Thor Industries Gross Margin %

: 17.34% (As of Apr. 2022)

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Gross Margin % is calculated as gross profit divided by its revenue. Thor Industries's Gross Profit for the three months ended in Apr. 2022 was $807 Mil. Thor Industries's Revenue for the three months ended in Apr. 2022 was $4,658 Mil. Therefore, Thor Industries's Gross Margin % for the quarter that ended in Apr. 2022 was 17.34%.

Warning Sign:

Thor Industries Inc gross margin has been in long-term decline. The average rate of decline per year is -1.2%.

The historical rank and industry rank for Thor Industries's Gross Margin % or its related term are showing as below:

THO' s Gross Margin % Range Over the Past 10 Years
Min: 12.1 Med: 13.8 Max: 17
Current: 17

During the past 13 years, the highest Gross Margin % of Thor Industries was 17.00%. The lowest was 12.10%. And the median was 13.80%.

THO's Gross Margin % is ranked worse than
58.07% of 1202 companies
in the Vehicles & Parts industry
Industry Median: 18.89 vs THO: 17.00

Thor Industries had a gross margin of 17.34% for the quarter that ended in Apr. 2022 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Thor Industries was -1.20% per year.

Thor Industries Gross Margin % Historical Data

The historical data trend for Thor Industries's Gross Margin % 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.

* Premium members only.

Thor Industries Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Gross Margin %

14.40

13.98

12.37

13.69

15.38

Thor Industries Quarterly Data
	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Gross Margin %																14.61	16.59	16.56	17.43	17.34

Competitive Comparison

For the Recreational Vehicles subindustry, Thor Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Annual Data Quarterly Data

Thor Industries Gross Margin % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Thor Industries's Gross Margin % falls into.

Thor Industries Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Thor Industries's Gross Margin for the fiscal year that ended in Jul. 2021 is calculated as

Gross Margin % (A: Jul. 2021 )	=	Gross Profit (A: Jul. 2021 )	/	Revenue (A: Jul. 2021 )
	=	1895	/	12317.38
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12317.38 - 10422.407)	/	12317.38
	=	15.38 %

Thor Industries's Gross Margin for the quarter that ended in Apr. 2022 is calculated as

Gross Margin % (Q: Apr. 2022 )	=	Gross Profit (Q: Apr. 2022 )	/	Revenue (Q: Apr. 2022 )
	=	807.4	/	4657.517
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4657.517 - 3850.072)	/	4657.517
	=	17.34 %

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.

Thor Industries (NYSE:THO) Gross Margin % Explanation

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 17.34% for the quarter that ended in Apr. 2022 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Thor Industries Gross Margin % Related Terms

Thank you for viewing the detailed overview of Thor Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thor Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thor Industries Inc (NYSE:THO) » Definitions » Gross Margin %

Comparable Companies

NYSE:HOG NYSE:LCII NYSE:BC NYSE:PII NYSE:WGO NAS:MBUU NAS:ONEW NAS:MCFT NYSE:MPX NAS:REE TSX:DOO SHSE:603129 XSWX:PMAG XPAR:TRI SHSE:603766 MIL:SL SHSE:603787 NZSE:THL XPAR:CATG OSTO:KABE B

Traded in Other Exchanges

0LF8:UK TIV:Germany TIV:Germany

Address

601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305

Website

https://www.thorindustries.com

Thor Industries Inc is an American manufacturer of recreational vehicles through its subsidiaries. The company reports through three segments: North American towable recreational vehicles, North American motorized recreational vehicles, and European recreational vehicles. The North American towable RV business segments operations by brand: Airstream, Heartland, Jayco, Keystone, and KZ. North American motorized RV does the same through the Airstream, Jayco, and Thor Motor Coach brands. Thor's European RV business consists solely of the Erwin Hymer Group, which manufactures both towable and recreational vehicles in Europe. EHG's operations include miscellaneous RV-related products and services. Across all segments, the firm distributes its RVs to independent dealers.

Executives

Gasper Trevor Q.	officer: VP, General Counsel and Sec.	601 EAST BEARDSLEY AVE. ELKHART IN 46514
Hennington Christina	director	1000 NICOLLET MALL MINNEAPOLIS MN 55403
Hurd Laurel	director	C/O NEWELL BRANDS INC. 6655 PEACHTREE DUNWOODY ROAD ATLANTA GA 30328
Kelley William J. Jr	director	USG CORPORATION 550 WEST ADAMS STREET CHICAGO IL 60661
Hjelmaker Josef	officer: Chief Innovation Officer	C/O THOR INDUSTRIES, INC. 601 E. BEARDSLEY AVE. ELKHART IN 46514-3305
James Troy	officer: SVP International Operations	C/O THOR INDUSTRIES, INC. 601 EAST BEARDSLEY AVENUE ELKHART IN 46514-3305
Huntington Amelia	director	C/O THOR INDUSTRIES, INC. 601 EAST BEARDSLEY AVE. ELKHART IN 46514-3305
Klein Christopher J	director	520 LAKE COOK ROAD DEERFIELD IL 60015
Ziemer James L	director	C/O HARLEY DAVIDSON 3700 W. JUNEAU AVE MILWAUKEE WI 53208
Siegel Alan	director	C/O THE WET SEAL, INC. 26972 BURBANK FOOTHILL RANCH CA 92610
Kosowsky J Allen	director	C/O THOR INDUSTRIES, INC. 419 WEST PIKE STREET JACKSON CENTER OH 45334-0629
Suwinski Jan	director	9450 SEWARD RD C/O OHIO CASUALTY GROUP FAIRFIELD OH 45014
Zuhl Colleen A	officer: VP & Chief Financial Officer	PO BOX 3300 ELKHART IN 46515
Woelfer W. Todd	officer: Sr. VP, Gen Counsel & Sec.	PO BOX 3300 ELKHART IN 46515
Graves Andrew E	director	BRUNSWICK CORPORATION 1 N FIELD COURT LAKE FOREST IL 60045