← BackTHOR INDUSTRIES INC · Motor HomesTHO
Low riskNext report: Around Dec 2 (est.)
The short versionA profitable company with shrinking sales.
Going well
- Profitable every year for 10 years
- Brings in more cash than it spends
- Buying back shares: share count down 3.4% in 3 years
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 2.4% to their holdings in the quarter ending June 2026 (174 bought, 218 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$70.16+0.1% that day
- Company value
- $3.6B
- Share price times all shares
- Price vs profit (P/E)
- 20.6x
- You pay about $21 for each $1 of yearly profit
- Price vs sales
- 0.38x
- Company value is 0.38 times a year of sales
- Dividend yield
- 2.9%
- Yearly dividend as a share of today's price
- Cash vs value
- 13%
- Cash as a share of company value
- Debt vs value
- 24%
- Debt as a share of company value
From THO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jul '26 (worked out from yearly totals)$2.3B-8.4% vs a year earlier
Oct '23Tap a barJul '26
Last 12 months: $9.6B, up 0.3% from the 12 months before. Over 5 years, sales grew about 3.2% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.6.2%
- PassDebt under half of equityNot relying on borrowed money.0.20x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.7%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$577.9M
- PassShare count not growingNot diluting owners. Falling means buybacks.-3.4% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.14.0%
- Revenue
- $9.6B
- -4.6% vs prior year
- 5-year growth
- +3.2%/yr
- revenue, per year
- Total debt
- $880.7M
- 0.20x equity
- Current ratio
- 1.76x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jul 31, 2026- Revenue
- $2.3B
- -8.4% YoY
- EPS
- $0.79
- vs $2.35
- Gross margin
- 12.4%
- -2.3 pts
- Free cash flow
- $244.2M
- Share count
- -1.9%
- vs a year ago
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 2.1
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+2.4%Institutions added 2.4% to their holdings. 174 bought, 218 sold. 2 quarters of net buying in a row.
Shares held by institutions55.2M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-1.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.2x · $868.0M debtShares outstandingLatest reported
52MNext reportAround Dec 2 (est.)Estimated from the same quarter last year
- Results filedSep 22
- Results filedJun 3
- Results filedMar 3
- Results filedDec 3, 2025
- Results filedSep 24, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardChristopher J KleinDirector
2,912 shares
- +26% of holdings
- Now owns 14,314 shares
- Filed 2 days after trade
Stock awardPeter Busch OrthweinDirector
2,912 shares
- +0% of holdings
- Now owns 902,145 shares
- Filed 2 days after trade
Stock awardW. Todd WoelferSVP, CHIEF OPERATING OFFICER
27,038 shares
- +28% of holdings
- Now owns 123,854 shares
- 2 transactions
- Filed 2 days after trade
- Also: Shares withheld for taxes
Stock awardAndrew E GravesDirector
2,912 shares
- +12% of holdings
- Now owns 27,526 shares
- Filed 2 days after trade
Stock awardChristina HenningtonDirector
2,912 shares
- +44% of holdings
- Now owns 9,478 shares
- Filed 2 days after trade
Stock awardAmelia HuntingtonDirector
2,912 shares
- +27% of holdings
- Now owns 13,761 shares
- Filed 2 days after trade