Thor Historical Income Statement

THO Stock

USD 105.99 3.47 3.38%

Historical analysis of Thor Industries income statement accounts such as Operating Income of 511.8 M, Ebit of 528.1 M, EBITDA of 862.8 M or Cost Of Revenue of 10.4 B can show how well Thor Industries performed in making a profits. Evaluating Thor Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Thor Industries's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Thor Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Thor Industries is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

About Thor Income Statement Analysis

Thor Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Thor Industries shareholders. The income statement also shows Thor investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Thor Industries Income Statement Chart

At this time, Thor Industries' EBITDA is very stable compared to the past year. As of the 30th of January 2025, Cost Of Revenue is likely to grow to about 10.4 B, while Income Before Tax is likely to drop about 227 M.

Total Revenue Gross Profit Operating Income

Total Revenue

Total revenue comprises all receipts Thor Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Thor Industries minus its cost of goods sold. It is profit before Thor Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Thor Industries operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Thor Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Thor Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Thor Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.At this time, Thor Industries' EBITDA is very stable compared to the past year. As of the 30th of January 2025, Cost Of Revenue is likely to grow to about 10.4 B, while Income Before Tax is likely to drop about 227 M.

	2022	2023	2024	2025 (projected)
Total Revenue	11.1B	10.0B	11.5B	12.1B
Depreciation And Amortization	276.9M	277.1M	318.7M	334.7M

Total Revenue Depreciation And Amortization

Thor Industries income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Research Development	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Selling And Marketing Expenses	Discontinued Operations	Tax Provision	Net Interest Income	Interest Income	Minority Interest	Reconciled Depreciation
Depreciation And Amortization		0.88	0.86	0.9	0.54	0.55	0.74	0.89	0.97	0.42	-0.54	0.46	0.28	0.95	0.96	0.97	0.53	-0.22	0.88	0.95	-0.53	0.3	-0.91	-0.03	-0.34	0.95
Total Revenue	0.88		0.99	1.0	0.83	0.83	0.93	1.0	0.96	0.73	-0.66	0.75	0.64	0.84	0.97	0.8	0.78	0.08	0.76	0.8	-0.66	0.6	-0.83	0.11	-0.29	0.84
Gross Profit	0.86	0.99		0.98	0.89	0.89	0.97	0.98	0.94	0.81	-0.66	0.82	0.71	0.79	0.95	0.77	0.86	0.02	0.76	0.74	-0.62	0.68	-0.79	0.03	-0.27	0.82
Other Operating Expenses	0.9	1.0	0.98		0.8	0.81	0.92	1.0	0.97	0.7	-0.66	0.72	0.6	0.86	0.98	0.82	0.75	0.07	0.77	0.82	-0.66	0.57	-0.84	0.12	-0.3	0.85
Operating Income	0.54	0.83	0.89	0.8		1.0	0.97	0.81	0.68	0.97	-0.66	0.97	0.92	0.45	0.71	0.44	0.98	0.1	0.56	0.35	-0.48	0.9	-0.47	-0.08	-0.18	0.54
Ebit	0.55	0.83	0.89	0.81	1.0		0.97	0.82	0.69	0.97	-0.66	0.97	0.92	0.46	0.72	0.45	0.98	0.1	0.57	0.36	-0.49	0.9	-0.47	-0.08	-0.2	0.54
Ebitda	0.74	0.93	0.97	0.92	0.97	0.97		0.92	0.84	0.91	-0.69	0.92	0.83	0.65	0.86	0.64	0.94	0.02	0.71	0.57	-0.55	0.81	-0.65	-0.07	-0.26	0.72
Cost Of Revenue	0.89	1.0	0.98	1.0	0.81	0.82	0.92		0.97	0.71	-0.66	0.73	0.62	0.85	0.97	0.81	0.77	0.09	0.75	0.81	-0.67	0.58	-0.83	0.12	-0.29	0.84
Total Operating Expenses	0.97	0.96	0.94	0.97	0.68	0.69	0.84	0.97		0.55	-0.62	0.58	0.44	0.92	1.0	0.93	0.64	-0.05	0.84	0.92	-0.63	0.43	-0.89	0.08	-0.37	0.92
Income Before Tax	0.42	0.73	0.81	0.7	0.97	0.97	0.91	0.71	0.55		-0.52	1.0	0.96	0.34	0.59	0.29	0.97	0.09	0.45	0.22	-0.43	0.9	-0.37	-0.16	-0.03	0.44
Total Other Income Expense Net	-0.54	-0.66	-0.66	-0.66	-0.66	-0.66	-0.69	-0.66	-0.62	-0.52		-0.55	-0.42	-0.54	-0.64	-0.5	-0.56	-0.06	-0.5	-0.39	0.34	-0.4	0.56	-0.26	0.51	-0.62
Net Income	0.46	0.75	0.82	0.72	0.97	0.97	0.92	0.73	0.58	1.0	-0.55		0.94	0.39	0.61	0.32	0.98	0.04	0.47	0.25	-0.42	0.88	-0.42	-0.14	-0.03	0.49
Income Tax Expense	0.28	0.64	0.71	0.6	0.92	0.92	0.83	0.62	0.44	0.96	-0.42	0.94		0.16	0.47	0.16	0.91	0.25	0.35	0.1	-0.44	0.92	-0.19	-0.18	-0.04	0.27
Interest Expense	0.95	0.84	0.79	0.86	0.45	0.46	0.65	0.85	0.92	0.34	-0.54	0.39	0.16		0.91	0.89	0.44	-0.17	0.73	0.93	-0.53	0.15	-0.99	0.21	-0.2	0.92
Selling General Administrative	0.96	0.97	0.95	0.98	0.71	0.72	0.86	0.97	1.0	0.59	-0.64	0.61	0.47	0.91		0.92	0.67	-0.05	0.84	0.9	-0.62	0.46	-0.88	0.07	-0.36	0.92
Research Development	0.97	0.8	0.77	0.82	0.44	0.45	0.64	0.81	0.93	0.29	-0.5	0.32	0.16	0.89	0.92		0.41	-0.25	0.89	0.95	-0.44	0.21	-0.83	-0.04	-0.47	0.93
Net Income From Continuing Ops	0.53	0.78	0.86	0.75	0.98	0.98	0.94	0.77	0.64	0.97	-0.56	0.98	0.91	0.44	0.67	0.41		0.0	0.56	0.32	-0.41	0.92	-0.46	-0.18	-0.08	0.51
Non Recurring	-0.22	0.08	0.02	0.07	0.1	0.1	0.02	0.09	-0.05	0.09	-0.06	0.04	0.25	-0.17	-0.05	-0.25	0.0		-0.34	-0.1	-0.34	0.16	0.16	0.58	-0.11	-0.27
Non Operating Income Net Other	0.88	0.76	0.76	0.77	0.56	0.57	0.71	0.75	0.84	0.45	-0.5	0.47	0.35	0.73	0.84	0.89	0.56	-0.34		0.77	-0.29	0.44	-0.68	-0.39	-0.33	0.84
Selling And Marketing Expenses	0.95	0.8	0.74	0.82	0.35	0.36	0.57	0.81	0.92	0.22	-0.39	0.25	0.1	0.93	0.9	0.95	0.32	-0.1	0.77		-0.55	0.11	-0.89	0.13	-0.37	0.89
Discontinued Operations	-0.53	-0.66	-0.62	-0.66	-0.48	-0.49	-0.55	-0.67	-0.63	-0.43	0.34	-0.42	-0.44	-0.53	-0.62	-0.44	-0.41	-0.34	-0.29	-0.55		-0.29	0.53	-0.26	0.13	-0.46
Tax Provision	0.3	0.6	0.68	0.57	0.9	0.9	0.81	0.58	0.43	0.9	-0.4	0.88	0.92	0.15	0.46	0.21	0.92	0.16	0.44	0.11	-0.29		-0.15	-0.29	-0.1	0.24
Net Interest Income	-0.91	-0.83	-0.79	-0.84	-0.47	-0.47	-0.65	-0.83	-0.89	-0.37	0.56	-0.42	-0.19	-0.99	-0.88	-0.83	-0.46	0.16	-0.68	-0.89	0.53	-0.15		-0.23	0.15	-0.9
Interest Income	-0.03	0.11	0.03	0.12	-0.08	-0.08	-0.07	0.12	0.08	-0.16	-0.26	-0.14	-0.18	0.21	0.07	-0.04	-0.18	0.58	-0.39	0.13	-0.26	-0.29	-0.23		-0.18	0.0
Minority Interest	-0.34	-0.29	-0.27	-0.3	-0.18	-0.2	-0.26	-0.29	-0.37	-0.03	0.51	-0.03	-0.04	-0.2	-0.36	-0.47	-0.08	-0.11	-0.33	-0.37	0.13	-0.1	0.15	-0.18		-0.37
Reconciled Depreciation	0.95	0.84	0.82	0.85	0.54	0.54	0.72	0.84	0.92	0.44	-0.62	0.49	0.27	0.92	0.92	0.93	0.51	-0.27	0.84	0.89	-0.46	0.24	-0.9	0.0	-0.37

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Thor Industries Account Relationship Matchups

Thor Industries income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	230.6M	284.5M	276.9M	277.1M	318.7M	334.7M
Total Revenue	12.3B	16.3B	11.1B	10.0B	11.5B	12.1B
Gross Profit	1.9B	2.8B	1.6B	1.5B	1.7B	1.8B
Other Operating Expenses	11.4B	14.8B	10.5B	9.6B	11.1B	11.6B
Operating Income	938.9M	1.5B	596.8M	423.9M	487.5M	511.8M
Ebit	907.9M	1.5B	585.5M	437.4M	503.0M	528.1M
Ebitda	1.1B	1.8B	862.4M	714.5M	821.7M	862.8M
Cost Of Revenue	10.4B	13.5B	9.5B	8.6B	9.9B	10.4B
Total Operating Expenses	987.1M	1.3B	1.0B	1.0B	1.2B	1.2B
Income Before Tax	844.6M	1.5B	499.4M	348.8M	401.2M	227.0M
Total Other Income Expense Net	(153.7M)	(190.7M)	(190.4M)	(75.0M)	(67.5M)	(64.2M)
Net Income	659.9M	1.1B	374.3M	265.3M	305.1M	161.4M
Income Tax Expense	183.7M	321.6M	125.1M	83.4M	96.0M	65.6M
Interest Expense	94.3M	91.2M	97.4M	88.7M	102.0M	107.1M
Selling General Administrative	825.3M	1.1B	803.9M	818.5M	941.3M	988.3M
Research Development	26.8M	39.0M	36.6M	49.4M	56.8M	59.6M
Net Income Applicable To Common Shares	223.0M	659.9M	1.1B	374.3M	430.4M	242.3M
Net Income From Continuing Ops	660.9M	1.1B	374.2M	265.4M	305.2M	377.6M
Selling And Marketing Expenses	44.6M	55.5M	66.2M	77.0M	88.6M	93.0M
Tax Provision	183.7M	321.6M	125.1M	83.4M	96.0M	156.1M
Net Interest Income	(93.5M)	(90.1M)	(97.4M)	(88.7M)	(79.8M)	(83.8M)
Interest Income	8.1M	3.1M	797K	1.1M	1.3M	1.2M
Minority Interest	26.3M	439K	31K	(92K)	(82.8K)	(78.7K)
Reconciled Depreciation	230.6M	284.5M	276.9M	277.1M	318.7M	220.8M

Pair Trading with Thor Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thor Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thor Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thor Stock

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Moving against Thor Stock

0.86	LCID	Lucid Group	Pair Corr
0.79	INVZ	Innoviz Technologies	Pair Corr
0.66	RIVN	Rivian Automotive	Pair Corr
0.47	DAN	Dana Inc Trending	Pair Corr
0.37	APTV	Aptiv PLC Earnings Call Today	Pair Corr

The ability to find closely correlated positions to Thor Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thor Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thor Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thor Industries to buy it.

The correlation of Thor Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thor Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Thor Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Thor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thor Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thor Industries Stock:

How To Invest In Thor

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Is Thor Stock a good investment?

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What is Thor Industries' Net Worth?

Details

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To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thor Industries. If investors know Thor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.001

Earnings Share

3.92

Revenue Per Share

188.614

Quarterly Revenue Growth

(0.07)

Return On Assets

0.0371

The market value of Thor Industries is measured differently than its book value, which is the value of Thor that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thor Industries' market value can be influenced by many factors that don't directly affect Thor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Thor Historical Income Statement

About Thor Income Statement Analysis

Thor Industries Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Thor Industries income statement Correlations

Thor Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thor Industries income statement Accounts

Pair Trading with Thor Industries

Moving together with Thor Stock

Moving against Thor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Selling General Administrative	+ 1.0	Total Operating Expenses
Net Income	+ 1.0	Income Before Tax

Net Interest Income	- 0.99	Interest Expense
Net Interest Income	- 0.91	Depreciation And Amortization
Reconciled Depreciation	- 0.9	Net Interest Income
Net Interest Income	- 0.89	Selling And Marketing Expenses
Net Interest Income	- 0.89	Total Operating Expenses
Net Interest Income	- 0.88	Selling General Administrative