Thermon Group Holdings, Inc.

Listed Company

THRCIK 0001489096NYSELarge AcceleratedElectrical Industrial ApparatusDelawareFY ends Mar 31

Period

FY 2026

Revenue

$536.26M

Net Income

$44.57M

Total Assets

$830.58M

Equity

$538.71M

Shares Out

32.94M

Op. Cash Flow

$46.80M

THR$61.02+130.18% · past yearDBEQ Basic

Daily closing prices

Business

Thermon Group Holdings is a global provider of engineered industrial process heating solutions, including heat tracing products, boilers, and controls for oil & gas, chemical, power generation, and food & beverage sectors. The company manufactures heating cables, environmental heaters, and filtration systems, and delivers design engineering, project services, and maintenance support. Thermon operates through geographic segments in North America, Europe, and Asia-Pacific via manufacturing facilities and a global network of sales agents and distributors.

Summary from 10-K filed 2026-05-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Sales	536	498	495	441	356
Cost of sales	293	275	283	255	216
Gross profit	243	223	212	185	140
Selling, general and administrative expenses	158	129	124	117	93
Deferred compensation plan expense/(income)	599,000	452,000	1	−208,000	283,000
Amortization of intangible assets	13	14	10	9	9
Restructuring and other charges/(income)	0	−301,000	984,000	4	−414,000
Income from operations	71	80	75	55	38
Interest expense, net	−8	−10	−9	−6	−6
Other income/(expense)	1	687,000	1	−86,000	−4
Income before provision for income taxes	64	70	68	49	28
Income tax expense	20	17	16	16	8
Net income	45	54	52	34	20
Net income	45	54	52	34	20
Foreign currency translation adjustment	10	−16	836,000	−19	−3
Other	0	−79,000	29,000	8,000	−65,000
Total comprehensive income	55	38	52	14	17
Basic (in dollars per share)	1.37	1.59	1.53	1.01	0.6
Diluted (in dollars per share)	1.36	1.57	1.51	1	0.6
Basic (in shares)	33	34	34	33	33
Diluted (in shares)	33	34	34	34	34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	52	40	49	36	41
Accounts receivable, net of allowances of $1,355 and $1,230 as of March 31, 2026 and 2025, respectively	125	110	107	98	95
Inventories, net	118	89	86	82	72
Contract assets	27	19	17	16	—
Prepaid expenses and other current assets	19	17	14	16	12
Income tax receivable	53,000	231,000	2	3	5
Total current assets	341	274	275	251	244
Property, plant and equipment, net of depreciation and amortization of $81,934 and $75,773 as of March 31, 2026 and 2025, respectively	80	73	68	63	—
Goodwill	269	264	271	220	213
Intangible assets, net	104	115	127	94	95
Operating lease right-of-use assets	15	11	14	14	11
Deferred income taxes	1	895,000	1	688,000	1
Other non-current assets	21	17	12	8	7
Total assets	831	755	768	650	637
Accounts payable	41	31	31	27	34
Accrued liabilities	50	36	32	39	27
Current portion of long-term debt	8	18	15	10	8
Contract liabilities	19	20	21	8	—
Lease liabilities	5	4	3	3	—
Income taxes payable	4	4	3	7	897,000
Total current liabilities	127	113	109	110	81
Borrowings under revolving credit facility	20	0	—	—	—
Long-term debt, net of current maturities and deferred debt issuance costs of $503 and $508 as of March 31, 2026 and 2025, respectively	114	120	152	88	—
Deferred income taxes	11	10	9	12	—
Non-current lease liabilities	12	9	13	12	—
Other non-current liabilities	9	8	10	8	8
Total liabilities	292	260	293	231	237
Common stock: $.001 par value; 150,000,000 authorized; 34,169,520 issued and 32,866,352 outstanding, and 33,945,413 shares issued and 33,243,370 outstanding at March 31, 2026 and 2025, respectively	33,000	33,000	34,000	33,000	33,000
Preferred stock: $.001 par value; 10,000,000 authorized; no shares issued and outstanding	0	0	0	0	0
Additional paid-in capital	251	246	244	240	235
Treasury stock, common stock, at cost; 1,303,168 and 702,043 shares at March 31, 2026 and 2025, respectively	−36	−20	−250,000	0	—
Accumulated other comprehensive loss	−63	−73	−57	−58	−39
Retained earnings	387	342	289	237	204
Total equity	539	495	475	419	399
Total liabilities and equity	831	755	768	650	637

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization	22	22	19	19	20
Amortization of debt costs	497,000	486,000	489,000	317,000	596,000
Stock compensation expense	8	5	6	6	4
Deferred income taxes	619,000	−1	−2	−5	−2
Reserve release for uncertain tax positions	0	−1	84,000	36,000	77,000
Remeasurement (gain)/loss on intercompany balances	−75,000	36,000	−784,000	−914,000	−247,000
Accounts receivable	−13	−4	−540,000	−3	−22
Inventories	−28	−698,000	4	−9	−9
Contract assets and liabilities	−8	−7	−101,000	4	−3
Other current and non-current assets	−3	−9	−5	57,000	−3
Accounts payable	8	−1	3	−7	14
Accrued liabilities and non-current liabilities	14	3	−6	11	2
Income taxes payable and receivable	−44,000	2	−2	7	4
Net cash provided by operating activities	47	63	66	58	29
Purchases of property, plant and equipment	−14	−10	−11	−9	−5
Sales of rental equipment	850,000	65,000	99,000	197,000	689,000
Proceeds from sale of property, plant and equipment	0	6	840,000	0	0
Proceeds from disposal of business	0	0	1	0	0
Cash paid for acquisitions, net of cash acquired	0	−11	−100	−35	0
Net cash used in investing activities	−13	−15	−110	−45	−5
Proceeds from Term Loan A	125	0	100	0	140
Payments on Term Loan A	−142	−29	−31	−27	−171
Proceeds from revolving credit facility	37	12	18	35	18
Payments on revolving credit facility	−17	−17	−28	−20	−8
Issuance costs associated with debt financing	−523,000	0	−759,000	0	−1
Lease financing	−59,000	−58,000	−28,000	−142,000	−155,000
Issuance of common stock including exercise of stock options	72,000	632,000	0	0	97,000
Repurchase of employee stock units on vesting	−4	−3	−2	−643,000	−673,000
Repurchase of treasury shares under authorized program	−16	−20	−250,000	0	0
Net cash provided by/ (used in) financing activities	−17	−56	57	−13	−23
Effect of exchange rate changes on cash and cash equivalents	29,000	−738,000	−1	−1	−84,000
Change in cash and cash equivalents	16	−9	12	−5	1
Interest paid	9	10	9	6	6
Income taxes paid	18	16	23	15	10
Income tax refunds received	189,000	1	3	2	4
Purchases of property, plant and equipment in accounts payable	1	311,000	654,000	324,000	84,000

Filings

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Frequently asked questions

What is Thermon Group Holdings, Inc.'s CIK number?

Thermon Group Holdings, Inc.'s SEC CIK number is 0001489096 (1489096). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Thermon Group Holdings, Inc.'s SEC filings?

All of Thermon Group Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Thermon Group Holdings, Inc. last report earnings?

Thermon Group Holdings, Inc. (THR) most recently filed an earnings 8-K with the SEC on May 19, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001489096-26-000063). This is Thermon Group Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Thermon Group Holdings, Inc.'s most recent earnings 8-K?

Thermon Group Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 19, 2026 under accession 0001489096-26-000063. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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