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TNC vs. MSA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between TNC and MSA is 0.42, 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.


Performance

TNC vs. MSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tennant Company (TNC) and MSA Safety Incorporated (MSA). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TNC:

-0.89

MSA:

-0.33

Sortino Ratio

TNC:

-1.16

MSA:

-0.43

Omega Ratio

TNC:

0.87

MSA:

0.95

Calmar Ratio

TNC:

-0.58

MSA:

-0.27

Martin Ratio

TNC:

-1.25

MSA:

-0.58

Ulcer Index

TNC:

20.25%

MSA:

16.09%

Daily Std Dev

TNC:

29.26%

MSA:

23.30%

Max Drawdown

TNC:

-83.81%

MSA:

-70.32%

Current Drawdown

TNC:

-38.45%

MSA:

-17.47%

Fundamentals

Market Cap

TNC:

$1.39B

MSA:

$6.41B

EPS

TNC:

$3.57

MSA:

$7.26

PE Ratio

TNC:

20.85

MSA:

22.45

PEG Ratio

TNC:

2.01

MSA:

1.70

PS Ratio

TNC:

1.10

MSA:

3.53

PB Ratio

TNC:

2.23

MSA:

5.40

Total Revenue (TTM)

TNC:

$1.27B

MSA:

$1.82B

Gross Profit (TTM)

TNC:

$532.50M

MSA:

$858.31M

EBITDA (TTM)

TNC:

$142.50M

MSA:

$475.36M

Returns By Period

In the year-to-date period, TNC achieves a -8.04% return, which is significantly lower than MSA's -1.05% return. Over the past 10 years, TNC has underperformed MSA with an annualized return of 2.85%, while MSA has yielded a comparatively higher 15.30% annualized return.


TNC

YTD

-8.04%

1M

7.57%

6M

-15.16%

1Y

-26.51%

3Y*

7.59%

5Y*

4.46%

10Y*

2.85%

MSA

YTD

-1.05%

1M

4.95%

6M

-5.63%

1Y

-8.34%

3Y*

9.86%

5Y*

7.81%

10Y*

15.30%

*Annualized

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Tennant Company

MSA Safety Incorporated

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TNC vs. MSA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNC
The Risk-Adjusted Performance Rank of TNC is 1111
Overall Rank
The Sharpe Ratio Rank of TNC is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of TNC is 1010
Sortino Ratio Rank
The Omega Ratio Rank of TNC is 1212
Omega Ratio Rank
The Calmar Ratio Rank of TNC is 1414
Calmar Ratio Rank
The Martin Ratio Rank of TNC is 1515
Martin Ratio Rank

MSA
The Risk-Adjusted Performance Rank of MSA is 3030
Overall Rank
The Sharpe Ratio Rank of MSA is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of MSA is 2424
Sortino Ratio Rank
The Omega Ratio Rank of MSA is 2525
Omega Ratio Rank
The Calmar Ratio Rank of MSA is 3333
Calmar Ratio Rank
The Martin Ratio Rank of MSA is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TNC vs. MSA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Tennant Company (TNC) and MSA Safety Incorporated (MSA). 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.


The current TNC Sharpe Ratio is -0.89, which is lower than the MSA Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of TNC and MSA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TNC vs. MSA - Dividend Comparison

TNC's dividend yield for the trailing twelve months is around 1.57%, more than MSA's 1.26% yield.


TTM20242023202220212020201920182017201620152014
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%
MSA
MSA Safety Incorporated
1.26%1.21%1.11%1.26%1.16%1.14%1.30%1.58%1.78%1.89%2.92%2.32%

Drawdowns

TNC vs. MSA - Drawdown Comparison

The maximum TNC drawdown since its inception was -83.81%, which is greater than MSA's maximum drawdown of -70.32%. Use the drawdown chart below to compare losses from any high point for TNC and MSA.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TNC vs. MSA - Volatility Comparison

Tennant Company (TNC) has a higher volatility of 10.36% compared to MSA Safety Incorporated (MSA) at 5.02%. This indicates that TNC's price experiences larger fluctuations and is considered to be riskier than MSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Financials

TNC vs. MSA - Financials Comparison

This section allows you to compare key financial metrics between Tennant Company and MSA Safety Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


200.00M250.00M300.00M350.00M400.00M450.00M500.00M20212022202320242025
290.00M
421.34M
(TNC) Total Revenue
(MSA) Total Revenue
Values in USD except per share items

TNC vs. MSA - Profitability Comparison

The chart below illustrates the profitability comparison between Tennant Company and MSA Safety Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

36.0%38.0%40.0%42.0%44.0%46.0%48.0%20212022202320242025
41.4%
45.9%
(TNC) Gross Margin
(MSA) Gross Margin
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%.

MSA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, MSA Safety Incorporated reported a gross profit of 193.40M and revenue of 421.34M. Therefore, the gross margin over that period was 45.9%.

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%.

MSA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, MSA Safety Incorporated reported an operating income of 77.76M and revenue of 421.34M, resulting in an operating margin of 18.5%.

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%.

MSA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, MSA Safety Incorporated reported a net income of 59.61M and revenue of 421.34M, resulting in a net margin of 14.2%.