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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 Quarterly (10-Q)
Showing 13 of 45 quarterly reports available
Breakdown Q3 2026
(Dec 31, 2025)
Q2 2026
(Sep 30, 2025)
Q1 2026
(Jun 30, 2025)
Q4 2025
(Mar 31, 2025)
Q3 2025
(Dec 31, 2024)
Q2 2025
(Sep 30, 2024)
Q1 2025
(Jun 30, 2024)
Q4 2024
(Mar 31, 2024)
Q3 2024
(Dec 31, 2023)
Q2 2024
(Sep 30, 2023)
Q1 2024
(Jun 30, 2023)
Q4 2023
(Mar 31, 2023)
Q3 2023
(Dec 31, 2022)
+ Total Revenue $147.31M $131.72M $108.90M $134.08M $134.35M $114.65M $115.13M $127.65M $136.43M $123.66M $106.89M $122.48M $122.11M
Revenue Growth % (YoY) 9.6% 14.9% -5.4% 5.0% -1.5% -7.3% 7.7% 4.2% 11.7% nan% nan% nan% nan%
Cost of Revenue $78.66M $70.65M $60.85M $74.65M $72.23M $63.74M $64.69M $75.27M $79.02M $69.20M $59.58M $70.96M $71.66M
+ Gross Profit $68.65M $61.08M $48.05M $59.43M $62.12M $50.91M $50.43M $52.39M $57.41M $54.46M $47.31M $51.52M $50.45M
Gross Margin % 46.6% 46.4% 44.1% 44.3% 46.2% 44.4% 43.8% 41.0% 42.1% 44.0% 44.3% 42.1% 41.3%
Selling General & Admin $38.30M $35.51M $32.17M $32.84M $34.12M $31.26M $31.09M $32.82M $31.85M $30.49M $28.65M $33.96M $30.89M
+ Operating Income $26.65M $21.58M $11.73M $23.13M $27.69M $15.20M $13.73M $16.82M $21.45M $21.68M $15.41M $13.88M $14.06M
Operating Margin % 18.1% 16.4% 10.8% 17.3% 20.6% 13.3% 11.9% 13.2% 15.7% 17.5% 14.4% 11.3% 11.5%
Interest Expense $2.16M $2.02M $1.96M $2.23M $2.54M $2.79M $2.85M $3.92M $1.75M $1.93M $1.58M $1.75M $1.88M
Other Income/Expense $132.00K $456.00K $1.24M $107.00K $-126.00K $563.00K $143.00K $421.00K $653.00K $-267.00K $341.00K $506.00K $659.00K
Income Before Tax $24.62M $20.01M $11.01M $21.09M $25.02M $12.98M $11.03M $13.66M $20.35M $19.49M $14.17M $12.63M $12.84M
Income Tax Expense $6.33M $5.06M $2.43M $4.12M $6.49M $3.48M $2.52M $3.58M $4.51M $4.76M $3.23M $4.93M $4.42M
+ Net Income $18.29M $14.95M $8.58M $16.97M $18.54M $9.49M $8.51M $10.08M $15.84M $14.73M $10.94M $7.70M $8.43M
Net Margin % 12.4% 11.4% 7.9% 12.7% 13.8% 8.3% 7.4% 7.9% 11.6% 11.9% 10.2% 6.3% 6.9%
Basic EPS 0.56 0.45 0.26 0.51 0.55 0.28 0.25 0.31 0.47 0.44 0.33 0.23 0.25
Diluted EPS 0.55 0.45 0.26 0.50 0.54 0.28 0.25 0.30 0.46 0.43 0.32 0.23 0.25
Basic Shares Outstanding 32.8M 33.0M 33.1M -45K 33.7M 33.8M 33.8M -275K 33.7M 33.7M 33.6M 12K 33.5M
Diluted Shares Outstanding 33.2M 33.2M 33.3M -31K 34.1M 34.1M 34.1M -258K 34.2M 34.1M 33.9M -10K 33.9M
Breakdown Q3 2026
(Dec 31, 2025)
Q2 2026
(Sep 30, 2025)
Q1 2026
(Jun 30, 2025)
Q4 2025
(Mar 31, 2025)
Q3 2025
(Dec 31, 2024)
Q2 2025
(Sep 30, 2024)
Q1 2025
(Jun 30, 2024)
Q4 2024
(Mar 31, 2024)
Q3 2024
(Dec 31, 2023)
Q2 2024
(Sep 30, 2023)
Q1 2024
(Jun 30, 2023)
Q4 2023
(Mar 31, 2023)
Q3 2023
(Dec 31, 2022)
Cash & Cash Equivalents $46.86M $29.75M $36.53M $39.54M $38.74M $37.00M $49.08M $48.63M $55.40M $30.53M $33.17M $35.63M $35.36M
Accounts Receivable $111.88M $102.12M $100.72M $109.83M $114.59M $93.50M $98.68M $107.32M $120.62M $101.56M $91.63M $97.63M $92.38M
Inventory $116.99M $110.98M $104.92M $88.98M $92.31M $93.60M $89.92M $86.32M $96.30M $92.55M $92.89M $82.13M $91.42M
Other Current Assets $19.79M $20.64M $14.09M $16.53M $18.03M $33.46M $11.38M $14.01M $16.36M $16.86M $240.00K $16.14M $15.98M
Total Current Assets $320.62M $288.85M $272.87M $274.29M $280.23M $275.02M $266.35M $274.60M $309.73M $269.88M $255.58M $250.94M $253.21M
Property Plant & Equipment - - - - - - - - $67.93M $64.79M $64.80M $63.29M $61.04M
Goodwill $271.39M $269.81M $271.79M $264.33M $263.55M $269.51M $269.42M $270.79M $268.54M $218.86M $221.91M $219.61M $221.19M
Intangible Assets $107.37M $110.45M $114.62M $115.28M $118.12M $120.73M $123.16M $127.09M $133.25M $88.02M $92.64M $93.97M $96.16M
Other Non-current Assets $20.52M $20.87M $19.04M $16.64M $16.29M $15.29M $13.83M $12.24M $10.09M $9.15M $8.68M $7.56M $7.34M
Total Assets $816.70M $778.18M $765.34M $755.45M $763.39M $761.53M $756.94M $767.74M $805.09M $663.72M $657.12M $649.63M $650.10M
Accounts Payable $38.89M $41.33M $33.31M $31.18M $29.70M $30.42M $30.58M $31.40M $26.61M $34.60M $28.32M $27.33M $30.00M
Accrued Liabilities $34.44M $32.13M $31.02M $35.79M $32.45M $27.44M $29.19M $31.62M $40.39M $30.59M $31.74M $39.36M $28.23M
Deferred Revenue $19.24M $16.86M $19.33M $19.60M $20.57M $13.40M $15.28M $20.53M $15.41M $7.26M $8.51M $8.48M $9.78M
Total Current Liabilities $110.60M $102.46M $112.50M $112.66M $109.68M $98.27M $102.23M $109.27M $139.74M $117.93M $110.05M $110.07M $109.81M
Long-term Debt $115.82M $118.09M $115.96M $120.37M $134.77M $143.17M $147.57M $151.96M - - - $87.71M -
Deferred Tax Liabilities $9.29M $9.58M $9.91M $9.76M $9.58M $8.73M $8.95M $9.44M $10.84M $10.44M $11.49M $12.08M $12.53M
Other Non-current Liabilities $9.61M $9.37M $8.87M $8.05M $10.13M $10.23M $9.76M $9.55M $9.77M $9.06M $9.26M $8.30M $9.03M
Total Liabilities $278.00M $262.95M $256.03M $260.14M $274.71M $271.25M $280.96M $292.85M $337.66M $221.42M $223.18M $230.64M $238.59M
Common Stock $33.00K $33.00K $33.00K $33.00K $34.00K $34.00K $34.00K $34.00K $34.00K $34.00K $33.00K $33.00K $33.00K
Retained Earnings $384.12M $365.83M $350.88M $342.30M $325.33M $306.79M $297.29M $288.78M $278.70M $262.86M $248.13M $237.19M $229.50M
Total Stockholders Equity $538.70M $515.23M $509.31M $495.31M $488.69M $490.29M $475.98M $474.89M $467.43M $442.31M $433.95M $418.99M $411.50M
Total Liabilities & Equity $816.70M $778.18M $765.34M $755.45M $763.39M $761.53M $756.94M $767.74M $805.09M $663.72M $657.12M $649.63M $650.10M
Breakdown Q3 2026
(Dec 31, 2025)
Q2 2026
(Sep 30, 2025)
Q1 2026
(Jun 30, 2025)
Q4 2025
(Mar 31, 2025)
Q3 2025
(Dec 31, 2024)
Q2 2025
(Sep 30, 2024)
Q1 2025
(Jun 30, 2024)
Q4 2024
(Mar 31, 2024)
Q3 2024
(Dec 31, 2023)
Q2 2024
(Sep 30, 2023)
Q1 2024
(Jun 30, 2023)
Q4 2023
(Mar 31, 2023)
Q3 2023
(Dec 31, 2022)
Net Income $18.29M $14.95M $8.58M $16.97M $18.54M $9.49M $8.51M $10.08M $15.84M $25.67M $10.94M $7.70M $8.43M
Depreciation & Amortization $5.70M $11.47M $5.66M $5.58M $16.76M $11.14M $5.56M $5.76M $13.07M $8.80M $4.44M $4.67M $14.56M
Stock-based Compensation $5.20M $3.37M $1.48M $1.20M $4.05M $2.58M $1.06M $1.62M $4.13M $2.69M $1.24M $1.52M $4.44M
Deferred Income Tax $-1.95M $-1.17M $-433.00K $1.20M $-2.28M $-1.51M $-721.00K $-262.00K $-1.82M $-1.56M $-753.00K $-376.00K $-4.19M
Change in Receivables $-1.58M $-10.67M $-12.44M $-5.48M $9.70M $-13.10M $-7.40M $-11.77M $12.30M $4.16M $-7.04M $4.06M $-1.15M
Change in Inventory $25.91M $20.49M $13.46M $-3.80M $4.49M $6.99M $3.95M $-9.11M $5.33M $11.57M $10.65M $-9.21M $18.05M
Change in Payables $6.06M $9.12M $1.02M $1.28M $-2.44M $-685.00K $-201.00K $4.50M $-1.79M $7.54M $1.00M $-3.05M $-4.07M
Operating Cash Flow $36.15M $18.17M $10.74M $32.06M $31.06M $21.22M $12.66M $37.37M $28.59M $4.26M $868.00K $26.11M $31.61M
Capital Expenditure $10.40M $5.49M $2.42M $3.07M $7.18M $5.79M $3.92M $3.13M $7.88M $2.81M $2.80M $4.28M $1.56M
Acquisitions - - - $582.00K $9.96M - - - $100.47M - - - $35.30M
Investing Cash Flow $-9.88M $-5.40M $-2.35M $-3.65M $-11.32M $-5.75M $-3.90M $-1.24M $-108.28M $-5.57M $-2.79M $-4.25M $-40.31M
Debt Repayment - - - - - - - - - - $7.76M $59.00K $27.12M
Stock Repurchased $15.77M $15.77M $9.77M $13.95M $6.19M $3.84M $1.58M $250.00K - - - - -
Financing Cash Flow $-15.72M $-19.48M $-12.64M $-28.60M $-27.82M $-13.66M $-8.00M $-41.01M $97.54M $-4.60M $-1.85M $-20.19M $6.73M
Net Change in Cash $11.18M $-5.94M $-2.70M $842.00K $-9.85M $2.27M $210.00K $-6.84M $18.75M $-5.59M $-2.49M $-2.68M $-2.73M
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-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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