Symbols / THR Stock $54.18 +0.20% Thermon Group Holdings, Inc.

Industrials • Specialty Industrial Machinery • United States • NYQ
THR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Specialty Industrial Machinery
CEO Mr. Bruce A. Thames
Exch · Country NYQ · United States
Market Cap 1.78B
Enterprise Value 1.89B
Income 58.80M
Sales 522.01M
FCF (ttm) 44.37M
Book/sh 16.40
Cash/sh 1.43
Employees 1,568
Insider 10d —
IPO May 05, 2011
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 30.61
Forward P/E 23.97
PEG 0.98
P/S 3.41
P/B 3.30
P/C —
EV/EBITDA 17.48
EV/Sales 3.63
Quick Ratio 1.66
Current Ratio 2.90
Debt/Eq 29.73
LT Debt/Eq —
EPS (ttm) 1.77
EPS next Y 2.26
EPS Growth 1.90%
Revenue Growth 9.60%
EPS Gr Q/Q -1.30%
Rev Gr Q/Q —
Earnings (next) 2026-05-21
Earnings (prior) 2026-02-05
ROA 6.77%
ROE 11.45%
ROIC —
Gross Margin 45.56%
Oper. Margin 18.09%
Profit Margin 11.26%
Shs Outstand 32.87M
Shs Float 32.08M
Insider Own 2.38%
Instit Own 104.08%
Short Float 2.65%
Short Ratio 2.00
Short Interest 758.89K
52W High 58.56
vs 52W High -7.48%
52W Low 23.86
vs 52W Low 127.07%
Beta 0.72
Impl. Vol. 3.91%
Rel Volume 0.67
Avg Volume 558.31K
Volume 375.13K
Target (mean) $51.00
Tgt Median $51.00
Tgt Low $51.00
Tgt High $51.00
# Analysts 3
Recom None
Prev Close $54.07
Price $54.18
Change 0.20%
About

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services; tubing bundle solutions comprising bundle design services, heated, and insulated sample lines; temporary power systems; heated blankets; and electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other complementary products and services. It also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions that offer electric or gas-powered space heating for hazardous and non-hazardous areas under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and electric resistance, electrode, and fired coil tube boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, the company offers project services, such as engineering and design, procurement and project management, turnkey construction installation, recurring facility assessment or audit, and maintenance services. Further, it operates an electron cross-linking facility. The company serves the general industrial, chemical and petrochemical, oil, gas, power generation, commercial, food and beverage, rail and transit, and other markets. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$51.00
Mean price target
2. Current target
$54.18
Latest analyst target
3. DCF / Fair value
$24.30
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$54.18
Low
$51.00
High
$51.00
Mean
$51.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-25 down William Blair Outperform → Market Perform —
2026-02-03 main Roth Capital Buy → Buy $54
2024-05-30 main Roth MKM Buy → Buy $38
2024-04-29 init CJS Securities — → Market Outperform $42
2024-03-06 init Roth MKM — → Buy $36
2021-08-09 main Rosenblatt — → Buy $26
2021-03-17 main Rosenblatt — → Buy $26
2020-11-09 main Rosenblatt — → Buy $18
2020-04-22 main Rosenblatt — → Buy $19
2020-03-16 init Rosenblatt — → Buy $22
2018-11-02 main BMO Capital Outperform → Outperform $29
2018-11-01 up SunTrust Robinson Humphrey Hold → Buy $28
2018-08-02 main BMO Capital Outperform → Outperform $31
2018-02-09 main BMO Capital Outperform → Outperform $31
2017-11-29 up William Blair Market Perform → Outperform —
2017-10-24 main BMO Capital — → Outperform $25
2017-10-05 main BMO Capital — → Outperform $24
2017-08-03 main BMO Capital — → Outperform $21
2017-07-11 init Wolfe Research — → Peer Perform —
2017-03-27 up BMO Capital Market Perform → Outperform $23
News
RSS: Latest THR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 FIX ROGER L Director — 531 $51.78 $27,495
2026-04-01 GEORGE MARCUS J Director — 531 $51.78 $27,495
2026-04-01 CLARKE JOHN U Director — 531 $51.78 $27,495
2026-04-01 RICHEY VICTOR L JR Director — 531 $51.78 $27,495
2026-04-01 STRZELECKI ANGELA Director — 531 $51.78 $27,495
2026-04-01 DALGETTY LINDA A Director — 531 $51.78 $27,495
2025-12-31 FIX ROGER L Director — 740 $37.16 $27,498
2025-12-31 GEORGE MARCUS J Director — 740 $37.16 $27,498
2025-12-31 CLARKE JOHN U Director — 740 $37.16 $27,498
2025-12-31 RICHEY VICTOR L JR Director — 740 $37.16 $27,498
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
498.21
+0.72%
494.63
+12.27%
440.59
+23.87%
355.67
Operating Revenue
498.21
+0.72%
494.63
+12.27%
440.59
+23.87%
355.67
Cost Of Revenue
275.31
-2.74%
283.06
+10.80%
255.47
+18.51%
215.56
Reconciled Cost Of Revenue
266.65
-2.82%
274.39
+11.68%
245.68
+20.35%
204.14
Gross Profit
222.90
+5.36%
211.56
+14.28%
185.12
+32.12%
140.12
Operating Expense
143.44
+6.09%
135.21
+7.10%
126.24
+23.61%
102.13
Selling General And Administration
129.76
+3.76%
125.05
+7.07%
116.80
+25.13%
93.34
Selling And Marketing Expense
129.31
+4.43%
123.82
+5.83%
117.00
+25.74%
93.05
General And Administrative Expense
0.45
-63.28%
1.23
+691.83%
-0.21
-173.50%
0.28
Salaries And Wages
0.45
-63.28%
1.23
+691.83%
-0.21
-173.50%
0.28
Other Gand A
—
—
117.00
+25.74%
93.05
Total Expenses
418.75
+0.11%
418.27
+9.58%
381.71
+20.15%
317.68
Operating Income
79.46
+4.06%
76.36
+29.67%
58.88
+54.99%
37.99
Total Operating Income As Reported
79.76
+5.82%
75.37
+36.57%
55.19
+43.71%
38.41
EBITDA
102.78
+7.79%
95.36
+28.28%
74.33
+36.53%
54.45
Normalized EBITDA
102.41
+6.07%
96.54
+23.57%
78.13
+33.47%
58.54
Reconciled Depreciation
22.34
+18.59%
18.84
-2.05%
19.23
-4.82%
20.20
EBIT
80.44
+5.13%
76.52
+38.86%
55.10
+60.93%
34.24
Total Unusual Items
0.38
+131.57%
-1.19
+68.68%
-3.79
+7.28%
-4.09
Total Unusual Items Excluding Goodwill
0.38
+131.57%
-1.19
+68.68%
-3.79
+7.28%
-4.09
Special Income Charges
0.30
+130.59%
-0.98
+73.35%
-3.69
-71.37%
-2.15
Other Special Charges
—
—
—
2.57
Restructuring And Mergern Acquisition
-0.30
-130.59%
0.98
-73.35%
3.69
+992.03%
-0.41
Net Income
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Pretax Income
70.12
+3.61%
67.67
+37.46%
49.23
+73.20%
28.43
Net Non Operating Interest Income Expense
-10.32
-16.73%
-8.85
-50.66%
-5.87
-0.96%
-5.82
Interest Expense Non Operating
10.32
+16.73%
8.85
+50.66%
5.87
+0.96%
5.82
Net Interest Income
-10.32
-16.73%
-8.85
-50.66%
-5.87
-0.96%
-5.82
Interest Expense
10.32
+16.73%
8.85
+50.66%
5.87
+0.96%
5.82
Other Income Expense
0.99
+502.44%
0.16
+104.34%
-3.78
-0.75%
-3.75
Other Non Operating Income Expenses
0.61
-54.66%
1.35
+9557.14%
0.01
-95.88%
0.34
Gain On Sale Of Security
0.07
+136.27%
-0.20
-104.00%
-0.10
+94.83%
-1.94
Tax Provision
16.60
+3.22%
16.09
+3.33%
15.57
+86.81%
8.33
Tax Rate For Calcs
0.00
-24.68%
0.00
-0.06%
0.00
+7.86%
0.00
Tax Effect Of Unusual Items
0.09
+123.77%
-0.38
+68.70%
-1.20
0.00%
-1.20
Net Income Including Noncontrolling Interests
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Net Income From Continuing Operation Net Minority Interest
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Net Income From Continuing And Discontinued Operation
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Net Income Continuous Operations
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Minority Interests
—
—
—
0.00
Normalized Income
53.23
+1.58%
52.40
+44.51%
36.26
+57.76%
22.98
Net Income Common Stockholders
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Diluted EPS
1.57
+3.97%
1.51
+51.00%
1.00
+66.67%
0.60
Basic EPS
1.59
+3.92%
1.53
+51.49%
1.01
+68.33%
0.60
Basic Average Shares
33.71
+0.11%
33.67
+0.60%
33.47
+0.48%
33.31
Diluted Average Shares
34.06
-0.03%
34.07
+0.95%
33.75
+0.69%
33.52
Diluted NI Availto Com Stockholders
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Amortization
13.68
+34.68%
10.16
+7.53%
9.45
+7.47%
8.79
Amortization Of Intangibles Income Statement
13.68
+34.68%
10.16
+7.53%
9.45
+7.47%
8.79
Depreciation Amortization Depletion Income Statement
13.68
+34.68%
10.16
+7.53%
9.45
+7.47%
8.79
Depreciation And Amortization In Income Statement
13.68
+34.68%
10.16
+7.53%
9.45
+7.47%
8.79
Line Item Trend 2025-03-31 2024-03-31
Total Assets
755.45
-1.60%
767.74
Current Assets
274.29
-0.11%
274.60
Cash Cash Equivalents And Short Term Investments
39.54
-18.70%
48.63
Cash And Cash Equivalents
39.54
-18.70%
48.63
Receivables
129.25
+2.87%
125.64
Accounts Receivable
109.83
+2.34%
107.32
Gross Accounts Receivable
111.06
+2.13%
108.75
Allowance For Doubtful Accounts Receivable
-1.23
+13.87%
-1.43
Other Receivables
19.19
+14.97%
16.69
Taxes Receivable
0.23
-85.83%
1.63
Inventory
88.98
+3.08%
86.32
Raw Materials
56.28
-3.29%
58.20
Work In Process
12.42
+132.70%
5.34
Finished Goods
23.56
-11.26%
26.55
Prepaid Assets
—
—
Other Current Assets
16.53
+17.96%
14.01
Total Non Current Assets
481.16
-2.43%
493.14
Net PPE
84.02
+2.52%
81.95
Gross PPE
159.79
+2.84%
155.37
Accumulated Depreciation
-75.77
-3.20%
-73.42
Properties
60.23
+4.73%
57.51
Machinery Furniture Equipment
85.24
+3.69%
82.20
Construction In Progress
3.13
+53.06%
2.04
Other Properties
11.19
-17.78%
13.61
Goodwill And Other Intangible Assets
379.61
-4.59%
397.88
Goodwill
264.33
-2.38%
270.79
Other Intangible Assets
115.28
-9.29%
127.09
Non Current Deferred Assets
0.90
-16.67%
1.07
Non Current Deferred Taxes Assets
0.90
-16.67%
1.07
Other Non Current Assets
16.64
+35.91%
12.24
Total Liabilities Net Minority Interest
260.14
-11.17%
292.85
Current Liabilities
112.66
+3.11%
109.27
Payables And Accrued Expenses
47.66
+0.24%
47.54
Payables
39.45
+0.82%
39.14
Accounts Payable
31.18
-0.67%
31.40
Other Payable
1.01
-25.81%
1.36
Current Accrued Expenses
8.20
-2.41%
8.41
Pensionand Other Post Retirement Benefit Plans Current
20.61
+19.01%
17.32
Total Tax Payable
7.26
+13.78%
6.38
Income Tax Payable
4.06
+44.08%
2.82
Current Debt And Capital Lease Obligation
22.02
-3.82%
22.90
Current Debt
18.00
-8.28%
19.62
Other Current Borrowings
18.00
+23.08%
14.62
Current Capital Lease Obligation
4.02
+22.91%
3.27
Current Deferred Liabilities
19.60
-4.52%
20.53
Current Deferred Revenue
19.60
-4.52%
20.53
Total Non Current Liabilities Net Minority Interest
147.47
-19.67%
183.58
Long Term Debt And Capital Lease Obligation
129.66
-21.22%
164.59
Long Term Debt
120.37
-20.79%
151.96
Long Term Capital Lease Obligation
9.30
-26.40%
12.63
Non Current Deferred Liabilities
9.76
+3.36%
9.44
Non Current Deferred Taxes Liabilities
9.76
+3.36%
9.44
Other Non Current Liabilities
8.05
-15.70%
9.55
Stockholders Equity
495.31
+4.30%
474.89
Common Stock Equity
495.31
+4.30%
474.89
Capital Stock
0.03
-2.94%
0.03
Common Stock
0.03
-2.94%
0.03
Preferred Stock
0.00
0.00
Share Issued
33.95
+0.64%
33.73
Ordinary Shares Number
33.24
-1.42%
33.72
Treasury Shares Number
0.70
+8655.84%
0.01
Additional Paid In Capital
246.20
+1.09%
243.56
Retained Earnings
342.30
+18.53%
288.78
Gains Losses Not Affecting Retained Earnings
-72.83
-27.25%
-57.23
Treasury Stock
20.39
+8055.20%
0.25
Minority Interest
—
—
Other Equity Adjustments
-72.83
-27.25%
-57.23
Total Equity Gross Minority Interest
495.31
+4.30%
474.89
Total Capitalization
615.68
-1.78%
626.84
Working Capital
161.63
-2.24%
165.33
Invested Capital
633.68
-1.98%
646.47
Total Debt
151.69
-19.10%
187.49
Net Debt
98.83
-19.62%
122.95
Capital Lease Obligations
13.32
-16.26%
15.91
Net Tangible Assets
115.70
+50.24%
77.01
Tangible Book Value
115.70
+50.24%
77.01
Current Provisions
2.77
+182.82%
0.98
Interest Payable
0.61
+24.09%
0.49
Inventories Adjustments Allowances
-3.29
+12.74%
-3.77
Line Of Credit
0.00
-100.00%
5.00
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
63.12
-4.30%
65.95
+14.28%
57.71
+100.72%
28.75
Cash Flow From Continuing Operating Activities
63.12
-4.30%
65.95
+14.28%
57.71
+100.72%
28.75
Net Income From Continuing Operations
53.52
+3.74%
51.59
+53.23%
33.67
+67.56%
20.09
Depreciation Amortization Depletion
22.34
+18.59%
18.84
-2.05%
19.23
-4.82%
20.20
Depreciation And Amortization
22.34
+18.59%
18.84
-2.05%
19.23
-4.82%
20.20
Other Non Cash Items
0.52
+276.95%
-0.29
+50.59%
-0.60
-271.06%
0.35
Stock Based Compensation
5.24
-8.86%
5.75
-3.36%
5.95
+56.56%
3.80
Asset Impairment Charge
0.00
0.00
-100.00%
0.30
0.00
Deferred Tax
-2.13
-6.62%
-2.00
+55.92%
-4.53
-188.10%
-1.57
Deferred Income Tax
-2.13
-6.62%
-2.00
+55.92%
-4.53
-188.10%
-1.57
Operating Gains Losses
—
—
—
2.10
Gain Loss On Investment Securities
—
—
—
-0.77
Change In Working Capital
-16.38
-106.39%
-7.93
-315.13%
3.69
+122.73%
-16.23
Change In Receivables
-4.22
-681.48%
-0.54
+81.46%
-2.91
+88.37%
-25.03
Changes In Account Receivables
-4.22
-681.48%
-0.54
+81.46%
-2.91
+86.60%
-21.74
Change In Inventory
-0.70
-118.48%
3.78
+142.74%
-8.84
-2.80%
-8.60
Change In Payables And Accrued Expense
2.25
+161.79%
-3.65
-190.57%
4.03
-74.79%
15.98
Change In Accrued Expense
3.41
+153.66%
-6.36
-157.01%
11.15
+400.54%
2.23
Change In Payable
-1.16
-142.70%
2.71
+138.03%
-7.12
-151.77%
13.75
Change In Account Payable
-1.16
-142.70%
2.71
+138.03%
-7.12
-151.77%
13.75
Change In Other Working Capital
-4.31
-66.43%
-2.59
-122.80%
11.35
+163.07%
4.32
Change In Other Current Assets
-9.40
-90.52%
-4.93
-8757.89%
0.06
+101.97%
-2.89
Investing Cash Flow
-14.97
+86.33%
-109.52
-145.81%
-44.55
-883.34%
-4.53
Cash Flow From Continuing Investing Activities
-14.97
+86.33%
-109.52
-145.81%
-44.55
-883.34%
-4.53
Net PPE Purchase And Sale
-4.42
+56.09%
-10.08
-8.87%
-9.26
-104.28%
-4.53
Purchase Of PPE
-10.25
+6.96%
-11.02
-16.53%
-9.45
-81.09%
-5.22
Sale Of PPE
5.82
+520.23%
0.94
+376.65%
0.20
-71.41%
0.69
Capital Expenditure
-10.25
+6.96%
-11.02
-16.53%
-9.45
-81.09%
-5.22
Net Business Purchase And Sale
-10.54
+89.40%
-99.44
-181.72%
-35.30
0.00
Purchase Of Business
-10.54
+89.50%
-100.47
-184.63%
-35.30
0.00
Gain Loss On Sale Of Business
—
0.00
0.00
-100.00%
0.31
Financing Cash Flow
-56.42
-199.80%
56.53
+519.85%
-13.46
+40.57%
-22.66
Cash Flow From Continuing Financing Activities
-56.42
-199.80%
56.53
+519.85%
-13.46
+40.57%
-22.66
Net Issuance Payments Of Debt
-33.68
-156.52%
59.60
+564.83%
-12.82
+38.41%
-20.82
Issuance Of Debt
12.00
-89.83%
118.00
+242.03%
34.50
-78.20%
158.25
Repayment Of Debt
-45.68
+21.78%
-58.40
-23.41%
-47.32
+73.57%
-179.07
Long Term Debt Issuance
0.00
-100.00%
100.00
0.00
-100.00%
139.79
Long Term Debt Payments
-28.68
+7.17%
-30.90
-13.10%
-27.32
+84.02%
-170.94
Net Long Term Debt Issuance
-28.68
-141.51%
69.10
+352.91%
-27.32
+12.27%
-31.14
Short Term Debt Issuance
12.00
-33.33%
18.00
-47.83%
34.50
+86.90%
18.46
Short Term Debt Payments
-17.00
+38.18%
-27.50
-37.50%
-20.00
-145.88%
-8.13
Net Short Term Debt Issuance
-5.00
+47.37%
-9.50
-165.52%
14.50
+40.44%
10.32
Net Common Stock Issuance
-23.37
-912.48%
-2.31
-258.94%
-0.64
+4.46%
-0.67
Common Stock Payments
-23.37
-912.48%
-2.31
-258.94%
-0.64
+4.46%
-0.67
Repurchase Of Capital Stock
-23.37
-912.48%
-2.31
-258.94%
-0.64
+4.46%
-0.67
Proceeds From Stock Option Exercised
0.63
0.00
0.00
-100.00%
0.10
Net Other Financing Charges
—
-0.76
—
-1.26
Changes In Cash
-8.27
-163.79%
12.97
+4337.25%
-0.31
-119.55%
1.56
Effect Of Exchange Rate Changes
-0.74
+30.05%
-1.05
+9.52%
-1.17
-1288.10%
-0.08
Beginning Cash Position
50.43
+30.92%
38.52
-12.32%
43.93
+3.49%
42.45
End Cash Position
41.42
-17.86%
50.43
+30.92%
38.52
-12.32%
43.93
Free Cash Flow
52.87
-3.77%
54.94
+13.84%
48.26
+105.07%
23.53
Interest Paid Supplemental Data
10.40
+13.37%
9.18
+59.15%
5.77
+1.18%
5.70
Income Tax Paid Supplemental Data
16.50
-28.67%
23.13
+54.89%
14.93
+52.56%
9.79
Other Cash Adjustment Outside Changein Cash
0.00
0.00
+100.00%
-3.94
0.00
Sale Of Business
0.00
-100.00%
1.03
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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