Tennant Company (TNC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 104,800 | 121,500 | 123,900 | 126,900 | 123,800 | 126,500 | 116,400 | 96,800 | 79,500 | 66,400 | 68,900 | 55,800 | 74,100 | 66,500 | 57,100 | 67,800 | 41,100 | 51,200 | 54,900 | 53,600 |
| 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 |
| Pretax margin | 8.14% | 9.57% | 9.85% | 10.16% | 9.95% | 10.34% | 9.85% | 8.49% | 7.28% | 6.16% | 6.34% | 5.14% | 6.79% | 6.12% | 5.30% | 6.70% | 4.11% | 5.01% | 5.27% | 4.75% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $104,800K ÷ $1,286,700K
= 8.14%
The pretax margin of Tennant Company has shown fluctuations over the past few years, ranging from as low as 4.11% in December 2020 to as high as 10.34% in September 2023. Generally, the trend has been increasing, indicating an improvement in the company's ability to generate profits before accounting for taxes.
There was a notable spike in the pretax margin in the first quarter of 2024, reaching 10.16%, followed by a slight decrease in the subsequent quarter. However, this metric remained relatively stable at around 9%-10% for most of 2023 and 2024.
Overall, Tennant Company's pretax margin trend suggests an improving profitability performance, with the company becoming more efficient in managing costs and generating higher profits. However, it would be important to monitor future quarters to ensure this positive trend continues and to identify any potential challenges that may impact profitability.
Peer comparison
Dec 31, 2024