Tennant Company logo

Tennant Company

TNC

NYSEIndustrialsIndustrial - Machinery

Previous close

$68.68

+$0.66 · +0.97%

Aug 21, 4:00 PM ET

TNC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

66

Undervalued

Momentum

50

Neutral

Sentiment

48

Mixed

Risk resilience

71

Moderate Risk

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Company profile

Company website

Tennant Company, a global entity operating its design, manufacturing, and marketing efforts across the Americas, Europe, the Middle East, Africa, and Asia Pacific, specializes in sophisticated floor cleaning machinery. Its comprehensive portfolio encompasses an array of floor maintenance and cleaning equipment, environmentally friendly cleaning technologies (including detergent-free solutions), aftermarket parts and consumables, equipment upkeep and repair services, specialized surface coatings, and asset management solutions. The company further extends its offerings with financial services such as leasing, rental, and financing programs, along with advanced machine-to-machine (M2M) asset oversight systems. Products are distributed under proprietary brands like Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen, as well as various private labels. These solutions are utilized across a broad spectrum of commercial and public environments, including retail establishments, distribution centers, factories, warehouses, public venues (such as arenas and stadiums), office buildings, schools, universities, hospitals, clinics, parking lots, and streets. Tennant serves a diverse clientele, including professional cleaning contractors and various businesses, through its direct sales and service teams, complemented by an extensive network of authorized distributors. Established in 1870, the company maintains its corporate headquarters in Eden Prairie, Minnesota.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US
CEO
David W. Huml
Listed since
Feb 22, 1973
Employees
4,484

Market position

Day range

Current $68.68

52-week range

Current $68.68

Open
$68.365
Previous close
$68.02
Volume
150.13K
0.7× average
Average volume
215.53K
Average daily volume
Market cap
1.17B USD
Beta
1.13
Market reference 1
50-day average
$82.7458
-17.00% below average
200-day average
$77.5926
-11.49% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.59B USD
P/E (TTM)
68.58×
P/B (TTM)
2.18×
P/S (TTM)
0.96×
EV / EBITDA
12.67×
Earnings yield
3.24%
Free cash flow yield
3.20%
Dividend yield
1.78%

Profitability & efficiency

Gross margin
38.77%
Operating margin
3.20%
Net margin
1.50%
Return on equity
7.28%
Return on assets
3.45%
Return on invested capital
5.29%

Financial health

Debt / equity
0.73×
Current ratio
2.05×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%31%15%-0%Gross margin, FY2021: 40.15%Gross margin, FY2022: 38.54%Gross margin, FY2023: 42.44%Gross margin, FY2024: 42.75%Gross margin, FY2025: 40.24%Operating margin, FY2021: 8.59%Operating margin, FY2022: 7.98%Operating margin, FY2023: 11.15%Operating margin, FY2024: 8.88%Operating margin, FY2025: 5.68%Net margin, FY2021: 5.95%Net margin, FY2022: 6.07%Net margin, FY2023: 8.81%Net margin, FY2024: 6.51%Net margin, FY2025: 3.64%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.15%. Gross margin FY2022 38.54%. Gross margin FY2023 42.44%. Gross margin FY2024 42.75%. Gross margin FY2025 40.24%. Operating margin FY2021 8.59%. Operating margin FY2022 7.98%. Operating margin FY2023 11.15%. Operating margin FY2024 8.88%. Operating margin FY2025 5.68%. Net margin FY2021 5.95%. Net margin FY2022 6.07%. Net margin FY2023 8.81%. Net margin FY2024 6.51%. Net margin FY2025 3.64%.

Income trends

Revenue

1.2B USD-6.47%

Operating income

68.3M USD-40.24%

Net income

43.8M USD-47.67%
Income trends across reported periods1.41B USD913.83M USD416.67M USD−80.49M USDRevenue, FY2021: 1.09B USDRevenue, FY2022: 1.09B USDRevenue, FY2023: 1.24B USDRevenue, FY2024: 1.29B USDRevenue, FY2025: 1.2B USDOperating income, FY2021: 93.7M USDOperating income, FY2022: 87.2M USDOperating income, FY2023: 138.6M USDOperating income, FY2024: 114.3M USDOperating income, FY2025: 68.3M USDNet income, FY2021: 64.9M USDNet income, FY2022: 66.3M USDNet income, FY2023: 109.5M USDNet income, FY2024: 83.7M USDNet income, FY2025: 43.8M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.09B USD. Revenue FY2022 1.09B USD. Revenue FY2023 1.24B USD. Revenue FY2024 1.29B USD. Revenue FY2025 1.2B USD. Operating income FY2021 93.7M USD. Operating income FY2022 87.2M USD. Operating income FY2023 138.6M USD. Operating income FY2024 114.3M USD. Operating income FY2025 68.3M USD. Net income FY2021 64.9M USD. Net income FY2022 66.3M USD. Net income FY2023 109.5M USD. Net income FY2024 83.7M USD. Net income FY2025 43.8M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.2B USD1.29B USD1.24B USD1.09B USD1.09B USD
Cost of goods sold719.2M USD736.7M USD715.8M USD671.3M USD652.8M USD
Gross profit484.3M USD550M USD527.8M USD420.9M USD438M USD
Research and development41.2M USD43.8M USD36.6M USD31.1M USD32.2M USD
Selling, general, and administrative374.8M USD391.9M USD352.6M USD306.3M USD321.9M USD
Operating expenses416M USD435.7M USD389.2M USD333.7M USD344.3M USD
Interest expense9M USD9.1M USD13.5M USD7.1M USD7.3M USD
Depreciation and amortization58.7M USD55.1M USD51.1M USD48.7M USD53.1M USD
Operating income68.3M USD114.3M USD138.6M USD87.2M USD93.7M USD
Net income43.8M USD83.7M USD109.5M USD66.3M USD64.9M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+14.07%
11 comparable reports
Latest EPS result
0.83
Estimate 1.33 · Miss by 37.59%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.81.260.730.2Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 17, 2025: actual 1.52, estimate 1.34, surprise +13.43%, Beat. Q2 2025, reported Apr 30, 2025: actual 1.12, estimate 1.38, surprise -18.84%, Miss. Q3 2025, reported Aug 6, 2025: actual 1.49, estimate 1.63, surprise -8.59%, Miss. Q4 2025, reported Nov 3, 2025: actual 1.46, estimate 1.49, surprise -2.01%, Miss. Q1 2026, reported Feb 23, 2026: actual 1.39, estimate 1.68, surprise -17.26%, Miss. Q2 2026, reported May 4, 2026: actual 0.58, estimate 0.24, surprise +141.67%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.83, estimate 1.33, surprise -37.59%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.98, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates344.19M321.46M298.74M276.01MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 17, 2025: actual 328.9M USD, estimate 323.27M USD, surprise +1.74%, Beat. Q2 2025, reported Apr 30, 2025: actual 290M USD, estimate 322.5M USD, surprise -10.08%, Miss. Q3 2025, reported Aug 6, 2025: actual 318.6M USD, estimate 327.2M USD, surprise -2.63%, Miss. Q4 2025, reported Nov 3, 2025: actual 303.3M USD, estimate 320.45M USD, surprise -5.35%, Miss. Q1 2026, reported Feb 23, 2026: actual 291.6M USD, estimate 320.45M USD, surprise -9.00%, Miss. Q2 2026, reported May 4, 2026: actual 297.9M USD, estimate 289.25M USD, surprise +2.99%, Beat. Q3 2026, reported Aug 5, 2026: actual 324M USD, estimate 329.55M USD, surprise -1.68%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 330.95M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$140

103.84% upside
Past 12 months12-month forecastHigh $140Average $140Low $140

Rating distribution

8 ratings
Strong buy00%
Buy675%
Hold225%
Sell00%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.195

2025 complete year+27.1% since 2021

2026 partial: $0.62

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 31, 2026

$0.31

Quarterly

Record Aug 31, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend May 29, 2026

$0.31

Quarterly

Record May 29, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Feb 27, 2026

$0.31

Quarterly

Record Feb 27, 2026 · Payment Mar 16, 2026

Dividend

Ex-dividend Nov 28, 2025

$0.31

Quarterly

Record Nov 28, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Aug 29, 2025

$0.295

Quarterly

Record Aug 29, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 30, 2025

$0.295

Quarterly

Record May 30, 2025 · Payment Jun 16, 2025

TNC peers

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