THOR INDUSTRIES INC (THO) Form 10-K — Sep 22, 2026
THOR Industries filed its FY2026 10-K reporting net sales of $9.61 billion, roughly flat versus $9.58 billion in fiscal 2025, with total RV backlog up 8.0% to $3.30 billion driven by a 74.6% jump in North American Towable backlog. North American demand remains weak, with THOR's wholesale units down 20.5% for the six months ended June 30, 2026, and RVIA forecasting calendar 2026 industry shipments down 8.2%. Management flagged continued headwinds from tariffs, elevated interest rates, soft consumer confidence, and elevated fuel prices tied to the Iran conflict and Strait of Hormuz disruption, and said it intentionally absorbed some tariff costs to protect affordability, pressuring margins.
Key figures
- Revenue
- 9608145000
- Revenue Yoy
- 0.3%
- Total Assets
- 0
- Cash Position
- 0
- Shares Outstanding
- 51614361
- Fy2025 revenue
- 9579490000
- European backlog
- 1653970000
- Na towable backlog
- 916584000
- Na motorized backlog
- 728206000
- Repurchase obligations
- 3315731000
- Total backlog jul 2026
- 3298760000
- Total backlog change pct
- 8.0%
- Quarterly dividend fy2026
- $0.52 per share
- Non affiliate market value
- $5.612 billion (Jan 31, 2026)
- Rvia cy2026 forecast units
- 314000
- Capital acquisitions fy2026
- 154632000
- Freedomroads pct of net sales
- 13.0%
- Na towable backlog change pct
- 74.6%
- Na wholesale units 6mo change
- -20.5%
- Na motorized backlog change pct
- -27.5%
- Remaining buyback authorization
- 264174000
AI analysis
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