Company / Operating Margin
Thermon Group Holdings, Inc. Operating Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
16.0%
FY2024
5-year range
2.7% / 16.0%
FY2020-FY2024
Trend
+5.1%
vs FY2023
Sector context
#78 of 289
Industrials
What the data says
At 16.0%, Thermon Group Holdings, Inc.'s operating margin ranks #78 of 289 in the Industrials sector. Operating Margin has increased for 4 consecutive years, from 2.7% in FY2020 to 16.0% in FY2024.
Based on SEC 10-K filings.
16.0% in FY2024 with a 5-year CAGR of +7.5%.
Improved from 12.5% to 16.0% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +5.2pp
- 5-Year Change
- +7.5pp
- 10-Year Change
- -
Sector benchmark
#78 of 289 in IndustrialsTop 27% of 289This company 16.0% Sector average -828.6%
▼
+101.9% above sector average
Key checks
Key Insights
- Thermon Group Holdings, Inc.'s operating margin has grown for 4 consecutive years.
- In FY2024, operating margin increased 5.1% year-over-year.
- Currently 844.7pp above the Industrials sector average.
- Peak operating margin was recorded in FY2018.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 16.0% | +5.1% |
| FY2023 | 15.2% | +21.6% |
| FY2022 | 12.5% | +16.0% |
| FY2021 | 10.8% | +302.7% |
| FY2020 | 2.7% | -68.5% |
| FY2019 | 8.5% | -76.9% |
| FY2018 | 36.8% | +247.1% |
| FY2017 | 10.6% | +24.8% |
| FY2016 | 8.5% | -34.8% |
| FY2015 | 13.0% | -40.0% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026