Thermon Group Holdings, Inc. (THR) Research

Thermon Group Holdings, Inc. is a global provider of expertly engineered industrial process heating solutions. The company's extensive product portfolio spans several key areas. Its electric heating offerings include air heaters, heating accessories, boilers and calorifiers, advanced controlling and monitoring systems, heat tracing systems, tank heating solutions, thermostats, tubing bundles, system accessories, and a variety of strip, tubular, immersion, and process heaters. For gas heating, Thermon supplies enclosure and explosion-proof gas catalytic heaters, gas-fired blowers, and essential gas heating accessories such as regulators, valves, mounting brackets, and battery cables. The specialty products segment features diverse items like CEMS and analytical systems, commercial construction products and services, control panels, custom engineered products, compressed gas scrubbing systems, temporary power solutions, and devices for clearing snow from rail tracks and switches. Furthermore, Thermon delivers steam heating solutions, encompassing heat transfer compounds, steam-heated bundles, steam supply and condensate return lines, steam tracing solutions, steam trace accessories, and tank heating products. Beyond its product range, Thermon provides a comprehensive suite of services. These include detailed design engineering, which covers optimization studies, product selection assistance, and computer-generated drawing packages; energy audit services; thorough procurement and project management services; and turnkey construction installation. The company also offers recurring facility assessments or audits, ongoing maintenance services, and reliable technical support. Thermon's specialized solutions cater to a broad spectrum of industries worldwide, including chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, transportation, food and beverage, pharmaceutical, and mineral processing, as well as data centers, semiconductor facilities, and various other markets. The company distributes its offerings through a dedicated network of sales and service professionals and authorized distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

Market snapshot

Symbol
THR
Price
$61.14
Day change
-8.49%
Market cap
$2.0B
P/E ratio
45.07x
52-week range
23.86-71.87
Sector
Industrials
Industry
Industrial - Machinery
Next earnings
in 2 months
Analyst price target
$57.00

Peer companies

  • Astec Industries, Inc. (ASTE)
  • Barrett Business Services, Inc. (BBSI)
  • Ballard Power Systems Inc. (BLDP)
  • Global Industrial Company (GIC)
  • The Gorman-Rupp Company (GRC)
  • Global Ship Lease, Inc. (GSL)
  • Enviri Corporation (NVRI)
  • Preformed Line Products Company (PLPC)

Recent insider activity

  • Thames Bruce — A-Award (78307 shares) on 2026-06-01
  • Thames Bruce — D-Return (468595 shares) on 2026-06-01
  • Thames Bruce — D-Return (32472 shares) on 2026-06-01
  • Ryan Tarkington — A-Award (15113 shares) on 2026-06-01
  • Ryan Tarkington — D-Return (68531 shares) on 2026-06-01

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