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Equiscale · Syntellia LLC
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services; tubing bundle solutions comprising bundle design services, heated, and insulated sample lines; temporary power systems; heated blankets; and electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other complementary products and services. It also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions that offer electric or gas-powered space heating for hazardous and non-hazardous areas under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and electric resistance, electrode, and fired coil tube boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, the company offers project services, such as engineering and design, procurement and project management, turnkey construction installation, recurring facility assessment or audit, and maintenance services. Further, it operates an electron cross-linking facility. The company serves the general industrial, chemical and petrochemical, oil, gas, power generation, commercial, food and beverage, rail and transit, and other markets. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $536M | $95M | $45M | $33M | 8.3% | 7.6% | -16.7% |
| 2025 | $498M | $103M | $54M | $53M | 10.8% | 0.7% | 3.7% |
| 2024 | $495M | $95M | $52M | $55M | 10.9% | 12.3% | 53.2% |
| 2023 | $441M | $74M | $34M | $48M | 8.0% | - | - |
| 2022 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 440.59 | 494.63 | 498.21 | 536.26 |
| Operating Revenue | - | 440.59 | 494.63 | 498.21 | 536.26 |
| Cost Of Revenue | - | 255.46 | 283.06 | 275.31 | 293.21 |
| Gross Profit | - | 185.12 | 211.56 | 222.90 | 243.06 |
| Operating Expense | - | 126.24 | 135.21 | 143.44 | 172.32 |
| Selling General And Administration | - | 116.80 | 125.05 | 129.76 | 158.89 |
| Total Expenses | - | 381.71 | 418.27 | 418.75 | 465.52 |
| Operating Income | - | 58.88 | 76.36 | 79.46 | 70.74 |
| Total Operating Income As Reported | - | 55.19 | 75.37 | 79.76 | 70.74 |
| EBITDA | - | 74.33 | 95.36 | 102.78 | 94.69 |
| Normalized EBITDA | - | 78.13 | 96.54 | 102.41 | 94.54 |
| EBIT | - | 55.10 | 76.52 | 80.44 | 72.22 |
| Interest Expense | - | 5.87 | 8.85 | 10.32 | 8 |
| Net Interest Income | - | -5.87 | -8.85 | -10.32 | -8 |
| Other Non Operating Income Expenses | - | 0.01 | 1.35 | 0.61 | 1.34 |
| Other Income Expense | - | -3.78 | 0.16 | 0.99 | 1.48 |
| Interest Expense Non Operating | - | 5.87 | 8.85 | 10.32 | 8 |
| Net Non Operating Interest Income Expense | - | -5.87 | -8.85 | -10.32 | -8 |
| Pretax Income | - | 49.23 | 67.67 | 70.12 | 64.23 |
| Tax Provision | - | 15.57 | 16.09 | 16.60 | 19.66 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.20 | -0.38 | 0.09 | 0.04 |
| Net Income Continuous Operations | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Net Income From Continuing And Discontinued Operation | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Net Income From Continuing Operation Net Minority Interest | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Net Income | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Net Income Common Stockholders | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Net Income Including Noncontrolling Interests | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Normalized Income | - | 36.26 | 52.40 | 53.23 | 44.47 |
| Diluted NI Availto Com Stockholders | - | 33.67 | 51.59 | 53.52 | 44.57 |
| Basic Average Shares | - | 33.47 | 33.67 | 33.71 | 32.54 |
| Diluted Average Shares | - | 33.75 | 34.07 | 34.06 | 32.80 |
| Reconciled Depreciation | - | 19.23 | 18.84 | 22.34 | 22.47 |
| Reconciled Cost Of Revenue | - | 245.68 | 274.39 | 266.65 | 284.17 |
| Total Unusual Items | - | -3.79 | -1.19 | 0.38 | 0.14 |
| Total Unusual Items Excluding Goodwill | - | -3.79 | -1.19 | 0.38 | 0.14 |
| Minority Interests | 0 | - | - | - | - |
| Special Income Charges | - | -3.69 | -0.98 | 0.30 | 0.85 |
| Other Special Charges | 2.57 | - | - | - | -0.85 |
| Restructuring And Mergern Acquisition | - | 3.69 | 0.98 | -0.30 | 0 |
| Gain On Sale Of Security | - | -0.10 | -0.20 | 0.07 | -0.71 |
| Depreciation Amortization Depletion Income Statement | - | 9.45 | 10.16 | 13.68 | 13.43 |
| Depreciation And Amortization In Income Statement | - | 9.45 | 10.16 | 13.68 | 13.43 |
| General And Administrative Expense | - | -0.21 | 1.23 | 0.45 | 0.60 |
| Other Gand A | 93.05 | 117 | - | - | - |
| Salaries And Wages | - | -0.21 | 1.23 | 0.45 | 0.60 |
| Selling And Marketing Expense | - | 117 | 123.82 | 129.31 | 158.29 |
| Amortization | - | 9.45 | 10.16 | 13.68 | 13.43 |
| Amortization Of Intangibles Income Statement | - | 9.45 | 10.16 | 13.68 | 13.43 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Thermon Group Holdings, Inc.this co. | THR | $2.0B | 45.18↑ premium | 3.74 | 8.3% | 22.38 |
| American Superconductor Corporation | AMSC | $2.2B | 16.54 | 3.98 | 24.1% | 86.26 |
| TriNet Group, Inc. | TNET | $2.1B | 13.72 | 39.37 | 287.0% | 8.04 |
| The Gorman-Rupp Company | GRC | $2.1B | 38.84 | 4.97 | 12.8% | 19.39 |
| Costamare Inc. | CMRE |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.9B |
| 5.16 |
| 0.90 |
| 17.5% |
| 4.67 |
| Preformed Line Products Company | PLPC | $1.8B | 52.13 | 3.87 | 7.4% | 25.78 |
| Enovix Corporation | ENVX | $1.8B | - | 6.72 | -57.8% | - |
| JetBlue Airways Corporation | JBLU | $1.8B | -2.99 | 0.85 | -28.4% | 18.80 |
| CBIZ, Inc. | CBZ | $1.8B | 15.50 | 1.02 | 6.6% | 9.83 |
| Peer Median | - | 15.50 | 3.93 | 10.1% | 18.80 | |
Historically, Nov has averaged the highest return (+14.0%); Sep the lowest (-2.6%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +21.8%Positive MonthJan 2026: +21.77% | +12.2%Positive MonthFeb 2026: +12.22% | -0.7%Neutral MonthMar 2026: -0.75% | +20.0%Positive MonthApr 2026: +20.02% | +1.1%Neutral MonthMay 2026: +1.07% | — | — | — | — | — | — | — |
| 2025 | -3.8%Negative MonthJan 2025: -3.79% | +6.6%Positive MonthFeb 2025: +6.58% | -5.6%Negative MonthMar 2025: -5.59% | -5.8%Negative MonthApr 2025: -5.82% | -1.1%Neutral MonthMay 2025: -1.11% | +8.2%Positive MonthJun 2025: +8.25% | +0.7%Neutral MonthJul 2025: +0.71% | -6.2%Negative MonthAug 2025: -6.22% | +0.8%Neutral MonthSep 2025: +0.75% | +7.5%Positive MonthOct 2025: +7.52% | +22.2%Positive MonthNov 2025: +22.17% | +5.9%Positive MonthDec 2025: +5.87% |
| 2024 | +0.6%Neutral MonthJan 2024: +0.64% | -16.7%Negative MonthFeb 2024: -16.75% | +19.9%Positive MonthMar 2024: +19.90% | -2.4%Negative MonthApr 2024: -2.41% | +5.7%Positive MonthMay 2024: +5.73% | -8.9%Negative MonthJun 2024: -8.89% | +6.7%Positive MonthJul 2024: +6.66% | -4.2%Negative MonthAug 2024: -4.21% | -5.1%Negative MonthSep 2024: -5.06% | -12.2%Negative MonthOct 2024: -12.16% | +20.4%Positive MonthNov 2024: +20.41% | -8.8%Negative MonthDec 2024: -8.84% |
| 2023 | +15.1%Positive MonthJan 2023: +15.14% | +14.4%Positive MonthFeb 2023: +14.40% | -5.8%Negative MonthMar 2023: -5.78% | -16.6%Negative MonthApr 2023: -16.61% | +10.4%Positive MonthMay 2023: +10.39% | +16.0%Positive MonthJun 2023: +15.95% | +3.8%Positive MonthJul 2023: +3.80% | -0.5%Neutral MonthAug 2023: -0.47% | -0.0%Neutral MonthSep 2023: -0.04% | -2.8%Negative MonthOct 2023: -2.84% | +13.0%Positive MonthNov 2023: +12.96% | +8.0%Positive MonthDec 2023: +8.03% |
| 2022 | +1.3%Neutral MonthJan 2022: +1.30% | -0.2%Neutral MonthFeb 2022: -0.17% | -5.4%Negative MonthMar 2022: -5.37% | -7.4%Negative MonthApr 2022: -7.41% | +4.9%Positive MonthMay 2022: +4.93% | -10.7%Negative MonthJun 2022: -10.74% | +10.8%Positive MonthJul 2022: +10.82% | +12.7%Positive MonthAug 2022: +12.72% | -12.2%Negative MonthSep 2022: -12.19% | +15.2%Positive MonthOct 2022: +15.25% | +14.4%Positive MonthNov 2022: +14.36% | -1.1%Neutral MonthDec 2022: -1.13% |
| 2021 | — | — | — | — | -8.7%Negative MonthMay 2021: -8.74% | -2.2%Negative MonthJun 2021: -2.24% | -2.2%Negative MonthJul 2021: -2.23% | +0.2%Neutral MonthAug 2021: +0.24% | +3.7%Positive MonthSep 2021: +3.65% | -0.2%Neutral MonthOct 2021: -0.17% | -0.1%Neutral MonthNov 2021: -0.12% | -1.9%Neutral MonthDec 2021: -1.91% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
