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