Tennant (TNC) Research & Development (2009 - 2026)
Tennant (TNC) posted Research & Development of $12.4 million for Q3 2026, up 18.1% from $10.5 million a year earlier but down 0.8% from the prior quarter.
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Analysis
Tennant (TNC) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Tennant was $46.7 million, up 11.2% 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%).
- Quarterly Research & Development has run from a low of $7.6 million in Q4 2022 to a high of $12.5 million in Q2 2026 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last three quarters, with growth averaging 5.6% over the last eight quarters.
- 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 $12.5 million (Q2 2026), $10.6 million (Q1 2026) and $11.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 596.00 Mn |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | - |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 238.00 Mn |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | - |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 304.00 Mn |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | - |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | - |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | - |
| 10 | Tennant | 1.29 Bn | 949.97 Mn | 136.30 Mn | 12.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.40 Mn |
| 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 |
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();