Thor Industries annual operating margin
2022
2023
2024
2025
Thor Industries Operating Margin Growth & History (THO)
Thor Industries's operating margin was 3.12% for fiscal 2025.
View full Thor Industries company overviewThor Industries annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-07-31 | 3.12% | −1.10 pp |
| 2024 | 2024-07-31 | 4.22% | −1.04 pp |
| 2023 | 2023-07-31 | 5.26% | −4.13 pp |
| 2022 | 2022-07-31 | 9.40% | — |
Thor Industries quarterly operating margin
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-04-30 | 3.45% | −2.60 pp |
| Q2 2026 | 2026-01-31 | 0.54% | — |
| Q1 2026 | 2025-10-31 | 1.63% | — |
| Q4 2025 | 2025-07-31 | 4.07% | — |
| Q3 2025 | 2025-04-30 | 6.05% | — |
Thor Industries operating margin trends
Between the periods ended 2022-07-31 and 2025-07-31, Thor Industries's operating margin decreased from 9.40% to 3.12%, a change of −6.27 percentage points. The latest reported quarter, Q3 2026, shows 3.45%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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