Filing Flows › Thor Industries (THO) › Q4 FY26 › vs Q3 FY26
Thor Industries (THO) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Thor Industries's revenue fell $470M (-17%) from $2.8B in Q3 FY26 to $2.3B in Q4 FY26. Gross margin 12.4% against 12.8% (-0.4 pts).
Thor Industries, Q4 FY26: revenue $2.3B (-8% year over year), operating margin 2.2%, net earnings $41.3M, operating cash flow $244M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 12.4% | 12.8% | -0.4 pts |
| Operating margin | 2.2% | 4.8% | -2.6 pts |
| Net margin | 1.8% | 3.4% | -1.6 pts |
| Free cash flow margin | 8.2% | 7.0% | +1.2 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $2.3B | $2.8B | −$470M | -17% |
| Gross profit | $286M | $355M | −$69.1M | -19% |
| Cost of revenue | $2.0B | $2.4B | −$401M | -17% |
| Operating profit | $51.8M | $133M | −$81.7M | -61% |
| Operating expenses | $234M | $221M | $12.6M | +6% |
| Pre-tax earnings | $51.8M | $133M | −$81.7M | -61% |
| Net earnings | $41.3M | $95.5M | −$54.2M | -57% |
| Income tax | $10.5M | $37.9M | −$27.5M | -72% |
| Depreciation & amortization | $69.5M | $66.0M | $3.5M | +5% |
| Share-based compensation | $979K | $6.7M | −$5.7M | -85% |
| Working capital & other | $132M | $66.0M | $66.4M | +101% |
| Operating cash flow | $244M | $234M | $10.0M | +4% |
| Free cash flow (OCF − capex) | $190M | $196M | −$6.1M | -3% |
| Capital expenditures | $54.3M | $38.1M | $16.1M | +42% |
Questions
How much did Thor Industries's revenue grow quarter over quarter in Q4 FY26?
Thor Industries's revenue fell $470M (-17%) from $2.8B in Q3 FY26 to $2.3B in Q4 FY26. Gross margin 12.4% against 12.8% (-0.4 pts).