Thematic analysis identifies and reports patterns within data without necessarily generating a new theory, while grounded theory aims to develop a theory grounded in the data through an iterative, inductive process.
O’Callaghan, C., Dwyer, J. and Schofield, P., 2024. Thematic analysis informed by grounded theory (TAG) in healthcare research: foundations and applications. Qualitative Research in Psychology, pp.1-28.