Thermon Group Holdings, Inc. (THR)

Thermon Group Holdings Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	536.26	536.26	498.21	494.63	440.59	355.67
Revenue Growth	7.64%	7.64%	0.72%	12.26%	23.88%	28.78%
Gross Profit Gross Profit Growth	243.06	243.06	222.9	211.56	185.13	140.12
Operating Income Operating Income Growth	70.74	70.74	79.76	75.37	55.19	38.41
Net Income Net Income Growth	44.57	44.57	53.52	51.59	33.67	20.09
Earnings Per Share EPS Growth	1.36	1.36	1.57	1.51	1.00	0.60
EPS Growth	-13.38%	-13.38%	3.97%	51.00%	66.67%	1900.00%

Revenue by Geography

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
United States and Latin America United States and Latin America Growth	-	310.18	304.91	296.08	251.81	194.36
Canada Canada Growth	103.3	184.94	175.54	173.48	171.68	127.07
Europe, Middle East and Africa Europe, Middle East and Africa Growth	-	74.34	47.27	46.67	44.57	56.42
Asia-Pacific Asia-Pacific Growth	-	40.62	40.86	41.08	36.34	32.63
Inter-Segment Sales Inter-Segment Sales Growth	-69.69	-73.82	-70.37	-62.68	-63.81	-54.81
Total Total Growth	308.58	536.26	498.21	494.63	440.59	355.67

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	52.28	52.28	39.54	48.63	35.64	41.45
Total Debt Total Debt Growth	157.87	157.87	151.69	187.49	128.28	141.64
Net Cash (Debt) Net Cash Growth	-105.6	-105.6	-112.15	-138.86	-92.64	-100.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-3.22	-3.22	-3.29	-4.08	-2.75	-2.99

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	46.8	46.8	63.12	65.96	57.71	28.75
Capital Expenditures CapEx Growth	-13.93	-13.93	-10.25	-11.02	-9.45	-5.22
Free Cash Flow Free Cash Flow Growth	32.86	32.86	52.87	54.94	48.26	23.53
Free Cash Flow Growth	-37.84%	-37.84%	-3.77%	13.84%	105.07%	6.21%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	45.32%	45.32%	44.74%	42.77%	42.02%	39.40%
Operating Margin	13.19%	13.19%	16.01%	15.24%	12.53%	10.80%
Pretax Margin	11.98%	11.98%	14.07%	13.68%	11.17%	7.99%
Profit Margin	8.31%	8.31%	10.74%	10.43%	7.64%	5.65%
FCF Margin	6.13%	6.13%	10.61%	11.11%	10.95%	6.62%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 29, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	44.96	37.06	17.74	21.67	24.92	27.00
Forward PE	27.26	23.19	14.14	18.43	15.29	13.79
P/FCF Ratio	61.28	50.40	17.51	20.08	17.30	22.97
PS Ratio	3.76	3.09	1.86	2.23	1.90	1.52

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: May 19, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

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