How Thor Industries makes money

Period

FY2026

How does Thor Industries make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Thor Industries Inc. · FY2026 · year ended 2026-07-31

Revenue$9.6BGross profit$1.2B · 13%Cost of revenue$8.4B · 87%Operating income$268M · 3%Operating expenses$945M · 10%R&D$42M · 0%SG&A$903M · 9%Net income$178M · 2%Income tax$64M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.