TENNANT CO TNC

Industrials SIC 3580 - Refrigeration & Service Industry Machinery NAICS Manufacturing › Machinery Manufacturing derived NYSE

Last close 66.26 2026-10-23
Market cap $1.13B 2026-06-30 share count
52-week range 60.17 - 91.93

Valuation FY2025 figures against the last close

P/S0.9x
P/E28.1x
P/FCF26.1x
EV/EBITDA11.5x
Dividend yield1.9%
Diluted EPS2.36

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Europe, Middle East and Africa (EMEA)
  • Asia Pacific (APAC)
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 792M (65.8%) 66% Americas Europe, Middle East and Africa (EMEA), FY2025: 334.6M (27.8%) 28% Europe, Middle East and Africa (EMEA) Asia Pacific (APAC), FY2025: 76.9M (6.4%) 6% FY2024 Americas, FY2024: 888.5M (69.1%) 69% Europe, Middle East and Africa (EMEA), FY2024: 318.5M (24.8%) 25% Asia Pacific (APAC), FY2024: 79.7M (6.2%) 6% FY2023 Americas, FY2023: 840.3M (67.6%) 68% Europe, Middle East and Africa (EMEA), FY2023: 314.4M (25.3%) 25% Asia Pacific (APAC), FY2023: 88.9M (7.1%) 7%
Region FY2025FY2024FY2023
Americas $792.0M $888.5M $840.3M
Europe, Middle East and Africa (EMEA) $334.6M $318.5M $314.4M
Asia Pacific (APAC) $76.9M $79.7M $88.9M

As the company reported it, from the “Revenue - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.20B$1.29B$1.24B$1.09B$1.09B$1.00B$1.14B$1.12B$1.00B$808.6M
Cost of revenue $719.2M$736.7M$715.8M$671.3M$652.8M$593.2M$675.9M$678.5M$603.3M$457.0M
Gross profit $484.3M$550.0M$527.8M$420.9M$438.0M$407.8M$461.7M$445.0M$399.8M$351.6M
R&D $41.2M$43.8M$36.6M$31.1M$32.2M$30.1M$32.7M$30.7M$32.0M$34.7M
SG&A $374.8M$391.9M$352.6M$306.3M$321.9M$314.0M$357.2M$356.3M$334.8M$248.6M
Total operating expenses —————$344.1M$389.9M$387.0M$366.8M$283.3M
Operating income $68.3M$114.3M$138.6M$87.2M$93.7M$63.7M$71.8M$58.0M$33.0M$68.3M
Interest expense ————$7.3M$17.4M$17.8M$23.3M$25.4M$1.3M
Pre-tax income $57.9M$104.8M$123.8M$79.5M$74.1M$41.1M$54.0M$35.8M-$1.3M$66.5M
Income tax $14.1M$21.1M$14.3M$13.2M$9.2M$7.4M$8.1M$2.3M$4.9M$19.9M
Net income $43.8M$83.7M$109.5M$66.3M$64.9M$33.7M$45.8M$33.4M-$6.2M$46.6M
EPS, basic 2.384.465.923.583.511.842.531.86-0.352.66
EPS, diluted 2.364.385.833.553.441.812.481.82-0.352.59
Shares, diluted (wtd. avg.) 18.6M19.1M18.8M18.7M18.8M18.6M18.5M18.3M17.7M18.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $106.4M$99.8M$117.1M$77.4M$123.6M$141.0M$74.6M$86.1M$59.0M$58.5M
Receivables $256.8M$259.1M$247.6M$251.5M$211.4M$199.9M$216.5M$208.0M$203.3M$145.3M
Inventory $198.5M$183.8M$175.9M$206.6M$160.6M$127.7M$150.1M$135.1M$127.7M$78.6M
Total current assets $599.7M$576.6M$569.1M$575.3M$526.8M$493.6M$481.0M$468.6M$423.1M$297.9M
Property, plant and equipment ————$172.8M$185.5M$173.3M$163.4M$180.0M$112.1M
Goodwill $208.6M$185.6M$187.4M$182.0M$193.1M$207.8M$195.1M$182.7M$186.0M$21.1M
Other intangibles $52.6M$58.7M$63.1M$76.4M$98.0M$126.2M$137.7M$146.5M$172.3M$6.5M
Total assets $1.27B$1.19B$1.11B$1.09B$1.06B$1.08B$1.06B$992.5M$994.0M$470.0M
Accounts payable $127.5M$126.9M$111.4M$126.1M$121.5M$106.3M$94.1M$98.4M$96.1M$47.4M
Short-term debt $400.0K$1.3M$6.4M$5.2M$4.2M$10.9M$31.3M$27.0M$30.9M$3.5M
Total current liabilities $293.1M$292.2M$273.7M$261.6M$290.3M$254.3M$274.9M$248.9M$236.5M$132.8M
Long-term debt $273.6M$199.5M$200.6M$300.3M$267.6M$311.6M————
Total liabilities $665.5M$568.0M$535.1M$613.0M$626.6M$676.5M$701.6M$676.2M$695.5M$191.5M
Retained earnings $628.1M$609.7M$547.4M$458.0M$410.6M$363.3M$346.0M$316.3M$297.0M$318.2M
Total equity $601.6M$620.8M$578.3M$472.1M$435.1M$406.1M$361.3M$316.3M$298.5M$278.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $65.0M$89.7M$188.4M-$25.1M$69.4M$133.8M$71.9M$80.0M$54.2M$57.9M
Depreciation and amortisation $45.0M$40.1M$36.4M$32.8M$33.1M$32.6M$32.2M$32.3M$26.2M$17.9M
Stock-based compensation $10.4M$11.9M$11.6M$7.8M$9.5M$6.0M$11.4M$8.3M$5.9M$3.9M
Capital expenditure $21.7M$20.9M$22.8M$25.0M$19.4M$29.9M$38.4M$18.8M$20.4M$26.5M
Investing cash flow -$22.7M-$78.4M-$23.2M-$24.5M$1.7M-$29.9M-$55.6M-$16.1M-$375.3M-$40.6M
Financing cash flow -$38.7M-$25.2M-$122.6M$8.1M-$84.5M-$42.8M-$27.4M-$32.8M$319.4M-$9.6M
Dividends paid $21.9M$21.4M$20.1M$18.9M$17.5M$16.3M$16.0M$15.3M$15.0M$14.3M
Buybacks $88.5M$19.6M$21.7M$5.0M$15.0M$0$0$0$0$12.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000097134-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 808.6M Gross profit, FY2016: 351.6M Net income, FY2016: 46.6M Revenue, FY2017: 1B Gross profit, FY2017: 399.8M Net income, FY2017: -6.2M Revenue, FY2018: 1.1B Gross profit, FY2018: 445M Net income, FY2018: 33.4M Revenue, FY2019: 1.1B Gross profit, FY2019: 461.7M Net income, FY2019: 45.8M Revenue, FY2020: 1B Gross profit, FY2020: 407.8M Net income, FY2020: 33.7M Revenue, FY2021: 1.1B Gross profit, FY2021: 438M Net income, FY2021: 64.9M Revenue, FY2022: 1.1B Gross profit, FY2022: 420.9M Net income, FY2022: 66.3M Revenue, FY2023: 1.2B Gross profit, FY2023: 527.8M Net income, FY2023: 109.5M Revenue, FY2024: 1.3B Gross profit, FY2024: 550M Net income, FY2024: 83.7M Revenue, FY2025: 1.2B Gross profit, FY2025: 484.3M Net income, FY2025: 43.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $808.6M $1.00B $1.12B $1.14B $1.00B $1.09B $1.09B $1.24B $1.29B $1.20B
Gross profit $351.6M $399.8M $445.0M $461.7M $407.8M $438.0M $420.9M $527.8M $550.0M $484.3M
Net income $46.6M -$6.2M $33.4M $45.8M $33.7M $64.9M $66.3M $109.5M $83.7M $43.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3580

TickerCompanyMarket capP/ERevenue growth
MIDD MIDDLEBY Corp $5.11B — 1.6%
ALH Alliance Laundry Holdings Inc. $4.23B 38.0x 13.3%
SXI STANDEX INTERNATIONAL CORP/DE/ $2.91B 27.7x 12.8%
HAYW Hayward Holdings, Inc. $2.75B 18.6x 6.7%
LBGJ Li Bang International Corp Inc. — — 2.9%