Thor Industries Inc (THO)
Net profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 265,308 | 374,271 | 1,137,800 | 659,872 | 222,974 |
| Revenue | US$ in thousands | 10,053,000 | 11,027,500 | 16,228,900 | 12,221,900 | 8,056,620 |
| Net profit margin | 2.64% | 3.39% | 7.01% | 5.40% | 2.77% |
July 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $265,308K ÷ $10,053,000K
= 2.64%
The net profit margin of Thor Industries Inc has fluctuated over the past five years. In the most recent fiscal year, ending July 31, 2024, the net profit margin stood at 2.64%, showing a decline compared to the previous year's figure of 3.39%. This decrease suggests that the company's profitability relative to its revenue has weakened.
Looking back further, the net profit margin was notably higher in fiscal year 2022 at 7.01%, indicating a strong profitability level. However, it experienced a decrease in fiscal year 2023 to 5.40%.
It is worth noting that in fiscal year 2020, Thor Industries Inc had a net profit margin of 2.77%, which was quite similar to the most recent figure. This may indicate some level of stability in profitability between these two years.
Overall, Thor Industries Inc's net profit margin has shown variability in recent years, with fluctuations reflecting changes in the company's efficiency in generating profits from its revenue. Monitoring this metric over time can provide insights into the company's operational performance and financial health.
Peer comparison
Jul 31, 2024