Tennant (TNC)
Market Price (12/28/2025): $75.32 | Market Cap: $1.4 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Tennant (TNC)
Market Price (12/28/2025): $75.32Market Cap: $1.4 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6% | Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -51% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.2%, Rev Chg QQuarterly Revenue Change % is -4.0% |
| Low stock price volatilityVol 12M is 28% | Key risksTNC key risks include [1] significant organic sales declines from volume reductions in North America, Show more. | |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Process / Warehouse Automation, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6% |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Process / Warehouse Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -51% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.2%, Rev Chg QQuarterly Revenue Change % is -4.0% |
| Key risksTNC key risks include [1] significant organic sales declines from volume reductions in North America, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points for why Tennant (TNC) stock moved by -7.7% from approximately August 31, 2025, to December 27, 2025:
1. Tennant Company reported lower-than-expected Q3 2025 financial results on November 3, 2025, leading to a 6.48% stock decline the following day.
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2. The company's net sales for the third quarter of 2025 decreased by 4.0% compared to the prior year, reflecting a 5.4% organic decline.
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Stock Movement Drivers
Fundamental Drivers
The -6.0% change in TNC stock from 9/27/2025 to 12/27/2025 was primarily driven by a -8.8% change in the company's Net Income Margin (%).| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 80.23 | 75.43 | -5.98% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1253.30 | 1240.80 | -1.00% |
| Net Income Margin (%) | 4.84% | 4.42% | -8.81% |
| P/E Multiple | 24.46 | 25.21 | 3.04% |
| Shares Outstanding (Mil) | 18.51 | 18.31 | 1.05% |
| Cumulative Contribution | -5.99% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| TNC | -6.0% | |
| Market (SPY) | 4.3% | 44.5% |
| Sector (XLI) | 3.0% | 60.9% |
Fundamental Drivers
The -2.2% change in TNC stock from 6/28/2025 to 12/27/2025 was primarily driven by a -18.3% change in the company's Net Income Margin (%).| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 77.10 | 75.43 | -2.16% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1265.70 | 1240.80 | -1.97% |
| Net Income Margin (%) | 5.40% | 4.42% | -18.28% |
| P/E Multiple | 21.08 | 25.21 | 19.58% |
| Shares Outstanding (Mil) | 18.70 | 18.31 | 2.07% |
| Cumulative Contribution | -2.21% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| TNC | -2.2% | |
| Market (SPY) | 12.6% | 45.7% |
| Sector (XLI) | 7.5% | 62.1% |
Fundamental Drivers
The -5.2% change in TNC stock from 12/27/2024 to 12/27/2025 was primarily driven by a -48.1% change in the company's Net Income Margin (%).| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 79.56 | 75.43 | -5.19% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1269.20 | 1240.80 | -2.24% |
| Net Income Margin (%) | 8.52% | 4.42% | -48.15% |
| P/E Multiple | 13.84 | 25.21 | 82.09% |
| Shares Outstanding (Mil) | 18.81 | 18.31 | 2.64% |
| Cumulative Contribution | -5.26% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| TNC | -5.2% | |
| Market (SPY) | 17.0% | 56.4% |
| Sector (XLI) | 19.2% | 63.9% |
Fundamental Drivers
The 30.8% change in TNC stock from 12/28/2022 to 12/27/2025 was primarily driven by a 19.0% change in the company's P/E Multiple.| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 57.66 | 75.43 | 30.83% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1077.60 | 1240.80 | 15.14% |
| Net Income Margin (%) | 4.68% | 4.42% | -5.57% |
| P/E Multiple | 21.18 | 25.21 | 19.01% |
| Shares Outstanding (Mil) | 18.52 | 18.31 | 1.09% |
| Cumulative Contribution | 30.81% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| TNC | -16.5% | |
| Market (SPY) | 48.0% | 48.5% |
| Sector (XLI) | 41.2% | 60.5% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TNC Return | -9% | 17% | -23% | 53% | -11% | -6% | 5% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| TNC Win Rate | 58% | 42% | 42% | 67% | 42% | 50% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| TNC Max Drawdown | -37% | -3% | -31% | 0% | -12% | -16% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | TNC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -35.1% | -25.4% |
| % Gain to Breakeven | 54.0% | 34.1% |
| Time to Breakeven | 417 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.4% | 51.3% |
| Time to Breakeven | 1,232 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.9% | -19.8% |
| % Gain to Breakeven | 69.1% | 24.7% |
| Time to Breakeven | 387 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -84.3% | -56.8% |
| % Gain to Breakeven | 537.2% | 131.3% |
| Time to Breakeven | 1,443 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Tennant's stock fell -35.1% during the 2022 Inflation Shock from a high on 3/18/2022. A -35.1% loss requires a 54.0% gain to breakeven.
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AI Analysis | Feedback
Tennant is like the Dyson for commercial and industrial cleaning.
Think of it as the Ecolab for cleaning equipment and machinery.
It's the John Deere for industrial and commercial floor care.
AI Analysis | Feedback
- Floor Scrubbers: Industrial and commercial machines designed for washing and drying hard floor surfaces.
- Floor Sweepers: Equipment used to efficiently collect dust, debris, and other dry contaminants from various floor types.
- Vacuum Cleaners: Commercial and industrial vacuums for dry, wet, or wet/dry applications across diverse environments.
- Carpet Cleaners: Machines specifically engineered to deep clean and maintain carpets and upholstery.
- Floor Burnishers: High-speed machines utilized to polish and enhance the shine of hard floor surfaces.
- Cleaning Tools & Supplies: A comprehensive range of consumable products, including detergents, pads, brushes, and accessories compatible with their cleaning machines.
- Parts & Service: Comprehensive aftermarket support, including genuine replacement parts, preventative maintenance, and repair services for their equipment fleet.
AI Analysis | Feedback
Tennant Company (TNC) - Major Customers
Tennant Company (symbol: TNC) primarily sells its floor cleaning equipment, outdoor grounds maintenance equipment, parts, service, and related solutions to other companies and organizations, operating on a business-to-business (B2B) model. It does not primarily sell to individuals. As disclosed in its public filings (e.g., 10-K reports), Tennant does not have any single customer that accounts for 10% or more of its net sales. Therefore, there are no specific named "major customer companies" that can be listed as publicly significant. Instead, Tennant serves a diverse global customer base across numerous industries that require professional cleaning and maintenance solutions. The company's customers can be broadly categorized by the types of businesses they operate:- Building Service Contractors and Facility Management Companies: These companies purchase Tennant equipment to provide cleaning and maintenance services for a wide array of clients, including corporate offices, educational institutions, healthcare facilities, and public venues.
- Retail and Wholesale Businesses: Large retail chains, grocery stores, and wholesale distributors utilize Tennant machinery to maintain cleanliness and safety in their stores, distribution centers, and warehouses.
- Industrial and Manufacturing Facilities: Factories, production plants, and industrial warehouses are significant customers, using Tennant sweepers and scrubbers to manage debris, dust, and spills, contributing to a safer and more efficient operational environment.
AI Analysis | Feedback
AI Analysis | Feedback
```htmlDavid W. Huml President and Chief Executive Officer
Mr. Huml has served as Tennant Company's President and Chief Executive Officer since March 2021, following his role as Chief Operating Officer from March 2020 to March 2021. He joined Tennant in November 2014 as Senior Vice President, Global Marketing. With over 25 years of global experience, his background includes product management, marketing, operations, and business unit leadership, demonstrating capabilities in driving global growth, new product innovation, and M&A. Prior to Tennant, he was a Vice President at Pentair plc and held various marketing positions at Graco Inc. from 1992 to 2006. He has successfully launched disruptive technologies in robotic cleaning.
Fay West Senior Vice President, Chief Financial Officer
Ms. West joined Tennant Company in April 2021 as Senior Vice President and Chief Financial Officer. Before joining Tennant, she was Senior Vice President and Chief Financial Officer of SunCoke Energy, Inc. from 2014 to 2021. Her previous roles include Assistant Controller at United Continental Holdings, Inc., and various leadership positions at PepsiAmericas, Inc., such as Vice President of Accounting and Financial Reporting. She also served as Vice President and Controller of GATX Rail Company. She began her career at Arthur Andersen.
Richard H. Zay Senior Vice President, Chief Commercial Officer
Mr. Zay has been Tennant's Senior Vice President, Chief Commercial Officer since March 2021. He initially joined the company in June 2010 as Vice President, Global Marketing, progressing to Senior Vice President, Global Marketing in October 2013, and Senior Vice President of the Americas business unit in 2014. In 2018, he also took on responsibility for Tennant Research and Development. Prior to Tennant, he worked at Whirlpool Corporation from 2006 to June 2010, where he was most recently General Manager, KitchenAid Brand.
Barbara A. Balinski Senior Vice President, Chief Transformation Officer
Ms. Balinski joined Tennant in 2018 as Vice President of Engineering. In March 2021, she was promoted to Senior Vice President, Technology and Innovation, overseeing Research & Development (R&D), Marketing, and Information Technology (IT). She assumed the role of Senior Vice President, Chief Transformation Officer in May 2024. Before her tenure at Tennant, she held increasingly responsible leadership positions within the engineering team for the Integrated Business Units at Whirlpool Corporation from 2005 to 2017, including Director, Product Development.
Patrick W. Schottler Senior Vice President, Chief Marketing and Technology Officer
Mr. Schottler has served as Tennant's Senior Vice President, Chief Marketing and Technology Officer since May 2024. He joined the company in 2011 as Senior Program Manager and progressed through leadership roles in R&D and regional business development. He was named Vice President and General Manager of the Asia-Pacific Business Unit in 2017 and took responsibility for global marketing and product management functions in 2022. Before joining Tennant Company, Mr. Schottler spent over a decade at Honeywell, where he held leadership roles in product development.
```AI Analysis | Feedback
The key risks to Tennant Company's (TNC) business include:
- Macroeconomic Uncertainties and Volume Declines: Tennant operates in a global market susceptible to macroeconomic challenges such as geopolitical tensions, elevated interest rates, and foreign currency fluctuations. These factors have adversely affected the company's sales and earnings, with significant organic sales declines, particularly in its largest market, North America, due to volume reductions. This macroeconomic uncertainty translates directly into lower demand for its mechanized cleaning equipment.
- Competitive Market Pressures: The cleaning equipment industry is highly competitive, with numerous players vying for market share. This intense competition can lead to price wars, reduced margins, and a continuous need for innovation to maintain market position.
- Supply Chain and Cost Pressures: Tennant faces risks related to disruptions in the availability, quality, or increases in the cost of raw materials and components, as well as rising labor costs. Tariffs are also a concern, with management forecasting a full-year impact of $20 million for 2025. The company's reliance on sole-source vendors for certain components further heightens supply chain risks.
AI Analysis | Feedback
The accelerating market shift towards highly autonomous, AI-driven cleaning robots across the commercial and industrial sectors. While Tennant has introduced its own robotic solutions, the rapid pace of innovation from numerous new pure-play robotics companies and established competitors, combined with the increasing cost-effectiveness and advanced capabilities of these machines, poses a clear threat. This trend threatens to commoditize and significantly reduce the demand for Tennant's traditional human-operated cleaning equipment, which currently forms a substantial portion of its revenue. The shift could fundamentally alter market dynamics, value capture, and customer expectations, potentially eroding Tennant's established revenue streams and market share if its robotic offerings or business model adaptation fall behind the rapidly evolving industry landscape.
AI Analysis | Feedback
Tennant Company (TNC) operates in several addressable markets related to cleaning equipment and solutions, including floor cleaning equipment, industrial cleaning equipment, and commercial cleaning products.
Addressable Market Sizes:
- Global Mechanized Cleaning Market: This market is approximately $9 billion.
- Global Floor Cleaning Equipment Market:
- In 2023, the market was estimated at USD 12.86 billion and is projected to reach USD 22.66 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 8.5% from 2024 to 2030.
- In 2024, the market stood at USD 16.80 billion and is anticipated to grow to USD 28.14 billion by 2033, with a CAGR of 5.9% from 2025 through 2033.
- North America Floor Cleaning Equipment Market:
- This region held a 44.0% market share in 2023.
- In 2023, the market size surpassed USD 45.9 billion and is expected to grow at a CAGR of 12% through 2032.
- Europe Floor Cleaning Equipment Market:
- In 2023, Europe held a market share of 29.2%.
- In 2024, the market size was valued at USD 3.55 billion and is projected to reach USD 6.05 billion by 2033, growing at a CAGR of 6.08% during the forecast period (2025-2033).
- Global Industrial Cleaning Equipment Market:
- The market size was valued at USD 10.63 billion in 2024 and is estimated to reach USD 15.67 billion by 2033, growing at a CAGR of 4.41% during the forecast period (2025–2033).
- Another estimate places the market at USD 30.89 billion in 2024, projected to grow to USD 48.53 billion by 2035.
- United States Industrial Cleaning Equipment Market:
- The sales revenue was USD 1.79 billion in 2021, USD 2.12 billion in 2024, and is projected to reach USD 3.06 billion by 2030, with a CAGR of 4.688%.
- Europe Commercial Cleaning Equipment Market:
- Valued at USD 556.29 million in 2022, it is projected to reach USD 853.73 million by 2030, growing at a CAGR of 5.5% during the forecast period of 2023 to 2030.
- Global Commercial Cleaning Products Market:
- The market size was estimated at USD 121.29 billion in 2023 and is projected to reach USD 202.32 billion by 2030, growing at a CAGR of 7.91% from 2024 to 2030.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Tennant (TNC) over the next 2-3 years:
- New Product Launches and Innovation, especially in Autonomous Mobile Robots (AMRs): Tennant is focused on expanding its product portfolio with new and innovative cleaning solutions. This includes the introduction of new scrubbers, such as the T291 small walk-behind scrubber in North America and the T360 walk-behind scrubber, targeting various sectors like retail, healthcare, and education. The company is also heavily investing in Autonomous Mobile Robots (AMRs), with over 8,700 units deployed as of Q3 2024, and specific products like the X4 and X6 ROVR generating strong sales growth and customer interest. This innovation in AMRs and other cleaning equipment is expected to be a key growth driver.
- Strategic Pricing Actions: Tennant has demonstrated the ability to realize price increases and plans to continue leveraging disciplined pricing strategies. These pricing actions are crucial for offsetting inflationary pressures and tariff impacts, contributing to revenue growth and margin expansion.
- Expansion in Strategic Accounts and Channels: The company is pursuing global expansion efforts, including successful introductions of products like i-mop in new geographic markets such as Brazil, France, Portugal, and Spain. There is strong demand noted in the Americas, supported by effective price realization and new product launches. Acquisitions, such as TCS in Eastern Europe, have also shown strong performance and are exceeding expectations, contributing to growth.
- Organic Growth in Key Regions and Markets: Tennant anticipates organic sales growth, particularly driven by strong demand in the Americas. While some regions like APAC (specifically China and Australia) have experienced volume declines, the company is strategically shifting its focus to less competitive, higher-margin product categories in APAC and leveraging acquisitions like Gaomei in China to improve sales outlook in Asian markets. Investments in the Asia region are expected to deliver solid earnings growth in the coming years.
- Operational Efficiencies and Digital Transformation (ERP Modernization): While primarily aimed at improving operational performance, Tennant's ongoing ERP modernization journey, with go-live launches planned for 2025, is designed to support global scalability and improve operational efficiencies. This digital transformation can indirectly drive revenue growth by enhancing decision-making speed, improving the customer experience, and enabling future AI integration.
AI Analysis | Feedback
Share Repurchases
- In 2025, Tennant's Board of Directors authorized a new share repurchase program of 2,000,000 shares of common stock, in addition to approximately 580,000 shares remaining under its existing program.
- Tennant returned $41.0 million to shareholders in 2024 through dividends and share repurchases.
- In 2022, the company repurchased 79,756 shares for $5.0 million. In 2021, Tennant purchased $15.0 million of its common stock.
Share Issuance
- As of December 31, 2024, there were 1,846,357 shares available for issuance under the 2020 Plan.
- In 2021, proceeds from the issuance of common stock amounted to $5.0 million.
Outbound Investments
- In the first quarter of 2021, the company recorded a negative divestiture impact of 2.1% related to the sale of its coatings business.
- The acquisition of TCS contributed to an improvement in Adjusted EBITDA in the third quarter of 2024.
Capital Expenditures
- Tennant invested $20.9 million in capital expenditures in 2024.
- For 2025, the company anticipates capital expenditures of approximately $20 million.
- In 2021, projected capital expenditures were between $20 million and $25 million.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to TNC. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
Research & Analysis
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Peer Comparisons for Tennant
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 76.80 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 12.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 13.0% |
Price Behavior
| Market Price | $75.43 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 03/03/1992 | |
| Distance from 52W High | -14.1% | |
| 50 Days | 200 Days | |
| DMA Price | $75.40 | $77.25 |
| DMA Trend | down | down |
| Distance from DMA | 0.0% | -2.4% |
| 3M | 1YR | |
| Volatility | 24.2% | 27.7% |
| Downside Capture | 138.81 | 105.73 |
| Upside Capture | 81.11 | 83.98 |
| Correlation (SPY) | 44.6% | 56.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.87 | 0.86 | 0.96 | 1.16 | 0.80 | 0.88 |
| Up Beta | 0.31 | 0.33 | 0.84 | 1.36 | 0.74 | 0.77 |
| Down Beta | -0.76 | 0.59 | 0.61 | 0.75 | 0.72 | 0.83 |
| Up Capture | 46% | 59% | 63% | 98% | 66% | 73% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 6 | 21 | 31 | 65 | 128 | 384 |
| Down Capture | 166% | 144% | 152% | 148% | 105% | 101% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 14 | 21 | 32 | 61 | 121 | 363 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of TNC With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| TNC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -4.6% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 27.5% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.19 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 63.9% | 56.4% | -0.8% | 15.9% | 51.8% | 28.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of TNC With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| TNC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.8% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 27.4% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.11 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 64.7% | 53.0% | 5.5% | 13.8% | 47.1% | 20.9% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of TNC With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| TNC | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.2% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 31.3% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.20 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 65.1% | 57.6% | 0.3% | 21.4% | 48.8% | 14.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2025 | -5.4% | -7.1% | -6.3% |
| 8/6/2025 | -3.5% | 3.3% | 0.8% |
| 4/30/2025 | -3.7% | -1.9% | 3.5% |
| 2/18/2025 | -1.7% | -0.2% | -3.3% |
| 10/31/2024 | -5.0% | 4.9% | 1.6% |
| 8/8/2024 | -3.7% | -3.6% | -4.5% |
| 5/3/2024 | -7.5% | -7.7% | -13.0% |
| 2/22/2024 | -0.2% | 11.7% | 19.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 9 | 11 |
| # Negative | 14 | 12 | 10 |
| Median Positive | 1.2% | 4.9% | 5.2% |
| Median Negative | -3.0% | -3.1% | -5.7% |
| Max Positive | 6.6% | 11.7% | 19.8% |
| Max Negative | -7.5% | -10.4% | -36.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11042025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 2182025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2222024 | 10-K 12/31/2023 |
| 9302023 | 10312023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 4282023 | 10-Q 3/31/2023 |
| 12312022 | 2232023 | 10-K 12/31/2022 |
| 9302022 | 10272022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 4282022 | 10-Q 3/31/2022 |
| 12312021 | 2242022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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