Tennant Co (TNC) Financial Statements
Industry: Refrigeration & Service Industry Machinery
In fiscal 2025, Tennant reported revenue of $1.20B, down 6.5% from $1.29B the year before. Net income was $43.8M (a 3.6% net margin), or $2.36 per diluted share. Gross margin was 40.2% and operating margin was 5.7%. Operating activities generated $65.0M of cash, leaving $43.3M of free cash flow. At fiscal year end, Tennant held $1.27B in total assets against $665.5M in total liabilities.
Open the full interactive Tennant financials → Quarterly statements, key ratios, valuation history and price charts.
Tennant Key Stats
| Share Price | $66.75 |
|---|---|
| Market Cap | $1.15B |
| P/E Ratio | 28.3 |
| Dividend Yield | 1.89% |
| Revenue YoY Growth | -6.5% |
| 52-Week Range | $60.42 – $90.74 |
| Shares Outstanding | 16.9 million (basic, 2026 Q2) |
Tennant Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.00B | $1.09B | $1.09B | $1.24B | $1.29B | $1.20B |
| Cost of Goods Sold | $593.2M | $652.8M | $671.3M | $715.8M | $736.7M | $719.2M |
| Gross Profit | $407.8M | $438.0M | $420.9M | $527.8M | $550.0M | $484.3M |
| Operating Income | $63.7M | $93.7M | $87.2M | $138.6M | $114.3M | $68.3M |
| Pre-Tax Income | $41.1M | $74.1M | $79.5M | $123.8M | $104.8M | $57.9M |
| Income Tax | $7.4M | $9.2M | $13.2M | $14.3M | $21.1M | $14.1M |
| Net Income | $33.7M | $64.9M | $66.3M | $109.5M | $83.7M | $43.8M |
| Diluted EPS | $1.81 | $3.44 | $3.55 | $5.83 | $4.38 | $2.36 |
Tennant Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $303.3M | $291.6M | $297.9M | $324.0M |
| Net Income | $14.9M | -$4.4M | $200,000 | $7.6M |
| Diluted EPS | $0.80 | -$0.24 | $0.01 | $0.44 |
Tennant Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $493.6M | $526.8M | $575.3M | $569.1M | $576.6M | $599.7M |
| Total Assets | $1.08B | $1.06B | $1.09B | $1.11B | $1.19B | $1.27B |
| Current Liabilities | $254.3M | $290.3M | $261.6M | $273.7M | $292.2M | $293.1M |
| Total Long-Term Debt | $297.6M | $263.4M | $295.1M | $194.2M | $198.2M | $273.2M |
| Total Liabilities | $676.5M | $626.6M | $613.0M | $535.1M | $568.0M | $665.5M |
| Shareholders' Equity | $404.8M | $433.8M | $470.8M | $577.0M | $620.8M | $601.6M |
Tennant Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $133.8M | $69.4M | -$25.1M | $188.4M | $89.7M | $65.0M |
| Cash From Investing | -$29.9M | $1.7M | -$24.5M | -$23.2M | -$78.4M | -$22.7M |
| Cash From Financing | -$42.8M | -$84.5M | $8.1M | -$122.6M | -$25.2M | -$38.7M |
| Free Cash Flow | $103.9M | $50.0M | -$50.1M | $165.6M | $68.8M | $43.3M |
| Dividends Paid | $16.3M | $17.5M | $18.9M | $20.1M | $21.4M | $21.9M |
Figures from Tennant's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Tennant financials page for every line item.
Tennant Company Profile
| Ticker | TNC |
|---|---|
| Exchange | NYSE |
| Industry | Refrigeration & Service Industry Machinery |
| Headquarters | Eden Prairie, Minnesota |
| Incorporated in | Minnesota |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000097134 |
Frequently Asked Questions
What was Tennant's revenue in fiscal 2025?
Tennant (TNC) reported revenue of $1.20B for fiscal 2025.
What is Tennant's annual revenue history?
Tennant's annual revenue by fiscal year: 2020: $1.00B; 2021: $1.09B; 2022: $1.09B; 2023: $1.24B; 2024: $1.29B; 2025: $1.20B.
What was Tennant's net income in fiscal 2025?
Tennant reported net income of $43.8M for fiscal 2025.
What was Tennant's earnings per share (EPS) in fiscal 2025?
Tennant's diluted EPS was $2.36 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Tennant generate in fiscal 2025?
Tennant generated $43.3M of free cash flow in fiscal 2025.
What was Tennant's revenue last quarter?
In its most recent reported quarter (2026 Q2), Tennant reported revenue of $324.0M.
How much debt does Tennant have?
Tennant reported $273.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Tennant are outstanding?
Tennant reported a weighted average of 16.9 million basic shares outstanding in 2026 Q2.
What is Tennant's market cap?
Based on its latest closing price, Tennant (TNC) has a market capitalization of about $1.15B.
When does Tennant's fiscal year end?
Tennant's fiscal year end, as registered with the SEC, is December 31.
Where is Tennant headquartered?
Tennant lists its business address in Eden Prairie, Minnesota in its SEC filings.