Thermon Group Holdings, Inc.(THR)Earnings, Financials & Key Ratios

THR•NYSE

$69.76

$2.29B mkt cap·44.4× P/E·Price updated May 6, 2026

SectorIndustrials IndustryIndustrial Machinery Sub-IndustryHVAC and thermal management

AboutThermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, tubing bundles, and system accessories, as well as strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and gas heating accessories that comprise regulators, valves, mounting brackets, and battery cables. The company also offers specialty products, which include CEMS and analytical systems, commercial construction products and services, control panels, engineered products, compressed gas scrubbing systems, temporary power solutions, and snow clearing devices for rail track and switch equipment; and steam heating solutions comprising heat transfer compounds, steam heated bundles, steam supply and condensate return lines, steam tracing solutions, steam trace accessories, and tank heating products. In addition, it provides design engineering solutions that include design optimization studies, product selection assistance, and computer-generated drawing packages; energy audit services; procurement and project management services; procurement and project management services; turnkey construction installation; recurring facility assessment or audit; maintenance services; and technical support services. The company offers its solutions to chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, transportation, food and beverage, pharmaceutical, and mineral processing industries, as well as data centers, semiconductor facilities, and other markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.Show more

Revenue$498M+0.7%
EBITDA$102M+8.4%
Net Income$54M+3.7%
EPS (Diluted)1.57+4.0%
Gross Margin44.74%+4.6%
EBITDA Margin20.49%+7.6%
Operating Margin16.01%+5.1%
Net Margin10.74%+3.0%
ROE11.03%-4.4%
ROIC9.8%-2.5%
Debt/Equity0.31-22.4%
Interest Coverage7.72-9.3%

Technical→

THR Key Insights

Thermon Group Holdings, Inc. (THR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong 5Y profit CAGR of 35.0%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 93 (top 7%)
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

THR Price & Volume

Thermon Group Holdings, Inc. (THR) stock price & volume — 10-year historical chart

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THR Growth Metrics

Thermon Group Holdings, Inc. (THR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.91%

5 Years5.37%

3 Years11.89%

TTM6.15%

Profit CAGR

10 Years0.81%

5 Years34.99%

3 Years38.62%

TTM26.1%

EPS CAGR

10 Years0.32%

5 Years34.25%

3 Years37.8%

TTM29.41%

Return on Capital

10 Years6.31%

5 Years8.62%

3 Years11.64%

Last Year12.26%

THR Recent Earnings

Thermon Group Holdings, Inc. (THR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 5, 2026

EPS

$0.66

Est $0.59

+11.9%

Revenue

$147M

Est $138M

+6.5%

Q4 2025

Nov 6, 2025

EPS

$0.55

Est $0.36

+52.8%

Revenue

$132M

Est $139M

-5.1%

Q3 2025

Aug 7, 2025

EPS

$0.36

Est $0.37

-2.7%

Revenue

$109M

Est $122M

-11.0%

Q2 2025

May 22, 2025

EPS

$0.56

Est $0.50

+12.0%

Revenue

$134M

Est $124M

+7.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 5, 2026	$0.66vs $0.59+11.9%	$147Mvs $138M+6.5%
Q4 2025	Nov 6, 2025	$0.55vs $0.36+52.8%	$132Mvs $139M-5.1%
Q3 2025	Aug 7, 2025	$0.36vs $0.37-2.7%	$109Mvs $122M-11.0%
Q2 2025	May 22, 2025	$0.56vs $0.50+12.0%	$134Mvs $124M+7.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
BDCBelden Inc.Direct Competitor	4.36B	112.01	18.95	10.33%	8.49%	18.84%	5.01%	1.17
REZIResideo Technologies, Inc.Direct Competitor	6.05B	40.34	-10.70	10.52%	-7.05%	-18.07%		1.09
TRMKTrustmark CorporationDirect Competitor	2.64B	44.76	12.10	34.75%	20.01%	10.77%	8.8%	0.53
ENSEnerSysDirect Competitor	8.1B	220.45	24.52	1%	8.37%	16.51%	1.72%	0.63
GNSSGenasys Inc.Direct Competitor	89.07M	1.97	-4.93	69.76%	-29.19%	-8.22%		9.85
AMEAMETEK, Inc.Product Competitor	53.76B	234.68	36.67	6.63%	20.11%	14.39%	3.11%	0.21
RBCRBC Bearings IncorporatedProduct Competitor	19.87B	607.50	78.90	4.87%	15%	8.24%	1.23%	0.34
FELEFranklin Electric Co., Inc.Product Competitor	4.42B	100.01	30.77	5.44%	6.91%	11.44%	4.38%	0.21

Compare THR vs Peers

Thermon Group Holdings, Inc. (THR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BDC

Most directly comparable listed peer for THR.

Scale Benchmark

vs HON

Larger-name benchmark to compare THR against a more recognizable public peer.

Peer Set

Compare Top 5

vs BDC, REZI, TRMK, ENS

THR Income Statement

Thermon Group Holdings, Inc. (THR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Sales/Revenue	264.13M	308.61M	412.64M	383.49M	276.18M	355.67M	440.59M	494.63M	498.21M	522.01M
Revenue Growth %	-6.31%	16.84%	33.71%	-7.07%	-27.98%	28.78%	23.87%	12.27%	0.72%	6.15%
Cost of Goods Sold	152.2M	164.8M	236.7M	221.85M	159.31M	215.56M	255.47M	283.06M	275.31M	288.29M
COGS % of Revenue	57.62%	53.4%	57.36%	57.85%	57.68%	60.6%	57.98%	57.23%	55.26%	-
Gross Profit	111.93M▲ 0%	143.81M▲ 28.5%	175.94M▲ 22.3%	161.64M▼ 8.1%	116.87M▼ 27.7%	140.12M▲ 19.9%	185.13M▲ 32.1%	211.56M▲ 14.3%	222.9M▲ 5.4%	233.72M▲ 0%
Gross Margin %	42.38%	46.6%	42.64%	42.15%	42.32%	39.4%	42.02%	42.77%	44.74%	44.77%
Gross Profit Growth %	-14.76%	28.48%	22.34%	-8.13%	-27.7%	19.89%	32.12%	14.28%	5.36%	-
Operating Expenses	89.49M	111.07M	127.43M	128.97M	109.47M	101.71M	129.94M	136.19M	143.14M	150.63M
OpEx % of Revenue	33.88%	35.99%	30.88%	33.63%	39.64%	28.6%	29.49%	27.53%	28.73%	-
Selling, General & Admin	77.72M	94.57M	106.71M	111.7M	91.4M	93.34M	116.8M	123.76M	129.76M	138.86M
SG&A % of Revenue	29.42%	30.64%	25.86%	29.13%	33.09%	26.24%	26.51%	25.02%	26.05%	-
Research & Development	3.5M	5.24M	6.29M	0	8.23M	0	10.9M	10.03M	9.43M	9.43M
R&D % of Revenue	1.33%	1.7%	1.52%	-	2.98%	-	2.47%	2.03%	1.89%	-
Other Operating Expenses	-410K	-5.59M	13.95M	17.27M	9.84M	8.38M	2.24M	2.41M	3.95M	2M
Operating Income	22.44M▲ 0%	32.74M▲ 45.9%	-48.51M▼ 248.2%	32.66M▲ 167.3%	7.41M▼ 77.3%	38.41M▲ 418.6%	55.19M▲ 43.7%	75.37M▲ 36.6%	79.76M▲ 5.8%	83.09M▲ 0%
Operating Margin %	8.5%	10.61%	-11.76%	8.52%	2.68%	10.8%	12.53%	15.24%	16.01%	15.92%
Operating Income Growth %	-38.95%	45.86%	-248.18%	167.33%	-77.33%	418.57%	43.71%	36.57%	5.82%	-
EBITDA	40.28M	57.16M	-18.54M	60.94M	28.13M	58.61M	74.42M	94.21M	102.1M	105.84M
EBITDA Margin %	15.25%	18.52%	-4.49%	15.89%	10.18%	16.48%	16.89%	19.05%	20.49%	20.28%
EBITDA Growth %	-25.65%	41.91%	-132.44%	428.61%	-53.84%	108.37%	26.98%	26.59%	8.37%	10.29%
D&A (Non-Cash Add-back)	17.83M	24.42M	29.96M	28.27M	20.72M	20.2M	19.23M	18.84M	22.34M	22.75M
EBIT	22.44M	32.74M	48.51M	31.11M	9.54M	34.24M	55.1M	76.52M	80.44M	85.03M
Net Interest Income	-2.95M	-8.38M	-15.48M	-14.03M	-10.19M	-5.82M	-5.87M	-8.85M	-10.32M	-8.3M
Interest Income	566K	606K	238K	252K	76K	0	0	0	0	0
Interest Expense	3.52M	8.98M	15.71M	14.28M	10.26M	5.82M	5.87M	8.85M	10.32M	8.3M
Other Income/Expense	-3.36M	-14.35M	-15.37M	-15.59M	-8.05M	-9.98M	-5.96M	-7.7M	-9.64M	-6.36M
Pretax Income	19.08M▲ 0%	18.39M▼ 3.6%	33.14M▲ 80.3%	17.08M▼ 48.5%	-644K▼ 103.8%	28.43M▲ 4513.8%	49.23M▲ 73.2%	67.67M▲ 37.5%	70.12M▲ 3.6%	76.73M▲ 0%
Pretax Margin %	7.22%	5.96%	8.03%	4.45%	-0.23%	7.99%	11.17%	13.68%	14.07%	14.7%
Income Tax	4.1M	5.17M	9.97M	5.14M	-1.52M	8.33M	15.57M	16.09M	16.6M	17.93M
Effective Tax Rate %	21.48%	28.12%	30.09%	30.11%	236.18%	29.32%	31.62%	23.77%	23.68%	23.37%
Net Income	14.64M▲ 0%	11.91M▼ 18.7%	22.76M▲ 91.1%	11.94M▼ 47.5%	877K▼ 92.7%	20.09M▲ 2191.0%	33.67M▲ 67.6%	51.59M▲ 53.2%	53.52M▲ 3.7%	58.8M▲ 0%
Net Margin %	5.54%	3.86%	5.51%	3.11%	0.32%	5.65%	7.64%	10.43%	10.74%	11.26%
Net Income Growth %	-36.37%	-18.65%	91.07%	-47.54%	-92.65%	2190.99%	67.56%	53.23%	3.74%	26.1%
Net Income (Continuing)	14.98M	13.22M	23.17M	11.94M	877K	20.09M	33.67M	51.59M	53.52M	58.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.62M	5.93M	4.2M	0	0	0	0	0	0	0
EPS (Diluted)	0.45▲ 0%	0.36▼ 20.0%	0.69▲ 91.7%	0.36▼ 47.8%	0.03▼ 92.7%	0.60▲ 2181.4%	1.00▲ 66.7%	1.51▲ 51.0%	1.57▲ 4.0%	1.78▲ 0%
EPS Growth %	-36.62%	-20%	91.67%	-47.83%	-92.69%	2181.37%	66.67%	51%	3.97%	29.41%
EPS (Basic)	0.45	0.37	0.70	0.36	0.03	0.60	1.01	1.53	1.59	-
Diluted Shares Outstanding	32.63M	32.8M	33.05M	33.15M	33.34M	33.51M	33.75M	34.07M	34.06M	32.99M
Basic Shares Outstanding	32.3M	32.42M	32.57M	32.76M	33.13M	33.31M	33.47M	33.67M	33.71M	32.76M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

THR Balance Sheet

Thermon Group Holdings, Inc. (THR) balance sheet — assets, liabilities & shareholders' equity

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Total Current Assets	198.17M	220.19M	239.78M	217.94M	206.81M	244.44M	250.94M	274.6M	274.29M	320.62M
Cash & Short-Term Investments	42.84M	33.88M	31.4M	43.24M	40.12M	41.45M	35.63M	48.63M	39.54M	46.86M
Cash Only	42.84M	33.88M	31.4M	43.24M	40.12M	41.45M	35.63M	48.63M	39.54M	46.86M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	70.72M	112.41M	136.17M	105.21M	94.11M	119.56M	117.04M	125.64M	129.25M	136.99M
Days Sales Outstanding	97.73	132.95	120.44	100.14	124.38	122.69	96.96	92.71	94.69	89.33
Inventory	34.02M	63.83M	64.89M	60.27M	63.79M	71.65M	82.13M	86.32M	88.98M	116.99M
Days Inventory Outstanding	81.59	141.37	100.06	99.17	146.15	121.32	117.35	111.31	117.97	133.53
Other Current Assets	3.48M	1.7M	0	0	0	0	16.14M	3.59M	16.53M	19.79M
Total Non-Current Assets	255.91M	442.28M	415.98M	402.97M	411.07M	392.23M	398.69M	493.14M	481.16M	496.08M
Property, Plant & Equipment	43.27M	74.48M	74.95M	89.18M	85.25M	76.57M	76.86M	81.95M	84.02M	95.11M
Fixed Asset Turnover	6.10x	4.14x	5.51x	4.30x	3.24x	4.64x	5.73x	6.04x	5.93x	5.93x
Goodwill	122.52M	210.57M	205M	197.98M	213.04M	212.75M	219.61M	270.79M	264.33M	271.39M
Intangible Assets	86.18M	151.43M	126.6M	104.55M	103.78M	94.91M	93.97M	127.09M	115.28M	107.37M
Long-Term Investments	0	0	815K	0	0	0	26K	0	0	0
Other Non-Current Assets	1.12M	2.37M	4.79M	8.36M	6.41M	6.79M	7.53M	12.24M	16.64M	77.06M
Total Assets	454.08M▲ 0%	662.48M▲ 45.9%	655.76M▼ 1.0%	620.9M▼ 5.3%	617.88M▼ 0.5%	636.67M▲ 3.0%	649.63M▲ 2.0%	767.74M▲ 18.2%	755.45M▼ 1.6%	816.7M▲ 0%
Asset Turnover	0.58x	0.47x	0.63x	0.62x	0.45x	0.56x	0.68x	0.64x	0.66x	0.67x
Asset Growth %	14.5%	45.89%	-1.01%	-5.32%	-0.49%	3.04%	2.04%	18.18%	-1.6%	8.68%
Total Current Liabilities	52.32M	62.4M	73.05M	60.63M	52.8M	81M	110.07M	109.27M	112.66M	110.6M
Accounts Payable	15.68M	23M	22.7M	25.07M	19.72M	33.57M	27.33M	31.4M	31.18M	38.89M
Days Payables Outstanding	37.61	50.93	35.01	41.25	45.19	56.84	39.05	40.48	41.34	45.81
Short-Term Debt	20.25M	2.5M	13.72M	2.5M	2.5M	7.93M	24.72M	19.63M	18M	11.69M
Deferred Revenue (Current)	2.94M	8.66M	7.6M	4.89M	3.24M	8.41M	8.48M	20.53M	19.6M	55.79M
Other Current Liabilities	4.61M	5.84M	22.39M	13.02M	12.39M	16.79M	13.45M	18.3M	23.38M	53.68M
Current Ratio	3.79x	3.53x	3.28x	3.59x	3.92x	3.02x	2.28x	2.51x	2.43x	2.43x
Quick Ratio	3.14x	2.51x	2.39x	2.60x	2.71x	2.13x	1.53x	1.72x	1.64x	1.64x
Cash Conversion Cycle	141.7	223.39	185.5	158.05	225.34	187.18	175.26	163.53	171.31	177.06
Total Non-Current Liabilities	89.25M	259.22M	233.76M	213.83M	186.21M	156.47M	120.57M	183.58M	147.47M	167.4M
Long-Term Debt	60.23M	214.53M	197.73M	169.05M	143.02M	120.43M	87.71M	151.96M	120.37M	148.49M
Capital Lease Obligations	0	0	386K	15.57M	12.37M	9.66M	12.48M	12.63M	9.3M	39.82M
Deferred Tax Liabilities	25.66M	34.25M	28.14M	22.25M	21.01M	17.94M	12.08M	9.44M	9.76M	38.54M
Other Non-Current Liabilities	3.37M	10.44M	7.51M	6.96M	9.81M	8.43M	8.3M	9.55M	8.05M	22.93M
Total Liabilities	80.48M	225M	306.81M	274.47M	239.01M	237.47M	230.64M	292.85M	260.14M	278M
Total Debt	80.48M	217.03M	211.45M	190.68M	161.4M	141.64M	128.28M	187.49M	151.69M	173.15M
Net Debt	37.63M	183.15M	180.05M	147.44M	121.28M	100.2M	92.64M	138.86M	112.15M	126.3M
Debt / Equity	0.25x	0.63x	0.60x	0.55x	0.43x	0.35x	0.31x	0.39x	0.31x	0.31x
Debt / EBITDA	2.00x	3.80x	-	3.13x	5.74x	2.42x	1.72x	1.99x	1.49x	1.64x
Net Debt / EBITDA	0.93x	3.20x	-	2.42x	4.31x	1.71x	1.24x	1.47x	1.10x	1.10x
Interest Coverage	6.38x	3.64x	-3.09x	2.29x	0.72x	6.60x	9.40x	8.52x	7.72x	10.25x
Total Equity	317.12M▲ 0%	346.78M▲ 9.4%	353.15M▲ 1.8%	346.44M▼ 1.9%	378.87M▲ 9.4%	399.2M▲ 5.4%	418.99M▲ 5.0%	474.89M▲ 13.3%	495.31M▲ 4.3%	538.7M▲ 0%
Equity Growth %	4.67%	9.35%	1.84%	-1.9%	9.36%	5.37%	4.96%	13.34%	4.3%	26.63%
Book Value per Share	9.72	10.57	10.68	10.45	11.36	11.91	12.42	13.94	14.54	16.33
Total Shareholders' Equity	312.5M	340.85M	348.95M	346.44M	378.87M	399.2M	418.99M	474.89M	495.31M	538.7M
Common Stock	32K	32K	33K	33K	33K	33K	33K	34K	33K	33K
Retained Earnings	136.9M	148.81M	170.62M	182.56M	183.44M	203.53M	237.19M	288.78M	342.3M	384.12M
Treasury Stock	0	0	0	0	0	0	0	-250K	-20.39M	-36.16M
Accumulated OCI	-48.34M	-36.54M	-48.95M	-63.89M	-35.92M	-38.91M	-58.1M	-57.23M	-72.83M	-57.37M
Minority Interest	4.62M	5.93M	4.2M	0	0	0	0	0	0	0

THR Cash Flow Statement

Thermon Group Holdings, Inc. (THR) cash flow — operating, investing & free cash flow history

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Cash from Operations	26.44M	21.91M	23.23M	70.73M	30.29M	28.75M	57.71M	65.95M	63.12M	63.12M
Operating CF Margin %	10.01%	7.1%	5.63%	18.44%	10.97%	8.08%	13.1%	13.33%	12.67%	-
Operating CF Growth %	-44.82%	-17.11%	5.99%	204.5%	-57.17%	-5.07%	100.72%	14.28%	-4.3%	40.13%
Net Income	14.98M	13.22M	23.17M	11.94M	1.17M	20.09M	33.67M	51.59M	53.52M	58.8M
Depreciation & Amortization	17.83M	24.42M	29.96M	28.27M	20.72M	20.2M	19.23M	18.84M	22.34M	17.18M
Stock-Based Compensation	3.4M	3.52M	4.15M	4.96M	3.73M	3.8M	0	5.75M	5.24M	3.17M
Deferred Taxes	-3.39M	-11.34M	-4.42M	-4.14M	-2.99M	-1.57M	-4.56M	-2.08M	-2.13M	-283K
Other Non-Cash Items	542K	3.67M	2.76M	5.47M	3.21M	2.45M	5.69M	-211K	522K	6.46M
Working Capital Changes	-6.93M	-11.57M	-32.4M	24.23M	4.46M	-16.23M	3.69M	-7.93M	-16.38M	-17.12M
Change in Receivables	-5.21M	-13.82M	-14.54M	21.67M	22.93M	-25.03M	1.14M	-641K	-4.22M	780K
Change in Inventory	6.58M	-9.06M	-3.43M	1.41M	-549K	-8.6M	-8.84M	3.78M	-698K	-22.12M
Change in Payables	-4.61M	2M	-21K	3.41M	-5.65M	13.75M	-7.12M	2.71M	-1.16M	7.34M
Cash from Investing	-51.99M	-166.47M	-10.07M	-10.01M	-7.83M	-4.53M	-44.55M	-109.52M	-14.97M	-13.53M
Capital Expenditures	-8.37M	-10.01M	-12.04M	-10.86M	-8.13M	-5.22M	-9.45M	-11.02M	-10.25M	-13.47M
CapEx % of Revenue	3.17%	3.24%	2.92%	2.83%	2.94%	1.47%	2.15%	2.23%	2.06%	-
Acquisitions	1.16M	-202.69M	-4.65M	0	300K	0	-35.1M	-99.44M	-10.54M	-134K
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.16M	949K	1.01M	845K	0	689K	0	939K	5.82M	83K
Cash from Financing	-14.66M	133.94M	-14.1M	-46.54M	-28.2M	-22.66M	-13.46M	56.53M	-56.42M	-44.32M
Debt Issued (Net)	-13.76M	143.74M	-40.53M	-42.08M	-27.77M	-20.82M	-12.68M	59.6M	-33.68M	-161.43M
Equity Issued (Net)	-621K	-481K	-598K	-969K	-784K	-673K	-643K	-1000K	-1000K	-3.05M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-621K	-481K	-598K	-969K	-784K	-673K	-643K	-2.31M	-23.37M	-39.52M
Other Financing	-280K	-9.31M	27.02M	-3.49M	353K	-1.17M	-142K	-759K	632K	156.63M
Net Change in Cash	-41.73M▲ 0%	-8.96M▲ 78.5%	-2.49M▲ 72.3%	12.16M▲ 589.3%	-3.56M▼ 129.2%	1.48M▲ 141.6%	-5.44M▼ 467.1%	11.91M▲ 319.1%	-9.01M▼ 175.6%	12.02M▲ 0%
Free Cash Flow	18.07M▲ 0%	11.91M▼ 34.1%	11.19M▼ 6.0%	59.87M▲ 435.0%	22.16M▼ 63.0%	23.53M▲ 6.2%	48.26M▲ 105.1%	54.94M▲ 13.8%	52.87M▼ 3.8%	54.73M▲ 0%
FCF Margin %	6.84%	3.86%	2.71%	15.61%	8.02%	6.62%	10.95%	11.11%	10.61%	10.48%
FCF Growth %	-48.87%	-34.11%	-6.01%	434.99%	-62.99%	6.21%	105.07%	13.84%	-3.77%	-5.82%
FCF per Share	0.55	0.36	0.34	1.81	0.66	0.70	1.43	1.61	1.55	1.55
FCF Conversion (FCF/Net Income)	1.81x	1.84x	1.02x	5.92x	34.54x	1.43x	1.71x	1.28x	1.18x	0.93x
Interest Paid	3.08M	7.35M	13.96M	12.4M	8.74M	5.7M	5.77M	9.18M	10.4M	0
Taxes Paid	9.28M	-7.73M	22.26M	12.61M	9.67M	9.79M	14.93M	23.13M	16.5M	0

THR Key Ratios

Thermon Group Holdings, Inc. (THR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	4.72%	3.59%	6.5%	3.41%	0.24%	5.16%	8.23%	11.54%	11.03%	10.91%
Return on Invested Capital (ROIC)	5.05%	5.55%	-6.84%	4.77%	1.12%	5.76%	8.19%	10.05%	9.8%	9.8%
Gross Margin	42.38%	46.6%	42.64%	42.15%	42.32%	39.4%	42.02%	42.77%	44.74%	44.77%
Net Margin	5.54%	3.86%	5.51%	3.11%	0.32%	5.65%	7.64%	10.43%	10.74%	11.26%
Debt / Equity	0.25x	0.63x	0.60x	0.55x	0.43x	0.35x	0.31x	0.39x	0.31x	0.31x
Interest Coverage	6.38x	3.64x	-3.09x	2.29x	0.72x	6.60x	9.40x	8.52x	7.72x	10.25x
FCF Conversion	1.81x	1.84x	1.02x	5.92x	34.54x	1.43x	1.71x	1.28x	1.18x	0.93x
Revenue Growth	-6.31%	16.84%	33.71%	-7.07%	-27.98%	28.78%	23.87%	12.27%	0.72%	6.15%

THR SEC Filings & Documents

Thermon Group Holdings, Inc. (THR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 23, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

FY 2025

May 22, 2025·SEC

FY 2024

May 29, 2024·SEC

10-Q Quarterly Reports

FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

THR Frequently Asked Questions

Thermon Group Holdings, Inc. (THR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Thermon Group Holdings, Inc. (THR) reported $522.0M in revenue for fiscal year 2025. This represents a 157% increase from $202.8M in 2009.

Thermon Group Holdings, Inc. (THR) grew revenue by 0.7% over the past year. Growth has been modest.

Yes, Thermon Group Holdings, Inc. (THR) is profitable, generating $58.8M in net income for fiscal year 2025 (10.7% net margin).

Dividend & Returns

Thermon Group Holdings, Inc. (THR) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

Thermon Group Holdings, Inc. (THR) generated $54.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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