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Thermon Group Holdings, Inc. THR R2K

Industrials · Specialty Industrial Machinery · United States
https://www.thermon.com

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. 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. The company also offers smart, connected devices,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; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; electric resistance, electrode, and fired coil tube boilers under the Vapor Power, Precision Boilers, and Caloritech brands; and liquid load banks under the Pontus brand name. In addition, it provides project services, such as engineering and design, procurement and project management, turnkey construction installation, recurring facility assessment or audit, and maintenance services. Further, the company operates an electron cross-linking facility. It serves 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.

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$61.14
+135.70% 1Y

Market & Price

Market Cap
$2.01B
Current Price
$61.14
High / Low (52W)
$71.25 / $24.10
Beta
0.83

Valuation

Stock P/E
44.96
Industry PE
28.38
Forward P/E
24.59
PEG Ratio
0.98
Book Value
$16.40
Price to Book
3.73
P/S
3.76
EV/EBITDA
22.75
Dividend Yield
-

Profitability & Returns

ROCE
10.26%
ROE
8.62%
ROA
5.57%
Profit Margin
8.31%
Op Margin
7.27%
EPS (Latest Qtr)
$0.08
EPS (TTM)
$1.36

Balance Sheet & Liquidity

Debt/Equity
0.29
Quick Ratio
1.61
Current Ratio
2.69
Debt
$157.87M
Total Assets
$830.58M
Current Assets
$341.20M
Working Capital
$214.37M

Ownership

Promoter Holding
2.54%
Chg in Prom Hold
-
FII / Inst Holding
106.90%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$2.12B
Total Revenue (TTM)
$536.26M
EBITDA
$93.18M
Free Cash Flow
$26.60M
Operating Cash Flow
$46.80M
Shares Outstanding
32.94M
Gross Margin
45.32%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
6.77%
Profit 5Y
9.80%
Revenue (YoY)
10.60%
Earnings (YoY)
-83.70%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 THR Thermon Group Holdings, Inc. R2K 61.14 44.96 $2.01B - 10.26% 8.62% 6.77% 9.80%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Jun 2022Sep 2022Dec 2022Jun 2023Sep 2023Dec 2023Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------51.74M61.63M92.66M-88.90M90.15M119.36M-91.71M102.94M100.47M-56.85M66.41M79.60M-71.16M81.32M100.61M95.44M100.56M122.11M106.89M123.66M136.43M115.13M114.65M-134.08M108.90M131.72M147.31M148.33M
Cost of Revenue -----------------------------------74.65M60.85M70.65M78.66M83.05M
Gross Profit 28.92M28.62M28.27M23.81M30.96M42.21M28.27M23.81M30.96M42.21M46.82M39.73M40.36M50.88M44.97M37.14M45.43M43.48M35.58M24.12M28.93M36.96M26.86M26.54M31.72M40.75M37.23M45.93M50.45M47.31M54.46M57.41M50.43M50.91M-59.43M48.05M61.08M68.65M65.28M
Operating Expenses -----------------------------------36.29M36.32M39.50M42.00M54.50M
Operating Income 5.67M7.30M5.28M1.56M7.42M10.21M5.28M1.56M7.42M10.21M13.55M8.24M8.67M17.89M13.71M4.99M12.84M12.47M2.37M-6.75M3.05M10.16M-2.98M6.22M16.17M11.21M16.04M14.06M15.41M21.68M21.45M13.73M15.20M-23.14M11.73M21.58M26.65M10.78M
EBITDA -----------------------------------28.82M18.63M27.84M32.49M15.72M
Interest Expense -----------------------------------2.15M1.96M2.02M2.16M1.85M
Pretax Income -----------------------------------21.09M11.01M20.01M24.62M8.58M
Tax Provision -----------------------------------4.12M2.43M5.06M6.33M5.84M
Net Income 3.51M5.36M3.25M479.00K4.78M599.00K3.25M479.00K4.78M599.00K6.06M3.04M3.23M9.72M6.77M1.47M6.91M6.52M-2.97M----1.05M-1.05M----8.43M10.94M14.73M15.84M8.51M9.49M-16.97M8.58M14.95M18.29M2.75M
Diluted EPS 0.110.160.150.010.150.020.100.010.150.020.180.090.100.290.200.040.210.20-0.09-0.180.060.18-30.00-0.010.010.330.200.330.250.320.430.460.250.28-0.500.260.450.550.08

Profit & Loss (Annual)

Figures in USD.

Metric Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue ------264.13M308.61M412.64M383.49M276.18M-440.59M494.63M498.21M536.26M
Cost of Revenue ------------255.47M283.06M275.31M293.21M
Gross Profit 95.48M132.12M132.83M135.17M154.70M131.31M111.93M143.81M175.94M161.64M116.87M-185.12M211.56M222.90M243.06M
Operating Expenses ------------126.24M135.21M143.44M172.32M
Operating Income 22.82M44.46M56.99M58.62M67.06M36.76M22.44M32.74M48.51M32.66M7.41M-58.88M76.36M79.46M70.74M
EBITDA ------------74.33M95.36M102.78M94.69M
Interest Expense ------------5.87M8.85M10.32M8.00M
Pretax Income ------------49.23M67.67M70.12M64.23M
Tax Provision ------------15.57M16.09M16.60M19.66M
Net Income -12.03M26.97M25.80M49.39M-----877.00K-33.67M51.59M53.52M44.57M
Diluted EPS -0.600.400.850.801.520.710.450.360.690.360.03-1.001.511.571.36
R&D Expense 1.77M881.00K2.83M3.01M2.91M3.34M3.50M5.24M6.29M8.38M7.47M6.44M10.57M9.80M9.41M9.51M

Compounded Sales Growth

5 Years:6.77%
1 Year:10.60%

Compounded Profit Growth

5 Years:9.80%
1 Year:-83.70%

Stock Price Performance

1 Year:+135.70%
6 Months:+73.59%
3 Months:+20.40%
1 Month:+3.09%

Balance Sheet (Annual)

Figures in USD.

Metric Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 451.03M425.58M435.52M442.18M449.76M468.68M454.08M662.48M655.76M620.90M617.88M-649.63M767.74M755.45M830.58M
Current Assets ------------250.94M274.60M274.29M341.20M
Cash & Equivalents 51.27M43.85M72.64M72.64M93.77M84.57M42.84M33.88M31.40M43.24M40.12M-35.63M48.63M39.54M52.27M
Inventory ------------82.13M86.32M88.98M118.15M
Receivables ------------97.63M107.32M109.83M125.41M
Total Liabilities ---191.71M177.99M169.98M141.58M321.62M306.81M274.47M239.01M-230.64M292.85M260.14M291.87M
Current Liabilities 83.86M66.52M45.66M43.71M53.14M57.57M52.32M62.40M73.29M60.63M52.80M-110.07M109.27M112.66M126.84M
Long Term Debt ------------87.71M151.96M120.37M133.26M
Total Debt ------------128.28M187.49M151.69M157.87M
Total Equity 126.53M192.48M226.05M250.47M271.77M294.42M307.88M334.93M344.75M346.44M378.87M-418.99M474.89M495.31M538.71M
Shares Outstanding ------------33.51M33.73M33.95M34.17M

Cash Flows (Annual)

Figures in USD.

Metric Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -------22.91M23.23M70.73M30.29M-57.71M65.95M63.12M46.80M
Investing Cash Flow --------166.47M-10.07M-10.01M-7.83M--44.55M-109.52M-14.97M-13.08M
Financing Cash Flow -------133.94M-14.10M-46.54M-28.20M--13.46M56.53M-56.42M-17.32M
Capital Expenditure -1.70M-8.88M-6.26M-3.37M-6.08M-12.58M-8.37M-10.01M-12.04M-10.86M-8.13M--9.45M-11.02M-10.25M-13.93M
Free Cash Flow -------12.90M11.19M59.87M22.16M-48.26M54.94M52.87M32.86M
Net Change in Cash -------------306.00K12.97M-8.27M16.40M
Share Buybacks -----------00250.00K20.14M15.77M

Ratios (Annual)

Figures in %.

Metric Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % ------42.4%46.6%42.6%42.1%42.3%-42.0%42.8%44.7%45.3%
Operating Margin % ------8.5%10.6%11.8%8.5%2.7%-13.4%15.4%15.9%13.2%
Net Margin % ----------0.3%-7.6%10.4%10.7%8.3%
ROE % -6.2%11.9%10.3%18.2%-----0.2%-8.0%10.9%10.8%8.3%
ROCE % 6.2%12.4%14.6%14.7%16.9%8.9%5.6%5.5%8.3%5.8%1.3%-10.9%11.6%12.4%10.1%

Shareholding Pattern

Insiders
2.54%
Institutions
106.90%
Public Float
109.69%

Top Institutional Holders

#Holder% HeldSharesValue
1 FMR, LLC 9.02% 2.97M $181.63M
2 Blackrock Inc. 7.86% 2.59M $158.24M
3 Dimensional Fund Advisors LP 5.25% 1.73M $105.78M
4 Vanguard Portfolio Management LLC 4.26% 1.40M $85.85M
5 Vanguard Capital Management LLC 4.21% 1.39M $84.80M
6 Medina Value Partners, LLC 2.93% 966.32K $59.08M
7 GW&K Investment Management, LLC 2.89% 952.52K $58.24M
8 Geode Capital Management, LLC 2.53% 832.52K $50.90M
9 Westwood Holdings Group Inc. 2.38% 782.76K $47.86M
10 State Street Corporation 2.35% 772.53K $47.23M

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