Tennant Company (TNC)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 109,500 | 102,300 | 95,000 | 80,300 | 66,300 | 50,400 | 56,300 | 49,500 | 64,900 | 59,500 | 49,700 | 54,200 | 33,700 | 42,100 | 45,000 | 45,500 | 45,700 | 42,500 | 37,600 | 35,500 |
| Revenue (ttm) | US$ in thousands | 1,243,900 | 1,226,600 | 1,185,200 | 1,141,500 | 1,094,200 | 1,075,300 | 1,083,800 | 1,070,500 | 1,081,100 | 1,053,100 | 1,043,600 | 991,900 | 975,000 | 1,022,800 | 1,041,600 | 1,127,300 | 1,137,700 | 1,128,100 | 1,120,700 | 1,113,200 |
| Net profit margin | 8.80% | 8.34% | 8.02% | 7.03% | 6.06% | 4.69% | 5.19% | 4.62% | 6.00% | 5.65% | 4.76% | 5.46% | 3.46% | 4.12% | 4.32% | 4.04% | 4.02% | 3.77% | 3.36% | 3.19% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $109,500K ÷ $1,243,900K
= 8.80%
The net profit margin of Tennant Co. has shown a steady improvement over the past eight quarters, reflecting the company's ability to control costs and improve profitability. From Q1 2022 to Q4 2023, the net profit margin has increased from 4.56% to 8.81%.
This indicates that the company has been able to generate a higher percentage of profit from its revenue over time. The consistent upward trend in net profit margin suggests that Tennant Co. has been effective in managing its expenses and increasing its operational efficiency.
The growth in net profit margin can be a positive signal for investors, indicating that the company is becoming more profitable and potentially increasing its overall financial health. However, it would be essential to further analyze the underlying factors contributing to this improvement to ensure the sustainability of this trend.
Peer comparison
Dec 31, 2023