Tennant (TNC) Tax Rate (2009 - 2026)
Tennant (TNC) reported Tax Rate of 24.71% for Q3 2026, up 1.51 percentage points from 23.20% a year earlier but down 1.50 percentage points from the prior quarter.
Tennant (TNC) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Tennant's Tax Rate came in at 26.37%, up 5.56 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 3.64% in Q4 2022 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 +10.14 percentage points over the last six quarters.
- The high point for year-over-year Tax Rate in five years was Q1 2026 (a gain of 53.94 percentage points); the low point was Q4 2022 (a drop of 28.25 percentage points).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 22.94% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 27.38% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 21.24% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 22.25% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 15.63% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 25.27% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 24.40% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 23.15% |
| 10 | Tennant | 1.29 Bn | 949.97 Mn | 136.30 Mn | 24.71% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.71% |
| 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% |
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_KEY
import 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();