Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Thermon Group Holdings ( (THR) ) is now available.
On February 5, 2026, Thermon reported record third-quarter fiscal 2026 results, with revenue up 9.6% year-on-year to $147.3 million, gross profit rising 10.5% and adjusted EBITDA increasing 11.9% to $35.6 million, while adjusted net income climbed 15.3% despite essentially flat GAAP net income. The company recorded strong order momentum with new bookings up 14.1% and a 1.1x book-to-bill ratio, driving a 10% backlog increase and supporting a raise to full-year guidance, as management highlighted robust demand in data center, power generation and LNG end markets, rapid progress in new offerings such as medium voltage heaters and liquid load bank testing solutions, and a strengthened balance sheet with net leverage at 0.8x and ample liquidity to fund organic growth, acquisitions and capital returns.
The most recent analyst rating on (THR) stock is a Buy with a $53.00 price target. To see the full list of analyst forecasts on Thermon Group Holdings stock, see the THR Stock Forecast page.
Spark’s Take on THR Stock
According to Spark, TipRanks’ AI Analyst, THR is a Outperform.
Thermon Group Holdings receives a strong overall score driven by robust financial performance and positive earnings call insights. The technical indicators suggest caution due to overbought conditions, while the valuation is moderate. The company’s strategic initiatives and raised guidance enhance its market position, supporting a positive outlook.
To see Spark’s full report on THR stock, click here.
More about Thermon Group Holdings
Thermon Group Holdings, based in Austin, Texas, is a diversified industrial technology company and global leader in industrial process heating solutions, serving large project and maintenance markets across sectors such as data centers, power generation and LNG, with a strategic focus on decarbonization, digitization and diversification to capture secular growth trends.
Average Trading Volume: 321,319
Technical Sentiment Signal: Buy
Current Market Cap: $1.52B
See more insights into THR stock on TipRanks’ Stock Analysis page.