Recent News
On June 24, 2026 the company announced an expansion of the Monroe Ride Solutions portfolio in Europe with a new CVSA2 variant, highlighting product development in intelligent suspension. In late June the company issued product and business updates through multiple press releases focused on Monroe and systems-protection businesses. In July 2026 regulatory filings and media roundups flagged NHTSA recall activity involving aftermarket parts tied to Tenneco-affiliated brands, noted in industry recall summaries for July. A regional subsidiary issued routine disclosures and investor notices in late May and June.
Technical Analysis
ADX at 18.17 reads as no trend; the trend strength lacks conviction, so follow-through depends on short-term momentum rather than an extended directional impulse.
DI+ shows a peak-and-reversal, which signals bearish directional pressure emerging relative to prior strength; DI- sits at 16.84 and is decreasing, which provides a countervailing, bullish directional element for near-term range behavior.
MACD stands at 0.97 with the signal line at 0.66 and the MACD trend increasing; the MACD currently trades above its signal line, a bullish momentum confirmation for the immediate session.
MRO reads positive at 33.58, indicating price sits above the model target and therefore carries potential for mean reversion pressure; treat this as a moderating factor on further upside in the short run.
RSI at 56.9 and rising indicates constructive momentum without overbought extremes, supporting continued range expansion while leaving room for further upside before hitting typical overbought thresholds.
Price trades above the 12- and 26-day EMAs and above the 20-, 50- and 200-day averages (price close $42.71; 200-day avg $33.03), signaling a bullish alignment of moving averages while the 12-day EMA itself trends higher.
Ichimoku components place price above the cloud (Senkou A/B near $37.11/$39.35 and Tenkan/Kijun at $40.64/$40.30), reinforcing short-term bullish structure with the super-trend support at $40.19 sitting below the close.
Volume at ~316k exceeded the 10-day average (~217k) but remained below the 200-day average (~344k), indicating above-short-term-average participation on recent moves but no sustained long-term volume breakout.
Fundamental Analysis
Tenneco reports $112,056,000 in EBIT and $112,056,000 in EBITDA with EBIT margin 44.30% (QoQ +22.67%, YoY +38.76%), materially above the industry peer mean (7.37%) and median (7.35%), reflecting markedly stronger operating profitability than the industry peer mean and median.
Gross margin stands at 48.36% (YoY +42.28%, QoQ +18.13%) and operating margin at 43.44% (YoY +36.07%, QoQ +18.81%), both supporting the elevated EBIT margin and indicating improved operational leverage on reported revenue of $252,963,000.
EPS came in at $2.72 versus an estimate of $2.02, an EPS surprise of +34.65%, with EPS difference of $0.70; the beat lifts near-term earnings credibility while forward EPS compresses valuation multiples (forward EPS $0.7338, forward PE 43.07).
Revenue growth YoY accelerated sharply at +197.54% while QoQ fell -27.87%, showing large year-over-year expansion tempered by quarter-to-quarter sequential moderation; asset turnover remains low at 0.0617, reflecting capital intensity relative to sales generation.
Balance-sheet metrics show total debt $2,136,109,000, debt-to-assets 50.37% (QoQ +11.36%), debt-to-equity 1.1217 (QoQ +13.42%), and debt-to-EBITDA ~19.06x, indicating elevated leverage relative to profitability despite interest coverage near 5.39x.
Free cash flow $97,181,000 and free cash flow yield ~8.43% contrast with a negative free-cash-flow growth metric in QoQ terms; operating cash flow equals $97,181,000 and cash and short-term investments total $321,416,000, supporting liquidity needs through the near term.
Valuation context: price multiples show a P/E of 14.06 and P/S of 4.56 while price-to-book about 0.61, below the industry peer mean book multiple (~1.79), producing a WMDST valuation outcome. The current valuation as determined by WMDST: under-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-21 |
| NEXT REPORT DATE: | 2026-08-20 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | $ 97.2 M | |
| Capital Expenditures | — | |
| Change In Working Capital | $ 8.3 M | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 253.0 M | |
| Forward Revenue | $ 15.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 130.6 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 143.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 122.3 M | |
| EBITDA | $ 112.1 M | |
| EBIT | $ 112.1 M | |
| Operating Income | $ 109.9 M | |
| Interest Income | $ 2.2 M | |
| Interest Expense | $ 20.8 M | |
| Net Interest Income | $ -18.59 M | |
| Income Before Tax | $ 91.3 M | |
| Tax Provision | — | |
| Tax Rate | 40.0 % | |
| Net Income | $ 88.8 M | |
| Net Income From Continuing Operations | $ 88.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.02 | |
| EPS Actual | $ 2.72 | |
| EPS Difference | $ 0.70 | |
| EPS Surprise | 34.653 % | |
| Forward EPS | $ 0.73 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.2 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 1.9 B | |
| Total Current Assets | $ 321.4 M | |
| Cash and Short-Term Investments | $ 321.4 M | |
| Cash | $ 321.4 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | $ 331.4 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 2.1 B | |
| Total Liabilities | $ 2.3 B | |
| EQUITY | ||
| Total Equity | $ 1.9 B | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 63.21 | |
| Shares Outstanding | 30.128 M | |
| Revenue Per-Share | $ 8.40 | |
| VALUATION | Market Capitalization | $ 1.2 B |
| Enterprise Value | $ 3.0 B | |
| Enterprise Multiple | 26.478 | |
| Enterprise Multiple QoQ | -7.645 % | |
| Enterprise Multiple YoY | -11.639 % | |
| Enterprise Multiple IPRWA | high: 80.419 mean: 35.21 median: 33.618 TEN: 26.478 low: -3.453 |
|
| EV/R | 11.729 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.227 | |
| Asset To Liability | 1.85 | |
| Debt To Capital | 0.529 | |
| Debt To Assets | 0.504 | |
| Debt To Assets QoQ | 11.361 % | |
| Debt To Assets YoY | 8.42 % | |
| Debt To Assets IPRWA | high: 0.671 TEN: 0.504 median: 0.266 mean: 0.261 low: 0.001 |
|
| Debt To Equity | 1.122 | |
| Debt To Equity QoQ | 13.42 % | |
| Debt To Equity YoY | 14.603 % | |
| Debt To Equity IPRWA | high: 2.674 TEN: 1.122 median: 0.743 mean: 0.736 low: -0.793 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.605 | |
| Price To Book QoQ | 30.189 % | |
| Price To Book YoY | 99.845 % | |
| Price To Book IPRWA | high: 3.198 mean: 1.793 median: 1.545 TEN: 0.605 low: -0.651 |
|
| Price To Earnings (P/E) | 14.062 | |
| Price To Earnings QoQ | -14.296 % | |
| Price To Earnings YoY | -16.544 % | |
| Price To Earnings IPRWA | high: 123.586 mean: 48.059 median: 43.33 TEN: 14.062 low: -19.007 |
|
| PE/G Ratio | 0.234 | |
| Price To Sales (P/S) | 4.555 | |
| Price To Sales QoQ | 20.397 % | |
| Price To Sales YoY | 70.025 % | |
| Price To Sales IPRWA | high: 10.738 TEN: 4.555 mean: 2.987 median: 2.805 low: 0.433 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 43.07 | |
| Forward PE/G | 0.718 | |
| Forward P/S | 73.233 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.858 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.062 | |
| Asset Turnover Ratio QoQ | 9.158 % | |
| Asset Turnover Ratio YoY | 15.618 % | |
| Asset Turnover Ratio IPRWA | high: 0.434 mean: 0.274 median: 0.269 low: 0.08 TEN: 0.062 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.9 B | |
| Net Invested Capital | — | |
| Invested Capital | $ 1.8 B | |
| Net Tangible Assets | $ 1.9 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 19.063 | |
| Cost Of Debt | 0.636 % | |
| Interest Coverage Ratio | 5.39 | |
| Interest Coverage Ratio QoQ | 43.341 % | |
| Interest Coverage Ratio YoY | 105.68 % | |
| Interest Coverage Ratio IPRWA | high: 73.957 mean: 10.904 TEN: 5.39 median: 4.202 low: -14.741 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.276 % | |
| Revenue Growth | 13.895 % | |
| Revenue Growth QoQ | -27.867 % | |
| Revenue Growth YoY | 197.537 % | |
| Revenue Growth IPRWA | high: 26.582 % TEN: 13.895 % mean: -0.549 % median: -1.3 % low: -30.152 % |
|
| Earnings Growth | 60.0 % | |
| Earnings Growth QoQ | -52.632 % | |
| Earnings Growth YoY | -59.355 % | |
| Earnings Growth IPRWA | high: 191.011 % TEN: 60.0 % mean: -3.177 % median: -8.148 % low: -83.237 % |
|
| MARGINS | ||
| Gross Margin | 48.355 % | |
| Gross Margin QoQ | 18.126 % | |
| Gross Margin YoY | 42.279 % | |
| Gross Margin IPRWA | TEN: 48.355 % high: 43.654 % mean: 19.131 % median: 18.089 % low: -16.738 % |
|
| EBIT Margin | 44.297 % | |
| EBIT Margin QoQ | 22.666 % | |
| EBIT Margin YoY | 38.762 % | |
| EBIT Margin IPRWA | TEN: 44.297 % high: 28.981 % mean: 7.372 % median: 7.354 % low: -2.19 % |
|
| Return On Sales (ROS) | 43.436 % | |
| Return On Sales QoQ | 18.807 % | |
| Return On Sales YoY | 36.065 % | |
| Return On Sales IPRWA | TEN: 43.436 % high: 18.829 % median: 8.572 % mean: 7.671 % low: 0.644 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 97.2 M | |
| Free Cash Flow Yield | 8.433 % | |
| Free Cash Flow Yield QoQ | -116.654 % | |
| Free Cash Flow Yield YoY | -14.628 % | |
| Free Cash Flow Yield IPRWA | TEN: 8.433 % high: 4.592 % median: -0.203 % mean: -0.36 % low: -16.757 % |
|
| Free Cash Growth | -122.838 % | |
| Free Cash Growth QoQ | -79.456 % | |
| Free Cash Growth YoY | 12.411 % | |
| Free Cash Growth IPRWA | high: 403.047 % mean: -108.198 % median: -109.427 % TEN: -122.838 % low: -336.701 % |
|
| Free Cash To Net Income | 1.094 | |
| Cash Flow Margin | 35.121 % | |
| Cash Flow To Earnings | 1.094 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 2.169 % | |
| Return On Assets QoQ | 46.752 % | |
| Return On Assets YoY | 112.231 % | |
| Return On Assets IPRWA | high: 3.323 % TEN: 2.169 % median: 1.137 % mean: 1.017 % low: -1.807 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.047 | |
| Return On Equity QoQ | 45.372 % | |
| Return On Equity YoY | 115.673 % | |
| Return On Equity IPRWA | high: 0.054 TEN: 0.047 median: 0.03 mean: 0.024 low: -0.083 |
|
| DuPont ROE | 4.786 % | |
| Return On Invested Capital (ROIC) | 3.705 % | |
| Return On Invested Capital QoQ | 95.205 % | |
| Return On Invested Capital YoY | 2.461 % | |
| Return On Invested Capital IPRWA | high: 7.721 % TEN: 3.705 % mean: 2.128 % median: 1.987 % low: -0.511 % |
|