Filing Flows › Thor Industries (THO) › Q4 FY25
Thor Industries (THO) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 24, 2025
Thor Industries (THO) reported revenue of $2.5B for the fourth quarter fiscal 2025 (Q4 FY25), -0.4% from a year earlier and -13% from the quarter before. Operating margin was 5.7%, net earnings $127M (5.0% of revenue).
Thor Industries, Q4 FY25: revenue $2.5B (-0.4% year over year), operating margin 5.7%, net earnings $127M, operating cash flow $259M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -13% | -0.4% |
| Gross profit | $371M | -16% | -8% |
| Operating profit | $143M | -8% | +13% |
| Net earnings | $127M | -5% | +38% |
| Operating cash flow | $259M | +0.4% | -23% |
| Free cash flow | $221M | -0.8% | -27% |
What changed
Revenue was $2.5B in Q4 FY25, roughly flat year over year and down 13% from the previous quarter.
Gross margin was 14.7%, down 1.1 points from a year earlier. Operating profit was $0.14B, a 5.7% margin (up 0.7 points year over year). Operating expenses fell 17% while revenue was flat. Net earnings were $0.13B, up 40% year over year. The effective tax rate was 11.7%.
Operating cash flow was $0.26B (down 23% year over year), 204% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.04B left free cash flow of $0.22B.
Questions
What was Thor Industries' revenue in the fourth quarter fiscal 2025?
Thor Industries (THO) reported revenue of $2.5B for the fourth quarter fiscal 2025 (Q4 FY25), -0.4% from a year earlier and -13% from the quarter before.
Was Thor Industries profitable in the fourth quarter fiscal 2025?
Operating profit was $143M (5.7% of revenue) and net earnings $127M.
Source: Thor Industries 10-K on SEC EDGAR.