Thermon Group Holdings, Inc. (THR)

Thermon Group Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	58.8	53.52	51.59	33.67	20.09	0.88
Depreciation & Amortization	22.73	22.32	18.61	18.9	19.86	19.96
Other Amortization	0.48	0.51	0.72	0.65	0.94	2.29
Loss (Gain) From Sale of Assets	-	-	-	-	0.31	2.07
Asset Writedown & Restructuring Costs	-	-	-	0.3	-	-
Stock-Based Compensation	6.4	5.24	5.75	5.95	3.8	3.73
Other Operating Activities	-3.08	-2.09	-2.78	-5.44	-0.02	-3.46
Change in Accounts Receivable	-3.76	-10.88	-0.64	1.14	-25.03	20.24
Change in Inventory	-22.12	-0.7	3.78	-8.84	-8.6	-0.55
Change in Accounts Payable	7.34	-1.16	2.71	-7.12	13.75	-5.65
Change in Income Taxes	1.09	2.35	-2.49	7.3	4.32	-6.84
Change in Other Net Operating Assets	0.32	-5.99	-11.29	11.2	-0.66	-2.37
Operating Cash Flow	68.21	63.12	65.96	57.71	28.75	30.29
Operating Cash Flow Growth	-0.32%	-4.30%	14.28%	100.72%	-5.07%	-57.17%
Capital Expenditures	-13.48	-10.25	-11.02	-9.45	-5.22	-8.13
Sale of Property, Plant & Equipment	0.53	5.82	0.94	0.2	0.69	0.3
Cash Acquisitions	-0.58	-10.55	-100.47	-35.3	-	-
Divestitures	-	-	1.03	-	-	-
Investing Cash Flow	-13.53	-14.97	-109.52	-44.56	-4.53	-7.83
Short-Term Debt Issued	-	12	18	34.5	18.46	37.19
Long-Term Debt Issued	-	-	100	-	139.79	-
Total Debt Issued	168.71	12	118	34.5	158.25	37.19
Short-Term Debt Repaid	-	-17	-27.5	-20	-8.13	-7.46
Long-Term Debt Repaid	-	-28.68	-30.9	-27.32	-170.94	-57.78
Total Debt Repaid	-179.07	-45.68	-58.4	-47.32	-179.07	-65.24
Net Debt Issued (Repaid)	-10.36	-33.68	59.6	-12.82	-20.82	-28.05
Issuance of Common Stock	-	0.63	-	-	0.1	0.63
Repurchase of Common Stock	-33.33	-23.37	-2.31	-0.64	-0.67	-0.78
Other Financing Activities	-0.63	-	-0.76	-	-1.27	-
Financing Cash Flow	-44.32	-56.42	56.53	-13.47	-22.66	-28.21
Foreign Exchange Rate Adjustments	1.65	-0.74	-1.06	-1.17	-0.08	2.19
Miscellaneous Cash Flow Adjustments	-	-	-	-3.94	-	-
Net Cash Flow	12.02	-9.01	11.91	-5.41	1.48	-3.56
Free Cash Flow	54.73	52.87	54.94	48.26	23.53	22.16
Free Cash Flow Growth	-5.82%	-3.77%	13.84%	105.07%	6.21%	-62.99%
Free Cash Flow Margin	10.48%	10.61%	11.11%	10.95%	6.62%	8.02%
Free Cash Flow Per Share	1.65	1.55	1.61	1.43	0.70	0.67
Cash Interest Paid	10.41	10.41	9.18	5.77	5.7	8.74
Cash Income Tax Paid	15	15	20.3	12.57	5.73	7.6
Levered Free Cash Flow	43.21	58.51	53.91	49.2	26.22	19.27
Unlevered Free Cash Flow	47.94	64.48	58.95	52.55	29.26	24.11
Change in Working Capital	-17.12	-16.38	-7.93	3.69	-16.23	4.83

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

SEC Filings: 10-K · 10-Q