Tennant Co (TNC)
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 such as financing, rental and leasing programs, and machine-to-machine asset management solutions. In addition, the company offers robotic cleaning equipment; IRIS, an asset management solution; ec-H2O NanoClean, a detergent-free cleaning solution; and ReadySpace, a rapid-drying carpet cleaning technology. It offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. The company serves retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and others. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
- Symbol
- TNC
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Specialty Industrial Machinery
- Market cap
- $1.14B
- 52 week range
- 60.18 - 91.93
Valuation
- Share price
- $65.95 (close of 2026-09-23)
- P/E (TTM)
- 64.78x
- Price to book
- 2.13x
- Price to free cash flow
- -421.31x
- Enterprise value
- $1.45B
- Book value per share
- $31.39
Price performance
| Period | Change |
|---|
| 1 day | +0.18% |
| 5 days | -3.89% |
| 1 month | -3.97% |
| 3 months | -25.43% |
| 6 months | -0.06% |
| Year to date | -10.52% |
| 1 year | -19.24% |
| 3 years | -11.38% |
| 5 years | -10.15% |
| 10 years | +1.72% |
| All time | +1451.77% |
Profitability and growth
- Return on equity
- 7.26%
- Return on invested capital
- 6.55%
- Return on assets
- 3.45%
- Return on capital employed
- 7.00%
- Gross margin
- 40.24%
- Net margin
- 3.64%
- EBITDA margin
- 9.41%
- Revenue growth
- -6.47%
- Net income growth
- -47.67%
- Free cash flow growth
- -37.06%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -0.24%
- Current ratio
- 2.04x
- Net debt to EBITDA
- 3.26x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.20B
- Cost of revenue
- $719.20M
- Gross profit
- $484.30M
- EBITDA
- $113.30M
- Net income
- $43.80M
- Earnings per share
- $2.38
- Research and development
- $41.20M
- Shares outstanding
- 18.37M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.20B | $484.30M | $43.80M | $2.38 |
| 2024-12-31 | $1.29B | $550.00M | $83.70M | $4.46 |
| 2023-12-31 | $1.24B | $527.80M | $109.50M | $5.92 |
| 2022-12-31 | $1.09B | $420.90M | $66.30M | $3.58 |
| 2021-12-31 | $1.09B | $438.00M | $64.90M | $3.51 |
| 2020-12-31 | $1.00B | $407.80M | $33.70M | $1.84 |
| 2019-12-31 | $1.14B | $461.70M | $45.80M | $2.53 |
| 2018-12-31 | $1.12B | $445.00M | $33.40M | $1.86 |
| 2017-12-31 | $1.00B | $399.80M | $-6.20M | $-0.35 |
| 2016-12-31 | $808.57M | $351.60M | $46.61M | $2.66 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 40.24% | 3.64% | 7.26% | 6.55% |
| 2024-12-31 | 42.75% | 6.51% | 13.45% | 12.00% |
| 2023-12-31 | 42.44% | 8.81% | 18.93% | 17.67% |
| 2022-12-31 | 38.54% | 6.07% | 14.04% | 10.18% |
| 2021-12-31 | 40.15% | 5.95% | 14.92% | 13.52% |
| 2020-12-31 | 40.74% | 3.37% | 8.30% | 9.13% |
| 2019-12-31 | 40.59% | 4.03% | 12.68% | 17.44% |
| 2018-12-31 | 39.61% | 2.97% | 10.56% | 21.62% |
| 2017-12-31 | 39.86% | -0.62% | -2.08% | 10.37% |
| 2016-12-31 | 43.48% | 5.76% | 16.74% | 21.61% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $106.40M | $273.60M |
| 2024-12-31 | $99.80M | $199.50M |
| 2023-12-31 | $117.10M | $200.60M |
| 2022-12-31 | $77.40M | $300.30M |
| 2021-12-31 | $123.60M | $267.60M |
| 2020-12-31 | $141.00M | $311.60M |
| 2019-12-31 | $74.60M | - |
| 2018-12-31 | $85.61M | - |
| 2017-12-31 | $58.40M | - |
| 2016-12-31 | $58.03M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $43.30M | $10.40M |
| 2024-12-31 | $68.80M | $11.90M |
| 2023-12-31 | $165.60M | $11.60M |
| 2022-12-31 | $-50.10M | $7.80M |
| 2021-12-31 | $50.00M | $9.50M |
| 2020-12-31 | $103.90M | $6.00M |
| 2019-12-31 | $33.50M | $11.40M |
| 2018-12-31 | $61.20M | $8.30M |
| 2017-12-31 | $33.80M | $5.90M |
| 2016-12-31 | $31.35M | $3.88M |
Dividend history
- Most recent payment
- 2026-08-31
- Paid in the last twelve months
- $1.24
| Payment date | Dividend per share |
|---|
| 2026-08-31 | $0.31 |
| 2026-05-29 | $0.31 |
| 2026-02-27 | $0.31 |
| 2025-11-28 | $0.31 |
| 2025-08-29 | $0.29 |
| 2025-05-30 | $0.29 |
| 2025-02-28 | $0.29 |
| 2024-11-29 | $0.29 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
- Consensus EPS estimate
- $0.98
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $1.23 |
| 2026-05-04 | - | - |
| 2026-02-23 | - | - |
| 2025-11-03 | - | - |
| 2025-08-06 | - | - |
| 2025-04-30 | - | - |
| 2025-02-17 | - | - |
| 2024-10-31 | - | - |
Filings and sources
- Company website
- tennantco.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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