Tennant (TNC) Research & Development (2010 - 2026)
Tennant (TNC) posted Research & Development of $12.5 million for Q2 2026, up 27.6% from $9.8 million a year earlier and up 17.9% from the prior quarter.
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Analysis
Tennant (TNC) Research & Development (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Tennant was $44.8 million, up 6.7% year-over-year; for FY2025, it came in at $41.2 million, down 5.9% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 6.5% (FY2020 to FY2025).
- In prior years, Tennant's Research & Development was $43.8 million in FY2024 (+19.7%), $36.6 million in FY2023 (+17.7%), $31.1 million in FY2022 (-3.4%) and $32.2 million in FY2021 (+7.0%).
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q2 2010.
- On a year-over-year basis, Research & Development increased in four of the last eight quarters, with growth averaging 5.3%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2023, with growth of 39.5%; the weakest was Q2 2025, with a decline of 12.5%.
- According to Business Quant data, Research & Development for the three prior quarters was $10.6 million (Q1 2026), $11.2 million (Q4 2025) and $10.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | - |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 227.00 Mn |
| 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 | 302.00 Mn |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | - |
| 10 | Tennant | 1.16 Bn | 800.80 Mn | 127.90 Mn | 12.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.50 Mn |
| Mar 31, 2026 | 10.60 Mn |
| Dec 31, 2025 | 11.20 Mn |
| Sep 30, 2025 | 10.50 Mn |
| Jun 30, 2025 | 9.80 Mn |
| Mar 31, 2025 | 9.70 Mn |
| Dec 31, 2024 | 12.00 Mn |
| Sep 30, 2024 | 10.50 Mn |
| Jun 30, 2024 | 11.20 Mn |
| Mar 31, 2024 | 10.10 Mn |
| Dec 31, 2023 | 10.60 Mn |
| Sep 30, 2023 | 9.10 Mn |
| Jun 30, 2023 | 9.00 Mn |
| Mar 31, 2023 | 7.90 Mn |
| Dec 31, 2022 | 7.60 Mn |
| Sep 30, 2022 | 7.90 Mn |
| Jun 30, 2022 | 7.90 Mn |
| Mar 31, 2022 | 7.70 Mn |
| Dec 31, 2021 | 8.10 Mn |
| Sep 30, 2021 | 8.40 Mn |
API Access
Tennant Research & Development 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=research-and-development&ticker=TNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=TNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();