Filing Flows › Thor Industries (THO) › Q3 FY25
Thor Industries (THO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 4, 2025
Thor Industries (THO) reported revenue of $2.9B for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +43% from the quarter before. Operating margin was 5.4%, net earnings $135M (4.7% of revenue).
Thor Industries, Q3 FY25: revenue $2.9B (+3% year over year), operating margin 5.4%, net earnings $135M, operating cash flow $258M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +43% | +3% |
| Gross profit | $443M | +81% | +5% |
| Operating profit | $156M | — | +9% |
| Net earnings | $135M | — | +18% |
| Operating cash flow | $258M | +735% | +2% |
| Free cash flow | $223M | 49× | -0.9% |
What changed
Revenue was $2.9B in Q3 FY25, up 3% year over year and up 43% from the previous quarter.
Gross margin was 15.3%, up 0.2 points from a year earlier. Operating profit was $0.16B, a 5.4% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 5% margin then. Operating expenses grew 3% against revenue growth of 3%. Net earnings were $0.14B, up 18% year over year. The effective tax rate was 13.9%.
Operating cash flow was $0.26B (up 2% year over year), 192% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.04B left free cash flow of $0.22B.
Questions
What was Thor Industries' revenue in the third quarter fiscal 2025?
Thor Industries (THO) reported revenue of $2.9B for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +43% from the quarter before.
Was Thor Industries profitable in the third quarter fiscal 2025?
Operating profit was $156M (5.4% of revenue) and net earnings $135M.
Source: Thor Industries 10-Q on SEC EDGAR.