NIO vs Thor Industries
NIO is the larger business, with $12.17bn of revenue in fiscal 2025 against $9.61bn for Thor Industries (1.3 times as much). NIO grew faster (33.3% against 0.3%). Thor Industries kept more of each dollar of sales as profit: a net margin of 1.8% against -17.8%. Thor Industries carries less debt relative to equity (21.8% against 336.0%).
| Latest fiscal year | NIONIO, 2025 | Thor IndustriesTHO, 2026 |
|---|---|---|
| Revenue | $12.17bn | $9.61bn |
| Revenue growth | 33.3% | 0.3% |
| Net income | −$2.17bn | $178m |
| Operating margin | -16.0% | — |
| Net margin | -17.8% | 1.8% |
| Return on equity | — | 4.2% |
| Free cash flow | −$428m | $169m |
| Cash | $1.61bn | $482m |
| Total debt | $2.00bn | $929m |
| Debt to equity | 336.0% | 21.8% |
| Dividend per share | — | $2.08 |
| Dividend yield | — | — |
| Share buybacks | — | $115m |
| Employees | — | 19,500 |
| Market value | $7.92bn | $4.03bn |
| Price vs our value range | — | Below our value range |
| Moat score | — | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 2 sales |