Thermon Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Thermon Group Holdings
THR Stock  USD 28.15  0.31  1.09%   
Thermon Group financial statements provide useful quarterly and yearly information to potential Thermon Group Holdings investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Thermon Group financial statements helps investors assess Thermon Group's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Thermon Group's valuation are summarized below:
Gross Profit
211.1 M
Profit Margin
0.0889
Market Capitalization
958.7 M
Enterprise Value Revenue
2.2006
Revenue
493.9 M
There are over one hundred nineteen available fundamental trend indicators for Thermon Group Holdings, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to double-check Thermon Group's current fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 01/30/2025, Market Cap is likely to drop to about 602 M. In addition to that, Enterprise Value is likely to drop to about 700.6 M

Thermon Group Total Revenue

347.04 Million

Check Thermon Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thermon Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 15.8 M, Interest Expense of 7.3 M or Total Revenue of 347 M, as well as many indicators such as Price To Sales Ratio of 2.45, Dividend Yield of 0.0118 or PTB Ratio of 4.08. Thermon financial statements analysis is a perfect complement when working with Thermon Group Valuation or Volatility modules.
  
Check out the analysis of Thermon Group Correlation against competitors.

Thermon Group Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets555.8 M882.9 M553.2 M
Slightly volatile
Short and Long Term Debt Total161.1 M215.6 M149.9 M
Slightly volatile
Other Current Liabilities24.7 M36.4 M23.1 M
Slightly volatile
Total Current Liabilities69.3 M125.7 M68.3 M
Slightly volatile
Total Stockholder Equity308.1 M546.1 M322.1 M
Slightly volatile
Other Liabilities21.2 M30.3 M23.3 M
Slightly volatile
Property Plant And Equipment Net57.5 M94.2 M59 M
Slightly volatile
Net Debt109.6 M159.7 M101.5 M
Slightly volatile
Accounts Payable22.5 M36.1 M22.3 M
Slightly volatile
Cash50.1 M55.9 M47.1 M
Very volatile
Non Current Assets Total350.4 M567.1 M349 M
Slightly volatile
Non Currrent Assets Other14.8 M14.1 M5.6 M
Slightly volatile
Long Term Debt141.6 M174.8 M129.9 M
Slightly volatile
Cash And Short Term Investments50.1 M55.9 M47.1 M
Very volatile
Net Receivables90.6 M144.5 M91.7 M
Slightly volatile
Good Will166.9 M311.4 M171.4 M
Slightly volatile
Common Stock Shares Outstanding29.2 M30.7 M33.7 M
Slightly volatile
Liabilities And Stockholders Equity555.8 M882.9 M553.2 M
Slightly volatile
Non Current Liabilities Total183.4 M211.1 M167.7 M
Slightly volatile
Inventory54.8 M99.3 M56.1 M
Slightly volatile
Other Current Assets9.4 M16.1 M8.9 M
Slightly volatile
Other Stockholder Equity185.5 M279.8 M185.3 M
Slightly volatile
Total Liabilities230.4 M336.8 M214.3 M
Slightly volatile
Property Plant And Equipment Gross187.6 M178.7 M85.2 M
Slightly volatile
Total Current Assets209.4 M315.8 M208.1 M
Slightly volatile
Intangible Assets118.9 M146.2 M111.6 M
Pretty Stable
Property Plant Equipment53.1 M72.8 M54.3 M
Slightly volatile
Current Deferred Revenue24.8 M23.6 M9.6 M
Slightly volatile
Short Term Debt12.7 M20.6 M16 M
Pretty Stable
Common Stock35 K39.1 K32.4 K
Slightly volatile
Common Stock Total Equity35.4 K38 K32.6 K
Slightly volatile
Long Term Debt Total138.6 M100.9 M122.3 M
Very volatile
Capital Surpluse241.3 M275.8 M223.8 M
Slightly volatile
Deferred Long Term Liabilities21.1 M10.9 M25.5 M
Slightly volatile
Non Current Liabilities Other10.4 M11 M8.8 M
Slightly volatile
Short and Long Term Debt17.6 M17.7 M40.1 M
Slightly volatile
Deferred Long Term Asset Charges3.2 M4.4 M2.9 M
Slightly volatile
Cash And Equivalents42.2 M41 M40.3 M
Slightly volatile
Net Invested Capital606 M743.4 M566.8 M
Slightly volatile
Net Working Capital126.4 M148.8 M155.3 M
Slightly volatile
Capital Stock36.5 K39.1 K33.7 K
Slightly volatile
Capital Lease Obligations12.8 M14.3 M17.5 M
Slightly volatile

Thermon Group Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization15.8 M21.7 M15.5 M
Slightly volatile
Interest Expense7.3 M8 M9.2 M
Pretty Stable
Total Revenue347 M568.8 M342.3 M
Slightly volatile
Gross Profit151.5 M231.6 M150.2 M
Slightly volatile
Other Operating Expenses297.4 M482.1 M294 M
Slightly volatile
EBIT36.9 M68.9 M47.5 M
Very volatile
Research Development11.8 M11.3 M6 M
Slightly volatile
EBITDA65.5 M109.7 M65 M
Pretty Stable
Cost Of Revenue195.6 M337.2 M192.1 M
Slightly volatile
Total Operating Expenses102.5 M156.6 M103.3 M
Slightly volatile
Net Income Applicable To Common Shares17.1 M30.3 M22.6 M
Very volatile
Net Income48.8 M46.4 M26.6 M
Slightly volatile
Net Income From Continuing Ops62.3 M59.3 M27.7 M
Slightly volatile
Selling And Marketing Expenses98.2 M142.4 M89.9 M
Slightly volatile
Interest Income7.1 M6.8 M3.5 M
Slightly volatile
Reconciled Depreciation17.2 M17 M22.2 M
Slightly volatile

Thermon Group Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation4 M6.6 M4 M
Slightly volatile
Begin Period Cash Flow47.1 M44.3 M46.8 M
Very volatile
Depreciation18.6 M21.7 M18.9 M
Slightly volatile
Capital Expenditures8.1 M12.7 M8.5 M
Slightly volatile
Total Cash From Operating Activities40.6 M75.8 M41.1 M
Slightly volatile
Net Income62.3 M59.3 M28.5 M
Slightly volatile
End Period Cash Flow49.6 M58 M48.1 M
Very volatile
Issuance Of Capital Stock776.6 K1.2 M661.8 K
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.452.572.233
Slightly volatile
Dividend Yield0.01180.01340.0146
Slightly volatile
PTB Ratio4.082.683.1911
Slightly volatile
Days Sales Outstanding74.2283.4494.4064
Slightly volatile
Book Value Per Share7.1812.699.9743
Slightly volatile
Operating Cash Flow Per Share1.851.761.2518
Slightly volatile
Stock Based Compensation To Revenue0.00870.01050.0112
Very volatile
Capex To Depreciation0.340.530.4412
Very volatile
PB Ratio4.082.683.1911
Slightly volatile
EV To Sales2.812.92.5358
Pretty Stable
Inventory Turnover4.183.913.6216
Slightly volatile
Net Income Per Share1.451.380.8002
Slightly volatile
Days Of Inventory On Hand80.7996.71103
Pretty Stable
Payables Turnover9.7910.748.8246
Pretty Stable
Research And Ddevelopement To Revenue0.01320.02160.0164
Slightly volatile
Capex To Revenue0.01840.020.0245
Pretty Stable
Cash Per Share1.151.31.487
Pretty Stable
POCF Ratio28.4819.325.9392
Slightly volatile
Payout Ratio0.350.210.2125
Pretty Stable
Capex To Operating Cash Flow0.330.190.3214
Pretty Stable
Days Payables Outstanding33.5435.1742.0163
Pretty Stable
Income Quality1.091.153.1716
Pretty Stable
ROE0.170.120.1217
Slightly volatile
EV To Operating Cash Flow33.3221.7230.1836
Slightly volatile
PE Ratio18.3519.3174.7366
Pretty Stable
Return On Tangible Assets0.120.160.1059
Slightly volatile
Earnings Yield0.03960.05360.0347
Very volatile
Intangibles To Total Assets0.560.60.5178
Pretty Stable
Net Debt To EBITDA1.51.311.6879
Pretty Stable
Current Ratio2.562.263.1481
Slightly volatile
Receivables Turnover4.64.534.0132
Slightly volatile
Graham Number20.8419.8412.5616
Slightly volatile
Shareholders Equity Per Share6.7912.699.4669
Slightly volatile
Debt To Equity0.840.450.6171
Slightly volatile
Capex Per Share0.180.290.2502
Slightly volatile
Revenue Per Share7.4613.229.9758
Slightly volatile
Interest Debt Per Share3.595.254.6169
Slightly volatile
Debt To Assets0.340.280.2841
Slightly volatile
Enterprise Value Over EBITDA11.3611.7613.6055
Very volatile
Short Term Coverage Ratios3.073.023.7147
Pretty Stable
Price Earnings Ratio18.3519.3174.7366
Pretty Stable
Operating Cycle155180198
Slightly volatile
Price Book Value Ratio4.082.683.1911
Slightly volatile
Days Of Payables Outstanding33.5435.1742.0163
Pretty Stable
Dividend Payout Ratio0.350.210.2125
Pretty Stable
Price To Operating Cash Flows Ratio28.4819.325.9392
Slightly volatile
Effective Tax Rate0.20.210.5695
Pretty Stable
Company Equity Multiplier2.411.861.9814
Slightly volatile
Long Term Debt To Capitalization0.390.280.3153
Slightly volatile
Total Debt To Capitalization0.420.330.3434
Slightly volatile
Debt Equity Ratio0.840.450.6171
Slightly volatile
Quick Ratio2.631.982.4034
Pretty Stable
Dividend Paid And Capex Coverage Ratio5.636.895.6004
Pretty Stable
Cash Ratio0.890.510.7864
Slightly volatile
Cash Conversion Cycle121145156
Slightly volatile
Operating Cash Flow Sales Ratio0.0960.120.1168
Very volatile
Days Of Inventory Outstanding80.7996.71103
Pretty Stable
Days Of Sales Outstanding74.2283.4494.4064
Slightly volatile
Cash Flow Coverage Ratios0.220.320.29
Very volatile
Price To Book Ratio4.082.683.1911
Slightly volatile
Fixed Asset Turnover7.856.946.6823
Slightly volatile
Capital Expenditure Coverage Ratio7.446.895.7135
Very volatile
Price Cash Flow Ratio28.4819.325.9392
Slightly volatile
Enterprise Value Multiple11.3611.7613.6055
Very volatile
Debt Ratio0.340.280.2841
Slightly volatile
Cash Flow To Debt Ratio0.220.320.29
Very volatile
Price Sales Ratio2.452.572.233
Slightly volatile
Return On Assets0.06170.07730.0529
Pretty Stable
Asset Turnover0.730.740.6528
Pretty Stable
Net Profit Margin0.08820.120.0771
Pretty Stable
Gross Profit Margin0.480.470.4515
Slightly volatile
Price Fair Value4.082.683.1911
Slightly volatile
Return On Equity0.170.120.1217
Slightly volatile

Thermon Group Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap602 M996.4 M749.3 M
Slightly volatile
Enterprise Value700.6 M1.1 B874.3 M
Slightly volatile

Thermon Fundamental Market Drivers

Forward Price Earnings13.3511
Cash And Short Term Investments48.6 M

Thermon Upcoming Events

1st of February 2024
Upcoming Quarterly Report
View
23rd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
23rd of May 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of March 2023
Last Financial Announcement
View

About Thermon Group Financial Statements

Thermon Group shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Thermon Group investors may analyze each financial statement separately, they are all interrelated. The changes in Thermon Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Thermon Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue23.6 M24.8 M
Total Revenue568.8 M347 M
Cost Of Revenue337.2 M195.6 M
Stock Based Compensation To Revenue 0.01  0.01 
Research And Ddevelopement To Revenue 0.02  0.01 
Capex To Revenue 0.02  0.02 
Revenue Per Share 13.22  7.46 
Ebit Per Revenue 0.18  0.14 

Pair Trading with Thermon Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermon Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermon Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermon Stock

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Moving against Thermon Stock

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The ability to find closely correlated positions to Thermon Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermon Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thermon Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thermon Group Holdings to buy it.
The correlation of Thermon Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermon Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermon Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thermon Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Thermon Stock Analysis

When running Thermon Group's price analysis, check to measure Thermon Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thermon Group is operating at the current time. Most of Thermon Group's value examination focuses on studying past and present price action to predict the probability of Thermon Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermon Group's price. Additionally, you may evaluate how the addition of Thermon Group to your portfolios can decrease your overall portfolio volatility.
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