Thermon Group Holdings, Inc.
thermon.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2026 10-K, filed May 21, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 13, 2026.
10-K for FY2026, filed May 21, 2026
The sections below describe the company as of the FY2026 annual report.
What Did They Do?
Sells heat-tracing and industrial heating equipment and controls, and provides engineering and installation services to industrial end users and project contractors.
10-K for FY2026, filed May 21, 2026We offer heat tracing solutions for maintaining pipe, vessel, and foundation temperatures in industrial and hazardous locations as well as…View ↗
Our solutions include smart, connected devices and software systems for the control and management of a customer’s heat trace system. We…View ↗
As a manufacturer and global expert in process heating solutions, our EPC and end-user customers often rely on Thermon to deliver a range…View ↗
How Did They Make Money?
Customers are generally billed for product sales on terms of up to 30 days, with sales tied to shipment. Service contracts are billed as products and services are provided; fixed-fee project billing can follow milestones or deliverables, while project revenue comes in as work progresses.
10-K for FY2026, filed May 21, 2026Revenue is recognized when control of the promised goods or services is transferred to our customers in an amount that reflects the…View ↗
Revenue from products transferred to customers at a point in time is recognized when obligations under the terms of the contract with the…View ↗
For our time and materials service contracts, we recognize revenues as the products and services are provided over the term of the contract.View ↗
Our engineered solutions, or fixed fee projects, offer our customers a comprehensive solution that can include engineering, design…View ↗
$536.3M
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10-K for FY2026, filed May 22, 2026
$536.3M ↗
Who Were Their Customers?
Thermon sells to major industrial end users and project contractors through its direct sales force for large projects; independent sales agents and distributors support local maintenance, repairs and upgrades.
10-K for FY2026, filed May 21, 2026Our direct sales force is focused on positioning us with major end-users and EPC companies during the development phase of large projects…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2026 and turned 6 cents into free cash flow.
10-K for FY2026, filed May 22, 2026
$70.7MView ↗
10-K for FY2026, filed May 22, 2026
$44.6MView ↗
10-K for FY2026, filed May 22, 2026
$32.9MView ↗
How Were They Changing?
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Jun 1, 2026
CECO completed its acquisition of Thermon
Former Thermon shareholders received cash and/or CECO shares; Thermon requested withdrawal of its NYSE listing.
Sources
8-K, filed Jun 1, 2026
On the Closing Date, the Company consummated the Mergers. The Mergers are intended to qualify for U.S. federal income tax purposes as a…View ↗
Grew. Revenue grew 51% in 4 years, from $355.7M in FY2022 to $536.3M in FY2026, about 11% a year.
Medium-voltage heating
Thermon's electrical-heating portfolio has expanded to include medium-voltage systems for large industrial and infrastructure applications; the older report describes heat-tracing cables, controls and other industrial heating products.
10-K for FY2023, filed May 25, 2023 10-K for FY2026, filed May 21, 2026Our products and services include a wide range of electric heat tracing cables, steam heating solutions, controls, monitoring and software…View ↗
We have expanded our electrical heating portfolio to include medium voltage heating solutions, which operate at significantly higher…View ↗
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