THR vs. GTES

Last updated Apr 1, 2026

Compare and contrast key facts about Thermon Group Holdings, Inc. (THR) and Gates Industrial Corporation plc (GTES).

Performance

THR vs. GTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thermon Group Holdings, Inc. (THR) and Gates Industrial Corporation plc (GTES). The values are adjusted to include any dividend payments, if applicable.

THR vs. GTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
THR Thermon Group Holdings, Inc.	35.63%	29.16%	-11.67%	62.20%	18.61%	8.32%	-41.68%	32.15%	-15.29%
GTES Gates Industrial Corporation plc	5.31%	4.38%	53.28%	17.62%	-28.28%	24.69%	-7.27%	3.93%	-28.43%

Fundamentals

Market Cap THR : $1.66B GTES : $5.86B
EPS THR : $1.77 GTES : $0.97
PE Ratio THR : 28.44 GTES : 23.22
PEG Ratio THR : 0.05 GTES : 20.18
PS Ratio THR : 3.20 GTES : 1.70
PB Ratio THR : 3.09 GTES : 1.76
Total Revenue (TTM) THR : $522.01M GTES : $3.44B
Gross Profit (TTM) THR : $237.20M GTES : $1.37B
EBITDA (TTM) THR : $78.32M GTES : $694.00M

Returns By Period

In the year-to-date period, THR achieves a 35.63% return, which is significantly higher than GTES's 5.31% return.

THR

• 1D: 2.88%
• 1M: -0.75%
• YTD: 35.63%
• 6M: 88.62%
• 1Y: 80.97%
• 3Y*: 26.46%
• 5Y*: 21.11%
• 10Y*: 11.08%

GTES

• 1D: 7.46%
• 1M: -17.99%
• YTD: 5.31%
• 6M: -8.90%
• 1Y: 22.81%
• 3Y*: 17.63%
• 5Y*: 6.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

THR vs. GTES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

THR

THR Risk / Return Rank: 87
THR Sharpe Ratio Rank: 90
THR Sortino Ratio Rank: 86
THR Omega Ratio Rank: 84
THR Calmar Ratio Rank: 89
THR Martin Ratio Rank: 85

GTES

GTES Risk / Return Rank: 60
GTES Sharpe Ratio Rank: 62
GTES Sortino Ratio Rank: 57
GTES Omega Ratio Rank: 57
GTES Calmar Ratio Rank: 62
GTES Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.95	0.56	+1.39
Sortino ratio Return per unit of downside risk	2.46	1.04	+1.42
Omega ratio Gain probability vs. loss probability	1.32	1.14	+0.18
Calmar ratio Return relative to maximum drawdown	3.69	0.91	+2.78
Martin ratio Return relative to average drawdown	8.04	2.28	+5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THR vs. GTES - Sharpe Ratio Comparison

The current THR Sharpe Ratio is 1.95, which is higher than the GTES Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of THR and GTES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	THR	GTES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	0.56	+1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.20	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.06	+0.21

Correlation

The correlation between THR and GTES is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

THR vs. GTES - Dividend Comparison

Neither THR nor GTES has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	THR	GTES	Difference
Max Drawdown Largest peak-to-trough decline	-65.24%	-70.06%	+4.82%
Max Drawdown (1Y) Largest decline over 1 year	-21.01%	-24.99%	+3.98%
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 Drawdown Current decline from peak	-5.88%	-19.39%	+13.51%
Average Drawdown Average peak-to-trough decline	-22.27%	-27.16%	+4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	9.97%	-0.33%

Volatility

THR vs. GTES - Volatility Comparison

Thermon Group Holdings, Inc. (THR) and Gates Industrial Corporation plc (GTES) have volatilities of 14.53% and 14.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THR	GTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.53%	14.92%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	29.07%	28.62%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	41.72%	40.61%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.43%	33.75%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.45%	40.30%	-1.85%

Financials

THR vs. GTES - Profitability Comparison

The chart below illustrates the profitability comparison between Thermon Group Holdings, Inc. and Gates Industrial Corporation plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

THR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Thermon Group Holdings, Inc. reported a gross profit of 68.65M and revenue of 147.31M. Therefore, the gross margin over that period was 46.6%.

GTES - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Gates Industrial Corporation plc reported a gross profit of 325.30M and revenue of 856.20M. Therefore, the gross margin over that period was 38.0%.

THR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Thermon Group Holdings, Inc. reported an operating income of 26.65M and revenue of 147.31M, resulting in an operating margin of 18.1%.

GTES - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Gates Industrial Corporation plc reported an operating income of 109.40M and revenue of 856.20M, resulting in an operating margin of 12.8%.

THR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Thermon Group Holdings, Inc. reported a net income of 18.29M and revenue of 147.31M, resulting in a net margin of 12.4%.

GTES - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Gates Industrial Corporation plc reported a net income of 51.30M and revenue of 856.20M, resulting in a net margin of 6.0%.