Tennant (TNC) Gross Margin (2010 - 2026)
Tennant's (TNC) quarterly Gross Margin came in at 38.13% in Q1 2026, down 325.0% YoY from 16.95% in Q1 2025, and up 10.32% on a QoQ basis from 34.57% in Q4 2025.
Tennant (TNC) Gross Margin (2010 - 2026) Analysis & Trends
Tennant (TNC) has 17 years of Gross Margin data on file, last reported at 38.13% in Q1 2026.
- Quarterly Gross Margin fell 325.0% year-over-year to 38.13% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 39.45% (down 262.0% YoY) and the FY2025 annual result came in at 40.24%, down 250.0% from the prior year.
- Gross Margin climbed to 38.13% in Q1 2026, from 34.57% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 44.21% in Q1 2024 to a low of 34.57% in Q4 2025.
- A 5-year average of 40.8% and a median of 41.38% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 550 bps — and 2025, when it plunged 678 bps.
- Tracing TNC's Gross Margin over 5 years: stood at 39.59% in 2022, then climbed by 6 bps to 42.0% in 2023, then dropped by 2 bps to 41.35% in 2024, then declined by 16 bps to 34.57% in 2025, then grew by 10 bps to 38.13% in 2026.
- The last three Gross Margin figures came in at 38.13% (Q1 2026), 34.57% (Q4 2025), and 42.66% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 257.78 Bn | 244.66 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 163.30 Bn | 162.60 Bn | 2.86 Bn | 33.47% |
| 3 | Parker-Hannifin | 126.87 Bn | 126.39 Bn | 2.02 Bn | 36.77% |
| 4 | Emerson Electric | 87.00 Bn | 84.82 Bn | 2.66 Bn | 54.48% |
| 5 | Cummins | 82.04 Bn | 77.37 Bn | 2.47 Bn | 26.07% |
| 6 | Illinois Tool Works | 80.84 Bn | 80.01 Bn | 1.90 Bn | 44.13% |
| 7 | Ametek | 55.03 Bn | 54.53 Bn | 735.04 Mn | 35.95% |
| 8 | Rockwell Automation | 48.34 Bn | 47.86 Bn | 1.14 Bn | 49.46% |
| 9 | Ingersoll Rand | 31.46 Bn | 30.29 Bn | 862.60 Mn | 42.10% |
| 10 | Tennant | 1.17 Bn | 1.09 Bn | 127.90 Mn | 39.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 40.15% |