Thor Industries's gross profit for the
three
months ended in Oct. 2024 was $281 Mil. Thor Industries's gross profit for the trailing twelve months (TTM) ended in Oct. 2024 was $1,375 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Thor Industries's gross profit for the
three
months ended in Oct. 2024 was $281 Mil. Thor Industries's Revenue for the
three
months ended in Oct. 2024 was $2,143 Mil. Therefore, Thor Industries's Gross Margin % for the quarter that ended in Oct. 2024 was 13.13%.
Thor Industries had a gross margin of 13.13% for the quarter that ended in Oct. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Thor Industries was 17.20%. The lowest was 12.37%. And the median was 14.38%.
Thor Industries Gross Profit Historical Data
The historical data trend for Thor Industries's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Thor Industries's Gross Profit
For the Recreational Vehicles subindustry, Thor Industries's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thor Industries's Gross Profit Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Gross Profit distribution charts can be found below:
* The bar in red indicates where Thor Industries's Gross Profit falls into.
Thor Industries Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Thor Industries's Gross Profit for the fiscal year that ended in Jul. 2024 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,375 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Thor Industries had a gross margin of 13.13% for the quarter that ended in Oct. 2024 => No sustainable competitive advantage
Thor Industries Gross Profit Related Terms
Thank you for viewing the detailed overview of Thor Industries's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
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