NYSE$THR
Thermon Group Holdings Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Thermon reported mixed results with revenue decline offset by gross profit and net income growth. Strategic decisions to prioritize diverse end markets and recurring revenue streams contributed to adjusted EBITDA growth.
Thermon's Q3 2025 saw a slight decrease in revenue but an increase in gross profit and net income. The company's strategic focus on diverse end markets and recurring revenue streams drove adjusted EBITDA growth. They also saw an increase in new orders and maintained a strong backlog.
- Revenue decreased by 1.5% to $134.4 million.
- Net income increased by 17.1% to $18.5 million, with EPS at $0.54.
- New orders increased by 11.4% to $138.6 million, resulting in a book-to-bill ratio of 1.03x.
- Backlog increased by 48% to $236 million.
Headline financials
Revenue & EPS history
Thermon · Revenue · Quarterly
$134M
Forward guidance
Thermon provided full fiscal year 2025 guidance, anticipating revenue between $495 million and $515 million, adjusted EBITDA between $105 million and $110 million, GAAP EPS between $1.46 and $1.58, and adjusted EPS between $1.77 and $1.89.
Tailwinds
- Revenue is expected to be between $495 million and $515 million.
- Adjusted EBITDA is projected to be between $105 million and $110 million.
- GAAP EPS is anticipated to be between $1.46 and $1.58.
- Adjusted EPS is expected to be between $1.77 and $1.89.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
-0.3%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.7%
Avg return
30 days after
53%
34 / 64 earnings
Positive
+13.3%
Q2 2014
Best reaction
-24.9%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +3.1% | +3.6% | — | |
| Q3 2026 | +5.6% | +8.8% | -2.0% | |
| Q2 2026 | +11.2% | +22.2% | +33.0% | |
| Q1 2026 | -11.2% | -8.9% | -9.5% | |
| Q4 2025 | -0.5% | -6.9% | -7.2% | |
| Q3 2025 | -1.6% | +12.9% | +5.9% | |
| Q2 2025 | -3.4% | +0.1% | +8.6% | |
| Q1 2025 | -0.2% | -3.4% | -5.1% | |
| Q4 2024 | -0.1% | -7.7% | -11.8% | |
| Q3 2024 | -24.9% | -21.9% | -16.1% | |
| Q2 2024 | +11.2% | +14.7% | +13.1% | |
| Q1 2024 | -7.3% | -5.3% | -0.2% | |
| Q4 2023 | +1.2% | +0.3% | +11.2% | |
| Q3 2023 | +3.7% | +13.6% | +18.8% | |
| Q2 2023 | +3.2% | +8.4% | +17.8% | |
| Q1 2023 | +4.3% | +7.0% | +8.7% | |
| Q4 2022 | +2.5% | +1.5% | -5.4% | |
| Q3 2022 | +2.0% | +3.3% | -0.3% | |
| Q2 2022 | +0.8% | -1.2% | -9.3% | |
| Q1 2022 | +3.8% | +2.7% | -4.0% | |
| Q4 2021 | -10.7% | -9.0% | -6.6% | |
| Q3 2021 | +1.8% | +7.2% | +35.8% | |
| Q2 2021 | +5.7% | +25.4% | +55.5% | |
| Q1 2021 | -2.4% | +0.4% | -11.4% | |
| Q4 2020 | -11.2% | +5.1% | -11.5% | |
| Q3 2020 | -14.7% | -13.3% | -25.8% | |
| Q2 2020 | +8.5% | +7.5% | +4.5% | |
| Q1 2020 | -7.0% | -5.1% | -7.3% | |
| Q4 2019 | +5.9% | +7.6% | +15.3% | |
| Q3 2019 | +2.6% | +3.3% | +13.0% | |
| Q2 2019 | -0.4% | -4.9% | -3.4% | |
| Q1 2019 | +3.4% | -0.2% | +6.9% | |
| Q4 2018 | -8.7% | -4.8% | -3.0% | |
| Q3 2018 | +3.0% | +3.0% | +9.3% | |
| Q2 2018 | +4.4% | +3.4% | +2.7% | |
| Q1 2018 | -3.3% | -3.3% | -7.2% | |
| Q4 2017 | -13.2% | -13.5% | -10.1% | |
| Q3 2017 | -0.5% | +1.4% | -3.3% | |
| Q2 2017 | -0.5% | +2.0% | +6.2% | |
| Q1 2017 | -5.4% | -1.5% | -2.5% | |
| Q4 2016 | +10.7% | +9.5% | +4.5% | |
| Q3 2016 | -2.3% | — | — | |
| Q2 2016 | -7.7% | — | — | |
| Q1 2016 | -3.6% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q3 2015 | +7.6% | — | — | |
| Q2 2015 | +10.7% | — | — | |
| Q1 2015 | +9.1% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | -5.4% | — | — | |
| Q2 2014 | +13.3% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2013 | -5.1% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | -6.3% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q3 2012 | +1.3% | — | — | |
| Q2 2011 | +0.3% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2010 | — | — | — |
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