Tennant Company (TNC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 550,000 | 544,800 | 543,000 | 539,800 | 527,800 | 512,200 | 480,900 | 447,500 | 420,900 | 406,300 | 414,800 | 423,600 | 438,000 | 449,200 | 444,800 | 420,500 | 411,300 | 418,100 | 427,300 | 457,500 |
| Revenue (ttm) | US$ in thousands | 1,286,700 | 1,269,200 | 1,258,100 | 1,248,800 | 1,243,600 | 1,223,200 | 1,181,400 | 1,139,900 | 1,092,200 | 1,077,600 | 1,086,700 | 1,085,600 | 1,090,800 | 1,087,400 | 1,077,300 | 1,012,200 | 1,001,000 | 1,022,800 | 1,041,600 | 1,127,300 |
| Gross profit margin | 42.75% | 42.92% | 43.16% | 43.23% | 42.44% | 41.87% | 40.71% | 39.26% | 38.54% | 37.70% | 38.17% | 39.02% | 40.15% | 41.31% | 41.29% | 41.54% | 41.09% | 40.88% | 41.02% | 40.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $550,000K ÷ $1,286,700K
= 42.75%
Tennant Company's gross profit margin has shown fluctuation over the years based on the provided data. The margin ranged from a low of 37.70% on September 30, 2022, to a high of 43.23% on March 31, 2024. Overall, the trend seems to be somewhat volatile, with several ups and downs in the margin percentage. It increased steadily from 39.02% on March 31, 2022, reaching a peak of 43.23% on March 31, 2024, before slightly declining to 42.75% on December 31, 2024. This indicates that Tennant Company's ability to generate profit from its core business operations has fluctuated, but there seems to be an overall positive trend in the recent quarters.
Peer comparison
Dec 31, 2024