# Recreational Vehicles — company-by-company sector analysis

> Recreational Vehicles: THOR Industries, Inc. owns the largest revenue base; BRP Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Recreational Vehicles has underperformed S&P 500 by 3.9% over 52 weeks and 3.7% over 13 weeks. 2 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 10 beat the sector itself. THOR Industries, Inc. leads with revenue of $9,821 million, based on 6 of 10 comparable companies through Jun 2026.

## Sector relative strength

Recreational Vehicles has underperformed S&P 500 by 3.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.7%. 2 of 10 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Polaris Inc. is the strongest against the sector itself at +12.6%.

13-week sector return versus NIFTY 500: -3.7%
52-week sector return versus NIFTY 500: -3.9%
Stocks leading NIFTY: 2/10
Stocks leading sector: 4/10

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 10
Combined market value: ₹29.4K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. BRP Inc. (DOO): 72/100 — Favorable setup; evidence 81%
   - Growth & earnings 30.0/35 | Capital efficiency 16.6/25 | Valuation 14.8/20 | Relative strength 10.4/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 30 + 16.6 + 14.8 + 10.4 = 71.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Polaris Inc. (PII): 56/100 — Thin evidence · provisional; evidence 56%
   - Growth & earnings 20.2/35 | Capital efficiency 10.4/25 | Valuation 8.8/20 | Relative strength 16.6/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 20.2 + 10.4 + 8.8 + 16.6 = 56
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3. LCI Industries (LCII): 55/100 — Mixed-positive evidence; evidence 66%
   - Growth & earnings 21.8/35 | Capital efficiency 13.5/25 | Valuation 16.5/20 | Relative strength 3.0/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 21.8 + 13.5 + 16.5 + 3 = 54.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Brunswick Corporation (BC): 51/100 — Thin evidence · provisional; evidence 56%
   - Growth & earnings 19.4/35 | Capital efficiency 11.7/25 | Valuation 8.5/20 | Relative strength 11.7/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 19.4 + 11.7 + 8.5 + 11.7 = 51.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5. Harley-Davidson, Inc. (HOG): 49/100 — Thin evidence · provisional; evidence 56%
   - Growth & earnings 15.4/35 | Capital efficiency 8.0/25 | Valuation 11.2/20 | Relative strength 14.6/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 15.4 + 8 + 11.2 + 14.6 = 49.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6. THOR Industries, Inc. (THO): 46/100 — Mixed-negative evidence; evidence 81%
   - Growth & earnings 13.0/35 | Capital efficiency 10.7/25 | Valuation 15.4/20 | Relative strength 6.4/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 13 + 10.7 + 15.4 + 6.4 = 45.5
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
7. Patrick Industries, Inc. (PATK): 43/100 — Thin evidence · provisional; evidence 56%
   - Growth & earnings 18.1/35 | Capital efficiency 13.0/25 | Valuation 10.2/20 | Relative strength 1.5/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 18.1 + 13 + 10.2 + 1.5 = 42.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8. Winnebago Industries, Inc. (WGO): 38/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 14.5/35 | Capital efficiency 7.9/25 | Valuation 10.5/20 | Relative strength 5.0/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 14.5 + 7.9 + 10.5 + 5 = 37.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9. MasterCraft Boat Holdings, Inc. (MCFT): 50/100 — Thin evidence · provisional; evidence 50%
   - Growth & earnings 17.6/35 | Capital efficiency 6.8/25 | Valuation 9.5/20 | Relative strength 15.7/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 17.6 + 6.8 + 9.5 + 15.7 = 49.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
10. Malibu Boats, Inc. (MBUU): 37/100 — Thin evidence · provisional; evidence 45%
   - Growth & earnings 12.5/35 | Capital efficiency 6.6/25 | Valuation 9.2/20 | Relative strength 9.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 12.5 + 6.6 + 9.2 + 9 = 37.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Brunswick Corporation has the strongest one-year price move in Recreational Vehicles at +46.5%. Polaris Inc. leads on Mansfield relative strength against the S&P 500 at +3.5%. 2 of 10 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Brunswick Corporation (BC): 47%
2. Polaris Inc. (PII): 43%
3. MasterCraft Boat Holdings, Inc. (MCFT): 30%
4. BRP Inc. (DOO): 26%
5. LCI Industries (LCII): 13%

### Strongest relative strength versus NIFTY 500
1. Polaris Inc. (PII): 3.5%
2. MasterCraft Boat Holdings, Inc. (MCFT): 3.1%
3. Brunswick Corporation (BC): -0.2%
4. Harley-Davidson, Inc. (HOG): -0.9%
5. Malibu Boats, Inc. (MBUU): -10%

## Revenue Scale & Growth Durability

What the numbers say: THOR Industries, Inc. is the scale leader at $9,821 million, 9.3% ahead of BRP Inc.. BRP Inc.'s growth is 16% from a $8,987 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: THOR Industries, Inc. is the scale benchmark; BRP Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: THOR Industries, Inc.'s growth falls below BRP Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: THOR Industries, Inc. · $9,821 million | 9.3% versus #2 · BRP Inc. | 3/8 recent comparable periods | 6/10 companies · 178 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. THOR Industries, Inc. (THO): ₹9.8K Cr
2. BRP Inc. (DOO): ₹9.0K Cr
3. LCI Industries (LCII): ₹4.2K Cr — older report
4. Winnebago Industries, Inc. (WGO): ₹2.8K Cr
5. Malibu Boats, Inc. (MBUU): ₹827 Cr — older report

### Revenue growth — fastest growers
1. BRP Inc. (DOO): 16%
2. MasterCraft Boat Holdings, Inc. (MCFT): 16% — older report
3. LCI Industries (LCII): 9.1% — older report
4. Malibu Boats, Inc. (MBUU): 8.8% — older report
5. Winnebago Industries, Inc. (WGO): 3.4%

### 20-quarter Revenue history
- BC: Dec 2021 ₹1.4K Cr | Mar 2022 — | Jun 2022 ₹1.7K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 — | Jun 2023 ₹1.7K Cr | Sep 2023 ₹1.7K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.4K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 — | Jun 2026 ₹1.4K Cr | Sep 2026 —
- DOO: Dec 2021 ₹1.6K Cr | Mar 2022 ₹2.3K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹2.4K Cr | Dec 2022 ₹2.7K Cr | Mar 2023 ₹3.1K Cr | Jun 2023 ₹2.4K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹2.4K Cr | Mar 2024 ₹2.6K Cr | Jun 2024 ₹2.0K Cr | Sep 2024 ₹1.8K Cr | Dec 2024 ₹2.0K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹1.8K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹2.5K Cr | Jun 2026 ₹2.4K Cr | Sep 2026 —
- PII: Dec 2021 ₹2.0K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 ₹2.1K Cr | Sep 2022 ₹2.3K Cr | Dec 2022 ₹2.4K Cr | Mar 2023 ₹2.2K Cr | Jun 2023 ₹2.2K Cr | Sep 2023 ₹2.2K Cr | Dec 2023 ₹2.3K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹2.0K Cr | Sep 2024 ₹1.7K Cr | Dec 2024 ₹1.8K Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹1.8K Cr | Dec 2025 ₹1.9K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 ₹4.0K Cr | Mar 2022 ₹3.9K Cr | Jun 2022 ₹4.7K Cr | Sep 2022 ₹3.8K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 ₹2.3K Cr | Jun 2023 ₹2.9K Cr | Sep 2023 ₹2.7K Cr | Dec 2023 ₹2.5K Cr | Mar 2024 ₹2.2K Cr | Jun 2024 ₹2.8K Cr | Sep 2024 ₹2.5K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹2.0K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹2.5K Cr | Dec 2025 ₹2.4K Cr | Mar 2026 ₹2.1K Cr | Jun 2026 ₹2.8K Cr | Sep 2026 —
- LCII: Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹894 Cr | Mar 2023 ₹973 Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹959 Cr | Dec 2023 ₹838 Cr | Mar 2024 ₹968 Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹915 Cr | Dec 2024 ₹803 Cr | Mar 2025 ₹1.0K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.0K Cr | Dec 2025 ₹933 Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 ₹1.1K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹952 Cr | Mar 2023 — | Jun 2023 ₹900 Cr | Sep 2023 ₹921 Cr | Dec 2023 ₹866 Cr | Mar 2024 ₹933 Cr | Jun 2024 ₹1.0K Cr | Sep 2024 ₹919 Cr | Dec 2024 ₹846 Cr | Mar 2025 ₹1.0K Cr | Jun 2025 ₹1.0K Cr | Sep 2025 ₹976 Cr | Dec 2025 ₹924 Cr | Mar 2026 ₹997 Cr | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 ₹1.0K Cr | Mar 2022 ₹1.5K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.6K Cr | Dec 2022 ₹1.1K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹1.4K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.7K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹688 Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.3K Cr | Dec 2025 ₹496 Cr | Mar 2026 ₹1.2K Cr | Jun 2026 — | Sep 2026 —
- WGO: Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹952 Cr | Mar 2023 ₹867 Cr | Jun 2023 ₹901 Cr | Sep 2023 ₹771 Cr | Dec 2023 ₹763 Cr | Mar 2024 ₹704 Cr | Jun 2024 ₹786 Cr | Sep 2024 ₹721 Cr | Dec 2024 ₹626 Cr | Mar 2025 ₹620 Cr | Jun 2025 ₹775 Cr | Sep 2025 ₹777 Cr | Dec 2025 ₹703 Cr | Mar 2026 ₹657 Cr | Jun 2026 ₹699 Cr | Sep 2026 —
- MCFT: Dec 2021 ₹131 Cr | Mar 2022 ₹144 Cr | Jun 2022 ₹169 Cr | Sep 2022 — | Dec 2022 ₹170 Cr | Mar 2023 ₹159 Cr | Jun 2023 ₹167 Cr | Sep 2023 — | Dec 2023 ₹94 Cr | Mar 2024 ₹84 Cr | Jun 2024 ₹54 Cr | Sep 2024 ₹65 Cr | Dec 2024 ₹63 Cr | Mar 2025 ₹76 Cr | Jun 2025 ₹80 Cr | Sep 2025 ₹69 Cr | Dec 2025 ₹72 Cr | Mar 2026 ₹78 Cr | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 ₹264 Cr | Mar 2022 ₹344 Cr | Jun 2022 ₹353 Cr | Sep 2022 ₹302 Cr | Dec 2022 ₹339 Cr | Mar 2023 ₹375 Cr | Jun 2023 ₹372 Cr | Sep 2023 ₹256 Cr | Dec 2023 ₹211 Cr | Mar 2024 ₹203 Cr | Jun 2024 ₹159 Cr | Sep 2024 ₹172 Cr | Dec 2024 ₹200 Cr | Mar 2025 ₹229 Cr | Jun 2025 ₹207 Cr | Sep 2025 ₹195 Cr | Dec 2025 ₹189 Cr | Mar 2026 ₹236 Cr | Jun 2026 — | Sep 2026 —

### 20-quarter Revenue growth history
- BC: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 18% | Dec 2022 19% | Mar 2023 — | Jun 2023 2.8% | Sep 2023 -7.3% | Dec 2023 -20% | Mar 2024 — | Jun 2024 -17% | Sep 2024 -25% | Dec 2024 -15% | Mar 2025 -10% | Jun 2025 0.2% | Sep 2025 6.8% | Dec 2025 16% | Mar 2026 — | Jun 2026 -4.8% | Sep 2026 —
- DOO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 28% | Dec 2022 71% | Mar 2023 31% | Jun 2023 34% | Sep 2023 14% | Dec 2023 -12% | Mar 2024 -15% | Jun 2024 -18% | Sep 2024 -35% | Dec 2024 -17% | Mar 2025 -19% | Jun 2025 -7.7% | Sep 2025 4.3% | Dec 2025 14% | Mar 2026 16% | Jun 2026 30% | Sep 2026 —
- PII: Dec 2021 — | Mar 2022 — | Jun 2022 8.0% | Sep 2022 32% | Dec 2022 21% | Mar 2023 22% | Jun 2023 7.5% | Sep 2023 -3.9% | Dec 2023 -4.8% | Mar 2024 -20% | Jun 2024 -12% | Sep 2024 -23% | Dec 2024 -23% | Mar 2025 -12% | Jun 2025 -5.5% | Sep 2025 7.0% | Dec 2025 9.5% | Mar 2026 8.0% | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 6.4% | Dec 2022 -21% | Mar 2023 -39% | Jun 2023 -37% | Sep 2023 -28% | Dec 2023 -20% | Mar 2024 -6.0% | Jun 2024 -4.4% | Sep 2024 -7.5% | Dec 2024 -14% | Mar 2025 -8.6% | Jun 2025 3.4% | Sep 2025 -0.4% | Dec 2025 11% | Mar 2026 5.4% | Jun 2026 -3.9% | Sep 2026 —
- LCII: Dec 2021 — | Mar 2022 — | Jun 2022 40% | Sep 2022 -2.8% | Dec 2022 -26% | Mar 2023 -41% | Jun 2023 -34% | Sep 2023 -15% | Dec 2023 -6.3% | Mar 2024 -0.5% | Jun 2024 3.9% | Sep 2024 -4.6% | Dec 2024 -4.2% | Mar 2025 8.1% | Jun 2025 4.9% | Sep 2025 13% | Dec 2025 16% | Mar 2026 4.3% | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 — | Mar 2022 — | Jun 2022 45% | Sep 2022 4.9% | Dec 2022 -17% | Mar 2023 — | Jun 2023 -39% | Sep 2023 -17% | Dec 2023 -9.0% | Mar 2024 — | Jun 2024 13% | Sep 2024 -0.2% | Dec 2024 -2.3% | Mar 2025 7.5% | Jun 2025 3.1% | Sep 2025 6.2% | Dec 2025 9.2% | Mar 2026 -0.6% | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 — | Mar 2022 — | Jun 2022 -4.1% | Sep 2022 21% | Dec 2022 12% | Mar 2023 20% | Jun 2023 -1.6% | Sep 2023 -6.1% | Dec 2023 -7.8% | Mar 2024 -3.3% | Jun 2024 12% | Sep 2024 -26% | Dec 2024 -35% | Mar 2025 -23% | Jun 2025 -19% | Sep 2025 17% | Dec 2025 -28% | Mar 2026 -12% | Jun 2026 — | Sep 2026 —
- WGO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 14% | Dec 2022 -18% | Mar 2023 -26% | Jun 2023 -38% | Sep 2023 -35% | Dec 2023 -20% | Mar 2024 -19% | Jun 2024 -13% | Sep 2024 -6.5% | Dec 2024 -18% | Mar 2025 -12% | Jun 2025 -1.4% | Sep 2025 7.8% | Dec 2025 12% | Mar 2026 6.0% | Jun 2026 -9.8% | Sep 2026 —
- MCFT: Dec 2021 — | Mar 2022 — | Jun 2022 8.3% | Sep 2022 — | Dec 2022 30% | Mar 2023 10% | Jun 2023 -1.2% | Sep 2023 — | Dec 2023 -45% | Mar 2024 -47% | Jun 2024 -68% | Sep 2024 — | Dec 2024 -33% | Mar 2025 -9.5% | Jun 2025 48% | Sep 2025 6.2% | Dec 2025 14% | Mar 2026 2.6% | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 — | Mar 2022 — | Jun 2022 27% | Sep 2022 19% | Dec 2022 28% | Mar 2023 9.0% | Jun 2023 5.4% | Sep 2023 -15% | Dec 2023 -38% | Mar 2024 -46% | Jun 2024 -57% | Sep 2024 -33% | Dec 2024 -5.2% | Mar 2025 13% | Jun 2025 30% | Sep 2025 13% | Dec 2025 -5.5% | Mar 2026 3.1% | Jun 2026 — | Sep 2026 —

## Operating Economics & Margin Trend

What the numbers say: BRP Inc. leads both opm at 9.4% and margin change at +4.3 percentage points.

Investor read: BRP Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: BRP Inc. · 9.4% | 8% versus #2 · LCI Industries | 2/8 recent comparable periods | 10/10 companies · 178 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. BRP Inc. (DOO): 9.4%
2. LCI Industries (LCII): 8.7% — older report
3. Patrick Industries, Inc. (PATK): 6.5%
4. Brunswick Corporation (BC): 3.6%
5. THOR Industries, Inc. (THO): 3.5%

### Margin change — fastest expanders
1. BRP Inc. (DOO): +4.3 pp
2. LCI Industries (LCII): +0.9 pp — older report
3. Patrick Industries, Inc. (PATK): 0.0 pp
4. Polaris Inc. (PII): 0.0 pp
5. Winnebago Industries, Inc. (WGO): −0.6 pp

### 20-quarter OPM history
- BC: Dec 2021 15% | Mar 2022 — | Jun 2022 14% | Sep 2022 15% | Dec 2022 14% | Mar 2023 — | Jun 2023 14% | Sep 2023 11% | Dec 2023 8.0% | Mar 2024 8.1% | Jun 2024 11% | Sep 2024 7.7% | Dec 2024 -4.8% | Mar 2025 4.6% | Jun 2025 7.1% | Sep 2025 -18% | Dec 2025 3.1% | Mar 2026 — | Jun 2026 3.6% | Sep 2026 —
- DOO: Dec 2021 12% | Mar 2022 15% | Jun 2022 11% | Sep 2022 14% | Dec 2022 14% | Mar 2023 14% | Jun 2023 12% | Sep 2023 14% | Dec 2023 15% | Mar 2024 13% | Jun 2024 9.5% | Sep 2024 6.7% | Dec 2024 7.1% | Mar 2025 4.9% | Jun 2025 5.1% | Sep 2025 4.8% | Dec 2025 9.0% | Mar 2026 0.5% | Jun 2026 9.4% | Sep 2026 —
- PII: Dec 2021 8.0% | Mar 2022 5.6% | Jun 2022 9.4% | Sep 2022 11% | Dec 2022 11% | Mar 2023 7.4% | Jun 2023 8.8% | Sep 2023 8.9% | Dec 2023 6.2% | Mar 2024 2.2% | Jun 2024 6.1% | Sep 2024 3.8% | Dec 2024 3.7% | Mar 2025 -2.4% | Jun 2025 -0.7% | Sep 2025 1.1% | Dec 2025 -1.7% | Mar 2026 -2.4% | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 8.2% | Mar 2022 9.4% | Jun 2022 10% | Sep 2022 9.3% | Dec 2022 6.7% | Mar 2023 1.7% | Jun 2023 6.4% | Sep 2023 5.5% | Dec 2023 4.3% | Mar 2024 0.8% | Jun 2024 5.8% | Sep 2024 5.3% | Dec 2024 0.5% | Mar 2025 0.5% | Jun 2025 6.1% | Sep 2025 4.1% | Dec 2025 1.6% | Mar 2026 0.5% | Jun 2026 3.5% | Sep 2026 —
- LCII: Dec 2021 9.4% | Mar 2022 16% | Jun 2022 14% | Sep 2022 7.7% | Dec 2022 -2.6% | Mar 2023 2.1% | Jun 2023 5.4% | Sep 2023 4.8% | Dec 2023 0.3% | Mar 2024 6.0% | Jun 2024 8.6% | Sep 2024 5.9% | Dec 2024 2.0% | Mar 2025 7.8% | Jun 2025 7.9% | Sep 2025 7.3% | Dec 2025 3.8% | Mar 2026 8.7% | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 8.3% | Mar 2022 12% | Jun 2022 12% | Sep 2022 8.3% | Dec 2022 7.1% | Mar 2023 — | Jun 2023 6.2% | Sep 2023 8.2% | Dec 2023 8.2% | Mar 2024 6.4% | Jun 2024 8.3% | Sep 2024 8.1% | Dec 2024 4.7% | Mar 2025 6.5% | Jun 2025 8.3% | Sep 2025 6.8% | Dec 2025 6.2% | Mar 2026 6.5% | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 -0.7% | Mar 2022 19% | Jun 2022 19% | Sep 2022 21% | Dec 2022 0.3% | Mar 2023 21% | Jun 2023 15% | Sep 2023 14% | Dec 2023 -2.0% | Mar 2024 15% | Jun 2024 15% | Sep 2024 9.2% | Dec 2024 -28% | Mar 2025 12% | Jun 2025 8.6% | Sep 2025 35% | Dec 2025 -73% | Mar 2026 2.0% | Jun 2026 — | Sep 2026 —
- WGO: Dec 2021 13% | Mar 2022 12% | Jun 2022 12% | Sep 2022 11% | Dec 2022 9.0% | Mar 2023 8.9% | Jun 2023 8.9% | Sep 2023 7.5% | Dec 2023 5.1% | Mar 2024 5.0% | Jun 2024 5.5% | Sep 2024 -2.5% | Dec 2024 -0.1% | Mar 2025 1.3% | Jun 2025 3.9% | Sep 2025 2.6% | Dec 2025 2.0% | Mar 2026 1.8% | Jun 2026 3.3% | Sep 2026 —
- MCFT: Dec 2021 13% | Mar 2022 16% | Jun 2022 19% | Sep 2022 — | Dec 2022 19% | Mar 2023 17% | Jun 2023 17% | Sep 2023 — | Dec 2023 11% | Mar 2024 8.0% | Jun 2024 -1.1% | Sep 2024 1.5% | Dec 2024 0.3% | Mar 2025 5.4% | Jun 2025 7.5% | Sep 2025 5.5% | Dec 2025 3.8% | Mar 2026 -1.7% | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 15% | Mar 2022 21% | Jun 2022 19% | Sep 2022 16% | Dec 2022 14% | Mar 2023 19% | Jun 2023 -6.1% | Sep 2023 11% | Dec 2023 7.0% | Mar 2024 -37% | Jun 2024 -15% | Sep 2024 -3.3% | Dec 2024 1.6% | Mar 2025 7.6% | Jun 2025 3.3% | Sep 2025 -0.4% | Dec 2025 -1.9% | Mar 2026 -0.8% | Jun 2026 — | Sep 2026 —

### 20-quarter Margin change history
- BC: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −0.6 pp | Mar 2023 — | Jun 2023 −0.6 pp | Sep 2023 −3.8 pp | Dec 2023 −6.0 pp | Mar 2024 — | Jun 2024 −2.5 pp | Sep 2024 −3.7 pp | Dec 2024 −12.8 pp | Mar 2025 −3.5 pp | Jun 2025 −3.9 pp | Sep 2025 −25.5 pp | Dec 2025 +7.9 pp | Mar 2026 — | Jun 2026 −3.5 pp | Sep 2026 —
- DOO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.6 pp | Dec 2022 +2.5 pp | Mar 2023 −0.6 pp | Jun 2023 +0.6 pp | Sep 2023 −0.6 pp | Dec 2023 +0.9 pp | Mar 2024 −1.6 pp | Jun 2024 −2.1 pp | Sep 2024 −6.9 pp | Dec 2024 −8.0 pp | Mar 2025 −7.7 pp | Jun 2025 −4.4 pp | Sep 2025 −1.9 pp | Dec 2025 +1.9 pp | Mar 2026 −4.4 pp | Jun 2026 +4.3 pp | Sep 2026 —
- PII: Dec 2021 — | Mar 2022 — | Jun 2022 −1.6 pp | Sep 2022 +2.0 pp | Dec 2022 +2.7 pp | Mar 2023 +1.8 pp | Jun 2023 −0.6 pp | Sep 2023 −2.0 pp | Dec 2023 −4.5 pp | Mar 2024 −5.2 pp | Jun 2024 −2.7 pp | Sep 2024 −5.1 pp | Dec 2024 −2.5 pp | Mar 2025 −4.6 pp | Jun 2025 −6.8 pp | Sep 2025 −2.7 pp | Dec 2025 −5.4 pp | Mar 2026 0.0 pp | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 −1.5 pp | Mar 2023 −7.7 pp | Jun 2023 −4.0 pp | Sep 2023 −3.8 pp | Dec 2023 −2.4 pp | Mar 2024 −0.9 pp | Jun 2024 −0.6 pp | Sep 2024 −0.2 pp | Dec 2024 −3.8 pp | Mar 2025 −0.3 pp | Jun 2025 +0.3 pp | Sep 2025 −1.2 pp | Dec 2025 +1.1 pp | Mar 2026 0.0 pp | Jun 2026 −2.6 pp | Sep 2026 —
- LCII: Dec 2021 — | Mar 2022 — | Jun 2022 +5.6 pp | Sep 2022 +0.1 pp | Dec 2022 −12.0 pp | Mar 2023 −14.3 pp | Jun 2023 −8.8 pp | Sep 2023 −2.9 pp | Dec 2023 +2.9 pp | Mar 2024 +3.9 pp | Jun 2024 +3.2 pp | Sep 2024 +1.1 pp | Dec 2024 +1.7 pp | Mar 2025 +1.8 pp | Jun 2025 −0.7 pp | Sep 2025 +1.4 pp | Dec 2025 +1.8 pp | Mar 2026 +0.9 pp | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 — | Mar 2022 — | Jun 2022 +2.5 pp | Sep 2022 −0.5 pp | Dec 2022 −1.2 pp | Mar 2023 — | Jun 2023 −5.6 pp | Sep 2023 −0.1 pp | Dec 2023 +1.1 pp | Mar 2024 — | Jun 2024 +2.1 pp | Sep 2024 −0.1 pp | Dec 2024 −3.5 pp | Mar 2025 +0.1 pp | Jun 2025 0.0 pp | Sep 2025 −1.3 pp | Dec 2025 +1.5 pp | Mar 2026 0.0 pp | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 — | Mar 2022 — | Jun 2022 +0.6 pp | Sep 2022 +5.5 pp | Dec 2022 +1.0 pp | Mar 2023 +1.4 pp | Jun 2023 −3.6 pp | Sep 2023 −7.0 pp | Dec 2023 −2.3 pp | Mar 2024 −5.5 pp | Jun 2024 −0.4 pp | Sep 2024 −4.3 pp | Dec 2024 −26.1 pp | Mar 2025 −3.1 pp | Jun 2025 −6.3 pp | Sep 2025 +26.2 pp | Dec 2025 −44.7 pp | Mar 2026 −10.1 pp | Jun 2026 — | Sep 2026 —
- WGO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.1 pp | Dec 2022 −3.7 pp | Mar 2023 −2.8 pp | Jun 2023 −3.2 pp | Sep 2023 −3.0 pp | Dec 2023 −3.9 pp | Mar 2024 −3.9 pp | Jun 2024 −3.4 pp | Sep 2024 −10.0 pp | Dec 2024 −5.2 pp | Mar 2025 −3.7 pp | Jun 2025 −1.6 pp | Sep 2025 +5.1 pp | Dec 2025 +2.1 pp | Mar 2026 +0.5 pp | Jun 2026 −0.6 pp | Sep 2026 —
- MCFT: Dec 2021 — | Mar 2022 — | Jun 2022 +3.9 pp | Sep 2022 — | Dec 2022 +6.5 pp | Mar 2023 +0.2 pp | Jun 2023 −1.3 pp | Sep 2023 — | Dec 2023 −7.8 pp | Mar 2024 −8.6 pp | Jun 2024 −18.5 pp | Sep 2024 — | Dec 2024 −10.9 pp | Mar 2025 −2.6 pp | Jun 2025 +8.6 pp | Sep 2025 +4.0 pp | Dec 2025 +3.5 pp | Mar 2026 −7.1 pp | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 — | Mar 2022 — | Jun 2022 +2.2 pp | Sep 2022 +1.5 pp | Dec 2022 −0.8 pp | Mar 2023 −2.1 pp | Jun 2023 −24.6 pp | Sep 2023 −4.8 pp | Dec 2023 −7.4 pp | Mar 2024 −55.5 pp | Jun 2024 −9.3 pp | Sep 2024 −14.5 pp | Dec 2024 −5.4 pp | Mar 2025 +44.4 pp | Jun 2025 +18.7 pp | Sep 2025 +2.9 pp | Dec 2025 −3.5 pp | Mar 2026 −8.4 pp | Jun 2026 — | Sep 2026 —

## Profit Scale & Acceleration

What the numbers say: BRP Inc. leads with $307 million of TTM profit, 17.6% above THOR Industries, Inc.. MasterCraft Boat Holdings, Inc. shows ≥100% on the scoring scale growth from a $10 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: BRP Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: BRP Inc. · $307 million | 17.6% versus #2 · THOR Industries, Inc. | 3/8 recent comparable periods | 6/10 companies · 178 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. BRP Inc. (DOO): ₹307 Cr
2. THOR Industries, Inc. (THO): ₹261 Cr
3. LCI Industries (LCII): ₹202 Cr — older report
4. Winnebago Industries, Inc. (WGO): ₹40 Cr
5. MasterCraft Boat Holdings, Inc. (MCFT): ₹10 Cr — older report

### Profit growth — fastest growers
1. MasterCraft Boat Holdings, Inc. (MCFT): 100% — older report
2. BRP Inc. (DOO): 68%
3. LCI Industries (LCII): 30% — older report
4. THOR Industries, Inc. (THO): 18%

### 20-quarter Net profit history
- BC: Dec 2021 ₹145 Cr | Mar 2022 — | Jun 2022 ₹174 Cr | Sep 2022 ₹199 Cr | Dec 2022 ₹168 Cr | Mar 2023 — | Jun 2023 ₹112 Cr | Sep 2023 ₹135 Cr | Dec 2023 ₹71 Cr | Mar 2024 ₹68 Cr | Jun 2024 ₹105 Cr | Sep 2024 ₹47 Cr | Dec 2024 ₹-71 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹60 Cr | Sep 2025 ₹-234 Cr | Dec 2025 ₹19 Cr | Mar 2026 — | Jun 2026 ₹21 Cr | Sep 2026 —
- DOO: Dec 2021 ₹128 Cr | Mar 2022 ₹210 Cr | Jun 2022 ₹121 Cr | Sep 2022 ₹238 Cr | Dec 2022 ₹142 Cr | Mar 2023 ₹365 Cr | Jun 2023 ₹155 Cr | Sep 2023 ₹339 Cr | Dec 2023 ₹90 Cr | Mar 2024 ₹303 Cr | Jun 2024 ₹43 Cr | Sep 2024 ₹42 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹-51 Cr | Jun 2025 ₹161 Cr | Sep 2025 ₹57 Cr | Dec 2025 ₹77 Cr | Mar 2026 ₹46 Cr | Jun 2026 ₹127 Cr | Sep 2026 —
- PII: Dec 2021 ₹128 Cr | Mar 2022 ₹74 Cr | Jun 2022 ₹142 Cr | Sep 2022 ₹191 Cr | Dec 2022 ₹197 Cr | Mar 2023 ₹114 Cr | Jun 2023 ₹134 Cr | Sep 2023 ₹152 Cr | Dec 2023 ₹103 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹69 Cr | Sep 2024 ₹28 Cr | Dec 2024 ₹11 Cr | Mar 2025 ₹-67 Cr | Jun 2025 ₹-79 Cr | Sep 2025 ₹-16 Cr | Dec 2025 ₹-15 Cr | Mar 2026 ₹-47 Cr | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 ₹245 Cr | Mar 2022 ₹266 Cr | Jun 2022 ₹346 Cr | Sep 2022 ₹282 Cr | Dec 2022 ₹137 Cr | Mar 2023 ₹26 Cr | Jun 2023 ₹120 Cr | Sep 2023 ₹91 Cr | Dec 2023 ₹55 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹114 Cr | Sep 2024 ₹91 Cr | Dec 2024 ₹-1 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹134 Cr | Sep 2025 ₹127 Cr | Dec 2025 ₹23 Cr | Mar 2026 ₹15 Cr | Jun 2026 ₹96 Cr | Sep 2026 —
- LCII: Dec 2021 ₹82 Cr | Mar 2022 ₹196 Cr | Jun 2022 ₹155 Cr | Sep 2022 ₹61 Cr | Dec 2022 ₹-17 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹33 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹37 Cr | Jun 2024 ₹61 Cr | Sep 2024 ₹36 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹58 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹19 Cr | Mar 2026 ₹63 Cr | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 ₹61 Cr | Mar 2022 ₹113 Cr | Jun 2022 ₹117 Cr | Sep 2022 ₹59 Cr | Dec 2022 ₹40 Cr | Mar 2023 — | Jun 2023 ₹30 Cr | Sep 2023 ₹42 Cr | Dec 2023 ₹40 Cr | Mar 2024 ₹35 Cr | Jun 2024 ₹48 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹38 Cr | Jun 2025 ₹32 Cr | Sep 2025 ₹35 Cr | Dec 2025 ₹29 Cr | Mar 2026 ₹39 Cr | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 ₹22 Cr | Mar 2022 ₹223 Cr | Jun 2022 ₹216 Cr | Sep 2022 ₹261 Cr | Dec 2022 ₹40 Cr | Mar 2023 ₹302 Cr | Jun 2023 ₹174 Cr | Sep 2023 ₹196 Cr | Dec 2023 ₹23 Cr | Mar 2024 ₹232 Cr | Jun 2024 ₹215 Cr | Sep 2024 ₹116 Cr | Dec 2024 ₹-118 Cr | Mar 2025 ₹131 Cr | Jun 2025 ₹106 Cr | Sep 2025 ₹375 Cr | Dec 2025 ₹-283 Cr | Mar 2026 ₹24 Cr | Jun 2026 — | Sep 2026 —
- WGO: Dec 2021 ₹100 Cr | Mar 2022 ₹91 Cr | Jun 2022 ₹117 Cr | Sep 2022 ₹83 Cr | Dec 2022 ₹60 Cr | Mar 2023 ₹53 Cr | Jun 2023 ₹59 Cr | Sep 2023 ₹44 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹-29 Cr | Dec 2024 ₹-5 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹18 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹5 Cr | Jun 2026 ₹15 Cr | Sep 2026 —
- MCFT: Dec 2021 ₹12 Cr | Mar 2022 ₹18 Cr | Jun 2022 ₹24 Cr | Sep 2022 — | Dec 2022 ₹25 Cr | Mar 2023 ₹20 Cr | Jun 2023 ₹23 Cr | Sep 2023 — | Dec 2023 ₹9 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹-1 Cr | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 ₹31 Cr | Mar 2022 ₹55 Cr | Jun 2022 ₹50 Cr | Sep 2022 ₹36 Cr | Dec 2022 ₹36 Cr | Mar 2023 ₹53 Cr | Jun 2023 ₹-18 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹-68 Cr | Jun 2024 ₹-20 Cr | Sep 2024 ₹-5 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹-1 Cr | Dec 2025 ₹-3 Cr | Mar 2026 ₹-2 Cr | Jun 2026 — | Sep 2026 —

### 20-quarter Profit growth history
- BC: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 11% | Dec 2022 16% | Mar 2023 — | Jun 2023 -36% | Sep 2023 -32% | Dec 2023 -58% | Mar 2024 — | Jun 2024 -6.3% | Sep 2024 -65% | Dec 2024 -200% | Mar 2025 -71% | Jun 2025 -43% | Sep 2025 -598% | Dec 2025 — | Mar 2026 — | Jun 2026 -65% | Sep 2026 —
- DOO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 12% | Dec 2022 11% | Mar 2023 74% | Jun 2023 28% | Sep 2023 42% | Dec 2023 -37% | Mar 2024 -17% | Jun 2024 -72% | Sep 2024 -88% | Dec 2024 -66% | Mar 2025 -117% | Jun 2025 274% | Sep 2025 36% | Dec 2025 148% | Mar 2026 — | Jun 2026 -21% | Sep 2026 —
- PII: Dec 2021 — | Mar 2022 — | Jun 2022 -8.4% | Sep 2022 63% | Dec 2022 54% | Mar 2023 54% | Jun 2023 -5.6% | Sep 2023 -20% | Dec 2023 -48% | Mar 2024 -96% | Jun 2024 -49% | Sep 2024 -82% | Dec 2024 -89% | Mar 2025 -1,775% | Jun 2025 -214% | Sep 2025 -157% | Dec 2025 -236% | Mar 2026 — | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 13% | Dec 2022 -44% | Mar 2023 -90% | Jun 2023 -65% | Sep 2023 -68% | Dec 2023 -60% | Mar 2024 -81% | Jun 2024 -5.0% | Sep 2024 0.0% | Dec 2024 -102% | Mar 2025 -160% | Jun 2025 18% | Sep 2025 40% | Dec 2025 — | Mar 2026 — | Jun 2026 -28% | Sep 2026 —
- LCII: Dec 2021 — | Mar 2022 — | Jun 2022 128% | Sep 2022 -3.2% | Dec 2022 -121% | Mar 2023 -96% | Jun 2023 -79% | Sep 2023 -57% | Dec 2023 — | Mar 2024 429% | Jun 2024 85% | Sep 2024 38% | Dec 2024 — | Mar 2025 32% | Jun 2025 -4.9% | Sep 2025 72% | Dec 2025 90% | Mar 2026 29% | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 — | Mar 2022 — | Jun 2022 98% | Sep 2022 3.5% | Dec 2022 -34% | Mar 2023 — | Jun 2023 -74% | Sep 2023 -29% | Dec 2023 0.0% | Mar 2024 — | Jun 2024 60% | Sep 2024 -2.4% | Dec 2024 -63% | Mar 2025 8.6% | Jun 2025 -33% | Sep 2025 -15% | Dec 2025 93% | Mar 2026 2.6% | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 — | Mar 2022 — | Jun 2022 4.9% | Sep 2022 60% | Dec 2022 82% | Mar 2023 35% | Jun 2023 -19% | Sep 2023 -25% | Dec 2023 -43% | Mar 2024 -23% | Jun 2024 24% | Sep 2024 -41% | Dec 2024 -613% | Mar 2025 -44% | Jun 2025 -51% | Sep 2025 223% | Dec 2025 — | Mar 2026 -82% | Jun 2026 — | Sep 2026 —
- WGO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -1.2% | Dec 2022 -40% | Mar 2023 -42% | Jun 2023 -50% | Sep 2023 -47% | Dec 2023 -57% | Mar 2024 -125% | Jun 2024 -51% | Sep 2024 -166% | Dec 2024 -119% | Mar 2025 — | Jun 2025 -38% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 -17% | Sep 2026 —
- MCFT: Dec 2021 — | Mar 2022 — | Jun 2022 50% | Sep 2022 — | Dec 2022 108% | Mar 2023 11% | Jun 2023 -4.2% | Sep 2023 — | Dec 2023 -64% | Mar 2024 -70% | Jun 2024 -100% | Sep 2024 — | Dec 2024 -100% | Mar 2025 -33% | Jun 2025 — | Sep 2025 300% | Dec 2025 — | Mar 2026 -125% | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 — | Mar 2022 — | Jun 2022 43% | Sep 2022 29% | Dec 2022 16% | Mar 2023 -3.6% | Jun 2023 -136% | Sep 2023 -42% | Dec 2023 -72% | Mar 2024 -228% | Jun 2024 — | Sep 2024 -124% | Dec 2024 -80% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -250% | Mar 2026 -115% | Jun 2026 — | Sep 2026 —

## Return On Capital Employed

What the numbers say: BRP Inc. leads ROCE at 5.6%, 0.6 percentage points above Polaris Inc.. Brunswick Corporation has the strongest latest improvement at +8.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: BRP Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: BRP Inc. · 5.6% | 12% versus #2 · Polaris Inc. | 2/8 recent comparable periods | 10/10 companies · 182 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. BRP Inc. (DOO): 5.6%
2. Polaris Inc. (PII): 5.0%
3. LCI Industries (LCII): 3.5% — older report
4. Brunswick Corporation (BC): 3.1%
5. Patrick Industries, Inc. (PATK): 2.8%

### ROCE change — fastest improvers
1. Brunswick Corporation (BC): +8.5 pp
2. Polaris Inc. (PII): +5.4 pp
3. BRP Inc. (DOO): +3.3 pp
4. LCI Industries (LCII): +0.4 pp — older report
5. Harley-Davidson, Inc. (HOG): −0.1 pp

### 20-quarter ROCE history
- BC: Dec 2021 6.3% | Mar 2022 — | Jun 2022 6.3% | Sep 2022 7.2% | Dec 2022 5.5% | Mar 2023 — | Jun 2023 4.9% | Sep 2023 4.0% | Dec 2023 2.3% | Mar 2024 2.3% | Jun 2024 3.3% | Sep 2024 2.1% | Dec 2024 -1.3% | Mar 2025 1.2% | Jun 2025 2.2% | Sep 2025 -5.4% | Dec 2025 1.0% | Mar 2026 — | Jun 2026 1.2% | Sep 2026 3.1%
- DOO: Dec 2021 7.0% | Mar 2022 14% | Jun 2022 8.5% | Sep 2022 14% | Dec 2022 14% | Mar 2023 14% | Jun 2023 8.9% | Sep 2023 11% | Dec 2023 9.8% | Mar 2024 8.0% | Jun 2024 4.6% | Sep 2024 2.9% | Dec 2024 3.4% | Mar 2025 2.6% | Jun 2025 2.3% | Sep 2025 2.2% | Dec 2025 5.2% | Mar 2026 0.3% | Jun 2026 5.6% | Sep 2026 —
- PII: Dec 2021 5.8% | Mar 2022 3.6% | Jun 2022 6.9% | Sep 2022 8.6% | Dec 2022 9.0% | Mar 2023 5.5% | Jun 2023 6.6% | Sep 2023 6.5% | Dec 2023 4.4% | Mar 2024 1.2% | Jun 2024 3.5% | Sep 2024 2.0% | Dec 2024 1.9% | Mar 2025 -1.1% | Jun 2025 -0.4% | Sep 2025 0.7% | Dec 2025 -1.1% | Mar 2026 -1.3% | Jun 2026 5.0% | Sep 2026 —
- THO: Dec 2021 6.5% | Mar 2022 7.0% | Jun 2022 9.2% | Sep 2022 6.8% | Dec 2022 3.7% | Mar 2023 0.7% | Jun 2023 3.2% | Sep 2023 2.7% | Dec 2023 1.9% | Mar 2024 0.3% | Jun 2024 2.9% | Sep 2024 2.5% | Dec 2024 0.2% | Mar 2025 0.2% | Jun 2025 3.2% | Sep 2025 1.9% | Dec 2025 0.7% | Mar 2026 0.2% | Jun 2026 1.7% | Sep 2026 —
- LCII: Dec 2021 5.0% | Mar 2022 11% | Jun 2022 8.6% | Sep 2022 3.4% | Dec 2022 -0.8% | Mar 2023 0.7% | Jun 2023 2.0% | Sep 2023 1.7% | Dec 2023 0.1% | Mar 2024 2.2% | Jun 2024 3.5% | Sep 2024 2.1% | Dec 2024 0.6% | Mar 2025 3.1% | Jun 2025 3.3% | Sep 2025 2.7% | Dec 2025 1.4% | Mar 2026 3.5% | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 5.1% | Mar 2022 8.1% | Jun 2022 7.8% | Sep 2022 4.2% | Dec 2022 2.9% | Mar 2023 — | Jun 2023 2.3% | Sep 2023 3.1% | Dec 2023 3.0% | Mar 2024 2.3% | Jun 2024 3.4% | Sep 2024 2.9% | Dec 2024 1.6% | Mar 2025 2.4% | Jun 2025 3.3% | Sep 2025 2.4% | Dec 2025 2.1% | Mar 2026 2.3% | Jun 2026 2.8% | Sep 2026 —
- HOG: Dec 2021 -0.1% | Mar 2022 3.7% | Jun 2022 3.5% | Sep 2022 4.2% | Dec 2022 0.0% | Mar 2023 4.5% | Jun 2023 2.5% | Sep 2023 2.3% | Dec 2023 -0.3% | Mar 2024 3.0% | Jun 2024 2.6% | Sep 2024 1.1% | Dec 2024 -2.3% | Mar 2025 1.8% | Jun 2025 1.3% | Sep 2025 5.9% | Dec 2025 -5.3% | Mar 2026 0.3% | Jun 2026 1.2% | Sep 2026 —
- WGO: Dec 2021 9.0% | Mar 2022 8.1% | Jun 2022 10% | Sep 2022 7.0% | Dec 2022 4.6% | Mar 2023 4.0% | Jun 2023 4.1% | Sep 2023 2.9% | Dec 2023 2.0% | Mar 2024 1.7% | Jun 2024 2.2% | Sep 2024 -0.9% | Dec 2024 0.0% | Mar 2025 0.4% | Jun 2025 1.6% | Sep 2025 1.1% | Dec 2025 0.7% | Mar 2026 0.7% | Jun 2026 1.3% | Sep 2026 —
- MCFT: Dec 2021 9.2% | Mar 2022 13% | Jun 2022 17% | Sep 2022 — | Dec 2022 16% | Mar 2023 13% | Jun 2023 13% | Sep 2023 — | Dec 2023 4.7% | Mar 2024 2.8% | Jun 2024 -0.2% | Sep 2024 0.4% | Dec 2024 0.1% | Mar 2025 1.8% | Jun 2025 2.7% | Sep 2025 1.7% | Dec 2025 1.4% | Mar 2026 -0.7% | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 7.1% | Mar 2022 12% | Jun 2022 9.9% | Sep 2022 7.9% | Dec 2022 7.5% | Mar 2023 11% | Jun 2023 -3.2% | Sep 2023 3.9% | Dec 2023 2.0% | Mar 2024 -11% | Jun 2024 -3.8% | Sep 2024 -0.8% | Dec 2024 0.5% | Mar 2025 2.8% | Jun 2025 1.1% | Sep 2025 -0.1% | Dec 2025 -0.6% | Mar 2026 -0.3% | Jun 2026 — | Sep 2026 —

### 20-quarter ROCE change history
- BC: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.8 pp | Mar 2023 — | Jun 2023 −1.4 pp | Sep 2023 −3.2 pp | Dec 2023 −3.2 pp | Mar 2024 — | Jun 2024 −1.6 pp | Sep 2024 −1.9 pp | Dec 2024 −3.6 pp | Mar 2025 −1.1 pp | Jun 2025 −1.1 pp | Sep 2025 −7.5 pp | Dec 2025 +2.3 pp | Mar 2026 — | Jun 2026 −1.0 pp | Sep 2026 +8.5 pp
- DOO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +7.1 pp | Mar 2023 +0.1 pp | Jun 2023 +0.4 pp | Sep 2023 −2.8 pp | Dec 2023 −4.3 pp | Mar 2024 −5.7 pp | Jun 2024 −4.3 pp | Sep 2024 −8.2 pp | Dec 2024 −6.4 pp | Mar 2025 −5.4 pp | Jun 2025 −2.3 pp | Sep 2025 −0.7 pp | Dec 2025 +1.8 pp | Mar 2026 −2.3 pp | Jun 2026 +3.3 pp | Sep 2026 —
- PII: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +3.2 pp | Mar 2023 +1.9 pp | Jun 2023 −0.3 pp | Sep 2023 −2.1 pp | Dec 2023 −4.6 pp | Mar 2024 −4.3 pp | Jun 2024 −3.1 pp | Sep 2024 −4.5 pp | Dec 2024 −2.5 pp | Mar 2025 −2.3 pp | Jun 2025 −3.9 pp | Sep 2025 −1.3 pp | Dec 2025 −3.0 pp | Mar 2026 −0.2 pp | Jun 2026 +5.4 pp | Sep 2026 —
- THO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −2.8 pp | Mar 2023 −6.3 pp | Jun 2023 −6.0 pp | Sep 2023 −4.1 pp | Dec 2023 −1.8 pp | Mar 2024 −0.4 pp | Jun 2024 −0.3 pp | Sep 2024 −0.2 pp | Dec 2024 −1.7 pp | Mar 2025 −0.1 pp | Jun 2025 +0.3 pp | Sep 2025 −0.6 pp | Dec 2025 +0.5 pp | Mar 2026 0.0 pp | Jun 2026 −1.5 pp | Sep 2026 —
- LCII: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −5.8 pp | Mar 2023 −10.4 pp | Jun 2023 −6.6 pp | Sep 2023 −1.7 pp | Dec 2023 +0.9 pp | Mar 2024 +1.5 pp | Jun 2024 +1.5 pp | Sep 2024 +0.4 pp | Dec 2024 +0.5 pp | Mar 2025 +0.9 pp | Jun 2025 −0.2 pp | Sep 2025 +0.6 pp | Dec 2025 +0.8 pp | Mar 2026 +0.4 pp | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −2.2 pp | Mar 2023 — | Jun 2023 −5.5 pp | Sep 2023 −1.1 pp | Dec 2023 +0.1 pp | Mar 2024 — | Jun 2024 +1.1 pp | Sep 2024 −0.2 pp | Dec 2024 −1.4 pp | Mar 2025 +0.1 pp | Jun 2025 −0.1 pp | Sep 2025 −0.5 pp | Dec 2025 +0.5 pp | Mar 2026 −0.1 pp | Jun 2026 −0.5 pp | Sep 2026 —
- HOG: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.1 pp | Mar 2023 +0.8 pp | Jun 2023 −1.0 pp | Sep 2023 −1.9 pp | Dec 2023 −0.3 pp | Mar 2024 −1.5 pp | Jun 2024 +0.1 pp | Sep 2024 −1.2 pp | Dec 2024 −2.0 pp | Mar 2025 −1.2 pp | Jun 2025 −1.3 pp | Sep 2025 +4.8 pp | Dec 2025 −3.0 pp | Mar 2026 −1.5 pp | Jun 2026 −0.1 pp | Sep 2026 —
- WGO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −4.4 pp | Mar 2023 −4.1 pp | Jun 2023 −6.0 pp | Sep 2023 −4.1 pp | Dec 2023 −2.6 pp | Mar 2024 −2.3 pp | Jun 2024 −1.9 pp | Sep 2024 −3.8 pp | Dec 2024 −2.0 pp | Mar 2025 −1.3 pp | Jun 2025 −0.6 pp | Sep 2025 +2.0 pp | Dec 2025 +0.7 pp | Mar 2026 +0.3 pp | Jun 2026 −0.3 pp | Sep 2026 —
- MCFT: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +6.6 pp | Mar 2023 −0.5 pp | Jun 2023 −3.5 pp | Sep 2023 — | Dec 2023 −11.1 pp | Mar 2024 −9.8 pp | Jun 2024 −13.4 pp | Sep 2024 — | Dec 2024 −4.6 pp | Mar 2025 −1.0 pp | Jun 2025 +2.9 pp | Sep 2025 +1.3 pp | Dec 2025 +1.3 pp | Mar 2026 −2.5 pp | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.4 pp | Mar 2023 −1.4 pp | Jun 2023 −13.1 pp | Sep 2023 −4.0 pp | Dec 2023 −5.5 pp | Mar 2024 −21.4 pp | Jun 2024 −0.6 pp | Sep 2024 −4.7 pp | Dec 2024 −1.5 pp | Mar 2025 +13.7 pp | Jun 2025 +4.9 pp | Sep 2025 +0.7 pp | Dec 2025 −1.1 pp | Mar 2026 −3.1 pp | Jun 2026 — | Sep 2026 —

## Valuation Against Growth & Quality

What the numbers say: BRP Inc. has the lowest comparable PEG at 0.29×, 35.6% below LCI Industries. Only 3 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: BRP Inc. · 0.29× | 35.6% versus #2 · LCI Industries | 0/8 recent comparable periods | 3/10 companies · 17 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. BRP Inc. (DOO): 0.3
2. LCI Industries (LCII): 0.5 — older report
3. THOR Industries, Inc. (THO): 0.8

### P/E — lowest P/E
1. Harley-Davidson, Inc. (HOG): 15.0
2. LCI Industries (LCII): 15.0 — older report
3. THOR Industries, Inc. (THO): 16.0
4. Winnebago Industries, Inc. (WGO): 21.8
5. Patrick Industries, Inc. (PATK): 22.6

### 20-quarter PEG history
- DOO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 — | Mar 2024 0.3 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — | Sep 2026 —
- PII: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.7 | Jun 2023 — | Sep 2023 — | Dec 2023 0.7 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.6 | Mar 2026 0.4 | Jun 2026 0.8 | Sep 2026 —
- LCII: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 1.4 | Dec 2024 — | Mar 2025 0.3 | Jun 2025 1.3 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.5 | Jun 2026 — | Sep 2026 —
- HOG: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.3 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — | Sep 2026 —

### 20-quarter P/E history
- BC: Dec 2021 13.0 | Mar 2022 — | Jun 2022 10.4 | Sep 2022 8.3 | Dec 2022 7.8 | Mar 2023 — | Jun 2023 9.8 | Sep 2023 11.3 | Dec 2023 16.2 | Mar 2024 17.4 | Jun 2024 14.2 | Sep 2024 20.0 | Dec 2024 33.5 | Mar 2025 42.8 | Jun 2025 84.2 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — | Sep 2026 —
- DOO: Dec 2021 11.2 | Mar 2022 11.4 | Jun 2022 13.1 | Sep 2022 11.6 | Dec 2022 10.5 | Mar 2023 10.4 | Jun 2023 9.2 | Sep 2023 9.8 | Dec 2023 6.7 | Mar 2024 7.2 | Jun 2024 12.3 | Sep 2024 30.5 | Dec 2024 12.5 | Mar 2025 — | Jun 2025 25.1 | Sep 2025 33.2 | Dec 2025 32.3 | Mar 2026 26.0 | Jun 2026 24.8 | Sep 2026 —
- PII: Dec 2021 14.0 | Mar 2022 15.1 | Jun 2022 22.7 | Sep 2022 17.0 | Dec 2022 13.6 | Mar 2023 13.3 | Jun 2023 11.3 | Sep 2023 10.2 | Dec 2023 10.9 | Mar 2024 14.7 | Jun 2024 13.7 | Sep 2024 23.3 | Dec 2024 29.6 | Mar 2025 56.9 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — | Sep 2026 —
- THO: Dec 2021 7.2 | Mar 2022 5.7 | Jun 2022 3.9 | Sep 2022 4.1 | Dec 2022 4.3 | Mar 2023 6.6 | Jun 2023 7.6 | Sep 2023 16.6 | Dec 2023 16.3 | Mar 2024 22.4 | Jun 2024 20.2 | Sep 2024 21.5 | Dec 2024 26.5 | Mar 2025 27.2 | Jun 2025 17.4 | Sep 2025 18.8 | Dec 2025 19.7 | Mar 2026 19.8 | Jun 2026 16.0 | Sep 2026 —
- LCII: Dec 2021 13.8 | Mar 2022 6.5 | Jun 2022 5.8 | Sep 2022 5.2 | Dec 2022 5.0 | Mar 2023 13.6 | Jun 2023 37.8 | Sep 2023 60.5 | Dec 2023 49.9 | Mar 2024 33.5 | Jun 2024 21.7 | Sep 2024 23.5 | Dec 2024 18.5 | Mar 2025 14.3 | Jun 2025 15.2 | Sep 2025 13.2 | Dec 2025 16.0 | Mar 2026 15.0 | Jun 2026 — | Sep 2026 —
- PATK: Dec 2021 8.2 | Mar 2022 5.2 | Jun 2022 3.7 | Sep 2022 3.0 | Dec 2022 4.5 | Mar 2023 — | Jun 2023 6.4 | Sep 2023 10.1 | Dec 2023 10.3 | Mar 2024 17.7 | Jun 2024 15.6 | Sep 2024 20.4 | Dec 2024 20.2 | Mar 2025 20.1 | Jun 2025 25.1 | Sep 2025 29.6 | Dec 2025 27.8 | Mar 2026 27.5 | Jun 2026 22.6 | Sep 2026 —
- HOG: Dec 2021 9.0 | Mar 2022 9.7 | Jun 2022 8.0 | Sep 2022 7.8 | Dec 2022 8.4 | Mar 2023 6.8 | Jun 2023 6.6 | Sep 2023 6.7 | Dec 2023 7.6 | Mar 2024 9.7 | Jun 2024 6.8 | Sep 2024 8.7 | Dec 2024 8.8 | Mar 2025 9.4 | Jun 2025 12.2 | Sep 2025 6.8 | Dec 2025 7.4 | Mar 2026 11.5 | Jun 2026 15.0 | Sep 2026 —
- WGO: Dec 2021 7.9 | Mar 2022 6.2 | Jun 2022 4.3 | Sep 2022 5.2 | Dec 2022 5.6 | Mar 2023 6.8 | Jun 2023 7.7 | Sep 2023 10.2 | Dec 2023 12.7 | Mar 2024 21.1 | Jun 2024 23.1 | Sep 2024 135.6 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 39.5 | Dec 2025 28.3 | Mar 2026 27.1 | Jun 2026 21.8 | Sep 2026 —
- MCFT: Dec 2021 8.3 | Mar 2022 8.7 | Jun 2022 7.0 | Sep 2022 — | Dec 2022 4.7 | Mar 2023 6.0 | Jun 2023 6.8 | Sep 2023 — | Dec 2023 5.3 | Mar 2024 9.3 | Jun 2024 13.9 | Sep 2024 41.2 | Dec 2024 187.2 | Mar 2025 156.7 | Jun 2025 28.6 | Sep 2025 23.0 | Dec 2025 20.7 | Mar 2026 31.6 | Jun 2026 — | Sep 2026 —
- MBUU: Dec 2021 11.7 | Mar 2022 8.5 | Jun 2022 7.0 | Sep 2022 6.1 | Dec 2022 6.5 | Mar 2023 6.9 | Jun 2023 11.6 | Sep 2023 11.3 | Dec 2023 17.6 | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 41.2 | Sep 2025 33.1 | Dec 2025 38.6 | Mar 2026 — | Jun 2026 — | Sep 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 3 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.

## Every company
- Brunswick Corporation (BC) — market value ₹5.4K Cr; latest fundamentals Sep 2026
- BRP Inc. (DOO) — market value ₹4.7K Cr; latest fundamentals Jun 2026
- Polaris Inc. (PII) — market value ₹4.2K Cr; latest fundamentals Jun 2026
- THOR Industries, Inc. (THO) — market value ₹4.2K Cr; latest fundamentals Jun 2026
- LCI Industries (LCII) — market value ₹3.1K Cr; latest fundamentals Mar 2026
- Patrick Industries, Inc. (PATK) — market value ₹2.9K Cr; latest fundamentals Jun 2026
- Harley-Davidson, Inc. (HOG) — market value ₹2.8K Cr; latest fundamentals Jun 2026
- Winnebago Industries, Inc. (WGO) — market value ₹901 Cr; latest fundamentals Jun 2026
- MasterCraft Boat Holdings, Inc. (MCFT) — market value ₹608 Cr; latest fundamentals Mar 2026
- Malibu Boats, Inc. (MBUU) — market value ₹582 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Sep 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Recreational Vehicles sector outperforming S&P 500?

Recreational Vehicles has underperformed S&P 500 by 3.9% over 52 weeks and 3.7% over 13 weeks. 2 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 10 beat the sector itself.

### Which Recreational Vehicles company is largest by revenue?

THOR Industries, Inc. leads with revenue of $9,821 million, based on 6 of 10 comparable companies through Jun 2026.

### Which Recreational Vehicles company is growing fastest?

BRP Inc. has the fastest current revenue growth at 16%, across 6 of 10 comparable companies.

### Which Recreational Vehicles company has the strongest 4-Factor Sector Score?

BRP Inc. ranks first at 71.8/100 with 81.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Recreational Vehicles company has the lowest comparable PEG?

BRP Inc. has the lowest comparable PEG at 0.29, among 3 of 10 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Recreational Vehicles comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Which Recreational Vehicles company is the biggest?

THOR Industries, Inc. is the largest, with trailing-twelve-month revenue of $9,821 million, ahead of BRP Inc. at $8,987 million. That covers 6 of 10 companies with comparable reporting through Jun 2026.

### Which Recreational Vehicles company has the best profit margins?

BRP Inc. has the highest operating margin at 9.4%, from 10 of 10 comparable companies. BRP Inc. shows the biggest recent improvement, at +4.3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Recreational Vehicles company makes the most profit?

BRP Inc. earns the most, at $307 million of trailing-twelve-month net profit, from 6 of 10 comparable companies. MasterCraft Boat Holdings, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Recreational Vehicles company earns the highest return on capital?

BRP Inc. leads on return on capital employed at 5.6%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Recreational Vehicles stock is the cheapest?

On PEG — where a LOWER number is cheaper — BRP Inc. screens cheapest at 0.29×. Only 3 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Recreational Vehicles sector beating the market?

Recreational Vehicles has underperformed S&P 500 by 3.9% over the last 52 weeks and 3.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Recreational Vehicles stock has the strongest price momentum?

Polaris Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Recreational Vehicles company scores highest for research priority?

BRP Inc. scores 71.8 out of 100 with 81.1% evidence confidence, from 30 points on growth and earnings, 16.6 on capital efficiency, 14.8 on valuation and 10.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Recreational Vehicles companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals, ending Sep 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Recreational Vehicles sector?

The 10 Recreational Vehicles companies on this page carry $29,364 million of combined market value. Brunswick Corporation is the largest at $5,410 million, about 18% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### What is the Recreational Vehicles sector's P/E ratio?

The median price-to-earnings ratio across the 10 Recreational Vehicles companies on this page is 24.8×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

### How is the Recreational Vehicles sector performing?

2 of the 10 covered Recreational Vehicles companies are beating S&P 500 on Mansfield relative strength. The sector itself is 3.9% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Recreational Vehicles stocks are listed in the US?

This comparison covers 10 listed Recreational Vehicles companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Sep 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.