What is THERMON GROUP HOLDINGS, INC.'s earnings per share (EPS)?

THERMON GROUP HOLDINGS, INC. (THR) reported diluted earnings per share of $1.36 for fiscal year 2026. This represents a -13.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

THERMON GROUP HOLDINGS, INC. (THR) Financials

THR

FY2026 annual

Revenue $536.3M +7.6% YoY

Net Income $44.6M -16.7% YoY

EPS (Diluted) $1.36 -13.4% YoY

Free Cash Flow $32.9M -37.8% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Mar 31, 2026 Reported May 21, 2026 Currency USD FYE March

Newest figures come from the 10-K for FY2026, filed May 21, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the THR SEC filings page.

THERMON GROUP HOLDINGS, INC. (THR) reported $536.3M in revenue for fiscal year 2026, up 7.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI THR FY2026 2026-10-04

Revenue kept growing in FY2026, but heavier overhead and working-capital investment weakened cash conversion and operating profitability.

Revenue rose 7.6% in FY2026, yet operating margin fell to 13.2%, so growth did not translate into proportional operating profit. The simultaneous rise in inventory and receivables points to more cash being tied up in delivering that growth, rather than this being merely a margin issue.

Operating cash flow fell 26% while free cash flow fell 38% in FY2026, showing weaker cash conversion rather than just slower reported earnings. That occurred despite gross margin reaching 45.3%, placing the pressure below gross profit—especially in overhead and working capital.

Debt-to-equity declined to 0.2x while the current ratio improved to 2.7x, leaving the balance sheet less debt-dependent even as assets expanded. Inventory rose 33% and receivables 14%, tying more resources to operations and helping explain the cash-flow deterioration.

Financial Health Signals

Financial Health Score 65/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of THERMON GROUP HOLDINGS, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

THERMON GROUP HOLDINGS, INC. has an operating margin of 13.2%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 80/100, reflecting efficient cost management and pricing power. This is down from 16.0% the prior year.

Growth

THERMON GROUP HOLDINGS, INC.'s revenue grew 7.6% year-over-year to $536.3M, a solid pace of expansion. This earns a growth score of 46/100.

Leverage

THERMON GROUP HOLDINGS, INC. has a moderate D/E ratio of 0.21. This balance of debt and equity financing earns a leverage score of 55/100.

Liquidity

With a current ratio of 2.69, THERMON GROUP HOLDINGS, INC. holds $2.69 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.

Cash Flow

THERMON GROUP HOLDINGS, INC. has a free cash flow margin of 6.1%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

THERMON GROUP HOLDINGS, INC. earns a strong 8.3% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is down from 10.8% the prior year.

Altman Z-Score Safe

6.03

THERMON GROUP HOLDINGS, INC. scores 6.03, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.0B) relative to total liabilities ($291.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

THERMON GROUP HOLDINGS, INC. passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, THERMON GROUP HOLDINGS, INC. generates $1.05 in operating cash flow ($46.8M OCF vs $44.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

8.85x

THERMON GROUP HOLDINGS, INC. earns $8.85 in operating income for every $1 of interest expense ($70.7M vs $8.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$148.3M

YoY+10.6%

QoQ+0.7%

5Y CAGR+15.1%

10Y CAGR+8.2%

THERMON GROUP HOLDINGS, INC. generated $148.3M in revenue in Q4 2026. This represents an increase of 10.6% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.

EBITDA

$16.1M

YoY-44.0%

QoQ-50.3%

THERMON GROUP HOLDINGS, INC.'s EBITDA was $16.1M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 44.0% from the same quarter a year earlier. Against the prior quarter it is down 50.3%.

Net Income

$2.7M

YoY-83.8%

QoQ-85.0%

10Y CAGR-1.7%

THERMON GROUP HOLDINGS, INC. reported $2.7M in net income in Q4 2026. This represents a decrease of 83.8% from the same quarter a year earlier. Against the prior quarter it is down 85.0%.

EPS (Diluted)

$0.09

YoY-82.0%

QoQ-83.6%

10Y CAGR-5.0%

THERMON GROUP HOLDINGS, INC. earned $0.09 per diluted share (EPS) in Q4 2026. This represents a decrease of 82.0% from the same quarter a year earlier. Against the prior quarter it is down 83.6%.

Cash & Balance Sheet

Free Cash Flow

$7.1M

YoY-75.4%

QoQ-45.5%

5Y CAGR-9.0%

10Y CAGR-3.1%

THERMON GROUP HOLDINGS, INC. generated $7.1M in free cash flow in Q4 2026, representing cash available after capex. This represents a decrease of 75.4% from the same quarter a year earlier. Against the prior quarter it is down 45.5%.

Cash & Debt

$52.3M

YoY+32.2%

QoQ+11.6%

5Y CAGR+5.4%

10Y CAGR+2.0%

THERMON GROUP HOLDINGS, INC. held $52.3M in cash against $113.6M in long-term debt as of Q4 2026.

Shares Outstanding

33M

YoY-0.5%

QoQ+0.3%

5Y CAGR-0.2%

10Y CAGR+0.2%

THERMON GROUP HOLDINGS, INC. had 33M shares outstanding in Q4 2026. This represents a decrease of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

Gross Margin

44.0%

YoY-0.3pp

QoQ-2.6pp

5Y change+7.4pp

10Y change+2.2pp

THERMON GROUP HOLDINGS, INC.'s gross margin was 44.0% in Q4 2026, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.6 percentage points.

Operating Margin

7.3%

YoY-10.0pp

QoQ-10.8pp

THERMON GROUP HOLDINGS, INC.'s operating margin was 7.3% in Q4 2026, reflecting core business profitability. This is down 10.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.8 percentage points.

Net Margin

1.8%

YoY-10.8pp

QoQ-10.6pp

5Y change+3.3pp

10Y change-3.0pp

THERMON GROUP HOLDINGS, INC.'s net profit margin was 1.8% in Q4 2026, showing the share of revenue converted to profit. This is down 10.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.6 percentage points.

Return on Equity

0.5%

YoY-2.9pp

QoQ-2.9pp

5Y change+0.8pp

10Y change-0.6pp

THERMON GROUP HOLDINGS, INC.'s ROE was 0.5% in Q4 2026, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.9 percentage points.

Capital Allocation

Share Buybacks

YoY-100.0%

THERMON GROUP HOLDINGS, INC. repurchased no shares in Q4 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$3.5M

YoY+14.8%

QoQ-28.3%

5Y CAGR+0.6%

10Y CAGR+1.2%

THERMON GROUP HOLDINGS, INC. invested $3.5M in capex in Q4 2026, funding long-term assets and infrastructure. This represents an increase of 14.8% from the same quarter a year earlier. Against the prior quarter it is down 28.3%.

R&D Spending

Not reported for Q4 2026.

THR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

THR quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$536.3M+7.6%	$498.2M+0.7%	$494.6M+12.3%	$440.6M+23.9%	$355.7M+28.8%	$276.2M-28.0%	$383.5M-7.1%	$412.6M+33.7%	$308.6M+16.8%	$264.1M-6.3%	$281.9M-8.6%	$308.6M+11.3%	$277.3M-2.4%	$284.0M+4.3%	$272.3M
Cost of Revenue	$293.2M+6.5%	$275.3M-2.7%	$283.1M+10.8%	$255.5M+18.5%	$215.6M+35.3%	$159.3M-28.2%	$221.8M-6.3%	$236.7M+43.6%	$164.8M+8.3%	$152.2M+1.1%	$150.6M-2.1%	$153.9M+8.2%	$142.2M-6.0%	$151.2M+7.8%	$140.2M
Gross Profit	$243.1M+9.0%	$222.9M+5.4%	$211.6M+14.3%	$185.1M+32.1%	$140.1M+19.9%	$116.9M-27.7%	$161.6M-8.1%	$175.9M+22.3%	$143.8M+28.5%	$111.9M-14.8%	$131.3M-15.1%	$154.7M+14.5%	$135.2M+1.8%	$132.8M+0.5%	$132.1M
R&D Expenses	$9.5M+1.1%	$9.4M-4.0%	$9.8M-7.3%	$10.6M+64.2%	$6.4M-13.8%	$7.5M-10.9%	$8.4M+33.2%	$6.3M+20.0%	$5.2M+49.7%	$3.5M+4.9%	$3.3M+14.8%	$2.9M-3.4%	$3.0M+6.2%	$2.8M+221.5%	$881K
SG&A Expenses	$158.3M+22.4%	$129.3M+4.4%	$123.8M+5.8%	$117.0M+25.7%	$93.1M+3.6%	$89.8M-19.5%	$111.6M+4.6%	$106.7M+12.7%	$94.6M+21.7%	$77.7M-3.7%	$80.7M+5.0%	$76.9M+17.4%	$65.5M+1.3%	$64.6M-15.3%	$76.3M
Operating Income	$70.7M-11.3%	$79.8M+5.8%	$75.4M+36.6%	$55.2M+43.7%	$38.4M+418.6%	$7.4M-77.3%	$32.7M-32.7%	$48.5M+48.2%	$32.7M+45.9%	$22.4M-38.9%	$36.8M-45.2%	$67.1M+14.4%	$58.6M+2.9%	$57.0M+28.2%	$44.5M
EBITDA	$93.2M-8.7%	$102.1M+8.4%	$94.2M+26.6%	$74.4M+27.0%	$58.6M+108.4%	$28.1M-34.8%	$43.2M-25.2%	$57.7M+41.8%	$40.7M+42.8%	$28.5M-31.2%	$41.4M-41.2%	$70.4M+14.1%	$61.7M+3.5%	$59.6M+26.7%	$47.0M
Interest Expense	$8.0M-22.6%	$10.3M+16.7%	$8.8M+50.7%	$5.9M+1.0%	$5.8M-42.9%	$10.2M-27.4%	$14.0M-10.7%	$15.7M+74.9%	$9.0M+155.4%	$3.5M-15.1%	$4.1M-9.3%	$4.6M-54.4%	$10.0M-34.2%	$15.2M-22.3%	$19.6M
Income Tax	$19.7M+18.4%	$16.6M+3.2%	$16.1M+3.3%	$15.6M+86.8%	$8.3M+647.9%	-$1.5M-129.6%	$5.1M-48.4%	$10.0M+92.9%	$5.2M+26.2%	$4.1M-53.0%	$8.7M-33.8%	$13.2M+89.2%	$7.0M-52.2%	$14.6M+95.2%	$7.5M
Net Income	$44.6M-16.7%	$53.5M+3.7%	$51.6M+53.2%	$33.7M+67.6%	$20.1M+2191.0%	$877K-92.7%	$11.9M-48.5%	$23.2M+75.3%	$13.2M-11.8%	$15.0M-36.6%	$23.6M-52.1%	$49.4M+91.4%	$25.8M-4.4%	$27.0M+124.2%	$12.0M
EPS (Basic)	$1.37-13.8%	$1.59+3.9%	$1.53+51.5%	$1.01+68.3%	$0.60+1900.0%	$0.03-91.7%	$0.36-48.6%	$0.70+89.2%	$0.37-17.8%	$0.45-37.5%	$0.72-53.2%	$1.54+87.8%	$0.82-6.8%	$0.88+114.6%	$0.41
EPS (Diluted)	$1.36-13.4%	$1.57+4.0%	$1.51+51.0%	$1.00+66.7%	$0.60+1900.0%	$0.03-91.7%	$0.36-47.8%	$0.69+91.7%	$0.36-20.0%	$0.45-36.6%	$0.71-53.3%	$1.52+90.0%	$0.80-5.9%	$0.85+112.5%	$0.40
Diluted Shares (Avg)	33M-3.7%	34M0.0%	34M+1.0%	34M+0.7%	34M+0.5%	33M+0.6%	33M+0.3%	33M+0.8%	33M+0.5%	33M+0.1%	33M+0.6%	32M+0.8%	32M+1.1%	32M+4.4%	30M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$148.3M+10.6%	$147.3M+9.6%	$131.7M+14.9%	$108.9M-5.4%	$134.1M+5.0%	$134.4M-1.5%	$114.6M-7.3%	$115.1M+7.7%
Cost of Revenue	$83.0M+11.3%	$78.7M+8.9%	$70.6M+10.8%	$60.9M-5.9%	$74.6M-0.8%	$72.2M-8.6%	$63.7M-7.9%	$64.7M+8.6%
Gross Profit	$65.3M+9.8%	$68.7M+10.5%	$61.1M+20.0%	$48.0M-4.7%	$59.4M+13.4%	$62.1M+8.2%	$50.9M-6.5%	$50.4M+6.6%
SG&A Expenses	$52.3M+59.3%	$38.3M+12.3%	$35.5M+13.6%	$32.2M+3.5%	$32.8M0.0%	$34.1M+7.1%	$31.3M+2.5%	$31.1M+8.5%
Operating Income	$10.8M-53.4%	$26.7M-3.7%	$21.6M+41.9%	$11.7M-14.6%	$23.1M+37.5%	$27.7M+29.1%	$15.2M-29.9%	$13.7M-10.9%
EBITDA	$16.1M-44.0%	$32.4M-2.9%	$27.4M+31.8%	$17.4M-9.9%	$28.7M+27.1%	$33.3M+29.5%	$20.8M-20.2%	$19.3M-2.8%
Interest Expense	$1.9M-14.0%	$2.2M-14.8%	$2.0M-27.5%	$2.0M-31.1%	$2.2M-39.9%	$2.5M+44.5%	$2.8M+44.9%	$2.8M+79.7%
Income Tax	$5.8M+41.8%	$6.3M-2.4%	$5.1M+45.3%	$2.4M-3.7%	$4.1M+15.0%	$6.5M+43.8%	$3.5M-26.9%	$2.5M-22.1%
Net Income	$2.7M-83.8%	$18.3M-1.3%	$15.0M+57.5%	$8.6M+0.8%	$17.0M+68.3%	$18.5M+17.1%	$9.5M-35.5%	$8.5M-22.2%
EPS (Basic)	$0.09-82.4%	$0.56+1.8%	$0.45+60.7%	$0.26+4.0%	$0.51+64.5%	$0.55+17.0%	$0.28-36.4%	$0.25-24.2%
EPS (Diluted)	$0.09-82.0%	$0.55+1.9%	$0.45+60.7%	$0.26+4.0%	$0.50+66.7%	$0.54+17.4%	$0.28-34.9%	$0.25-21.9%
Diluted Shares (Avg)	N/A	33M-2.7%	33M-2.6%	33M-2.3%	N/A	34M-0.3%	34M0.0%	34M+0.6%

Not reported in any period shown, so not listed: R&D Expenses.

THR Balance Sheet

THR quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$830.6M+9.9%	$755.5M-1.6%	$767.7M+18.2%	$649.6M+2.0%	$636.7M+3.0%	$617.9M-0.5%	$620.9M-5.3%	$655.8M-1.0%	$662.5M+45.9%	$454.1M-3.1%	$468.7M+4.2%	$449.8M+1.7%	$442.2M+1.5%	$435.5M+2.3%	$425.6M
Current Assets	$341.2M+24.4%	$274.3M-0.1%	$274.6M+9.4%	$250.9M+2.7%	$244.4M+18.2%	$206.8M-5.1%	$217.9M-9.1%	$239.8M+8.9%	$220.2M+11.1%	$198.2M-0.3%	$198.7M-4.1%	$207.2M+17.8%	$175.8M+16.0%	$151.6M+18.7%	$127.7M
Cash & Equivalents	$52.3M+32.2%	$39.5M-18.7%	$48.6M+36.5%	$35.6M-14.0%	$41.4M+3.3%	$40.1M-7.2%	$43.2M+37.7%	$31.4M-7.3%	$33.9M-20.9%	$42.8M0.0%	$42.8M-54.3%	$93.8M+29.1%	$72.6M0.0%	$72.6M+65.7%	$43.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.0M-97.7%	$44.8M	$0	$0	$0	$0	$0
Inventory	$118.1M+32.8%	$89.0M+3.1%	$86.3M+5.1%	$82.1M+14.6%	$71.7M+12.3%	$63.8M+5.8%	$60.3M-7.1%	$64.9M+1.7%	$63.8M+87.6%	$34.0M-16.3%	$40.6M-0.9%	$41.0M+9.9%	$37.3M+8.5%	$34.4M-10.6%	$38.5M
Accounts Receivable	$125.4M+14.2%	$109.8M+2.3%	$107.3M+9.9%	$97.6M+2.4%	$95.3M+27.9%	$74.5M-19.4%	$92.5M-12.2%	$105.3M+11.6%	$94.4M+48.2%	$63.7M+10.9%	$57.4M-5.0%	$60.4M+15.0%	$52.6M-6.3%	$56.1M+12.2%	$50.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$269.0M+1.8%	$264.3M-2.4%	$270.8M+23.3%	$219.6M+3.2%	$212.8M-0.1%	$213.0M+7.6%	$198.0M-3.4%	$205.0M-2.6%	$210.6M+71.9%	$122.5M+0.8%	$121.5M+15.5%	$105.2M-7.8%	$114.1M-1.9%	$116.3M-1.4%	$118.0M
Total Liabilities	$291.9M+12.2%	$260.1M-11.2%	$292.9M+27.0%	$230.6M-2.9%	$237.5M-0.6%	$239.0M-12.9%	$274.5M-10.5%	$306.8M-4.6%	$321.6M+127.2%	$141.6M-16.7%	$170.0M-4.5%	$178.0M-7.2%	$191.7M-8.5%	$209.5M-10.1%	$233.1M
Current Liabilities	$126.8M+12.6%	$112.7M+3.1%	$109.3M-0.7%	$110.1M+35.9%	$81.0M+53.4%	$52.8M-12.9%	$60.6M-17.3%	$73.3M+17.4%	$62.4M+19.3%	$52.3M-9.1%	$57.6M+8.3%	$53.1M+21.6%	$43.7M-4.3%	$45.7M-31.4%	$66.5M
Non-Current Liabilities	$165.0M+11.9%	$147.5M-19.7%	$183.6M+52.3%	$120.6M-22.9%	$156.5M-16.0%	$186.2M-12.9%	$213.8M-8.4%	$233.5M-9.9%	$259.2M+190.4%	$89.3M-20.6%	$112.4M-10.0%	$124.9M-15.6%	$148.0M-9.7%	$163.8M-1.7%	$166.6M
Long-Term Debt	$113.6M-5.7%	$120.4M-20.8%	$152.0M+73.2%	$87.7M-32.0%	$129.0M-13.1%	$148.5M-15.6%	$176.0M-14.8%	$206.5M-8.2%	$225.0M+177.8%	$81.0M-14.3%	$94.5M-12.5%	$108.0M-11.1%	$121.5M+2.8%	$118.1M-15.1%	$139.1M
Total Equity	$538.7M+8.8%	$495.3M+4.3%	$474.9M+13.3%	$419.0M+5.0%	$399.2M+5.4%	$378.9M+9.4%	$346.4M+0.5%	$344.7M+2.9%	$334.9M+8.8%	$307.9M+4.6%	$294.4M+8.3%	$271.8M+8.5%	$250.5M+10.8%	$226.0M+17.4%	$192.5M
Retained Earnings	$386.9M+13.0%	$342.3M+18.5%	$288.8M+21.7%	$237.2M+16.5%	$203.5M+11.0%	$183.4M+0.5%	$182.6M+7.0%	$170.6M+14.7%	$148.8M+8.7%	$136.9M+12.0%	$122.3M+23.2%	$99.2M+99.0%	$49.9M+107.2%	$24.1M+926.9%	-$2.9M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$830.6M+9.9%	$816.7M+7.0%	$778.2M+2.2%	$765.3M+1.1%	$755.5M-1.6%	$763.4M-5.2%	$761.5M+14.7%	$756.9M+15.2%
Current Assets	$341.2M+24.4%	$320.6M+14.4%	$288.9M+5.0%	$272.9M+2.4%	$274.3M-0.1%	$280.2M-9.5%	$275.0M+1.9%	$266.3M+4.2%
Cash & Equivalents	$52.3M+32.2%	$46.9M+20.9%	$29.7M-19.6%	$36.5M-25.6%	$39.5M-18.7%	$38.7M-30.1%	$37.0M+21.2%	$49.1M+48.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$118.1M+32.8%	$117.0M+26.7%	$111.0M+18.6%	$104.9M+16.7%	$89.0M+3.1%	$92.3M-4.1%	$93.6M+1.1%	$89.9M-3.2%
Accounts Receivable	$125.4M+14.2%	$111.9M-2.4%	$102.1M+9.2%	$100.7M+2.1%	$109.8M+2.3%	$114.6M-5.0%	$93.5M-7.9%	$98.7M+7.7%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$269.0M+1.8%	$271.4M+3.0%	$269.8M+0.1%	$271.8M+0.9%	$264.3M-2.4%	$263.5M-1.9%	$269.5M+23.1%	$269.4M+21.4%
Total Liabilities	$291.9M+12.2%	$278.0M+1.2%	$263.0M-3.1%	$256.0M-8.9%	$260.1M-11.2%	$274.7M-18.6%	$271.2M+22.5%	$281.0M+25.9%
Current Liabilities	$126.8M+12.6%	$110.6M+0.8%	$102.5M+4.3%	$112.5M+10.0%	$112.7M+3.1%	$109.7M-21.5%	$98.3M-16.7%	$102.2M-7.1%
Non-Current Liabilities	$165.0M+11.9%	$167.4M+1.4%	$160.5M-7.2%	$143.5M-19.7%	$147.5M-19.7%	$165.0M-16.6%	$173.0M+67.1%	$178.7M+58.0%
Long-Term Debt	$113.6M-5.7%	$115.8M-14.1%	$118.1M-17.5%	$116.0M-21.4%	$120.4M-20.8%	$134.8M	$143.2M	$147.6M
Total Equity	$538.7M+8.8%	$538.7M+10.2%	$515.2M+5.1%	$509.3M+7.0%	$495.3M+4.3%	$488.7M+4.5%	$490.3M+10.8%	$476.0M+9.7%
Retained Earnings	$386.9M+13.0%	$384.1M+18.1%	$365.8M+19.2%	$350.9M+18.0%	$342.3M+18.5%	$325.3M+16.7%	$306.8M+16.7%	$297.3M+19.8%

THR Cash Flow Statement

THR quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$46.8M-25.9%	$63.1M-4.3%	$66.0M+14.3%	$57.7M+100.7%	$28.8M-5.1%	$30.3M-57.2%	$70.7M+204.5%	$23.2M+1.4%	$22.9M-13.5%	$26.5M-44.7%	$47.9M-7.4%	$51.7M+12.2%	$46.1M+11.5%	$41.4M+1229.4%	$3.1M
Depreciation & Amortization	$22.5M+0.6%	$22.3M+18.6%	$18.8M-2.0%	$19.2M-4.8%	$20.2M-2.5%	$20.7M+97.3%	$10.5M+14.2%	$9.2M+15.5%	$8.0M+31.4%	$6.1M+30.2%	$4.7M+38.2%	$3.4M+9.1%	$3.1M+17.9%	$2.6M+1.0%	$2.6M
Stock-Based Compensation	$8.2M+57.2%	$5.2M-8.9%	$5.8M-3.4%	$6.0M+56.6%	$3.8M+2.0%	$3.7M-24.8%	$5.0M+19.6%	$4.1M+17.9%	$3.5M+3.4%	$3.4M-9.3%	$3.7M+13.8%	$3.3M+49.6%	$2.2M+64.3%	$1.3M-79.4%	$6.5M
Capital Expenditures	$13.9M+35.9%	$10.2M-7.0%	$11.0M+16.5%	$9.5M+81.1%	$5.2M-35.8%	$8.1M-25.1%	$10.9M-9.8%	$12.0M+20.3%	$10.0M+19.6%	$8.4M-33.5%	$12.6M+107.1%	$6.1M+80.4%	$3.4M-46.2%	$6.3M-29.5%	$8.9M
Free Cash Flow	$32.9M-37.8%	$52.9M-3.8%	$54.9M+13.8%	$48.3M+105.1%	$23.5M+6.2%	$22.2M-63.0%	$59.9M+435.0%	$11.2M-13.3%	$12.9M-28.8%	$18.1M-48.7%	$35.3M-22.6%	$45.7M+6.8%	$42.7M+21.8%	$35.1M+708.3%	-$5.8M
Investing Cash Flow	-$13.1M+12.6%	-$15.0M+86.3%	-$109.5M-145.8%	-$44.6M-883.3%	-$4.5M+42.1%	-$7.8M+21.8%	-$10.0M+0.6%	-$10.1M+94.0%	-$166.5M	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$17.3M+69.3%	-$56.4M-199.8%	$56.5M+519.9%	-$13.5M+40.6%	-$22.7M+19.7%	-$28.2M+39.4%	-$46.5M-230.0%	-$14.1M-110.5%	$133.9M	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Share Buybacks	$15.8M-21.7%	$20.1M+7955.2%	$250K	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$10.6M-66.8%	$18.0M+82.8%	$7.4M-13.3%	$10.7M-15.1%	$32.1M-14.2%	$9.8M-59.6%	$8.6M+152.4%	$12.7M+1358.4%
Depreciation & Amortization	$5.3M-5.1%	$5.7M+1.4%	$5.8M+4.2%	$5.7M+1.8%	$5.6M-3.2%	$5.6M+31.6%	$5.6M+27.7%	$5.6M+25.3%
Stock-Based Compensation	N/A	N/A	N/A	$1.5M+39.2%	N/A	N/A	N/A	$1.1M-14.0%
Capital Expenditures	$3.5M+14.8%	$4.9M+253.1%	$3.1M+64.6%	$2.4M-38.3%	$3.1M-2.0%	$1.4M-38.7%	$1.9M-33.7%	$3.9M+40.1%
Free Cash Flow	$7.1M-75.4%	$13.1M+54.7%	$4.4M-34.9%	$8.3M-4.8%	$29.0M-15.3%	$8.4M-61.7%	$6.7M+1045.3%	$8.7M+551.9%
Investing Cash Flow	-$3.2M+12.2%	-$4.5M+19.7%	-$3.1M-65.4%	-$2.4M+39.8%	-$3.7M-193.7%	-$5.6M+94.6%	-$1.8M+33.8%	-$3.9M-40.0%
Financing Cash Flow	-$1.6M+94.4%	$3.8M+126.6%	-$6.8M-20.9%	-$12.6M-58.0%	-$28.6M+30.3%	-$14.2M-113.9%	-$5.7M-106.2%	-$8.0M-331.8%
Share Buybacks	$0-100.0%	$0-100.0%	$6.0M+165.9%	$9.8M+518.6%	$13.9M+5479.6%	$2.4M	$2.3M	$1.6M

Not reported in any period shown, so not listed: Dividends Paid.

THR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

THR quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	45.3%+0.6pp	44.7%+2.0pp	42.8%+0.8pp	42.0%+2.6pp	39.4%-2.9pp	42.3%+0.2pp	42.1%-0.5pp	42.6%-4.0pp	46.6%+4.2pp	42.4%-4.2pp	46.6%-3.5pp	50.1%+1.4pp	48.7%+2.0pp	46.8%-1.7pp	48.5%
Operating Margin	13.2%-2.8pp	16.0%+0.8pp	15.2%+2.7pp	12.5%+1.7pp	10.8%+8.1pp	2.7%-5.8pp	8.5%-3.2pp	11.8%+1.1pp	10.6%+2.1pp	8.5%-4.5pp	13.0%-8.7pp	21.7%+0.6pp	21.1%+1.1pp	20.1%+3.7pp	16.3%
Net Margin	8.3%-2.4pp	10.7%+0.3pp	10.4%+2.8pp	7.6%+2.0pp	5.7%+5.3pp	0.3%-2.8pp	3.1%-2.5pp	5.6%+1.3pp	4.3%-1.4pp	5.7%-2.7pp	8.4%-7.6pp	16.0%+6.7pp	9.3%-0.2pp	9.5%+5.1pp	4.4%
Return on Equity	8.3%-2.5pp	10.8%-0.1pp	10.9%+2.8pp	8.0%+3.0pp	5.0%+4.8pp	0.2%-3.2pp	3.5%-3.3pp	6.7%+2.8pp	4.0%-0.9pp	4.9%-3.2pp	8.0%-10.1pp	18.2%+7.9pp	10.3%-1.6pp	11.9%+5.7pp	6.3%
Return on Assets	5.4%-1.7pp	7.1%+0.4pp	6.7%+1.5pp	5.2%+2.0pp	3.2%+3.0pp	0.1%-1.8pp	1.9%-1.6pp	3.5%+1.5pp	2.0%-1.3pp	3.3%-1.8pp	5.1%-5.9pp	11.0%+5.1pp	5.8%-0.4pp	6.2%+3.4pp	2.8%
Current Ratio	2.69+0.3x	2.43-0.1x	2.51+0.2x	2.28-0.7x	3.02-0.9x	3.92+0.3x	3.59+0.3x	3.27-0.3x	3.53-0.3x	3.79+0.3x	3.45-0.4x	3.90-0.1x	4.02+0.7x	3.32+1.4x	1.92
Debt-to-Equity	0.210.0x	0.24-0.1x	0.32+0.1x	0.21-0.1x	0.32-0.1x	0.39-0.1x	0.51-0.1x	0.60-0.1x	0.67+0.4x	0.26-0.1x	0.32-0.1x	0.40-0.1x	0.490.0x	0.52-0.2x	0.72
Asset Turnover	0.650.0x	0.660.0x	0.640.0x	0.68+0.1x	0.56+0.1x	0.45-0.2x	0.620.0x	0.63+0.2x	0.47-0.1x	0.580.0x	0.60-0.1x	0.69+0.1x	0.630.0x	0.650.0x	0.64
FCF Margin	6.1%-4.5pp	10.6%-0.5pp	11.1%+0.2pp	10.9%+4.3pp	6.6%-1.4pp	8.0%-7.6pp	15.6%+12.9pp	2.7%-1.5pp	4.2%-2.7pp	6.9%-5.7pp	12.5%-2.3pp	14.8%-0.6pp	15.4%+3.0pp	12.4%+14.5pp	-2.1%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Gross Margin	44.0%-0.3pp	46.6%+0.4pp	46.4%+2.0pp	44.1%+0.3pp	44.3%+3.3pp	46.2%+4.2pp	44.4%+0.4pp	43.8%-0.5pp
Operating Margin	7.3%-10.0pp	18.1%-2.5pp	16.4%+3.1pp	10.8%-1.2pp	17.3%+4.1pp	20.6%+4.9pp	13.3%-4.3pp	11.9%-2.5pp
Net Margin	1.8%-10.8pp	12.4%-1.4pp	11.3%+3.1pp	7.9%+0.5pp	12.7%+4.8pp	13.8%+2.2pp	8.3%-3.6pp	7.4%-2.8pp
Return on Equity	0.5%-2.9pp	3.4%-0.4pp	2.9%+1.0pp	1.7%-0.1pp	3.4%+1.3pp	3.8%+0.4pp	1.9%-1.4pp	1.8%-0.7pp
Return on Assets	0.3%-1.9pp	2.2%-0.2pp	1.9%+0.7pp	1.1%0.0pp	2.3%+0.9pp	2.4%+0.5pp	1.3%-1.0pp	1.1%-0.5pp
Current Ratio	2.69+0.3x	2.90+0.3x	2.820.0x	2.43-0.2x	2.43-0.1x	2.56+0.3x	2.80+0.5x	2.61+0.3x
Debt-to-Equity	0.210.0x	0.21-0.1x	0.23-0.1x	0.23-0.1x	0.24-0.1x	0.28-0.4x	0.29-0.2x	0.31-0.2x
Asset Turnover	0.180.0x	0.180.0x	0.170.0x	0.140.0x	0.180.0x	0.180.0x	0.150.0x	0.150.0x
FCF Margin	4.8%-16.8pp	8.9%+2.6pp	3.3%-2.5pp	7.6%+0.1pp	21.6%-5.2pp	6.3%-9.9pp	5.8%+5.4pp	7.6%+9.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
THERMON GROUP HOLDINGS, INC. THR	FY2026	$536.3M	$44.6M	8.3%	$2.0B	65/100
The Gorman-Rupp Company GRC	FY2025	$682.4M	$53.0M	7.8%	$2.0B	59/100
Kornit Digital Ltd. KRNT	FY2025	$208.2M	-$13.5M	-6.5%	$786.3M	47/100
Serve Robotics Inc. SERV	FY2025	$2.7M	-$101.4M	N/A	$377.2M	57/100
Graham Corporation GHM	FY2026	$245.3M	$12.5M	5.1%	$966.8M	49/100
TENNANT COMPANY TNC	FY2025	$1.2B	$43.8M	3.6%	$1.1B	52/100

Where THERMON GROUP HOLDINGS, INC. Ranks

Frequently Asked Questions

What is THERMON GROUP HOLDINGS, INC.'s annual revenue?

THERMON GROUP HOLDINGS, INC. (THR) reported $536.3M in total revenue for fiscal year 2026. This represents a 7.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is THERMON GROUP HOLDINGS, INC.'s revenue growing?

THERMON GROUP HOLDINGS, INC. (THR) revenue grew by 7.6% year-over-year, from $498.2M to $536.3M in fiscal year 2026.

Is THERMON GROUP HOLDINGS, INC. profitable?

Yes, THERMON GROUP HOLDINGS, INC. (THR) reported a net income of $44.6M in fiscal year 2026, with a net profit margin of 8.3%.

What is THERMON GROUP HOLDINGS, INC.'s EBITDA?

THERMON GROUP HOLDINGS, INC. (THR) had EBITDA of $93.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does THERMON GROUP HOLDINGS, INC. have?

As of fiscal year 2026, THERMON GROUP HOLDINGS, INC. (THR) had $52.3M in cash and equivalents against $113.6M in long-term debt.

What is THERMON GROUP HOLDINGS, INC.'s gross margin?

THERMON GROUP HOLDINGS, INC. (THR) had a gross margin of 45.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is THERMON GROUP HOLDINGS, INC.'s operating margin?

THERMON GROUP HOLDINGS, INC. (THR) had an operating margin of 13.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is THERMON GROUP HOLDINGS, INC.'s net profit margin?

THERMON GROUP HOLDINGS, INC. (THR) had a net profit margin of 8.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is THERMON GROUP HOLDINGS, INC.'s return on equity (ROE)?

THERMON GROUP HOLDINGS, INC. (THR) has a return on equity of 8.3% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is THERMON GROUP HOLDINGS, INC.'s free cash flow?

THERMON GROUP HOLDINGS, INC. (THR) generated $32.9M in free cash flow during fiscal year 2026. This represents a -37.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is THERMON GROUP HOLDINGS, INC.'s operating cash flow?

THERMON GROUP HOLDINGS, INC. (THR) generated $46.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are THERMON GROUP HOLDINGS, INC.'s total assets?

THERMON GROUP HOLDINGS, INC. (THR) had $830.6M in total assets as of fiscal year 2026, including both current and long-term assets.

What are THERMON GROUP HOLDINGS, INC.'s capital expenditures?

THERMON GROUP HOLDINGS, INC. (THR) invested $13.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does THERMON GROUP HOLDINGS, INC. spend on research and development?

THERMON GROUP HOLDINGS, INC. (THR) invested $9.5M in research and development during fiscal year 2026.

Does THERMON GROUP HOLDINGS, INC. buy back shares?

Yes, THERMON GROUP HOLDINGS, INC. (THR) spent $15.8M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does THERMON GROUP HOLDINGS, INC. have outstanding?

THERMON GROUP HOLDINGS, INC. (THR) had 33M shares outstanding as of fiscal year 2026.

What is THERMON GROUP HOLDINGS, INC.'s current ratio?

THERMON GROUP HOLDINGS, INC. (THR) had a current ratio of 2.69 as of fiscal year 2026, which is generally considered healthy.

What is THERMON GROUP HOLDINGS, INC.'s debt-to-equity ratio?

THERMON GROUP HOLDINGS, INC. (THR) had a debt-to-equity ratio of 0.21 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is THERMON GROUP HOLDINGS, INC.'s return on assets (ROA)?

THERMON GROUP HOLDINGS, INC. (THR) had a return on assets of 5.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is THERMON GROUP HOLDINGS, INC.'s Altman Z-Score?

THERMON GROUP HOLDINGS, INC. (THR) has an Altman Z-Score of 6.03, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is THERMON GROUP HOLDINGS, INC.'s Piotroski F-Score?

THERMON GROUP HOLDINGS, INC. (THR) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are THERMON GROUP HOLDINGS, INC.'s earnings high quality?

THERMON GROUP HOLDINGS, INC. (THR) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can THERMON GROUP HOLDINGS, INC. cover its interest payments?

THERMON GROUP HOLDINGS, INC. (THR) has an interest coverage ratio of 8.85x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is THERMON GROUP HOLDINGS, INC.?

THERMON GROUP HOLDINGS, INC. (THR) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.