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Tennant (TNC) Financials

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$74.85 +2.21 (+3.05%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$74.95 +0.10 (+0.13%)
As of 05/27/2025 06:08 PM Eastern
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Annual Income Statements for Tennant

Annual Income Statements for Tennant

This table shows Tennant's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders
84 110 66 65 34 46 33 -6.20 47 32 51
Consolidated Net Income / (Loss)
84 110 66 65 34 46 34 -6.20 47 32 51
Net Income / (Loss) Continuing Operations
84 110 66 65 34 46 34 -6.20 47 32 51
Total Pre-Tax Income
105 124 80 74 41 54 36 -1.30 66 50 70
Total Operating Income
114 139 87 94 64 72 58 33 68 53 72
Total Gross Profit
550 528 421 438 408 462 445 400 352 349 352
Total Revenue
1,287 1,244 1,092 1,091 1,001 1,138 1,124 1,003 809 812 822
Operating Revenue
1,287 1,244 1,092 1,091 1,001 1,138 1,124 1,003 809 812 822
Total Cost of Revenue
737 716 671 653 593 676 679 603 457 463 470
Operating Cost of Revenue
737 716 671 653 593 676 679 603 457 463 470
Total Operating Expenses
436 389 334 344 344 390 387 367 283 296 280
Selling, General & Admin Expense
392 353 306 322 314 357 356 335 249 252 251
Research & Development Expense
44 37 31 32 30 33 31 32 35 32 29
Other Special Charges / (Income)
0.00 0.00 -3.70 -9.80 0.00 - - - - - -
Total Other Income / (Expense), net
-9.50 -15 -7.70 -20 -23 -18 -22 -34 -1.77 -2.75 -2.56
Interest & Investment Income
-9.10 -14 -7.10 -7.30 -17 - 3.00 2.40 0.33 0.17 0.30
Other Income / (Expense), net
-0.40 -1.30 -0.60 -1.00 -5.20 0.00 -1.90 -11 -0.83 -1.61 -1.14
Income Tax Expense
21 14 13 9.20 7.40 8.10 2.30 4.90 20 18 19
Basic Earnings per Share
$4.46 $5.92 $3.58 $3.51 $1.84 $2.53 $1.86 ($0.35) $2.66 $1.78 $2.78
Weighted Average Basic Shares Outstanding
18.79M 18.51M 18.49M 18.50M 18.35M 18.12M 17.94M 17.70M 17.52M 18.02M 18.22M
Diluted Earnings per Share
$4.38 $5.83 $3.55 $3.44 $1.81 $2.48 $1.82 ($0.35) $2.59 $1.74 $2.70
Weighted Average Diluted Shares Outstanding
19.10M 18.78M 18.70M 18.85M 18.64M 18.45M 18.34M 17.70M 17.98M 18.49M 18.74M
Weighted Average Basic & Diluted Shares Outstanding
18.82M 18.62M 18.52M 18.53M 18.52M 18.35M 18M 17.70M 17.50M 18M 18.20M
Cash Dividends to Common per Share
$1.14 $1.08 $1.02 $0.94 $0.89 $0.88 $0.85 $0.84 $0.81 $0.80 $0.78

Quarterly Income Statements for Tennant

This table shows Tennant's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
13 6.60 21 28 28 31 23 31 24 24 16
Consolidated Net Income / (Loss)
13 6.60 21 28 28 31 23 31 24 24 16
Net Income / (Loss) Continuing Operations
13 6.60 21 28 28 31 23 31 24 24 16
Total Pre-Tax Income
17 5.30 28 37 35 22 30 40 32 25 20
Total Operating Income
20 7.60 31 39 38 25 35 44 36 28 21
Total Gross Profit
120 136 134 143 138 131 132 140 126 115 101
Total Revenue
290 329 316 331 311 311 305 322 306 291 263
Operating Revenue
290 329 316 331 311 311 305 322 306 291 263
Total Cost of Revenue
170 193 182 188 174 181 173 182 180 176 162
Operating Cost of Revenue
170 193 182 188 174 181 173 182 180 176 162
Total Operating Expenses
100 128 103 104 100 106 97 96 90 87 79
Selling, General & Admin Expense
91 116 93 93 90 96 88 87 82 79 71
Research & Development Expense
9.70 12 11 11 10 11 9.10 9.00 7.90 7.60 7.90
Total Other Income / (Expense), net
-2.40 -2.30 -3.10 -1.70 -2.40 -2.50 -4.80 -3.60 -3.90 -3.70 -1.60
Interest Expense
2.30 - 2.70 2.50 - - 3.30 4.00 - - -
Other Income / (Expense), net
-0.10 -0.70 -0.40 0.80 -0.10 - -1.50 0.40 -0.20 -0.30 0.60
Income Tax Expense
4.10 -1.30 6.70 9.00 6.70 -9.00 7.00 8.60 7.70 0.90 4.20
Basic Earnings per Share
$0.70 $0.36 $1.11 $1.47 $1.52 $1.67 $1.23 $1.70 $1.32 $1.28 $0.84
Weighted Average Basic Shares Outstanding
18.70M 18.79M 18.81M 18.90M 18.67M 18.51M 18.57M 18.44M 18.45M 18.49M 18.52M
Diluted Earnings per Share
$0.69 $0.35 $1.09 $1.45 $1.49 $1.64 $1.21 $1.68 $1.30 $1.28 $0.83
Weighted Average Diluted Shares Outstanding
18.96M 19.10M 19.09M 19.21M 19.08M 18.78M 18.88M 18.71M 18.68M 18.70M 18.69M
Weighted Average Basic & Diluted Shares Outstanding
18.65M 18.82M 18.87M 18.90M 19.01M 18.62M 18.68M 18.58M 18.51M 18.52M 18.60M

Annual Cash Flow Statements for Tennant

This table details how cash moves in and out of Tennant's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents
-17 40 -46 -17 66 -12 27 -1.70 7.76 -42 12
Net Cash From Operating Activities
90 188 -25 69 134 72 80 54 58 45 59
Net Cash From Continuing Operating Activities
90 188 -25 69 134 72 80 54 58 45 59
Net Income / (Loss) Continuing Operations
84 110 66 65 34 46 34 -6.20 47 32 51
Consolidated Net Income / (Loss)
84 110 66 65 34 46 34 -6.20 47 32 51
Depreciation Expense
40 36 33 33 33 32 32 26 18 17 18
Amortization Expense
15 15 16 20 21 22 25 19 0.41 1.48 2.37
Non-Cash Adjustments To Reconcile Net Income
16 16 7.40 15 11 20 8.70 21 4.15 20 8.84
Changes in Operating Assets and Liabilities, net
-65 12 -148 -63 36 -48 -19 -6.00 -11 -25 -20
Net Cash From Investing Activities
-78 -23 -25 1.70 -30 -56 -16 -375 -41 -24 -18
Net Cash From Continuing Investing Activities
-78 -23 -25 1.50 -30 -56 -16 -375 -41 -24 -18
Purchase of Property, Plant & Equipment
-21 -23 -25 -19 -30 -38 -19 -20 -27 -25 -20
Acquisitions
-26 0.00 0.00 - -0.10 -20 -2.80 -357 -13 0.00 0.00
Purchase of Investments
-32 0.00 0.00 - - - - - - - -
Divestitures
0.00 0.00 4.10 25 0.00 0.00 4.00 0.00 0.29 1.19 1.42
Other Investing Activities, net
0.30 -0.40 -3.60 -3.80 0.00 - - -1.50 -2.00 -0.32 0.01
Net Cash From Financing Activities
-25 -123 8.10 -85 -43 -27 -33 319 -9.56 -61 -28
Net Cash From Continuing Financing Activities
-25 -123 8.10 -85 -43 -27 -33 319 -9.56 -61 -28
Repayment of Debt
-45 -120 -19 -370 -158 -42 -38 -416 -3.46 -3.45 -3.52
Repurchase of Common Equity
-20 -22 -5.00 -15 0.00 0.00 - - -13 -46 -14
Payment of Dividends
-21 -20 -19 -18 -16 -17 -15 -15 -14 -14 -14
Issuance of Debt
41 20 52 316 126 25 15 743 15 0.00 0.00
Issuance of Common Equity
20 19 -0.90 5.00 4.90 6.10 5.90 6.90 5.27 1.68 2.27
Other Financing Activities, net
0.00 0.20 0.00 -2.40 -0.20 -0.20 0.00 0.30 0.69 0.86 1.79
Effect of Exchange Rate Changes
-3.40 -2.90 -4.70 -4.00 5.30 - - - - -1.91 -1.48
Cash Interest Paid
14 17 7.60 12 18 20 22 14 1.14 1.17 1.47
Cash Income Taxes Paid
30 40 34 20 12 22 11 14 14 23 11

Quarterly Cash Flow Statements for Tennant

This table details how cash moves in and out of Tennant's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-20 8.50 6.70 -4.20 -28 20 1.20 4.40 14 18 -15
Net Cash From Operating Activities
-0.40 38 31 19 2.90 64 54 39 31 14 -15
Net Cash From Continuing Operating Activities
-0.40 38 31 19 2.90 64 54 39 31 14 -15
Net Income / (Loss) Continuing Operations
13 6.60 21 28 28 31 23 31 24 24 16
Consolidated Net Income / (Loss)
13 6.60 21 28 28 31 23 31 24 24 16
Depreciation Expense
11 11 10 9.90 9.60 10 9.20 8.90 8.30 8.80 7.60
Amortization Expense
3.40 3.60 3.60 3.90 3.90 3.70 3.50 3.60 3.90 3.80 3.70
Non-Cash Adjustments To Reconcile Net Income
4.10 4.20 5.50 2.60 3.60 4.00 6.30 3.60 2.40 5.50 1.70
Changes in Operating Assets and Liabilities, net
-32 13 -9.30 -26 -43 15 13 -8.30 -7.80 -28 -44
Net Cash From Investing Activities
-6.90 -9.30 -4.20 -4.30 -61 -8.00 -3.20 -5.20 -6.80 -5.50 -8.90
Net Cash From Continuing Investing Activities
-6.90 -9.30 -4.20 -4.30 -61 -8.00 -3.20 -5.20 -6.80 -5.50 -8.90
Purchase of Property, Plant & Equipment
-7.10 -9.00 -4.40 -4.30 -3.20 -7.00 -3.50 -5.30 -7.00 -5.60 -8.90
Acquisitions
0.00 - - -0.20 -26 - - - 0.00 - -
Purchase of Investments
0.00 - - - -32 - - - 0.00 - -
Other Investing Activities, net
0.20 -0.30 0.20 0.20 0.20 -1.00 0.30 0.10 0.20 0.10 -
Net Cash From Financing Activities
-14 -17 -21 -15 27 -36 -49 -28 -10 9.30 11
Net Cash From Continuing Financing Activities
-14 -17 -21 -15 27 -36 -49 -28 -10 9.30 11
Repayment of Debt
-0.80 -10 -7.20 -1.30 -26 -21 -56 -21 -21 -1.10 -1.40
Repurchase of Common Equity
-20 -2.50 -8.00 -8.00 -1.10 -10 -1.70 -5.00 -5.00 -5.00 -
Payment of Dividends
-5.60 -5.50 -5.30 -5.30 -5.30 -5.30 -5.00 -4.90 -4.90 -4.90 -4.80
Issuance of Debt
15 0.90 - - 40 - - - 20 20 17
Issuance of Common Equity
-2.10 - - 0.10 20 0.90 14 3.40 0.80 - -
Effect of Exchange Rate Changes
0.70 -2.60 0.70 -4.00 2.50 -0.20 -1.00 -1.70 0.00 0.70 -1.50
Cash Interest Paid
2.90 2.30 3.60 3.20 4.50 2.40 4.30 5.90 4.50 2.20 2.90
Cash Income Taxes Paid
3.50 2.30 9.30 17 1.60 10 17 12 0.80 12 11

Annual Balance Sheets for Tennant

This table presents Tennant's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets
1,190 1,113 1,085 1,062 1,083 1,063 993 994 470 432 487
Total Current Assets
577 569 575 527 494 481 469 423 298 294 347
Restricted Cash
100 117 77 124 141 - 86 0.65 0.52 0.64 0.35
Accounts Receivable
259 248 252 211 200 223 216 210 149 140 152
Inventories, net
184 176 207 161 128 150 135 128 79 77 81
Prepaid Expenses
34 29 40 31 25 33 31 19 9.20 15 9.55
Plant, Property, & Equipment, net
184 188 180 173 186 173 163 180 112 95 87
Total Noncurrent Assets
429 357 330 362 404 409 361 391 60 44 53
Goodwill
186 187 182 193 208 195 183 186 21 17 18
Intangible Assets
59 63 76 98 126 138 147 172 6.46 3.20 16
Other Noncurrent Operating Assets
185 106 72 71 70 47 31 21 19 12 11
Total Liabilities & Shareholders' Equity
1,190 1,113 1,085 1,062 1,083 1,063 993 994 470 432 487
Total Liabilities
568 535 613 627 677 702 676 696 191 180 206
Total Current Liabilities
292 274 262 290 254 275 249 237 133 133 146
Short-Term Debt
1.30 6.40 5.20 4.20 11 31 27 31 3.46 3.46 3.57
Accounts Payable
127 111 126 122 106 94 98 96 47 50 62
Current Employee Benefit Liabilities
61 67 44 61 54 64 56 37 36 35 34
Other Current Liabilities
104 89 86 104 83 86 67 69 44 43 46
Total Noncurrent Liabilities
276 261 351 336 422 427 427 459 59 47 61
Long-Term Debt
198 194 295 263 298 308 328 346 33 21 25
Capital Lease Obligations
36 27 17 25 29 - 0.00 - - - -
Noncurrent Deferred & Payable Income Tax Liabilities
4.90 5.00 12 21 39 42 46 53 0.17 0.01 5.99
Noncurrent Employee Benefit Liabilities
14 13 13 16 18 19 21 24 21 22 26
Other Noncurrent Operating Liabilities
23 22 15 11 39 58 32 36 4.63 4.17 4.38
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
622 578 472 435 406 361 316 298 279 252 281
Total Preferred & Common Equity
621 577 471 434 405 360 314 297 279 252 281
Total Common Equity
621 577 471 434 405 360 314 297 279 252 281
Common Stock
84 72 63 61 62 52 35 22 10 6.65 33
Retained Earnings
610 547 458 411 363 346 316 297 318 294 286
Accumulated Other Comprehensive Income / (Loss)
-73 -42 -50 -38 -20 -39 -37 -22 -50 -48 -39
Noncontrolling Interest
1.30 1.30 1.30 1.30 1.30 1.40 1.90 1.97 0.00 - -

Quarterly Balance Sheets for Tennant

This table presents Tennant's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
1,180 1,216 1,168 1,152 1,059 1,108 1,101 1,005
Total Current Assets
551 594 578 561 555 590 582 522
Restricted Cash
80 91 85 89 97 96 91 59
Accounts Receivable
251 260 269 257 242 264 254 219
Inventories, net
191 202 190 181 185 198 204 200
Prepaid Expenses
29 41 35 34 31 32 33 44
Plant, Property, & Equipment, net
186 184 179 185 182 185 183 166
Total Noncurrent Assets
444 439 410 406 323 334 336 317
Goodwill
193 198 191 192 181 186 185 169
Intangible Assets
57 66 68 72 64 70 73 74
Other Noncurrent Operating Assets
194 174 152 141 78 79 77 74
Total Liabilities & Shareholders' Equity
1,180 1,216 1,168 1,152 1,059 1,108 1,101 1,005
Total Liabilities
554 568 542 536 513 586 608 579
Total Current Liabilities
257 274 266 260 245 258 257 244
Short-Term Debt
0.50 0.60 7.80 7.20 5.90 5.30 5.30 5.30
Accounts Payable
115 128 129 125 99 113 118 110
Current Employee Benefit Liabilities
39 59 52 47 62 52 45 47
Other Current Liabilities
102 86 78 82 78 88 89 82
Total Noncurrent Liabilities
297 294 275 275 268 329 351 334
Long-Term Debt
213 209 206 207 216 273 294 276
Capital Lease Obligations
35 35 30 27 19 17 18 17
Noncurrent Deferred & Payable Income Tax Liabilities
5.10 7.90 7.90 8.40 8.60 9.70 11 16
Noncurrent Employee Benefit Liabilities
14 14 13 14 13 13 13 16
Other Noncurrent Operating Liabilities
29 29 19 19 12 16 15 9.00
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
626 649 626 616 546 522 493 427
Total Preferred & Common Equity
624 647 625 615 545 521 492 425
Total Common Equity
624 647 625 615 545 521 492 425
Common Stock
65 84 88 94 78 61 60 64
Retained Earnings
617 609 593 571 522 504 477 439
Accumulated Other Comprehensive Income / (Loss)
-57 -45 -56 -50 -55 -44 -46 -78
Noncontrolling Interest
1.70 1.30 1.30 1.30 1.30 1.30 1.30 1.30

Annual Metrics And Ratios for Tennant

This table displays calculated financial ratios and metrics derived from Tennant's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics
- - - - - - - - - - -
Revenue Growth
3.47% 13.86% 0.13% 8.97% -12.01% 1.26% 12.00% 24.06% -0.40% -1.24% 9.30%
EBITDA Growth
-10.30% 39.25% -7.20% 30.29% -11.33% 11.78% 69.01% -22.09% 23.20% -23.54% 11.69%
EBIT Growth
-17.04% 58.55% -6.58% 58.46% -18.52% 27.99% 158.53% -67.82% 30.79% -27.33% 15.85%
NOPAT Growth
-25.53% 68.58% -11.39% 57.12% -14.42% 12.45% 134.95% -51.73% 41.43% -35.56% 25.25%
Net Income Growth
-23.56% 65.16% 2.16% 92.58% -26.58% 37.01% 640.32% -113.30% 45.27% -36.65% 25.90%
EPS Growth
-24.87% 64.23% 3.20% 90.06% -27.02% 36.26% 620.00% -113.51% 48.85% -35.56% 26.17%
Operating Cash Flow Growth
-52.39% 850.60% -136.17% -48.13% 86.09% -10.13% 47.60% -6.35% 27.96% -23.80% -0.76%
Free Cash Flow Firm Growth
-84.61% 517.14% -143.67% 5.88% 262.13% -75.56% 125.29% -3,397.64% -66.79% -40.04% 25.44%
Invested Capital Growth
10.00% -3.22% 17.80% 0.37% -3.71% 6.87% -5.02% 140.55% 17.22% 1.43% 0.56%
Revenue Q/Q Growth
1.38% 1.67% 1.35% 0.31% -2.12% 0.84% 0.53% 7.22% 0.73% -1.27% 2.64%
EBITDA Q/Q Growth
-9.24% -1.31% 12.38% 2.68% -7.98% 4.04% 4.98% -7.09% 5.33% -6.42% 4.63%
EBIT Q/Q Growth
-13.38% -2.56% 22.32% 4.86% -15.71% 8.30% 12.45% -40.10% 6.66% -7.88% 6.16%
NOPAT Q/Q Growth
-21.80% 6.38% 33.25% 3.52% -15.88% 5.59% 15.16% -11.84% 5.24% -12.39% 17.90%
Net Income Q/Q Growth
-22.57% 7.04% 31.55% 9.08% -20.33% 7.75% 48.78% -150.19% 4.89% -11.93% 16.68%
EPS Q/Q Growth
-22.75% 6.58% 31.97% 9.21% -20.26% 6.90% 50.41% -151.47% 4.86% -10.31% 16.38%
Operating Cash Flow Q/Q Growth
-22.67% 36.23% 22.29% -30.04% 8.60% -12.95% 21.81% -4.44% 21.57% -15.36% -0.78%
Free Cash Flow Firm Q/Q Growth
354.08% 58.76% 14.36% -22.14% -30.28% 1.54% 18.47% -0.28% 172.45% -42.99% 26.15%
Invested Capital Q/Q Growth
-5.43% -0.09% 6.89% 5.89% 1.36% -2.31% -2.94% -1.84% -3.54% 6.08% -2.66%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
42.75% 42.44% 38.54% 40.15% 40.74% 40.59% 39.61% 39.86% 43.48% 43.00% 42.88%
EBITDA Margin
13.13% 15.15% 12.39% 13.37% 11.18% 11.09% 10.05% 6.66% 10.60% 8.57% 11.07%
Operating Margin
8.88% 11.15% 7.98% 8.59% 6.36% 6.31% 5.16% 3.29% 8.44% 6.55% 8.77%
EBIT Margin
8.85% 11.04% 7.93% 8.50% 5.84% 6.31% 4.99% 2.16% 8.34% 6.35% 8.63%
Profit (Net Income) Margin
6.51% 8.81% 6.07% 5.95% 3.37% 4.03% 2.98% -0.62% 5.77% 3.95% 6.16%
Tax Burden Percent
79.87% 88.45% 83.40% 87.58% 82.00% 85.00% 93.58% 476.92% 70.11% 63.64% 72.84%
Interest Burden Percent
92.01% 90.17% 91.80% 79.94% 70.26% 75.21% 63.81% -5.99% 98.59% 97.79% 98.00%
Effective Tax Rate
20.13% 11.55% 16.60% 12.42% 18.00% 15.00% 6.42% 0.00% 29.89% 36.36% 27.16%
Return on Invested Capital (ROIC)
12.61% 17.50% 11.05% 13.60% 8.51% 10.08% 9.03% 5.30% 20.16% 15.59% 24.44%
ROIC Less NNEP Spread (ROIC-NNEP)
6.47% 10.04% 7.91% 4.21% 0.46% 4.41% 1.95% -14.54% 24.60% 19.14% 27.69%
Return on Net Nonoperating Assets (RNNOA)
1.33% 3.35% 3.57% 1.83% 0.27% 3.47% 1.86% -7.44% -2.60% -3.55% -5.84%
Return on Equity (ROE)
13.95% 20.85% 14.62% 15.43% 8.78% 13.55% 10.90% -2.15% 17.57% 12.04% 18.60%
Cash Return on Invested Capital (CROIC)
3.09% 20.77% -5.30% 13.24% 12.29% 3.44% 14.19% -77.25% 4.31% 14.18% 23.88%
Operating Return on Assets (OROA)
9.89% 12.49% 8.07% 8.65% 5.45% 6.99% 5.65% 2.96% 14.95% 11.22% 15.05%
Return on Assets (ROA)
7.27% 9.96% 6.18% 6.05% 3.14% 4.47% 3.37% -0.85% 10.33% 6.98% 10.74%
Return on Common Equity (ROCE)
13.92% 20.80% 14.57% 15.38% 8.75% 13.48% 10.83% -2.14% 17.57% 12.04% 18.60%
Return on Equity Simple (ROE_SIMPLE)
13.48% 18.98% 14.08% 14.96% 8.33% 12.75% 10.66% -2.09% 16.73% 12.72% 18.05%
Net Operating Profit after Tax (NOPAT)
91 123 73 82 52 61 54 23 48 34 53
NOPAT Margin
7.09% 9.86% 6.66% 7.52% 5.22% 5.36% 4.83% 2.30% 5.92% 4.17% 6.39%
Net Nonoperating Expense Percent (NNEP)
6.15% 7.46% 3.14% 9.39% 8.05% 5.68% 7.08% 19.84% -4.44% -3.54% -3.25%
Return On Investment Capital (ROIC_SIMPLE)
10.64% 15.20% 9.21% - - - - - - - -
Cost of Revenue to Revenue
57.26% 57.56% 61.46% 59.85% 59.26% 59.41% 60.39% 60.14% 56.52% 57.00% 57.12%
SG&A Expenses to Revenue
30.46% 28.35% 28.04% 29.51% 31.37% 31.40% 31.71% 33.38% 30.74% 31.08% 30.52%
R&D to Revenue
3.40% 2.94% 2.85% 2.95% 3.01% 2.87% 2.73% 3.19% 4.30% 3.99% 3.58%
Operating Expenses to Revenue
33.86% 31.30% 30.55% 31.56% 34.38% 34.27% 34.45% 36.57% 35.04% 36.45% 34.10%
Earnings before Interest and Taxes (EBIT)
114 137 87 93 59 72 56 22 67 52 71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
169 188 135 146 112 126 113 67 86 70 91
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.48 2.97 2.37 3.35 3.06 3.73 2.79 4.02 4.09 3.56 4.18
Price to Tangible Book Value (P/TBV)
4.09 5.24 5.26 10.17 17.48 49.50 0.00 0.00 4.54 3.87 4.76
Price to Revenue (P/Rev)
1.20 1.38 1.02 1.33 1.24 1.18 0.78 1.19 1.41 1.11 1.43
Price to Earnings (P/E)
18.38 15.63 16.84 22.36 36.72 29.29 26.30 0.00 24.43 28.00 23.17
Dividend Yield
1.39% 1.17% 1.69% 1.20% 1.33% 1.20% 1.75% 1.26% 1.25% 1.59% 1.22%
Earnings Yield
5.44% 6.40% 5.94% 4.47% 2.72% 3.41% 3.80% 0.00% 4.09% 3.57% 4.32%
Enterprise Value to Invested Capital (EV/IC)
2.21 2.65 1.91 2.68 2.38 2.57 1.96 2.45 4.36 3.99 5.14
Enterprise Value to Revenue (EV/Rev)
1.30 1.47 1.24 1.49 1.43 1.41 1.02 1.51 1.38 1.07 1.35
Enterprise Value to EBITDA (EV/EBITDA)
9.92 9.68 10.04 11.12 12.82 12.74 10.18 22.62 13.02 12.52 12.18
Enterprise Value to EBIT (EV/EBIT)
14.71 13.28 15.68 17.50 24.53 22.38 20.48 69.64 16.56 16.89 15.62
Enterprise Value to NOPAT (EV/NOPAT)
18.36 14.88 18.67 19.76 27.48 26.33 21.17 65.42 23.33 25.74 21.11
Enterprise Value to Operating Cash Flow (EV/OCF)
18.68 9.68 0.00 23.37 10.73 22.35 14.36 27.88 19.29 19.26 18.67
Enterprise Value to Free Cash Flow (EV/FCFF)
74.86 12.54 0.00 20.31 19.02 77.16 13.48 0.00 109.26 28.31 21.60
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.38 0.39 0.67 0.67 0.83 0.94 1.12 1.26 0.13 0.10 0.10
Long-Term Debt to Equity
0.38 0.38 0.66 0.66 0.80 0.85 1.04 1.16 0.12 0.08 0.09
Financial Leverage
0.21 0.33 0.45 0.43 0.60 0.79 0.95 0.51 -0.11 -0.19 -0.21
Leverage Ratio
1.92 2.09 2.37 2.55 2.80 3.03 3.23 2.54 1.70 1.73 1.73
Compound Leverage Factor
1.77 1.89 2.17 2.04 1.96 2.28 2.06 -0.15 1.68 1.69 1.70
Debt to Total Capital
27.49% 28.28% 40.20% 40.24% 45.37% 48.39% 52.89% 55.80% 11.50% 8.90% 9.11%
Short-Term Debt to Total Capital
0.15% 0.79% 0.66% 0.58% 1.47% 4.47% 4.02% 4.57% 1.10% 1.25% 1.15%
Long-Term Debt to Total Capital
27.33% 27.48% 39.54% 39.66% 43.90% 43.92% 48.87% 51.23% 10.40% 7.66% 7.96%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.15% 0.16% 0.16% 0.18% 0.17% 0.20% 0.28% 0.29% 0.00% 0.00% 0.00%
Common Equity to Total Capital
72.36% 71.56% 59.63% 59.58% 54.46% 51.41% 46.83% 43.91% 88.50% 91.10% 90.89%
Debt to EBITDA
1.40 1.21 2.35 2.01 3.01 2.68 3.15 5.64 0.42 0.35 0.31
Net Debt to EBITDA
0.80 0.59 1.77 1.16 1.75 2.09 2.38 4.76 -0.26 -0.39 -0.72
Long-Term Debt to EBITDA
1.39 1.18 2.31 1.98 2.92 2.44 2.91 5.18 0.38 0.30 0.27
Debt to NOPAT
2.58 1.86 4.36 3.57 6.46 5.55 6.54 16.31 0.76 0.73 0.54
Net Debt to NOPAT
1.49 0.90 3.30 2.06 3.76 4.33 4.96 13.76 -0.47 -0.81 -1.24
Long-Term Debt to NOPAT
2.57 1.81 4.29 3.52 6.25 5.04 6.05 14.98 0.68 0.63 0.47
Altman Z-Score
4.03 4.45 3.30 3.51 2.94 3.13 2.81 2.75 7.13 6.66 6.90
Noncontrolling Interest Sharing Ratio
0.22% 0.25% 0.29% 0.31% 0.35% 0.49% 0.63% 0.34% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.97 2.08 2.20 1.81 1.94 1.75 1.88 1.79 2.24 2.20 2.38
Quick Ratio
0.89 0.90 0.96 0.73 0.79 1.08 0.87 1.13 1.56 1.44 1.68
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
22 145 -35 80 75 21 85 -337 10 31 51
Operating Cash Flow to CapEx
429.19% 826.32% -100.40% 357.73% 448.99% 187.73% 427.81% 302.79% 223.37% 185.04% 307.70%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 7.07 0.00 1.17 3.66 -13.27 7.99 23.43 29.80
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 6.14 0.00 4.04 3.43 2.13 45.25 34.45 34.47
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 4.42 0.00 1.89 2.63 1.43 24.99 15.83 23.27
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.12 1.13 1.02 1.02 0.93 1.11 1.13 1.37 1.79 1.77 1.74
Accounts Receivable Turnover
5.08 4.98 4.72 5.30 4.73 5.18 5.28 5.59 5.58 5.54 5.62
Inventory Turnover
4.10 3.74 3.66 4.53 4.27 4.74 5.16 5.85 5.86 5.86 6.37
Fixed Asset Turnover
6.92 6.77 6.19 6.09 5.58 6.76 6.54 6.87 7.81 8.95 9.67
Accounts Payable Turnover
6.18 6.03 5.42 5.73 5.92 7.02 6.98 8.41 9.35 8.26 8.19
Days Sales Outstanding (DSO)
71.87 73.24 77.35 68.81 77.16 70.51 69.15 65.25 65.36 65.83 64.96
Days Inventory Outstanding (DIO)
89.11 97.52 99.83 80.60 85.47 77.01 70.69 62.41 62.27 62.24 57.30
Days Payable Outstanding (DPO)
59.03 60.55 67.31 63.68 61.65 51.98 52.31 43.41 39.04 44.16 44.58
Cash Conversion Cycle (CCC)
101.94 110.21 109.86 85.73 100.97 95.54 87.53 84.26 88.59 83.90 77.67
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
758 689 712 605 602 626 585 616 256 219 215
Invested Capital Turnover
1.78 1.77 1.66 1.81 1.63 1.88 1.87 2.30 3.41 3.74 3.83
Increase / (Decrease) in Invested Capital
69 -23 108 2.20 -23 40 -31 360 38 3.07 1.20
Enterprise Value (EV)
1,676 1,824 1,358 1,622 1,435 1,607 1,149 1,511 1,117 871 1,108
Market Capitalization
1,539 1,712 1,117 1,451 1,238 1,342 878 1,191 1,139 898 1,174
Book Value per Share
$32.89 $30.89 $25.32 $23.40 $21.91 $19.70 $17.35 $16.61 $15.80 $14.14 $15.25
Tangible Book Value per Share
$19.95 $17.48 $11.42 $7.70 $3.83 $1.48 ($0.82) ($3.47) $14.24 $13.02 $13.41
Total Capital
858 806 790 728 743 700 671 675 315 277 309
Total Debt
236 228 317 293 337 339 355 377 36 25 28
Total Long-Term Debt
235 222 312 289 326 308 328 346 33 21 25
Net Debt
136 111 240 169 196 264 269 318 -22 -27 -65
Capital Expenditures (CapEx)
21 23 25 19 30 38 19 18 26 24 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
186 185 242 117 109 163 161 158 110 112 112
Debt-free Net Working Capital (DFNWC)
286 302 319 241 250 237 247 217 169 164 205
Net Working Capital (NWC)
284 295 314 237 239 206 220 187 165 160 201
Net Nonoperating Expense (NNE)
7.59 13 6.42 17 19 15 21 29 1.24 1.75 1.86
Net Nonoperating Obligations (NNO)
136 111 240 169 196 264 269 318 -22 -34 -65
Total Depreciation and Amortization (D&A)
55 51 49 53 53 54 57 45 18 18 20
Debt-free, Cash-free Net Working Capital to Revenue
14.45% 14.85% 22.11% 10.74% 10.91% 14.31% 14.29% 15.80% 13.60% 13.79% 13.59%
Debt-free Net Working Capital to Revenue
22.20% 24.27% 29.20% 22.07% 25.00% 20.87% 21.96% 21.68% 20.85% 20.19% 24.94%
Net Working Capital to Revenue
22.10% 23.75% 28.72% 21.68% 23.91% 18.12% 19.56% 18.60% 20.42% 19.76% 24.51%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$4.46 $5.92 $3.58 $3.51 $1.84 $2.53 $1.86 ($0.35) $2.66 $1.78 $2.78
Adjusted Weighted Average Basic Shares Outstanding
18.79M 18.51M 18.49M 18.50M 18.35M 18.12M 17.94M 17.70M 17.52M 18.02M 18.22M
Adjusted Diluted Earnings per Share
$4.38 $5.83 $3.55 $3.44 $1.81 $2.48 $1.82 ($0.35) $2.59 $1.74 $2.70
Adjusted Weighted Average Diluted Shares Outstanding
19.10M 18.78M 18.70M 18.85M 18.64M 18.45M 18.34M 17.70M 17.98M 18.49M 18.74M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
18.82M 18.62M 18.52M 18.53M 18.52M 18.35M 18.12M 17.88M 17.70M 17.65M 18.42M
Normalized Net Operating Profit after Tax (NOPAT)
91 123 70 73 52 61 54 23 48 41 53
Normalized NOPAT Margin
7.09% 9.86% 6.38% 6.74% 5.22% 5.36% 4.83% 2.30% 5.92% 5.05% 6.39%
Pre Tax Income Margin
8.14% 9.96% 7.28% 6.79% 4.11% 4.75% 3.19% -0.13% 8.22% 6.21% 8.46%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 8.20 0.00 4.03 2.41 0.85 52.73 39.27 41.21
NOPAT to Interest Expense
0.00 0.00 0.00 7.26 0.00 3.43 2.33 0.91 37.42 25.77 30.50
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 6.49 0.00 1.88 1.61 0.15 32.47 20.66 30.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 5.55 0.00 1.28 1.53 0.20 17.16 7.16 19.29
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
25.57% 18.36% 28.51% 26.96% 48.66% 35.95% 45.67% -241.94% 30.66% 45.18% 28.60%
Augmented Payout Ratio
48.98% 38.17% 36.05% 50.08% 48.66% 35.95% 45.67% -241.94% 58.04% 188.53% 56.43%

Quarterly Metrics And Ratios for Tennant

This table displays calculated financial ratios and metrics derived from Tennant's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-6.75% 5.62% 3.64% 2.89% 1.70% 7.01% 15.90% 14.81% 18.48% 5.28% -3.35%
EBITDA Growth
-34.18% -45.03% -4.36% -5.67% 6.26% -6.14% 37.84% 67.86% 72.92% 57.75% -7.50%
EBIT Growth
-47.86% -71.84% -9.04% -10.25% 4.76% -12.81% 50.91% 104.19% 138.00% 128.46% -3.93%
NOPAT Growth
-50.80% -72.59% -12.91% -14.47% 11.30% 26.16% 57.62% 83.03% 166.49% 206.73% -26.83%
Net Income Growth
-53.87% -78.71% -9.17% -10.86% 16.87% 30.25% 46.79% 88.55% 135.92% 201.27% -27.44%
EPS Growth
-53.69% -78.66% -9.92% -13.69% 14.62% 28.13% 45.78% 88.76% 136.36% 204.76% -27.19%
Operating Cash Flow Growth
-113.79% -41.22% -43.57% -52.43% -90.68% 365.69% 457.89% 389.63% 407.92% 110.77% -160.56%
Free Cash Flow Firm Growth
37.31% -203.51% -3,078.75% 15.03% 68.19% 171.57% 103.79% 30.95% 9.20% -1,293.69% -269.26%
Invested Capital Growth
3.51% 10.00% 16.21% 8.72% 6.90% -3.22% 3.54% 11.39% 13.91% 17.80% 16.69%
Revenue Q/Q Growth
-11.83% 4.15% -4.59% 6.43% -0.13% 2.20% -5.28% 5.20% 5.09% 10.69% -6.17%
EBITDA Q/Q Growth
59.52% -52.16% -17.48% 4.52% 33.25% -16.78% -18.62% 17.75% 17.69% 22.22% -0.89%
EBIT Q/Q Growth
182.61% -77.15% -23.35% 5.35% 52.65% -26.20% -24.37% 22.97% 27.05% 27.73% 2.33%
NOPAT Q/Q Growth
57.73% -59.11% -20.70% -3.81% -12.11% 29.90% -22.12% 25.17% -0.38% 62.30% -9.57%
Net Income Q/Q Growth
98.48% -68.27% -25.45% -1.76% -8.39% 35.37% -26.84% 28.81% 2.10% 52.56% -6.02%
EPS Q/Q Growth
97.14% -67.89% -24.83% -2.68% -9.15% 35.54% -27.98% 29.23% 1.56% 54.22% -6.74%
Operating Cash Flow Q/Q Growth
-101.07% 22.15% 65.05% 541.38% -95.45% 17.28% 39.13% 25.72% 127.01% 190.13% -12.59%
Free Cash Flow Firm Q/Q Growth
79.69% 32.96% -162.96% -75.07% -133.54% 1,829.36% 107.50% 34.46% 24.55% -2.29% -36.52%
Invested Capital Q/Q Growth
4.97% -5.43% 2.19% 2.03% 11.55% -0.09% -4.39% 0.32% 1.00% 6.89% 2.86%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
41.38% 41.35% 42.37% 43.11% 44.21% 42.00% 43.32% 43.36% 41.04% 39.59% 38.30%
EBITDA Margin
11.55% 6.38% 13.90% 16.07% 16.37% 12.27% 15.06% 17.53% 15.66% 13.99% 12.67%
Operating Margin
6.76% 2.31% 9.69% 11.66% 12.06% 7.87% 11.39% 13.52% 11.74% 9.76% 8.14%
EBIT Margin
6.72% 2.10% 9.56% 11.90% 12.03% 7.87% 10.90% 13.65% 11.67% 9.66% 8.37%
Profit (Net Income) Margin
4.52% 2.01% 6.59% 8.43% 9.13% 9.96% 7.52% 9.73% 7.95% 8.18% 5.93%
Tax Burden Percent
76.16% 124.53% 75.64% 75.61% 80.91% 140.91% 76.59% 78.45% 75.94% 96.36% 78.79%
Interest Burden Percent
88.21% 76.81% 91.06% 93.65% 93.85% 89.80% 90.06% 90.89% 89.64% 87.90% 90.00%
Effective Tax Rate
23.84% -24.53% 24.36% 24.39% 19.09% -40.91% 23.41% 21.55% 24.06% 3.64% 21.21%
Return on Invested Capital (ROIC)
8.33% 5.12% 12.47% 14.73% 16.38% 19.68% 15.74% 18.31% 15.05% 15.60% 11.17%
ROIC Less NNEP Spread (ROIC-NNEP)
7.20% 2.80% 10.89% 14.01% 15.35% 17.67% 13.82% 16.94% 13.64% 13.86% 10.49%
Return on Net Nonoperating Assets (RNNOA)
1.87% 0.58% 2.70% 4.37% 5.24% 5.90% 5.44% 7.32% 6.16% 6.25% 4.43%
Return on Equity (ROE)
10.20% 5.69% 15.18% 19.11% 21.62% 25.58% 21.18% 25.63% 21.21% 21.86% 15.60%
Cash Return on Invested Capital (CROIC)
6.25% 3.09% 0.66% 7.63% 10.20% 20.77% 13.52% 4.62% 0.33% -5.30% -6.58%
Operating Return on Assets (OROA)
7.30% 2.34% 10.67% 13.16% 13.33% 8.90% 12.91% 15.11% 12.37% 9.83% 8.70%
Return on Assets (ROA)
4.90% 2.24% 7.35% 9.32% 10.13% 11.26% 8.91% 10.78% 8.42% 8.32% 6.17%
Return on Common Equity (ROCE)
10.17% 5.68% 15.15% 19.06% 21.57% 25.52% 21.12% 25.56% 21.15% 21.79% 15.56%
Return on Equity Simple (ROE_SIMPLE)
10.95% 0.00% 16.70% 17.64% 18.48% 0.00% 18.77% 18.25% 16.32% 0.00% 11.85%
Net Operating Profit after Tax (NOPAT)
15 9.46 23 29 30 35 27 34 27 27 17
NOPAT Margin
5.15% 2.88% 7.33% 8.82% 9.76% 11.09% 8.72% 10.61% 8.91% 9.40% 6.41%
Net Nonoperating Expense Percent (NNEP)
1.13% 2.32% 1.58% 0.72% 1.03% 2.01% 1.92% 1.37% 1.41% 1.74% 0.69%
Return On Investment Capital (ROIC_SIMPLE)
1.71% 1.10% - - - 4.28% - - - 3.47% -
Cost of Revenue to Revenue
58.62% 58.65% 57.63% 56.89% 55.79% 58.00% 56.68% 56.64% 58.96% 60.41% 61.70%
SG&A Expenses to Revenue
31.28% 35.39% 29.35% 28.07% 28.91% 30.73% 28.95% 27.04% 26.72% 27.22% 27.16%
R&D to Revenue
3.34% 3.65% 3.32% 3.38% 3.25% 3.40% 2.99% 2.80% 2.58% 2.61% 3.00%
Operating Expenses to Revenue
34.62% 39.04% 32.68% 31.45% 32.15% 34.14% 31.93% 29.84% 29.30% 29.83% 30.16%
Earnings before Interest and Taxes (EBIT)
20 6.90 30 39 37 25 33 44 36 28 22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
34 21 44 53 51 38 46 56 48 41 33
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.40 2.48 2.81 3.00 3.69 2.97 2.50 2.85 2.54 2.37 2.42
Price to Tangible Book Value (P/TBV)
4.01 4.09 4.75 5.11 6.47 5.24 4.54 5.59 5.35 5.26 5.63
Price to Revenue (P/Rev)
1.19 1.20 1.43 1.49 1.81 1.38 1.11 1.26 1.10 1.02 0.95
Price to Earnings (P/E)
21.94 18.38 16.80 16.98 19.94 15.63 13.32 15.62 15.57 16.84 20.38
Dividend Yield
1.44% 1.39% 1.17% 1.12% 0.90% 1.17% 1.45% 1.30% 1.53% 1.69% 1.81%
Earnings Yield
4.56% 5.44% 5.95% 5.89% 5.01% 6.40% 7.51% 6.40% 6.42% 5.94% 4.91%
Enterprise Value to Invested Capital (EV/IC)
2.10 2.21 2.46 2.59 3.15 2.65 2.19 2.34 2.05 1.91 1.90
Enterprise Value to Revenue (EV/Rev)
1.32 1.30 1.55 1.61 1.94 1.47 1.23 1.43 1.30 1.24 1.18
Enterprise Value to EBITDA (EV/EBITDA)
11.03 9.92 10.58 10.79 12.64 9.68 7.90 9.45 9.50 10.04 10.53
Enterprise Value to EBIT (EV/EBIT)
17.42 14.71 14.98 15.10 17.41 13.28 10.70 12.99 13.77 15.68 17.91
Enterprise Value to NOPAT (EV/NOPAT)
22.04 18.36 16.88 16.88 19.28 14.88 13.08 15.98 16.42 18.67 23.24
Enterprise Value to Operating Cash Flow (EV/OCF)
19.35 18.68 16.98 14.54 15.10 9.68 10.90 24.52 91.78 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
34.21 74.86 399.58 35.36 31.88 12.54 16.45 53.24 669.91 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.40 0.38 0.38 0.39 0.39 0.39 0.44 0.57 0.64 0.67 0.70
Long-Term Debt to Equity
0.40 0.38 0.38 0.38 0.38 0.38 0.43 0.56 0.63 0.66 0.69
Financial Leverage
0.26 0.21 0.25 0.31 0.34 0.33 0.39 0.43 0.45 0.45 0.42
Leverage Ratio
1.88 1.92 1.90 1.98 2.03 2.09 2.12 2.23 2.31 2.37 2.38
Compound Leverage Factor
1.66 1.47 1.73 1.86 1.91 1.88 1.91 2.03 2.07 2.08 2.14
Debt to Total Capital
28.47% 27.49% 27.37% 27.97% 28.18% 28.28% 30.57% 36.14% 39.16% 40.20% 41.20%
Short-Term Debt to Total Capital
0.06% 0.15% 0.07% 0.90% 0.84% 0.79% 0.75% 0.65% 0.65% 0.66% 0.73%
Long-Term Debt to Total Capital
28.41% 27.33% 27.30% 27.08% 27.34% 27.48% 29.82% 35.49% 38.50% 39.54% 40.47%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.19% 0.15% 0.15% 0.15% 0.15% 0.16% 0.17% 0.16% 0.16% 0.16% 0.18%
Common Equity to Total Capital
71.34% 72.36% 72.48% 71.88% 71.67% 71.56% 69.27% 63.70% 60.68% 59.63% 58.62%
Debt to EBITDA
1.64 1.40 1.31 1.29 1.26 1.21 1.26 1.66 2.04 2.35 2.48
Net Debt to EBITDA
1.12 0.80 0.82 0.84 0.80 0.59 0.75 1.12 1.45 1.77 1.99
Long-Term Debt to EBITDA
1.64 1.39 1.31 1.25 1.23 1.18 1.23 1.63 2.01 2.31 2.44
Debt to NOPAT
3.28 2.58 2.09 2.02 1.93 1.86 2.09 2.80 3.53 4.36 5.48
Net Debt to NOPAT
2.24 1.49 1.31 1.32 1.22 0.90 1.25 1.89 2.51 3.30 4.39
Long-Term Debt to NOPAT
3.28 2.57 2.09 1.96 1.87 1.81 2.04 2.75 3.47 4.29 5.38
Altman Z-Score
3.78 3.73 4.06 4.29 4.74 4.12 3.89 3.71 3.34 3.12 3.15
Noncontrolling Interest Sharing Ratio
0.24% 0.22% 0.22% 0.23% 0.23% 0.25% 0.27% 0.27% 0.28% 0.29% 0.30%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.14 1.97 2.17 2.17 2.15 2.08 2.27 2.29 2.27 2.20 2.14
Quick Ratio
0.98 0.89 0.95 1.01 0.99 0.90 0.99 1.02 0.99 0.96 0.90
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-12 -59 -89 -34 -19 57 2.98 -40 -61 -80 -78
Operating Cash Flow to CapEx
-5.63% 416.67% 697.73% 432.56% 90.63% 911.43% 1,554.29% 737.74% 444.29% 244.64% -170.79%
Free Cash Flow to Firm to Interest Expense
-5.25 0.00 -32.84 -13.49 0.00 0.00 0.90 -9.92 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
-0.17 0.00 11.37 7.44 0.00 0.00 16.48 9.78 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
-3.26 0.00 9.74 5.72 0.00 0.00 15.42 8.45 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.09 1.12 1.12 1.11 1.11 1.13 1.19 1.11 1.06 1.02 1.04
Accounts Receivable Turnover
4.98 5.08 5.06 4.73 4.88 4.98 5.30 4.93 5.02 4.72 5.16
Inventory Turnover
3.93 4.10 3.75 3.69 3.68 3.74 3.70 3.62 3.57 3.66 3.75
Fixed Asset Turnover
6.83 6.92 6.94 6.91 6.80 6.77 7.03 6.68 6.44 6.19 6.42
Accounts Payable Turnover
6.10 6.18 6.40 5.92 5.85 6.03 6.82 6.00 5.83 5.42 5.90
Days Sales Outstanding (DSO)
73.32 71.87 72.20 77.22 74.77 73.24 68.81 74.03 72.65 77.35 70.74
Days Inventory Outstanding (DIO)
92.77 89.11 97.35 99.05 99.10 97.52 98.62 100.82 102.27 99.83 97.30
Days Payable Outstanding (DPO)
59.79 59.03 57.06 61.68 62.42 60.55 53.52 60.81 62.63 67.31 61.82
Cash Conversion Cycle (CCC)
106.30 101.94 112.48 114.58 111.45 110.21 113.91 114.04 112.30 109.86 106.22
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
796 758 802 784 769 689 690 722 719 712 666
Invested Capital Turnover
1.62 1.78 1.70 1.67 1.68 1.77 1.80 1.73 1.69 1.66 1.74
Increase / (Decrease) in Invested Capital
27 69 112 63 50 -23 24 74 88 108 95
Enterprise Value (EV)
1,672 1,676 1,970 2,031 2,420 1,824 1,507 1,685 1,478 1,358 1,268
Market Capitalization
1,501 1,539 1,816 1,871 2,265 1,712 1,362 1,484 1,250 1,117 1,027
Book Value per Share
$33.18 $32.89 $34.24 $32.86 $32.93 $30.89 $29.33 $28.13 $26.55 $25.32 $22.87
Tangible Book Value per Share
$19.89 $19.95 $20.23 $19.26 $18.76 $17.48 $16.16 $14.34 $12.62 $11.42 $9.82
Total Capital
875 858 893 869 858 806 787 817 811 790 725
Total Debt
249 236 244 243 242 228 241 295 317 317 299
Total Long-Term Debt
249 235 244 235 235 222 235 290 312 312 294
Net Debt
170 136 153 159 153 111 144 200 226 240 240
Capital Expenditures (CapEx)
7.10 9.00 4.40 4.30 3.20 7.00 3.50 5.30 7.00 5.60 8.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)
215 186 230 235 219 185 219 242 240 242 224
Debt-free Net Working Capital (DFNWC)
294 286 321 319 308 302 316 337 331 319 283
Net Working Capital (NWC)
294 284 320 312 301 295 310 332 326 314 278
Net Nonoperating Expense (NNE)
1.83 2.86 2.34 1.29 1.94 3.52 3.68 2.82 2.96 3.57 1.26
Net Nonoperating Obligations (NNO)
170 136 153 159 153 111 144 200 226 240 240
Total Depreciation and Amortization (D&A)
14 14 14 14 14 14 13 13 12 13 11
Debt-free, Cash-free Net Working Capital to Revenue
16.95% 14.45% 18.10% 18.66% 17.54% 14.85% 17.88% 20.44% 21.01% 22.11% 20.78%
Debt-free Net Working Capital to Revenue
23.23% 22.20% 25.29% 25.39% 24.66% 24.27% 25.81% 28.55% 29.03% 29.20% 26.27%
Net Working Capital to Revenue
23.19% 22.10% 25.24% 24.77% 24.08% 23.75% 25.33% 28.10% 28.56% 28.72% 25.78%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.70 $0.36 $1.11 $1.47 $1.52 $1.67 $1.23 $1.70 $1.32 $1.28 $0.84
Adjusted Weighted Average Basic Shares Outstanding
18.70M 18.79M 18.81M 18.90M 18.67M 18.51M 18.57M 18.44M 18.45M 18.49M 18.52M
Adjusted Diluted Earnings per Share
$0.69 $0.35 $1.09 $1.45 $1.49 $1.64 $1.21 $1.68 $1.30 $1.28 $0.83
Adjusted Weighted Average Diluted Shares Outstanding
18.96M 19.10M 19.09M 19.21M 19.08M 18.78M 18.88M 18.71M 18.68M 18.70M 18.69M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
18.65M 18.82M 18.87M 18.90M 19.01M 18.62M 18.68M 18.58M 18.51M 18.52M 18.60M
Normalized Net Operating Profit after Tax (NOPAT)
15 5.32 23 29 30 17 27 34 27 27 17
Normalized NOPAT Margin
5.15% 1.62% 7.33% 8.82% 9.76% 5.51% 8.72% 10.61% 8.91% 9.40% 6.41%
Pre Tax Income Margin
5.93% 1.61% 8.71% 11.15% 11.29% 7.06% 9.81% 12.40% 10.46% 8.49% 7.53%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
8.48 0.00 11.19 15.76 0.00 0.00 10.06 10.98 0.00 0.00 0.00
NOPAT to Interest Expense
6.49 0.00 8.57 11.67 0.00 0.00 8.05 8.53 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
5.39 0.00 9.56 14.04 0.00 0.00 9.00 9.65 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
3.40 0.00 6.94 9.95 0.00 0.00 6.99 7.21 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
31.73% 25.57% 19.61% 18.97% 18.05% 18.36% 19.26% 20.53% 23.91% 28.51% 36.90%
Augmented Payout Ratio
88.30% 48.98% 44.68% 37.84% 33.71% 38.17% 35.58% 36.32% 36.36% 36.05% 51.79%

Frequently Asked Questions About Tennant's Financials

When does Tennant's fiscal year end?

According to the most recent income statement we have on file, Tennant's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Tennant's net income changed over the last 10 years?

Tennant's net income appears to be on an upward trend, with a most recent value of $83.70 million in 2024, rising from $50.65 million in 2014. The previous period was $109.50 million in 2023. Find out what analysts predict for Tennant in the coming months.

What is Tennant's operating income?
Tennant's total operating income in 2024 was $114.30 million, based on the following breakdown:
  • Total Gross Profit: $550 million
  • Total Operating Expenses: $435.70 million
How has Tennant revenue changed over the last 10 years?

Over the last 10 years, Tennant's total revenue changed from $821.98 million in 2014 to $1.29 billion in 2024, a change of 56.5%.

How much debt does Tennant have?

Tennant's total liabilities were at $568 million at the end of 2024, a 6.1% increase from 2023, and a 175.4% increase since 2014.

How has Tennant's book value per share changed over the last 10 years?

Over the last 10 years, Tennant's book value per share changed from 15.25 in 2014 to 32.89 in 2024, a change of 115.7%.



This page (NYSE:TNC) was last updated on 5/28/2025 by MarketBeat.com Staff
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