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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and Thermon Group Holdings, Inc. (THR). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $147.3M, roughly 1.5× Thermon Group Holdings, Inc.).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

Thermon Group Holdings, Inc. is a global provider of engineered thermal management solutions, specializing in heat tracing systems, heating cables, temperature monitoring controls, and associated installation support services. It serves core industrial segments including oil and gas, chemical processing, power generation, and food and beverage, with operating bases across North America, Europe, Asia-Pacific, and Latin America.

APWC vs THR — Head-to-Head

Bigger by revenue
APWC
APWC
1.5× larger
APWC
$225.3M
$147.3M
THR

Income Statement — Q2 FY2022 vs Q3 FY2026

Metric
APWC
APWC
THR
THR
Revenue
$225.3M
$147.3M
Net Profit
$18.3M
Gross Margin
7.9%
46.6%
Operating Margin
2.2%
18.1%
Net Margin
12.4%
Revenue YoY
9.6%
Net Profit YoY
-1.3%
EPS (diluted)
$0.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
THR
THR
Q4 25
$147.3M
Q3 25
$131.7M
Q2 25
$108.9M
Q2 22
$225.3M
Net Profit
APWC
APWC
THR
THR
Q4 25
$18.3M
Q3 25
$15.0M
Q2 25
$8.6M
Q2 22
Gross Margin
APWC
APWC
THR
THR
Q4 25
46.6%
Q3 25
46.4%
Q2 25
44.1%
Q2 22
7.9%
Operating Margin
APWC
APWC
THR
THR
Q4 25
18.1%
Q3 25
16.4%
Q2 25
10.8%
Q2 22
2.2%
Net Margin
APWC
APWC
THR
THR
Q4 25
12.4%
Q3 25
11.4%
Q2 25
7.9%
Q2 22
EPS (diluted)
APWC
APWC
THR
THR
Q4 25
$0.55
Q3 25
$0.45
Q2 25
$0.26
Q2 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
THR
THR
Cash + ST InvestmentsLiquidity on hand
$46.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$538.7M
Total Assets
$816.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
THR
THR
Q4 25
$46.9M
Q3 25
$29.7M
Q2 25
$36.5M
Q2 22
Stockholders' Equity
APWC
APWC
THR
THR
Q4 25
$538.7M
Q3 25
$515.2M
Q2 25
$509.3M
Q2 22
Total Assets
APWC
APWC
THR
THR
Q4 25
$816.7M
Q3 25
$778.2M
Q2 25
$765.3M
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
THR
THR
Operating Cash FlowLast quarter
$18.0M
Free Cash FlowOCF − Capex
$13.1M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
THR
THR
Q4 25
$18.0M
Q3 25
$7.4M
Q2 25
$10.7M
Q2 22
Free Cash Flow
APWC
APWC
THR
THR
Q4 25
$13.1M
Q3 25
$4.4M
Q2 25
$8.3M
Q2 22
FCF Margin
APWC
APWC
THR
THR
Q4 25
8.9%
Q3 25
3.3%
Q2 25
7.6%
Q2 22
Capex Intensity
APWC
APWC
THR
THR
Q4 25
3.3%
Q3 25
2.3%
Q2 25
2.2%
Q2 22
Cash Conversion
APWC
APWC
THR
THR
Q4 25
0.98×
Q3 25
0.50×
Q2 25
1.25×
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

THR
THR

Other$73.7M50%
Transferred At Point In Time$56.1M38%
Transferred Over Time$17.5M12%

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