Thermon Group Holdings Inc
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction se… Read more
Thermon Group Holdings Inc (THR) - Net Assets
Latest net assets as of December 2025: $538.70 Million USD
Based on the latest financial reports, Thermon Group Holdings Inc (THR) has net assets worth $538.70 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($816.70 Million) and total liabilities ($278.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $538.70 Million |
| % of Total Assets | 65.96% |
| Annual Growth Rate | 17.37% |
| 5-Year Change | 30.73% |
| 10-Year Change | 63.48% |
| Growth Volatility | 32.96 |
Thermon Group Holdings Inc - Net Assets Trend (2009–2025)
This chart illustrates how Thermon Group Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thermon Group Holdings Inc (2009–2025)
The table below shows the annual net assets of Thermon Group Holdings Inc from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $495.31 Million | +4.30% |
| 2024-03-31 | $474.89 Million | +13.34% |
| 2023-03-31 | $418.99 Million | +4.96% |
| 2022-03-31 | $399.20 Million | +5.37% |
| 2021-03-31 | $378.87 Million | +9.36% |
| 2020-03-31 | $346.44 Million | -0.72% |
| 2019-03-31 | $348.95 Million | -20.24% |
| 2018-03-31 | $437.48 Million | +17.10% |
| 2017-03-31 | $373.60 Million | +23.31% |
| 2016-03-31 | $302.98 Million | +11.49% |
| 2015-03-31 | $271.77 Million | +8.50% |
| 2014-03-31 | $250.47 Million | +10.80% |
| 2013-03-31 | $226.05 Million | +17.44% |
| 2012-03-31 | $192.48 Million | +50.25% |
| 2011-03-31 | $128.11 Million | +132.61% |
| 2010-03-31 | $55.07 Million | +44.12% |
| 2009-03-31 | $38.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thermon Group Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 47908.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $342.30 Million | 69.11% |
| Common Stock | $33.00K | 0.01% |
| Other Comprehensive Income | $-72.83 Million | -14.70% |
| Other Components | $225.81 Million | 45.59% |
| Total Equity | $495.31 Million | 100.00% |
Thermon Group Holdings Inc Competitors by Market Cap
The table below lists competitors of Thermon Group Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GUARANTY TR.HLDG.GDR REGS
F:9JO
|
$1.58 Billion |
|
Mercari Inc
PINK:MRCIF
|
$1.58 Billion |
|
TGS ASA
OTCQX:TGSNF
|
$1.58 Billion |
|
CGN MINING (VBO.SG)
STU:VBO
|
$1.58 Billion |
|
PNB Housing Finance Limited
NSE:PNBHOUSING
|
$1.58 Billion |
|
Tsumura & Co
MU:TSUA
|
$1.58 Billion |
|
SARTORIUS (UNSP.ADS)/1/5
F:SRT0
|
$1.58 Billion |
|
Taisei Corporation
PINK:TISCY
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thermon Group Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 474,887,000 to 495,315,000, a change of 20,428,000 (4.3%).
- Net income of 53,515,000 contributed positively to equity growth.
- Share repurchases of 23,368,000 reduced equity.
- Other comprehensive income decreased equity by 15,594,000.
- Other factors increased equity by 5,875,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $53.52 Million | +10.8% |
| Share Repurchases | $23.37 Million | -4.72% |
| Other Comprehensive Income | $-15.59 Million | -3.15% |
| Other Changes | $5.88 Million | +1.19% |
| Total Change | $- | 4.30% |
Book Value vs Market Value Analysis
This analysis compares Thermon Group Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 38.03x to 3.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-03-31 | $1.30 | $49.47 | x |
| 2010-03-31 | $1.87 | $49.47 | x |
| 2011-03-31 | $4.63 | $49.47 | x |
| 2012-03-31 | $6.32 | $49.47 | x |
| 2013-03-31 | $7.11 | $49.47 | x |
| 2014-03-31 | $7.79 | $49.47 | x |
| 2015-03-31 | $8.39 | $49.47 | x |
| 2016-03-31 | $9.16 | $49.47 | x |
| 2017-03-31 | $9.58 | $49.47 | x |
| 2018-03-31 | $10.39 | $49.47 | x |
| 2019-03-31 | $10.56 | $49.47 | x |
| 2020-03-31 | $10.45 | $49.47 | x |
| 2021-03-31 | $11.36 | $49.47 | x |
| 2022-03-31 | $11.91 | $49.47 | x |
| 2023-03-31 | $12.42 | $49.47 | x |
| 2024-03-31 | $13.94 | $49.47 | x |
| 2025-03-31 | $14.54 | $49.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thermon Group Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.74%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.53x
- Recent ROE (10.80%) is below the historical average (14.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 69.09% | 13.02% | 1.05x | 5.07x | $22.58 Million |
| 2010 | 34.39% | 9.83% | 0.87x | 4.01x | $13.43 Million |
| 2011 | 36.59% | 15.94% | 0.65x | 3.52x | $34.06 Million |
| 2012 | 6.25% | 4.45% | 0.64x | 2.21x | $-7.22 Million |
| 2013 | 11.93% | 9.50% | 0.65x | 1.93x | $4.37 Million |
| 2014 | 10.30% | 9.30% | 0.63x | 1.77x | $752.40K |
| 2015 | 18.17% | 16.00% | 0.68x | 1.67x | $22.21 Million |
| 2016 | 7.70% | 8.16% | 0.71x | 1.33x | $-6.86 Million |
| 2017 | 4.69% | 5.54% | 0.58x | 1.45x | $-16.61 Million |
| 2018 | 3.49% | 3.86% | 0.47x | 1.94x | $-22.17 Million |
| 2019 | 6.52% | 5.51% | 0.63x | 1.88x | $-12.14 Million |
| 2020 | 3.45% | 3.11% | 0.62x | 1.79x | $-22.71 Million |
| 2021 | 0.23% | 0.32% | 0.45x | 1.63x | $-37.01 Million |
| 2022 | 5.03% | 5.65% | 0.56x | 1.59x | $-19.83 Million |
| 2023 | 8.04% | 7.64% | 0.68x | 1.55x | $-8.23 Million |
| 2024 | 10.86% | 10.43% | 0.64x | 1.62x | $4.10 Million |
| 2025 | 10.80% | 10.74% | 0.66x | 1.53x | $3.98 Million |
Industry Comparison
This section compares Thermon Group Holdings Inc's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thermon Group Holdings Inc (THR) | $538.70 Million | 69.09% | 0.52x | $1.58 Billion |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |