Thor Industries Inc. Common Stock (THO)

FairStock Score: 68/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a business I can understand, bought at a price that leaves room for error. Thor Industries sells recreational vehicles under brands such as Airstream, and it is clearly a cyclical enterprise. Its moat is modest—scale, brands, and dealer relationships—but the industry remains cyclical. The latest filed annual figures show fiscal year 2026 (period ended 2026-07-31) revenue of $9.6B, net income of $177.5M, and diluted EPS of $3.38, down from fiscal year 2025 (period ended 2025-07-31) net income of $258.6M and EPS of $4.84. That is a meaningful profit decline. The quarterly path is uneven: fiscal Q3 2026 (quarter ended 2026-04-30) produced $2.8B revenue, $97.2M net income, and $1.86 diluted EPS, while fiscal Q2 2026 (quarter ended 2026-01-31) earned only $17.8M, or $0.34 per share. So the business can earn money, but the cycle matters enormously. The balance sheet is reasonable: FairStock shows debt-to-equity of 0.21, Piotroski F-Score of 8/9, and trailing free cash flow yield of 5.9%. However, FairStock’s return measures are weak: ROE 6.09% and ROCE 2.23%. At the 2026-10-13 close of $65.23, FairStock’s P/E is 13.20, P/B is 0.79, EV/EBITDA is 6.08, and the Graham Number is $95.98, implying a 32.04% margin of safety. The market is pricing scepticism about the cycle. If RV demand recovers, earnings could normalize higher and the low price-to-book, 3.07% dividend yield, and cash generation become attractive. If the downturn persists, low returns and cyclicality may keep the stock cheap for a long time. I would want to see durable improvement in returns and filed profits before calling it a high-quality compounder.

In plain English: Thor Industries makes recreational vehicles such as travel trailers and motorhomes, sold mainly in North America and Europe. The business looks under pressure because profits have fallen recently and returns on capital are low. At the 2026-10-13 close of $65.23, the stock looks inexpensive compared with reported earnings and net assets, but it is still tied to the economy and RV demand.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-04-30) · fiscal Q2 2026 10-Q (period ended 2026-01-31) · fiscal Q1 2026 10-Q (period ended 2025-10-31) · fiscal Q3 2025 10-Q (period ended 2025-04-30) · FY2026 10-K (period ended 2026-07-31) · FY2025 10-K (period ended 2025-07-31) · FY2024 10-K (period ended 2024-07-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer