Thermon Group Holdings, Inc.THRNYSE
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R&D Expenses Over TimeStrong
Percentile Rank80
3Y CAGR-4.7%
5Y CAGR+2.8%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
-4.7%/yr
vs +14.7%/yr prior
5Y CAGR
+2.8%/yr
Recent deceleration
Acceleration
-19.5pp
Decelerating
Percentile
P80
Within normal range
vs 5Y Ago
1.1x
Modest growth
PeriodValueYoY Change
TTM$9.43M0.0%
2025$9.43M-5.9%
2024$10.03M-8.0%
2023$10.90M-
2022$0.00-100.0%
2021$8.23M-
2020$0.00-100.0%
2019$6.29M+20.0%
2018$5.24M+49.7%
2017$3.50M-