Tennant (TNC) Gross Margin (2010 - 2026)
Tennant (TNC) recorded Gross Margin of 39.48% in Q2 2026, down 2.62 percentage points from 42.09% a year earlier but up 1.34 percentage points from the prior quarter.
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Analysis
Tennant (TNC) Gross Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Tennant's Gross Margin came in at 38.77% as of Jun 30, 2026, down 3.04 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 three consecutive quarters, with an average year-over-year change of -2.23 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 38.13% (Q1 2026), 34.57% (Q4 2025) and 42.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn | 39.04% |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn | 54.48% |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn | 42.27% |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn | 37.71% |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn | 44.13% |
| 10 | Tennant | 1.11 Bn | 741.57 Mn | 127.90 Mn | 39.48% |
Historic Data
Download Data
Historic 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% |
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();