Thermon Group Holdings, Inc. (THR) FY2025 10-K Annual Report

Filed: May 22, 2025
Information Technology
Electrical Industrial ApparatusSEC EDGAR

Thermon Group Holdings, Inc. (THR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on May 22, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Thermon Group Holdings, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: provider of innovative process heating and filtration solutions for industrial and hazardous areas
  • New acquisition: F.A.T.I. for $14.7 million, adding electric heaters production facility in Milan, expanding EMEA segment
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Management Discussion & Analysis

  • Operating cash flow $63.1M fiscal 2025 vs $65.9M fiscal 2024, decrease due to $8.4M higher working capital investments
  • Free Cash Flow $52.9M fiscal 2025 vs $55.0M fiscal 2024, decline driven by lower operating cash flows
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Risk Factors

  • Regulatory risk: Legal proceedings with potential significant charges, reserves established but could impact results in any period (Note 15 reference, no specific case named)
  • Macroeconomic threat: Macroeconomic uncertainty causing $48.9M decline in Over time large projects revenue fiscal 2025 versus prior year
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Thermon Group Holdings, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$498M

+0.7% YoY

Net Income

$54M

+3.7% YoY

Gross Margin

44.7%

+197bp YoY

Operating Margin

16.0%

+77bp YoY

Net Margin

10.7%

+31bp YoY

ROE

10.8%

-6bp YoY

Total Assets

$755M

-1.6% YoY

EPS (Diluted)

$1.57

+4.0% YoY

Operating Cash Flow

$63M

-4.3% YoY

Source: XBRL data from Thermon Group Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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