Thermal Energy International (TSXV:TMG) FCF Margin %: 22.74% (As of Feb. 2026) — 761% Above Median


TSXV:TMG Thermal Energy International Inc TSXV:TMG
64 GF Score
Price C$0.16
GF Value C$0.24
Valuation Possible Value Trap
! 4 Warning Signs
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What is Thermal Energy International FCF Margin %?

Thermal Energy International TSXV:TMG 64 FCF Margin % is 22.74% as of Feb. 2026, which is 761% above its 10-year median of 2.64. GuruFocus rates TSXV:TMG with a GF Score™ of 64/100 and a GF Value™ of C$0.24 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 3,036 Industrial Products companies, Thermal Energy International ranks better than 54.22% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Thermal Energy International's Free Cash Flow for the three months ended in Feb. 2026 was C$2.14 Mil. Thermal Energy International's Revenue for the three months ended in Feb. 2026 was C$9.42 Mil. Therefore, Thermal Energy International's FCF Margin % for the quarter that ended in Feb. 2026 was 22.74%.

As of today, Thermal Energy International's current FCF Yield % is 3.28%.

The historical rank and industry rank for Thermal Energy International's FCF Margin % or its related term are showing as below:

TSXV:TMG' s FCF Margin % Range Over the Past 10 Years
Min: -12.53   Med: 2.64   Max: 19.4
Current: 2.69


During the past 13 years, the highest FCF Margin % of Thermal Energy International was 19.40%. The lowest was -12.53%. And the median was 2.64%.

TSXV:TMG's FCF Margin % is ranked better than
54.22% of 3036 companies
in the Industrial Products industry
Industry Median: 1.565 vs TSXV:TMG: 2.69


Thermal Energy International FCF Margin % Related Terms


Thermal Energy International FCF Margin % Historical Data

* Premium members only.

The historical data trend for Thermal Energy International's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thermal Energy International FCF Margin % Chart

Thermal Energy International Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.54 -12.53 6.29 19.40 -5.88

Thermal Energy International Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.93 -19.60 28.00 -17.93 22.74

TSXV:TMG vs VLTO, ZWS, CECO: FCF Margin % Comparison

For the Pollution & Treatment Controls subindustry, Thermal Energy International's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thermal Energy International FCF Margin % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermal Energy International's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Thermal Energy International's FCF Margin % falls into.


TSXV:TMG
64GF Score
Thermal Energy International Inc TSXV:TMG
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermal Energy International FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Thermal Energy International's FCF Margin for the fiscal year that ended in May. 2025 is calculated as

FCF Margin=Free Cash Flow (A: May. 2025 )/Revenue (A: May. 2025 )
=-1.751/29.78
=-5.88 %

Thermal Energy International's FCF Margin for the quarter that ended in Feb. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=2.143/9.424
=22.74 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 22.74% mean?
Thermal Energy International (TSXV:TMG) has a FCF Margin % of 22.74% as of Feb. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Thermal Energy International and its competitors. This is 761% above median its historical median of 2.64. According to the industry distribution chart, Thermal Energy International ranks #1390 out of 3036 companies in the Industrial Products industry, placing it in the top 45.8%.
Is Thermal Energy International's FCF Margin % too high?
Thermal Energy International's current FCF Margin % of 22.74% is 761% above median its 10-year median of 2.64. The Industrial Products industry median FCF Margin % is 1.57. Thermal Energy International's value of 22.74% is 1353% above this industry median. Based on the distribution chart, Thermal Energy International ranks #1390 out of 3036 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Thermal Energy International has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's FCF Margin % compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #1390 out of 3036 companies for FCF Margin %. This puts Thermal Energy International in the upper half of its industry. The industry median FCF Margin % is 1.57. Thermal Energy International's value of 22.74% is 1353% above this benchmark. While the company's 10-year median is 2.64 vs. the industry median of 1.57, Thermal Energy International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Industrial Products company?
The median FCF Margin % among Industrial Products companies is 1.57, based on 3,036 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thermal Energy International's current FCF Margin % of 22.74% is 1353% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Thermal Energy International and its competitors. For the Industrial Products industry, the median FCF Margin % is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current FCF Margin % is 22.74%, which is 761% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TSXV:TMG) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.24, compared to a current price of C$0.16 — trading 33.3% below its estimated fair value. The current FCF Margin % is 22.74%, which is 761% above median its 10-year median of 2.64 and 1353% above the Industrial Products industry median of 1.57. Thermal Energy International's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Thermal Energy International (TSXV:TMG), the current FCF Margin % is 22.74% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thermal Energy International (TSXV:TMG) Overvalued in 2026?

Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued. The current stock price of C$0.16 is trading 33.3% below its estimated GF Value™ of C$0.24. GuruFocus considers Thermal Energy International to be Possible Value Trap.

Key valuation signals for TSXV:TMG:

  • FCF Margin %: 22.74% (761% above median its 10-year median of 2.64)
  • GF Value™: C$0.24 vs. price of C$0.16 (33.3% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 1353% above the Industrial Products median (#1390 of 3036)

No single metric tells the full story. See the TSXV:TMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thermal Energy International Business Description

Other Exchanges TMGEF:USAEUW:Germany
Address 36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
64GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.16
Price
C$0.24
GF Value