Thermon Group Holdings, Inc. (THR) Revenue History
Annual and quarterly revenue from 2009 to present
THR Revenue Over Time (2009–2026)
THR Revenue Growth History
10 of 17 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- -5.0%
- FY2011 revenue growth
- +52.6%
- FY2012 revenue growth
- -8.0%
- FY2013 revenue growth
- +5.0%
- FY2014 revenue growth
- -2.4%
- FY2015 revenue growth
- +11.3%
- FY2016 revenue growth
- -8.6%
- FY2017 revenue growth
- -6.3%
- FY2018 revenue growth
- +16.8%
- FY2019 revenue growth
- +33.7%
- FY2020 revenue growth
- -7.1%
- FY2021 revenue growth
- -28.0%
- FY2022 revenue growth
- +28.8%
- FY2023 revenue growth
- +23.9%
- FY2024 revenue growth
- +12.3%
- FY2025 revenue growth
- +0.7%
- FY2026 revenue growth
- +7.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $148.3M | +10.6% |
| Q3 2026 | $147.3M | +9.6% |
| Q2 2026 | $131.7M | +14.9% |
| Q1 2026 | $108.9M | -5.4% |
| Q4 2025 | $134.1M | +5.0% |
| Q3 2025 | $134.4M | -1.5% |
| Q2 2025 | $114.6M | -7.3% |
| Q1 2025 | $115.1M | +7.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
THR's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
THR Revenue Analysis (2009–2026)
Current Revenue & Growth
As of June 22, 2026, Thermon Group Holdings, Inc. (THR) generated trailing twelve-month (TTM) revenue of $536.3 million, reflecting strong growth of +10.6% year-over-year. The most recent quarter (Q4 2026) recorded $148.3 million in revenue, up 0.7% sequentially.
Historical Growth Trajectory
THR's 5-year compound annual growth rate (CAGR) stands at +14.2%, indicating consistent double-digit revenue growth. The 3-year CAGR of +6.8% is below the 5-year average, signalling a growth deceleration in recent years. Thermon Group Holdings, Inc.'s highest annual revenue of $536.3 million was recorded in 2026, an all-time high.
Revenue by Segment
THR's revenue is primarily driven by United States Segment (100%). With over half of revenue concentrated in United States Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including BDC (+9.3% YoY), REZI (+8.1% YoY), and TRMK — THR has underperformed the peer group in revenue growth. Compare THR vs BDC →
THR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| THRCurrent | $536M | +10.6% | +14.2% | 13.2% | |
 BDC | $2.7B | +9.3% | +9.2% | 12.2% | |
 REZI | $7.5B | +8.1% | +8.1% | 8.6% | |
 TRMK | $1.1B | - | - | 25.5% | |
 ENS | $3.8B | +3.7% | +4.7% | 12.7% | |
 GNSS | $41M | +114.0% | -1.1% | -41.2% |
THR Historical Revenue Data (2009–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $536.3M | +7.6% | $243.1M | 45.3% | $70.7M | 13.2% |
| 2025 | $498.2M | +0.7% | $222.9M | 44.7% | $79.8M | 16.0% |
| 2024 | $494.6M | +12.3% | $211.6M | 42.8% | $75.4M | 15.2% |
| 2023 | $440.6M | +23.9% | $185.1M | 42.0% | $55.2M | 12.5% |
| 2022 | $355.7M | +28.8% | $140.1M | 39.4% | $38.4M | 10.8% |
| 2021 | $276.2M | -28.0% | $116.9M | 42.3% | $7.4M | 2.7% |
| 2020 | $383.5M | -7.1% | $161.6M | 42.1% | $32.7M | 8.5% |
| 2019 | $412.6M | +33.7% | $175.9M | 42.6% | $-48,509,000 | -11.8% |
| 2018 | $308.6M | +16.8% | $143.8M | 46.6% | $32.7M | 10.6% |
| 2017 | $264.1M | -6.3% | $111.9M | 42.4% | $22.4M | 8.5% |
| 2016 | $281.9M | -8.6% | $131.3M | 46.6% | $36.8M | 13.0% |
| 2015 | $308.6M | +11.3% | $154.7M | 50.1% | $67.1M | 21.7% |
| 2014 | $277.3M | -2.4% | $135.2M | 48.7% | $58.6M | 21.1% |
| 2013 | $284.0M | +5.0% | $132.8M | 46.8% | $57.0M | 20.1% |
| 2012 | $270.5M | -8.0% | $132.1M | 48.8% | $44.5M | 16.4% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
THR — Frequently Asked Questions
Quick answers to the most common questions about buying THR stock.
Is THR's revenue growth accelerating or slowing?
THR revenue growth is holding steady at +10.6% year-over-year. TTM revenue is $536M. The current growth rate closely tracks the 5-year CAGR of +14.2%, signalling consistent execution.
What is THR's revenue history from 2009 to 2026?
Thermon Group Holdings, Inc. (THR) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $536M, growing at +10.6% YoY. The 5-year CAGR is +14.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is THR's long-term revenue growth rate (CAGR)?
Thermon Group Holdings, Inc.'s 5-year revenue CAGR of +14.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +10.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for THR.
Why does THR's quarterly revenue fluctuate?
THR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Thermon Group Holdings, Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is THR's revenue distributed by segment?
THR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does THR's revenue compare to industry peers?
Thermon Group Holdings, Inc. (THR) with TTM revenue of $536M and +10.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.