Thermon Group Holdings (THR) Operating Expenses (2010 - 2026)
Thermon Group Holdings (THR) reported Operating Expenses of $52.3 million for Q1 2026, up 59.25% year-over-year from $32.8 million in Q1 2025, and up 36.54% quarter-over-quarter from $38.3 million in Q4 2025.
Thermon Group Holdings (THR) Operating Expenses (2010 - 2026) Analysis & Trends
Thermon Group Holdings (THR) has 17 years of Operating Expenses data on file, last reported at $52.3 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $52.3 million, up 59.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $158.3 million (up 22.7% YoY), and the FY2026 annual result was $158.3 million, up 22.7% from the prior year.
- Operating Expenses advanced to $52.3 million in Q1 2026 per THR's latest filing, from $38.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $52.3 million in Q1 2026 and troughed at $24.4 million in Q2 2022.
- A 5-year average of $33.3 million and a median of $32.2 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 61.21% in 2023, then fell 25.31% in 2024.
- A 5-year view of Operating Expenses shows it stood at $33.6 million in 2022, then retreated by 1.1% to $33.2 million in 2023, then declined by 6.31% to $31.1 million in 2024, then gained by 23.19% to $38.3 million in 2025, then jumped by 36.54% to $52.3 million in 2026.
- Business Quant data shows THR's Operating Expenses at $52.3 million in Q1 2026, $38.3 million in Q4 2025, and $35.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 1.60 Bn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | - |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 492.23 Mn |
| 10 | Thermon Group Holdings | 1.99 Bn | 1.94 Bn | 65.28 Mn | 52.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.30 Mn |
| Dec 31, 2025 | 38.31 Mn |
| Sep 30, 2025 | 35.51 Mn |
| Jun 30, 2025 | 32.18 Mn |
| Mar 31, 2025 | 32.84 Mn |
| Dec 31, 2024 | 31.09 Mn |
| Sep 30, 2024 | 31.87 Mn |
| Jun 30, 2024 | 33.20 Mn |
| Mar 31, 2024 | 31.59 Mn |
| Dec 31, 2023 | 33.19 Mn |
| Sep 30, 2023 | 30.79 Mn |
| Jun 30, 2023 | 29.24 Mn |
| Mar 31, 2023 | 42.29 Mn |
| Dec 31, 2022 | 33.56 Mn |
| Sep 30, 2022 | 27.75 Mn |
| Jun 30, 2022 | 24.40 Mn |
| Mar 31, 2022 | 26.23 Mn |
| Dec 31, 2021 | 22.10 Mn |
| Sep 30, 2021 | 23.32 Mn |
| Jun 30, 2021 | 20.99 Mn |