Thor Industries, Inc. (THO)

THO Cash Flow Statement

Operating, investing, and financing cash flow analysis

THO Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	04/30/2026	01/31/2026	10/31/2025	07/31/2025	04/30/2025	01/31/2025	10/31/2024	07/31/2024
Cash from Operations (CFO)	335.720M	234.154M	-112.241M	-44.867M	258.674M	257.667M	30.842M	30.740M	338.016M
Net Income	260.767M	95.538M	17.803M	21.669M	125.757M	135.185M	-551K	-1.832M	90.015M
Depreciation & Amortization	202.292M	0.00	64.878M	66.035M	71.379M	66.173M	65.994M	67.661M	73.597M
Stock-Based Compensation	29.673M	6.702M	7.947M	10.950M	4.074M	8.188M	8.073M	10.537M	8.852M
Change in Accounts Receivable	2.438B	707.046M	632.443M	556.555M	541.713M	717.812M	535.137M	516.425M	502.301M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-154.918M	83.604M	-193.389M	-145.573M	100.440M	56.420M	46.114M	-46.114M	166.647M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-136.073M	-38.117M	-28.438M	-31.581M	-37.937M	-33.512M	-26.265M	-25.273M	-33.566M
Acquisitions	-9.250M	-9.250M	0.00	0.00	0.00	0.00	0.00	0.00	-3.500M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-131.702M	-50.500M	-25.233M	-5.047M	-50.922M	1.725M	-1.725M	0.00	-25.353M
Dividends Paid	-135.747M	-27.069M	-54.827M	-27.476M	-26.375M	-26.602M	-53.153M	-26.551M	-25.407M
Free Cash Flow (FCF)	199.647M	196.037M	-140.679M	-76.448M	220.737M	224.155M	4.577M	5.467M	304.450M
Net Change in Cash	-136.375M	129.770M	-267.702M	-76.718M	78.275M	134.502M	-71.403M	-56.094M	129.497M

THO Annual Cash Flow Statement (USD)

Annual Report	07/31/2025	07/31/2024	07/31/2023	07/31/2022	07/31/2021	07/31/2020	07/31/2019	07/31/2018
Cash from Operations (CFO)	577.923M	545.548M	981.633M	990.253M	526.482M	540.941M	508.019M	466.508M
Net Income	258.559M	265.308M	374.271M	1.138B	659.872M	222.974M	133.275M	430.151M
Depreciation & Amortization	271.207M	277.145M	276.928M	284.453M	230.581M	196.167M	148.777M	93.223M
Stock-Based Compensation	30.872M	37.901M	39.512M	31.421M	30.514M	19.889M	18.950M	17.000M
Change in Accounts Receivable	541.713M	502.301M	543.865M	848.814M	796.489M	588.069M	478.531M	467.488M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	65.877M	-18.605M	317.294M	-415.737M	-403.000M	89.923M	139.181M	-88.511M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-122.987M	-139.635M	-208.194M	-242.357M	-128.835M	-106.697M	-130.224M	-138.197M
Acquisitions	0.00	-7.314M	-6.184M	-781.967M	-310.938M	27.677M	-1.736B	-50.402M
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-52.647M	-68.387M	-42.007M	-165.107M	0.00	0.00	0.00	0.00
Dividends Paid	-106.130M	-102.137M	-95.969M	-94.944M	-90.801M	-88.318M	-84.139M	-77.989M
Free Cash Flow (FCF)	454.936M	405.913M	773.439M	747.896M	397.647M	434.244M	377.795M	328.311M
Net Change in Cash	85.280M	60.084M	129.679M	-137.153M	-95.511M	87.257M	176.013M	51.991M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

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.

Elkhart, IN

22,300 employees

www.thorindustries.com

Consumer Cyclical / Auto - Recreational Vehicles

Sector: Consumer Cyclical
Industry: Auto - Recreational Vehicles
CEO: Robert W. Martin

View full financials