Thor Industries Inc Net Assets
Thor Industries Inc net assets. Based on the latest financial reports, Thor Industries Inc (THO) has net assets worth $4.31 Billion USD as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.15 Billion) and total liabilities ($2.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset momentum of Thor Industries Inc to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.31 Billion |
| % of Total Assets | 60.27% |
| Annual Growth Rate | 14.19% |
| 5-Year Change | 45.5% |
| 10-Year Change | 239.04% |
| Growth Volatility | 14.81 |
Net Assets of Thor Industries Inc (1986–2025)
Net assets of Thor Industries Inc from 1986 to 2025. This chart illustrates how Thor Industries Inc's net assets have evolved over time, based on quarterly financial data. See how leveraged is Thor Industries Inc's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Thor Industries Inc (1986–2025)
The table below shows the annual net assets of Thor Industries Inc from 1986 to 2025. For live market cap and overall valuation, see market value of Thor Industries Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $4.29 Billion | +5.29% |
| 2024-07-31 | $4.07 Billion | +2.28% |
| 2023-07-31 | $3.98 Billion | +10.63% |
| 2022-07-31 | $3.60 Billion | +22.13% |
| 2021-07-31 | $2.95 Billion | +25.69% |
| 2020-07-31 | $2.35 Billion | +11.95% |
| 2019-07-31 | $2.10 Billion | +8.13% |
| 2018-07-31 | $1.94 Billion | +22.91% |
| 2017-07-31 | $1.58 Billion | +24.61% |
| 2016-07-31 | $1.27 Billion | +18.78% |
| 2015-07-31 | $1.07 Billion | +8.95% |
| 2014-07-31 | $977.70 Million | +9.53% |
| 2013-07-31 | $892.61 Million | +4.91% |
| 2012-07-31 | $850.83 Million | +1.74% |
| 2011-07-31 | $836.27 Million | +27.23% |
| 2010-07-31 | $657.28 Million | -6.77% |
| 2009-07-31 | $705.03 Million | +0.76% |
| 2008-07-31 | $699.70 Million | -8.70% |
| 2007-07-31 | $766.33 Million | +7.46% |
| 2006-07-31 | $713.10 Million | +19.37% |
| 2005-07-31 | $597.39 Million | +16.77% |
| 2004-07-31 | $511.60 Million | +23.33% |
| 2003-07-31 | $414.82 Million | +23.97% |
| 2002-07-31 | $334.62 Million | +52.14% |
| 2001-07-31 | $219.95 Million | +12.67% |
| 2000-07-31 | $195.20 Million | +18.02% |
| 1999-07-31 | $165.40 Million | +19.68% |
| 1998-07-31 | $138.20 Million | +12.91% |
| 1997-07-31 | $122.40 Million | +2.68% |
| 1996-07-31 | $119.20 Million | +10.47% |
| 1995-07-31 | $107.90 Million | +12.51% |
| 1994-07-31 | $95.90 Million | +18.69% |
| 1993-07-31 | $80.80 Million | +13.64% |
| 1992-07-31 | $71.10 Million | +74.26% |
| 1991-07-31 | $40.80 Million | -0.24% |
| 1990-07-31 | $40.90 Million | +0.99% |
| 1989-07-31 | $40.50 Million | +8.00% |
| 1988-07-31 | $37.50 Million | +16.10% |
| 1987-07-31 | $32.30 Million | +32.92% |
| 1986-07-31 | $24.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thor Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21398.4% over the analyzed period, indicating profitable operations and earnings retention.
Thor Industries Inc Net Assets Breakdown (July 2025)
Thor Industries Inc net assets breakdown by equity component as of July 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.41 Billion | 102.77% |
| Common Stock | $6.73 Million | 0.16% |
| Other Comprehensive Income | $10.39 Million | 0.24% |
| Total Equity | $4.29 Billion | 100.00% |
Thor Industries Inc Competitors by Market Cap
The table below lists competitors of Thor Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AMP Ltd
AU:AMP
|
$3.85 Billion |
|
Kiwoom
KO:039490
|
$3.85 Billion |
|
Jointown Pharmaceutical Group Co Ltd
SHG:600998
|
$3.85 Billion |
|
Copa Holdings SA
NYSE:CPA
|
$3.85 Billion |
|
Peyto Exploration&Development Corp
TO:PEY
|
$3.85 Billion |
|
Masan Group Corp
VN:MSN
|
$3.85 Billion |
|
Cabot Corporation
NYSE:CBT
|
$3.84 Billion |
|
Emcure Pharmaceuticals Ltd
NSE:EMCURE
|
$3.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thor Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,067,430,000 to 4,288,498,000, a change of 221,068,000 (5.4%).
- Net income of 258,559,000 contributed positively to equity growth.
- Dividend payments of 106,130,000 reduced retained earnings.
- Share repurchases of 52,647,000 reduced equity.
- Other comprehensive income increased equity by 104,096,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $258.56 Million | +6.03% |
| Dividends Paid | $106.13 Million | -2.47% |
| Share Repurchases | $52.65 Million | -1.23% |
| Other Comprehensive Income | $104.10 Million | +2.43% |
| Other Changes | $17.19 Million | +0.4% |
| Total Change | $- | 5.44% |
Book Value vs Market Value Analysis
This analysis compares Thor Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 138.74x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-07-31 | $0.53 | $73.90 | x |
| 1987-07-31 | $0.70 | $73.90 | x |
| 1988-07-31 | $0.83 | $73.90 | x |
| 1989-07-31 | $0.89 | $73.90 | x |
| 1990-07-31 | $0.95 | $73.90 | x |
| 1991-07-31 | $0.95 | $73.90 | x |
| 1992-07-31 | $1.34 | $73.90 | x |
| 1993-07-31 | $1.52 | $73.90 | x |
| 1994-07-31 | $1.79 | $73.90 | x |
| 1995-07-31 | $2.02 | $73.90 | x |
| 1996-07-31 | $2.29 | $73.90 | x |
| 1997-07-31 | $2.51 | $73.90 | x |
| 1998-07-31 | $2.82 | $73.90 | x |
| 1999-07-31 | $3.40 | $73.90 | x |
| 2000-07-31 | $4.00 | $73.90 | x |
| 2001-07-31 | $4.60 | $73.90 | x |
| 2002-07-31 | $6.11 | $73.90 | x |
| 2003-07-31 | $7.20 | $73.90 | x |
| 2004-07-31 | $8.73 | $73.90 | x |
| 2005-07-31 | $10.25 | $73.90 | x |
| 2006-07-31 | $11.87 | $73.90 | x |
| 2007-07-31 | $13.70 | $73.90 | x |
| 2008-07-31 | $12.55 | $73.90 | x |
| 2009-07-31 | $12.71 | $73.90 | x |
| 2010-07-31 | $12.37 | $73.90 | x |
| 2011-07-31 | $15.10 | $73.90 | x |
| 2012-07-31 | $15.79 | $73.90 | x |
| 2013-07-31 | $16.81 | $73.90 | x |
| 2014-07-31 | $18.32 | $73.90 | x |
| 2015-07-31 | $19.99 | $73.90 | x |
| 2016-07-31 | $24.06 | $73.90 | x |
| 2017-07-31 | $29.88 | $73.90 | x |
| 2018-07-31 | $36.66 | $73.90 | x |
| 2019-07-31 | $38.78 | $73.90 | x |
| 2020-07-31 | $42.34 | $73.90 | x |
| 2021-07-31 | $52.94 | $73.90 | x |
| 2022-07-31 | $65.15 | $73.90 | x |
| 2023-07-31 | $73.96 | $73.90 | x |
| 2024-07-31 | $75.76 | $73.90 | x |
| 2025-07-31 | $80.31 | $73.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thor Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.70%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 1.65x
- Recent ROE (6.03%) is below the historical average (15.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 24.28% | 4.34% | 3.28x | 1.70x | $3.47 Million |
| 1987 | 22.91% | 4.48% | 3.00x | 1.70x | $4.17 Million |
| 1988 | 15.47% | 3.58% | 2.83x | 1.53x | $2.05 Million |
| 1989 | 8.15% | 2.03% | 2.77x | 1.45x | $-750.00K |
| 1990 | 8.31% | 2.08% | 2.87x | 1.39x | $-690.00K |
| 1991 | 1.47% | 0.43% | 1.91x | 1.81x | $-3.48 Million |
| 1992 | 11.81% | 3.07% | 2.20x | 1.75x | $1.29 Million |
| 1993 | 14.73% | 2.89% | 3.36x | 1.52x | $3.82 Million |
| 1994 | 16.68% | 3.26% | 3.45x | 1.48x | $6.41 Million |
| 1995 | 12.79% | 2.45% | 3.79x | 1.38x | $3.01 Million |
| 1996 | 13.51% | 2.67% | 3.42x | 1.48x | $4.18 Million |
| 1997 | 14.54% | 2.85% | 3.56x | 1.43x | $5.56 Million |
| 1998 | 14.04% | 2.71% | 3.34x | 1.55x | $5.58 Million |
| 1999 | 18.62% | 3.82% | 3.28x | 1.49x | $14.26 Million |
| 2000 | 18.50% | 4.04% | 3.17x | 1.45x | $16.60 Million |
| 2001 | 12.15% | 3.23% | 2.68x | 1.41x | $4.73 Million |
| 2002 | 15.30% | 4.11% | 2.50x | 1.49x | $17.72 Million |
| 2003 | 18.96% | 5.00% | 2.58x | 1.47x | $37.15 Million |
| 2004 | 20.74% | 4.85% | 2.87x | 1.49x | $54.92 Million |
| 2005 | 20.38% | 4.76% | 2.98x | 1.44x | $62.03 Million |
| 2006 | 24.18% | 5.62% | 3.03x | 1.42x | $101.15 Million |
| 2007 | 17.58% | 4.72% | 2.70x | 1.38x | $58.10 Million |
| 2008 | 13.25% | 3.51% | 2.65x | 1.42x | $22.74 Million |
| 2009 | 2.43% | 1.13% | 1.60x | 1.35x | $-53.36 Million |
| 2010 | 16.75% | 4.83% | 2.36x | 1.47x | $44.34 Million |
| 2011 | 12.71% | 3.86% | 2.30x | 1.43x | $22.65 Million |
| 2012 | 14.31% | 3.95% | 2.48x | 1.46x | $36.66 Million |
| 2013 | 17.13% | 4.72% | 2.44x | 1.49x | $63.60 Million |
| 2014 | 18.31% | 5.08% | 2.50x | 1.44x | $81.23 Million |
| 2015 | 18.72% | 4.98% | 2.67x | 1.41x | $92.87 Million |
| 2016 | 20.27% | 5.60% | 1.97x | 1.84x | $130.00 Million |
| 2017 | 23.74% | 5.16% | 2.83x | 1.62x | $216.60 Million |
| 2018 | 22.20% | 5.16% | 3.00x | 1.43x | $236.38 Million |
| 2019 | 6.36% | 1.69% | 1.39x | 2.70x | $-76.25 Million |
| 2020 | 9.51% | 2.73% | 1.42x | 2.46x | $-11.58 Million |
| 2021 | 22.38% | 5.36% | 1.85x | 2.26x | $365.06 Million |
| 2022 | 31.60% | 6.98% | 2.20x | 2.06x | $777.74 Million |
| 2023 | 9.40% | 3.37% | 1.53x | 1.82x | $-24.07 Million |
| 2024 | 6.52% | 2.64% | 1.43x | 1.73x | $-141.44 Million |
| 2025 | 6.03% | 2.70% | 1.36x | 1.65x | $-170.29 Million |
Industry Comparison
This section compares Thor Industries Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $436,146,010
- Average return on equity (ROE) among peers: 7.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thor Industries Inc (THO) | $4.31 Billion | 24.28% | 0.66x | $3.85 Billion |
| Brunswick Corporation (BC) | $2.04 Billion | 33.15% | 2.10x | $4.88 Billion |
| BRP Inc. (DOO) | $-26.67 Million | 0.00% | 0.00x | $2.22 Billion |
| EZGO Technologies Ltd (EZGO) | $13.15 Million | 1.12% | 0.51x | $1.75 Million |
| Forza X1 Inc (FRZA) | $13.70 Million | -26.33% | 0.04x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $1.84 Billion | 40.89% | 4.42x | $2.71 Billion |
| Kandi Technologies Group Inc (KNDI) | $406.51 Million | 0.00% | 0.22x | $94.58 Million |
| LCI Industries (LCII) | $84.10 Million | 20.45% | 0.85x | $2.40 Billion |
| Massimo Group Common Stock (MAMO) | $23.71 Million | 6.37% | 1.17x | $39.68 Million |
| Malibu Boats Inc (MBUU) | $-11.27 Million | 0.00% | 0.00x | $433.31 Million |
| MCBC Holdings Inc (MCFT) | $-23.72 Million | 0.00% | 0.00x | $349.85 Million |
About Thor Industries Inc
THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; conventional motorhomes; luxury fifth wheels; and motorcarav… Read more