THR vs. GTES
THR (Thermon Group Holdings, Inc.) and GTES (Gates Industrial Corporation plc) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 5 years, THR returned 28.22%/yr vs 6.72%/yr for GTES. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
THR vs. GTES - Performance Comparison
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Returns By Period
In the year-to-date period, THR achieves a 64.53% return, which is significantly higher than GTES's 21.24% return.
THR
- 1D
- 0.00%
- 1M
- -3.01%
- YTD
- 64.53%
- 6M
- 69.83%
- 1Y
- 129.85%
- 3Y*
- 37.25%
- 5Y*
- 28.22%
- 10Y*
- 11.61%
GTES
- 1D
- -1.81%
- 1M
- 5.64%
- YTD
- 21.24%
- 6M
- 17.31%
- 1Y
- 20.73%
- 3Y*
- 27.87%
- 5Y*
- 6.72%
- 10Y*
- —
THR vs. GTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
THR Thermon Group Holdings, Inc. | 64.53% | 29.16% | -11.67% | 62.20% | 18.61% | 8.32% | -41.68% | 32.15% | -15.29% |
GTES Gates Industrial Corporation plc | 21.24% | 4.38% | 53.28% | 17.62% | -28.28% | 24.69% | -7.27% | 3.93% | -28.43% |
Correlation
The correlation between THR and GTES is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018 | 0.51 |
The correlation between THR and GTES has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Fundamentals
THR:
$1.34
GTES:
$1.29
THR:
45.53
GTES:
20.23
THR:
1.66
GTES:
17.58
THR:
3.78
GTES:
1.46
THR:
$536.26M
GTES:
$3.45B
THR:
$243.06M
GTES:
$1.38B
THR:
$89.74M
GTES:
$645.40M
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Return for Risk
THR vs. GTES — Risk / Return Rank
THR
GTES
THR vs. GTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thermon Group Holdings, Inc. (THR) and Gates Industrial Corporation plc (GTES). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| THR | GTES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.00 | 0.57 | +2.43 |
Sortino ratioReturn per unit of downside risk | 3.55 | 1.00 | +2.55 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.13 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 7.62 | 0.83 | +6.79 |
Martin ratioReturn relative to average drawdown | 19.41 | 1.98 | +17.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| THR | GTES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 0.57 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.20 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.10 | +0.20 |
Drawdowns
THR vs. GTES - Drawdown Comparison
The maximum THR drawdown since its inception was -65.24%, smaller than the maximum GTES drawdown of -70.06%. Use the drawdown chart below to compare losses from any high point for THR and GTES.
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Drawdown Indicators
| THR | GTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.24% | -70.06% | +4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -17.24% | -24.99% | +7.75% |
Max Drawdown (3Y)Largest decline over 3 years | -33.86% | -33.82% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.86% | -48.40% | +14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -63.47% | — | — |
Current DrawdownCurrent decline from peak | -14.19% | -7.20% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -22.06% | -26.82% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 10.49% | -3.75% |
Volatility
THR vs. GTES - Volatility Comparison
Thermon Group Holdings, Inc. (THR) has a higher volatility of 19.78% compared to Gates Industrial Corporation plc (GTES) at 11.31%. This indicates that THR's price experiences larger fluctuations and is considered to be riskier than GTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THR | GTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.78% | 11.31% | +8.47% |
Volatility (6M)Calculated over the trailing 6-month period | 33.68% | 29.19% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.86% | 36.90% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.21% | 34.47% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.96% | 40.39% | -1.43% |
Dividends
THR vs. GTES - Dividend Comparison
Neither THR nor GTES has paid dividends to shareholders.
Financials
THR vs. GTES - Financials Comparison
This section allows you to compare key financial metrics between Thermon Group Holdings, Inc. and Gates Industrial Corporation plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
THR vs. GTES - Profitability Comparison
THR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Thermon Group Holdings, Inc. reported a gross profit of 65.28M and revenue of 148.33M. Therefore, the gross margin over that period was 44.0%.
GTES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported a gross profit of 338.00M and revenue of 851.10M. Therefore, the gross margin over that period was 39.7%.
THR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Thermon Group Holdings, Inc. reported an operating income of 10.78M and revenue of 148.33M, resulting in an operating margin of 7.3%.
GTES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported an operating income of 109.90M and revenue of 851.10M, resulting in an operating margin of 12.9%.
THR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Thermon Group Holdings, Inc. reported a net income of 2.75M and revenue of 148.33M, resulting in a net margin of 1.9%.
GTES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gates Industrial Corporation plc reported a net income of 59.70M and revenue of 851.10M, resulting in a net margin of 7.0%.
Frequently Asked Questions
THR and GTES have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THR has higher volatility (19.78%) compared to GTES (11.31%). In terms of maximum drawdown, THR dropped -65.24% vs GTES's -70.06%.
THR currently has the higher Sharpe Ratio (3.00 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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