OverviewSuggest Edit

Thermon Group is a provider of engineered thermal solutions for process industries. The company operates through four segments based on four geographic countries or regions: the United States and Latin America ("US-LAM"); Canada; Europe, Middle East and Africa ("EMEA"); and Asia-Pacific ("APAC"). Thermon Group specializes in heat tracing, delivering heat to pipes, tanks, instrumentation, and other equipment using steam, fluid, or electric tracing.

TypePublic
Founded1954
HQAustin, TX, US
Websitethermon.com
Employee Ratings2.7
Overall CultureA-

Latest Updates

Employees (est.) (Mar 2021)1,083(-18%)
Job Openings29
Revenue (FY, 2021)$276.2 M(-27%)
Share Price (Jul 2021)$16.3
Cybersecurity ratingCMore

Key People/Management at Thermon Group

Bruce Thames

Bruce Thames

President, Chief Executive Officer and Director
Thomas N. Cerovski

Thomas N. Cerovski

Senior Vice President, Global Sales
Johannes Van Der Salm

Johannes Van Der Salm

Senior Vice President, Global Operations
David Buntin

David Buntin

Senior Vice President, Thermon Heat Tracing
Mark Roberts

Mark Roberts

Senior Vice President, Global Engineering & Project Services
Candace Peterson

Candace Peterson

Vice President, Human Resources
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Thermon Group Office Locations

Thermon Group has an office in Austin
Austin, TX, US (HQ)
7171 Southwest Pkwy
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Thermon Group Financials and Metrics

Thermon Group Revenue

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Thermon Group's revenue was reported to be $276.18 m in FY, 2021 which is a 28% decrease from the previous period.
USD

Revenue (FY, 2021)

276.2m

Revenue growth (FY, 2020 - FY, 2021), %

(28%)

Gross profit (FY, 2021)

117.2m

Gross profit margin (FY, 2021), %

42.5%

Net income (FY, 2021)

1.2m

EBIT (FY, 2021)

7.8m

Market capitalization (15-Jul-2021)

542.4m

Closing stock price (15-Jul-2021)

16.3

Cash (31-Mar-2021)

40.1m

EV

508.5m
Thermon Group's current market capitalization is $542.4 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

412.6m383.5m276.2m

Revenue growth, %

34%(7%)(28%)

Cost of goods sold

236.7m221.8m158.9m

Gross profit

175.9m161.6m117.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2020

Revenue

88.9m90.2m119.4m91.7m102.9m100.5m56.8m66.4m796.0m

Cost of goods sold

49.2m49.8m68.5m54.6m57.5m57.0m32.7m37.5m42.6m

Gross profit

39.7m40.4m50.9m37.1m45.4m43.5m24.1m28.9m37.0m

Gross profit Margin, %

45%45%43%40%44%43%42%44%5%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

31.4m43.2m40.1m

Accounts Receivable

105.3m92.5m74.5m

Inventories

64.9m60.3m63.8m

Current Assets

239.8m217.9m206.8m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

23.2m11.9m1.2m

Depreciation and Amortization

30.0m28.3m20.7m

Inventories

(3.4m)1.4m(549.0k)

Accounts Payable

(21.0k)3.4m(5.7m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2020

Net Income

3.4m6.7m16.4m1.5m8.4m14.9m(6.1m)(4.2m)6.2m

Depreciation and Amortization

8.1m15.8m23.0m6.9m14.0m21.1m5.8m10.6m15.6m

Inventories

(7.0m)(11.9m)(8.3m)(4.1m)(958.0k)2.0m(7.9m)(9.4m)(10.6m)

Accounts Payable

1.7m252.0k3.0m394.0k1.1m503.0k(4.3m)(17.0k)(2.3m)
USDQ1, 2019

EV/EBIT

113.4 x

EV/CFO

-221.3 x

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x

P/E Ratio

254.1
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Thermon Group Operating Metrics

Thermon Group's Backlog was reported to be $114.2m in FY, 2021.
FY, 2018Q1, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Backlog

$159.62 m$150.18 m$135.94 m$119.96 m$111.48 m$102.32 m$102.53 m$105.45 m$109.86 m$118.66 m$110.06 m$114.2 m
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Thermon Group Acquisitions / Subsidiaries

Company NameDateDeal Size
CCI Thermal TechnologiesOctober 04, 2017
CCI Thermal Technologies Delaware Inc.
CCI Thermal Technologies Texas Inc.
Industrial Process Insulation, Inc.
OOO Thermon Eurasia
Thermon Australia Pty. Ltd.
Thermon Canada Inc.
Thermon Canada Services, Inc.
Thermon Deutschland GmbH
Thermon Europe B.V.
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Thermon Group Revenue Breakdown

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Thermon Group revenue breakdown by geographic segment: 34.6% from United States and Latin America, 32.9% from Canada, 19.6% from Europe, Middle East and Africa and 12.9% from Asia-Pacific

Human Capital Metrics

Source: www.sec.gov
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Thermon Group Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Thermon Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Thermon Group Online and Social Media Presence

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Thermon Group Company Culture

  • Overall Culture

    A-

    76/100

  • CEO Rating

    F

    47/100

  • Compensation

    B

    74/100

Learn more on Comparably

Thermon Group News and Updates

Thermon Group Holdings – Consensus Indicates Potential 29.9% Upside

Thermon Group Holdings found using ticker (THR) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 18 and 15 with a mean TP of 16.5.

Moving Average Crossover Alert: Thermon Group (THR)

THR is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Thermon Group promotes Kevin Fox to CFO

Thermon Group (THR +0.1%) announces promotion of Kevin Fox to the position of Senior Vice President and Chief Financial Officer, effective February.

Thermon Group Frequently Asked Questions

  • When was Thermon Group founded?

    Thermon Group was founded in 1954.

  • Who are Thermon Group key executives?

    Thermon Group's key executives are Bruce Thames, Thomas N. Cerovski and Johannes Van Der Salm.

  • How many employees does Thermon Group have?

    Thermon Group has 1,083 employees.

  • What is Thermon Group revenue?

    Latest Thermon Group annual revenue is $276.2 m.

  • What is Thermon Group revenue per employee?

    Latest Thermon Group revenue per employee is $255 k.

  • Who are Thermon Group competitors?

    Competitors of Thermon Group include Chromalox, Watlow and Nibe.

  • Where is Thermon Group headquarters?

    Thermon Group headquarters is located at 7171 Southwest Pkwy, Austin.

  • Where are Thermon Group offices?

    Thermon Group has an office in Austin.

  • How many offices does Thermon Group have?

    Thermon Group has 1 office.