THR
IndustrialsThermon Group Holdings, Inc. · Industrial - Machinery · $2B
What is Thermon Group Holdings, Inc.?
Thermon Group Holdings provides engineered industrial process heating solutions to customers across the global energy, chemical, and infrastructure sectors. The company is headquartered in Austin, Texas.
Thermon designs and delivers heat tracing systems, electric and gas heating products, steam heating solutions, and specialty systems for process industries. Revenue comes from product sales, engineering services, project management, and recurring facility assessments — giving the business a mix of project-based and service-driven income streams.
Thermon Group Holdings was incorporated in 2011 and is headquartered in Austin, Texas.
- Electric heat tracing and heating accessories
- Gas catalytic and gas-fired heating products
- Steam heating and tank heating solutions
- Design engineering and turnkey installation services
Is THR a Good Stock to Buy?
UQS Score rates THR as Good overall, reflecting a balanced profile across its five quality pillars.
The Quality and Risk pillars both register as Good, suggesting the business generates reasonably stable results and carries a manageable risk profile relative to small-cap Industrials peers.
The Moat pillar is rated Weak, indicating limited durable competitive advantages — a meaningful consideration for long-term holders.
See the exact pillar breakdown and full financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does THR pay dividends?
No — Thermon Group Holdings, Inc. does not currently pay a dividend.
Thermon does not currently pay a dividend. For a capital-intensive industrial business, retaining cash to fund engineering capabilities, service infrastructure, and potential acquisitions is a common strategic choice at this stage of development.
When does THR report earnings?
Thermon Group Holdings reports earnings on a quarterly cadence, typical for US-listed equities.
The company's results reflect a mix of project-driven revenue and recurring service income, which can create some quarter-to-quarter variability. Growth has been Neutral in UQS terms, consistent with a mature industrial niche.
For the most recent quarter's results, visit Thermon Group Holdings' investor relations page directly.
THR Price History
+197.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Thermon Group Holdings, Inc.?
Based on Thermon Group Holdings, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Thermon Group Holdings do?
Thermon provides engineered process heating solutions — including electric heat tracing, gas heating systems, steam solutions, and specialty products — to industrial customers in energy, chemical, and infrastructure markets worldwide. It also offers design engineering, project management, and facility audit services.
Does THR pay dividends?
No, Thermon does not currently pay a dividend. The company retains capital to support its engineering operations and growth initiatives rather than distributing cash to shareholders.
When does THR report earnings?
Thermon reports on a quarterly basis, in line with standard US-listed company practice. For confirmed dates, check the investor relations section of Thermon's official website.
Is THR a good stock to buy?
UQS Score rates THR as Good overall. The Quality and Risk pillars are both Good, while the Moat pillar is Weak. Whether that profile fits your portfolio depends on your own investment criteria. The complete analysis is available to Pro members.
Is THR overvalued?
THR's Valuation pillar is rated Neutral, suggesting the market is pricing the stock in line with its fundamentals rather than at a significant premium or discount. View the full valuation metrics with a Pro account.
What is THR's market cap bracket?
Thermon Group Holdings is classified as a small-cap company, meaning it operates at a smaller scale than large industrial conglomerates but maintains a focused niche in process heating solutions.
Is THR a long-term quality stock?
As a long-term quality indicator, THR's Good UQS Score reflects reasonable fundamentals, though the Weak Moat rating suggests the company may face ongoing competitive pressure. Long-term holders should weigh that against the stable Quality and Risk profile.
What sector does THR belong to?
Thermon Group Holdings operates in the Industrials sector, specifically serving process industries with engineered heating and thermal management solutions across energy, chemical, and infrastructure end markets.
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Pro Analysis
THR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 48.8 | 50.1 | 38.0 | 38.4 | 89.3 | 37.8 | -5.0 |
| May 9, 2026 | 53.8 | 62.0 | 38.0 | 49.5 | 78.8 | 47.4 | -0.6 |
| May 7, 2026 | 54.4 | 63.4 | 38.0 | 49.5 | 78.8 | 48.9 | -0.7 |
| May 3, 2026 | 55.1 | 63.4 | 38.0 | 49.5 | 78.8 | 53.8 | -0.7 |
| Apr 26, 2026 | 55.8 | 63.4 | 38.0 | 49.5 | 78.8 | 57.9 | 0.0 |
| Apr 19, 2026 | 55.8 | 63.4 | 38.0 | 49.5 | 78.8 | 58.0 | +0.2 |
| Apr 18, 2026 | 55.6 | 63.4 | 38.0 | 49.5 | 78.8 | 57.1 | -0.6 |
| Apr 14, 2026 | 56.2 | 63.4 | 38.0 | 49.5 | 78.8 | 60.6 | -0.2 |
| Apr 12, 2026 | 56.4 | 63.4 | 38.0 | 49.5 | 78.8 | 62.0 | -0.2 |
| Apr 5, 2026 | 56.6 | 63.4 | 38.0 | 49.5 | 78.8 | 63.3 | 0.0 |
THR — Pillar Breakdown
Quality
— 50.1/100 (25%)Thermon Group Holdings, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 39.1/100 (20%)Thermon Group Holdings, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 89.3/100 (15%)Thermon Group Holdings, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 37.8/100 (15%)Thermon Group Holdings, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 38/100 (25%)Thermon Group Holdings, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for THR.
Score Composition
Financial Data
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How is the THR UQS Score Calculated?
The UQS (Unified Quality Score) for Thermon Group Holdings, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Thermon Group Holdings, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Thermon Group Holdings, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.