Thermon Group Holdings, Inc. — Earnings Quality Grade F
THR · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 80 days, change +1 days YoY
AR growth 2.3% vs revenue growth 0.7%
Revenue 0.7%, CFFO -4.3%. Cash follows revenue
Expense Quality
Inventory 3.1% vs COGS -2.7%. Normal
CapEx growth -7.0% vs revenue 0.7%. Normal
SG&A/Gross Profit = 58.2%. Normal
Gross margin 44.7%, change +2.0pp. Stable
Cash Flow Quality
CFFO/NI = 1.18. Profits backed by cash
FCF $0.1B, FCF/NI = 0.99
Accruals ratio = -1.3%. Low accruals
Cash $0.0B covers only 26% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 77% of equity. Over 50%
Debt/EBITDA = 1.5x. Healthy
Other assets grew 35.9% vs revenue 0.7%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.54 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25