Added to YB: 2025-12-02
Pitch date: 2025-11-29
THR [bullish]
Thermon Group Holdings, Inc.
+15.8%
current return
Author Info
I hunt patiently for 100-baggers in the realm from small to mid-cap preferably for underfollowed companies. The goal is to find asymmetric bets, with high upside, limited downside and always exposed to additional outsized optionality. Sign up for the newsletter.
Company Info
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific.
Market Cap
$1.2B
Pitch Price
$34.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.52
P/E
20.00
EV/Sales
2.50
Sector
Electrical Equipment
Category
growth
A data center liquid cooling play - Thermon Group Holdings, Inc.
THR: Oligopoly in industrial heat tracing, #2 globally. 45% gross margins, $498M revenue (71% products/29% projects). Picks-and-shovels play on electrification, data centers, energy transition. Structural tailwinds from decarbonization, hydrogen, carbon capture. Forward P/E 13x. Liquid cooling segment <2% of 2026 revenue but fastest growing in cooling market.
Read full article (3 min)