Tennant Company Gross Margin History
TNC / Industrials|10 years of SEC 10-K data (FY2016-FY2025)
40.2% in FY2025 with a 5-year CAGR of -0.5%. Top quartile in the Industrials sector.
Declined from 42.4% to 40.2% over the past 2 years.
Tennant Company's gross margin of 40.2% is higher than 77% of companies in the Industrials sector (FY2025). Gross Margin has fluctuated over the past 10 years, ranging from 38.5% in FY2022 to 175.9% in FY2019.
Based on SEC 10-K filings.
- 3-Year Change
- +1.7pp
- 5-Year Change
- -0.5pp
- 10-Year Change
- -
Gross Margin Trend
Top 23% in IndustrialsTop 23% of 180This company 40.2% Sector average 27.8%
▼
+44.8% above sector average
Key Insights
- In FY2025, gross margin decreased 5.9% year-over-year.
- Currently 12.4pp above the Industrials sector average.
- Peak gross margin was recorded in FY2019.
- Lowest gross margin in the period was in FY2022.
Annual Data
| Year | Gross Margin | YoY Growth |
|---|---|---|
| FY2025 | 40.2% | -5.9% |
| FY2024 | 42.8% | +0.7% |
| FY2023 | 42.4% | +10.1% |
| FY2022 | 38.5% | -4.0% |
| FY2021 | 40.2% | -1.4% |
| FY2020 | 40.7% | -76.8% |
| FY2019 | 175.9% | +344.1% |
| FY2018 | 39.6% | -0.6% |
| FY2017 | 39.9% | -8.3% |
| FY2016 | 43.5% | +1.1% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026