Tennant Co
NYSE:TNC
Gross Margin
Tennant Co
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Tennant Co
NYSE:TNC
|
1.3B USD |
43%
|
|
| JP |
I
|
Ishii Iron Works Co Ltd
TSE:6362
|
304.2T JPY |
28%
|
|
| SE |
|
Atlas Copco AB
STO:ATCO A
|
727.4B SEK |
43%
|
|
| US |
|
Parker-Hannifin Corp
NYSE:PH
|
72B USD |
36%
|
|
| US |
|
Illinois Tool Works Inc
NYSE:ITW
|
67.6B USD |
44%
|
|
| JP |
|
Mitsubishi Heavy Industries Ltd
TSE:7011
|
8.8T JPY |
21%
|
|
| US |
|
Otis Worldwide Corp
NYSE:OTIS
|
38.5B USD |
30%
|
|
| CH |
|
Schindler Holding AG
SIX:SCHP
|
29.2B CHF |
22%
|
|
| FI |
K
|
Kone Oyj
OMXH:KNEBV
|
26.4B EUR |
21%
|
|
| US |
|
Ingersoll Rand Inc
NYSE:IR
|
28.7B USD |
44%
|
|
| US |
|
Xylem Inc
NYSE:XYL
|
26.5B USD |
38%
|
Tennant Co
Glance View
Amidst the quiet hum of the industrial machinery world, Tennant Company stands out as a seasoned pioneer in the maintenance and cleaning equipment sector. Established in 1870 by George H. Tennant, the company originally crafted wood products, but transformed over the decades into a dominant force in developing innovative cleaning solutions. Headquartered in Minneapolis, Minnesota, Tennant has carved its niche by focusing on designing, manufacturing, and marketing sophisticated cleaning equipment designed to tackle the toughest environments. Their flagship products—scrubbers, sweepers, and floor-cleaning machines—are widely utilized across various industries, such as manufacturing plants, warehouses, retail outlets, and airports, underscoring their versatility and essential role in maintaining cleanliness on a grand scale. The essence of Tennant's profitability lies in its ability to deliver durable and efficient cleaning solutions. By integrating advanced technologies such as chemical-free cleaning solutions and autonomous robotics, the company captures the interest of environmentally conscious and efficiency-seeking clients worldwide. Their business model is amplified by a robust after-sales service network, including maintenance services and parts replacement, which ensures customer loyalty and repeat business. By continually investing in research and development, Tennant secures a competitive edge, allowing them to thrive in an industry where the demand for cleaner and safer public and private spaces is perpetually vital. As businesses globally acknowledge the importance of sustainable and efficient cleaning practices, Tennant Company’s expertise positions it strategically for enduring success.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Tennant Co's most recent financial statements, the company has Gross Margin of 42.8%.
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