Thermon Group Holdings, Inc. - Understand $thr stock

$THR Market Cap: $1.075 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$493.9M

TTM

Gross Margin

42.84%

TTM

Net Earnings

$43.93M

TTM

Current Assets

$275.0M

Q3 2024

Current Liabilities

$98.27M

Q3 2024

Current Ratio

279.86%

Q3 2024

Total Assets

$761.5M

Q3 2024

Total Liabilities

$271.2M

Q3 2024

Book Value

$490.3M

Q3 2024

Cash

$37.00M

Q3 2024

P/E

24.47

Nov 29, 2024 EST

Free Cash Flow

$70.82M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$494.6M	$440.6M	$355.7M	$276.2M	$383.5M	$412.6M	$308.6M	$264.1M	$281.9M	$308.6M	$277.3M	$284.0M	$272.3M	$0.00	$192.7M	$202.8M
YoY Change	12.27%	23.87%	28.78%	-27.98%	-7.07%	33.71%	16.84%	-6.31%	-8.64%	11.27%	-2.36%	4.3%		-100.0%	-4.98%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$494.6M	$440.6M	$355.7M	$276.2M	$383.5M	$412.6M	$308.6M	$264.1M	$281.9M	$308.6M	$277.3M	$284.0M	$272.3M	$0.00	$192.7M	$202.8M
Cost Of Revenue	$283.1M	$255.5M	$215.6M	$159.3M	$221.8M	$236.7M	$164.8M	$152.2M	$150.6M	$153.9M	$142.2M	$151.2M	$140.2M		$101.4M	$105.5M
Gross Profit	$211.6M	$185.1M	$140.1M	$116.9M	$161.6M	$175.9M	$143.8M	$111.9M	$131.3M	$154.7M	$135.2M	$132.8M	$132.1M		$91.30M	$97.30M
Gross Profit Margin	42.77%	42.02%	39.4%	42.32%	42.15%	42.64%	46.6%	42.38%	46.58%	50.13%	48.74%	46.77%	48.51%		47.38%	47.98%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$123.8M	$117.0M	$93.05M	$89.83M	$111.6M	$106.7M	$94.62M	$77.72M	$80.73M	$76.87M	$65.46M	$64.63M	$76.28M		$47.30M	$49.80M
YoY Change	5.83%	25.74%	3.58%	-19.5%	4.62%	12.73%	21.75%	-3.73%	5.02%	17.42%	1.28%	-15.27%			-5.02%
% of Gross Profit	58.53%	63.2%	66.41%	76.87%	69.04%	60.62%	65.79%	69.43%	61.48%	49.69%	48.43%	48.66%	57.74%		51.81%	51.18%
Research & Development	$9.799M	$10.57M	$6.436M	$7.466M	$8.378M	$6.289M	$5.240M	$3.501M	$3.338M	$2.907M	$3.008M	$2.832M	$881.0K
YoY Change	-7.28%	64.2%	-13.8%	-10.89%	33.22%	20.02%	49.67%	4.88%	14.83%	-3.36%	6.21%	221.45%
% of Gross Profit	4.63%	5.71%	4.59%	6.39%	5.18%	3.57%	3.64%	3.13%	2.54%	1.88%	2.23%	2.13%	0.67%
Depreciation & Amortization	$8.679M	$9.784M	$11.42M	$11.28M	$10.50M	$9.194M	$7.962M	$6.060M	$4.655M	$3.369M	$3.088M	$2.619M	$2.593M	$27.93M	$4.420M	$8.500M
YoY Change	-11.29%	-14.29%	1.22%	7.38%	14.23%	15.47%	31.39%	30.18%	38.17%	9.1%	17.91%	1.0%	-90.72%	531.9%	-48.0%
% of Gross Profit	4.1%	5.29%	8.15%	9.65%	6.5%	5.23%	5.54%	5.41%	3.54%	2.18%	2.28%	1.97%	1.96%		4.84%	8.74%
Operating Expenses	$133.6M	$127.6M	$99.49M	$97.30M	$120.0M	$112.9M	$99.86M	$81.22M	$84.07M	$79.78M	$68.47M	$67.47M	$77.16M	$0.00	$49.80M	$56.40M
YoY Change	4.74%	28.22%	2.25%	-18.89%	6.21%	13.11%	22.95%	-3.39%	5.38%	16.51%	1.49%	-12.57%		-100.0%	-11.7%
Operating Profit	$75.37M	$55.19M	$38.41M	$7.406M	$32.66M	$48.51M	$32.74M	$22.44M	$36.76M	$67.06M	$58.62M	$56.99M	$44.46M		$41.50M	$40.90M
YoY Change	36.57%	43.71%	418.57%	-77.33%	-32.67%	48.17%	45.87%	-38.95%	-45.18%	14.41%	2.86%	28.19%			1.47%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2010	2009
Interest Expense	-$8.845M	$5.871M	$5.815M	$10.19M	$14.03M	$15.71M	$8.984M	$3.518M	$4.142M	$4.565M	$10.02M	$15.23M	$19.58M	-$7.400M	-$9.500M
YoY Change	-250.66%	0.96%	-42.91%	-27.39%	-10.74%	74.91%	155.37%	-15.07%	-9.27%	-54.44%	-34.19%	-22.26%		-22.11%
% of Operating Profit	-11.74%	10.64%	15.14%	137.52%	42.94%	32.39%	27.44%	15.67%	11.27%	6.81%	17.09%	26.72%	44.05%	-17.83%	-23.23%
Other Income/Expense, Net	$1.148M	-$86.00K	-$4.165M	$2.135M	-$1.558M	$109.0K	-$5.595M	-$410.0K	-$700.0K	-$400.0K	-$600.0K	-$300.0K	-$24.96M	-$1.300M	-$3.100M
YoY Change	-1434.88%	-97.94%	-295.08%	-237.03%	-1529.36%	-101.95%	1264.63%	-41.43%	75.0%	-33.33%	100.0%	-98.8%		-58.06%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$67.67M	$49.23M	$28.43M	-$644.0K	$17.08M	$33.14M	-$13.57M	-$83.00K	$13.04M	$22.49M	-$6.315M	$4.951M	-$14.48M	-$600.0K	$32.90M	$28.20M
YoY Change	37.46%	73.2%	-4513.82%	-103.77%	-48.47%	-344.27%	16246.99%	-100.64%	-42.01%	-456.18%	-227.55%	-134.19%	2313.33%	-101.82%	16.67%
Income Tax	$16.09M	$15.57M	$8.333M	-$1.521M	$5.142M	$9.973M	$5.170M	$4.098M	$8.716M	$13.18M	$6.964M	$14.58M	$7.468M		$14.00M	$1.800M
% Of Pretax Income	23.77%	31.62%	29.32%		30.11%	30.09%			66.83%	58.58%		294.41%			42.55%	6.38%
Net Earnings	$51.59M	$33.67M	$20.09M	$877.0K	$11.94M	$23.17M	$13.22M	$14.98M	$23.65M	$49.39M	$25.80M	$26.97M	$12.03M	-$600.0K	$18.90M	$26.40M
YoY Change	53.23%	67.56%	2190.99%	-92.65%	-48.48%	75.27%	-11.78%	-36.64%	-52.11%	91.43%	-4.36%	124.22%	-2105.0%	-103.17%	-28.41%
Net Earnings / Revenue	10.43%	7.64%	5.65%	0.32%	3.11%	5.61%	4.28%	5.67%	8.39%	16.0%	9.3%	9.5%	4.42%		9.81%	13.02%
Basic Earnings Per Share	$1.53	$1.01	$0.60	$0.03	$0.36	$0.70	$0.37	$0.45	$0.72	$1.54	$0.82	$0.88	$0.41
Diluted Earnings Per Share	$1.51	$1.00	$0.60	$0.03	$0.36	$0.69	$0.36	$0.45	$0.71	$1.52	$0.80	$0.85	$0.40	-$24.10K	$759.0K	$1.060M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$48.63M	$35.64M	$41.45M	$40.10M	$43.20M	$31.40M	$34.90M	$87.60M	$84.60M	$93.80M	$72.60M	$43.80M	$21.50M	$51.30M	$30.10M	$13.40M
YoY Change	36.47%	-14.02%	3.35%	-7.18%	37.58%	-10.03%	-60.16%	3.55%	-9.81%	29.2%	65.75%	103.72%	-58.09%	70.43%	124.63%
Cash & Equivalents	$48.63M	$35.64M	$41.45M	$40.10M	$43.20M	$31.40M	$33.90M	$42.80M	$84.60M	$93.80M	$72.60M	$43.80M	$21.50M	$51.30M	$30.10M	$13.40M
Short-Term Investments							$1.000M	$44.80M	$0.00
Other Short-Term Assets	$14.01M	$32.41M	$31.41M	$20.20M	$19.40M	$33.80M	$25.20M	$12.80M	$15.80M	$15.50M	$10.00M	$11.90M	$12.60M	$12.40M	$7.400M	$7.900M
YoY Change	-56.77%	3.18%	55.5%	4.12%	-42.6%	34.13%	96.88%	-18.99%	1.94%	55.0%	-15.97%	-5.56%	1.61%	67.57%	-6.33%
Inventory	$86.32M	$82.13M	$71.65M	$63.80M	$60.30M	$64.90M	$63.80M	$34.00M	$40.60M	$41.00M	$37.30M	$34.40M	$38.50M	$31.10M	$22.80M	$25.10M
Prepaid Expenses
Receivables	$124.0M	$97.63M	$95.31M	$74.50M	$92.50M	$105.3M	$94.40M	$63.70M	$57.40M	$60.40M	$52.60M	$56.10M	$50.00M	$40.00M	$41.90M	$37.90M
Other Receivables	$1.630M	$3.138M	$4.626M	$8.200M	$2.500M	$4.400M	$1.900M	$0.00	$200.0K	$0.00	$3.300M	$5.300M	$5.200M	$2.500M	$1.400M	$900.0K
Total Short-Term Assets	$274.6M	$250.9M	$244.4M	$206.8M	$217.9M	$239.8M	$220.2M	$198.2M	$198.7M	$210.7M	$175.8M	$151.6M	$127.7M	$137.3M	$103.6M	$85.30M
YoY Change	9.43%	2.66%	18.2%	-5.09%	-9.13%	8.9%	11.1%	-0.25%	-5.7%	19.85%	15.96%	18.72%	-6.99%	32.53%	21.45%
Property, Plant & Equipment	$81.95M	$76.86M	$76.57M	$85.20M	$89.20M	$75.00M	$74.50M	$43.30M	$41.60M	$34.80M	$31.50M	$31.20M	$27.70M	$21.70M	$22.80M	$22.30M
YoY Change	6.62%	0.37%	-10.13%	-4.48%	18.93%	0.67%	72.06%	4.09%	19.54%	10.48%	0.96%	12.64%	27.65%	-4.82%	2.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$13.31M	$8.247M	$7.996M	$9.000M	$11.30M	$9.400M	$5.800M	$3.900M	$2.900M	$1.700M	$1.800M	$4.500M	$7.400M	$12.20M	$2.600M	$3.000M
YoY Change	61.44%	3.14%	-11.16%	-20.35%	20.21%	62.07%	48.72%	34.48%	70.59%	-5.56%	-60.0%	-39.19%	-39.34%	369.23%	-13.33%
Total Long-Term Assets	$493.1M	$398.7M	$392.2M	$411.1M	$403.0M	$416.0M	$442.3M	$255.9M	$270.0M	$242.6M	$266.4M	$283.9M	$297.9M	$313.7M	$117.5M	$108.4M
YoY Change	23.69%	1.65%	-4.59%	2.01%	-3.13%	-5.95%	72.84%	-5.22%	11.29%	-8.93%	-6.16%	-4.7%	-5.04%	166.98%	8.39%
Total Assets	$767.7M	$649.6M	$636.7M	$617.9M	$620.9M	$655.8M	$662.5M	$454.1M	$468.7M	$453.3M	$442.2M	$435.5M	$425.6M	$451.0M	$221.1M	$193.7M
YoY Change
Accounts Payable	$31.40M	$27.33M	$33.57M	$19.70M	$25.10M	$22.70M	$23.00M	$15.70M	$19.50M	$17.10M	$17.10M	$20.40M	$15.70M	$18.60M	$9.400M	$10.50M
YoY Change	14.88%	-18.58%	70.39%	-21.51%	10.57%	-1.3%	46.5%	-19.49%	14.04%	0.0%	-16.18%	29.94%	-15.59%	97.87%	-10.48%
Accrued Expenses	$34.76M	$42.53M	$30.04M	$26.60M	$26.80M	$27.30M	$22.30M	$13.00M	$18.00M	$16.80M	$8.600M	$16.50M	$20.90M	$22.10M	$13.50M	$13.70M
YoY Change	-18.28%	41.6%	12.92%	-0.75%	-1.83%	22.42%	71.54%	-27.78%	7.14%	95.35%	-47.88%	-21.05%	-5.43%	63.7%	-1.46%
Deferred Revenue
YoY Change
Short-Term Debt	$5.000M	$14.50M	$0.00	$0.00	$0.00	$11.20M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.100M	$0.00	$0.00
YoY Change	-65.52%				-100.0%								-100.0%
Long-Term Debt Due	$14.76M	$10.33M	$8.081M	$2.600M	$2.700M	$2.500M	$2.500M	$20.30M	$13.50M	$13.50M	$13.50M	$0.00	$21.00M	$21.00M	$0.00
YoY Change	42.93%	27.81%	210.81%	-3.7%	8.0%	0.0%	-87.68%	50.37%	0.0%	0.0%		-100.0%	0.0%
Total Short-Term Liabilities	$109.3M	$110.1M	$81.00M	$52.40M	$60.60M	$73.30M	$62.40M	$52.30M	$57.60M	$53.10M	$43.70M	$45.70M	$66.50M	$83.90M	$26.20M	$29.50M
YoY Change	-0.73%	35.89%	54.58%	-13.53%	-17.33%	17.47%	19.31%	-9.2%	8.47%	21.51%	-4.38%	-31.28%	-20.74%	220.23%	-11.19%
Long-Term Debt	$152.3M	$87.76M	$120.6M	$143.4M	$169.6M	$197.7M	$214.5M	$60.20M	$80.10M	$94.50M	$108.0M	$118.1M	$118.1M	$189.0M	$109.2M	$99.00M
YoY Change	73.51%	-27.24%	-15.89%	-15.45%	-14.21%	-7.83%	256.31%	-24.84%	-15.24%	-12.5%	-8.55%	0.0%	-37.51%	73.08%	10.3%
Other Long-Term Liabilities	$21.87M	$20.72M	$17.91M	$21.80M	$22.00M	$7.700M	$10.40M	$3.400M	$3.200M	$3.100M	$2.400M	$3.100M	$2.400M	$1.800M	$600.0K	$600.0K
YoY Change	5.52%	15.71%	-17.84%	-0.91%	185.71%	-25.96%	205.88%	6.25%	3.23%	29.17%	-22.58%	29.17%	33.33%	200.0%	0.0%
Total Long-Term Liabilities	$174.1M	$108.5M	$138.5M	$165.2M	$191.6M	$205.4M	$224.9M	$63.60M	$83.30M	$97.60M	$110.4M	$121.2M	$120.5M	$190.8M	$109.8M	$99.60M
YoY Change	60.52%	-21.69%	-16.15%	-13.78%	-6.72%	-8.67%	253.62%	-23.65%	-14.65%	-11.59%	-8.91%	0.58%	-36.84%	73.77%	10.24%
Total Liabilities	$292.9M	$230.6M	$237.5M	$238.7M	$274.5M	$311.0M	$327.6M	$146.2M	$174.3M	$181.5M	$191.7M	$209.5M	$233.1M	$324.5M	$166.0M	$155.5M
YoY Change	26.97%	-2.87%	-0.52%	-13.04%	-11.74%	-5.07%	124.08%	-16.12%	-3.97%	-5.32%	-8.5%	-10.12%	-28.17%	95.48%	6.75%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	33.67M shares	33.47M shares	33.31M shares	33.13M shares	32.76M shares	32.57M shares	32.42M shares	32.30M shares	32.18M shares	32.03M shares	31.60M shares	30.80M shares	29.08M shares
Diluted Shares Outstanding	34.07M shares	33.75M shares	33.51M shares	33.34M shares	33.15M shares	33.05M shares	32.80M shares	32.63M shares	32.59M shares	32.41M shares	32.15M shares	31.80M shares	30.45M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.0749 Billion

About Thermon Group Holdings, Inc.

Thermon Group Holdings, Inc. engages in the development, manufacture, and trade of engineered thermal solutions for process industries. The company is headquartered in Austin, Texas and currently employs 1,416 full-time employees. The company went IPO on 2011-05-05. The firm specializes in providing complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. Its advanced industrial heating and filtration solutions include various categories, such as environmental heating (branded as Ruffneck, Norsemen, and Catadyne), process heating (branded as Caloritech), filtration (branded as 3L Filters), rail and transit (branded as Hellfire, Velocity, ArcticSense and others), and boilers (branded as Vapor Power, Precision Boilers, and Caloritech). The company offers a full suite of products, which include heating units, electrode and gas-fired boilers, heating cables, industrial heating blankets and related products, temporary power solutions and tubing bundles; services, which include engineering, installation and maintenance services, and software, which includes design optimization and wireless and network control systems.

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