Tennant Company (TNC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 104,800 | 123,800 | 79,500 | 74,100 | 41,100 |
| Revenue | US$ in thousands | 1,286,700 | 1,243,600 | 1,092,200 | 1,090,800 | 1,001,000 |
| Pretax margin | 8.14% | 9.95% | 7.28% | 6.79% | 4.11% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $104,800K ÷ $1,286,700K
= 8.14%
The pretax margin of Tennant Company has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 4.11% in 2020, the pretax margin increased steadily to reach 8.14% by the end of 2024. This indicates that the company has been able to effectively control its operating expenses relative to its pre-tax income over the period, resulting in an improvement in profitability before accounting for taxes. The highest pretax margin was observed in December 31, 2023, at 9.95%, demonstrating a particularly strong performance in that year. Overall, Tennant Company has shown positive financial management and operational efficiency in generating pretax profits.
Peer comparison
Dec 31, 2024