Thermon Group Holdings, Inc. (THR) Stock Analysis
DELISTED 2026
What happened to Thermon Group Holdings, Inc. (THR) stock?
Thermon Group Holdings, Inc. (THR) no longer trades on public markets. It was delisted in June 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Thermon Group Holdings, Inc. (THR) trades at $61.14. Thermon Group Holdings, Inc. specializes in engineered industrial process heating solutions, catering to various process industries globally. Market cap: $2.01B, Sector: Industrials.
Last analyzed: May 10, 2026THR stock analysis for 2026: Analysts have set a consensus price target of $57.00 for Thermon Group Holdings, Inc., suggesting 6.8% downside from the current price of $61.14. Key factors: analyst coverage, company fundamentals.
THR: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Thermon Group Holdings, Inc. (THR) Industrial Operations Profile
Thermon Group Holdings, Inc. is a leading provider of engineered industrial process heating solutions, offering a comprehensive range of electric and gas heating products tailored for diverse industries such as oil and gas, pharmaceuticals, and food and beverage, positioning itself as a critical partner in process efficiency and safety.
What Is the Investment Thesis for THR?
Thermon Group Holdings, Inc. is positioned for growth driven by its diverse product offerings and strong demand across various industries. The company has a market capitalization of $2.01B and a P/E ratio of 36.6, indicating robust investor interest. Key growth catalysts include increasing industrial automation, rising demand for energy-efficient heating solutions, and expansion into emerging markets. With a profit margin of 11.3% and a gross margin of 45.4%, Thermon demonstrates strong operational efficiency. The ongoing transition towards sustainable energy solutions may also enhance the company's market position, as its products align with environmental regulations and energy efficiency trends.
Based on FMP financials and quantitative analysis
THR Key Highlights
Market Cap of $2.01B, reflecting strong market confidence.
- P/E ratio of 36.6, indicating investor expectations for future growth.
- Profit margin of 11.3%, showcasing effective cost management.
- Gross margin of 45.4%, exceeding industry averages.
- Beta of 0.72, suggesting lower volatility compared to the broader market.
Who Are THR's Competitors?
THR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| HWM Howmet Aerospace Inc. | $274.75 | -3.08% | $110B | 89 |
| GWW W.W. Grainger, Inc. | $1306.95 | -0.55% | $61.7B | 94 |
| EME EMCOR Group, Inc. | $787.39 | -2.28% | $34.7B | 91 |
| GRC The Gorman-Rupp Company | $78.52 | -0.29% | $2.07B | 81 |
| EPAC Enerpac Tool Group Corp. | $36.74 | +0.63% | $1.89B | 86 |
| MIURF Miura Co., Ltd. | $19.62 | +0.00% | $2.27B | 58 |
| HLIO Helios Technologies, Inc. | $76.18 | -4.09% | $2.52B | 71 |
| CYD China Yuchai International Limited | $38.71 | -10.89% | $1.45B | 56 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are THR's Key Strengths?
Strong brand recognition and established market presence.
- Diverse product offerings across multiple industries.
- High gross margin indicating effective cost management.
What Are THR's Weaknesses?
No dividend yield may deter income-focused investors.
- Dependence on industrial sectors that can be cyclical.
- Limited geographic diversification compared to larger competitors.
What Could Drive THR Stock Higher?
Expansion into the Asia-Pacific market to capitalize on growing industrial demand.
- Development of new energy-efficient heating products to meet regulatory standards.
- Strategic partnerships with key industry players to enhance distribution capabilities.
- Launch of new product lines targeting the pharmaceutical sector.
What Are the Key Risks for THR?
Fluctuations in raw material prices affecting production costs.
- Economic uncertainty impacting customer investments in industrial infrastructure.
- Regulatory changes that could impose additional operational costs.
- Competition from emerging players in the industrial heating market.
What Are the Growth Opportunities for THR?
- Expansion in Emerging Markets: Thermon Group Holdings, Inc. is poised to expand its presence in emerging markets, particularly in Asia-Pacific and Latin America. The industrial heating market in these regions is expected to grow at a CAGR of over 5% through 2030, driven by increasing industrialization and infrastructure development. Thermon's established reputation and product offerings position it well to capture market share in these high-growth areas.
- Technological Innovation: The company’s commitment to innovation, particularly in energy-efficient heating solutions, presents a significant growth opportunity. As industries seek to reduce energy consumption and comply with stringent environmental regulations, Thermon's advanced heating technologies can drive demand. The global market for energy-efficient heating solutions is projected to reach $50 billion by 2028, providing a substantial opportunity for Thermon.
- Increased Demand in Pharmaceuticals: The pharmaceutical industry’s growth, fueled by rising healthcare needs and drug development, presents a lucrative opportunity for Thermon. The company’s specialized heating solutions for pharmaceutical applications are critical for maintaining product integrity and compliance with regulatory standards. The pharmaceutical market is expected to grow at a CAGR of 7% over the next five years, enhancing Thermon’s revenue potential.
- Rail and Transit Sector Growth: With increasing investments in rail infrastructure and transit systems, Thermon can leverage its heating solutions for rail track and switch equipment. The rail and transit sector is projected to grow significantly, with a focus on safety and efficiency. Thermon’s expertise in this area positions it as a key player in providing essential heating solutions, contributing to its overall growth strategy.
- Sustainability Initiatives: As industries shift towards sustainable practices, Thermon’s products that support energy efficiency and reduced emissions will become increasingly relevant. The global push for sustainability is expected to drive demand for Thermon’s innovative heating solutions, aligning with market trends towards greener technologies and practices.
What Are THR's Competitive Advantages?
- Established reputation for quality and reliability in industrial heating solutions.
- Diverse product portfolio catering to various industries reduces dependency on a single market.
- Strong distribution network enhances market reach and customer accessibility.
- Expertise in engineering and design services adds value beyond product sales.
- Commitment to innovation keeps pace with industry trends and customer needs.
What Does THR Do?
Founded in 1954, Thermon Group Holdings, Inc. has evolved into a global leader in providing engineered industrial process heating solutions. Headquartered in Austin, Texas, the company serves a variety of industries, including chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, transportation, food and beverage, pharmaceutical, and mineral processing. Thermon’s extensive product portfolio includes electric heating products such as air heaters, boilers, and heat tracing systems, as well as gas heating solutions like explosion-proof gas catalytic heaters. Additionally, the company offers specialty products and services, including design engineering, energy audits, and project management, ensuring comprehensive support for its clients. With a workforce of 1,416 employees, Thermon has built a robust distribution network, allowing it to reach customers worldwide. The company's commitment to innovation and quality has solidified its reputation in the market, making it a trusted partner for businesses seeking reliable heating solutions.
What Products and Services Does THR Offer?
- Provide engineered industrial process heating solutions for various industries.
- Offer a wide range of electric heating products including air heaters and heat tracing systems.
- Manufacture gas heating products such as explosion-proof gas catalytic heaters.
- Deliver specialty products and services including design engineering and project management.
- Support clients in sectors like oil and gas, pharmaceuticals, and food and beverage.
- Ensure compliance with industry standards and regulations through innovative solutions.
How Does THR Make Money?
- Generate revenue through the sale of heating products and solutions.
- Offer design engineering and consulting services to optimize client operations.
- Provide ongoing maintenance and technical support for installed systems.
- Engage in project management for large-scale industrial heating installations.
- Leverage a network of sales and service professionals to reach diverse markets.
What Industry Does THR Operate In?
The industrial machinery sector is currently experiencing significant growth, driven by advancements in automation and energy efficiency. As industries increasingly prioritize sustainability, companies like Thermon Group Holdings, Inc. that offer innovative heating solutions are well-positioned to capitalize on these trends. The global industrial heating market is projected to grow, with increasing investments in infrastructure and energy-efficient technologies. Thermon's diverse product range allows it to compete effectively against peers, maintaining a strong market presence amidst evolving industry demands.
Who Are THR's Key Customers?
- Chemical and petrochemical companies requiring reliable heating solutions.
- Oil and gas operators needing specialized heating for safety and efficiency.
- Pharmaceutical manufacturers focused on compliance and product integrity.
- Food and beverage producers requiring precise temperature control.
- Transportation and rail companies needing effective heating for infrastructure.
Forward Outlook
Wall Street analysts project Thermon Group Holdings, Inc. revenue of about $525.8M for fiscal 2026, with EPS near $2.11. The estimate reflects 4 contributing analysts.
Financial Health
Thermon Group Holdings, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 6.03 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for Thermon Group Holdings, Inc. stands at 8.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.4%, showing how much profit it generates from its asset base. THR trades at a trailing price-to-earnings ratio of 36.58, above the Industrials sector average of ~32x. Its free cash flow yield is 1.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.69 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 2.2%, the inverse of the P/E and a quick read on earnings relative to price.
Thermon Group Holdings, Inc. (THR) Valuation Context
Valued at $2.01B, THR is classified as a mid-cap stock.
Company Profile
Thermon Group Holdings, Inc. operates in the Electrical Equipment & Parts industry within the Industrials sector. It is headquartered in Austin, US. The company is led by CEO Bruce Thames. THR has traded publicly since 2011.
THR Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Insider buying activity has increased, indicating confidence from management in the company's future prospects.
- Community sentiment has shifted positively, with discussions around recent product innovations gaining traction.
- Analysts note a strong demand for thermal solutions in energy sectors, positioning Thermon favorably for growth.
- Recent partnerships have expanded their market reach, enhancing brand visibility and potential revenue streams.
Bear Case
- Concerns over supply chain disruptions have emerged, potentially impacting production timelines and costs.
- Some community members express skepticism about the sustainability of recent revenue growth amid economic uncertainty.
- Competitors are ramping up innovation, creating pressure on Thermon to continuously evolve its offerings.
- Market volatility has led to cautious sentiment, with investors wary of potential downturns in the energy sector affecting demand.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
THR Latest News
No recent news available for THR.
Leadership: Bruce A. Thames
CEO
Bruce A. Thames has extensive experience in the industrial sector, having held various leadership roles prior to becoming CEO of Thermon Group Holdings, Inc. He has a strong background in engineering and business management, with a focus on driving growth and operational efficiency. Thames holds a degree in mechanical engineering and has been instrumental in the company's strategic initiatives.
Track Record: Under Bruce A. Thames's leadership, Thermon has expanded its product offerings and enhanced its market presence. He has successfully navigated the company through competitive challenges while maintaining a strong focus on innovation and customer service.
THR Industrials Stock FAQ
What happened to Thermon Group Holdings, Inc. (THR) stock?
Thermon Group Holdings, Inc. (THR) no longer trades on public markets. It was delisted in June 2026. The figures below are historical and are not a current quote.
Can I still buy THR shares?
No. THR stopped trading on public markets in June 2026, so the shares are not available through a broker. Anything you see quoted for THR elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before THR stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Thermon Group Holdings, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Thermon Group Holdings, Inc. do?
Thermon Group Holdings, Inc. specializes in engineered industrial process heating solutions, providing a wide range of products including electric and gas heating systems. The company serves various industries such as oil and gas, pharmaceuticals, and food and beverage, ensuring efficient and safe operations through its innovative heating technologies.
What do analysts say about THR stock?
Analysts generally view Thermon Group Holdings, Inc. as a stable player in the industrial machinery sector, noting its strong financial metrics such as a P/E ratio of 36.6 and a profit margin of 11.3%. They highlight the company's growth potential driven by increasing demand for energy-efficient solutions and expansion into emerging markets.
What are the main risks for THR?
Thermon Group Holdings, Inc. faces several risks including potential fluctuations in raw material prices, which could impact production costs. Additionally, ongoing economic uncertainty may affect customer spending on industrial infrastructure, while regulatory changes could impose additional operational costs. The competitive landscape also poses a risk as new entrants emerge in the industrial heating market.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the latest available financial and operational information.