Tennant (TNC) Tax Rate (2010 - 2026)
Tennant (TNC) reported Tax Rate of 26.21% for Q2 2026, up 0.21 percentage points from 26.01% a year earlier but down 51.56 percentage points from the prior quarter.
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Analysis
Tennant (TNC) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tennant's Tax Rate came in at 25.61%, up 4.13 percentage points year-over-year; for FY2025, it was 24.35%, up 4.22 percentage points from FY2024.
- Tax Rate has a five-year change of +6.35 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 20.13% in FY2024 (+8.58 pp), 11.55% in FY2023 (-5.05 pp), 16.60% in FY2022 (+4.19 pp) and 12.42% in FY2021 (-5.59 pp).
- Five-year quarterly Tax Rate spans a low of -40.91% in Q4 2023 and a high of 77.78% in Q1 2026.
- Year over year, Tax Rate has now increased in each of the last three quarters, with an average year-over-year change of +15.98 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q2 2022 (a gain of 54.34 percentage points); the low point was Q4 2023 (a drop of 44.55 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 77.78% (Q1 2026), 26.67% (Q4 2025) and 23.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | 24.54% |
| 10 | Tennant | 1.16 Bn | 800.80 Mn | 127.90 Mn | 26.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.21% |
| Mar 31, 2026 | 77.78% |
| Sep 30, 2025 | 23.20% |
| Jun 30, 2025 | 26.01% |
| Mar 31, 2025 | 23.84% |
| Sep 30, 2024 | 24.36% |
| Jun 30, 2024 | 24.39% |
| Mar 31, 2024 | 19.09% |
| Sep 30, 2023 | 23.41% |
| Jun 30, 2023 | 21.55% |
| Mar 31, 2023 | 24.06% |
| Dec 31, 2022 | 3.64% |
| Sep 30, 2022 | 21.21% |
| Jun 30, 2022 | 18.23% |
| Mar 31, 2022 | 29.93% |
| Dec 31, 2021 | 31.90% |
| Sep 30, 2021 | 3.59% |
| Mar 31, 2021 | 22.12% |
| Dec 31, 2020 | 37.50% |
| Sep 30, 2020 | 9.30% |
API Access
Tennant Tax Rate 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=tax-rate&ticker=TNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=TNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();