Tennant (TNC) Gross Margin (2009 - 2026)
Tennant (TNC) recorded Gross Margin of 42.29% in Q3 2026, down 0.37 percentage points from 42.66% a year earlier but up 2.81 percentage points from the prior quarter.
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Analysis
Tennant (TNC) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Tennant's Gross Margin came in at 38.73% as of Sep 30, 2026, down 3.14 percentage points year-over-year; for FY2025, it came in at 40.24%, down 2.50 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -0.50 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 42.75% in FY2024 (+0.30 pp), 42.44% in FY2023 (+3.90 pp), 38.54% in FY2022 (-1.62 pp) and 40.15% in FY2021 (-0.59 pp).
- Quarterly Gross Margin has ranged from 34.57% in Q4 2025 to 44.21% in Q1 2024 over the past five years.
- On a year-over-year basis, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of -2.15 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 5.50 percentage points in Q2 2023, against a drop of 6.78 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 39.48% (Q2 2026), 38.13% (Q1 2026) and 34.57% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 35.54% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 39.26% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 34.70% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 37.73% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 42.27% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 52.68% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 45.09% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 38.11% |
| 10 | Tennant | 1.29 Bn | 949.97 Mn | 136.30 Mn | 42.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 42.29% |
| Jun 30, 2026 | 39.48% |
| Mar 31, 2026 | 38.13% |
| Dec 31, 2025 | 34.57% |
| Sep 30, 2025 | 42.66% |
| Jun 30, 2025 | 42.09% |
| Mar 31, 2025 | 41.38% |
| Dec 31, 2024 | 41.35% |
| Sep 30, 2024 | 42.37% |
| Jun 30, 2024 | 43.11% |
| Mar 31, 2024 | 44.21% |
| Dec 31, 2023 | 42.00% |
| Sep 30, 2023 | 43.32% |
| Jun 30, 2023 | 43.36% |
| Mar 31, 2023 | 41.04% |
| Dec 31, 2022 | 39.59% |
| Sep 30, 2022 | 38.30% |
| Jun 30, 2022 | 37.87% |
| Mar 31, 2022 | 38.32% |
| Dec 31, 2021 | 36.40% |
API Access
Tennant Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();