Tennant Company (TNC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 42.75% | 42.92% | 43.16% | 43.23% | 42.44% | 41.87% | 40.71% | 39.26% | 38.54% | 37.70% | 38.17% | 39.02% | 40.15% | 41.31% | 41.29% | 41.54% | 41.09% | 40.88% | 41.02% | 40.58% |
| 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% |
| 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% |
| Net profit margin | 6.51% | 8.52% | 8.76% | 9.10% | 8.81% | 8.36% | 8.04% | 7.04% | 6.07% | 4.68% | 5.18% | 4.56% | 5.95% | 5.47% | 4.61% | 5.35% | 3.37% | 4.13% | 4.33% | 4.05% |
Tennant Company's profitability ratios exhibit fluctuations over the years.
- Gross profit margin shows a declining trend from 40.58% in March 2020 to 42.75% in December 2024, with some fluctuations in between.
- Operating profit margin experienced variations but generally increased from 6.68% in March 2020 to 8.93% in December 2024, peaking at 11.23% in March 2024.
- Pretax margin displays an upward trajectory, beginning at 4.75% in March 2020 and reaching 8.14% in December 2024.
- Net profit margin also shows an increasing pattern, rising from 4.05% in March 2020 to 6.51% in December 2024, seeing steady improvement over the years.
In summary, Tennant Company's profitability ratios have seen fluctuations, but overall, there is an upward trend in operating profit, pretax margin, and net profit margin, indicating improved efficiency in managing costs and generating profits over the period analyzed.
Return on investment
| 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 return on assets (Operating ROA) | 9.65% | 10.84% | 11.64% | 12.17% | 12.45% | 12.31% | 10.57% | 8.76% | 6.92% | 7.15% | 7.26% | 6.86% | 8.83% | 8.30% | 7.68% | 7.92% | 5.88% | 7.07% | 7.62% | 6.55% |
| Return on assets (ROA) | 7.03% | 8.89% | 9.44% | 9.86% | 9.83% | 9.66% | 8.57% | 7.30% | 6.11% | 5.01% | 5.49% | 4.71% | 6.11% | 5.58% | 4.60% | 5.01% | 3.11% | 3.97% | 4.39% | 3.96% |
| Return on total capital | 18.40% | 20.36% | 21.58% | 22.53% | 23.73% | 23.61% | 22.38% | 19.60% | 15.95% | 13.66% | 13.94% | 13.33% | 18.58% | 17.29% | 16.46% | 17.78% | 13.12% | 16.20% | 18.08% | 14.61% |
| Return on equity (ROE) | 13.48% | 16.70% | 17.64% | 18.48% | 18.98% | 18.77% | 18.25% | 16.32% | 14.08% | 11.85% | 13.01% | 11.35% | 14.96% | 13.47% | 11.39% | 12.90% | 8.33% | 10.71% | 12.13% | 12.76% |
Tennant Company's profitability ratios show a positive trend over the past few years.
- Operating return on assets (Operating ROA) has fluctuated within a range of 5.88% to 12.45% from December 31, 2020, to December 31, 2024. The ratio peaked at 12.45% on December 31, 2023, indicating the company's ability to generate profits from its operating activities relative to its total assets.
- Return on assets (ROA) has shown a steady increase from 3.11% on December 31, 2020, to 9.86% on March 31, 2024. This suggests that Tennant Company has been more efficient in generating profits from its assets over time.
- Return on total capital has also followed an upward trend, ranging from 13.12% to 23.73% over the same period. This indicates the company's increasing ability to generate returns for both equity and debt holders.
- Return on equity (ROE) has shown improvement from 8.33% on December 31, 2020, to 18.98% on December 31, 2023. The ratio declined slightly to 13.48% by December 31, 2024, but it still reflects the company's capacity to generate returns for its shareholders.
Overall, Tennant Company's profitability ratios demonstrate positive performance, with increasing returns on assets, capital, and equity over the analyzed period.