

THO margin history

Gross, operating, EBITDA and net margin trends

Thor Industries's margins averaged 13.92% gross, 3.42% operating, 6.6% EBITDA, and 2.5% net during the last 3 years. Currently, all four current margins are below their three-year averages.

THO margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by gross margin with a decline of 1.4 percentage points.

Gross margin expansion

-1.4pp

Operating margin expansion

-1pp

EBITDA margin expansion

-0.7pp

Net margin expansion

-0.9pp

THO Gross margin

The average gross margin for Thor Industries was 13.92% over the last 3 years. As of the latest period, the current gross margin for Thor Industries is 12.6%, 1.3 percentage points below its three-year average. The gross margin for Thor Industries moved between 12.6% in Jul 2026 and 14.5% in Jul 2024.

THO Operating margin

Across the last 3 years, Thor Industries's operating margin averaged 3.42%. The current operating margin stands at 2.1%, 1.3 percentage points below its three-year average. Operating margin was highest at 4.5% in Jan 2024 and lowest at 2.1% in Jul 2026.

THO EBITDA margin

Looking back over the last 3 years, Thor Industries recorded an average EBITDA margin of 6.6%. Thor Industries's current EBITDA margin is 5.7% and is 0.9 percentage points below its three-year average. The highest EBITDA margin for Thor Industries was 7.2% in Jan 2024, while the lowest was 5.7% in Jul 2026.

THO Net margin

Over the last 3 years, Thor Industries's net margin averaged 2.5%. As of the latest period, Thor Industries's current net margin is 1.8%, which is 0.7 percentage points below its three-year average. During this period, net margin reached a high of 3% in Jan 2026 and a low of 1.8% in Jul 2026.

THO margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 12.6%, THO stands below the Consumer Cyclical sector and the industry average. Looking at its Consumer Cyclical sector average of 36.3%, Thor Industries's gross margin is 65% lower.

THO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Thor Industries's gross margin?

As of Jul 31, 2026, THO has a gross margin of 12.6%.

What is Thor Industries's operating margin?

For the period ending Jul 31, 2026, THO recorded an operating margin of 2.1%.

What is Thor Industries's EBITDA margin?

The current EBITDA margin for THO is 5.7% as of Jul 31, 2026.

What is Thor Industries's net margin?

As of Jul 31, 2026, THO has a net margin of 1.8%.

What are the average margins of THO?

The three-year average margins for THO were 13.9% gross, 3.4% operating, 6.6% EBITDA, and 2.5% net.

What are the highest historical margins of THO?

Over the last 5 years, Thor Industries's highest margins were 17.2% gross in Jul 2022, 9.4% operating in Jul 2022, 11.2% EBITDA in Jul 2022, and 7% net in Jul 2022.

What are the lowest historical margins of THO?

Within the 5-year period, THO recorded its lowest margins at 12.6% gross in Jul 2026, 2.1% operating in Jul 2026, 5.7% EBITDA in Jul 2026, and 1.8% net in Jul 2026.