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Tennant Company TNC R2K

Industrials · Specialty Industrial Machinery · United States
https://www.tennantco.com

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers manual and autonomous mechanized cleaning equipment for industrial and commercial use, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, and equipment maintenance and repair services. It also provides business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. In addition, the company offers robotic cleaning equipment; IRIS, an asset management solution; ec-H2O NanoClean, a detergent-free cleaning solution; and ReadySpace, a rapid-drying carpet cleaning technology. It offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. The company serves retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and others. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

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$86.11
+17.61% 1Y

Market & Price

Market Cap
$1.47B
Current Price
$86.11
High / Low (52W)
$87.18 / $60.69
Beta
1.12

Valuation

Stock P/E
51.26
Industry PE
28.38
Forward P/E
13.19
PEG Ratio
2.61
Book Value
$33.71
Price to Book
2.55
P/S
1.21
EV/EBITDA
15.03
Dividend Yield
1.44%

Profitability & Returns

ROCE
6.86%
ROE
5.33%
ROA
2.99%
Profit Margin
2.55%
Op Margin
1.75%
EPS (Latest Qtr)
$0.01
EPS (TTM)
$1.68

Balance Sheet & Liquidity

Debt/Equity
0.74
Quick Ratio
1.26
Current Ratio
2.12
Debt
$392.50M
Total Assets
$1.27B
Current Assets
$599.70M
Working Capital
$306.60M

Ownership

Promoter Holding
2.20%
Chg in Prom Hold
-
FII / Inst Holding
104.59%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$1.78B
Total Revenue (TTM)
$1.21B
EBITDA
$118.40M
Free Cash Flow
$52.52M
Operating Cash Flow
$34.20M
Shares Outstanding
17.04M
Gross Margin
39.45%
Payout Ratio
72.02%

Growth (CAGR)

Revenue 5Y
3.29%
Profit 5Y
-12.91%
Revenue (YoY)
2.70%
Earnings (YoY)
-98.60%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 51.3.
  • Earnings shrank at -12.9% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 TNC Tennant Company R2K 86.11 51.26 $1.47B 1.44% 6.86% 5.33% 3.29% -12.91%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------270.79M261.92M--292.20M273.25M-----252.10M214.00M261.90M263.30M279.10M272.00M258.10M280.20M262.90M305.80M321.70M304.70M311.00M331.00M315.80M-290.00M318.60M303.30M291.60M297.90M
Cost of Revenue -----------------------------------170.00M184.50M173.90M190.80M184.30M
Gross Profit 95.29M85.30M93.51M79.74M104.55M104.60M115.53M79.74M103.13M103.08M113.87M109.10M117.20M106.50M112.20M108.20M120.80M114.00M118.60M102.80M89.50M103.60M113.30M114.90M109.20M98.90M106.10M100.70M125.50M139.50M132.00M137.50M142.70M133.80M-120.00M134.10M129.40M100.80M113.60M
Operating Expenses -----------------------------------100.40M103.50M107.10M105.00M108.70M
Operating Income 22.59M4.57M-7.10M22.56M16.25M--2.67M9.34M10.99M-10.40M19.00M15.40M-10.80M19.90M21.50M-14.40M22.90M18.40M36.30M20.40M23.90M14.60M22.80M21.40M35.90M43.50M34.70M37.50M38.60M30.60M-19.60M30.60M22.30M-4.20M4.90M
EBITDA -----------------------------------33.50M44.20M36.50M11.40M19.20M
Interest Expense -----------------------------------2.30M2.20M2.40M2.10M3.40M
Pretax Income -----------------------------------17.20M27.30M19.40M-6.00M900.00K
Tax Provision -----------------------------------4.10M7.10M4.50M-1.60M700.00K
Net Income 15.33M11.48M15.37M-3.96M-2.59M3.56M-3.21M-3.96M-2.59M3.56M-3.21M3.30M12.70M9.70M7.70M5.40M14.80M14.60M10.90M5.20M14.30M11.70M25.70M9.80M21.50M10.30M16.60M15.60M24.30M31.30M22.90M28.40M27.90M20.80M-13.10M20.20M14.90M-4.40M200.00K
Diluted EPS 0.850.640.85-0.22-0.150.20-0.18-0.22-0.150.20-0.180.180.690.520.420.290.810.790.590.280.770.631.370.511.140.550.890.831.301.681.211.491.451.09-0.691.080.80-0.230.01
R&D Expense 8.40M8.21M-7.90M8.39M8.42M-8.45M7.89M7.91M-8.00M7.90M7.50M-7.20M8.40M8.20M-7.40M6.60M7.40M7.40M8.30M8.40M7.70M7.90M7.90M7.90M9.00M9.10M10.10M11.20M10.50M-9.70M9.80M10.50M-10.60M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------1.12B1.14B1.00B-1.09B1.24B1.29B1.20B
Cost of Revenue -------------671.30M715.80M736.70M719.20M
Gross Profit 246.11M284.33M319.18M325.30M325.91M352.43M349.06M351.60M399.80M445.00M461.70M407.80M-420.90M527.80M550.00M484.30M
Operating Expenses -------------337.40M389.20M435.70M416.00M
Operating Income -22.49M37.13M49.65M62.70M62.40M72.10M53.18M68.27M33.00M58.00M71.80M63.70M-83.50M138.60M114.30M68.30M
EBITDA -------------135.30M188.40M169.00M125.60M
Interest Expense -------------7.10M13.50M9.10M9.00M
Pretax Income -------------79.50M123.80M104.80M57.90M
Tax Provision -------------13.20M14.30M21.10M14.10M
Net Income -26.24M34.80M32.71M41.58M40.23M50.65M32.09M46.61M-6.20M33.40M45.80M33.70M-66.30M109.50M83.70M43.80M
Diluted EPS -1.421.801.692.182.142.701.742.59-0.351.822.481.81-3.555.834.382.36
R&D Expense 22.98M25.96M27.91M29.26M30.53M29.43M32.41M34.74M32.00M30.70M32.70M30.10M32.20M31.10M36.60M43.80M41.20M

Compounded Sales Growth

5 Years:3.29%
1 Year:2.70%

Compounded Profit Growth

5 Years:-12.91%
1 Year:-98.60%

Stock Price Performance

1 Year:+17.61%
6 Months:+18.40%
3 Months:+41.60%
1 Month:+6.56%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --403.67M424.26M420.76M456.31M486.93M432.30M470.04M993.98M992.50M1.06B1.08B-1.09B1.11B1.19B1.27B
Current Assets --------------575.30M569.10M576.60M599.70M
Cash & Equivalents 29.29M18.06M39.53M52.34M53.94M80.98M92.96M51.30M58.03M58.40M85.61M---77.20M116.90M99.60M106.20M
Inventory --------------206.60M175.90M183.80M198.50M
Receivables --------------251.50M247.60M259.10M256.80M
Total Liabilities --187.53M203.41M185.71M192.46M206.28M180.09M191.49M695.50M676.20M701.60M676.50M-613.00M535.10M568.00M665.50M
Current Liabilities --116.14M123.99M121.69M131.53M145.63M133.22M132.83M236.51M248.90M274.90M254.30M-261.60M273.70M292.20M293.10M
Long Term Debt ------------311.60M-294.80M193.70M196.70M272.50M
Total Debt --------------332.40M242.40M254.50M330.80M
Total Equity 209.90M184.28M216.13M220.85M235.05M263.85M280.65M252.21M278.54M296.50M314.40M359.90M404.80M-470.80M577.00M620.80M601.60M
Shares Outstanding --------------18.52M18.63M18.85M17.85M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 75.19M42.53M56.91M47.57M59.81M59.36M45.23M57.88M54.20M80.00M71.90M133.80M--25.10M188.40M89.70M65.00M
Investing Cash Flow -13.33M-10.02M-19.50M-11.24M-11.40M-17.87M-23.58M-40.56M-375.30M-16.10M-55.60M-29.90M--24.50M-23.20M-78.40M-22.70M
Financing Cash Flow -74.07M-10.34M-24.25M-34.93M-21.50M-28.04M-61.41M-9.56M319.40M-32.80M-27.40M-42.80M-8.10M-122.60M-25.20M-38.70M
Capital Expenditure -11.48M-10.53M-13.90M-15.62M-14.78M-19.58M-24.78M-26.53M-20.40M-18.80M-38.40M-29.90M--29.30M-24.00M-21.40M-22.10M
Free Cash Flow 63.70M32.00M43.01M31.94M45.04M39.78M20.45M31.35M33.80M61.20M33.50M103.90M--54.40M164.40M68.30M42.90M
Net Change in Cash --------------41.50M42.60M-13.90M3.60M
Share Buybacks 03.15M17.60M25.34M22.16M14.10M46.00M12.76M000015.00M5.00M21.70M19.60M88.50M
Dividends Paid 9.86M11.18M12.85M12.82M13.23M14.49M14.50M14.29M15.00M15.30M16.00M16.30M17.50M18.90M20.10M21.40M21.90M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------39.6%40.6%40.7%-38.5%42.4%42.7%40.2%
Operating Margin % ---------5.2%6.3%6.4%-7.6%11.1%8.9%5.7%
Net Margin % ---------3.0%4.0%3.4%-6.1%8.8%6.5%3.6%
ROE % -14.2%16.1%14.8%17.7%15.2%18.0%12.7%16.7%-2.1%10.6%12.7%8.3%-14.1%19.0%13.5%7.3%
ROCE % -12.9%16.5%21.0%19.2%21.1%17.8%20.2%4.4%7.8%9.1%7.7%-10.1%16.5%12.7%7.0%

Shareholding Pattern

Insiders
2.20%
Institutions
104.59%
Public Float
106.94%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 16.00% 2.73M $234.73M
2 Vanguard Portfolio Management LLC 6.98% 1.19M $102.39M
3 Vanguard Capital Management LLC 4.79% 816.62K $70.32M
4 Mairs & Power Inc 4.72% 803.46K $69.19M
5 Gamco Investors, Inc ET AL 4.15% 706.40K $60.83M
6 State Street Corporation 4.10% 699.40K $60.23M
7 FMR, LLC 4.04% 688.71K $59.31M
8 Dimensional Fund Advisors LP 3.72% 634.16K $54.61M
9 American Century Companies Inc 3.44% 585.52K $50.42M
10 Geode Capital Management, LLC 2.72% 464.15K $39.97M

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