TNC · Tennant Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.29B | $1.24B | $1.09B | $1.09B | $1.00B |
| Cost of Revenue | $719.20M | $736.70M | $715.80M | $671.30M | $652.80M | $593.20M |
| Gross Profit | $484.30M | $550.00M | $527.80M | $420.90M | $438.00M | $407.80M |
| R&D | $41.20M | $43.80M | $36.60M | $31.10M | $32.20M | $30.10M |
| SG&A | $374.80M | $391.90M | $352.60M | $306.30M | $321.90M | $314.00M |
| Total Operating Expenses | - | - | - | - | - | $344.10M |
| D&A | $45.00M | $40.10M | $36.40M | $32.80M | $33.10M | $32.60M |
| Operating Income | $68.30M | $114.30M | $138.60M | $87.20M | $93.70M | $63.70M |
| Interest Expense | - | - | - | - | $7.30M | $20.70M |
| Income Tax | $14.10M | $21.10M | $14.30M | $13.20M | $9.20M | $7.40M |
| Net Income | $43.80M | $83.70M | $109.50M | $66.30M | $64.90M | $33.70M |
| EPS - Basic | $2.38 | $4.46 | $5.92 | $3.58 | $3.51 | $1.84 |
| EPS - Diluted | $2.36 | $4.38 | $5.83 | $3.55 | $3.44 | $1.81 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $106.40M | $99.80M | $117.10M | $77.40M | $123.60M | $141.00M |
| Accounts Receivable | $256.80M | $259.10M | $247.60M | $251.50M | $211.40M | $195.40M |
| Inventory | $198.50M | $183.80M | $175.90M | $206.60M | $160.60M | $127.70M |
| Accounts Payable | $127.50M | $126.90M | $111.40M | $126.10M | $121.50M | $106.30M |
| Current Assets | $599.70M | $576.60M | $569.10M | $575.30M | $526.80M | $493.60M |
| Total Assets | $1.27B | $1.19B | $1.11B | $1.09B | $1.06B | $1.08B |
| Current Liabilities | $293.10M | $292.20M | $273.70M | $261.60M | $290.30M | $254.30M |
| Long-term Debt | $273.60M | $199.50M | $200.60M | $300.30M | $267.60M | $311.60M |
| Total Liabilities | $665.50M | $568.00M | $535.10M | $613.00M | $626.60M | $676.50M |
| Stockholders' Equity | $601.60M | $620.80M | $577.00M | $470.80M | $433.80M | $404.80M |
| Retained Earnings | $628.10M | $609.70M | $547.40M | $458.00M | $410.60M | $363.30M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $65.00M | $89.70M | $188.40M | ($25.10M) | $69.40M | $133.80M |
| Investing Cash Flow | ($22.70M) | ($78.40M) | ($23.20M) | ($24.50M) | $1.70M | ($29.90M) |
| Financing Cash Flow | ($38.70M) | ($25.20M) | ($122.60M) | $8.10M | ($84.50M) | ($42.80M) |
| CapEx | $21.70M | $20.90M | $22.80M | $25.00M | $19.40M | $29.90M |
| Free Cash Flow | $43.30M | $68.80M | $165.60M | ($50.10M) | $50.00M | $103.90M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 40.2% | 42.7% | 42.4% | 38.5% | 40.2% | 40.7% |
| Operating margin | 5.7% | 8.9% | 11.1% | 8.0% | 8.6% | 6.4% |
| EBITDA margin | 9.4% | 12.0% | 14.1% | 11.0% | 11.6% | 9.6% |
| Net margin | 3.6% | 6.5% | 8.8% | 6.1% | 5.9% | 3.4% |
| Free cash flow margin | 3.6% | 5.3% | 13.3% | -4.6% | 4.6% | 10.4% |
| FCF / Net income | 0.99 | 0.82 | 1.51 | -0.76 | 0.77 | 3.08 |
| R&D / Revenue | 3.4% | 3.4% | 2.9% | 2.8% | 3.0% | 3.0% |
| SG&A / Revenue | 31.1% | 30.5% | 28.4% | 28.0% | 29.5% | 31.4% |
| Effective tax rate | 24.4% | 20.1% | 11.6% | 16.6% | 12.4% | 18.0% |
| Return on assets | 3.5% | 7.0% | 9.8% | 6.1% | 6.1% | 3.1% |
| Return on equity | 7.3% | 13.5% | 19.0% | 14.1% | 15.0% | 8.3% |
| Return on invested capital | 5.9% | 11.1% | 15.8% | 9.4% | 11.7% | 7.3% |
| Liquidity | ||||||
| Current ratio | 2.05 | 1.97 | 2.08 | 2.20 | 1.81 | 1.94 |
| Quick ratio | 1.37 | 1.34 | 1.44 | 1.41 | 1.26 | 1.44 |
| Cash ratio | 0.36 | 0.34 | 0.43 | 0.30 | 0.43 | 0.55 |
| Leverage | ||||||
| Debt / Equity | 0.45 | 0.32 | 0.35 | 0.64 | 0.62 | 0.77 |
| Debt / Assets | 0.22 | 0.17 | 0.18 | 0.28 | 0.25 | 0.29 |
| Debt / EBITDA | 2.41 | 1.29 | 1.15 | 2.50 | 2.11 | 3.24 |
| Interest coverage | - | - | - | - | 12.8x | 3.1x |
| Equity multiplier | 2.11 | 1.92 | 1.93 | 2.30 | 2.45 | 2.67 |
| Liabilities / Assets | 0.52 | 0.48 | 0.48 | 0.56 | 0.59 | 0.62 |
| Efficiency | ||||||
| Asset turnover | 0.95 | 1.08 | 1.12 | 1.01 | 1.03 | 0.92 |
| Inventory turnover | 3.62 | 4.01 | 4.07 | 3.25 | 4.06 | 4.65 |
| Days sales outstanding | 78d | 73d | 73d | 84d | 71d | 71d |
| Days inventory outstanding | 101d | 91d | 90d | 112d | 90d | 79d |
| Days payable outstanding | 65d | 63d | 57d | 69d | 68d | 65d |
| Cash conversion cycle | 114d | 102d | 106d | 128d | 93d | 84d |
| Valuation | ||||||
| P / E | 31.2x | 18.6x | 15.9x | 17.3x | 23.6x | 38.8x |
| P / B | 2.3x | 2.5x | 3.0x | 2.4x | 3.5x | 3.2x |
| P / S | 1.1x | 1.2x | 1.4x | 1.1x | 1.4x | 1.3x |
| EV / EBITDA | 13.6x | 10.7x | 10.4x | 11.5x | 13.2x | 15.4x |
| Growth | ||||||
| Revenue growth (YoY) | -6.5% | 3.5% | 13.9% | 0.1% | 9.0% | -12.0% |
| Revenue CAGR (3y) | 3.3% | 5.7% | 7.5% | -1.3% | 10.5% | -0.1% |
| Revenue CAGR (5y) | 3.8% | 2.5% | 9.0% | 1.7% | 6.2% | 4.3% |
| Gross profit growth (YoY) | -11.9% | 4.2% | 25.4% | -3.9% | 7.4% | -11.7% |
| Operating income growth (YoY) | -40.2% | -17.5% | 58.9% | -6.9% | 47.1% | -11.3% |
| Net income growth (YoY) | -47.7% | -23.6% | 65.2% | 2.2% | 92.6% | -26.4% |
| EPS growth (YoY) | -46.1% | -24.9% | 64.2% | 3.2% | 90.1% | -27.0% |
| EPS CAGR (3y) | -12.7% | 8.4% | 47.7% | 12.7% | 23.6% | - |
| EPS CAGR (5y) | 5.5% | 12.0% | 26.2% | - | 5.8% | 0.8% |
| FCF growth (YoY) | -37.1% | -58.5% | - | - | -51.9% | 210.1% |
| FCF CAGR (5y) | -16.1% | 15.5% | 22.0% | - | 9.8% | 38.4% |
| Book value growth (YoY) | -3.1% | 7.6% | 22.6% | 8.5% | 7.2% | 12.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.20B totalEquipment Sales$714.70M · 59.4%
Parts And Consumables$275.60M · 22.9%
Service And Other$213.20M · 17.7%
Geographic
$2.00B totalAmericas$792.00M · 39.7%
US$670.90M · 33.6%
EMEA$334.60M · 16.8%
Americas Excluding United States$121.10M · 6.1%
Asia Pacific$76.90M · 3.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.09
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Refrigeration & Service Industry Machinery
Comparing TENNANT CO against the 5 most active filers in the same SIC group.
Dividends
$1.22/share trailing 12 months · +5.2% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.3100 |
| Feb 27, 2026 | $0.3100 |
| Nov 28, 2025 | $0.3100 |
| Aug 29, 2025 | $0.2950 |
| May 30, 2025 | $0.2950 |
| Feb 28, 2025 | $0.2950 |
| Nov 29, 2024 | $0.2950 |
| Aug 30, 2024 | $0.2800 |
| May 31, 2024 | $0.2800 |
| Feb 28, 2024 | $0.2800 |
| Nov 29, 2023 | $0.2800 |
| Aug 30, 2023 | $0.2650 |
| May 30, 2023 | $0.2650 |
| Mar 2, 2023 | $0.2650 |
| Nov 29, 2022 | $0.2650 |
| Aug 30, 2022 | $0.2500 |
| May 27, 2022 | $0.2500 |
| Mar 2, 2022 | $0.2500 |
| Nov 29, 2021 | $0.2500 |
| Aug 30, 2021 | $0.2300 |
| May 27, 2021 | $0.2300 |
| Feb 26, 2021 | $0.2300 |
| Nov 27, 2020 | $0.2300 |
| Aug 28, 2020 | $0.2200 |