Is Thermon Group Holdings, Inc. (THR) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 10.2% / 30% | 2.7% / 30% | 8.7% / 30% | 0.2% / 5% | ✓ HALAL |
| DJIM | 10.2% / 33% | 2.7% / 33% | 8.7% / 33% | 0.2% / 5% | ✓ HALAL |
| MSCI | 20.1% / 33% | 5.2% / 33% | 17.1% / 33% | 0.2% / 5% | ✓ HALAL |
| S&P | 10.2% / 33% | 2.7% / 33% | 8.7% / 33% | 0.2% / 5% | ✓ HALAL |
| FTSE | 20.1% / 33% | 5.2% / 33% | 17.1% / 50% | 0.2% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.6% | |
| Operating Margin | 18.1% | |
| Net Margin | 11.3% | |
| Return on Equity (ROE) | 11.4% | |
| Return on Assets (ROA) | 6.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $63M |
| Free Cash Flow | $53M |
| Total Debt | $152M |
| Debt-to-Equity | 29.7 |
| Current Ratio | 2.9 |
| Total Assets | $755M |
Price & Trading
| Last Close | $51.06 |
| 50-Day MA | $47.83 |
| 200-Day MA | $34.61 |
| Avg Volume | 526K |
| Beta | 0.7 |
|
52-Week Range
$23.05
| |
About Thermon Group Holdings, Inc. (THR)
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. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services; tubing bundle solutions comprising bundle design services, heated, and insulated sample lines; temporary power systems; heated blankets; and electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other complementary products and services. It also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions that offer electric or gas-powered space heating for hazardous and non-hazardous areas under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and electric resistance, electrode, and fired coil tube boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, the company offers project services, such as engineering and design, procurement and project management, turnkey construction installation, recurring facility assessment or audit, and maintenance services. Further, it operates an electron cross-linking facility. The company serves the general industrial, chemical and petrochemical, oil, gas, power generation, commercial, food and beverage, rail and transit, and other markets. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.
Purification Calculator
As a halal stock with 0.20% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Thermon Group Holdings, Inc. (THR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Thermon Group Holdings, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Thermon Group Holdings, Inc.'s debt ratio?
Thermon Group Holdings, Inc.'s debt ratio is 10.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 20.1%.
Does Thermon Group Holdings, Inc. require dividend purification?
Yes, Thermon Group Holdings, Inc. has an impermissible income ratio of 0.20%, which means 0.20% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Thermon Group Holdings, Inc.'s key financial metrics?
Thermon Group Holdings, Inc. has a market capitalization of $1.7B, trailing P/E ratio of 28.9, and revenue of $498M. The company maintains a gross margin of 45.6% and a net margin of 11.3%. Return on equity stands at 11.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.