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Thermon Group (THR) Revenue & Revenue Breakdown

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Thermon Group Revenue Highlights

Latest Revenue (Y)

$494.63M

Latest Revenue (Q)

$131.72M

Main Segment (Y)

United States Segment

Main Geography (Y)

Canada Segment

Thermon Group Revenue by Period

Thermon Group Revenue by Year

DateRevenueChange
2024-03-31$494.63M12.27%
2023-03-31$440.59M23.87%
2022-03-31$355.67M28.78%
2021-03-31$276.18M-27.98%
2020-03-31$383.49M-7.07%
2019-03-31$412.64M33.71%
2018-03-31$308.61M16.84%
2017-03-31$264.13M-6.31%
2016-03-31$281.93M-8.64%
2015-03-31$308.58M11.27%
2014-03-31$277.32M-2.36%
2013-03-31$284.04M5.00%
2012-03-31$270.51M-8.02%
2011-03-31$294.11M52.62%
2010-03-31$192.71M-4.95%
2009-03-31$202.75M-

Thermon Group generated $494.63M in revenue during NA 2024, up 12.27% compared to the previous quarter, and up 119.87% compared to the same period a year ago.

Thermon Group Revenue by Quarter

DateRevenueChange
2025-09-30$131.72M20.96%
2025-06-30$108.90M-18.78%
2025-03-31$134.08M-0.20%
2024-12-31$134.35M17.19%
2024-09-30$114.65M-0.42%
2024-06-30$115.13M-9.81%
2024-03-31$127.65M-6.43%
2023-12-31$136.43M10.33%
2023-09-30$123.66M15.69%
2023-06-30$106.89M-12.73%
2023-03-31$122.48M0.30%
2022-12-31$122.11M21.43%
2022-09-30$100.56M5.36%
2022-06-30$95.44M-6.96%
2022-03-31$102.58M1.96%
2021-12-31$100.61M23.72%
2021-09-30$81.32M14.29%
2021-06-30$71.16M-2.96%
2021-03-31$73.32M-7.89%
2020-12-31$79.60M19.87%
2020-09-30$66.41M16.81%
2020-06-30$56.85M-35.67%
2020-03-31$88.37M-12.04%
2019-12-31$100.47M-2.40%
2019-09-30$102.94M12.24%
2019-06-30$91.71M-19.71%
2019-03-31$114.23M-4.29%
2018-12-31$119.36M32.39%
2018-09-30$90.15M1.41%
2018-06-30$88.90M-13.34%
2018-03-31$102.58M10.71%
2017-12-31$92.66M50.35%
2017-09-30$61.63M19.13%
2017-06-30$51.74M-23.45%
2017-03-31$67.58M5.04%
2016-12-31$64.34M-6.50%
2016-09-30$68.81M8.54%
2016-06-30$63.40M-12.37%
2016-03-31$72.34M-2.80%
2015-12-31$74.43M6.42%
2015-09-30$69.93M7.22%
2015-06-30$65.22M-12.16%
2015-03-31$74.26M-15.25%
2014-12-31$87.62M10.87%
2014-09-30$79.03M16.80%
2014-06-30$67.67M0.28%
2014-03-31$67.47M-5.58%
2013-12-31$71.47M-1.81%
2013-09-30$72.78M10.95%
2013-06-30$65.60M-9.00%
2013-03-31$72.08M-6.08%
2012-12-31$76.75M13.94%
2012-09-30$67.36M0.22%
2012-06-30$67.21M-2.64%
2012-03-31$69.04M0.29%
2011-12-31$68.84M1.20%
2011-09-30$68.02M5.27%
2011-06-30$64.62M-0.50%
2010-12-31$64.94M2.35%
2010-09-30$63.45M27.39%
2010-03-31$49.81M-

Thermon Group generated $131.72M in revenue during Q2 2026, up 20.96% compared to the previous quarter, and up 114.42% compared to the same period a year ago.

Thermon Group Revenue Breakdown

Thermon Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceMar 25Mar 24Mar 23Mar 22Mar 21
United States Segment$269.50M$256.29M$251.81M$154.19M$95.44M

Thermon Group's latest annual revenue breakdown by segment (product or service), as of Mar 25: United States Segment (100.00%).

Quarterly Revenue by Product

Product/ServiceSep 25Jun 25Mar 25Dec 24Sep 24
United States Segment$71.38M$54.39M$83.48M$186.02M$118.85M

Thermon Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: United States Segment (100.00%).

Thermon Group Revenue Breakdown by Country

Annual Revenue by Country

CountryMar 25Mar 24Mar 23Mar 22Mar 21
Europe Segment$47.11M$45.30M$54.74M$54.22M-
Asia Segment$38.65M$37.72M$31.31M$35.67M-
Canada Segment$158.97M$155.32M$115.44M$90.85M-
Europe--$43.16M--
Asia--$34.31M--
United States Segment---$154.19M-

Thermon Group's latest annual revenue breakdown by geography, as of Mar 25: Canada Segment (64.96%), Europe Segment (19.25%), and Asia Segment (15.79%).

Quarterly Revenue by Country

CountrySep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Dec 22Sep 22Jun 22Dec 21Sep 21Jun 21Dec 20Sep 20Jun 20Dec 19Sep 19
United States Segment$71.38M$54.39M$202.33M-----------------
Canada Segment$40.40M$35.15M$78.56M$43.54M$36.87M$42.73M$41.11M$36.15M$35.32M$43.17M$34.78M$32.20M$31.05M$24.94M$25.43M$24.99M$19.22M$19.31M$34.53M$30.95M
Asia Segment$10.27M$7.11M$9.98M$9.83M$9.88M$8.90M$10.12M$10.31M$8.39M$7.96M$8.80M$7.62M$6.79M$9.44M$8.13M$7.75M$10.98M$9.43M$13.77M$12.47M
Europe Segment--$24.27M$13.81M$9.03M$9.73M$12.48M$13.41M$9.68M$11.22M$9.54M$10.04M$12.94M$16.50M$14.93M$17.14M$12.33M$9.47M$13.34M$15.69M

Thermon Group's latest quarterly revenue breakdown by geography, as of Sep 25: United States Segment (58.49%), Canada Segment (33.10%), and Asia Segment (8.42%).

Thermon Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
NVRIEnviri$2.34B$574.82M
GICGlobal Industrial$1.32B$353.60M
ASTEAstec Industries$1.31B$350.10M
BBSIBarrett Business Services$1.14B$318.95M
SFLSFL$752.29M$229.06M
GSLGlobal Ship Lease$674.79M$179.56M
GRCGorman-Rupp$659.67M$172.82M
PLPCPreformed Line Products$593.71M$178.09M
THRThermon Group$494.63M$131.72M
BLDPBallard Power Systems$104.25M$14.39M
SERVServe Robotics$207.54K$440.46K

THR Revenue FAQ

What is Thermon Group’s yearly revenue?

Thermon Group's yearly revenue for 2024 was $494.63M, representing an increase of 12.27% compared to 2023. The company's yearly revenue for 2023 was $440.59M, representing an increase of 23.87% compared to 2022. THR's yearly revenue for 2022 was $355.67M, representing an increase of 28.78% compared to 2021.

What is Thermon Group’s quarterly revenue?

Thermon Group's quarterly revenue for Q2 2026 was $131.72M, a 20.96% increase from the previous quarter (Q1 2026), and a 14.89% increase year-over-year (Q2 2025). The company's quarterly revenue for Q1 2026 was $108.9M, a -18.78% decrease from the previous quarter (Q4 2025), and a -5.41% decrease year-over-year (Q1 2025). THR's quarterly revenue for Q4 2025 was $134.08M, a -0.20% decrease from the previous quarter (Q3 2025), and a 5.03% increase year-over-year (Q4 2024).

What is Thermon Group’s revenue growth rate?

Thermon Group's revenue growth rate for the last 3 years (2022-2024) was 39.07%, and for the last 5 years (2020-2024) was 28.98%.

What are Thermon Group’s revenue streams?

Thermon Group's revenue streams in r 25 are United States Segment

What is Thermon Group’s main source of revenue?

For the fiscal year ending Mar 25, the largest source of revenue of Thermon Group was United States Segment. This segment made a revenue of $269.5M, representing 100.00% of the company's total revenue.