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Thermon Group Holdings Inc (THR)

Upturn stock ratingUpturn stock rating
$28.08
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: THR (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $36

1 Year Target Price $36

Analysts Price Target For last 52 week
$36Target price
Low$23.05
Current$28.08
high$34.36

Analysis of Past Performance

Type Stock
Historic Profit -49.58%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 933.47M USD
Price to earnings Ratio 17.89
1Y Target Price 36
Price to earnings Ratio 17.89
1Y Target Price 36
Volume (30-day avg) 4
Beta 1.04
52 Weeks Range 23.05 - 34.36
Updated Date 06/30/2025
52 Weeks Range 23.05 - 34.36
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.57

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 10.74%
Operating Margin (TTM) 19.02%

Management Effectiveness

Return on Assets (TTM) 6.72%
Return on Equity (TTM) 11.03%

Valuation

Trailing PE 17.89
Forward PE 15.58
Enterprise Value 1049938709
Price to Sales(TTM) 1.87
Enterprise Value 1049938709
Price to Sales(TTM) 1.87
Enterprise Value to Revenue 2.11
Enterprise Value to EBITDA 10.22
Shares Outstanding 33243100
Shares Floating 32258529
Shares Outstanding 33243100
Shares Floating 32258529
Percent Insiders 2.38
Percent Institutions 98.88

Analyst Ratings

Rating 2
Target Price 36
Buy 2
Strong Buy 1
Buy 2
Strong Buy 1
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Thermon Group Holdings Inc

stock logo

Company Overview

overview logo History and Background

Thermon Group Holdings Inc. was founded in 1954. It evolved from a small manufacturing company to a global leader in industrial process heating solutions. They expanded through acquisitions and organic growth, focusing on serving energy, chemical, and power generation industries.

business area logo Core Business Areas

  • Heat Tracing Systems: Provides electric and steam heat tracing systems used to maintain or raise the temperature of pipes, tanks, and other equipment in industrial applications to prevent freezing, maintain viscosity, or enable chemical reactions.
  • Process Heating Systems: Offers custom-engineered process heating systems, including heaters, controls, and power distribution equipment, for a variety of industrial processes.
  • Monitoring and Control Systems: Provides systems for monitoring and controlling heat tracing and process heating systems, enhancing efficiency and safety.
  • Services: Offers engineering, design, installation, and maintenance services for its heat tracing and process heating systems.

leadership logo Leadership and Structure

Thermon's leadership team consists of the CEO, CFO, and other key executives. The company operates under a structure that includes engineering, manufacturing, sales, and service departments.

Top Products and Market Share

overview logo Key Offerings

  • Electric Heat Tracing: Electric heat tracing systems are used to maintain or raise the temperature of pipes and vessels. Thermon is a leading provider in this segment. Competitors include Chromalox, Bartec, and Pentair Thermal Management. Thermon has a significant market share (estimated to be in the 20-30% range) depending on the region and application.
  • Steam Tracing: Steam tracing systems are used where steam is readily available and cost-effective for heating. Competitors are similar to electric heat tracing and others specializing in steam systems. Market share information is less readily available but Thermon also has a significant steam-based market share.
  • Heater Systems: Provides a range of heater systems, including immersion, circulation, and duct heaters. Chromalox, Watlow, and Indeeco are competitors in this segment. Due to this product having a variety of competitors, Thermon's market share is lower.

Market Dynamics

industry overview logo Industry Overview

The industrial process heating market is driven by factors like infrastructure development, energy efficiency regulations, and the need for temperature maintenance in various industries. It is a mature market with moderate growth.

Positioning

Thermon is positioned as a global leader in industrial process heating, known for its engineering expertise, product quality, and comprehensive service offerings. It has a competitive advantage through its brand reputation, global presence, and broad product portfolio.

Total Addressable Market (TAM)

The global industrial heating market is estimated to be valued at billions of dollars. Thermon is positioned to capture a significant portion of this market through its broad product offerings, global presence, and engineering capabilities.

Upturn SWOT Analysis

Strengths

  • Strong brand reputation
  • Global presence
  • Broad product portfolio
  • Engineering expertise
  • Comprehensive service offerings

Weaknesses

  • Exposure to cyclical industries (oil & gas)
  • Geographic concentration (North America)
  • Dependence on large projects

Opportunities

  • Expansion into emerging markets
  • Development of new technologies
  • Acquisitions of complementary businesses
  • Growth in renewable energy sector

Threats

  • Economic downturns
  • Fluctuations in raw material prices
  • Increased competition
  • Changes in regulations

Competitors and Market Share

competitor logo Key Competitors

  • PH (Pentair)
  • PRGS (Progress Rail, a Caterpillar company)
  • BAR.F (Bartec)

Competitive Landscape

Thermon holds a strong position with a well-established brand and comprehensive solutions. Pentair is a diversified industrial manufacturer, and Bartec specializes in explosion-proof technologies.

Growth Trajectory and Initiatives

Historical Growth: Thermon's historical growth has been driven by acquisitions, organic expansion, and product development.

Future Projections: Analyst estimates suggest moderate growth for Thermon in the coming years, driven by infrastructure spending and expansion into new markets. Detailed figures are not readily available and change quarterly.

Recent Initiatives: Recent initiatives may include new product launches, acquisitions, and investments in technology.

Summary

Thermon Group Holdings Inc. is a leading provider of industrial process heating solutions with a global presence. It has a strong brand reputation and comprehensive product offerings. While the company faces exposure to cyclical industries and economic downturns, its expansion into emerging markets and development of new technologies offer growth opportunities. The company has been strategically investing in its products and markets and is well-positioned to capture the growing demand for industrial heating solutions.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (10-K, 10-Q)
  • Investor Presentations
  • Industry Reports
  • Analyst Estimates
  • Company Website

Disclaimers:

This analysis is based on publicly available information and analyst estimates. Actual results may vary. This is not financial advice. Market share data is estimated.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Thermon Group Holdings Inc

Exchange NYSE
Headquaters Austin, TX, United States
IPO Launch date 2011-05-05
President, CEO & Director Mr. Bruce A. Thames
Sector Industrials
Industry Specialty Industrial Machinery
Full time employees 1568
Full time employees 1568

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services; tubing bundle solutions comprising bundle design services, heated, and insulated sample lines; temporary power systems; heated blankets; and electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other complementary products and services. It also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions that offer electric or gas-powered space heating for hazardous and non-hazardous areas under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and electric resistance, electrode, and fired coil tube boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, the company offers project services, such as engineering and design, procurement and project management, turnkey construction installation, recurring facility assessment or audit, and maintenance services. Further, the company operates an electron cross-linking facility. It serves the general industrial, chemical and petrochemical, oil, gas, power generation, commercial, food and beverage, rail and transit, and other markets. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.