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
DateValue
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