Tennant Co
NYSE:TNC

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Tennant Co
NYSE:TNC
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Price: 82.255 USD -1.34% Market Closed
Market Cap: $1.5B

Gross Margin

41.9%
Current
Declining
by 0.1%
vs 3-y average of 42%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
41.9%
=
Gross Profit
$519.6m
/
Revenue
$1.2B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
41.9%
=
Gross Profit
$519.6m
/
Revenue
$1.2B

Peer Comparison

Country Company Market Cap Gross
Margin
US
Tennant Co
NYSE:TNC
1.5B USD
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JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY
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US
Parker-Hannifin Corp
NYSE:PH
128B USD
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JP
Freund Corp
TSE:6312
16.9T JPY
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JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.2T JPY
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SE
Atlas Copco AB
STO:ATCO A
949.1B SEK
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US
Illinois Tool Works Inc
NYSE:ITW
85.4B USD
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US
Barnes Group Inc
NYSE:B
82.8B USD
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SE
Sandvik AB
STO:SAND
485.6B SEK
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CH
Schindler Holding AG
SIX:SCHP
31.7B CHF
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JP
Fanuc Corp
TSE:6954
6.1T JPY
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Market Distribution

In line with most companies in the United States of America
Percentile
49th
Based on 12 729 companies
49th percentile
41.9%
Low
-24 813% — 28.9%
Typical Range
28.9% — 60.5%
High
60.5% — 10 905 714.3%
Distribution Statistics
the United States of America
Min -24 813%
30th Percentile 28.9%
Median 43%
70th Percentile 60.5%
Max 10 905 714.3%

Tennant Co
Glance View

Amidst the quiet hum of the industrial machinery world, Tennant Company stands out as a seasoned pioneer in the maintenance and cleaning equipment sector. Established in 1870 by George H. Tennant, the company originally crafted wood products, but transformed over the decades into a dominant force in developing innovative cleaning solutions. Headquartered in Minneapolis, Minnesota, Tennant has carved its niche by focusing on designing, manufacturing, and marketing sophisticated cleaning equipment designed to tackle the toughest environments. Their flagship products—scrubbers, sweepers, and floor-cleaning machines—are widely utilized across various industries, such as manufacturing plants, warehouses, retail outlets, and airports, underscoring their versatility and essential role in maintaining cleanliness on a grand scale. The essence of Tennant's profitability lies in its ability to deliver durable and efficient cleaning solutions. By integrating advanced technologies such as chemical-free cleaning solutions and autonomous robotics, the company captures the interest of environmentally conscious and efficiency-seeking clients worldwide. Their business model is amplified by a robust after-sales service network, including maintenance services and parts replacement, which ensures customer loyalty and repeat business. By continually investing in research and development, Tennant secures a competitive edge, allowing them to thrive in an industry where the demand for cleaner and safer public and private spaces is perpetually vital. As businesses globally acknowledge the importance of sustainable and efficient cleaning practices, Tennant Company’s expertise positions it strategically for enduring success.

TNC Intrinsic Value
HIDDEN
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What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
41.9%
=
Gross Profit
$519.6m
/
Revenue
$1.2B
What is Tennant Co's current Gross Margin?

The current Gross Margin for Tennant Co is 41.9%, which is below its 3-year median of 42%.

How has Gross Margin changed over time?

Over the last 3 years, Tennant Co’s Gross Margin has increased from 37.8% to 41.9%. During this period, it reached a low of 37.8% on Sep 30, 2022 and a high of 43.3% on Mar 31, 2024.

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