Thermon Group Holdings, Inc. (THR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 10.65M | 17.98M | 7.42M | 10.74M | 32.06M | 9.84M | 8.56M | 12.66M | 37.37M | 24.33M | 3.39M | 868K | 26.11M | 19.07M | 671K | 11.86M | 15.01M | 3.29M | 7.97M | 2.48M |
| Operating CF Margin % | 7.18% | 12.21% | 5.64% | 9.86% | 23.91% | 7.32% | 7.47% | 11% | 29.27% | 17.83% | 2.74% | 0.81% | 21.32% | 15.62% | 0.67% | 12.43% | 14.63% | 3.27% | 9.81% | 3.48% |
| Operating CF Growth % | -66.79% | 82.76% | -13.28% | -15.14% | -14.21% | -59.56% | 152.42% | 1358.41% | 43.12% | 27.55% | 405.51% | -92.68% | 73.97% | 478.88% | -91.59% | 378.81% | 1.34% | 14.61% | -13.81% | -26.1% |
| Net Income | 44.57M | 18.29M | 14.95M | 8.58M | 16.97M | 18.54M | 9.49M | 8.51M | 10.08M | 15.84M | 14.73M | 10.94M | 7.7M | 8.43M | 10.98M | 6.56M | 8.69M | 11.27M | 477K | -340K |
| Depreciation & Amortization | 0 | 5.7M | 5.94M | 5.66M | 5.58M | 5.62M | 5.57M | 5.56M | 5.76M | 4.27M | 4.36M | 4.44M | 4.67M | 4.71M | 4.96M | 4.89M | 4.86M | 4.97M | 5.09M | 5.29M |
| Stock-Based Compensation | 0 | 1.84M | 486K | 1.48M | 1.2M | 1.47M | 1.51M | 1.06M | 0 | 1.44M | 0 | 1.24M | 1.52M | 1.99M | 1.25M | 1.19M | 1.1M | 275K | 1.25M | 0 |
| Deferred Taxes | 0 | -775K | 0 | -433K | 150K | -770K | -786K | -721K | -262K | -294K | -809K | -753K | -376K | -2.42M | -1.07M | -663K | -751K | -882K | -448K | 491K |
| Other Non-Cash Items | -30.46M | 36K | 1.52M | -1.08M | -784K | 729K | -9.42M | 430K | 2.01M | -548K | 1.76M | -325K | -1.03M | 49K | 1.02M | -337K | 1.02M | 71K | 2.25M | 299K |
| Working Capital Changes | -3.46M | -7.11M | -15.48M | -3.47M | 8.95M | -15.75M | 2.19M | -2.19M | 19.77M | 3.62M | -16.65M | -14.67M | 13.62M | 6.32M | -16.47M | 216K | 91K | -12.41M | -641K | -3.26M |
| Change in Receivables | -22.52M | -9.09M | -1.77M | 12.44M | 5.48M | -22.8M | 5.69M | 7.4M | 11.66M | -8.15M | -17.71M | 1.45M | -4.45M | 9.72M | -9.9M | 1.32M | -3.27M | -12.5M | -7.01M | -2.25M |
| Change in Inventory | -2.11M | -5.43M | -7.02M | -13.46M | 3.8M | 2.49M | -3.03M | -3.95M | 9.11M | 6.24M | -917K | -10.65M | 9.21M | 3.97M | -12.18M | -9.83M | -2.46M | -4.04M | -2.14M | 39K |
| Change in Payables | 2.42M | -3.06M | 8.1M | 1.02M | 1.28M | -1.75M | -484K | -201K | 4.5M | -9.33M | 6.54M | 1M | -3.05M | -11.44M | 3.88M | 3.48M | -1.47M | 3.83M | 8.88M | 2.5M |
| Cash from Investing | -3.21M | -4.47M | -3.05M | -2.35M | -3.65M | -5.57M | -1.84M | -3.9M | -1.24M | -102.7M | -2.79M | -2.79M | -4.25M | -1.5M | -1.92M | -36.89M | -1.85M | -687K | -1.15M | 0 |
| Capital Expenditures | -3.53M | -4.92M | -3.06M | -2.42M | -3.07M | -1.39M | -1.86M | -3.92M | -3.13M | -2.27M | -2.81M | -2.8M | -4.28M | -1.56M | -2M | -1.62M | -2.3M | -865K | -1.18M | -873K |
| CapEx % of Revenue | 2.38% | 3.34% | 2.33% | 2.22% | 2.29% | 1.04% | 1.62% | 3.41% | 2.46% | 1.67% | 2.27% | 2.62% | 3.49% | 1.28% | 1.99% | 1.69% | 2.24% | 0.86% | 1.45% | 1.23% |
| Acquisitions | 321K | 0 | 0 | 0 | -582K | -9.96M | -19K | 19K | 1.89M | -100.47M | 22K | 12K | 34K | 0 | 40K | -35.34M | 0 | 0 | 0 | 21K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 448K | 12K | 69K | 2K | 5.79M | 36K | 0 | 0 | 41K | 0 | 0 | 0 | 60K | 40K | 63K | 454K | 178K | 36K | 852K |
| Cash from Financing | -1.6M | 3.76M | -6.84M | -12.64M | -28.6M | -14.16M | -5.66M | -8M | -41.01M | 102.13M | -2.74M | -1.85M | -20.19M | -11.21M | -4.82M | 22.76M | -5.37M | -7.29M | -8.7M | -1.29M |
| Debt Issued (Net) | -1.27M | 3.99M | -151.44M | 463K | -14.44M | -12.43M | -3.38M | -3.43M | -40.55M | 102.3M | -2.71M | -168K | -20M | -11.21M | -4.79M | 23.32M | -5.24M | -7.26M | -7.48M | -840K |
| Equity Issued (Net) | -262K | -46K | -6.02M | -13.1M | -20.35M | 3.83M | -2.28M | -4.57M | -428K | -165K | -30K | -1.69M | -55K | -2K | -34K | -552K | -111K | 0 | -14K | -451K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -334K | -46K | -6.02M | -13.1M | -20.35M | 3.83M | -2.28M | -4.57M | -428K | -165K | -30K | -1.69M | -55K | -2K | -34K | -552K | -111K | 0 | -14K | -548K |
| Other Financing | -59K | -182K | 150.63M | 0 | 6.19M | -5.56M | 0 | 0 | -28K | 0 | 0 | 0 | -142K | 0 | 0 | 0 | -17K | -38K | -1.21M | 0 |
| Net Change in Cash | -321K | 17.11M | -3.24M | -2.7M | 842K | -12.12M | 2.06M | 210K | -6.84M | 24.34M | -3.05M | -2.55M | -2.68M | 6.66M | -8.15M | -1.24M | 8.53M | -5.93M | -2.05M | 2.9M |
| Free Cash Flow | 7.12M | 13.06M | 4.36M | 8.32M | 28.99M | 8.45M | 6.7M | 8.74M | 34.23M | 22.05M | 585K | -1.93M | 21.83M | 17.52M | -1.33M | 10.24M | 12.71M | 2.43M | 6.79M | 1.6M |
| FCF Margin % | 4.8% | 8.87% | 3.31% | 7.64% | 21.62% | 6.29% | 5.84% | 7.59% | 26.82% | 16.17% | 0.47% | -1.81% | 17.82% | 14.34% | -1.32% | 10.73% | 12.39% | 2.42% | 8.35% | 2.25% |
| FCF Growth % | -75.44% | 54.66% | -34.91% | -4.75% | -15.32% | -61.7% | 1045.3% | 551.94% | 56.82% | 25.91% | 144.12% | -118.87% | 71.77% | 620.78% | -119.52% | 538.59% | 11.61% | 5.7% | -5.39% | 24.05% |
| FCF per Share | 0.21 | 0.40 | 0.13 | 0.25 | 0.85 | 0.25 | 0.20 | 0.26 | 1.00 | 0.64 | 0.02 | -0.06 | 0.64 | 0.52 | -0.04 | 0.31 | 0.38 | 0.07 | 0.20 | 0.05 |
| FCF Conversion (FCF/Net Income) | 3.88x | 0.98x | 0.50x | 1.25x | 1.89x | 0.53x | 0.90x | 1.49x | 3.71x | 1.54x | 0.23x | 0.08x | 3.39x | 2.26x | 0.06x | 1.81x | 1.73x | 0.29x | 16.72x | -7.29x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |