Tennant (TNC) Operating Expenses (2010 - 2026)
Tennant (TNC) reported Operating Expenses of $112 million for Q2 2026, up 8.2% from $103.5 million a year earlier and up 3.0% from the prior quarter.
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Analysis
Tennant (TNC) Operating Expenses (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tennant's Operating Expenses came in at $432.8 million, down 0.6% year-over-year; for FY2025, it was $416 million, down 4.5% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 3.9% (FY2020 to FY2025).
- By year, Operating Expenses came in at $435.7 million in FY2024 (+11.9%), $389.2 million in FY2023 (+15.4%), $337.4 million in FY2022 (-4.7%) and $354.1 million in FY2021 (+2.9%).
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses since Q4 2024.
- Year over year, Operating Expenses gained in six of the last eight quarters, with growth averaging 3.6%.
- The high point for year-over-year Operating Expenses in five years was Q3 2023 (growth of 22.7%); the low point was Q4 2025 (a decline of 18.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $108.7 million (Q1 2026), $105 million (Q4 2025) and $107.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 963.40 Mn |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 10.73 Bn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 1.46 Bn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | 874.00 Mn |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | 490.50 Mn |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | 1.34 Bn |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 5.52 Bn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | - |
| 10 | Tennant | 1.16 Bn | 800.80 Mn | 127.90 Mn | 112.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 112.00 Mn |
| Mar 31, 2026 | 108.70 Mn |
| Dec 31, 2025 | 105.00 Mn |
| Sep 30, 2025 | 107.10 Mn |
| Jun 30, 2025 | 103.50 Mn |
| Mar 31, 2025 | 100.40 Mn |
| Dec 31, 2024 | 128.40 Mn |
| Sep 30, 2024 | 103.20 Mn |
| Jun 30, 2024 | 104.10 Mn |
| Mar 31, 2024 | 100.00 Mn |
| Dec 31, 2023 | 106.30 Mn |
| Sep 30, 2023 | 97.30 Mn |
| Jun 30, 2023 | 96.00 Mn |
| Mar 31, 2023 | 89.60 Mn |
| Dec 31, 2022 | 86.80 Mn |
| Sep 30, 2022 | 79.30 Mn |
| Jun 30, 2022 | 87.00 Mn |
| Mar 31, 2022 | 84.30 Mn |
| Dec 31, 2021 | 87.50 Mn |
| Sep 30, 2021 | 85.30 Mn |
API Access
Tennant Operating Expenses 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=operating-expenses&ticker=TNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=TNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();