Thermon Group Holdings, Inc. (THR)
NYSEIndustrialsElectrical Equipment & PartsSnapshot 2026-11-04
$61.140.00%
Close 2026-07-23 · 1-day change
NYSEIndustrialsElectrical Equipment & PartsSnapshot 2026-11-04
QuarterlyIQ Insights · THR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 41.7% |
| Our one-year growth estimate | diamond | 6.0% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 35.7 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 14 industry peers · Company calendar date is not available
THR — legal / regulatory event
Dated 2026-06-01
by reference. On June 1, 2026, in connection with the consummation of the Mergers, the Company notified the NYSE that the certificates of merger were filed with the Secretary of State of the State of Delaware, in each case, to effect the Mergers. The Company requested that the NYSE file with the SEC a Notification of Removal from Listing and/or Registration under Section 12(b) of the Exchange Act, on Form 25 in order to initiate the delisting of Thermon Common Stock from the NYSE and the dere…
Why it matters: The industrial sector signal points to slower growth. Thermon's FY2026 revenue rose 8%, so another slowdown would add to that pressure.
Watch forCECO reports Thermon-related revenue growth of more than 8% from a year earlier.
Also watch forCECO reports Thermon-related revenue growth of less than 8% from a year earlier.
Why it matters: Thermon linked data center demand to this product. New orders would show whether the large quote log is turning into sales.
Supportive ifCECO reports new liquid load bank orders and a quote log above $100 million.
Worry ifCECO reports no new orders, or a quote log below $100 million.
Why it matters: The merger is complete. A clear update can show whether the two firms are joining smoothly and finding cost savings.
Watch forCECO reports savings from the merger. Or it gives a timeline and dollar target for savings.
Also watch forCECO reports delays in joining the businesses, costs above plan, or no clear way to gain savings.
Why it matters: FY2026 free cash flow fell to $32.9 million from $52.9 million. A further decline would add pressure after the merger.
Worry ifCECO reports free cash flow below $32.9 million for the next comparable year.
Less concerning ifCECO reports free cash flow at or above $52.9 million for the next comparable year.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$52 on $10,000 · ±0.5% | How much price usually moves either way. |
| Bad day | $384 loss on $10,000 · 3.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,690 loss on $10,000 · 16.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Large projects drove much of Thermon's recent sales growth. A drop could weaken that growth source.
Worry ifCECO reports large project revenue below $30.2 million, Thermon's Q4 FY2026 level.
Less concerning ifCECO reports large project revenue at or above $30.2 million.