Tennant Company (TNC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 114,900 | 131,800 | 135,900 | 140,200 | 138,600 | 130,400 | 117,100 | 96,400 | 75,100 | 71,900 | 74,400 | 72,000 | 93,700 | 88,600 | 83,100 | 85,600 | 63,700 | 75,200 | 78,300 | 75,300 |
| 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 |
| Operating profit margin | 8.93% | 10.38% | 10.80% | 11.23% | 11.15% | 10.66% | 9.91% | 8.46% | 6.88% | 6.67% | 6.85% | 6.63% | 8.59% | 8.15% | 7.71% | 8.46% | 6.36% | 7.35% | 7.52% | 6.68% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $114,900K ÷ $1,286,700K
= 8.93%
The operating profit margin of Tennant Company has shown fluctuations over the periods analyzed. The margin started at 6.68% in March 31, 2020, increased to 8.46% by March 31, 2021, fluctuated within a range between 6.36% and 8.59% throughout 2020 and 2021, reached a low of 6.63% in March 31, 2022, and then gradually improved to 11.15% by December 31, 2023.
During the first half of 2024, the operating profit margin continued to increase, peaking at 11.23% in March 31, 2024, before experiencing a slight decline to 8.93% by December 31, 2024. Overall, Tennant Company witnessed varying levels of operating profitability over the analyzed periods, with some quarters showing significant improvements and others displaying a decrease in operating profit margin.
Peer comparison
Dec 31, 2024