Tennant (TNC) Asset Utilization Ratio (2011 - 2026)
Tennant (TNC) reported Asset Utilization Ratio of 0.95 for Q1 2026, down 10.87% on a YoY basis from 1.07 in Q1 2025, and little changed quarter-over-quarter from 0.95 in Q4 2025.
Tennant (TNC) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Tennant has reported Asset Utilization Ratio for 16 years, with the latest figure at 0.95 in Q1 2026.
- For the quarter ending Q1 2026, Asset Utilization Ratio fell 10.87% year-over-year to 0.95; the trailing twelve-month figure through Mar 2026 stood at 0.95 (down 10.87% YoY), and the FY2025 full-year result was 0.98, down 12.38% from the prior year.
- Asset Utilization Ratio for Q1 2026 stood at 0.95, roughly flat from 0.95 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 1.14 in Q4 2023, with the low at 0.95 in Q1 2026.
- Historically, Asset Utilization Ratio has averaged 1.05 across 5 years, with a median of 1.06 in 2022.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio grew 9.87% — and 2025, when it dropped 10.9%.
- Tennant's Asset Utilization Ratio stood at 1.05 in 2022, then climbed by 9.54% to 1.14 in 2023, then retreated by 6.57% to 1.07 in 2024, then declined by 10.9% to 0.95 in 2025, then decreased by 0.12% to 0.95 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.95 (Q1 2026), 0.95 (Q4 2025), and 0.99 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 0.57 |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 0.59 |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 0.69 |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 0.99 |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 0.44 |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 1.00 |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 0.47 |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 0.78 |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 0.61 |
| 10 | Tennant | 1.48 Bn | 1.39 Bn | 113.60 Mn | 0.95 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.95 |
| Dec 31, 2025 | 0.95 |
| Sep 30, 2025 | 0.99 |
| Jun 30, 2025 | 1.04 |
| Mar 31, 2025 | 1.07 |
| Dec 31, 2024 | 1.07 |
| Sep 30, 2024 | 1.06 |
| Jun 30, 2024 | 1.08 |
| Mar 31, 2024 | 1.10 |
| Dec 31, 2023 | 1.14 |
| Sep 30, 2023 | 1.13 |
| Jun 30, 2023 | 1.07 |
| Mar 31, 2023 | 1.04 |
| Dec 31, 2022 | 1.05 |
| Sep 30, 2022 | 1.06 |
| Jun 30, 2022 | 1.05 |
| Mar 31, 2022 | 1.03 |
| Dec 31, 2021 | 1.02 |
| Sep 30, 2021 | 1.01 |
| Jun 30, 2021 | 1.00 |