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THERMON GROUP HOLDINGS, INC.

CIK: 1489096 SIC: 3620
$522.01M
Revenue
$58.80M
Net Income
45.44%
Gross Margin
15.92%
Op. Margin
$75.73M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 12 annual reports available (2011 - 2024)
Breakdown TTM
(Dec 31, 2025)
FY 2024
(Mar 31, 2025)
FY 2023
(Mar 31, 2024)
FY 2022
(Mar 31, 2023)
FY 2021
(Mar 31, 2022)
FY 2019
(Mar 31, 2020)
+ Total Revenue $522.01M $498.21M $494.63M $440.59M $355.67M $383.49M
Revenue Growth % 4.8% 0.7% 12.3% 23.9% -7.3% nan%
Cost of Revenue $284.81M $275.31M $283.06M $255.47M $215.56M $221.85M
+ Gross Profit $237.20M $222.90M $211.56M $185.12M $140.12M $161.64M
Gross Margin % 45.4% 44.7% 42.8% 42.0% 39.4% 42.1%
Selling General & Admin $138.82M $129.31M $123.82M $117.00M $93.05M $111.20M
+ Operating Income $83.09M $79.76M $75.37M $55.19M $38.41M $32.66M
Operating Margin % 15.9% 16.0% 15.2% 12.5% 10.8% 8.5%
Interest Expense $8.38M $10.40M $9.18M $5.87M $5.82M $14.28M
Interest Income - - - - - $252.00K
Other Income/Expense $1.94M $687.00K $1.15M $-86.00K $-4.17M $-1.56M
Income Before Tax $76.73M $70.12M $67.67M $49.23M $28.43M $17.08M
Income Tax Expense $17.93M $16.60M $16.09M $15.57M $8.33M $5.14M
+ Net Income $58.80M $53.52M $51.59M $33.67M $20.09M $11.94M
Net Margin % 11.3% 10.7% 10.4% 7.6% 5.6% 3.1%
Basic EPS 1.78 1.59 1.53 1.01 0.60 0.36
Diluted EPS 1.76 1.57 1.51 1.00 0.60 0.36
Basic Shares Outstanding 32.8M 33.7M 33.7M 33.5M 33.3M 32.8M
Diluted Shares Outstanding 33.2M 34.1M 34.1M 33.7M 33.5M 33.1M
Breakdown FY 2024
(Mar 31, 2025)
FY 2023
(Mar 31, 2024)
FY 2022
(Mar 31, 2023)
FY 2021
(Mar 31, 2022)
FY 2019
(Mar 31, 2020)
Cash & Cash Equivalents $39.54M $48.63M $35.63M $41.45M $43.24M
Accounts Receivable $109.83M $107.32M $97.63M $95.31M $92.48M
Inventory $88.98M $86.32M $82.13M $71.65M $60.27M
Other Current Assets $16.53M $14.01M $16.14M $11.79M $9.22M
Total Current Assets $274.29M $274.60M $250.94M $244.44M $217.94M
Property Plant & Equipment - - $63.29M $66.04M $72.54M
Goodwill $264.33M $270.79M $219.61M $212.75M $197.98M
Intangible Assets $115.28M $127.09M $93.97M $94.91M $104.55M
Other Non-current Assets $16.64M $12.24M $7.56M $6.79M $8.36M
Total Assets $755.45M $767.74M $649.63M $636.67M $620.90M
Accounts Payable $31.18M $31.40M $27.33M $33.57M $25.07M
Accrued Liabilities $35.79M $31.62M $39.36M $26.97M $23.76M
Deferred Revenue $19.60M $20.53M $8.48M - -
Total Current Liabilities $112.66M $109.27M $110.07M $81.00M $60.63M
Long-term Debt $120.37M $151.96M $87.71M - -
Deferred Tax Liabilities $9.76M $9.44M $12.08M - -
Other Non-current Liabilities $8.05M $9.55M $8.30M $8.43M $6.96M
Total Liabilities $260.14M $292.85M $230.64M $237.47M $274.47M
Common Stock $33.00K $34.00K $33.00K $33.00K $33.00K
Retained Earnings $342.30M $288.78M $237.19M $203.53M $182.56M
Total Stockholders Equity $495.31M $474.89M $418.99M $399.20M $346.44M
Total Liabilities & Equity $755.45M $767.74M $649.63M $636.67M $620.90M
Breakdown TTM
(Dec 31, 2025)
FY 2024
(Mar 31, 2025)
FY 2023
(Mar 31, 2024)
FY 2022
(Mar 31, 2023)
FY 2021
(Mar 31, 2022)
FY 2019
(Mar 31, 2020)
Net Income $58.80M $53.52M $51.59M $33.67M $20.09M $11.94M
Depreciation & Amortization $28.41M $22.34M $18.84M $19.23M $20.20M $28.27M
Stock-based Compensation $11.25M $5.24M $5.75M $5.95M $3.80M $4.96M
Deferred Income Tax $-2.35M $-1.08M $-2.08M $-4.56M $-1.65M $-3.74M
Change in Receivables $-30.17M $4.22M $540.00K $2.91M $21.74M $-9.45M
Change in Inventory $56.07M $698.00K $-3.78M $8.84M $8.60M $-1.41M
Change in Payables $17.49M $-1.16M $2.71M $-7.12M $13.75M $3.41M
Operating Cash Flow $97.12M $63.12M $65.95M $57.71M $28.75M $70.73M
Capital Expenditure $21.38M $10.25M $11.02M $9.45M $5.22M $10.86M
Acquisitions - $10.54M $100.47M $35.30M - -
Investing Cash Flow $-21.28M $-14.97M $-109.52M $-44.55M $-4.53M $-10.01M
Debt Repayment - $28.62M $30.87M $27.18M $178.91M $51.88M
Stock Repurchased $55.26M $20.14M $250.00K - - -
Financing Cash Flow $-76.44M $-56.42M $56.53M $-13.46M $-22.66M $-46.54M
Net Change in Cash $3.38M $-9.01M $11.91M $-5.41M $1.48M $12.16M
SEC Filing Format - Data shown as it appears in the Q3 2026 (10-Q) filing Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
Description Dec 31, 2025 Dec 31, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $147.31M - $387.93M -
Cost of Revenue $78.66M - $210.16M -
Gross Profit $68.65M - $177.77M -
Selling General & Admin $38.30M - $105.99M -
Operating Income $26.65M - $59.96M -
Interest Expense $2.16M - $6.14M -
Other Income/Expense $132.00K - $1.83M -
Income Before Tax $24.62M - $55.65M -
Income Tax Expense $6.33M - $13.82M -
Net Income $18.29M $9.49M $41.83M -
Basic EPS 0.56 - 1.28 -
Diluted EPS 0.55 - 1.27 -
Condensed Consolidated Balance Sheets
Description Dec 31, 2025 Mar 31, 2025
Cash & Cash Equivalents $46.86M $39.54M
Accounts Receivable $111.88M $109.83M
Inventory $116.99M $88.98M
Other Current Assets $19.79M $16.53M
Total Current Assets $320.62M $274.29M
Goodwill $271.39M $264.33M
Intangible Assets $107.37M $115.28M
Other Non-current Assets $20.52M $16.64M
Total Assets $816.70M $755.45M
Accounts Payable $38.89M $31.18M
Accrued Liabilities $34.44M $35.79M
Deferred Revenue $19.24M $19.60M
Total Current Liabilities $110.60M $112.66M
Long-term Debt $115.82M $120.37M
Deferred Tax Liabilities $9.29M $9.76M
Other Non-current Liabilities $9.61M $8.05M
Total Liabilities $278.00M $260.14M
Common Stock $33.00K $33.00K
Retained Earnings $384.12M $342.30M
Total Stockholders Equity $538.70M $495.31M
Total Liabilities & Equity $816.70M $755.45M
Condensed Consolidated Statements of Cash Flows
Description Dec 31, 2025 Dec 31, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $18.29M $9.49M $41.83M -
Depreciation & Amortization $5.70M - $17.17M -
Stock-based Compensation - - $5.20M -
Deferred Income Tax - - $-1.95M -
Change in Receivables - - $-1.58M -
Change in Inventory - - $25.91M -
Change in Payables - - $6.06M -
Operating Cash Flow - - $36.15M -
Capital Expenditure - - $10.40M -
Investing Cash Flow - - $-9.88M -
Stock Repurchased - - $15.77M -
Financing Cash Flow - - $-15.72M -
Net Change in Cash - - $11.18M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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