THR THR R2K

Q: What is the return on equity (ROE) of THR?

THR has a return on equity (ROE) of 8.62%. Its return on capital employed (ROCE) is 10.05%.

Q: Is THR a good stock to buy?

This page provides a data-driven analysis of THR, including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

Industrials · Specialty Industrial Machinery · United States

https://www.thermon.com

Company Profile ↓

- 1Y

P/B3.73

Book Value$16.40

EPS (TTM)$1.36

Company Overview

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.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 30.1% per year over the last five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.29.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

Mar 2026 Revenue of $536.26M (+7.6% YoY); net profit $44.57M.
Trailing 12 Months Year-on-year growth — revenue +10.6%, earnings -83.7%.
5-Year Trend Long-term compounding — revenue CAGR 6.3%, profit CAGR 30.1%.

Growth & Price Performance

Compounded Sales Growth

5 Years:	6.30%
1 Year:	10.60%

Compounded Profit Growth

5 Years:	30.14%
1 Year:	-83.70%

Stock Price Performance

1 Year:	-
6 Months:	-
3 Months:	-
1 Month:	-

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot

Auto-generated from price history and fundamentals; not investment advice.

Price Chart

Robinhood TradingView

Fundamental Growth Charts

Period: Metric:

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

Profit CAGR of 30.1% over 5 years.
Generates positive free cash flow.

CONS

No notable concerns flagged.

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

Valuation

Stock P/E

Industry PE

27.38

Forward P/E

PEG Ratio

0.98

Book Value

$16.40

Price to Book

3.73

P/S

3.76

EV/EBITDA

22.75

Dividend Yield

0.00%

Growth (CAGR)

Revenue 5Y

6.30%

Profit 5Y

30.14%

Revenue (YoY)

10.60%

Earnings (YoY)

-83.70%

Profitability & Returns

ROCE

10.05%

ROE

8.62%

ROA

5.57%

Profit Margin

8.31%

Op Margin

7.27%

Gross Margin

45.32%

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

Chg in Prom Hold

FII / Inst Holding

Chg in FII Hold

Financial Snapshot

Enterprise Value

$2.01B

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%

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	THR THR R2K	-	-	-	0.00%	10.05%	8.62%	6.30%	30.14%
2	SPCX Space Exploration Technologies Corp. R3KAIDEFENCE	147.95	-134.50	$1.12T	0.00%	-3.22%	-11.95%	34.08%	-3.34%
3	CAT Caterpillar Inc. SPXR3K	813.94	35.05	$374.15B	0.76%	17.98%	56.97%	2.29%	5.24%
4	GE GE Aerospace SPXR3KDEFENCE	337.12	39.85	$349.78B	0.50%	9.52%	48.23%	-7.42%	-5.36%
5	RTX RTX Corporation SPXR3KDEFENCE	200.79	35.41	$270.62B	1.31%	8.28%	12.27%	2.61%	2.62%
6	GEV GE Vernova Inc. SPXR3KAI	941.95	26.98	$250.87B	0.20%	6.30%	82.58%	8.68%	-
7	DE Deere & Company SPXR3K	693.53	39.29	$187.33B	1.05%	12.53%	18.35%	3.43%	5.10%
8	UNP Union Pacific Corporation SPXR3K	291.88	23.83	$173.40B	1.92%	15.22%	39.70%	2.30%	7.77%
9	BA The Boeing Company SPXR3KDEFENCE	212.25	76.08	$167.63B	0.00%	-9.01%	-	1.67%	-3.28%

Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	51.74M	61.63M	92.66M	-	88.90M	90.15M	119.36M	-	91.71M	102.94M	100.47M	-	56.85M	66.41M	79.60M	-	71.16M	81.32M	100.61M	95.44M	100.56M	122.11M	106.89M	123.66M	136.43M	115.13M	114.65M	-	134.08M	108.90M	131.72M	147.31M	148.33M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74.65M	60.85M	70.65M	78.66M	83.05M
Gross Profit	28.92M	28.62M	28.27M	23.81M	30.96M	42.21M	28.27M	23.81M	30.96M	42.21M	46.82M	39.73M	40.36M	50.88M	44.97M	37.14M	45.43M	43.48M	35.58M	24.12M	28.93M	36.96M	26.86M	26.54M	31.72M	40.75M	37.23M	45.93M	50.45M	47.31M	54.46M	57.41M	50.43M	50.91M	-	59.43M	48.05M	61.08M	68.65M	65.28M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.29M	36.32M	39.50M	42.00M	54.50M
Operating Income	5.67M	7.30M	5.28M	1.56M	7.42M	10.21M	5.28M	1.56M	7.42M	10.21M	13.55M	8.24M	8.67M	17.89M	13.71M	4.99M	12.84M	12.47M	2.37M	-6.75M	3.05M	10.16M	-	2.98M	6.22M	16.17M	11.21M	16.04M	14.06M	15.41M	21.68M	21.45M	13.73M	15.20M	-	23.14M	11.73M	21.58M	26.65M	10.78M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.82M	18.63M	27.84M	32.49M	15.72M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.15M	1.96M	2.02M	2.16M	1.85M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21.09M	11.01M	20.01M	24.62M	8.58M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.12M	2.43M	5.06M	6.33M	5.84M
Net Income	3.51M	5.36M	3.25M	479.00K	4.78M	599.00K	3.25M	479.00K	4.78M	599.00K	6.06M	3.04M	3.23M	9.72M	6.77M	1.47M	6.91M	6.52M	-2.97M	-	-	-	-1.05M	-1.05M	-	-	-	-	8.43M	10.94M	14.73M	15.84M	8.51M	9.49M	-	16.97M	8.58M	14.95M	18.29M	2.75M
Diluted EPS	0.11	0.16	0.15	0.01	0.15	0.02	0.10	0.01	0.15	0.02	0.18	0.09	0.10	0.29	0.20	0.04	0.21	0.20	-0.09	-0.18	0.06	0.18	-30.00	-0.01	0.01	0.33	0.20	0.33	0.25	0.32	0.43	0.46	0.25	0.28	-	0.50	0.26	0.45	0.55	0.08

Profit & Loss (Annual)

Figures in USD.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	227.88M	272.32M	284.04M	277.32M	308.58M	281.93M	264.13M	308.61M	412.64M	383.49M	276.18M	-	440.59M	494.63M	498.21M	536.26M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	255.47M	283.06M	275.31M	293.21M
Gross Profit	95.48M	132.12M	132.83M	135.17M	154.70M	131.31M	111.93M	143.81M	175.94M	161.64M	116.87M	-	185.12M	211.56M	222.90M	243.06M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	126.24M	135.21M	143.44M	172.32M
Operating Income	22.82M	44.46M	56.99M	58.62M	67.06M	36.76M	22.44M	32.74M	48.51M	32.66M	7.41M	-	58.88M	76.36M	79.46M	70.74M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	74.33M	95.36M	102.78M	94.69M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	5.87M	8.85M	10.32M	8.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	49.23M	67.67M	70.12M	64.23M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	15.57M	16.09M	16.60M	19.66M
Net Income	-14.94M	12.03M	26.97M	25.80M	49.39M	23.01M	14.64M	11.91M	22.76M	11.94M	877.00K	-	33.67M	51.59M	53.52M	44.57M
Diluted EPS	-0.60	0.40	0.85	0.80	1.52	0.71	0.45	0.36	0.69	0.36	0.03	-	1.00	1.51	1.57	1.36
R&D Expense	1.77M	881.00K	2.83M	3.01M	2.91M	3.34M	3.50M	5.24M	6.29M	8.38M	7.47M	6.44M	10.57M	9.80M	9.41M	9.51M

Balance Sheet (Annual)

Figures in USD.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	451.03M	425.58M	435.52M	442.18M	449.76M	468.68M	454.08M	662.48M	655.76M	620.90M	617.88M	-	649.63M	767.74M	755.45M	830.58M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	250.94M	274.60M	274.29M	341.20M
Cash & Equivalents	51.27M	43.85M	72.64M	72.64M	93.77M	84.57M	42.84M	33.88M	31.40M	43.24M	40.12M	-	35.63M	48.63M	39.54M	52.27M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	82.13M	86.32M	88.98M	118.15M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	97.63M	107.32M	109.83M	125.41M
Total Liabilities	-	-	-	191.71M	177.99M	169.98M	141.58M	321.62M	306.81M	274.47M	239.01M	-	230.64M	292.85M	260.14M	291.87M
Current Liabilities	83.86M	66.52M	45.66M	43.71M	53.14M	57.57M	52.32M	62.40M	73.29M	60.63M	52.80M	-	110.07M	109.27M	112.66M	126.84M
Long Term Debt	-	139.15M	118.14M	121.50M	108.00M	94.50M	81.00M	225.00M	206.50M	176.00M	148.50M	-	87.71M	151.96M	120.37M	133.26M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	128.28M	187.49M	151.69M	157.87M
Total Equity	126.53M	192.48M	226.05M	250.47M	271.77M	294.42M	307.88M	334.93M	344.75M	346.44M	378.87M	-	418.99M	474.89M	495.31M	538.71M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	33.51M	33.73M	33.95M	34.17M

Cash Flows (Annual)

Figures in USD.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-	-	-	-	-	-	22.91M	23.23M	70.73M	30.29M	-	57.71M	65.95M	63.12M	46.80M
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	-	-13.46M	56.53M	-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	-	-	-	-	-	-	-	12.90M	11.19M	59.87M	22.16M	-	48.26M	54.94M	52.87M	32.86M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-306.00K	12.97M	-8.27M	16.40M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	-	0	0	250.00K	20.14M	15.77M

Ratios (Annual)

Figures in %.

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	41.9%	48.5%	46.8%	48.7%	50.1%	46.6%	42.4%	46.6%	42.6%	42.1%	42.3%	-	42.0%	42.8%	44.7%	45.3%
Operating Margin %	10.0%	16.3%	20.1%	21.1%	21.7%	13.0%	8.5%	10.6%	11.8%	8.5%	2.7%	-	13.4%	15.4%	15.9%	13.2%
Net Margin %	-6.6%	4.4%	9.5%	9.3%	16.0%	8.2%	5.5%	3.9%	5.5%	3.1%	0.3%	-	7.6%	10.4%	10.7%	8.3%
ROE %	-11.8%	6.2%	11.9%	10.3%	18.2%	7.8%	4.8%	3.6%	6.6%	3.4%	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%

Analyst View

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Latest News

Recent headlines for THR

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THR — Frequently Asked Questions

What is the return on equity (ROE) of THR?

THR has a return on equity (ROE) of 8.62%. Its return on capital employed (ROCE) is 10.05%.

Is THR a good stock to buy?

This page provides a data-driven analysis of THR, including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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THR THR R2K

Company Overview

Why Investors Should Care

Recent Developments

Growth & Price Performance

Compounded Sales Growth

Compounded Profit Growth

Stock Price Performance

Price Chart

Technical Trend

Fundamental Growth Charts

PROS

CONS

Valuation

Growth (CAGR)

Profitability & Returns

Balance Sheet & Liquidity

Ownership

Financial Snapshot

Peer comparison

Quarterly Results

Profit & Loss (Annual)

Balance Sheet (Annual)

Cash Flows (Annual)

Ratios (Annual)

Analyst View

Latest News

Is the stock market open on Labor Day? Here's the holiday trading schedule for 2026. - Yahoo Finance

Why IBM Stock’s Worst Crash In Over 25 Years Is No Cause For Panic: Wall Street Analyst Explains - Stocktwits

The bond market is signaling trouble ahead. This is why you should pay attention - NPR

The Complete Berkshire Hathaway Portfolio | Investing - U.S. News Money

Jim Cramer's top 10 things to watch in the stock market Friday - CNBC

The S&P 500 Is Forecast to Climb as Earnings Growth Powers Stocks Higher - Goldman Sachs

THR — Frequently Asked Questions

What is the return on equity (ROE) of THR?

Is THR a good stock to buy?

Explore More