Financials · TNC

Tennant Company (TNC) financials

For the twelve months ended Sep 30, 2026, Tennant Company reported $1.24B of revenue and $22.90M of net income.

Revenue, TTM
$1.24B
Revenue growth, YoY
-0.4%
Net income, TTM
$22.90M
Net income growth, YoY
-58.2%
Net margin
1.9%
Free cash flow, TTM
-$19.80M
EPS, diluted, TTM
$1.36
EPS growth, YoY
-53.4%
Cash
$75.30M
Total debt
$358.70M
P/E
55.32
P/S
1.03
Market cap
$1.27B
Annual revenue$1.20B
FY2016FY2025
Annual net income$43.80M
FY2016FY2025
Annual free cash flow$43.30M
FY2016FY2025

TNC revenue and earnings growth

TNC revenueQ3 2026$322.30M

Quarter YoY
+6.3%
QoQ
-0.5%
FY YoY
-6.5%
5Y CAGR
+3.8%
10Y CAGR
+4.0%

TNC revenue was $322.30M in fiscal Q3 2026 (ended Sep 30, 2026), up 6.3% from a year earlier and down 0.5% from the prior quarter. For the full fiscal 2025 it was $1.20B, down 6.5% from fiscal 2024. Compound annual growth was +3.8% over 5 years and +4.0% over 10 years. It rose in 7 of the last 10 fiscal years.

TNC net incomeQ3 2026$19.50M

Quarter YoY
+30.9%
QoQ
+156.6%
FY YoY
-47.7%
5Y CAGR
+5.4%
10Y CAGR
+3.2%

TNC net income was $19.50M in fiscal Q3 2026 (ended Sep 30, 2026), up 30.9% from a year earlier and up 156.6% from the prior quarter. For the full fiscal 2025 it was $43.80M, down 47.7% from fiscal 2024. Compound annual growth was +5.4% over 5 years and +3.2% over 10 years. It rose in 4 of the last 7 fiscal years.

TNC EPSQ3 2026$1.12

Quarter YoY
+40.0%
QoQ
+154.5%
FY YoY
-46.1%
5Y CAGR
+5.5%
10Y CAGR
+3.1%

TNC diluted EPS was $1.12 in fiscal Q3 2026 (ended Sep 30, 2026), up 40.0% from a year earlier and up 154.5% from the prior quarter. For the full fiscal 2025 it was $2.36, down 46.1% from fiscal 2024. Compound annual growth was +5.5% over 5 years and +3.1% over 10 years.

TNC free cash flowQ3 2026$5.20M

Quarter YoY
-76.7%
FY YoY
-37.1%
5Y CAGR
-16.1%
10Y CAGR
+7.8%

TNC free cash flow was $5.20M in fiscal Q3 2026 (ended Sep 30, 2026), down 76.7% from a year earlier. For the full fiscal 2025 it was $43.30M, down 37.1% from fiscal 2024. Compound annual growth was -16.1% over 5 years and +7.8% over 10 years.

Export CSV

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$1.20B$1.29B$1.24B$1.09B$1.09B$1.00B$1.14B$1.12B$1.00B$808.57M
Cost of revenue$719.20M$736.70M$715.80M$671.30M$652.80M$593.20M$675.90M$678.50M$603.30M$456.98M
Gross profit$484.30M$550.00M$527.80M$420.90M$438.00M$407.80M$461.70M$445.00M$399.80M$351.60M
Research and development$41.20M$43.80M$36.60M$31.10M$32.20M$30.10M$32.70M$30.70M$32.00M$34.74M
Selling, general and admin$374.80M$391.90M$352.60M$306.30M$321.90M$314.00M$357.20M$356.30M$334.80M$248.59M
Operating income$68.30M$114.30M$138.60M$87.20M$93.70M$63.70M$71.80M$58.00M$33.00M$68.27M
Interest expense----$7.30M$17.40M$17.80M$23.30M$25.40M$1.28M
Pre-tax income$57.90M$104.80M$123.80M$79.50M$74.10M$41.10M$54.00M$35.80M-$1.30M$66.49M
Income tax$14.10M$21.10M$14.30M$13.20M$9.20M$7.40M$8.10M$2.30M$4.90M$19.88M
Net income$43.80M$83.70M$109.50M$66.30M$64.90M$33.70M$45.80M$33.40M-$6.20M$46.61M
EPS, basic$2.38$4.46$5.92$3.58$3.51$1.84$2.53$1.86-$0.35$2.66
EPS, diluted$2.36$4.38$5.83$3.55$3.44$1.81$2.48$1.82-$0.35$2.59
Diluted shares18.6M19.1M18.8M18.7M18.8M18.6M18.5M18.3M17.7M18.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$106.40M$99.80M$117.10M$77.40M$123.60M$141.00M$74.60M$86.10M$59.00M$58.50M
Receivables$256.80M$259.10M$247.60M$251.50M$211.40M$199.90M$216.50M$208.00M$203.28M$145.30M
Inventory$198.50M$183.80M$175.90M$206.60M$160.60M$127.70M$150.10M$135.10M$127.69M$78.62M
Current assets$599.70M$576.60M$569.10M$575.30M$526.80M$493.60M$481.00M$468.60M$423.12M$297.92M
Goodwill$208.60M$185.60M$187.40M$182.00M$193.10M$207.80M$195.10M$182.70M$186.00M$21.07M
Total assets$1.27B$1.19B$1.11B$1.09B$1.06B$1.08B$1.06B$992.50M$993.98M$470.04M
Current liabilities$293.10M$292.20M$273.70M$261.60M$290.30M$254.30M$274.90M$248.90M$236.51M$132.83M
Short-term debt$400.0K$1.30M$6.40M$5.20M$4.20M$10.90M$31.30M$27.00M$30.88M$3.46M
Long-term debt$273.20M$198.20M$194.20M$295.10M$263.40M$297.60M$307.50M$328.10M$345.96M$32.73M
Total debt$273.60M$199.50M$200.60M$300.30M$267.60M$308.50M$338.80M$355.10M$376.84M$36.19M
Total liabilities$665.50M$568.00M$535.10M$613.00M$626.60M$676.50M$701.60M$676.20M$695.50M$191.49M
Shareholders' equity$601.60M$622.10M$578.30M$472.10M$435.10M$406.10M$361.30M$316.30M$298.50M$278.50M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$65.00M$89.70M$188.40M-$25.10M$69.40M$133.80M$71.90M$80.00M$54.20M$57.88M
Capital expenditures$21.70M$20.90M$22.80M$25.00M$19.40M$29.90M$38.40M$18.80M$20.40M$26.53M
Free cash flow$43.30M$68.80M$165.60M-$50.10M$50.00M$103.90M$33.50M$61.20M$33.80M$31.35M
Investing cash flow-$22.70M-$78.40M-$23.20M-$24.50M$1.70M-$29.90M-$55.60M-$16.10M-$375.30M-$40.56M
Financing cash flow-$38.70M-$25.20M-$122.60M$8.10M-$84.50M-$42.80M-$27.40M-$32.80M$319.40M-$9.56M
Dividends paid$21.90M$21.40M$20.10M$18.90M$17.50M$16.30M$16.00M$15.30M$15.00M$14.29M
Share repurchases$88.50M$19.60M$21.70M$5.00M$15.00M$0$0$0$0$12.76M
Stock-based compensation$10.40M$11.90M$11.60M$7.80M$9.50M$6.00M$11.40M$8.30M$5.90M$3.88M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-6.5%3.5%13.9%0.1%9.0%-12.0%1.3%12.0%24.1%-0.4%
Net income growth, YoY-47.7%-23.6%65.2%2.2%92.6%-26.4%37.1%--45.3%
EPS growth, YoY-46.1%-24.9%64.2%3.2%90.1%-27.0%36.3%--48.9%
Gross margin40.2%42.7%42.4%38.5%40.2%40.7%40.6%39.6%39.9%43.5%
Operating margin5.7%8.9%11.1%8.0%8.6%6.4%6.3%5.2%3.3%8.4%
Net margin3.6%6.5%8.8%6.1%5.9%3.4%4.0%3.0%-0.6%5.8%
Free cash flow margin3.6%5.3%13.3%-4.6%4.6%10.4%2.9%5.4%3.4%3.9%
Return on equity7.3%13.5%18.9%14.0%14.9%8.3%12.7%10.6%-2.1%16.7%
Return on assets3.5%7.0%9.8%6.1%6.1%3.1%4.3%3.4%-0.6%9.9%
Current ratio2.051.972.082.201.811.941.751.881.792.24
Debt to equity0.450.320.350.640.620.760.941.121.260.13

Source: XBRL data Tennant Company files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TNC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TNC$1.24B-0.4%$22.90M1.9%$1.27B
ASML€32.67B+15.6%€9.61B29.4%$583.23B
LRCX$26.13B+33.4%$8.45B32.3%$276.45B
TMO$47.35B+8.3%$7.07B14.9%$267.38B
DE$47.98B+8.0%$4.87B10.2%$186.39B
DHR$25.61B+5.5%$4.33B16.9%$165.41B
ETN$31.98B+20.1%$3.90B12.2%$139.59B
JCI$24.43B+5.1%$3.53B14.5%$85.71B
ITW$16.65B+4.8%$3.23B19.4%$81.49B

TNC FAQ

9 questions
  • What is TNC revenue?
    Tennant Company (TNC) reported $1.24B of revenue for the twelve months ended Sep 30, 2026. That is down 0.4% from the year before. Revenue for fiscal 2025 was $1.20B.
  • Is TNC profitable?
    Yes. Tennant Company earned $22.90M in net income for the twelve months ended Sep 30, 2026, a net margin of 1.9%.
  • How much cash and debt does TNC have?
    Tennant Company reported $75.30M in cash and cash equivalents and $358.70M of debt on its most recent balance sheet in SEC filings.
  • How fast is TNC revenue growing?
    Tennant Company's revenue changed -6.5% in fiscal 2025, to $1.20B. Its compound annual growth rate was +3.8% over 5 years and +4.0% over 10 years.
  • What is TNC gross margin?
    Tennant Company's gross profit was $478.60M on $1.24B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 38.7%.
  • What is TNC free cash flow?
    Tennant Company generated -$19.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$100.0K less capital expenditures.
  • What is TNC earnings per share?
    Diluted earnings per share were $1.36 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TNC last report financial results?
    The latest statements here come from Tennant Company's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this TNC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Tennant Company files with the SEC. It is provided for information only and is not investment advice.