Tennant (TNC) Operating Leases (2019 - 2026)
Tennant (TNC) reported Operating Leases of $32.4 million for Q2 2026, down 5.0% from $34.1 million a year earlier and down 4.1% from the prior quarter.
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Analysis
Tennant (TNC) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Tennant posted Operating Leases of $35.5 million, down 2.2% from FY2024.
- Operating Leases has a five-year compound annual growth rate of 4.3% (FY2020 to FY2025).
- By year, Operating Leases came in at $36.3 million in FY2024 (+32.5%), $27.4 million in FY2023 (+60.2%), $17.1 million in FY2022 (-32.7%) and $25.4 million in FY2021 (-11.5%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Leases since Q2 2024.
- Year over year, Operating Leases has now declined in each of the last four quarters, with growth averaging 19.0% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q3 2024 (growth of 88.2%); the low point was Q3 2022 (a decline of 34.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $33.8 million (Q1 2026), $35.5 million (Q4 2025) and $34.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 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 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.40 Mn |
| Mar 31, 2026 | 33.80 Mn |
| Dec 31, 2025 | 35.50 Mn |
| Sep 30, 2025 | 34.30 Mn |
| Jun 30, 2025 | 34.10 Mn |
| Mar 31, 2025 | 35.40 Mn |
| Dec 31, 2024 | 36.30 Mn |
| Sep 30, 2024 | 35.20 Mn |
| Jun 30, 2024 | 29.70 Mn |
| Mar 31, 2024 | 27.10 Mn |
| Dec 31, 2023 | 27.40 Mn |
| Sep 30, 2023 | 18.70 Mn |
| Jun 30, 2023 | 17.40 Mn |
| Mar 31, 2023 | 18.30 Mn |
| Dec 31, 2022 | 17.10 Mn |
| Sep 30, 2022 | 17.30 Mn |
| Jun 30, 2022 | 21.70 Mn |
| Mar 31, 2022 | 22.90 Mn |
| Dec 31, 2021 | 25.40 Mn |
| Sep 30, 2021 | 26.30 Mn |
API Access
Tennant Operating Leases 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-leases&ticker=TNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=TNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();