Thermon Group (THR) Revenue & Revenue Breakdown

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Thermon Group Revenue Highlights

Latest Revenue (Y)

$494.63M

Latest Revenue (Q)

$134.35M

Main Segment (Y)

United States Segment

Main Geography (Y)

Canada Segment

Thermon Group Revenue by Period

Thermon Group Revenue by Year

Date	Revenue	Change
2024-03-31	$494.63M	12.27%
2023-03-31	$440.59M	23.87%
2022-03-31	$355.67M	28.78%
2021-03-31	$276.18M	-27.98%
2020-03-31	$383.49M	-7.07%
2019-03-31	$412.64M	33.71%
2018-03-31	$308.61M	16.84%
2017-03-31	$264.13M	-6.31%
2016-03-31	$281.93M	-8.64%
2015-03-31	$308.58M	11.27%
2014-03-31	$277.32M	-2.36%
2013-03-31	$284.04M	5.00%
2012-03-31	$270.51M	-8.02%
2011-03-31	$294.11M	52.62%
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

Date	Revenue	Change
2024-12-31	$134.35M	-24.68%
2024-09-30	$178.38M	54.95%
2024-06-30	$115.13M	-9.81%
2024-03-31	$127.65M	-40.75%
2023-12-31	$215.44M	74.22%
2023-09-30	$123.66M	15.69%
2023-06-30	$106.89M	-12.73%
2023-03-31	$122.48M	0.30%
2022-12-31	$122.11M	21.43%
2022-09-30	$100.56M	5.36%
2022-06-30	$95.44M	-6.96%
2022-03-31	$102.58M	1.96%
2021-12-31	$100.61M	23.72%
2021-09-30	$81.32M	14.29%
2021-06-30	$71.16M	-2.96%
2021-03-31	$73.32M	-7.89%
2020-12-31	$79.60M	19.87%
2020-09-30	$66.41M	16.81%
2020-06-30	$56.85M	-35.67%
2020-03-31	$88.37M	-12.04%
2019-12-31	$100.47M	-2.40%
2019-09-30	$102.94M	12.24%
2019-06-30	$91.71M	-19.71%
2019-03-31	$114.23M	-4.29%
2018-12-31	$119.36M	32.39%
2018-09-30	$90.15M	1.41%
2018-06-30	$88.90M	-13.34%
2018-03-31	$102.58M	10.71%
2017-12-31	$92.66M	50.35%
2017-09-30	$61.63M	19.13%
2017-06-30	$51.74M	-23.45%
2017-03-31	$67.58M	5.04%
2016-12-31	$64.34M	-6.50%
2016-09-30	$68.81M	8.54%
2016-06-30	$63.40M	-12.37%
2016-03-31	$72.34M	-2.80%
2015-12-31	$74.43M	6.42%
2015-09-30	$69.93M	7.22%
2015-06-30	$65.22M	-12.16%
2015-03-31	$74.26M	-15.25%
2014-12-31	$87.62M	10.87%
2014-09-30	$79.03M	16.80%
2014-06-30	$67.67M	0.28%
2014-03-31	$67.47M	-5.58%
2013-12-31	$71.47M	-1.81%
2013-09-30	$72.78M	10.95%
2013-06-30	$65.60M	-9.00%
2013-03-31	$72.08M	-6.08%
2012-12-31	$76.75M	13.94%
2012-09-30	$67.36M	0.22%
2012-06-30	$67.21M	-2.64%
2012-03-31	$69.04M	0.29%
2011-12-31	$68.84M	1.20%
2011-09-30	$68.02M	5.27%
2011-06-30	$64.62M	-0.50%
2010-12-31	$64.94M	2.35%
2010-09-30	$63.45M	27.39%
2010-03-31	$49.81M	-

Thermon Group generated $134.35M in revenue during Q3 2025, up -24.68% compared to the previous quarter, and up 108.65% compared to the same period a year ago.

Thermon Group Revenue Breakdown

Thermon Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
United States Segment	$256.29M	$251.81M	$154.19M	$95.44M	$155.47M

Thermon Group's latest annual revenue breakdown by segment (product or service), as of Mar 24: United States Segment (100.00%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24
United States Segment	$186.02M	$118.85M

Thermon Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: United States Segment (100.00%).

Thermon Group Revenue Breakdown by Country

Annual Revenue by Country

Country	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Europe Segment	$45.30M	$54.74M	$54.22M	$53.76M	-
Canada Segment	$155.32M	$115.44M	$90.85M	$128.36M	-
Asia Segment	$37.72M	$31.31M	$35.67M	$45.90M	-
Asia	-	$34.31M	-	-	-
Europe	-	$43.16M	-	-	-
United States Segment	-	-	$154.19M	-	-

Thermon Group's latest annual revenue breakdown by geography, as of Mar 24: Canada Segment (65.17%), Europe Segment (19.01%), and Asia Segment (15.82%).

Quarterly Revenue by Country

Country	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Dec 22	Sep 22	Jun 22	Dec 21	Sep 21	Jun 21	Dec 20	Sep 20	Jun 20	Dec 19	Sep 19	Jun 19	Dec 18	Sep 18
Europe Segment	$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	$13.34M	$22.46M	$15.56M
Asia Segment	$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	$10.69M	$12.38M	$10.97M
Canada Segment	$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	$27.25M	$33.47M	$30.97M

Thermon Group's latest quarterly revenue breakdown by geography, as of Dec 24: Canada Segment (64.80%), Europe Segment (20.56%), and Asia Segment (14.63%).

Thermon Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ITT	ITT	$3.63B	$885.20M
DCI	Donaldson	$3.59B	$870.00M
IEX	IDEX	$3.27B	$798.20M
FELE	Franklin Electric	$2.02B	$531.44M
CR	Crane	$1.49B	$597.20M
KAI	Kadant	$1.05B	$271.61M
NPO	EnPro Industries	$1.05B	$260.90M
SXI	Standex	$720.63M	$189.81M
GRC	Gorman-Rupp	$659.67M	$168.18M
EPAC	Enerpac Tool Group	$589.51M	$145.53M
THR	Thermon Group	$494.63M	$134.35M
LXFR	Luxfer	$391.90M	$99.40M
GHM	Graham	$185.53M	$47.04M
OFLX	Omega Flex	$101.68M	$24.88M
IVAC	Intevac	$63.98M	$14.53M
HURC	Hurco Companies	$37.74M	$8.29M

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 Q3 2025 was $134.35M, a -24.68% decrease from the previous quarter (Q2 2025), and a -37.64% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $178.38M, a 54.95% increase from the previous quarter (Q1 2025), and a 44.25% increase year-over-year (Q2 2024). THR's quarterly revenue for Q1 2025 was $115.13M, a -9.81% decrease from the previous quarter (Q4 2024), and a 7.71% increase year-over-year (Q1 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 24 are United States Segment

What is Thermon Group’s main source of revenue?

For the fiscal year ending Mar 24, the largest source of revenue of Thermon Group was United States Segment. This segment made a revenue of $256.29M, representing 100.00% of the company's total revenue.