Tennant Company (TNC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 138,600 | 142,500 | 129,200 | 108,500 | 87,200 | 71,900 | 74,400 | 72,000 | 93,700 | 88,600 | 83,100 | 85,600 | 63,700 | 75,300 | 78,400 | 75,400 | 71,800 | 65,400 | 59,300 | 58,400 |
| 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 |
| Operating profit margin | 11.14% | 11.62% | 10.90% | 9.51% | 7.97% | 6.69% | 6.86% | 6.73% | 8.67% | 8.41% | 7.96% | 8.63% | 6.53% | 7.36% | 7.53% | 6.69% | 6.31% | 5.80% | 5.29% | 5.25% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $138,600K ÷ $1,243,900K
= 11.14%
The operating profit margin of Tennant Co. has shown an improving trend over the past eight quarters, indicating the company's ability to generate profits from its core operations. In Q4 2023, the operating profit margin reached 11.15%, which was higher than the previous quarter's margin of 11.65%. This slight decrease may be attributed to various factors such as operating expenses or changes in revenue. However, it is worth noting that the operating profit margin has been steadily increasing from 5.73% in Q1 2022 to the current level, demonstrating an overall positive trajectory. This improvement suggests that Tennant Co. has been managing its operational costs efficiently and/or increasing its revenue streams effectively over the past eight quarters.
Peer comparison
Dec 31, 2023