Tennant Co
NYSE:TNC
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.
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.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Tennant Co
NYSE:TNC
|
1.5B USD |
Loading...
|
|
| JP |
I
|
Ishii Iron Works Co Ltd
TSE:6362
|
304.2T JPY |
Loading...
|
|
| US |
|
Parker-Hannifin Corp
NYSE:PH
|
128B USD |
Loading...
|
|
| JP |
|
Freund Corp
TSE:6312
|
16.9T JPY |
Loading...
|
|
| JP |
|
Mitsubishi Heavy Industries Ltd
TSE:7011
|
16.2T JPY |
Loading...
|
|
| SE |
|
Atlas Copco AB
STO:ATCO A
|
949.1B SEK |
Loading...
|
|
| US |
|
Illinois Tool Works Inc
NYSE:ITW
|
85.4B USD |
Loading...
|
|
| US |
|
Barnes Group Inc
NYSE:B
|
82.8B USD |
Loading...
|
|
| SE |
|
Sandvik AB
STO:SAND
|
485.6B SEK |
Loading...
|
|
| CH |
|
Schindler Holding AG
SIX:SCHP
|
31.7B CHF |
Loading...
|
|
| JP |
|
Fanuc Corp
TSE:6954
|
6.1T JPY |
Loading...
|
Market Distribution
| Min | -24 813% |
| 30th Percentile | 28.9% |
| Median | 43% |
| 70th Percentile | 60.5% |
| Max | 10 905 714.3% |
Other Profitability Ratios
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.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for Tennant Co is 41.9%, which is below its 3-year median of 42%.
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.