Thermon Group Holdings, Inc.

Thermon Group Holdings, Inc.

THRยทNYSE

$61.16

-8.5%
IndustrialsIndustrial - Machinery

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, tubing bundles, and system accessories, as well as strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and gas heating accessories that comprise regulators, valves, mounting brackets, and battery cables. The company also offers specialty products, which include CEMS and analytical systems, commercial construction products and services, control panels, engineered products, compressed gas scrubbing systems, temporary power solutions, and snow clearing devices for rail track and switch equipment; and steam heating solutions comprising heat transfer compounds, steam heated bundles, steam supply and condensate return lines, steam tracing solutions, steam trace accessories, and tank heating products. In addition, it provides design engineering solutions that include design optimization studies, product selection assistance, and computer-generated drawing packages; energy audit services; procurement and project management services; procurement and project management services; turnkey construction installation; recurring facility assessment or audit; maintenance services; and technical support services. The company offers its solutions to chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, transportation, food and beverage, pharmaceutical, and mineral processing industries, as well as data centers, semiconductor facilities, and other markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

At a Glance

Live Snapshot
Market Cap$2.01B
EPS1.3500
P/E Ratio37.16
Earnings Date08/06/2026
3Y-19.0%
5Y+54.0%
10Y+77.0%
3Y-71.0%
5Y+67.0%
10Y-75.0%
3Y+29.0%
5Y-39.0%
10Y+18.0%
THR

Thermon Group Holdings, Inc. Cash Conversion Engine

THR ยท NYSE
Net Income44.57M
Depreciation & Amortization22.47M
Stock-Based Compensation8.24M
Change in Working Capital0.00
Others-29.11M
Capital Expenditures-13.93M
Free Cash Flow32.86M

Cash Flow Quality Analysis

FCF Conversion Rate

73.7%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

29.8%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

-37.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

Thermon Group Holdings, Inc. Cash Flow Statement

THR โ€ข NYSE

Thermon Group Holdings, Inc. Cash Flow StatementMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010Mar 2009
OPERATING ACTIVITIES
44.6M
53.5M
51.6M
33.7M
20.1M
1.2M
11.9M
23.2M
13.2M
15M
23.7M
49.4M
25.8M
27M
12M
18.9M
18.9M
26.4M
22.5M
22.3M
18.8M
19.2M
20.2M
20.7M
28.3M
30M
24.4M
17.8M
17.4M
14.1M
14.2M
13.8M
14M
4.4M
4.4M
8.5M
619K
-2.1M
-2.1M
-4.6M
-1.6M
-3M
-4.1M
-4.4M
-11.3M
-3.4M
-5.4M
-7.2M
-4.4M
-1.3M
-2.8M
4M
4M
-11.6M
8.2M
5.2M
5.8M
0.0
3.8M
3.7M
5M
4.1M
3.5M
3.4M
3.7M
3.3M
2.2M
1.3M
6.5M
905K
0.0
675K
-29.1M
522K
-211K
5.7M
2.5M
3.2M
5.5M
2.8M
3.7M
542K
3M
2.3M
19.9M
3.9M
8M
-2.7M
658K
-15K
(0.0)
(16.5M)
(23.1M)
(14.9M)
(9.8M)
(9.7M)
(12.6M)
(22.3M)
-7.7M
(9.3M)
(15.7M)
(17.3M)
(11.1M)
(10.6M)
(17.7M)
(0.0)
(10.4M)
(12.5M)
0.0
-16.4M
-7.9M
3.7M
-16.2M
4.5M
24.2M
-32.4M
-11.6M
-6.9M
5.6M
-10.2M
-11.5M
-3.4M
-32.4M
-905K
-3.4M
-250K
46.8M
63.1M
66M
57.7M
28.8M
30.3M
70.7M
23.2M
21.9M
26.4M
47.9M
51.7M
46.1M
41.4M
5.3M
24.7M
24.7M
23.7M
INVESTING ACTIVITIES
-13.9M
-10.2M
-11M
-9.5M
-5.2M
-8.1M
-10.9M
-12M
-10M
-8.4M
-12.6M
-6.1M
-3.4M
-6.3M
-8.9M
-1.6M
-1.6M
-2.7M
(0.0)
-10.5M
-99.4M
-35.1M
(0.0)
(300K)
-3.7M
-4.7M
-202.7M
(1.2M)
-31.2M
-3.9M
-2.1M
-289K
-685K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(4.7M)
-8.1M
-44.8M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
952K
53.4M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
850K
5.8M
939K
0.0
689K
0.0
4.5M
1M
949K
1.2M
2.2M
-3.9M
-2.1M
-289K
-685K
2K
2K
440K
-13.1M
-15M
-109.5M
-44.6M
-4.5M
-7.8M
-10M
-10.1M
-166.5M
-52M
-41.6M
-10M
-5.4M
-6.6M
-9.6M
-1.6M
-1.6M
-2.3M
FINANCING ACTIVITIES
0.0
-23.4M
-2.3M
-643K
-673K
-784K
-969K
-598K
-481K
-621K
-1.3M
547K
0.0
0.0
48.5M
129.5M
0.0
0.0
0.0
-33.7M
59.6M
-12.7M
-20.8M
-27.8M
-41.9M
-40.5M
143.7M
-13.8M
-13.7M
-13.7M
-12.1M
-21.6M
-76.7M
177.4M
0.0
-12.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-8.6M
-8.6M
(0.0)
(0.0)
-23.4M
-2.3M
-643K
-673K
-784K
-969K
-598K
-481K
-621K
-1.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-17.3M
632K
-759K
-142K
-1.2M
353K
-3.7M
27M
-9.3M
-280K
-9K
1.3M
1.5M
9.4M
3.4M
-306.9M
0.0
0.0
-17.3M
-56.4M
56.5M
-13.5M
-22.7M
-28.2M
-46.5M
-14.1M
133.9M
-14.7M
-15M
-11.8M
-10.6M
-12.2M
-24.9M
-8.6M
-8.6M
-12.3M
CASH FLOW SUMMARY
29K
-738K
-1.1M
-5.1M
-84K
2.2M
-2M
-1.5M
1.7M
-1.5M
-547K
-8.8M
-1.3M
-249K
-671K
2.2M
2.2M
-2.2M
16.4M
-9M
11.9M
-5.4M
1.5M
-3.6M
12.2M
-2.5M
-9M
-41.7M
-9.2M
21.1M
28.8M
22.4M
-29.8M
16.7M
16.7M
6.9M
41.4M
50.4M
38.5M
43.9M
42.5M
46M
33.8M
36.3M
42.8M
84.6M
93.8M
72.6M
43.8M
21.5M
51.3M
13.4M
13.4M
6.5M
57.8M
41.4M
50.4M
38.5M
43.9M
42.5M
46M
33.8M
33.9M
42.8M
84.6M
93.8M
72.6M
43.8M
21.5M
30.1M
30.1M
13.4M
32.9M
52.9M
54.9M
48.3M
23.5M
22.2M
59.9M
11.2M
11.9M
18.1M
35.3M
45.7M
42.7M
35.1M
-3.6M
23.1M
23.1M
21M

SEC Filings

THR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 28, 2026
May 27, 2026
2026
10-K

10-K 2026 FY

FY

May 21, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 19, 2026
May 19, 2026
2026
8-K

8-K 2026

N/A

April 20, 2026
April 20, 2026
2026
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
8-K

8-K 2026

N/A

February 24, 2026
February 23, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 05, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
Showing 1 to 10 of 231 filings