THR vs. WOR

Last updated Jun 4, 2026

THR (Thermon Group Holdings, Inc.) and WOR (Worthington Industries, Inc.) are both stocks. Both are in the Industrials sector — THR in Specialty Industrial Machinery, WOR in Metal Fabrication. Over the past 10 years, THR returned 11.61%/yr vs 11.13%/yr for WOR. At a 0.48 correlation, their price movements are largely independent.

Performance

THR vs. WOR - Performance Comparison

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

Returns By Period

In the year-to-date period, THR achieves a 64.53% return, which is significantly higher than WOR's 10.88% return. Both investments have delivered pretty close results over the past 10 years, with THR having a 11.61% annualized return and WOR not far behind at 11.13%.

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%

WOR

• 1D: -1.20%
• 1M: 6.83%
• YTD: 10.88%
• 6M: 3.31%
• 1Y: -3.48%
• 3Y*: 17.29%
• 5Y*: 8.53%
• 10Y*: 11.13%

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

THR vs. WOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THR Thermon Group Holdings, Inc.	64.53%	29.16%	-11.67%	62.20%	18.61%	8.32%	-41.68%	32.15%	-14.32%	23.99%
WOR Worthington Industries, Inc.	10.88%	30.29%	-29.34%	91.65%	-6.90%	8.43%	25.21%	24.08%	-19.30%	-5.48%

Correlation

The correlation between THR and WOR is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since May 6, 2011	0.48

The correlation between THR and WOR has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.

Fundamentals

Market Cap THR : $2.03B WOR : $2.80B
EPS THR : $1.34 WOR : $2.27
PE Ratio THR : 45.53 WOR : 25.07
PS Ratio THR : 3.78 WOR : 2.11
PB Ratio THR : 3.77 WOR : 2.79
Total Revenue (TTM) THR : $536.26M WOR : $1.33B
Gross Profit (TTM) THR : $243.06M WOR : $369.08M
EBITDA (TTM) THR : $89.74M WOR : $159.44M

Return for Risk

THR vs. WOR — Risk / Return Rank

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

THR

THR Risk / Return Rank: 94
THR Sharpe Ratio Rank: 94
THR Sortino Ratio Rank: 92
THR Omega Ratio Rank: 91
THR Calmar Ratio Rank: 96
THR Martin Ratio Rank: 95

WOR

WOR Risk / Return Rank: 34
WOR Sharpe Ratio Rank: 36
WOR Sortino Ratio Rank: 31
WOR Omega Ratio Rank: 31
WOR Calmar Ratio Rank: 36
WOR Martin Ratio Rank: 36

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. WOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thermon Group Holdings, Inc. (THR) and Worthington Industries, Inc. (WOR). 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	WOR	Difference
Sharpe ratio Return per unit of total volatility	3.00	-0.12	+3.12
Sortino ratio Return per unit of downside risk	3.55	0.03	+3.52
Omega ratio Gain probability vs. loss probability	1.45	1.00	+0.45
Calmar ratio Return relative to maximum drawdown	7.62	-0.12	+7.74
Martin ratio Return relative to average drawdown	19.41	-0.22	+19.63
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. WOR - Sharpe Ratio Comparison

The current THR Sharpe Ratio is 3.00, which is higher than the WOR Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of THR and WOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THR	WOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	-0.12	+3.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.22	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.28	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.23	+0.07

Drawdowns

THR vs. WOR - Drawdown Comparison

The maximum THR drawdown since its inception was -65.24%, smaller than the maximum WOR drawdown of -70.94%. Use the drawdown chart below to compare losses from any high point for THR and WOR.

Drawdown Indicators

	THR	WOR	Difference
Max Drawdown Largest peak-to-trough decline	-65.24%	-70.94%	+5.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.24%	-29.83%	+12.59%
Max Drawdown (3Y) Largest decline over 3 years	-33.86%	-42.42%	+8.56%
Max Drawdown (5Y) Largest decline over 5 years	-33.86%	-42.42%	+8.56%
Max Drawdown (10Y) Largest decline over 10 years	-63.47%	-64.53%	+1.06%
Current Drawdown Current decline from peak	-14.19%	-14.62%	+0.43%
Average Drawdown Average peak-to-trough decline	-22.06%	-20.23%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	15.95%	-9.21%

Volatility

THR vs. WOR - Volatility Comparison

Thermon Group Holdings, Inc. (THR) has a higher volatility of 19.78% compared to Worthington Industries, Inc. (WOR) at 7.44%. This indicates that THR's price experiences larger fluctuations and is considered to be riskier than WOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THR	WOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.78%	7.44%	+12.34%
Volatility (6M) Calculated over the trailing 6-month period	33.68%	20.48%	+13.20%
Volatility (1Y) Calculated over the trailing 1-year period	43.86%	28.92%	+14.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.21%	38.24%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.96%	39.97%	-1.01%

Dividends

THR vs. WOR - Dividend Comparison

THR has not paid dividends to shareholders, while WOR's dividend yield for the trailing twelve months is around 1.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
THR Thermon Group Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WOR Worthington Industries, Inc.	1.30%	1.40%	1.65%	49.97%	2.37%	1.99%	1.91%	2.23%	2.53%	1.86%	1.64%	2.46%

Financials

THR vs. WOR - Profitability Comparison

The chart below illustrates the profitability comparison between Thermon Group Holdings, Inc. and Worthington Industries, Inc. 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 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%.

WOR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Worthington Industries, Inc. reported a gross profit of 110.20M and revenue of 378.68M. Therefore, the gross margin over that period was 29.1%.

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%.

WOR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Worthington Industries, Inc. reported an operating income of 28.15M and revenue of 378.68M, resulting in an operating margin of 7.4%.

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%.

WOR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Worthington Industries, Inc. reported a net income of 45.46M and revenue of 378.68M, resulting in a net margin of 12.0%.

Frequently Asked Questions

Can I hold both THR and WOR in my portfolio?

THR and WOR have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THR or WOR?

THR has higher volatility (19.78%) compared to WOR (7.44%). In terms of maximum drawdown, THR dropped -65.24% vs WOR's -70.94%.

Which has better risk-adjusted returns?

THR currently has the higher Sharpe Ratio (3.00 vs -0.12), 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.