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TH

Thermon Group Holdings, Inc.

THRIndustrialsNASDAQ

Specialty Industrial Machinery

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Financials · Annual
Revenue
$536.3M
+7.6% YoY
Net Income
$44.6M
-16.7% YoY
EBITDA
$94.7M
-7.9% YoY
Free Cash Flow
$26.6M

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About Thermon Group Holdings, Inc.

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 $2.01B market capitalization puts THR squarely in mid-cap range for its industry. It provides 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.

Key stats
Market Cap$2.01B
P/E (TTM)44.96
Fwd P/E24.59
EPS$1.36
Beta0.83
52W Change+136.3%
ROE8.6%
Analysis

The company holds $52.3M in cash, though total debt stands at $157.9M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $26.6M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 8.6% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 5.6% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $440.6M (2023) to $536.3M (2026), reflecting a 22% increase over the period.

Investors considering Thermon Group Holdings, Inc. should weigh the typical risks associated with THR's sector, size, and financial profile against their own risk tolerance and investment objectives. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Thermon Group Holdings, Inc. and its sector.

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