Filing Flows › Thor Industries (THO) › Q4 FY26 › vs Q4 FY25
Thor Industries (THO) Q4 FY26 vs Q4 FY25 (year over year)
Thor Industries's revenue fell $212M (-8%) from $2.5B in Q4 FY25 to $2.3B in Q4 FY26. Gross margin 12.4% against 14.7% (-2.3 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 Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 12.4% | 14.7% | -2.3 pts |
| Operating margin | 2.2% | 5.7% | -3.4 pts |
| Net margin | 1.8% | 5.0% | -3.2 pts |
| Free cash flow margin | 8.2% | 8.7% | -0.5 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $2.3B | $2.5B | −$212M | -8% |
| Gross profit | $286M | $371M | −$85.3M | -23% |
| Cost of revenue | $2.0B | $2.2B | −$127M | -6% |
| Operating profit | $51.8M | $143M | −$91.6M | -64% |
| Operating expenses | $234M | $228M | $6.3M | +3% |
| Pre-tax earnings | $51.8M | $143M | −$91.6M | -64% |
| Net earnings | $41.3M | $127M | −$85.3M | -67% |
| Income tax | $10.5M | $16.7M | −$6.3M | -38% |
| Depreciation & amortization | $69.5M | $71.4M | −$1.9M | -3% |
| Share-based compensation | $979K | $4.1M | −$3.1M | -76% |
| Working capital & other | $132M | $56.6M | $75.8M | +134% |
| Operating cash flow | $244M | $259M | −$14.5M | -6% |
| Free cash flow (OCF − capex) | $190M | $221M | −$30.8M | -14% |
| Capital expenditures | $54.3M | $37.9M | $16.3M | +43% |
Questions
How much did Thor Industries's revenue grow year over year in Q4 FY26?
Thor Industries's revenue fell $212M (-8%) from $2.5B in Q4 FY25 to $2.3B in Q4 FY26. Gross margin 12.4% against 14.7% (-2.3 pts).