Thermon Group Holdings, Inc. (THR) released its third‑quarter 2026 financial results on Thursday, February 5, 2026, reporting revenue of $147.3 million, up 9.6% year‑over‑year. Gross profit rose 10.5% to $68.7 million, giving the company a 46.6% gross margin, the highest in its history and a key indicator of its successful shift toward higher‑margin industrial technology solutions.
Net income for the quarter was $18.3 million, a 1.1% decline from the same period last year, and earnings per share were $0.55. Adjusted EBITDA reached $35.6 million, a 24.2% margin, reflecting strong operating leverage and effective cost control amid a mix shift toward more profitable point‑in‑time sales.
New orders for the quarter totaled $158.2 million, giving the company a book‑to‑bill ratio of 1.1x and underscoring continued demand for its electrification and digitization products. The company’s net leverage ratio was 0.8x, indicating a solid balance‑sheet position to support future growth initiatives.
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