Tennant (TNC) Gross Margin (2010 - 2026)
Tennant (TNC) posted Gross Margin of 38.13% for Q1 2026, up 10.32% on a QoQ basis from 34.57% in Q4 2025, and down 325.0% year-over-year from 16.95% in Q1 2025.
Tennant (TNC) Gross Margin (2010 - 2026) Analysis & Trends
Tennant's Gross Margin history runs 17 years deep, the most recent figure standing at 38.13% for 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 was 38.13% for Q1 2026 at Tennant, up from 34.57% in the prior quarter.
- Across five years, Gross Margin topped out at 44.21% in Q1 2024 and bottomed at 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 tumbled 678 bps.
- Tennant's Gross Margin stood at 39.59% in 2022, then increased by 6 bps to 42.0% in 2023, then fell by 2 bps to 41.35% in 2024, then retreated by 16 bps to 34.57% in 2025, then rose by 10 bps to 38.13% in 2026.
- Business Quant data shows TNC's Gross Margin at 38.13% in Q1 2026, 34.57% in Q4 2025, and 42.66% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 50.25% |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 42.90% |
| 10 | Tennant | 1.55 Bn | 1.47 Bn | 113.60 Mn | 38.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 41.17% |