Thermon Group Holdings Inc (THR)

Name: Thermon Group Holdings Inc Financial Statements
Creator: Quarter Results

Industrials | Industrial Machinery

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$147M

Net Income

$18.3M

Operating Margin

18.1%

Free Cash Flow

$52.9M

Debt / Assets

34.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Thermon Group Holdings Inc (THR).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2024-12-31
Revenue	147,310,000	131,723,000	108,898,000	134,353,000
Cost of Revenue	78,659,000	70,647,000	60,853,000	72,232,000
Gross Profit	68,651,000	61,076,000	48,045,000	62,121,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	38,518,000	35,994,000	32,830,000	34,001,000
Operating Expenses	41,998,000	39,496,000	36,319,000	34,435,000
Operating Income	26,653,000	21,580,000	11,726,000	27,686,000
Interest Expense	2,161,000	2,021,999	1,961,000	2,535,000
Income Before Tax	24,624,000	20,014,000	11,007,000	25,025,000
Income Tax Expense	6,333,000	5,060,000	2,426,000	6,486,000
Net Income	18,291,000	14,954,000	8,581,000	18,539,000
Per Share
EPS	0.56	0.45	0.26	0.55
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Thermon Group Holdings Inc (THR).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	498,207,000	494,629,000	440,590,000	355,674,000	276,181,000
Cost of Revenue	275,311,000	283,065,000	255,465,000	215,556,000	158,938,000
Gross Profit	222,896,000	211,564,000	185,125,000	140,118,000	117,243,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	129,759,000	123,761,000	116,795,000	93,337,000	89,763,000
Operating Expenses	143,139,000	136,193,000	126,242,000	102,127,000	99,208,000
Operating Income	79,757,000	75,371,000	55,190,000	38,405,000	7,777,000
Interest Expense	10,325,000	8,845,000	5,871,000	5,815,000	10,261,000
Income Before Tax	70,119,000	67,674,000	49,233,000	28,425,000	-273,000
Income Tax Expense	16,604,000	16,086,000	15,567,000	8,333,000	-1,438,000
Net Income	53,515,000	51,588,000	33,666,000	20,092,000	1,165,000
Per Share
EPS	1.59	1.53	1.01	0.60	0.04
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Thermon Group Holdings Inc (THR).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	39,537,000	48,631,000	35,635,000	41,445,000
Short Term Investments	0	0	0	0
Net Receivables	129,249,000	125,638,000	117,037,000	119,557,000
Inventory	88,980,000	86,321,000	82,132,000	71,650,000
Total Current Assets	274,292,000	274,600,000	250,942,000	244,438,000
Property Plant Equipment	84,016,000	81,948,000	76,858,000	76,573,000
Goodwill and Intangibles	379,614,000	397,878,000	313,582,000	307,662,000
Total Assets	755,452,000	767,740,000	649,629,000	636,669,000
Liabilities
Account Payables	31,185,000	31,396,000	27,330,000	33,567,000
Short Term Debt	22,023,000	22,898,000	28,086,000	11,553,000
Total Current Liabilities	112,663,000	109,269,000	110,072,000	80,998,000
Long Term Debt	129,665,000	164,592,000	100,189,000	130,090,000
Total Liabilities	260,137,000	292,853,000	230,641,000	237,465,000
Shareholders Equity
Retained Earnings	342,298,000	288,783,000	237,195,000	203,528,000
Total Shareholders Equity	495,315,000	474,887,000	418,988,000	399,204,000

Balance sheet annual history for Thermon Group Holdings Inc (THR).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	39,537,000	48,631,000	35,635,000	41,445,000	40,124,000
Short Term Investments	0	0	0	0	0
Net Receivables	129,249,000	125,638,000	117,037,000	119,557,000	94,111,000
Inventory	88,980,000	86,321,000	82,132,000	71,650,000	63,790,000
Total Current Assets	274,292,000	274,600,000	250,942,000	244,438,000	206,809,000
Property Plant Equipment	84,016,000	81,948,000	76,858,000	76,573,000	85,249,000
Goodwill and Intangibles	379,614,000	397,878,000	313,582,000	307,662,000	316,822,000
Total Assets	755,452,000	767,740,000	649,629,000	636,669,000	617,878,000
Liabilities
Account Payables	31,185,000	31,396,000	27,330,000	33,567,000	19,722,000
Short Term Debt	22,023,000	22,898,000	28,086,000	11,553,000	6,011,000
Total Current Liabilities	112,663,000	109,269,000	110,072,000	80,998,000	52,428,000
Long Term Debt	129,665,000	164,592,000	100,189,000	130,090,000	155,390,000
Total Liabilities	260,137,000	292,853,000	230,641,000	237,465,000	238,717,000
Shareholders Equity
Retained Earnings	342,298,000	288,783,000	237,195,000	203,528,000	183,725,000
Total Shareholders Equity	495,315,000	474,887,000	418,988,000	399,204,000	379,161,000

Cash flow quarterly history for Thermon Group Holdings Inc (THR).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	53,515,000	51,588,000	33,666,000	20,092,000
Depreciation & Amortization	22,339,000	18,837,000	19,231,000	20,205,000
Stock Based Compensation	5,244,000	5,754,000	5,954,000	3,803,000
Change in Working Capital	-16,375,000	-7,934,000	3,688,000	-16,225,000
Operating Cash Flow	63,118,000	65,955,000	57,714,000	28,754,000
Investing Activities
Capital Expenditure	-10,249,000	-11,016,000	-9,453,000	-5,220,000
Investments	-10,249,000	-11,016,000	-9,453,000	-5,220,000
Investing Cash Flow	-14,970,000	-109,522,000	-44,555,000	-4,531,000
Financing Activities
Debt Repayment	-33,683,000	59,600,000	-47,322,000	-179,069,000
Common Stock Issued/Repurchased	-23,368,000	-2,308,000	-643,000	-576,000
Dividends Paid	0	0	0	-97,000
Financing Cash Flow	-56,419,000	56,533,000	-13,465,000	-22,658,000
Summary
Free Cash Flow	52,869,000	54,939,000	48,261,000	23,534,000
Net Change in Cash	-9,009,000	11,911,000	-5,411,000	1,481,000

Cash flow annual history for Thermon Group Holdings Inc (THR).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	53,515,000	51,588,000	33,666,000	20,092,000	1,165,000
Depreciation & Amortization	22,339,000	18,837,000	19,231,000	20,205,000	20,722,000
Stock Based Compensation	5,244,000	5,754,000	5,954,000	3,803,000	3,728,000
Change in Working Capital	-16,375,000	-7,934,000	3,688,000	-16,225,000	4,462,000
Operating Cash Flow	63,118,000	65,955,000	57,714,000	28,754,000	30,289,000
Investing Activities
Capital Expenditure	-10,249,000	-11,016,000	-9,453,000	-5,220,000	-8,132,000
Investments	-10,249,000	-11,016,000	-9,453,000	-5,220,000	-8,132,000
Investing Cash Flow	-14,970,000	-109,522,000	-44,555,000	-4,531,000	-7,832,000
Financing Activities
Debt Repayment	-33,683,000	59,600,000	-47,322,000	-179,069,000	-65,239,000
Common Stock Issued/Repurchased	-23,368,000	-2,308,000	-643,000	-576,000	0
Dividends Paid	0	0	0	-97,000	0
Financing Cash Flow	-56,419,000	56,533,000	-13,465,000	-22,658,000	-28,205,000
Summary
Free Cash Flow	52,869,000	54,939,000	48,261,000	23,534,000	22,157,000
Net Change in Cash	-9,009,000	11,911,000	-5,411,000	1,481,000	-3,556,000