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Mar 31, 2025
Thermon Q4 2025 Earnings Report
Thermon reported its financial results for the fourth quarter and full fiscal year ended March 31, 2025.
Key Takeaways
Thermon achieved record revenue and Adjusted EBITDA in fiscal 2025, driven by strong fourth-quarter results with increased revenue, gross profit, and net income. The company saw significant order momentum and ended the year with a higher backlog, positioning it well for fiscal 2026 despite macroeconomic uncertainties.
Fourth-quarter revenue increased by 5% to $134.1 million.
Gross profit rose by 13% to $59.4 million in the fourth quarter, with a gross margin of 44.3%.
Net income for the quarter increased by 68% to $17.0 million, resulting in $0.50 EPS.
New orders in the fourth quarter were up 19% at $138.8 million, leading to a book-to-bill ratio of 1.04x and a 29% higher backlog compared to the prior year.
Revenue by Segment
Forward Guidance
For fiscal year 2026, Thermon is providing guidance with expected revenue between $495 million and $535 million and Adjusted EBITDA between $104 million and $114 million, reflecting a broad range of potential outcomes due to macroeconomic uncertainty.
Positive Outlook
- Entering fiscal 2026 with bookings momentum.
- Strong backlog provides a solid foundation.
- Favorable trends in several key growth verticals identified.
- Lean and efficient operating platform in place.
- Well positioned for long-term success with current strategy.
Challenges Ahead
- Broader macroeconomic backdrop remains uncertain.
- Volatile trade environment creates uncertainty.
- Predicting the outcome of tariff and trade situation is challenging.
- Potential impact on input costs from tariffs and trade situation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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