Tennant Company (TNC)

Operating profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Operating income US$ in thousands 114,300 138,600 87,200 93,700 63,700
Revenue US$ in thousands 1,286,700 1,243,600 1,092,200 1,090,800 1,001,000
Operating profit margin 8.88% 11.15% 7.98% 8.59% 6.36%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $114,300K ÷ $1,286,700K
= 8.88%

Based on the data provided for Tennant Company's operating profit margin from December 31, 2020, to December 31, 2024, a trend analysis reveals fluctuations in the company's performance.

- In December 2020, Tennant Company had an operating profit margin of 6.36%, indicating that for every dollar of revenue generated, the company retained $0.0636 as operating profit.
- By December 2021, the operating profit margin improved to 8.59%, suggesting better operational efficiency in converting sales into profit.
- However, in December 2022, the operating profit margin decreased to 7.98%, showing a slight decline in profitability compared to the previous year.
- The trend reversed positively in December 2023, with the operating profit margin reaching 11.15%, signifying a significant improvement in profitability.
- By December 2024, Tennant Company's operating profit margin decreased to 8.88%, indicating a slight regression from the previous year's performance.

Overall, Tennant Company's operating profit margin experienced fluctuations over the years, with some years performing better than others. It is essential for the company to further analyze the factors influencing these variations to sustain and enhance profitability in the future.


Peer comparison

Dec 31, 2024