Saturday 17 October 2026
Export TNC’s income statement to Excel — free account
Tennant Company
TNC Industrials Specialty Industrial Machinery
Tennant Company’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, down 6.47% from fiscal 2024. In the quarter to June 2026, revenue grew 1.69%, EPS fell 59.1%, free cash flow fell 101.6% and total debt rose 67.9%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
65.35
0.65
−0.98%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
27.19 | 0.00 | 28.02 | 30.80 | 38.14 | 23.09 | 17.31 | 15.46 | 18.28 | 30.97 |
Piotroski F-Score |
8 | 2 | 6 | 6 | 6 | 6 | 5 | 7 | 5 | 5 |
P/S ratio |
1.57 | 1.31 | 0.83 | 1.24 | 1.29 | 1.37 | 1.05 | 1.36 | 1.19 | 1.12 |
Altman Z-Score |
7.48 | 2.87 | 2.87 | 3.19 | 3.00 | 3.56 | 3.32 | 4.46 | 4.02 | 3.33 |
Altman Z″-Score (non-manufacturers) |
7.01 | 2.88 | 3.37 | 3.33 | 3.57 | 4.04 | 4.62 | 5.31 | 5.03 | 4.51 |
P/FCF ratio |
39.80 | 38.92 | 15.98 | 42.65 | 12.39 | 20.12 | 0.00 | 10.24 | 22.33 | 30.35 |
Beneish M-Score |
(2.41) | (1.81) | (2.71) | (2.52) | (2.99) | (2.48) | (1.91) | (2.78) | (2.43) | (2.54) |
P/Operating CF |
51.72 | 59.59 | 25.68 | 54.93 | 35.47 | 230.65 | 83.87 | 26.55 | 40.85 | 95.32 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 81 |
P/B ratio |
4.57 | 4.41 | 2.96 | 3.91 | 3.17 | 3.45 | 2.43 | 2.93 | 2.46 | 2.24 |
Price to Tangible BV |
5.07 | 0.00 | 0.00 | 49.54 | 17.86 | 10.41 | 5.38 | 5.17 | 4.05 | 3.96 |
EV/Sales |
1.55 | 1.63 | 1.07 | 1.47 | 1.45 | 1.51 | 1.26 | 1.43 | 1.27 | 1.26 |
EV/EBITDA |
14.44 | 20.91 | 10.49 | 13.28 | 12.43 | 11.19 | 10.10 | 9.37 | 9.63 | 11.97 |
EV/Operating CF |
21.59 | 30.14 | 15.05 | 23.31 | 10.88 | 23.68 | (54.66) | 9.43 | 18.19 | 23.40 |
EV/FCF |
39.10 | 48.33 | 20.58 | 50.63 | 14.01 | 22.06 | (27.28) | 10.75 | 23.78 | 34.10 |
Quick Ratio |
1.56 | 1.14 | 1.21 | 1.08 | 1.34 | 1.15 | 1.26 | 1.33 | 1.23 | 1.24 |
Current Ratio |
2.24 | 1.79 | 1.88 | 1.75 | 1.94 | 1.81 | 2.20 | 2.08 | 1.97 | 2.05 |
Net Debt/EBITDA |
(0.26) | 4.07 | 2.34 | 2.09 | 1.43 | 0.98 | 1.64 | 0.44 | 0.59 | 1.32 |
Debt/Assets |
7.70% | 37.91% | 35.78% | 31.88% | 28.50% | 25.20% | 27.67% | 18.02% | 16.76% | 21.56% |
Debt/Equity |
0.13 | 1.26 | 1.12 | 0.94 | 0.76 | 0.62 | 0.64 | 0.35 | 0.32 | 0.45 |
Asset Turnover |
1.79 | 1.37 | 1.13 | 1.11 | 0.93 | 1.02 | 1.02 | 1.13 | 1.12 | 0.98 |
Operating CF/Net income |
1.24 | (8.74) | 2.40 | 1.57 | 3.97 | 1.07 | (0.38) | 1.72 | 1.07 | 1.48 |
Capex/Depreciation |
(1.42) | (0.45) | (0.38) | (0.71) | (0.56) | 0.10 | (0.51) | (0.45) | (0.38) | (0.34) |
Interest Coverage |
53.37 | 1.30 | 2.49 | 4.03 | 3.66 | 12.84 | 12.28 | 10.27 | 12.56 | 7.59 |
| 17.57% | (2.15%) | 10.87% | 13.52% | 8.78% | 15.43% | 14.62% | 20.85% | 13.95% | 7.15% | |
| 10.33% | (0.85%) | 3.36% | 4.46% | 3.14% | 6.05% | 6.18% | 9.96% | 7.27% | 3.56% | |
ROIC |
16.65% | 3.35% | 6.19% | 7.17% | 6.94% | 10.11% | 7.84% | 13.09% | 9.90% | 5.54% |
Return on Tangible Assets |
16.82% | (1.69%) | 8.72% | 12.07% | 7.93% | 15.86% | 13.43% | 22.67% | 17.85% | 8.82% |
Average Days of Receivables |
67.32 | 76.24 | 70.24 | 71.65 | 72.89 | 70.74 | 84.05 | 72.67 | 73.50 | 77.88 |
Research and Development Expense of Revenue |
4.30% | 3.19% | 2.73% | 2.87% | 3.01% | 2.95% | 2.85% | 2.94% | 3.40% | 3.42% |
Selling, General and Administrative Expense of Revenue |
30.74% | 33.38% | 31.71% | 31.40% | 31.37% | 29.51% | 28.04% | 28.35% | 30.46% | 31.14% |
Intangible Assets out of Total Assets |
0.06 | 0.36 | 0.33 | 0.31 | 0.31 | 0.27 | 0.24 | 0.23 | 0.21 | 0.21 |
Share Based Compensation of Revenue |
0.48% | 0.59% | 0.74% | 1.00% | 0.60% | 0.87% | 0.71% | 0.93% | 0.92% | 0.86% |
Graham Net Nets |
0.08 | (0.21) | (0.22) | (0.16) | (0.14) | (0.07) | (0.03) | 0.02 | 0.01 | (0.05) |
Graham Number |
30.90 | 0.00 | 27.16 | 33.69 | 30.27 | 43.10 | 45.41 | 64.51 | 57.64 | 41.94 |
Earnings Yield |
3.68% | (0.47%) | 3.57% | 3.25% | 2.62% | 4.33% | 5.78% | 6.47% | 5.47% | 3.23% |
Free Cash Flow Yield |
2.51% | 2.57% | 6.26% | 2.34% | 8.07% | 4.97% | (4.38%) | 9.76% | 4.48% | 3.29% |
Revenue per Share |
46.14 | 56.69 | 62.63 | 62.79 | 54.55 | 58.96 | 59.06 | 67.19 | 68.49 | 65.53 |
Operating CF per Share |
3.30 | 3.06 | 4.46 | 3.97 | 7.29 | 3.75 | (1.36) | 10.18 | 4.77 | 3.54 |
Capex per Share |
(1.48) | (1.15) | (1.20) | (2.14) | (1.63) | 0.28 | (1.35) | (1.23) | (1.11) | (1.10) |
Free Cash Flow per Share |
1.82 | 1.91 | 3.26 | 1.83 | 5.66 | 4.03 | (2.71) | 8.95 | 3.66 | 2.44 |
Cash per Share |
3.34 | 3.34 | 4.80 | 4.12 | 7.68 | 6.68 | 4.19 | 6.33 | 5.31 | 5.79 |
Shareholders Equity per Share |
15.90 | 16.87 | 17.63 | 19.94 | 22.13 | 23.52 | 25.53 | 31.24 | 33.11 | 32.85 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
15.90 | 16.87 | 17.63 | 19.94 | 22.13 | 23.52 | 25.53 | 31.24 | 33.11 | 32.85 |
Free Cash Flow |
31.97 | 33.80 | 58.50 | 33.10 | 103.90 | 74.60 | (50.10) | 165.60 | 68.80 | 44.80 |
Working Capital |
165.09 | 186.61 | 219.70 | 206.10 | 239.30 | 236.50 | 313.70 | 295.40 | 284.40 | 306.60 |
Capital Expenditures |
(25.91) | (20.40) | (21.50) | (38.80) | (29.90) | 5.20 | (25.00) | (22.80) | (20.90) | (20.20) |
Net Current Asset Value |
106.43 | (272.39) | (207.60) | (220.60) | (182.90) | (99.80) | (37.70) | 34.00 | 8.60 | (65.80) |
EV/EBIT |
18.31 | 49.50 | 20.76 | 23.34 | 22.84 | 17.54 | 15.73 | 12.82 | 14.27 | 22.27 |
Capex to Sales |
0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
18.64 | 39.87 | 16.12 | 19.66 | 20.21 | 16.00 | 13.18 | 12.22 | 13.40 | 19.82 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.16 | 0.25 | 0.35 | 0.31 | 0.29 | 0.31 | 0.27 | 0.27 | 0.30 | 0.31 |
Cash ROIC |
8.56% | 4.60% | 7.72% | 4.27% | 12.14% | 9.03% | (5.90%) | 18.48% | 7.47% | 4.56% |
Accounts Receivable Turnover |
5.58 | 5.59 | 5.28 | 5.18 | 4.73 | 5.30 | 4.72 | 4.98 | 5.08 | 4.67 |
Accounts Payable Turnover |
9.35 | 8.41 | 6.98 | 7.02 | 5.92 | 5.73 | 5.42 | 6.03 | 6.18 | 5.65 |
Inventory Turnover |
5.86 | 5.85 | 5.16 | 4.74 | 4.27 | 4.53 | 3.66 | 3.74 | 4.10 | 3.76 |
Average Days of Payables |
37.87 | 58.13 | 52.93 | 50.82 | 65.41 | 67.93 | 68.56 | 56.81 | 62.87 | 64.71 |
Days of Inventory on Hand |
62.80 | 77.26 | 72.68 | 81.06 | 78.57 | 89.80 | 112.33 | 89.69 | 91.06 | 100.74 |
Average Receivables |
144.79 | 179.33 | 212.86 | 219.75 | 211.60 | 205.65 | 231.45 | 249.55 | 253.35 | 257.95 |
Average Payables |
48.88 | 71.75 | 97.24 | 96.25 | 100.20 | 113.90 | 123.80 | 118.75 | 119.15 | 127.20 |
Average Inventory |
77.96 | 103.16 | 131.40 | 142.60 | 138.90 | 144.15 | 183.60 | 191.25 | 179.85 | 191.15 |
Average Assets |
451.17 | 732.01 | 993.24 | 1,027.70 | 1,072.75 | 1,072.15 | 1,073.40 | 1,099.25 | 1,151.75 | 1,229.50 |
Average Common Equity |
265.38 | 288.51 | 307.39 | 338.80 | 383.70 | 420.60 | 453.60 | 525.20 | 600.20 | 612.75 |
Columns are period end dates