As of May 22, 2025, Tennant Co (TNC) reports a Gross Margin of 42.75%.
Gross Margin indicates the portion of sales revenue remaining after covering production costs, highlighting operational efficiency.
Historical Trend of Tennant Co's Gross Margin
Over recent years, Tennant Co's Gross Margin has shown a stable trend. The table below summarizes the historical values:
| Date | Gross Margin |
|---|---|
| 2024-12-31 | 42.75% |
| 2023-12-31 | 42.47% |
| 2022-12-31 | 38.56% |
| 2021-12-31 | 40.23% |
| 2020-12-31 | 40.79% |
This slight upward trend highlights how Tennant Co manages its operational efficiency and pricing power over time.
Comparing Tennant Co's Gross Margin to Peers
To better understand Tennant Co's position, it's useful to compare its Gross Margin against industry peers. Below are selected comparisons:
| Company | Gross Margin |
|---|---|
| Tennant Co (TNC) | 42.75% |
| Enerpac Tool Group Corp (EPAC) | 51.30% |
| Watts Water Technologies Inc (WTS) | 47.15% |
| Proto Labs Inc (PRLB) | 44.56% |
| Kadant Inc (KAI) | 44.25% |
| EnPro Industries Inc (NPO) | 42.41% |
Compared to its competitors, Tennant Co's Gross Margin is among the highest compared to peers, indicating superior product pricing power or cost efficiency in production.