Tennant (TNC) Asset Utilization Ratio (2011 - 2026)

Tennant's Asset Utilization Ratio history runs 16 years deep, the most recent figure standing at 0.95 for 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 was 0.95 for Q1 2026 at Tennant, roughly flat from 0.95 in the prior quarter.
• Across five years, Asset Utilization Ratio topped out at 230.84 in Q2 2024 and bottomed at 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 sank 99.55%.
• Tennant's Asset Utilization Ratio stood at 1.05 in 2022, then increased by 9.54% to 1.14 in 2023, then slipped by 6.57% to 1.07 in 2024, then retreated by 10.9% to 0.95 in 2025, then dropped by 0.12% to 0.95 in 2026.
• Business Quant data shows TNC's Asset Utilization Ratio at 0.95 in Q1 2026, 0.95 in Q4 2025, and 0.99 in Q3 2025.