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Thermon Group Holdings inc.  (THR)
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Thermon Group Holdings Inc's

Competitiveness


 

THR Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Thermon Group Holdings Inc reported Total Revenue increase in the 2 quarter 2022 by 34.13 % year on year.
The revenue growth was below Thermon Group Holdings Inc's competitors average revenue growth of 34.13 %, recorded in the same quarter.

List of THR Competitors

With net margin of 6.87 % company reported lower profitability than its competitors.

More on THR Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Thermon Group Holdings inc. Net Income in the 2 quarter 2022 grew year on year by 656.17 %, slower than its competitors income growth of 656.17 %

<<  More on THR Income Comparisons


Thermon Group Holdings Inc's Comment on Competitors and Industry Peers


The global industrial electric heat tracing industry is fragmented and consists of more than 30 companies, which typically only serve discrete local markets and provide a limited service offering. We believe that we are the second largest participant in the industrial electric heat tracing market and one of only a few solutions providers with a comprehensive suite of products and services, global capabilities and local on-site presence. Our most significant competitor is the Technical Solutions segment of Pentair Ltd. (NYSE: PNR).

Heat tracing providers differentiate themselves through value-added services, long-term customer relationship management and the ability to provide a full range of solutions. We differentiate ourselves from local providers by a global footprint, a full suite of products and services and a track record with some of the largest multinational energy, chemical processing, power and EPC companies in the world. In addition, we are almost entirely dedicated to providing thermal solutions and complementary products and services whereas some of our competitors' thermal solutions operations constitute only one of numerous operating segments.





*Market share is calculated based on total revenue.


THR's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Thermon Group Holdings inc. THR 541.78 380.00 26.00 991
SUBTOTAL 541.78 379.96 25.78 991
       
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