Thor Industries profit margin THO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 1.8%
- Operating margin, 12 months
- 2.1%
- Net margin on a year earlier
- −0.9 pts
- Peer median
- 5.8%
Over the twelve months to Jul 31, 2026, Thor Industries kept 1.8% of its revenue as net profit, with an operating margin of 2.1% and a gross margin of 12.6%.
Five years earlier its net margin was 5.4%.
The median for 10 aerospace and defense stocks of a similar size is 5.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 1.8% | 2.1% | 12.6% |
| FY2025 | 2.7% | 3.1% | 14.0% |
| FY2024 | 2.6% | 4.2% | 14.5% |
| FY2023 | 3.4% | 5.3% | 14.4% |
| FY2022 | 7.0% | 9.4% | 17.2% |
| FY2021 | 5.4% | 7.4% | 15.4% |
| FY2020 | 2.7% | 4.6% | 13.7% |
| FY2019 | 1.7% | 3.1% | 12.4% |
| FY2018 | n/a | 7.6% | 14.0% |
| FY2015 | 5.0% | 7.3% | 13.9% |
| FY2014 | 5.1% | 7.0% | 13.3% |
| FY2013 | 4.7% | 6.7% | 13.1% |
| FY2012 | 3.9% | 5.7% | 11.6% |
| FY2011 | 3.9% | 5.4% | 12.1% |
| FY2010 | 4.8% | 7.3% | 13.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q4 FY26 | 1.8% | −0.9 pts | 2.1% | |
| Q3 FY26 | 2.7% | +0.3 pts | 2.5% | |
| Q2 FY26 | 3.0% | +0.9 pts | 3.3% | |
| Q1 FY26 | 2.9% | +0.7 pts | 3.3% | |
| Q4 FY25 | 2.7% | +0.1 pts | 3.1% | |
| Q3 FY25 | 2.3% | −0.3 pts | 3.5% | |
| Q2 FY25 | 2.1% | −0.5 pts | 3.4% | |
| Q1 FY25 | 2.2% | −0.6 pts | 3.4% | |
| Q4 FY24 | 2.6% | −0.7 pts | 4.2% | |
| Q3 FY24 | 2.6% | −2.0 pts | 4.3% | |
| Q2 FY24 | 2.6% | −3.1 pts | 4.5% | |
| Q1 FY24 | 2.8% | −3.9 pts | 4.6% |
Against its peers
Companies in Aerospace & Defense nearest Thor Industries' size, closest first, today.
| Company | Profit margin |
|---|---|
| THOThor Industries | 1.8% |
| AIRAAR | 5.5% |
| HOGHarley-Davidson | 4.8% |
| KRMNKarman | 6.3% |
| ATROAstronics | 8.4% |
| LOARLoar | 11.6% |
| SAROStandardAero | 5.1% |
| KTOSKratos Defense & Security Solutions | 2.0% |
| DRSLeonardo DRS | 8.5% |
| HIIHuntington Ingalls Industries | 5.0% |
| TXTTextron | 6.1% |
| Peer median | 5.8% |
Where Thor Industries ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Thor Industries
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.