Thermon Group Holdings, Inc. (THR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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THR Revenue Growth
Revenue Breakdown (FY 2025)
THR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
THR Revenue Analysis (2014–2025)
As of May 8, 2026, Thermon Group Holdings, Inc. (THR) generated trailing twelve-month (TTM) revenue of $522.0 million, reflecting solid growth of +9.6% year-over-year. The most recent quarter (Q3 2026) recorded $147.3 million in revenue, up 11.8% sequentially.
Looking at the longer-term picture, THR's 5-year compound annual growth rate (CAGR) stands at +5.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $498.2 million in 2025, representing a new all-time high.
Revenue diversification analysis shows THR's business is primarily driven by United States Segment (100%). With over half of revenue concentrated in United States Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including BDC (+9.3% YoY), REZI (+10.5% YoY), and TRMK, THR has underperformed the peer group in terms of 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 | $522M | +9.6% | +5.4% | 16.0% | |
 BDC | $2.7B | +9.3% | +9.2% | 12.2% | |
 REZI | $7.5B | +10.5% | +8.1% | 8.1% | |
 TRMK | $1.1B | - | - | 25.5% | |
 ENS | $3.6B | +5.2% | +3.2% | 12.8% | |
 GNSS | $41M | +91.4% | -1.1% | -41.2% |
THR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonTHR — Frequently Asked Questions
Quick answers to the most common questions about buying THR stock.
Is THR's revenue growth accelerating or slowing?
THR maintains +9.6% revenue growth, in line with its 5-year CAGR of +5.4%. TTM revenue stands at $522M. Growth rate remains consistent with historical average.
What is THR's long-term revenue growth rate?
Thermon Group Holdings, Inc.'s 5-year revenue CAGR of +5.4% reflects the sustained expansion pattern. Current YoY growth of +9.6% is near this long-term average.
How is THR's revenue distributed by segment?
THR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.