Thermon Group Holdings Balance Sheet

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
Cash & Equivalents	46.86	39.54	48.63	35.64	41.45	40.12
Cash & Short-Term Investments	46.86	39.54	48.63	35.64	41.45	40.12
Cash Growth	20.94%	-18.70%	36.47%	-14.02%	3.29%	-7.20%
Accounts Receivable	136.99	129.02	124.01	113.9	114.93	85.88
Other Receivables	-	0.23	1.63	3.14	4.63	8.23
Receivables	136.99	129.25	125.64	117.04	119.56	94.11
Inventory	116.99	88.98	86.32	82.13	71.65	63.79
Prepaid Expenses	19.79	13.44	12.05	13.28	9.3	6.82
Restricted Cash	-	1.89	1.8	2.86	2.49	1.96
Other Current Assets	-	1.21	0.16	-	-	-
Total Current Assets	320.62	274.29	274.6	250.94	244.44	206.81
Property, Plant & Equipment	95.11	84.02	81.95	76.86	76.57	85.25
Goodwill	271.39	264.33	270.79	219.61	212.75	213.04
Other Intangible Assets	107.37	115.28	127.09	93.97	94.91	103.78
Long-Term Deferred Tax Assets	1.69	0.9	1.07	0.69	1.21	2.59
Long-Term Deferred Charges	-	7.04	2.64	-	-	-
Other Long-Term Assets	20.52	9.59	9.6	7.56	6.79	6.41
Total Assets	816.7	755.45	767.74	649.63	636.67	617.88
Accounts Payable	38.89	31.19	31.4	27.33	33.57	19.72
Accrued Expenses	34.44	30.02	27.29	32.73	22.7	22.98
Short-Term Debt	-	-	5	14.5	-	-
Current Portion of Long-Term Debt	7.03	18	14.63	10.22	7.93	2.5
Current Portion of Leases	4.66	4.02	3.27	3.36	3.62	3.51
Current Income Taxes Payable	6.35	4.06	2.82	6.81	0.9	0.22
Current Unearned Revenue	19.24	19.6	20.53	8.48	8.01	2.96
Other Current Liabilities	-	5.77	4.33	6.64	4.27	0.9
Total Current Liabilities	110.6	112.66	109.27	110.07	81	52.8
Long-Term Debt	135.52	120.37	151.96	87.71	120.43	143.02
Long-Term Leases	12.97	9.3	12.64	12.48	9.66	12.37
Long-Term Deferred Tax Liabilities	9.29	9.76	9.44	12.08	17.94	21.01
Other Long-Term Liabilities	9.61	8.05	9.55	8.3	8.43	9.81
Total Liabilities	278	260.14	292.85	230.64	237.47	239.01
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	248.08	246.2	243.56	239.86	234.55	231.32
Retained Earnings	384.12	342.3	288.78	237.2	203.53	183.44
Treasury Stock	-36.16	-20.39	-0.25	-	-	-
Comprehensive Income & Other	-57.37	-72.83	-57.24	-58.1	-38.91	-35.92
Total Common Equity	538.7	495.32	474.89	418.99	399.2	378.87
Shareholders' Equity	538.7	495.32	474.89	418.99	399.2	378.87
Total Liabilities & Equity	816.7	755.45	767.74	649.63	636.67	617.88
Total Debt	160.18	151.69	187.49	128.28	141.64	161.4
Net Cash (Debt)	-113.32	-112.15	-138.86	-92.64	-100.2	-121.28
Net Cash Per Share	-3.41	-3.29	-4.08	-2.75	-2.99	-3.64
Filing Date Shares Outstanding	32.85	33.09	33.77	33.51	33.37	33.25
Total Common Shares Outstanding	32.85	33.24	33.72	33.51	33.36	33.23
Working Capital	210.01	161.63	165.33	140.87	163.44	154.01
Book Value Per Share	16.40	14.90	14.08	12.50	11.96	11.40
Tangible Book Value	159.95	115.7	77.01	105.41	91.54	62.05
Tangible Book Value Per Share	4.87	3.48	2.28	3.15	2.74	1.87
Land	-	60.23	57.51	55.46	57.31	57.32
Machinery	-	80.02	77.13	67.08	65.38	62.51
Construction In Progress	-	3.13	2.04	3.14	1.46	1.02
Order Backlog	-	240.3	186.1	-	-	-

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

SEC Filings: 10-K · 10-Q