Ferrari vs Thor Industries
Thor Industries is the larger business, with $9.61bn of revenue in fiscal 2026 against $8.08bn for Ferrari (1.2 times as much). Ferrari grew faster (11.8% against 0.3%). Ferrari kept more of each dollar of sales as profit: a net margin of 22.3% against 1.8%. Thor Industries carries less debt relative to equity (21.8% against 73.8%).
| Latest fiscal year | FerrariRACE, 2025 | Thor IndustriesTHO, 2026 |
|---|---|---|
| Revenue | $8.08bn | $9.61bn |
| Revenue growth | 11.8% | 0.3% |
| Net income | $1.81bn | $178m |
| Operating margin | 29.5% | — |
| Net margin | 22.3% | 1.8% |
| Return on equity | 43.8% | 4.2% |
| Free cash flow | $2.11bn | $169m |
| Cash | $1.72bn | $482m |
| Total debt | $3.38bn | $929m |
| Debt to equity | 73.8% | 21.8% |
| Dividend per share | — | $2.08 |
| Dividend yield | — | — |
| Share buybacks | — | $115m |
| Employees | — | 19,500 |
| Market value | $74.13bn | $4.03bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | — | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 2 sales |