Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers manual and autonomous mechanized cleaning equipment for industrial and commercial use, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, and equipment maintenance and repair services. It also provides business solutions …
Full TNC analysis →
Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.73), demonstrating pricing resilience across cycles.
Tennant Company ranks #42 of 82
scored companies in Specialty Industrial Machinery by moat score — the top 51%.
The widest moat in the group is Graco Inc. (GGG)
at 86/100.
Moat scores for companies ranked near TNC in Specialty Industrial Machinery
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 35
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 53
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 47
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 49
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 48
· 15% of the moat score
Scale matters only when it converts into economics.
Tennant Company (TNC) scores 50 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #42 of 82 scored companies in Specialty Industrial Machinery, the top 51%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 81 companies in Specialty Industrial Machinery. Its strongest defense is Pricing Power (62/100) and its weakest is Cost Advantage (35/100).
How does Tennant Company compare with other Specialty Industrial Machinery companies?
Tennant Company ranks #42 of 82 scored companies in Specialty Industrial Machinery by moat score. The widest moat in Specialty Industrial Machinery is Graco Inc. (GGG) at 86/100. The companies ranked closest are Graham Corporation (GHM) at 50 just above it and Mirion Technologies, Inc. (MIR) at 48 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 81 companies in Specialty Industrial Machinery. The defenses are then weighted to produce the overall score out of 100.
Why is Tennant Company scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Tennant Company?
The Corporate Default template measures 6 defenses, and TNC scores: Pricing Power (62), Cost Advantage (35), Customer Stickiness (53), Capital Efficiency (47), Resilience (49), Scale & Market Position (48). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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