Company / Gross Margin
Thermon Group Holdings, Inc. Gross Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
44.7%
FY2024
5-year range
39.4% / 44.7%
FY2020-FY2024
Trend
+4.6%
vs FY2023
Sector context
#30 of 186
Industrials
What the data says
Thermon Group Holdings, Inc.'s gross margin of 44.7% is higher than 84% of companies in the Industrials sector (FY2024). Gross Margin has increased for 3 consecutive years, from 39.4% in FY2021 to 44.7% in FY2024.
Based on SEC 10-K filings.
44.7% in FY2024 with a 5-year CAGR of +2.6%. Top quartile in the Industrials sector.
Improved from 42.0% to 44.7% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +5.3pp
- 5-Year Change
- +2.6pp
- 10-Year Change
- -
Sector benchmark
Top 16% in IndustrialsTop 16% of 186This company 44.7% Sector average 31.4%
▼
+42.4% above sector average
Key checks
Key Insights
- Thermon Group Holdings, Inc.'s gross margin has grown for 3 consecutive years.
- In FY2024, gross margin increased 4.6% year-over-year.
- Currently 13.3pp above the Industrials sector average.
- Peak gross margin was recorded in FY2017.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 44.7% | +4.6% |
| FY2023 | 42.8% | +1.8% |
| FY2022 | 42.0% | +6.7% |
| FY2021 | 39.4% | -6.9% |
| FY2020 | 42.3% | +0.4% |
| FY2019 | 42.1% | - |
| FY2018 | - | - |
| FY2017 | 46.6% | +10.0% |
| FY2016 | 42.4% | -9.0% |
| FY2015 | 46.6% | -7.1% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026