Tennant Company (TNC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,700 | 109,500 | 66,300 | 64,900 | 33,700 |
| Revenue | US$ in thousands | 1,286,700 | 1,243,600 | 1,092,200 | 1,090,800 | 1,001,000 |
| Net profit margin | 6.51% | 8.81% | 6.07% | 5.95% | 3.37% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $83,700K ÷ $1,286,700K
= 6.51%
Tennant Company's net profit margin has shown a positive trend over the last five years. Starting at 3.37% on December 31, 2020, the margin increased to 5.95% by December 31, 2021, showing an improvement in profitability. The upward trajectory continued as the net profit margin reached 6.07% by December 31, 2022.
In the following year, the net profit margin experienced a significant boost, hitting 8.81% by December 31, 2023, indicating a substantial increase in profitability relative to revenue. However, in the most recent year, the net profit margin slightly decreased to 6.51% by December 31, 2024.
Overall, the trend in Tennant Company's net profit margin demonstrates a general positive direction with some fluctuations in the most recent year. This indicates that the company has managed to control its costs effectively and improve its profitability relative to its revenue over the period analyzed.
Peer comparison
Dec 31, 2024