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Stocks · Industrials · Refrigeration & Service Industry Machinery

TENNANT CO

TNC Clue Score48
United States Fiscal year ends December CIK 0000097134
$65.93 -0.02% Close, 9 Oct 2026
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Price $65.93 −13.74% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue808.6Operating income68.3Net income46.6EPS, diluted2.59Fiscal year 2017Revenue1,003.1 +24.1%Operating income33.0Net income−6.2 −113.3%EPS, diluted−0.35 −113.5%Fiscal year 2018Revenue1,123.5 +12.0%Operating income58.0Net income33.4EPS, diluted1.82Fiscal year 2019Revenue1,137.6 +1.3%Operating income71.8Net income45.8 +37.1%EPS, diluted2.48 +36.3%Fiscal year 2020Revenue1,001.0 −12.0%Operating income63.7Net income33.7 −26.4%EPS, diluted1.81 −27.0%Fiscal year 2021Revenue1,090.8 +9.0%Operating income93.7Net income64.9 +92.6%EPS, diluted3.44 +90.1%Fiscal year 2022Revenue1,092.2 +0.1%Operating income87.2Net income66.3 +2.2%EPS, diluted3.55 +3.2%Fiscal year 2023Revenue1,243.6 +13.9%Operating income138.6Net income109.5 +65.2%EPS, diluted5.83 +64.2%Fiscal year 2024Revenue1,286.7 +3.5%Operating income114.3Net income83.7 −23.6%EPS, diluted4.38 −24.9%Fiscal year 2025Revenue1,203.5 −6.5%Operating income68.3Net income43.8 −47.7%EPS, diluted2.36 −46.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 808.6 1,003.1 1,123.5 1,137.6 1,001.0 1,090.8 1,092.2 1,243.6 1,286.7 1,203.5
Growth +24.1% +12.0% +1.3% −12.0% +9.0% +0.1% +13.9% +3.5% −6.5%
Operating income 68.3 33.0 58.0 71.8 63.7 93.7 87.2 138.6 114.3 68.3
Net income 46.6 −6.2 33.4 45.8 33.7 64.9 66.3 109.5 83.7 43.8
Growth −113.3% +37.1% −26.4% +92.6% +2.2% +65.2% −23.6% −47.7%
EPS, diluted 2.59 −0.35 1.82 2.48 1.81 3.44 3.55 5.83 4.38 2.36
Growth −113.5% +36.3% −27.0% +90.1% +3.2% +64.2% −24.9% −46.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin43.5%Operating margin8.4%Net margin5.8%Free cash flow margin3.9%Fiscal year 2017Gross margin39.9%Operating margin3.3%Net margin−0.6%Free cash flow margin3.4%Fiscal year 2018Gross margin39.6%Operating margin5.2%Net margin3.0%Free cash flow margin5.4%Fiscal year 2019Gross margin40.6%Operating margin6.3%Net margin4.0%Free cash flow margin2.9%Fiscal year 2020Gross margin40.7%Operating margin6.4%Net margin3.4%Free cash flow margin10.4%Fiscal year 2021Gross margin40.2%Operating margin8.6%Net margin5.9%Free cash flow margin4.6%Fiscal year 2022Gross margin38.5%Operating margin8.0%Net margin6.1%Free cash flow margin−4.6%Fiscal year 2023Gross margin42.4%Operating margin11.1%Net margin8.8%Free cash flow margin13.3%Fiscal year 2024Gross margin42.7%Operating margin8.9%Net margin6.5%Free cash flow margin5.3%Fiscal year 2025Gross margin40.2%Operating margin5.7%Net margin3.6%Free cash flow margin3.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 43.5% 39.9% 39.6% 40.6% 40.7% 40.2% 38.5% 42.4% 42.7% 40.2%
Operating margin 8.4% 3.3% 5.2% 6.3% 6.4% 8.6% 8.0% 11.1% 8.9% 5.7%
Net margin 5.8% −0.6% 3.0% 4.0% 3.4% 5.9% 6.1% 8.8% 6.5% 3.6%
Free cash flow margin 3.9% 3.4% 5.4% 2.9% 10.4% 4.6% −4.6% 13.3% 5.3% 3.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow57.9Capital expenditure−26.5Free cash flow31.4Buybacks−12.8Dividends paid−14.3Fiscal year 2017Operating cash flow54.2Capital expenditure−20.4Free cash flow33.8 +7.8%Buybacks0.0Dividends paid−15.0Fiscal year 2018Operating cash flow80.0Capital expenditure−18.8Free cash flow61.2 +81.1%Buybacks0.0Dividends paid−15.3Fiscal year 2019Operating cash flow71.9Capital expenditure−38.4Free cash flow33.5 −45.3%Buybacks0.0Dividends paid−16.0Fiscal year 2020Operating cash flow133.8Capital expenditure−29.9Free cash flow103.9 +210.1%Buybacks0.0Dividends paid−16.3Fiscal year 2021Operating cash flow69.4Capital expenditure−19.4Free cash flow50.0 −51.9%Buybacks−15.0Dividends paid−17.5Fiscal year 2022Operating cash flow−25.1Capital expenditure−25.0Free cash flow−50.1 −200.2%Buybacks−5.0Dividends paid−18.9Fiscal year 2023Operating cash flow188.4Capital expenditure−22.8Free cash flow165.6Buybacks−21.7Dividends paid−20.1Fiscal year 2024Operating cash flow89.7Capital expenditure−20.9Free cash flow68.8 −58.5%Buybacks−19.6Dividends paid−21.4Fiscal year 2025Operating cash flow65.0Capital expenditure−21.7Free cash flow43.3 −37.1%Buybacks−88.5Dividends paid−21.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 57.9 54.2 80.0 71.9 133.8 69.4 −25.1 188.4 89.7 65.0
Capital expenditure −26.5 −20.4 −18.8 −38.4 −29.9 −19.4 −25.0 −22.8 −20.9 −21.7
Free cash flow 31.4 33.8 61.2 33.5 103.9 50.0 −50.1 165.6 68.8 43.3
Growth +7.8% +81.1% −45.3% +210.1% −51.9% −200.2% −58.5% −37.1%
Buybacks −12.8 0.0 0.0 0.0 0.0 −15.0 −5.0 −21.7 −19.6 −88.5
Dividends paid −14.3 −15.0 −15.3 −16.0 −16.3 −17.5 −18.9 −20.1 −21.4 −21.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash58.0Shareholders’ equity278.5Fiscal year 2017Cash58.4Shareholders’ equity296.5Fiscal year 2018Cash85.6Shareholders’ equity314.4Fiscal year 2019Cash74.6Shareholders’ equity359.9Fiscal year 2020Cash141.0Total debt311.6Net cash (debt)−170.6Shareholders’ equity404.8Debt to equity0.77Fiscal year 2021Cash123.6Total debt267.6Net cash (debt)−144.0Shareholders’ equity433.8Debt to equity0.62Fiscal year 2022Cash77.4Total debt300.3Net cash (debt)−222.9Shareholders’ equity470.8Debt to equity0.64Fiscal year 2023Cash117.1Total debt200.6Net cash (debt)−83.5Shareholders’ equity577.0Debt to equity0.35Fiscal year 2024Cash99.8Total debt199.5Net cash (debt)−99.7Shareholders’ equity620.8Debt to equity0.32Fiscal year 2025Cash106.4Total debt273.6Net cash (debt)−167.2Shareholders’ equity601.6Debt to equity0.45
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 58.0 58.4 85.6 74.6 141.0 123.6 77.4 117.1 99.8 106.4
Total debt n/a n/a n/a n/a 311.6 267.6 300.3 200.6 199.5 273.6
Net cash (debt) n/a n/a n/a n/a −170.6 −144.0 −222.9 −83.5 −99.7 −167.2
Shareholders’ equity 278.5 296.5 314.4 359.9 404.8 433.8 470.8 577.0 620.8 601.6
Debt to equity n/a n/a n/a n/a 0.77 0.62 0.64 0.35 0.32 0.45

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
58.0 58.4 85.6 74.6 141.0 123.6 77.4 117.1 99.8 106.4
145.3 203.3 208.0 216.5 199.9 211.4 251.5 247.6 259.1 256.8
78.6 127.7 135.1 150.1 127.7 160.6 206.6 175.9 183.8 198.5
112.1 180.0 163.4 173.3 185.5 172.8 179.9 n/a n/a n/a
21.1 186.0 182.7 195.1 207.8 193.1 182.0 187.4 185.6 208.6
470.0 994.0 992.5 1,062.9 1,082.6 1,061.7 1,085.1 1,113.4 1,190.1 1,268.9
Growth +111.5% −0.1% +7.1% +1.9% −1.9% +2.2% +2.6% +6.9% +6.6%
Liabilities
n/a n/a n/a n/a 311.6 267.6 300.3 200.6 199.5 273.6
calc n/a n/a n/a n/a 311.6 267.6 300.3 200.6 199.5 273.6
191.5 695.5 676.2 701.6 676.5 626.6 613.0 535.1 568.0 665.5
Equity
318.2 297.0 316.3 346.0 363.3 410.6 458.0 547.4 609.7 628.1
278.5 296.5 314.4 359.9 404.8 433.8 470.8 577.0 620.8 601.6
Growth +6.4% +6.0% +14.5% +12.5% +7.2% +8.5% +22.6% +7.6% −3.1%
Per share and net cash
calc n/a n/a n/a n/a −170.6 −144.0 −222.9 −83.5 −99.7 −167.2
17.7 17.9 18.1 18.3 18.5 18.5 18.5 18.6 18.8 17.8
calc 15.75 16.58 17.35 19.63 21.88 23.40 25.42 30.97 32.93 33.71

Lines marked calc are worked out here from filed figures; point at one for how.