Thermon Group Holdings Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	522.01	498.21	494.63	440.59	355.67	276.18
Revenue Growth (YoY)	6.15%	0.72%	12.26%	23.88%	28.78%	-27.98%
Cost of Revenue	284.21	274.71	278.74	255.47	215.56	163.55
Gross Profit	237.8	223.5	215.89	185.13	140.12	112.64
Selling, General & Admin	136.94	127.43	123.82	117	92.9	92.01
Amortization of Goodwill & Intangibles	13.89	13.68	10.16	9.45	8.79	9.45
Operating Expenses	152.22	141.56	135.21	126.24	101.98	103.02
Operating Income	85.58	81.94	80.68	58.88	38.14	9.62
Interest Expense	-8.3	-10.33	-8.85	-5.87	-5.82	-10.19
Currency Exchange Gain (Loss)	-0.29	0.07	-0.2	-0.1	-1.94	0.28
Other Non Operating Income (Expenses)	2.23	0.61	1.35	0.01	0.34	1.85
EBT Excluding Unusual Items	79.22	72.3	72.98	52.93	30.73	1.57
Merger & Restructuring Charges	-2.49	-2.18	-0.98	-3.69	0.26	-8.62
Other Unusual Items	-	-	-4.33	-	-2.57	6.41
Pretax Income	76.73	70.12	67.67	49.23	28.43	-0.64
Income Tax Expense	17.94	16.6	16.09	15.57	8.33	-1.52
Earnings From Continuing Operations	58.8	53.52	51.59	33.67	20.09	0.88
Net Income	58.8	53.52	51.59	33.67	20.09	0.88
Net Income to Common	58.8	53.52	51.59	33.67	20.09	0.88
Net Income Growth	26.10%	3.74%	53.23%	67.56%	2190.99%	-92.65%
Shares Outstanding (Basic)	33	34	34	33	33	33
Shares Outstanding (Diluted)	33	34	34	34	34	33
Shares Change (YoY)	-1.94%	-0.03%	0.95%	0.69%	0.52%	0.58%
EPS (Basic)	1.78	1.59	1.53	1.01	0.60	0.03
EPS (Diluted)	1.77	1.57	1.51	1.00	0.60	0.03
EPS Growth	29.48%	3.97%	51.00%	66.67%	2166.97%	-92.65%
Free Cash Flow	54.73	52.87	54.94	48.26	23.53	22.16
Free Cash Flow Per Share	1.65	1.55	1.61	1.43	0.70	0.67
Gross Margin	45.55%	44.86%	43.65%	42.02%	39.40%	40.78%
Operating Margin	16.39%	16.45%	16.31%	13.36%	10.72%	3.48%
Profit Margin	11.26%	10.74%	10.43%	7.64%	5.65%	0.32%
Free Cash Flow Margin	10.48%	10.61%	11.11%	10.95%	6.62%	8.02%
EBITDA	108.31	104.26	99.29	77.78	58	29.57
EBITDA Margin	20.75%	20.93%	20.07%	17.65%	16.31%	10.71%
D&A For EBITDA	22.73	22.32	18.61	18.9	19.86	19.96
EBIT	85.58	81.94	80.68	58.88	38.14	9.62
EBIT Margin	16.39%	16.45%	16.31%	13.36%	10.72%	3.48%
Effective Tax Rate	23.37%	23.68%	23.77%	31.62%	29.32%	-

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q