We Expect Thor to Remain at the Top of the RV Industry

Founded in 1980 via the acquisition of Airstream, Thor Industries has grown to become the world’s largest recreational vehicle manufacturer. The company fabricates and sells a wide array of vehicles through three segments: North American towables, North American motorized, and Europe. Additionally, the company sells aftermarket component parts and digital solutions that are classified within its other segment. During fiscal 2025, the company generated 40% of revenue from North American towables, 23% of sales from North American motorized segment, 32% of sales from Europe, and the remaining from parts.