Trutankless Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Trutankless Inc (BOLC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Trutankless Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 2M vs 507,438M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.8% annualized vs trailing 12 months), vs accelerating (+6.1%) for its tracked peer group.
- Growth: Trutankless Inc generated 470.3% revenue growth year over year in Q2 2026, vs 8.3% for its tracked competitors combined.
- Profitability: Its -638.3% net margin compares with 25.3% for the peer group.
- Peer revenue share: Trutankless Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BOLC Sales vs. its Competitors, Q2 2026
Trutankless Inc reported revenue growth of 470.30 % year on year in Q2 2026, above its competitors' combined revenue growth of 8.30 %.
With a net margin of -638.27 %, Trutankless Inc reported lower profitability than its competitors (25.28 %).
Trutankless Inc generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Trutankless Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Trutankless Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Trutankless Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Trutankless Inc's competitor groups requires a Commercial License.
For context: the Appliance & Tool industry grew revenue 7.8% year over year, combined, vs 470.3% for Trutankless Inc. Trutankless Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Trutankless Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Trutankless Inc | No | Yes | Yes | No |
| Competitors combined (11) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 75.00 % (6 of 8) | 75.00 % (6 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BOLC Stock Performance relative to its Competitors
BOLC Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Emerson Electric Co | 282.9% | Outperformed |
| 2 | Emcor Group Inc | 282.9% | Outperformed |
| 3 | Dover Corp | 282.9% | Outperformed |
| 4 | Trane Technologies Plc | 282.9% | Outperformed |
| 5 | Honeywell International Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Trutankless Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Trutankless Inc's Comment on Competition and Industry Peers
Most of the companies with which we compete have substantially greater financial, technical, manufacturing, marketing, sales and distribution and other resources than us. If a competitor enters the tankless water heater industry and establishes a greater market share in the direct-selling channel, our business and operating results will be adversely affected.
Publicly Traded Peers of Trutankless Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Trutankless Inc | 69.66 | 2.04 |
| Trane Technologies Plc | 100,583.35 | 22,209.90 |
| Emerson Electric Co | 89,433.73 | 18,637.00 |
| Honeywell International Inc | 67,390.27 | 36,130.00 |
| Emcor Group Inc | 34,106.13 | 18,598.34 |
| Dover Corp | 25,955.69 | 8,420.56 |
| SUBTOTAL | 332,112.81 | 509,616.11 |
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Sources: Trutankless Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Trutankless Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Trutankless Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Emerson Electric Co | Safety and Productivity 11.33 % |
| Dover Corp | Clean Energy & Fueling 27.17 % |
| A O Smith Corporation | North America 79.75 % |
| Franklin Electric Co Inc | Consolidated 99.99 % |
| Whirlpool Corp | Major Domestic Appliances, North America 68.47 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Trutankless Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Trutankless Inc | 70 | - | - |
| Trane Technologies Plc | 100,583 | 504,770 | 67,557 |
| Emerson Electric Co | 89,434 | 255,301 | 35,329 |
| Honeywell International Inc | 67,390 | 357,723 | 81,356 |
| Emcor Group Inc | 34,106 | 422,690 | 32,708 |
| Dover Corp | 25,956 | 350,857 | 90,018 |
| PEERS TOTAL | 332,043 | 695,306 | 142,277 |
Trutankless Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Trane Technologies Plc | Americas 80.46 % |
| Dover Corp | United States 55.59 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Trutankless Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 6 companies in Trutankless Inc's industry classification, broader than the peer set above. Market cap in millions of $.Trutankless Inc ranks #0 of 6 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,930, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Sharkninja Inc | 25,397 | 56.31 % |
| 2 | The Toro Company | 9,266 | 20.54 % |
| 3 | A O Smith Corporation | 1,234 | 5.2% |
| 4 | Whirlpool Corp | 1,234 | 5.2% |
| 5 | Viomi Technology Co Ltd | 1,234 | 5.2% |
| 6 | Traeger Inc | 1,234 | 5.2% |
| 0 | Trutankless Inc | 67 | 0.00 % |
Market cap and industry share for the rest of Trutankless Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2018-06-29.
Trutankless Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Appliance & Tool industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (9 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 32.62 % | 29.12 % (avg) | +3.5 pp |
| Operating Margin | -226.44 % | industry median | -233.7 pp |
| EBITDA Margin | -145.96 % | -0.43 % (avg) | -145.5 pp |
| Capital Intensity (Capex / Revenue) | - | 2.05 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Trutankless Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -38.92 % | 349.06 % | -12.96 % | -85.19 % | -70.33 % | -95.14 % | - | - |
| Operating Margin | -74.40 % | 175.19 % | -414.78 % | -4,633.65 % | -5,611.03 % | -40,128.71 % | - | -329.72 % |
| Return on Invested Capital | 11.47 % | -71.90 % | 196.77 % | 220.62 % | 43.95 % | 10.79 % | 45.08 % | 22.46 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Trutankless Inc's Strategic Group Map
Every company in Trutankless Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Trutankless Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Trutankless Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,930 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Trutankless Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Trutankless Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Trutankless Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Trutankless Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Trutankless Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 55.6 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+5.8% annualized vs trailing 12 months).
Weaknesses
- Operating margin 233.7 points below the industry median.
Opportunities
- A meaningful share of tracked competitors (36.40 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Sharkninja Inc , holding 56.31 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Trutankless Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Trutankless Inc | 0.01 | 0.25 | - |
| Trane Technologies Plc | 0.06 | 1.15 | 0.54 |
| Emerson Electric Co | 0.05 | 0.88 | 0.65 |
| Honeywell International Inc | 0.51 | 1.31 | 2.10 |
| Emcor Group Inc | 0.19 | 1.24 | - |
| Dover Corp | - | 1.91 | 0.45 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Trutankless Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Trutankless Inc | Q2 2026 | +470.3 % | - |
| Trane Technologies Plc | Q2 2026 | +10.6 % | +6.4 % |
| Emerson Electric Co | Q2 2026 | +7.0 % | +22.5 % |
| Honeywell International Inc | Q2 2026 | -6.1 % | +262.4 % |
| Emcor Group Inc | Q2 2026 | +19.8 % | +33.6 % |
| Dover Corp | Q2 2026 | +6.9 % | -50.5 % |
| PEERS TOTAL | +8.3 % | +104.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Trutankless Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Trutankless Inc | Q2 2026 | +186.4 % | - |
| Trane Technologies Plc | Q2 2026 | +14.2 % | -15.0 % |
| Emerson Electric Co | Q2 2026 | +2.7 % | +9.7 % |
| Honeywell International Inc | Q2 2026 | +7.2 % | +39.4 % |
| Emcor Group Inc | Q2 2026 | +19.1 % | +11.1 % |
| Dover Corp | Q2 2026 | +6.4 % | -21.6 % |
Trutankless Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Trutankless Inc | - | - | - |
| Trane Technologies Plc | 13.29% | 18.86% | 34.76% |
| Emerson Electric Co | 6.13% | 8.71% | 12.69% |
| Honeywell International Inc | 10.74% | 17.01% | 49.57% |
| Emcor Group Inc | 15.31% | 21.54% | 38.48% |
| Dover Corp | 15.99% | 19.97% | 28.56% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Trutankless Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Trutankless Inc | - | 34.19 |
| Trane Technologies Plc | 34.27 | 4.53 |
| Emerson Electric Co | 34.88 | 4.80 |
| Honeywell International Inc | 8.31 | 1.87 |
| Emcor Group Inc | 23.85 | 1.83 |
| Dover Corp | 23.10 | 3.08 |
| PEERS AVERAGE | 3.19 | 0.65 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.