Risk Sleuth
THO · 10-K filed 22 Sep 2026 · year to 31 Jul 2026

Thor Industries

39 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

FreedomRoads, LLC

earns from · approximately 13.0% of our consolidated net salesnamed as a risk
Sales to FreedomRoads, LLC accounted for approximately 13.0% of our consolidated net sales for fiscal 2026.Risk factors (Item 1A)

Suppliers

General Motors

depends onnamed as a risk
Class C and Class B motorhomes are generally built on a Ford, General Motors or Mercedes-Benz small truck or van chassis, which includes an engine, drivetrain components and a finished cab section.Business (Item 1)

Also named by ALLY, AN, BRK/B, BWA, GNTX, LEA, UHAL/B

Stellantis

depends onnamed as a risk
They are generally built on a Stellantis, Mercedes-Benz, Volkswagen or Ford panel van chassis which includes an engine, drivetrain components and a finished cab section.Business (Item 1)

Also named by ACHR, ALLY, AN, BWA, LEA, MOD

Volkswagen

depends onnamed as a risk
They are generally built on a Stellantis, Mercedes-Benz, Volkswagen or Ford panel van chassis which includes an engine, drivetrain components and a finished cab section.Business (Item 1)

Also named by AN, BWA, LEA, MOD

Mercedes-Benz

depends onnamed as a risk
Class C and Class B motorhomes are generally built on a Ford, General Motors or Mercedes-Benz small truck or van chassis, which includes an engine, drivetrain components and a finished cab section.Business (Item 1)

Also named by AN, LEA, PAG

Ford

depends onnamed as a risk
Class C and Class B motorhomes are generally built on a Ford, General Motors or Mercedes-Benz small truck or van chassis, which includes an engine, drivetrain components and a finished cab section.Business (Item 1)

Also named by BWA, LEA

LCI Industries

depends onnamed as a risk
Certain key components are currently produced by only a small group of suppliers that have the capacity to supply large quantities, primarily (1) motorized chassis, where there are a limited number of chassis suppliers, and (2) doors, towable frames, slide-out mechanisms, axles and upholstered furniture for our recreational vehicles, where LCI Industries is a major supplier for these items within the North American RV industry.Risk factors (Item 1A)

Patrick Industries

depends onnamed as a risk
For example, in June 2026 Patrick Industries and LCI Industries, two of the largest component suppliers to the North American RV industry, announced a proposed merger which, if completed, would further increase supplier concentration within our industry.Risk factors (Item 1A)

Freightliner

depends onnamed as a risk
Within North America, Class A motorhomes, generally constructed on medium-duty truck chassis, are supplied complete with engine and drivetrain components by motor vehicle manufacturers such as Ford, Freightliner and The Shyft Group.Business (Item 1)

The Shyft Group

depends onnamed as a risk
Within North America, Class A motorhomes, generally constructed on medium-duty truck chassis, are supplied complete with engine and drivetrain components by motor vehicle manufacturers such as Ford, Freightliner and The Shyft Group.Business (Item 1)

Partners and platforms

Floor plan financial institutions

depends on · approximately 50%named as a risk
Two major floor plan financial institutions held approximately 50% of our products’ portion of our independent dealers’ total floored dollars outstanding at July 31, 2026.Risk factors (Item 1A)

Competitors

Forest River, Inc.

competes with
Our primary RV competitors within the North American Towable and North American Motorized segments are Forest River, Inc. and Winnebago Industries, Inc.Business (Item 1)

Also named by PATK

Winnebago Industries, Inc.

competes with
Our primary RV competitors within the North American Towable and North American Motorized segments are Forest River, Inc. and Winnebago Industries, Inc.Business (Item 1)

Trigano

competes with
Our primary RV competitors within the European Recreational Vehicle segment are Trigano, Hobby/Fendt, Knaus Tabbert and various vehicle manufacturers.Business (Item 1)

Knaus Tabbert

competes with
Our primary RV competitors within the European Recreational Vehicle segment are Trigano, Hobby/Fendt, Knaus Tabbert and various vehicle manufacturers.Business (Item 1)

Hobby/Fendt

competes with
Our primary RV competitors within the European Recreational Vehicle segment are Trigano, Hobby/Fendt, Knaus Tabbert and various vehicle manufacturers.Business (Item 1)

Places

Canada

earns from · approximately 39.4% of THOR’s consolidated salesnamed as a risk
Combined sales from the U.S. to foreign countries (predominantly Canada) and sales from our foreign subsidiaries to countries other than the U.S. (predominantly within the European Union) represented approximately 39.4% of THOR’s consolidated sales for fiscal 2026.Risk factors (Item 1A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

Europe

earns from · 34.3
The European Recreational Vehicles reportable segment consists solely of the EHG business.Business (Item 1)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Northern Indiana

concentrated innamed as a risk
A majority of our U.S. operations and a number of our key suppliers are located in northern Indiana, where a significant portion of the North American RV industry is concentrated.Risk factors (Item 1A)

Also named by NI

Commodities and inputs

Euro

exposed to its price · $325,768 of debt denominated in Eurosnamed as a risk
A hypothetical 10% change in the Euro/U.S. dollar exchange rate would change our July 31, 2026 debt balance by an estimated $32,577.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Canadian dollar

exposed to its pricenamed as a risk
Sales by our U.S.-based subsidiaries into the Canadian market are subject to currency risk as devaluation of the Canadian dollar versus the U.S. dollar may adversely affect U.S.-dollar denominated sales into Canada.Risk factors (Item 1A)

Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more

Aluminum

exposed to its pricenamed as a risk
The Company is subject to market risk from fluctuating market prices for certain purchased raw materials, including steel and aluminum, and we purchase component parts containing various commodities as well which are integrated into our manufactured products.Market risk (Item 7A)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Steel

exposed to its pricenamed as a risk
The Company is subject to market risk from fluctuating market prices for certain purchased raw materials, including steel and aluminum, and we purchase component parts containing various commodities as well which are integrated into our manufactured products.Market risk (Item 7A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

British Pound Sterling

exposed to its pricenamed as a risk
The Company’s principal currency exposures mainly relate to the Euro and British Pound Sterling.Market risk (Item 7A)

Also named by AMG, BGC, BKNG, CBRE, CTRE, FCFS, FDS, FIS and 31 more

Lumber

exposed to its pricenamed as a risk
Our manufacturing operations require substantial quantities of raw materials and component parts, including aluminum, lumber, petroleum-based products, chassis, electronics, appliances, furniture and other components.Risk factors (Item 1A)

Also named by BLDR, DHI, GHC, HD, HHH, KIM, LEN, LOW and 11 more

Semiconductor chips

depends onnamed as a risk
In the recent past, a number of our North American and European chassis suppliers experienced supply constraints of key components they required to manufacture chassis, including semiconductor chips, which limited their production of chassis.Risk factors (Item 1A)

Also named by AME, BWA, CTOS, CVLG, EQIX, GEV, RBRK, RMD

Motorized chassis

depends onnamed as a risk
While we are not dependent on any one supplier, we do depend on a consistent supply of chassis from a limited number of chassis suppliers.Business (Item 1)

Regulators

U.S. Environmental Protection Agency (EPA)

subject tonamed as a risk
We rely upon certifications obtained by chassis manufacturers with respect to compliance with applicable motorized vehicle emission control standards and work with chassis manufacturers to ensure they remain compliant with the United States Environmental Protection Agency (“EPA”) and state-specific requirements, including mandates on the production and sale of zero-emission vehicles and near-zero emission vehicles.Business (Item 1)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

National Highway Traffic Safety Administration (NHTSA)

subject to
We also comply with standards promulgated by the National Highway Traffic Safety Administration (“NHTSA”) in the U.S. and with similar standards within Canada as it relates to the safety of our products.Business (Item 1)

Also named by CTOS, DORM, F, GM, PATK, PCAR, PII, TSLA

RV Industry Association (RVIA)

subject to
We manufacture recreational vehicles in accordance with these standards and, in turn, are permitted to place an RVIA seal on each of our North American recreational vehicles to certify that the RVIA’s standards have been met.Business (Item 1)

Laws and programs

Dealer repurchase agreements

$3,315,731named as a risk
The Company’s total commercial commitments under standby repurchase obligations on dealer inventory financing as of July 31, 2026 and July 31, 2025 were $3,315,731 and $3,484,235, respectively.Business (Item 1)

U.S. tariffs

subject tonamed as a risk
In addition, the potential for the imposition of new or additional U.S. tariffs on imports as well as potential retaliatory tariffs or other measures other countries may impose on U.S. imports has increased under the current U.S. federal administration.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

General Data Protection Regulation (GDPR)

subject tonamed as a risk
The misuse, unauthorized disclosure or unauthorized access of information could result in a violation of privacy laws, including the European Union’s General Data Protection Regulation (“GDPR”) and laws applicable in North America and the United States, which could in turn have a significant, adverse effect on our results of operations, as a result of fines, remediation costs or other direct or indirect ramifications.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

PFAS restrictions

subject tonamed as a risk
PFAS are widely used in parts and materials that are incorporated into our products, and restrictions on PFAS may adversely affect our supply chain due to the potentially decreased availability, or unavailability, of PFAS-containing parts and materials.Risk factors (Item 1A)

Also named by ADI, ENTG, KLAC, PII

EU formaldehyde emission restrictions

subject tonamed as a risk
Recently adopted European Union restrictions establish formaldehyde emission limits for articles placed on the EU market after August 6, 2026 and for the interior of road vehicles placed on the EU market after August 6, 2027, and other jurisdictions, including the United States, impose similar formaldehyde emission standards on composite wood products.Risk factors (Item 1A)

California Air Resources Board Advanced Clean Truck and Advanced Clean Fleet Regulations

subject tonamed as a risk
The impacts of changing emissions and other related climate regulations (including revised emission standards applying to heavy-duty trucks by the EPA as well as zero-emission vehicle regulations such as the California Air Resources Board’s Advanced Clean Truck and Advanced Clean Fleet Regulations adopted in California and other U.S. jurisdictions) could result in different or more limited product offerings in those jurisdictions which may result in lower sales and significantly higher costs.Risk factors (Item 1A)

European Corporate Sustainability Reporting Directive

subject tonamed as a risk
Climate-related reporting regulations, such as the European Corporate Sustainability Reporting Directive and California SB 253/SB 261, in the various jurisdictions in which our products are produced, used and/or sold could result in additional material costs of compliance.Risk factors (Item 1A)

EU General Safety Regulation

subject to
Our European recreational vehicles are subject to the European Union's vehicle type-approval framework and related technical standards, including vehicle safety requirements under the EU General Safety Regulation.Business (Item 1)

Euro-denominated Term Loan B

To offset a portion of this currency risk, the EHG acquisition was partially funded through a Euro-denominated Term Loan B, which provides an economic hedge.Risk factors (Item 1A)