Overview Dividends

(THR) Thermon Holdings - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US88362T1034

Industrial,Heating,Trace,Cable,Systems

EPS (Earnings per Share)

EPS Growth (3y CAGR): 2.06%
EPS Trend (3y Corr): 7.9%

Last SUE: 3.98σ
Qual. Beats: 1

Revenue

Revenue Growth (3y CAGR): 2.79%
Revenue Trend (3y Corr): 17.5%

Last SUE: 1.36σ
Qual. Beats: 1

Risk via 10d forecast
Volatility	36.2%
Value at Risk 5%th	56.7%
Relative Tail Risk	-4.95%

Reward TTM
Sharpe Ratio	0.25
Alpha	-6.38

Character TTM
Hurst Exponent	0.339
Beta	1.064
Beta Downside	1.041

Drawdowns 3y
Max DD	33.86%
Mean DD	13.55%
Median DD	14.73%

Description: THR Thermon Holdings August 28, 2025

Thermon Group Holdings Inc. (NYSE: THR) is a U.S.-based manufacturer of temperature control solutions, operating within the Electrical Components & Equipment sub‑industry. The company’s equity is publicly traded as common stock.

Key performance indicators include a revenue base exceeding $800 million annually, with a compound annual growth rate (CAGR) of roughly 5 % over the past three years, driven by expanding industrial automation and HVAC markets. EBITDA margins hover around 12 %, reflecting efficient manufacturing and a focus on higher‑margin specialty products. The firm maintains a healthy order backlog, typically representing 1.5‑2 × trailing twelve‑month sales, providing visibility into near‑term demand.

Economic drivers for Thermon are tied to global industrial production, construction activity, and the adoption of energy‑efficient temperature management systems. Fluctuations in raw material costs, particularly copper and aluminum, impact gross margins, while currency exposure is limited due to a predominantly domestic sales footprint. The company’s capital allocation strategy emphasizes reinvestment in R&D to sustain product differentiation and modest share repurchases to return excess cash.

Market dynamics such as tightening emissions regulations and the growth of data center infrastructure create tailwinds for Thermon’s high‑precision heating and cooling solutions. Conversely, macro‑economic slowdowns in key end‑markets could compress demand, making the firm’s diversified customer base across automotive, aerospace, and industrial sectors a critical risk mitigant.

THR Stock Overview

Market Cap in USD	1,150m
Sub-Industry	Electrical Components & Equipment
IPO / Inception	2011-05-05
Return 12m vs S&P 500	-5.03%
Analyst Rating	4.0 of 5

THR Dividends

Currently no dividends paid

THR Growth Ratios

Metric	Value
CAGR 3y	17.05%
CAGR/Max DD Calmar Ratio	0.50
CAGR/Mean DD Pain Ratio	1.26
Current Volume	192.2k
Average Volume	217.3k

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (59.0m TTM) > 0 and > 6% of Revenue (6% = 30.5m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -2.98pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 36.62% (prev 35.79%; Δ 0.83pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 60.1m > Net Income 59.0m (YES >=105%, WARN >=100%)

Net Debt (121.9m) to EBITDA (108.5m) ratio: 1.12 <= 3.0 (WARN <= 3.5)

Current Ratio 2.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (33.2m) change vs 12m ago -2.63% (target <= -2.0% for YES)

Gross Margin 45.31% (prev 26.75%; Δ 18.56pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 66.12% (prev 64.85%; Δ 1.27pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 9.90 (EBITDA TTM 108.5m / Interest Expense TTM 8.67m) >= 6 (WARN >= 3)

Altman Z'' 5.07

(A) 0.24 = (Total Current Assets 288.9m - Total Current Liabilities 102.5m) / Total Assets 778.2m

(B) 0.47 = Retained Earnings (Balance) 365.8m / Total Assets 778.2m

(D) 1.16 = Book Value of Equity 305.1m / Total Liabilities 263.0m

Total Rating: 5.07 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.49

1. Piotroski 7.0pt

2. FCF Yield 3.94%

3. FCF Margin 9.84%

4. Debt/Equity 0.29

5. Debt/Ebitda 1.12

6. ROIC - WACC (= 1.06)%

7. RoE 11.76%

8. Rev. Trend 17.47%

9. EPS Trend 7.90%

What is the price of THR shares?

As of November 21, 2025, the stock is trading at USD 32.76 with a total of 192,177 shares traded.
Over the past week, the price has changed by -5.97%, over one month by +22.01%, over three months by +30.62% and over the past year by +6.23%.

Is THR a buy, sell or hold?

Thermon Holdings has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy THR.

Strong Buy: 1
Buy: 2
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the THR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	34.5	5.3%
Analysts Target Price	34.5	5.3%
ValueRay Target Price	36.1	10.2%

THR Fundamental Data Overview November 16, 2025

Market Cap USD = 1.15b (1.15b USD * 1.0 USD.USD)
P/E Trailing = 20.0171
P/E Forward = 17.0068
P/S = 2.2599
P/B = 2.2207
P/EG = 4.04
Beta = 0.824
Revenue TTM = 509.1m USD
EBIT TTM = 85.8m USD
EBITDA TTM = 108.5m USD
Long Term Debt = 132.8m USD (from longTermDebt, last quarter)
Short Term Debt = 10.1m USD (from shortTermDebt, last quarter)
Debt = 151.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 121.9m USD (from netDebt column, last quarter)
Enterprise Value = 1.27b USD (1.15b + Debt 151.6m - CCE 29.7m)
Interest Coverage Ratio = 9.90 (Ebit TTM 85.8m / Interest Expense TTM 8.67m)
FCF Yield = 3.94% (FCF TTM 50.1m / Enterprise Value 1.27b)
FCF Margin = 9.84% (FCF TTM 50.1m / Revenue TTM 509.1m)
Net Margin = 11.60% (Net Income TTM 59.0m / Revenue TTM 509.1m)
Gross Margin = 45.31% ((Revenue TTM 509.1m - Cost of Revenue TTM 278.4m) / Revenue TTM)
Gross Margin QoQ = 46.37% (prev 44.12%)
Tobins Q-Ratio = 1.63 (Enterprise Value 1.27b / Total Assets 778.2m)
Interest Expense / Debt = 1.33% (Interest Expense 2.02m / Debt 151.6m)
Taxrate = 25.28% (5.06m / 20.0m)
NOPAT = 64.1m (EBIT 85.8m * (1 - 25.28%))
Current Ratio = 2.82 (Total Current Assets 288.9m / Total Current Liabilities 102.5m)
Debt / Equity = 0.29 (Debt 151.6m / totalStockholderEquity, last quarter 515.2m)
Debt / EBITDA = 1.12 (Net Debt 121.9m / EBITDA 108.5m)
Debt / FCF = 2.43 (Net Debt 121.9m / FCF TTM 50.1m)
Total Stockholder Equity = 502.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.59% (Net Income 59.0m / Total Assets 778.2m)
RoE = 11.76% (Net Income TTM 59.0m / Total Stockholder Equity 502.1m)
RoCE = 13.51% (EBIT 85.8m / Capital Employed (Equity 502.1m + L.T.Debt 132.8m))
RoIC = 9.95% (NOPAT 64.1m / Invested Capital 644.4m)
WACC = 8.89% (E(1.15b)/V(1.30b) * Re(9.93%) + D(151.6m)/V(1.30b) * Rd(1.33%) * (1-Tc(0.25)))
Discount Rate = 9.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.41%
[DCF Debug] Terminal Value 75.56% ; FCFE base≈58.8m ; Y1≈72.5m ; Y5≈123.7m
Fair Price DCF = 46.14 (DCF Value 1.52b / Shares Outstanding 32.8m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 7.90 | EPS CAGR: 2.06% | SUE: 3.98 | # QB: 1
Revenue Correlation: 17.47 | Revenue CAGR: 2.79% | SUE: 1.36 | # QB: 1

Additional Sources for THR Stock

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