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Thermon Group Holdings Inc (THR)

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Upturn Advisory Summary
12/04/2025: THR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $37
1 Year Target Price $37
| 1 | Strong Buy |
| 2 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -30.67% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.29B USD | Price to earnings Ratio 22.35 | 1Y Target Price 37 |
Price to earnings Ratio 22.35 | 1Y Target Price 37 | ||
Volume (30-day avg) 4 | Beta 0.81 | 52 Weeks Range 23.05 - 39.34 | Updated Date 12/5/2025 |
52 Weeks Range 23.05 - 39.34 | Updated Date 12/5/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-06 | When Before Market | Estimate 0.36 | Actual 0.55 |
Profitability
Profit Margin 11.6% | Operating Margin (TTM) 16.38% |
Management Effectiveness
Return on Assets (TTM) 6.79% | Return on Equity (TTM) 11.74% |
Valuation
Trailing PE 22.35 | Forward PE 16.98 | Enterprise Value 1304113700 | Price to Sales(TTM) 2.54 |
Enterprise Value 1304113700 | Price to Sales(TTM) 2.54 | ||
Enterprise Value to Revenue 2.56 | Enterprise Value to EBITDA 12.02 | Shares Outstanding 32840075 | Shares Floating 31990174 |
Shares Outstanding 32840075 | Shares Floating 31990174 | ||
Percent Insiders 2.43 | Percent Institutions 104.27 |
Upturn AI SWOT
Thermon Group Holdings Inc

Company Overview
History and Background
Thermon Group Holdings, Inc. was founded in 1954. It has evolved from a small manufacturing firm into a global leader in industrial process heating solutions.
Core Business Areas
- Process Heating Systems: Provides electric and steam tracing solutions for freeze protection and process temperature maintenance across various industries.
- Heater Products: Offers a wide range of heating products, including immersion heaters, circulation heaters, and control panels.
- Engineered Solutions: Delivers custom-engineered heating solutions tailored to specific client needs and applications.
Leadership and Structure
The leadership team includes the CEO, CFO, and other key executives overseeing various departments. The organizational structure is designed to support global operations and customer service.
Top Products and Market Share
Key Offerings
- Electric Heat Tracing: Electric heat tracing systems are used to maintain or raise the temperature of pipes and vessels. Competitors include Pentair (PNR) and Chromalox.
- Steam Tracing Solutions: Steam tracing solutions provide freeze protection and process temperature maintenance utilizing steam. Competitors include Armstrong International and Spirax Sarco Engineering (SPX.L).
- Heat Exchangers: Specialized heat exchangers for industrial process heating. Competitors include Alfa Laval (ALFA.ST) and Kelvion.
Market Dynamics
Industry Overview
The industrial process heating market is driven by the need for efficient and reliable temperature maintenance in industries such as oil & gas, chemicals, and power generation.
Positioning
Thermon is a leading provider in the industrial process heating market, known for its comprehensive solutions and engineering expertise.
Total Addressable Market (TAM)
The global industrial heating market is projected to reach billions of USD. Thermon targets specific segments within this TAM and aims to capture a significant share through its specialized solutions.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Global presence and distribution network
- Comprehensive product portfolio
- Engineering expertise and custom solutions
- High barriers to entry in specialized segments
Weaknesses
- Dependence on cyclical industries
- Limited pricing flexibility in some segments
- Exposure to raw material price fluctuations
- Potential delays in project execution
Opportunities
- Expanding into emerging markets
- Developing innovative heating solutions for new applications
- Acquiring complementary businesses
- Increasing focus on energy efficiency and sustainability
Threats
- Economic downturns affecting industrial spending
- Intense competition from established players
- Technological disruptions in heating technologies
- Regulatory changes impacting environmental compliance
Competitors and Market Share
Key Competitors
- Pentair (PNR)
- Watlow Electric Manufacturing Company
- Chromalox
Competitive Landscape
Thermon competes on product breadth, engineering expertise, and global reach. They differentiate themselves through tailored solutions and project management capabilities. Competitors may focus on specific product lines or geographic regions.
Growth Trajectory and Initiatives
Historical Growth: Discuss Thermon Group Holdings Inc's growth trends over the past years in yearly reports.
Future Projections: Provide projections for Thermon Group Holdings Inc's future growth based on analyst estimates from financial websites.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Thermon Group Holdings Inc in their reports.
Summary
Thermon is a leading player in the industrial process heating market, leveraging its strong brand and global presence. Its comprehensive product portfolio and engineering expertise provide competitive advantages. However, it faces challenges related to cyclical industries and competition, while opportunities arise from emerging markets and innovative solutions.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Thermon Group Holdings Inc. Investor Relations
- Market research reports
- Financial news sources
- Company press releases
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may vary. Financial performance is based on publicly available data and analyst estimates, which are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.thermon.com |
Full time employees 1568 | Website https://www.thermon.com | ||
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, it operates an electron cross-linking facility. The company 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.

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