This stock no longer trades (delisted June 1, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Thermon Group Holdings

THR

Electrical Equipment & Parts · Industrials

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Strong

Stability

Exceptional

Valuation

Good

Winston Score History

The full picture

Thermon Group Holdings makes industrial heating systems used to keep pipes, tanks, and equipment from freezing or losing heat. Its core products are electric heat tracing cables and steam tracing systems, which are sold mainly to oil and gas companies, chemical plants, and power generation facilities. The company operates globally and is one of the larger specialized providers of process heating solutions for heavy industry.

Thermon earns revenue by selling heating systems, engineering services, and maintenance contracts to industrial customers. It operates across North America, Europe, Asia-Pacific, and other regions, with a meaningful portion of sales tied to energy infrastructure spending. Its competitive position comes from deep technical expertise and long-standing customer relationships in industries where reliability and safety are critical. The main risk is that its business is closely tied to capital spending cycles in oil and gas, meaning a prolonged downturn in energy investment could weigh heavily on demand.

Politician Trades

3 trades / 12mo

2 Congressional buys and 1 sell on THR in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-84.3% YoY

YoY Growth Rate

Earnings declining

Insider Activity

7.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$52M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Thermon Group Holdings is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

44.0%

Healthy — 44.0% gross margin

Profit after running costs

Operating Margin

7.3%

Modest — 7.3% operating margin

Return on the money invested

ROCE

10.4%

Below par — 10.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+7.6%

Steady sales growth (+7.6% YoY)

Profit growth

EPS YoY

-15.1%

Earnings shrinking (-15.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

105%

Turns 105% of profit into real cash

Spare cash per sale

FCF Margin

6.1%

Modest free cash flow (6.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.26

Conservative — low debt load (0.26)

Covers its interest

Interest Cover

8.85x

Comfortably covers interest (8.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

45.3x

no trend

Expensive — P/E 45.3

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+18.2

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (45.3 → 27.1)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial