Thermon Group Holdings, Inc.

Thermon Group Holdings, Inc. - Current Ratioverified

THR

Price:

$61.14

Market Cap:

$2.01B

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 services, and maintenance services; tubing bundle solutions comprising bundle design services, heated, and insulated sample lines; temporary power systems; heated blankets; and electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, i...[Read more]

Industry

Electrical Equipment & Parts

IPO Date

2011-05-05

Stock Exchange

NYSE

Ticker

THR

The Current Ratio as of August 2026 (TTM) for Thermon Group Holdings, Inc. (THR) is 2.69

According to Thermon Group Holdings, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.69. This represents a change of -0.68% compared to the average of 2.71 of the last 4 quarters.

Thermon Group Holdings, Inc. (THR) Historical Current Ratio (quarterly & annually)

How has THR Current Ratio performed in the past?

The mean historical Current Ratio of Thermon Group Holdings, Inc. over the last ten years is 3.10. The current 2.69 Current Ratio has changed 8.57% with respect to the historical average. Over the past ten years (40 quarters), THR's Current Ratio was at its highest in in the December 2020 quarter at 4.26. The Current Ratio was at its lowest in in the December 2017 quarter at 0.99.

Quarterly (TTM)
Annual

Average

3.10

Median

3.15

Minimum

2.28

Maximum

3.92

Thermon Group Holdings, Inc. (THR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Thermon Group Holdings, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 10.49%

Maximum Annual Current Ratio = 3.92

Minimum Annual Increase = -24.46%

Minimum Annual Current Ratio = 2.28

Quarterly (TTM)
Annual
YearCurrent RatioChange
20262.6910.49%
20252.43-3.12%
20242.5110.23%
20232.28-24.46%
20223.02-22.96%
20213.928.98%
20203.599.51%
20193.28-6.99%
20183.53-6.83%
20173.799.16%

Thermon Group Holdings, Inc. (THR) Average Current Ratio

How has THR Current Ratio performed in the past?

The current Current Ratio of Thermon Group Holdings, Inc. (THR) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

2.55

5-year avg

2.59

10-year avg

3.10

Thermon Group Holdings, Inc. (THR) Current Ratio vs. Peers

How is THR’s Current Ratio compared to its peers?

Thermon Group Holdings, Inc.’s Current Ratio is less than Ballard Power Systems Inc. (11.19), less than The Gorman-Rupp Company (2.81), greater than Astec Industries, Inc. (2.52), greater than Global Industrial Co (2.24), greater than SFL Corporation Ltd (0.32), greater than Global Ship Lease, Inc. (2.26), greater than Barrett Business Services, Inc. (1.16), less than Serve Robotics Inc. (10.19), greater than Enviri Corporation (1.54), less than Preformed Line Products Company (2.99),

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