Correlation
The correlation between TNC and ETN is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
TNC vs. ETN
Compare and contrast key facts about Tennant Company (TNC) and Eaton Corporation plc (ETN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNC or ETN.
Performance
TNC vs. ETN - Performance Comparison
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Key characteristics
TNC:
-0.89
ETN:
-0.08
TNC:
-1.16
ETN:
0.12
TNC:
0.87
ETN:
1.02
TNC:
-0.58
ETN:
-0.11
TNC:
-1.25
ETN:
-0.27
TNC:
20.25%
ETN:
14.05%
TNC:
29.26%
ETN:
38.49%
TNC:
-83.81%
ETN:
-68.95%
TNC:
-38.45%
ETN:
-14.58%
Fundamentals
TNC:
$1.39B
ETN:
$127.10B
TNC:
$3.57
ETN:
$9.77
TNC:
20.85
ETN:
32.77
TNC:
2.01
ETN:
2.68
TNC:
1.10
ETN:
5.02
TNC:
2.23
ETN:
6.77
TNC:
$1.27B
ETN:
$25.31B
TNC:
$532.50M
ETN:
$9.73B
TNC:
$142.50M
ETN:
$5.80B
Returns By Period
In the year-to-date period, TNC achieves a -8.04% return, which is significantly lower than ETN's -2.83% return. Over the past 10 years, TNC has underperformed ETN with an annualized return of 2.85%, while ETN has yielded a comparatively higher 19.18% annualized return.
TNC
-8.04%
7.57%
-15.16%
-26.51%
7.59%
4.46%
2.85%
ETN
-2.83%
6.52%
-14.10%
-2.51%
34.33%
32.85%
19.18%
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Risk-Adjusted Performance
TNC vs. ETN — Risk-Adjusted Performance Rank
TNC
ETN
TNC vs. ETN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tennant Company (TNC) and Eaton Corporation plc (ETN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
TNC vs. ETN - Dividend Comparison
TNC's dividend yield for the trailing twelve months is around 1.57%, more than ETN's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNC Tennant Company | 1.57% | 1.39% | 1.16% | 1.65% | 1.16% | 1.27% | 1.13% | 1.63% | 1.16% | 1.14% | 1.42% | 1.08% |
ETN Eaton Corporation plc | 1.24% | 1.13% | 1.43% | 2.06% | 1.76% | 2.43% | 3.00% | 3.85% | 3.04% | 3.40% | 4.23% | 2.88% |
Drawdowns
TNC vs. ETN - Drawdown Comparison
The maximum TNC drawdown since its inception was -83.81%, which is greater than ETN's maximum drawdown of -68.95%. Use the drawdown chart below to compare losses from any high point for TNC and ETN.
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Volatility
TNC vs. ETN - Volatility Comparison
Tennant Company (TNC) has a higher volatility of 10.36% compared to Eaton Corporation plc (ETN) at 6.66%. This indicates that TNC's price experiences larger fluctuations and is considered to be riskier than ETN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TNC vs. ETN - Financials Comparison
This section allows you to compare key financial metrics between Tennant Company and Eaton Corporation plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TNC vs. ETN - Profitability Comparison
TNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Tennant Company reported a gross profit of 120.00M and revenue of 290.00M. Therefore, the gross margin over that period was 41.4%.
ETN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Eaton Corporation plc reported a gross profit of 2.45B and revenue of 6.38B. Therefore, the gross margin over that period was 38.4%.
TNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Tennant Company reported an operating income of 19.60M and revenue of 290.00M, resulting in an operating margin of 6.8%.
ETN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Eaton Corporation plc reported an operating income of 1.20B and revenue of 6.38B, resulting in an operating margin of 18.8%.
TNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Tennant Company reported a net income of 13.10M and revenue of 290.00M, resulting in a net margin of 4.5%.
ETN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Eaton Corporation plc reported a net income of 964.00M and revenue of 6.38B, resulting in a net margin of 15.1%.