Tennant (TNC) Asset Utilization Ratio (2011 - 2026)
Tennant's (TNC) quarterly Asset Utilization Ratio came in at 0.95 in Q1 2026, down 10.87% YoY from 1.07 in Q1 2025, and little changed on a QoQ basis from 0.95 in Q4 2025.
Tennant (TNC) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
Tennant (TNC) has 16 years of Asset Utilization Ratio data on file, last reported at 0.95 in Q1 2026.
- Quarterly Asset Utilization Ratio fell 10.87% year-over-year to 0.95 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.95 (down 10.87% YoY) and the FY2025 annual result came in at 0.98, down 12.38% from the prior year.
- Asset Utilization Ratio steadied at 0.95 in Q1 2026, from 0.95 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 230.84 in Q2 2024 to a low of 0.95 in Q1 2026.
- A 5-year average of 14.69 and a median of 1.06 in 2022 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2024 — Asset Utilization Ratio jumped 21481.79% — and 2025, when it slumped 99.55%.
- Tracing TNC's Asset Utilization Ratio over 5 years: 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 | 256.34 Bn | 243.22 Bn | 2.36 Bn | 0.53 |
| 2 | Eaton | 164.17 Bn | 163.47 Bn | 2.86 Bn | 1.07 |
| 3 | Parker-Hannifin | 125.61 Bn | 125.13 Bn | 2.02 Bn | 0.69 |
| 4 | Emerson Electric | 87.20 Bn | 85.02 Bn | 2.66 Bn | 0.44 |
| 5 | Cummins | 81.81 Bn | 77.14 Bn | 2.47 Bn | 0.99 |
| 6 | Illinois Tool Works | 80.98 Bn | 80.14 Bn | 1.90 Bn | 1.01 |
| 7 | Ametek | 54.69 Bn | 54.19 Bn | 735.04 Mn | 0.48 |
| 8 | Rockwell Automation | 48.36 Bn | 47.88 Bn | 1.14 Bn | 0.80 |
| 9 | Ingersoll Rand | 31.75 Bn | 30.58 Bn | 862.60 Mn | 0.44 |
| 10 | Tennant | 1.17 Bn | 1.09 Bn | 127.90 Mn | 0.96 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.96 |
| 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 | 2.08 |
| Jun 30, 2024 | 230.84 |
| Mar 31, 2024 | 2.23 |
| 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 |