WOR vs. THR

Last updated Jun 4, 2026

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

Performance

WOR vs. THR - Performance Comparison

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

Returns By Period

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

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%

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

WOR vs. THR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WOR Worthington Industries, Inc.	10.88%	30.29%	-29.34%	91.65%	-6.90%	8.43%	25.21%	24.08%	-19.30%	-5.48%
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%

Correlation

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

Fundamentals

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

Return for Risk

WOR vs. THR — Risk / Return Rank

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

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

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

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.

WOR vs. THR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Worthington Industries, Inc. (WOR) and Thermon Group Holdings, Inc. (THR). 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.

	WOR	THR	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	3.00	-3.12
Sortino ratio: Return per unit of downside risk	0.03	3.55	-3.52
Omega ratio: Gain probability vs. loss probability	1.00	1.45	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.12	7.62	-7.74
Martin ratio: Return relative to average drawdown	-0.22	19.41	-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.

WOR vs. THR - Sharpe Ratio Comparison

The current WOR Sharpe Ratio is -0.12, which is lower than the THR Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of WOR and THR, 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

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

Drawdowns

WOR vs. THR - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

WOR vs. THR - Volatility Comparison

The current volatility for Worthington Industries, Inc. (WOR) is 7.44%, while Thermon Group Holdings, Inc. (THR) has a volatility of 19.78%. This indicates that WOR experiences smaller price fluctuations and is considered to be less risky than THR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Dividends

WOR vs. THR - Dividend Comparison

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

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

WOR vs. THR - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.

Frequently Asked Questions

Can I hold both WOR and THR in my portfolio?

WOR and THR 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, WOR or THR?

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

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.