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Tennant (TNC) Financials

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$68.75 +2.43 (+3.66%)
As of 03:58 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 32 47 -6.20 33 46 34 65 66 110 84 44
Consolidated Net Income / (Loss)		 32 47 -6.20 34 46 34 65 66 110 84 44
Net Income / (Loss) Continuing Operations		 32 47 -6.20 34 46 34 65 66 110 84 44
Total Pre-Tax Income 		50 66 -1.30 36 54 41 74 80 124 105 58
Total Operating Income		 53 68 33 58 72 64 94 87 139 114 68
Total Gross Profit		 349 352 400 445 462 408 438 421 528 550 484
Total Revenue		 812 809 1,003 1,124 1,138 1,001 1,091 1,092 1,244 1,287 1,204
Operating Revenue		 812 809 1,003 1,124 1,138 1,001 1,091 1,092 1,244 1,287 1,204
Total Cost of Revenue		 463 457 603 679 676 593 653 671 716 737 719
Operating Cost of Revenue		 463 457 603 679 676 593 653 671 716 737 719
Total Operating Expenses		 296 283 367 387 390 344 344 334 389 436 416
Selling, General & Admin Expense		 252 249 335 356 357 314 322 306 353 392 375
Research & Development Expense		 32 35 32 31 33 30 32 31 37 44 41
Total Other Income / (Expense), net		 -2.75 -1.77 -34 -22 -18 -23 -20 -7.70 -15 -9.50 -10
Interest & Investment Income		 0.17 0.33 2.40 3.00 - -17 -7.30 -7.10 -14 -9.10 -9.00
Other Income / (Expense), net		 -1.61 -0.83 -11 -1.90 0.00 -5.20 -1.00 -0.60 -1.30 -0.40 -1.40
Income Tax Expense		 18 20 4.90 2.30 8.10 7.40 9.20 13 14 21 14
Basic Earnings per Share		 $1.78 $2.66 ($0.35) $1.86 $2.53 $1.84 $3.51 $3.58 $5.92 $4.46 $2.38
Weighted Average Basic Shares Outstanding		 18.02M 17.52M 17.70M 17.94M 18.12M 18.35M 18.50M 18.49M 18.51M 18.79M 18.37M
Diluted Earnings per Share		 $1.74 $2.59 ($0.35) $1.82 $2.48 $1.81 $3.44 $3.55 $5.83 $4.38 $2.36
Weighted Average Diluted Shares Outstanding		 18.49M 17.98M 17.70M 18.34M 18.45M 18.64M 18.85M 18.70M 18.78M 19.10M 18.58M
Weighted Average Basic & Diluted Shares Outstanding		 18M 17.50M 17.70M 18M 18.35M 18.52M 18.53M 18.52M 18.62M 18.82M 17.85M
Cash Dividends to Common per Share		 $0.80 $0.81 $0.84 $0.85 $0.88 $0.89 $0.94 $1.02 $1.08 $1.14 $1.20

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 31 28 28 21 6.60 13 20 15 -4.40 0.20 7.60
Consolidated Net Income / (Loss)		 31 28 28 21 6.60 13 20 15 -4.40 0.20 7.60
Net Income / (Loss) Continuing Operations		 31 28 28 21 6.60 13 20 15 -4.40 0.20 7.60
Total Pre-Tax Income 		22 35 37 28 5.30 17 27 19 -6.00 0.90 10
Total Operating Income		 25 38 39 31 7.60 20 31 22 -4.20 4.90 16
Total Gross Profit		 131 138 143 134 136 120 134 129 101 114 128
Total Revenue		 311 311 331 316 329 290 319 303 292 298 324
Operating Revenue		 311 311 331 316 329 290 319 303 292 298 324
Total Cost of Revenue		 181 174 188 182 193 170 185 174 191 184 196
Operating Cost of Revenue		 181 174 188 182 193 170 185 174 191 184 196
Total Operating Expenses		 106 100 104 103 128 100 104 107 105 109 112
Selling, General & Admin Expense		 96 90 93 93 116 91 94 97 94 98 100
Research & Development Expense		 11 10 11 11 12 9.70 9.80 11 11 11 13
Total Other Income / (Expense), net		 -2.50 -2.40 -1.70 -3.10 -2.30 -2.40 -3.30 -2.90 -1.80 -4.00 -5.60
Interest Expense		 - 2.30 2.50 2.70 - 2.30 2.20 2.40 - 3.40 4.30
Other Income / (Expense), net		 - -0.10 0.80 -0.40 -0.70 -0.10 -1.10 -0.50 0.30 -0.60 -1.30
Income Tax Expense		 -9.00 6.70 9.00 6.70 -1.30 4.10 7.10 4.50 -1.60 0.70 2.70
Basic Earnings per Share		 $1.67 $1.52 $1.47 $1.11 $0.36 $0.70 $1.10 $0.81 ($0.23) $0.01 $0.44
Weighted Average Basic Shares Outstanding		 18.51M 18.67M 18.90M 18.81M 18.79M 18.70M 18.51M 18.31M 18.37M 17.56M 16.90M
Diluted Earnings per Share		 $1.64 $1.49 $1.45 $1.09 $0.35 $0.69 $1.08 $0.80 ($0.21) $0.01 $0.44
Weighted Average Diluted Shares Outstanding		 18.78M 19.08M 19.21M 19.09M 19.10M 18.96M 18.69M 18.55M 18.58M 17.80M 17.17M
Weighted Average Basic & Diluted Shares Outstanding		 18.62M 19.01M 18.90M 18.87M 18.82M 18.65M 18.47M 18.13M 17.85M 17.04M 17.05M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -42 7.76 -1.70 27 -12 66 -17 -46 40 -17 6.60
Net Cash From Operating Activities		 45 58 54 80 72 134 69 -25 188 90 65
Net Cash From Continuing Operating Activities		 45 58 54 80 72 134 69 -25 188 90 65
Net Income / (Loss) Continuing Operations		 32 47 -6.20 34 46 34 65 66 110 84 44
Consolidated Net Income / (Loss)		 32 47 -6.20 34 46 34 65 66 110 84 44
Depreciation Expense		 17 18 26 32 32 33 33 33 36 40 45
Amortization Expense		 1.48 0.41 19 25 22 21 20 16 15 15 14
Non-Cash Adjustments To Reconcile Net Income		 20 4.15 21 8.70 20 11 15 7.40 16 16 19
Changes in Operating Assets and Liabilities, net		 -25 -11 -6.00 -19 -48 36 -63 -148 12 -65 -56
Net Cash From Investing Activities		 -24 -41 -375 -16 -56 -30 1.70 -25 -23 -78 -23
Net Cash From Continuing Investing Activities		 -24 -41 -375 -16 -56 -30 1.50 -25 -23 -78 -23
Purchase of Property, Plant & Equipment		 -25 -27 -20 -19 -38 -30 -19 -25 -23 -21 -22
Acquisitions		 0.00 -13 -357 -2.80 -20 -0.10 - 0.00 0.00 -26 -3.20
Purchase of Investments		 - - - - - - - 0.00 0.00 -32 0.00
Sale of Property, Plant & Equipment		 0.34 0.62 2.50 0.10 0.10 0.10 - - 0.00 0.00 1.50
Other Investing Activities, net		 -0.32 -2.00 -1.50 - - 0.00 -3.80 -3.60 -0.40 0.30 0.70
Net Cash From Financing Activities		 -61 -9.56 319 -33 -27 -43 -85 8.10 -123 -25 -39
Net Cash From Continuing Financing Activities		 -61 -9.56 319 -33 -27 -43 -85 8.10 -123 -25 -39
Repayment of Debt		 -3.45 -3.46 -416 -38 -42 -158 -370 -19 -120 -45 -11
Repurchase of Common Equity		 -46 -13 - - 0.00 0.00 -15 -5.00 -22 -20 -89
Payment of Dividends		 -14 -14 -15 -15 -17 -16 -18 -19 -20 -21 -22
Issuance of Debt		 0.00 15 743 15 25 126 316 52 20 41 85
Issuance of Common Equity		 1.68 5.27 6.90 5.90 6.10 4.90 5.00 -0.90 19 20 -2.50
Other Financing Activities, net		 0.86 0.69 0.30 0.00 -0.20 -0.20 -2.40 0.00 0.20 0.00 0.00
Effect of Exchange Rate Changes		 -1.91 - - - - 5.30 -4.00 -4.70 -2.90 -3.40 3.00
Cash Interest Paid		 1.17 1.14 14 22 20 18 12 7.60 17 14 12
Cash Income Taxes Paid		 23 14 14 11 22 12 20 34 40 30 13

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 20 -28 -4.20 6.70 8.50 -20 0.60 19 7.00 -24 -5.70
Net Cash From Operating Activities		 64 2.90 19 31 38 -0.40 23 29 14 -31 5.00
Net Cash From Continuing Operating Activities		 64 2.90 19 31 38 -0.40 23 29 14 -31 5.00
Net Income / (Loss) Continuing Operations		 31 28 28 21 6.60 13 20 15 -4.40 0.20 7.60
Consolidated Net Income / (Loss)		 31 28 28 21 6.60 13 20 15 -4.40 0.20 7.60
Depreciation Expense		 10 9.60 9.90 10 11 11 11 11 12 11 12
Amortization Expense		 3.70 3.90 3.90 3.60 3.60 3.40 3.40 3.40 3.50 3.50 3.30
Non-Cash Adjustments To Reconcile Net Income		 4.00 3.60 2.60 5.50 4.20 4.10 5.30 4.10 5.30 2.10 3.60
Changes in Operating Assets and Liabilities, net		 15 -43 -26 -9.30 13 -32 -18 -5.00 -2.00 -48 -21
Net Cash From Investing Activities		 -8.00 -61 -4.30 -4.20 -9.30 -6.90 -3.70 -7.70 -4.40 -10 -5.10
Net Cash From Continuing Investing Activities		 -8.00 -61 -4.30 -4.20 -9.30 -6.90 -3.70 -7.70 -4.40 -10 -5.10
Purchase of Property, Plant & Equipment		 -7.00 -3.20 -4.30 -4.40 -9.00 -7.10 -3.90 -6.50 -4.20 -3.30 -5.40
Other Investing Activities, net		 -1.00 0.20 0.20 0.20 -0.30 0.20 0.20 0.50 -0.20 0.20 0.30
Net Cash From Financing Activities		 -36 27 -15 -21 -17 -14 -19 -3.20 -2.70 17 -5.80
Net Cash From Continuing Financing Activities		 -36 27 -15 -21 -17 -14 -19 -3.20 -2.70 17 -5.80
Repayment of Debt		 -21 -26 -1.30 -7.20 -10 -0.80 - - -10 -20 -10
Repurchase of Common Equity		 -10 -1.10 -8.00 -8.00 -2.50 -20 -13 -23 -32 -60 -0.50
Payment of Dividends		 -5.30 -5.30 -5.30 -5.30 -5.50 -5.60 -5.40 -5.40 -5.50 -5.50 -5.30
Issuance of Debt		 - 40 - - 0.90 15 - 25 45 105 10
Effect of Exchange Rate Changes		 -0.20 2.50 -4.00 0.70 -2.60 0.70 0.90 1.50 -0.10 0.50 0.20
Cash Interest Paid		 2.40 4.50 3.20 3.60 2.30 2.90 3.10 3.00 3.30 4.10 5.00
Cash Income Taxes Paid		 10 1.60 17 9.30 2.30 3.50 5.50 2.20 2.20 -1.90 3.90

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 432 470 994 993 1,063 1,083 1,062 1,085 1,113 1,190 1,269
Total Current Assets		 294 298 423 469 481 494 527 575 569 577 600
Restricted Cash		 0.64 0.52 0.65 86 - 141 124 77 117 100 106
Accounts Receivable		 140 149 210 216 223 200 211 252 248 259 257
Inventories, net		 77 79 128 135 150 128 161 207 176 184 199
Prepaid Expenses		 15 9.20 19 31 33 25 31 40 29 34 38
Plant, Property, & Equipment, net		 95 112 180 163 173 186 173 180 188 184 190
Total Noncurrent Assets		 44 60 391 361 409 404 362 330 357 429 479
Goodwill		 17 21 186 183 195 208 193 182 187 186 209
Intangible Assets		 3.20 6.46 172 147 138 126 98 76 63 59 53
Other Noncurrent Operating Assets		 12 19 21 31 47 70 71 72 106 185 218
Total Liabilities & Shareholders' Equity		 432 470 994 993 1,063 1,083 1,062 1,085 1,113 1,190 1,269
Total Liabilities		 180 191 696 676 702 677 627 613 535 568 666
Total Current Liabilities		 133 133 237 249 275 254 290 262 274 292 293
Short-Term Debt		 3.46 3.46 31 27 31 11 4.20 5.20 6.40 1.30 0.40
Accounts Payable		 50 47 96 98 94 106 122 126 111 127 128
Current Employee Benefit Liabilities		 35 36 37 56 64 54 61 44 67 53 41
Other Current Liabilities		 43 44 69 67 86 83 104 86 89 111 124
Total Noncurrent Liabilities		 47 59 459 427 427 422 336 351 261 276 372
Long-Term Debt		 21 33 346 328 308 298 263 295 194 198 273
Capital Lease Obligations		 - - - 0.00 - 29 25 17 27 36 36
Noncurrent Deferred & Payable Income Tax Liabilities		 0.01 0.17 53 46 42 39 21 12 5.00 4.90 3.30
Noncurrent Employee Benefit Liabilities		 22 21 24 21 19 18 16 13 13 14 16
Other Noncurrent Operating Liabilities		 4.17 4.63 36 32 58 39 11 15 22 23 45
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		 252 279 298 316 361 406 435 472 578 622 603
Total Preferred & Common Equity		 252 279 297 314 360 405 434 471 577 621 602
Total Common Equity		 252 279 297 314 360 405 434 471 577 621 602
Common Stock		 6.65 10 22 35 52 62 61 63 72 84 6.70
Retained Earnings		 294 318 297 316 346 363 411 458 547 610 628
Accumulated Other Comprehensive Income / (Loss)		 -48 -50 -22 -37 -39 -20 -38 -50 -42 -73 -33
Noncontrolling Interest		 - 0.00 1.97 1.90 1.40 1.30 1.30 1.30 1.30 1.30 1.80

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 1,101 1,108 1,059 1,152 1,168 1,216 1,180 1,242 1,257 1,277 1,271
Total Current Assets		 582 590 555 561 578 594 551 575 598 611 614
Restricted Cash		 91 96 97 89 85 91 80 80 99 83 77
Accounts Receivable		 254 264 242 257 269 260 251 265 249 281 286
Inventories, net		 204 198 185 181 190 202 191 195 206 205 202
Prepaid Expenses		 33 32 31 34 35 41 29 34 44 43 49
Plant, Property, & Equipment, net		 183 185 182 185 179 184 186 193 192 185 188
Total Noncurrent Assets		 336 334 323 406 410 439 444 474 467 480 469
Goodwill		 185 186 181 192 191 198 193 207 208 210 208
Intangible Assets		 73 70 64 72 68 66 57 58 56 53 49
Other Noncurrent Operating Assets		 77 79 78 141 152 174 194 209 202 218 212
Total Liabilities & Shareholders' Equity		 1,101 1,108 1,059 1,152 1,168 1,216 1,180 1,242 1,257 1,277 1,271
Total Liabilities		 608 586 513 536 542 568 554 588 614 744 736
Total Current Liabilities		 257 258 245 260 266 274 257 275 282 289 300
Short-Term Debt		 5.30 5.30 5.90 7.20 7.80 0.60 0.50 0.40 0.40 0.40 0.50
Accounts Payable		 118 113 99 125 129 128 115 122 111 123 113
Current Employee Benefit Liabilities		 45 52 62 47 52 59 39 41 49 40 43
Other Current Liabilities		 89 88 78 82 78 86 102 111 122 126 144
Total Noncurrent Liabilities		 351 329 268 275 275 294 297 313 333 455 435
Long-Term Debt		 294 273 216 207 206 209 213 213 238 358 358
Capital Lease Obligations		 18 17 19 27 30 35 35 34 34 34 32
Noncurrent Deferred & Payable Income Tax Liabilities		 11 9.70 8.60 8.40 7.90 7.90 5.10 5.30 1.20 4.20 3.90
Noncurrent Employee Benefit Liabilities		 13 13 13 14 13 14 14 15 15 15 16
Other Noncurrent Operating Liabilities		 15 16 12 19 19 29 29 45 44 43 25
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 493 522 546 616 626 649 626 654 643 533 535
Total Preferred & Common Equity		 492 521 545 615 625 647 624 652 641 531 533
Total Common Equity		 492 521 545 615 625 647 624 652 641 531 533
Common Stock		 60 61 78 94 88 84 65 54 34 6.40 7.70
Retained Earnings		 477 504 522 571 593 609 617 632 642 562 564
Accumulated Other Comprehensive Income / (Loss)		 -46 -44 -55 -50 -56 -45 -57 -34 -34 -37 -39
Noncontrolling Interest		 1.30 1.30 1.30 1.30 1.30 1.30 1.70 1.80 1.80 1.80 1.80

Annual Metrics And Ratios for Tennant

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.24% -0.40% 24.06% 12.00% 1.26% -12.01% 8.97% 0.13% 13.86% 3.47% -6.47%
EBITDA Growth		 -23.54% 23.20% -22.09% 69.01% 11.78% -11.33% 30.29% -7.20% 39.25% -10.30% -25.68%
EBIT Growth		 -27.33% 30.79% -67.82% 158.53% 27.99% -18.52% 58.46% -6.58% 58.55% -17.04% -41.26%
NOPAT Growth		 -35.56% 41.43% -51.73% 134.95% 12.45% -14.42% 57.12% -11.39% 68.58% -25.53% -43.40%
Net Income Growth		 -36.65% 45.27% -113.30% 640.32% 37.01% -26.58% 92.58% 2.16% 65.16% -23.56% -47.67%
EPS Growth		 -35.56% 48.85% -113.51% 620.00% 36.26% -27.02% 90.06% 3.20% 64.23% -24.87% -46.12%
Operating Cash Flow Growth		 -23.80% 27.96% -6.35% 47.60% -10.13% 86.09% -48.13% -136.17% 850.60% -52.39% -27.54%
Free Cash Flow Firm Growth		 -40.04% -66.79% -3,397.64% 125.29% -75.56% 262.13% 5.88% -143.67% 517.14% -84.61% -83.62%
Invested Capital Growth		 1.43% 17.22% 140.55% -5.02% 6.87% -3.71% 0.37% 17.80% -3.22% 10.00% 6.33%
Revenue Q/Q Growth		 -1.27% 0.73% 7.22% 0.53% 0.84% -2.12% 0.31% 1.35% 1.67% 1.38% -3.01%
EBITDA Q/Q Growth		 -6.42% 5.33% -7.09% 4.98% 4.04% -7.98% 2.68% 12.38% -1.31% -9.24% -7.10%
EBIT Q/Q Growth		 -7.88% 6.66% -40.10% 12.45% 8.30% -15.71% 4.86% 22.32% -2.56% -13.38% -13.90%
NOPAT Q/Q Growth		 -12.39% 5.24% -11.84% 15.16% 5.59% -15.88% 3.52% 33.25% 6.38% -21.80% -18.55%
Net Income Q/Q Growth		 -11.93% 4.89% -150.19% 48.78% 7.75% -20.33% 9.08% 31.55% 7.04% -22.57% -20.07%
EPS Q/Q Growth		 -10.31% 4.86% -151.47% 50.41% 6.90% -20.26% 9.21% 31.97% 6.58% -22.75% -19.18%
Operating Cash Flow Q/Q Growth		 -15.36% 21.57% -4.44% 21.81% -12.95% 8.60% -30.04% 22.29% 36.23% -22.67% -26.39%
Free Cash Flow Firm Q/Q Growth		 -42.99% 172.45% -0.28% 18.47% 1.54% -30.28% -22.14% 14.36% 58.76% 354.08% -92.47%
Invested Capital Q/Q Growth		 6.08% -3.54% -1.84% -2.94% -2.31% 1.36% 5.89% 6.89% -0.09% -5.43% -1.25%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 43.00% 43.48% 39.86% 39.61% 40.59% 40.74% 40.15% 38.54% 42.44% 42.75% 40.24%
EBITDA Margin		 8.57% 10.60% 6.66% 10.05% 11.09% 11.18% 13.37% 12.39% 15.15% 13.13% 10.44%
Operating Margin		 6.55% 8.44% 3.29% 5.16% 6.31% 6.36% 8.59% 7.98% 11.15% 8.88% 5.68%
EBIT Margin		 6.35% 8.34% 2.16% 4.99% 6.31% 5.84% 8.50% 7.93% 11.04% 8.85% 5.56%
Profit (Net Income) Margin		 3.95% 5.77% -0.62% 2.98% 4.03% 3.37% 5.95% 6.07% 8.81% 6.51% 3.64%
Tax Burden Percent		 63.64% 70.11% 476.92% 93.58% 85.00% 82.00% 87.58% 83.40% 88.45% 79.87% 75.65%
Interest Burden Percent		 97.79% 98.59% -5.99% 63.81% 75.21% 70.26% 79.94% 91.80% 90.17% 92.01% 86.55%
Effective Tax Rate		 36.36% 29.89% 0.00% 6.42% 15.00% 18.00% 12.42% 16.60% 11.55% 20.13% 24.35%
Return on Invested Capital (ROIC)		 15.59% 20.16% 5.30% 9.03% 10.08% 8.51% 13.60% 11.05% 17.50% 12.61% 6.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.14% 24.60% -14.54% 1.95% 4.41% 0.46% 4.21% 7.91% 10.04% 6.47% 1.96%
Return on Net Nonoperating Assets (RNNOA)		 -3.55% -2.60% -7.44% 1.86% 3.47% 0.27% 1.83% 3.57% 3.35% 1.33% 0.54%
Return on Equity (ROE)		 12.04% 17.57% -2.15% 10.90% 13.55% 8.78% 15.43% 14.62% 20.85% 13.95% 7.15%
Cash Return on Invested Capital (CROIC)		 14.18% 4.31% -77.25% 14.19% 3.44% 12.29% 13.24% -5.30% 20.77% 3.09% 0.47%
Operating Return on Assets (OROA)		 11.22% 14.95% 2.96% 5.65% 6.99% 5.45% 8.65% 8.07% 12.49% 9.89% 5.44%
Return on Assets (ROA)		 6.98% 10.33% -0.85% 3.37% 4.47% 3.14% 6.05% 6.18% 9.96% 7.27% 3.56%
Return on Common Equity (ROCE)		 12.04% 17.57% -2.14% 10.83% 13.48% 8.75% 15.38% 14.57% 20.80% 13.92% 7.13%
Return on Equity Simple (ROE_SIMPLE)		 12.72% 16.73% -2.09% 10.66% 12.75% 8.33% 14.96% 14.08% 18.98% 13.48% 0.00%
Net Operating Profit after Tax (NOPAT)		 34 48 23 54 61 52 82 73 123 91 52
NOPAT Margin		 4.17% 5.92% 2.30% 4.83% 5.36% 5.22% 7.52% 6.66% 9.86% 7.09% 4.29%
Net Nonoperating Expense Percent (NNEP)		 -3.54% -4.44% 19.84% 7.08% 5.68% 8.05% 9.39% 3.14% 7.46% 6.15% 4.65%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 9.21% 15.20% 10.64% 5.66%
Cost of Revenue to Revenue		 57.00% 56.52% 60.14% 60.39% 59.41% 59.26% 59.85% 61.46% 57.56% 57.26% 59.76%
SG&A Expenses to Revenue		 31.08% 30.74% 33.38% 31.71% 31.40% 31.37% 29.51% 28.04% 28.35% 30.46% 31.14%
R&D to Revenue		 3.99% 4.30% 3.19% 2.73% 2.87% 3.01% 2.95% 2.85% 2.94% 3.40% 3.42%
Operating Expenses to Revenue		 36.45% 35.04% 36.57% 34.45% 34.27% 34.38% 31.56% 30.55% 31.30% 33.86% 34.57%
Earnings before Interest and Taxes (EBIT)		 52 67 22 56 72 59 93 87 137 114 67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 70 86 67 113 126 112 146 135 188 169 126
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.56 4.09 4.02 2.79 3.73 3.06 3.35 2.37 2.97 2.48 2.22
Price to Tangible Book Value (P/TBV)		 3.87 4.54 0.00 0.00 49.50 17.48 10.17 5.26 5.24 4.09 3.92
Price to Revenue (P/Rev)		 1.11 1.41 1.19 0.78 1.18 1.24 1.33 1.02 1.38 1.20 1.11
Price to Earnings (P/E)		 28.00 24.43 0.00 26.30 29.29 36.72 22.36 16.84 15.63 18.38 30.50
Dividend Yield		 1.59% 1.25% 1.26% 1.75% 1.20% 1.33% 1.20% 1.69% 1.17% 1.39% 1.62%
Earnings Yield		 3.57% 4.09% 0.00% 3.80% 3.41% 2.72% 4.47% 5.94% 6.40% 5.44% 3.28%
Enterprise Value to Invested Capital (EV/IC)		 3.99 4.36 2.45 1.96 2.57 2.38 2.68 1.91 2.65 2.21 1.91
Enterprise Value to Revenue (EV/Rev)		 1.07 1.38 1.51 1.02 1.41 1.43 1.49 1.24 1.47 1.30 1.28
Enterprise Value to EBITDA (EV/EBITDA)		 12.52 13.02 22.62 10.18 12.74 12.82 11.12 10.04 9.68 9.92 12.26
Enterprise Value to EBIT (EV/EBIT)		 16.89 16.56 69.64 20.48 22.38 24.53 17.50 15.68 13.28 14.71 23.03
Enterprise Value to NOPAT (EV/NOPAT)		 25.74 23.33 65.42 21.17 26.33 27.48 19.76 18.67 14.88 18.36 29.81
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.26 19.29 27.88 14.36 22.35 10.73 23.37 0.00 9.68 18.68 23.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 28.31 109.26 0.00 13.48 77.16 19.02 20.31 0.00 12.54 74.86 420.03
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.10 0.13 1.26 1.12 0.94 0.83 0.67 0.67 0.39 0.38 0.51
Long-Term Debt to Equity		 0.08 0.12 1.16 1.04 0.85 0.80 0.66 0.66 0.38 0.38 0.51
Financial Leverage		 -0.19 -0.11 0.51 0.95 0.79 0.60 0.43 0.45 0.33 0.21 0.28
Leverage Ratio		 1.73 1.70 2.54 3.23 3.03 2.80 2.55 2.37 2.09 1.92 2.01
Compound Leverage Factor		 1.69 1.68 -0.15 2.06 2.28 1.96 2.04 2.17 1.89 1.77 1.74
Debt to Total Capital		 8.90% 11.50% 55.80% 52.89% 48.39% 45.37% 40.24% 40.20% 28.28% 27.49% 33.87%
Short-Term Debt to Total Capital		 1.25% 1.10% 4.57% 4.02% 4.47% 1.47% 0.58% 0.66% 0.79% 0.15% 0.04%
Long-Term Debt to Total Capital		 7.66% 10.40% 51.23% 48.87% 43.92% 43.90% 39.66% 39.54% 27.48% 27.33% 33.83%
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		 0.00% 0.00% 0.29% 0.28% 0.20% 0.17% 0.18% 0.16% 0.16% 0.15% 0.20%
Common Equity to Total Capital		 91.10% 88.50% 43.91% 46.83% 51.41% 54.46% 59.58% 59.63% 71.56% 72.36% 65.93%
Debt to EBITDA		 0.35 0.42 5.64 3.15 2.68 3.01 2.01 2.35 1.21 1.40 2.46
Net Debt to EBITDA		 -0.39 -0.26 4.76 2.38 2.09 1.75 1.16 1.77 0.59 0.80 1.61
Long-Term Debt to EBITDA		 0.30 0.38 5.18 2.91 2.44 2.92 1.98 2.31 1.18 1.39 2.46
Debt to NOPAT		 0.73 0.76 16.31 6.54 5.55 6.46 3.57 4.36 1.86 2.58 5.98
Net Debt to NOPAT		 -0.81 -0.47 13.76 4.96 4.33 3.76 2.06 3.30 0.90 1.49 3.92
Long-Term Debt to NOPAT		 0.63 0.68 14.98 6.05 5.04 6.25 3.52 4.29 1.81 2.57 5.97
Altman Z-Score		 6.66 7.13 2.75 2.81 3.13 2.94 3.51 3.30 4.45 4.03 3.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.34% 0.63% 0.49% 0.35% 0.31% 0.29% 0.25% 0.22% 0.25%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.20 2.24 1.79 1.88 1.75 1.94 1.81 2.20 2.08 1.97 2.05
Quick Ratio		 1.44 1.56 1.13 0.87 1.08 0.79 0.73 0.96 0.90 0.89 0.88
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 31 10 -337 85 21 75 80 -35 145 22 3.67
Operating Cash Flow to CapEx		 185.04% 223.37% 302.79% 427.81% 187.73% 448.99% 357.73% -100.40% 826.32% 429.19% 321.78%
Free Cash Flow to Firm to Interest Expense		 23.43 7.99 -13.27 3.66 1.17 0.00 7.07 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 34.45 45.25 2.13 3.43 4.04 0.00 6.14 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 15.83 24.99 1.43 2.63 1.89 0.00 4.42 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.77 1.79 1.37 1.13 1.11 0.93 1.02 1.02 1.13 1.12 0.98
Accounts Receivable Turnover		 5.54 5.58 5.59 5.28 5.18 4.73 5.30 4.72 4.98 5.08 4.67
Inventory Turnover		 5.86 5.86 5.85 5.16 4.74 4.27 4.53 3.66 3.74 4.10 3.76
Fixed Asset Turnover		 8.95 7.81 6.87 6.54 6.76 5.58 6.09 6.19 6.77 6.92 6.43
Accounts Payable Turnover		 8.26 9.35 8.41 6.98 7.02 5.92 5.73 5.42 6.03 6.18 5.65
Days Sales Outstanding (DSO)		 65.83 65.36 65.25 69.15 70.51 77.16 68.81 77.35 73.24 71.87 78.23
Days Inventory Outstanding (DIO)		 62.24 62.27 62.41 70.69 77.01 85.47 80.60 99.83 97.52 89.11 97.01
Days Payable Outstanding (DPO)		 44.16 39.04 43.41 52.31 51.98 61.65 63.68 67.31 60.55 59.03 64.56
Cash Conversion Cycle (CCC)		 83.90 88.59 84.26 87.53 95.54 100.97 85.73 109.86 110.21 101.94 110.69
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 219 256 616 585 626 602 605 712 689 758 806
Invested Capital Turnover		 3.74 3.41 2.30 1.87 1.88 1.63 1.81 1.66 1.77 1.78 1.54
Increase / (Decrease) in Invested Capital		 3.07 38 360 -31 40 -23 2.20 108 -23 69 48
Enterprise Value (EV)		 871 1,117 1,511 1,149 1,607 1,435 1,622 1,358 1,824 1,676 1,540
Market Capitalization		 898 1,139 1,191 878 1,342 1,238 1,451 1,117 1,712 1,539 1,336
Book Value per Share		 $14.14 $15.80 $16.61 $17.35 $19.70 $21.91 $23.40 $25.32 $30.89 $32.89 $33.19
Tangible Book Value per Share		 $13.02 $14.24 ($3.47) ($0.82) $1.48 $3.83 $7.70 $11.42 $17.48 $19.95 $18.78
Total Capital		 277 315 675 671 700 743 728 790 806 858 913
Total Debt		 25 36 377 355 339 337 293 317 228 236 309
Total Long-Term Debt		 21 33 346 328 308 326 289 312 222 235 309
Net Debt		 -27 -22 318 269 264 196 169 240 111 136 203
Capital Expenditures (CapEx)		 24 26 18 19 38 30 19 25 23 21 20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 112 110 158 161 163 109 117 242 185 186 201
Debt-free Net Working Capital (DFNWC)		 164 169 217 247 237 250 241 319 302 286 307
Net Working Capital (NWC)		 160 165 187 220 206 239 237 314 295 284 307
Net Nonoperating Expense (NNE)		 1.75 1.24 29 21 15 19 17 6.42 13 7.59 7.87
Net Nonoperating Obligations (NNO)		 -34 -22 318 269 264 196 169 240 111 136 203
Total Depreciation and Amortization (D&A)		 18 18 45 57 54 53 53 49 51 55 59
Debt-free, Cash-free Net Working Capital to Revenue		 13.79% 13.60% 15.80% 14.29% 14.31% 10.91% 10.74% 22.11% 14.85% 14.45% 16.67%
Debt-free Net Working Capital to Revenue		 20.19% 20.85% 21.68% 21.96% 20.87% 25.00% 22.07% 29.20% 24.27% 22.20% 25.51%
Net Working Capital to Revenue		 19.76% 20.42% 18.60% 19.56% 18.12% 23.91% 21.68% 28.72% 23.75% 22.10% 25.48%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.78 $2.66 ($0.35) $1.86 $2.53 $1.84 $3.51 $3.58 $5.92 $4.46 $2.38
Adjusted Weighted Average Basic Shares Outstanding		 18.02M 17.52M 17.70M 17.94M 18.12M 18.35M 18.50M 18.49M 18.51M 18.79M 18.37M
Adjusted Diluted Earnings per Share		 $1.74 $2.59 ($0.35) $1.82 $2.48 $1.81 $3.44 $3.55 $5.83 $4.38 $2.36
Adjusted Weighted Average Diluted Shares Outstanding		 18.49M 17.98M 17.70M 18.34M 18.45M 18.64M 18.85M 18.70M 18.78M 19.10M 18.58M
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		 17.65M 17.70M 17.88M 18.12M 18.35M 18.52M 18.53M 18.52M 18.62M 18.82M 17.85M
Normalized Net Operating Profit after Tax (NOPAT)		 41 48 23 54 61 52 73 70 123 91 52
Normalized NOPAT Margin		 5.05% 5.92% 2.30% 4.83% 5.36% 5.22% 6.74% 6.38% 9.86% 7.09% 4.29%
Pre Tax Income Margin		 6.21% 8.22% -0.13% 3.19% 4.75% 4.11% 6.79% 7.28% 9.96% 8.14% 4.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 39.27 52.73 0.85 2.41 4.03 0.00 8.20 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 25.77 37.42 0.91 2.33 3.43 0.00 7.26 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 20.66 32.47 0.15 1.61 1.88 0.00 6.49 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 7.16 17.16 0.20 1.53 1.28 0.00 5.55 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 45.18% 30.66% -241.94% 45.67% 35.95% 48.66% 26.96% 28.51% 18.36% 25.57% 50.00%
Augmented Payout Ratio		 188.53% 58.04% -241.94% 45.67% 35.95% 48.66% 50.08% 36.05% 38.17% 48.98% 252.05%

Quarterly Metrics And Ratios for Tennant

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 17,846,681.00 17,038,903.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 17,846,681.00 17,038,903.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.01 0.45
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.01% 1.70% 2.89% 3.64% 5.62% -6.75% -3.75% -3.96% -11.34% 2.72% 1.69%
EBITDA Growth		 -6.14% 6.26% -5.67% -4.36% -45.03% -34.18% -16.92% -16.86% -45.71% -42.69% -33.03%
EBIT Growth		 -12.81% 4.76% -10.25% -9.04% -71.84% -47.86% -25.13% -27.81% -156.52% -77.95% -50.51%
NOPAT Growth		 26.16% 11.30% -14.47% -12.91% -72.59% -50.80% -22.42% -26.00% -131.06% -92.71% -48.18%
Net Income Growth		 30.25% 16.87% -10.86% -9.17% -78.71% -53.87% -27.60% -28.37% -166.67% -98.47% -62.38%
EPS Growth		 28.13% 14.62% -13.69% -9.92% -78.66% -53.69% -25.52% -26.61% -160.00% -98.55% -59.26%
Operating Cash Flow Growth		 365.69% -90.68% -52.43% -43.57% -41.22% -113.79% 20.97% -6.51% -62.13% -7,700.00% -77.78%
Free Cash Flow Firm Growth		 171.57% 68.19% 15.03% -3,078.75% -203.51% 37.31% 57.12% 102.74% 14.29% -281.14% -13.21%
Invested Capital Growth		 -3.22% 6.90% 8.72% 16.21% 10.00% 3.51% 4.73% 1.83% 6.33% 5.92% 3.42%
Revenue Q/Q Growth		 2.20% -0.13% 6.43% -4.59% 4.15% -11.83% 9.86% -4.80% -3.86% 2.16% 8.76%
EBITDA Q/Q Growth		 -16.78% 33.25% 4.52% -17.48% -52.16% 59.52% 31.94% -17.42% -68.77% 68.42% 54.17%
EBIT Q/Q Growth		 -26.20% 52.65% 5.35% -23.35% -77.15% 182.61% 51.28% -26.10% -117.89% 210.26% 239.53%
NOPAT Q/Q Growth		 29.90% -12.11% -3.81% -20.70% -59.11% 57.73% 51.67% -24.36% -117.17% 137.04% 977.43%
Net Income Q/Q Growth		 35.37% -8.39% -1.76% -25.45% -68.27% 98.48% 54.20% -26.24% -129.53% 104.55% 3,700.00%
EPS Q/Q Growth		 35.54% -9.15% -2.68% -24.83% -67.89% 97.14% 56.52% -25.93% -126.25% 104.76% 4,300.00%
Operating Cash Flow Q/Q Growth		 17.28% -95.45% 541.38% 65.05% 22.15% -101.07% 5,725.00% 27.56% -50.52% -319.72% 116.03%
Free Cash Flow Firm Q/Q Growth		 1,829.36% -133.54% -75.07% -162.96% 32.96% 79.69% -19.77% 116.79% -2,198.61% 9.68% 64.43%
Invested Capital Q/Q Growth		 -0.09% 11.55% 2.03% 2.19% -5.43% 4.97% 3.23% -0.63% -1.25% 4.57% 0.79%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 42.00% 44.21% 43.11% 42.37% 41.35% 41.38% 42.09% 42.66% 34.57% 38.13% 39.48%
EBITDA Margin		 12.27% 16.37% 16.07% 13.90% 6.38% 11.55% 13.87% 12.03% 3.91% 6.45% 9.14%
Operating Margin		 7.87% 12.06% 11.66% 9.69% 2.31% 6.76% 9.60% 7.35% -1.44% 1.64% 4.91%
EBIT Margin		 7.87% 12.03% 11.90% 9.56% 2.10% 6.72% 9.26% 7.19% -1.34% 1.44% 4.51%
Profit (Net Income) Margin		 9.96% 9.13% 8.43% 6.59% 2.01% 4.52% 6.34% 4.91% -1.51% 0.07% 2.35%
Tax Burden Percent		 140.91% 80.91% 75.61% 75.64% 124.53% 76.16% 73.99% 76.80% 73.33% 22.22% 73.79%
Interest Burden Percent		 89.80% 93.85% 93.65% 91.06% 76.81% 88.21% 92.54% 88.99% 153.85% 20.93% 70.55%
Effective Tax Rate		 -40.91% 19.09% 24.39% 24.36% -24.53% 23.84% 26.01% 23.20% 0.00% 77.78% 26.21%
Return on Invested Capital (ROIC)		 19.68% 16.38% 14.73% 12.47% 5.12% 8.33% 11.09% 8.66% -1.55% 0.54% 5.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 17.67% 15.35% 14.01% 10.89% 2.80% 7.20% 9.60% 7.30% -2.41% 0.17% 3.56%
Return on Net Nonoperating Assets (RNNOA)		 5.90% 5.24% 4.37% 2.70% 0.58% 1.87% 2.45% 1.85% -0.67% 0.07% 1.44%
Return on Equity (ROE)		 25.58% 21.62% 19.11% 15.18% 5.69% 10.20% 13.54% 10.51% -2.22% 0.61% 6.72%
Cash Return on Invested Capital (CROIC)		 20.77% 10.20% 7.63% 0.66% 3.09% 6.25% 4.02% 6.02% 0.47% -0.89% 0.10%
Operating Return on Assets (OROA)		 8.90% 13.33% 13.16% 10.67% 2.34% 7.30% 9.63% 7.21% -1.31% 1.42% 4.37%
Return on Assets (ROA)		 11.26% 10.13% 9.32% 7.35% 2.24% 4.90% 6.60% 4.93% -1.48% 0.07% 2.27%
Return on Common Equity (ROCE)		 25.52% 21.57% 19.06% 15.15% 5.68% 10.17% 13.51% 10.48% -2.21% 0.61% 6.70%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 18.48% 17.64% 16.70% 0.00% 10.95% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 35 30 29 23 9.46 15 23 17 -2.94 1.09 12
NOPAT Margin		 11.09% 9.76% 8.82% 7.33% 2.88% 5.15% 7.11% 5.65% -1.01% 0.37% 3.62%
Net Nonoperating Expense Percent (NNEP)		 2.01% 1.03% 0.72% 1.58% 2.32% 1.13% 1.50% 1.36% 0.86% 0.37% 1.71%
Return On Investment Capital (ROIC_SIMPLE)		 4.28% 3.54% - - 1.10% 1.71% 2.51% 1.87% -0.32% 0.12% 1.27%
Cost of Revenue to Revenue		 58.00% 55.79% 56.89% 57.63% 58.65% 58.62% 57.91% 57.34% 65.43% 61.87% 60.52%
SG&A Expenses to Revenue		 30.73% 28.91% 28.07% 29.35% 35.39% 31.28% 29.41% 31.85% 32.17% 32.93% 30.71%
R&D to Revenue		 3.40% 3.25% 3.38% 3.32% 3.65% 3.34% 3.08% 3.46% 3.84% 3.56% 3.86%
Operating Expenses to Revenue		 34.14% 32.15% 31.45% 32.68% 39.04% 34.62% 32.49% 35.31% 36.01% 36.49% 34.57%
Earnings before Interest and Taxes (EBIT)		 25 37 39 30 6.90 20 30 22 -3.90 4.30 15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 38 51 53 44 21 34 44 37 11 19 30
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.97 3.65 3.00 2.81 2.48 2.40 2.22 2.34 2.22 2.23 2.80
Price to Tangible Book Value (P/TBV)		 5.24 6.41 5.11 4.75 4.09 4.01 3.74 3.97 3.92 4.41 5.39
Price to Revenue (P/Rev)		 1.38 1.80 1.49 1.43 1.20 1.19 1.15 1.21 1.11 0.98 1.23
Price to Earnings (P/E)		 15.63 19.75 16.98 16.80 18.38 21.94 23.81 27.32 30.50 38.35 81.51
Dividend Yield		 1.17% 0.91% 1.12% 1.17% 1.39% 1.44% 1.50% 1.46% 1.62% 1.82% 1.40%
Earnings Yield		 6.40% 5.06% 5.89% 5.95% 5.44% 4.56% 4.20% 3.66% 3.28% 2.61% 1.23%
Enterprise Value to Invested Capital (EV/IC)		 2.65 3.12 2.59 2.46 2.21 2.10 1.97 2.05 1.91 1.78 2.13
Enterprise Value to Revenue (EV/Rev)		 1.47 1.92 1.61 1.55 1.30 1.32 1.29 1.35 1.28 1.24 1.49
Enterprise Value to EBITDA (EV/EBITDA)		 9.68 12.53 10.79 10.58 9.92 11.03 11.32 12.37 12.26 13.45 18.69
Enterprise Value to EBIT (EV/EBIT)		 13.28 17.25 15.10 14.98 14.71 17.42 18.76 21.53 23.03 28.95 49.12
Enterprise Value to NOPAT (EV/NOPAT)		 14.88 19.10 16.88 16.88 18.36 22.04 23.26 26.37 29.81 37.59 62.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.68 14.97 14.54 16.98 18.68 19.35 17.88 18.94 23.70 43.76 108.25
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.54 31.59 35.36 399.58 74.86 34.21 49.97 34.32 420.03 0.00 2,157.76
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.39 0.39 0.39 0.38 0.38 0.40 0.38 0.42 0.51 0.74 0.73
Long-Term Debt to Equity		 0.38 0.38 0.38 0.38 0.38 0.40 0.38 0.42 0.51 0.74 0.73
Financial Leverage		 0.33 0.34 0.31 0.25 0.21 0.26 0.26 0.25 0.28 0.41 0.41
Leverage Ratio		 2.09 2.03 1.98 1.90 1.92 1.88 1.88 1.92 2.01 2.12 2.11
Compound Leverage Factor		 1.88 1.91 1.86 1.73 1.47 1.66 1.74 1.70 3.09 0.44 1.49
Debt to Total Capital		 28.28% 28.18% 27.97% 27.37% 27.49% 28.47% 27.50% 29.81% 33.87% 42.41% 42.23%
Short-Term Debt to Total Capital		 0.79% 0.84% 0.90% 0.07% 0.15% 0.06% 0.04% 0.04% 0.04% 0.04% 0.05%
Long-Term Debt to Total Capital		 27.48% 27.34% 27.08% 27.30% 27.33% 28.41% 27.45% 29.77% 33.83% 42.37% 42.18%
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		 0.16% 0.15% 0.15% 0.15% 0.15% 0.19% 0.20% 0.20% 0.20% 0.19% 0.19%
Common Equity to Total Capital		 71.56% 71.67% 71.88% 72.48% 72.36% 71.34% 72.30% 69.99% 65.93% 57.40% 57.57%
Debt to EBITDA		 1.21 1.26 1.29 1.31 1.40 1.64 1.74 2.02 2.46 3.53 4.05
Net Debt to EBITDA		 0.59 0.80 0.84 0.82 0.80 1.12 1.18 1.28 1.61 2.78 3.25
Long-Term Debt to EBITDA		 1.18 1.23 1.25 1.31 1.39 1.64 1.74 2.02 2.46 3.52 4.04
Debt to NOPAT		 1.86 1.93 2.02 2.09 2.58 3.28 3.57 4.30 5.98 9.86 13.52
Net Debt to NOPAT		 0.90 1.22 1.32 1.31 1.49 2.24 2.42 2.74 3.92 7.78 10.86
Long-Term Debt to NOPAT		 1.81 1.87 1.96 2.09 2.57 3.28 3.57 4.30 5.97 9.85 13.50
Altman Z-Score		 4.12 4.71 4.29 4.06 3.73 3.78 3.57 3.52 3.13 2.84 3.13
Noncontrolling Interest Sharing Ratio		 0.25% 0.23% 0.23% 0.22% 0.22% 0.24% 0.24% 0.24% 0.25% 0.30% 0.30%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.08 2.15 2.17 2.17 1.97 2.14 2.09 2.13 2.05 2.12 2.04
Quick Ratio		 0.90 0.99 1.01 0.95 0.89 0.98 0.97 0.89 0.88 0.97 0.95
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 57 -19 -34 -89 -59 -12 -14 2.43 -51 -46 -16
Operating Cash Flow to CapEx		 911.43% 90.63% 432.56% 697.73% 416.67% -5.63% 576.92% 441.54% 338.10% -945.45% 92.59%
Free Cash Flow to Firm to Interest Expense		 0.00 -8.37 -13.49 -32.84 0.00 -5.25 -6.57 1.01 0.00 -13.53 -3.81
Operating Cash Flow to Interest Expense		 0.00 1.26 7.44 11.37 0.00 -0.17 10.23 11.96 0.00 -9.18 1.16
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -0.13 5.72 9.74 0.00 -3.26 8.45 9.25 0.00 -10.15 -0.09
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.13 1.11 1.11 1.12 1.12 1.09 1.04 1.00 0.98 0.99 0.97
Accounts Receivable Turnover		 4.98 4.88 4.73 5.06 5.08 4.98 4.69 4.87 4.67 4.56 4.41
Inventory Turnover		 3.74 3.68 3.69 3.75 4.10 3.93 3.79 3.54 3.76 3.71 3.75
Fixed Asset Turnover		 6.77 6.80 6.91 6.94 6.92 6.83 6.74 6.60 6.43 6.53 6.40
Accounts Payable Turnover		 6.03 5.85 5.92 6.40 6.18 6.10 5.81 6.05 5.65 6.15 6.34
Days Sales Outstanding (DSO)		 73.24 74.77 77.22 72.20 71.87 73.32 77.77 74.94 78.23 80.12 82.73
Days Inventory Outstanding (DIO)		 97.52 99.10 99.05 97.35 89.11 92.77 96.35 103.15 97.01 98.50 97.31
Days Payable Outstanding (DPO)		 60.55 62.42 61.68 57.06 59.03 59.79 62.80 60.37 64.56 59.32 57.61
Cash Conversion Cycle (CCC)		 110.21 111.45 114.58 112.48 101.94 106.30 111.33 117.72 110.69 119.30 122.43
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 689 769 784 802 758 796 822 816 806 843 850
Invested Capital Turnover		 1.77 1.68 1.67 1.70 1.78 1.62 1.56 1.53 1.54 1.48 1.46
Increase / (Decrease) in Invested Capital		 -23 50 63 112 69 27 37 15 48 47 28
Enterprise Value (EV)		 1,824 2,398 2,031 1,970 1,676 1,672 1,615 1,673 1,540 1,497 1,808
Market Capitalization		 1,712 2,244 1,871 1,816 1,539 1,501 1,445 1,497 1,336 1,185 1,492
Book Value per Share		 $30.89 $32.93 $32.86 $34.24 $32.89 $33.18 $34.95 $34.70 $33.19 $29.76 $31.30
Tangible Book Value per Share		 $17.48 $18.76 $19.26 $20.23 $19.95 $19.89 $20.72 $20.40 $18.78 $15.06 $16.23
Total Capital		 806 858 869 893 858 875 902 916 913 926 927
Total Debt		 228 242 243 244 236 249 248 273 309 393 391
Total Long-Term Debt		 222 235 235 244 235 249 248 273 309 392 391
Net Debt		 111 153 159 153 136 170 168 174 203 310 314
Capital Expenditures (CapEx)		 7.00 3.20 4.30 4.40 9.00 7.10 3.90 6.50 4.20 3.30 5.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 185 219 235 230 186 215 220 218 201 240 237
Debt-free Net Working Capital (DFNWC)		 302 308 319 321 286 294 300 317 307 323 314
Net Working Capital (NWC)		 295 301 312 320 284 294 300 317 307 323 314
Net Nonoperating Expense (NNE)		 3.52 1.94 1.29 2.34 2.86 1.83 2.44 2.23 1.46 0.89 4.13
Net Nonoperating Obligations (NNO)		 111 153 159 153 136 170 168 174 203 310 314
Total Depreciation and Amortization (D&A)		 14 14 14 14 14 14 15 15 15 15 15
Debt-free, Cash-free Net Working Capital to Revenue		 14.85% 17.54% 18.66% 18.10% 14.45% 16.95% 17.56% 17.55% 16.67% 19.84% 19.49%
Debt-free Net Working Capital to Revenue		 24.27% 24.66% 25.39% 25.29% 22.20% 23.23% 23.95% 25.56% 25.51% 26.66% 25.81%
Net Working Capital to Revenue		 23.75% 24.08% 24.77% 25.24% 22.10% 23.19% 23.92% 25.53% 25.48% 26.62% 25.77%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.67 $1.52 $1.47 $1.11 $0.36 $0.70 $1.10 $0.81 ($0.23) $0.01 $0.44
Adjusted Weighted Average Basic Shares Outstanding		 18.51M 18.67M 18.90M 18.81M 18.79M 18.70M 18.51M 18.31M 18.37M 17.56M 16.90M
Adjusted Diluted Earnings per Share		 $1.64 $1.49 $1.45 $1.09 $0.35 $0.69 $1.08 $0.80 ($0.21) $0.01 $0.44
Adjusted Weighted Average Diluted Shares Outstanding		 18.78M 19.08M 19.21M 19.09M 19.10M 18.96M 18.69M 18.55M 18.58M 17.80M 17.17M
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		 18.62M 19.01M 18.90M 18.87M 18.82M 18.65M 18.47M 18.13M 17.85M 17.04M 17.05M
Normalized Net Operating Profit after Tax (NOPAT)		 17 30 29 23 5.32 15 23 17 -2.94 3.43 12
Normalized NOPAT Margin		 5.51% 9.76% 8.82% 7.33% 1.62% 5.15% 7.11% 5.65% -1.01% 1.15% 3.62%
Pre Tax Income Margin		 7.06% 11.29% 11.15% 8.71% 1.61% 5.93% 8.57% 6.40% -2.06% 0.30% 3.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 16.26 15.76 11.19 0.00 8.48 13.41 9.08 0.00 1.26 3.40
NOPAT to Interest Expense		 0.00 13.19 11.67 8.57 0.00 6.49 10.29 7.14 0.00 0.32 2.73
EBIT Less CapEx to Interest Expense		 0.00 14.87 14.04 9.56 0.00 5.39 11.64 6.38 0.00 0.29 2.14
NOPAT Less CapEx to Interest Expense		 0.00 11.80 9.95 6.94 0.00 3.40 8.52 4.43 0.00 -0.65 1.47
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 18.36% 18.05% 18.97% 19.61% 25.57% 31.73% 35.91% 39.96% 50.00% 70.55% 118.58%
Augmented Payout Ratio		 38.17% 33.71% 37.84% 44.68% 48.98% 88.30% 108.57% 147.26% 252.05% 485.76% 749.18%

Financials Breakdown Chart

Key Financial Trends

Tennant’s latest quarter shows a sharp rebound in profitability, but cash flow and leverage remain important watch items. In Q1 2026, revenue grew modestly year over year, gross margin improved, and the company returned to positive net income after a loss in the prior quarter. However, operating cash flow was negative, and debt rose materially during the quarter, suggesting the business is still juggling working-capital pressure and balance-sheet management.

  • Profitability improved materially versus the prior quarter. Q1 2026 net income was $0.2 million, compared with a $4.4 million loss in Q4 2025.
  • Operating income turned positive again. Tennant posted $4.9 million of operating income in Q1 2026 versus a $4.2 million operating loss in Q4 2025.
  • Gross profit margin improved year over year. Gross profit rose to $113.6 million on $297.9 million of revenue in Q1 2026, up from $120.0 million on $290.0 million in Q1 2025, with cost of revenue as a percentage of sales improving.
  • Revenue was up slightly year over year. Q1 2026 revenue increased to $297.9 million from $290.0 million in Q1 2025.
  • The balance sheet still has a solid equity base. Total equity and noncontrolling interests were $533.0 million at March 31, 2026.
  • Depreciation and amortization remain a meaningful non-cash cushion. These add-backs helped offset weak operating cash flow, but they do not fix underlying working-capital pressure.
  • Dividend support continues. Tennant paid $0.31 per share in common dividends in Q1 2026, indicating continued shareholder returns.
  • Operating cash flow was negative in Q1 2026. Net cash from operating activities was $(31.2) million, down from positive $14.2 million in Q4 2025.
  • Working capital was a major drag on cash. Changes in operating assets and liabilities reduced cash by $48.4 million in the quarter.
  • Debt increased significantly. Long-term debt rose to $358.3 million at March 31, 2026 from $238.3 million at September 30, 2025, and total liabilities climbed to $743.6 million.

Looking at the last four years, Tennant’s earnings trend has been fairly cyclical, with strong quarters followed by softer ones, but the company has generally remained profitable over the cycle. Revenue has stayed in a relatively tight range, while margins have swung more noticeably depending on cost structure and operating expenses.

One encouraging longer-term trend is that equity has grown steadily over time, reflecting retained earnings accumulation. At the same time, the company has also used debt and share repurchases as part of its capital strategy, which can support EPS but also increases financial risk when cash flow weakens.

Bottom line: Tennant appears to be recovering on the income statement, but investors should watch cash generation, working-capital trends, and leverage closely. If operating cash flow normalizes, the recent earnings improvement could be more durable. If not, the balance sheet may come under more pressure despite the positive earnings bounce.

08/12/26 06:59 PM ETAI Generated. May Contain Errors.

Tennant Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tennant's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Tennant's net income appears to be on an upward trend, with a most recent value of $43.80 million in 2025, rising from $32.09 million in 2015. The previous period was $83.70 million in 2024. See where experts think Tennant is headed by visiting Tennant's forecast page.

Tennant's total operating income in 2025 was $68.30 million, based on the following breakdown:
  • Total Gross Profit: $484.30 million
  • Total Operating Expenses: $416 million

Over the last 10 years, Tennant's total revenue changed from $811.80 million in 2015 to $1.20 billion in 2025, a change of 48.3%.

Tennant's total liabilities were at $665.50 million at the end of 2025, a 17.2% increase from 2024, and a 269.5% increase since 2015.

Over the last 10 years, Tennant's book value per share changed from 14.14 in 2015 to 33.19 in 2025, a change of 134.7%.


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Financial statements for NYSE:TNC last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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