Thermon Group Holdings (THR) Gross Margin (2010 - 2026)

Thermon Group Holdings (THR) has 17 years of Gross Margin data on file, last reported at 44.01% in Q1 2026.

• Gross Margin for Q1 2026 came in at 44.01%, down 31.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 45.32% (up 58.0% YoY), and the FY2026 annual result was 45.32%, up 58.0% from the prior year.
• Gross Margin declined to 44.01% in Q1 2026 per THR's latest filing, from 46.6% in the prior quarter.
• Over five years, Gross Margin peaked at 46.6% in Q4 2025 and troughed at 39.0% in Q2 2022.
• A 5-year average of 43.5% and a median of 44.04% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin surged 666 bps in 2022, then plunged 163 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 41.32% in 2022, then advanced by 2 bps to 42.08% in 2023, then climbed by 10 bps to 46.24% in 2024, then rose by 1 bps to 46.6% in 2025, then decreased by 6 bps to 44.01% in 2026.
• Business Quant data shows THR's Gross Margin at 44.01% in Q1 2026, 46.6% in Q4 2025, and 46.37% in Q3 2025.