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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Market cap: $1.1B
P/E: 62.8×
Fwd P/E: 22.2×
Dividend yield: 1.90%
F-score: 5/9
Altman Z: 3.33
Beneish M: −2.54
Dividend safety: 81/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.11

Total sells 1.23

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	2	1	—	—	—	—	3	—	—
Sell	—	—	—	3	—	—	1	—	—	—	—	—

Insider Ownership 1.53%

Capital & Financial Ratios $m

Market Cap 1,130.00

Revenue 1,216.80

Net Income 18.30

Free Cash Flow (1.20)

Net Debt 282.00

Current Ratio 2.04

Debt/Equity 0.67

P/E ratio 62.84

Fwd P/E 22.20

P/S ratio 0.91

P/B ratio 2.06

Past 5Y EPS Growth 5.45%

This Y EPS Growth (15.83%)

Next Y EPS Growth 46.10%

Next Y revenue growth 6.86%

Next 5Y EPS Growth 3.90%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 89.14%

10-year low 10-year high

P/S against its own 10 years 1.84%

10-year low 10-year high

P/B against its own 10 years 1.25%

10-year low 10-year high

EV/Sales against its own 10 years 5.20%

10-year low 10-year high

Dividends

Payout Ratio 1.22

Annual Dividend Rate 1.24

Annual Dividend Yield 1.90%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.26	0.31 0.31 0.31
2025	1.20	0.30 0.30 0.30 0.31
2024	1.14	0.28 0.28 0.28 0.30
2023	1.08	0.27 0.27 0.27 0.28
2022	1.02	0.25 0.25 0.25 0.27
2021	0.94	0.23 0.23 0.23 0.25
2020	0.89	0.22 0.22 0.22 0.23
2019	0.88	0.22 0.22 0.22 0.22
2018	0.85	0.21 0.21 0.21 0.22
2017	0.84	0.21 0.21 0.21 0.21
2016	0.81	0.20 0.20 0.20 0.21

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	117	100	106	77
Receivables	248	259	257	286
Inventory	176	184	199	202
Other	—	—	—	—
	569	577	600	614

	2023	2024	2025	Q'26
Payables	111	127	128	113
ST’ Debt	6	1	0	1
Other	156	164	165	187
	274	292	293	300

Compound Annual Growth %

	10y	5y	3y
Sales	4.02%	3.75%	3.29%
Cash Flow	3.69%	(13.45%)	0.00%
Earnings	3.16%	5.38%	(12.91%)
Book Value	9.12%	8.24%	8.52%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	298	324	—	—	—
’25	290	319	303	292	1,204
’24	311	331	316	329	1,287
’23	306	322	305	311	1,244
’22	258	280	263	291	1,092
’21	263	279	272	276	1,091
’20	252	214	262	273	1,001

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(31)	5	—	—	—
’25	0	23	29	14	65
’24	3	19	31	38	90
’23	31	39	54	64	188
’22	(10)	(13)	(15)	14	(25)
’21	18	19	25	7	69
’20	9	40	49	36	134

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(34)	0	—	—	—
’25	(7)	19	24	10	45
’24	0	14	26	28	69
’23	24	34	51	56	166
’22	(15)	(15)	(24)	4	(50)
’21	14	41	21	(1)	75
’20	(4)	34	42	32	104

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.01	0.44	—	—	—
’25	0.69	1.08	0.80	(0.23)	2.36
’24	1.49	1.45	1.09	0.35	4.38
’23	1.30	1.68	1.21	1.64	5.83
’22	0.55	0.89	0.83	1.27	3.55
’21	1.37	0.51	1.14	0.42	3.44
’20	0.28	0.77	0.63	0.13	1.81

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	45.92	60.05	48.97	50.29	46.64	66.73	54.90	61.65	79.25	67.32	Analyst estimates 2026–2028 Powerpack
	High	76.80	76.80	86.03	80.44	87.06	87.40	85.33	93.78	124.11	90.44
People
People	Employees	3,236	4,300	4,300	4,400	4,373	4,263	4,299	4,457	4,632	4,484
	Revenue/emp, $m	0.25	0.23	0.26	0.26	0.23	0.26	0.25	0.28	0.28	0.27
Income, $m
Income, $m	Revenue	809	1,003	1,124	1,138	1,001	1,091	1,092	1,244	1,287	1,204
	Gross margin, %	43.48	39.86	39.61	40.59	40.74	40.15	38.54	42.44	42.74	40.24
	EBT	66	(1)	36	54	41	74	80	124	105	58
	EBT margin, %	8.22	(0.13)	3.19	4.75	4.11	6.79	7.28	9.95	8.14	4.81
	Net income	47	(6)	34	46	34	65	66	110	84	44
	Depreciation	18	45	57	54	53	53	49	51	55	59
Per share, $
Per share, $	Revenue	46.14	56.69	62.63	62.79	54.55	58.96	59.06	67.19	68.49	65.53
	Earnings	2.66	(0.35)	1.86	2.53	1.84	3.51	3.58	5.92	4.46	2.38
	Cash flow	3.30	3.06	4.46	3.97	7.29	3.75	(1.36)	10.18	4.77	3.54
	Capex	(1.48)	(1.15)	(1.20)	(2.14)	(1.63)	0.28	(1.35)	(1.23)	(1.11)	(1.10)
	Free cash flow	1.82	1.91	3.26	1.83	5.66	4.03	(2.71)	8.95	3.66	2.44
	Book value	15.90	16.87	17.63	19.94	22.13	23.52	25.53	31.24	33.11	32.85
	Shares, m	18	18	18	18	18	19	18	19	19	18
Valuation, ×
Valuation, ×	P/E	27.19	0.00	28.02	30.80	38.14	23.09	17.31	15.46	18.28	30.97
	P/S	1.57	1.31	0.83	1.24	1.29	1.37	1.05	1.36	1.19	1.12
	P/B	4.57	4.41	2.96	3.91	3.17	3.45	2.43	2.93	2.46	2.24
	EV/Sales	1.55	1.63	1.07	1.47	1.45	1.51	1.26	1.43	1.27	1.26
	EV/FCF	39.10	48.33	20.58	50.63	14.01	22.06	(27.28)	10.75	23.78	34.10
Cash, $m
Cash, $m	Operating cash flow	58	54	80	72	134	69	(25)	188	90	65
	Capex	(26)	(20)	(21)	(39)	(30)	5	(25)	(23)	(21)	(20)
	Free cash flow	32	34	59	33	104	75	(50)	166	69	45
Balance, $m
Balance, $m	Working capital	165	187	220	206	239	237	314	295	284	307
	Total debt	36	377	355	339	309	268	300	201	200	274
	Net debt	(22)	318	269	264	168	144	223	84	100	167
	Shareholders’ equity	279	298	316	361	406	435	472	578	622	603
Returns, %
Returns, %	ROA	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
	ROE	17.57	(2.15)	10.87	13.52	8.78	15.43	14.62	20.85	13.95	7.15

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EPAC Enerpac Tool Group Corp.	$1.8B	19.9×	18.7×	+5.60% (above 0%: growing)	+41.46% (above 0%: growing)	+4.70% (above 0%: growing)	52.99%	24.69%	Compare
ATS ATS Corporation	$1.8B	52.2×	27.3×	−5.93% (below 0%: shrinking)	n/m	−117.83% (below 0%: shrinking)	27.38%	3.49%	Compare
AMSC American Superconductor Corporation	$1.3B	8.3×	71.0×	+30.01% (above 0%: growing)	+23.53% (above 0%: growing)	+68.38% (above 0%: growing)	26.28%	10.45%	Compare
PSIX Power Solutions International, Inc.	$1.2B	15.6×	16.0×	−20.51% (below 0%: shrinking)	−67.26% (below 0%: shrinking)	+280.84% (above 0%: growing)	27.12%	15.68%	Compare
TNC Tennant Company	$1.1B	62.8×	22.2×	+1.69% (above 0%: growing)	−59.09% (below 0%: shrinking)	−101.60% (below 0%: shrinking)	39.48%	4.91%
GHM Graham Corporation	$835.1M	64.3×	56.0×	+28.57% (above 0%: growing)	−19.05% (below 0%: shrinking)	−64.73% (below 0%: shrinking)	24.95%	5.82%	Compare
BW Babcock	$738.9M	— (loss-making)	— (loss-making)	+130.25% (above 0%: growing)	n/m	+14.34% (above 0%: growing)	14.59%	3.68%	Compare
KRNT Kornit Digital Ltd.	$737.7M	— (loss-making)	— (loss-making)	+11.19% (above 0%: growing)	n/m	+113.86% (above 0%: growing)	45.31%	(26.91%)	Compare
NNE Nano Nuclear Energy Inc.	$729.8M	— (loss-making)	—	—	n/m	−13.05% (below 0%: shrinking)	29.07%	(7,395.14%)	Compare
Median of peers	$1.0B	19.9×	27.3×	+11.19%	+2.24%	+9.52%	27.25%	4.75%

All 76 Specialty Industrial Machinery stocks →

Tennant Company (TNC) key facts

Concern: Tennant Company’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, down 6.47% from fiscal 2024.
Concern: Net income was $43.8 million, or $2.38 per share (basic), a net margin of 3.64%.
Tennant Company (TNC) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, TNC traded at $65.35, a market capitalization of $1.1 billion.
At that price the stock trades at 62.8× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 89% of its own readings over the past ten years.
Tennant Company pays an annual dividend of $1.24 per share, a yield of 1.90%, with a payout ratio of 121.6%.
Return on equity was 7.15% and debt-to-equity 0.67.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.33 (safe zone) for fiscal 2025.