Thor Industries, Inc. (THO) FCF Payout Ratio: 54.77%
Is Thor Industries, Inc.’s FCF payout ratio high or low?
Thor Industries, Inc.'s FCF payout ratio of 54.77% is 181% above its 5-year average of 19.46%, near the high end of its 5-year range (12.41%–54.77%).
125.90% above its 12-month average of 24.25%.
THO FCF Payout Ratio Chart
THO Average FCF Payout Ratio Chart
THO Current vs Average FCF Payout Ratio Chart
THO FCF Payout Ratio Metrics
FCF PAYOUT RATIO
54.77%
FCF PAYOUT RATIO AVG TTM
24.25%
FCF PAYOUT RATIO AVG 3Y
18.40%
FCF PAYOUT RATIO AVG 5Y
19.46%
FCF PAYOUT RATIO AVG 10Y
21.39%
FCF PAYOUT RATIO AVG 15Y
32.76%
FCF PAYOUT RATIO AVG 20Y
35.48%
CURRENT VS TTM AVG
+125.90%
CURRENT VS 3Y AVG
+197.69%
CURRENT VS 5Y AVG
+181.43%
CURRENT VS 10Y AVG
+156.06%
CURRENT VS 15Y AVG
+67.21%
CURRENT VS 20Y AVG
+54.36%
Payout Ratio Comparison
FCF Payout Ratio
54.8%
Earnings Payout Ratio
42.3%
Dividend Yield
2.75%
FCF Yield
5.09%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $454.94M | $106.13M | 23.3% |
| 2024 | $405.91M | $102.14M | 25.2% |
| 2023 | $773.44M | $95.97M | 12.4% |
| 2022 | $747.90M | $94.94M | 12.7% |
| 2021 | $397.65M | $90.80M | 22.8% |
| 2020 | $434.24M | $88.32M | 20.3% |
| 2019 | $377.80M | $84.14M | 22.3% |
| 2018 | $328.31M | $77.99M | 23.8% |
| 2017 | $304.31M | $69.41M | 22.8% |
| 2016 | $289.23M | $62.97M | 21.8% |
| 2015 | $205.58M | $57.38M | 27.9% |
| 2014 | $118.86M | $102.31M | 86.1% |
| 2013 | $120.76M | $117.69M | 97.5% |
| 2012 | $108.78M | $32.32M | 29.7% |
| 2011 | $81.05M | $22.33M | 27.5% |
| 2010 | $88.36M | $42.41M | 48.0% |
| 2009 | $42.95M | $15.52M | 36.1% |
| 2008 | $107.63M | $127.28M | 118.3% |
| 2007 | $219.10M | $71.32M | 32.6% |
| 2006 | $107.09M | $27.76M | 25.9% |
| 2005 | $83.67M | $6.82M | 8.2% |
| 2004 | $56.28M | $5.15M | 9.2% |
| 2003 | $18.41M | $1.43M | 7.8% |
| 2002 | $126.39M | $1.09M | 0.9% |
| 2001 | $3.83M | $0.95M | 24.9% |
| 2000 | $0.72M | $0.97M | 133.8% |
| 1999 | $28.70M | $1.00M | 3.5% |
| 1998 | $28.50M | $1.00M | 3.5% |
| 1997 | $20.70M | $1.00M | 4.8% |
| 1996 | $6.70M | $1.10M | 16.4% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Thor Industries, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Thor Industries, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Thor Industries, Inc. (THO)?
- The FCF payout ratio for THO stock is 54.77%.
- Is Thor Industries, Inc.'s FCF payout ratio high or low?
- Thor Industries, Inc.'s FCF payout ratio of 54.77% is 181% above its 5-year average of 19.46%, near the high end of its 5-year range (12.41%–54.77%).
- What is the TTM average FCF payout ratio for Thor Industries, Inc. (THO)?
- The TTM average FCF payout ratio for THO stock is 24.25%.
- What is the 3Y average FCF payout ratio for Thor Industries, Inc. (THO)?
- The 3Y average FCF payout ratio for THO stock is 18.40%.
- What is the 5Y average FCF payout ratio for Thor Industries, Inc. (THO)?
- The 5Y average FCF payout ratio for THO stock is 19.46%.
- What is the 10Y average FCF payout ratio for Thor Industries, Inc. (THO)?
- The 10Y average FCF payout ratio for THO stock is 21.39%.
- What is the 15Y average FCF payout ratio for Thor Industries, Inc. (THO)?
- The 15Y average FCF payout ratio for THO stock is 32.76%.
- What is the 20Y average FCF payout ratio for Thor Industries, Inc. (THO)?
- The 20Y average FCF payout ratio for THO stock is 35.48%.
Thor Industries, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-07-31 | 23.33% |
| 2024-07-31 | 25.16% |
| 2023-07-31 | 12.41% |
| 2022-07-31 | 12.69% |
| 2021-07-31 | 22.83% |
| 2020-07-31 | 20.34% |
| 2019-07-31 | 22.27% |
| 2018-07-31 | 23.75% |
| 2017-07-31 | 22.81% |
| 2016-07-31 | 21.77% |
| 2015-07-31 | 27.91% |
| 2014-07-31 | 86.08% |
| 2013-07-31 | 97.45% |
| 2012-07-31 | 29.71% |
| 2011-07-31 | 27.55% |
| 2010-07-31 | 48.00% |
| 2009-07-31 | 36.15% |
| 2008-07-31 | 118.25% |
| 2007-07-31 | 32.55% |
| 2006-07-31 | 25.93% |
| 2005-07-31 | 8.16% |
| 2004-07-31 | 9.16% |
| 2003-07-31 | 7.76% |
| 2002-07-31 | 0.86% |
| 2001-07-31 | 24.86% |
| 2000-07-31 | 133.84% |
| 1999-07-31 | 3.48% |
| 1998-07-31 | 3.51% |
| 1997-07-31 | 4.83% |
| 1996-07-31 | 16.42% |
About Thor Industries, Inc.
Thor Industries, Inc. specializes in the design, production, and sale of recreational vehicles (RVs), complemented by a range of related parts and accessories. Its operations span the United States, Canada, and Europe. The company offers an extensive selection of RVs, including various travel trailers (from conventional models to luxury fifth wheels) and gasoline or diesel-powered Class A, Class B, and Class C motorhomes. Additionally, it caters to European markets with motorcaravans, caravans, campervans, and urban recreational vehicles. Beyond finished products, Thor also manufactures aluminum extrusions and specialized component parts for other RV and industrial manufacturers, and provides digital products and services specifically designed for RVs. Its diverse offerings are distributed through independent and non-franchise dealerships. Founded in 1980, Thor Industries is headquartered in Elkhart, Indiana.
- Sector
- Consumer Cyclical
- Industry
- Auto - Recreational Vehicles
- CEO
- Robert W. Martin