Filing Flows › Thor Industries (THO) › Q3 FY26 › vs Q3 FY25
Thor Industries (THO) Q3 FY26 vs Q3 FY25 (year over year)
Thor Industries's revenue fell $113M (-4%) from $2.9B in Q3 FY25 to $2.8B in Q3 FY26. Gross margin 12.8% against 15.3% (-2.6 pts).
Thor Industries, Q3 FY26: revenue $2.8B (-4% year over year), operating margin 4.8%, net earnings $97.2M, operating cash flow $234M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 12.8% | 15.3% | -2.6 pts |
| Operating margin | 4.8% | 5.4% | -0.6 pts |
| Net margin | 3.5% | 4.7% | -1.2 pts |
| Free cash flow margin | 7.0% | 7.7% | -0.6 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | −$113M | -4% |
| Gross profit | $355M | $443M | −$88.3M | -20% |
| Cost of revenue | $2.4B | $2.5B | −$24.9M | -1% |
| Operating profit | $133M | $156M | −$22.1M | -14% |
| Operating expenses | $221M | $288M | −$66.2M | -23% |
| Pre-tax earnings | $133M | $156M | −$22.1M | -14% |
| Loss borne by minority interests | $1.7M | $1.3M | $434K | +35% |
| Net earnings | $97.2M | $135M | −$38.0M | -28% |
| Income tax | $37.9M | $21.7M | $16.3M | +75% |
| Depreciation & amortization | $66.0M | $66.2M | −$223K | -0.3% |
| Share-based compensation | $6.7M | $8.2M | −$1.5M | -18% |
| Working capital & other | $64.3M | $48.1M | $16.2M | +34% |
| Operating cash flow | $234M | $258M | −$23.5M | -9% |
| Free cash flow (OCF − capex) | $196M | $223M | −$26.5M | -12% |
| Capital expenditures | $38.1M | $35.2M | $3.0M | +8% |
Questions
How much did Thor Industries's revenue grow year over year in Q3 FY26?
Thor Industries's revenue fell $113M (-4%) from $2.9B in Q3 FY25 to $2.8B in Q3 FY26. Gross margin 12.8% against 15.3% (-2.6 pts).