Tennant (TNC) Return on Capital Employed [ROCE] (2011 - 2026)
Tennant (TNC) recorded Return on Capital Employed [ROCE] of 4.00% in Q2 2026, down 5.45 percentage points from 9.44% a year earlier and down 1.45 percentage points from the prior quarter.
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Analysis
Tennant (TNC) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Tennant reported Return on Capital Employed [ROCE] of 7.29%, down 6.00 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of -0.49 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 13.30% in FY2024 (-3.49 pp), 16.79% in FY2023 (+6.05 pp), 10.74% in FY2022 (-1.24 pp) and 11.98% in FY2021 (+4.20 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] in data going back to Q3 2011.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for nine consecutive quarters, with an average year-over-year change of -5.06 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 7.66 percentage points in Q3 2023, against a drop of 6.01 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.45% (Q1 2026), 7.04% (Q4 2025) and 8.28% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 22.08% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 23.04% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | - |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 12.16% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 18.77% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 29.36% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 14.90% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 19.43% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 41.86% |
| 10 | Tennant | 1.15 Bn | 782.04 Mn | 127.90 Mn | 4.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.00% |
| Mar 31, 2026 | 5.45% |
| Dec 31, 2025 | 7.04% |
| Sep 30, 2025 | 8.28% |
| Jun 30, 2025 | 9.44% |
| Mar 31, 2025 | 10.39% |
| Dec 31, 2024 | 12.55% |
| Sep 30, 2024 | 14.29% |
| Jun 30, 2024 | 15.14% |
| Mar 31, 2024 | 16.08% |
| Dec 31, 2023 | 17.06% |
| Sep 30, 2023 | 16.98% |
| Jun 30, 2023 | 15.26% |
| Mar 31, 2023 | 12.98% |
| Dec 31, 2022 | 11.13% |
| Sep 30, 2022 | 9.33% |
| Jun 30, 2022 | 9.63% |
| Mar 31, 2022 | 9.12% |
| Dec 31, 2021 | 12.10% |
| Sep 30, 2021 | 11.10% |
API Access
Tennant Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=TNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=TNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();