Thermon Group Holdings, Inc.
Rank #230Capital ReturnTHR
Thermon Group Holdings, Inc. (THR) — Rank #230 by gross profitability (GP/assets 0.29) · ROE 8.3% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001489096 · all metrics point-in-time as of the filing date.
About
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- March 31
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.29
Primary signal (Novy-Marx).
55th pctl of 43 SIC 36 peers
Return on equity
8.3%
Gross margin
45.3%
52nd pctl of 43 SIC 36 peers
Revenue growth (YoY)
7.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
6.8%
Revenue CAGR (5Y)
14.2%
Earnings CAGR (3Y)
9.8%
FCF CAGR (3Y)
-12.0%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.54
57th pctl of 41 SIC 36 peers (best = lowest)
Current ratio
2.69×
50th pctl of 43 SIC 36 peers
Quick ratio
1.40×
Net cash
-$61.28M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$32.86M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.26
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.5%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).
Lifecycle Phase History
Lynch sell alert: Cyclical peak margin
Operating margin was 1.7σ above its trailing average before the downshift from operating_leverage to value as of 2025-03-31 -- Lynch's cyclical rule: sell near peak margins, before the cycle turns.