Comparing Thermon Group (NYSE:THR) and NOVONIX (NASDAQ:NVX)

NOVONIX (NASDAQ:NVX) and Thermon Group (NYSE:THR) are both industrials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, risk, valuation, dividends and profitability.

Profitability

This table compares NOVONIX and Thermon Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NOVONIX	N/A	N/A	N/A
Thermon Group	8.31%	13.42%	8.84%

Analyst Recommendations

This is a summary of current ratings and recommmendations for NOVONIX and Thermon Group, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NOVONIX	1	0	0	0	1.00
Thermon Group	0	6	0	0	2.00

Thermon Group has a consensus target price of $57.00, suggesting a potential downside of 6.77%. Given Thermon Group’s stronger consensus rating and higher probable upside, analysts plainly believe Thermon Group is more favorable than NOVONIX.

Insider & Institutional Ownership

0.1% of NOVONIX shares are held by institutional investors. Comparatively, 99.8% of Thermon Group shares are held by institutional investors. 23.7% of NOVONIX shares are held by insiders. Comparatively, 2.5% of Thermon Group shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Valuation & Earnings

This table compares NOVONIX and Thermon Group”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NOVONIX	$5.62 million	18.06	-$92.72 million	N/A	N/A
Thermon Group	$536.26 million	3.76	$44.57 million	$1.34	45.63

Thermon Group has higher revenue and earnings than NOVONIX.

Risk and Volatility

NOVONIX has a beta of 2.56, indicating that its share price is 156% more volatile than the S&P 500. Comparatively, Thermon Group has a beta of 0.83, indicating that its share price is 17% less volatile than the S&P 500.

Summary

Thermon Group beats NOVONIX on 8 of the 11 factors compared between the two stocks.

About NOVONIX

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.

About Thermon Group

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. It offers heat tracing products, such as 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 products and services. The company also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions 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 boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, it offers project services; transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; transit heaters; and velocity heat products. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. It serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.