Trutankless (TKLS) Asset Utilization Ratio (2016 - 2026)
Trutankless (TKLS) posted Asset Utilization Ratio of 0.41 for Q2 2026, up 15.96% on a QoQ basis from 0.36 in Q1 2026, and up 93.25% year-over-year from 0.21 in Q2 2025.
Analysis
Trutankless (TKLS) Asset Utilization Ratio (2016 - 2026) Analysis & Trends
Trutankless has reported Asset Utilization Ratio for 11 years, with the latest figure at 0.41 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 93.25% year-over-year to 0.41 in Q2 2026; TTM through Jun 2026 was 0.41, a 93.25% increase from a year earlier, with the FY2025 full-year figure at 0.33, up 150.75% from the prior year.
- Asset Utilization Ratio was 0.41 for Q2 2026 at Trutankless, up from 0.36 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.44 in Q1 2022, with the low at 0.01 in Q1 2024.
- Average Asset Utilization Ratio over 5 years is 0.22, with a median of 0.22 recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: Asset Utilization Ratio slumped 96.65% in 2023, then jumped 2011.74% in 2025.
- Over 5 years, Asset Utilization Ratio stood at 0.31 in 2022, then sank by 96.65% to 0.01 in 2023, then jumped by 660.12% to 0.08 in 2024, then surged by 321.83% to 0.34 in 2025, then climbed by 22.76% to 0.41 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.41 (Q2 2026), 0.36 (Q1 2026), and 0.34 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.32 Bn | 96.02 Bn | 2.26 Bn | 0.95 |
| 2 | Johnson Controls International | 88.44 Bn | 87.84 Bn | 2.47 Bn | 0.65 |
| 3 | Comfort Systems Usa | 59.52 Bn | 57.67 Bn | 844.23 Mn | 0.51 |
| 4 | Carrier Global | 47.35 Bn | 46.33 Bn | 1.94 Bn | 0.59 |
| 5 | Lennox International | 12.64 Bn | 12.59 Bn | 539.50 Mn | 1.20 |
| 6 | Modine Manufacturing | 9.98 Bn | 9.92 Bn | - | - |
| 7 | SPX Technologies | 9.61 Bn | 9.44 Bn | 272.80 Mn | 0.63 |
| 8 | Smith A O | 7.80 Bn | 7.62 Bn | 387.80 Mn | 1.04 |
| 9 | Aaon | 6.58 Bn | 6.58 Bn | 152.49 Mn | 1.06 |
| 10 | Trutankless | 70.52 Mn | 70.37 Mn | 300,215.00 | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.36 |
| Dec 31, 2025 | 0.34 |
| Sep 30, 2025 | 0.23 |
| Jun 30, 2025 | 0.21 |
| Mar 31, 2025 | 0.20 |
| Dec 31, 2024 | 0.08 |
| Sep 30, 2024 | 0.11 |
| Jun 30, 2024 | 0.03 |
| Mar 31, 2024 | 0.01 |
| Dec 31, 2023 | 0.01 |
| Sep 30, 2023 | 0.15 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.27 |
| Dec 31, 2022 | 0.31 |
| Sep 30, 2022 | 0.26 |
| Jun 30, 2022 | 0.36 |
| Mar 31, 2022 | 0.44 |
| Dec 31, 2021 | 0.21 |
| Sep 30, 2021 | 0.19 |