TNC
Tennant Company
NYSE: TNC · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$83.04
+2.39% today
Updated 2026-04-30
Market cap
$1.50B
P/E ratio
35.19
P/S ratio
1.24x
EPS (TTM)
$2.36
Dividend yield
1.47%
52W range
$60 – $85
Volume
0.3M
Tennant Company (TNC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $598.98M | $664.22M | $701.40M | $595.88M | $667.67M | $754.00M | $738.98M | $752.01M | $821.98M | $811.80M | $808.57M | $1.00B | $1.12B | $1.14B | $1.00B | $1.09B | $1.09B | $1.24B | $1.29B | $1.20B |
| Revenue growth (YoY) | — | +10.9% | +5.6% | -15.0% | +12.0% | +12.9% | -2.0% | +1.8% | +9.3% | -1.2% | -0.4% | +24.1% | +12.0% | +1.3% | -12.0% | +9.0% | +0.1% | +13.9% | +3.5% | -6.5% |
| Cost of revenue | $347.40M | $385.23M | $415.15M | $349.77M | $383.34M | $434.82M | $413.68M | $426.10M | $469.56M | $462.74M | $456.98M | $598.64M | $678.48M | $675.90M | $593.20M | $652.80M | $671.30M | $715.80M | $736.70M | $719.20M |
| Gross profit | $251.58M | $278.98M | $286.25M | $246.11M | $284.33M | $319.18M | $325.30M | $325.91M | $352.43M | $349.06M | $351.60M | $404.42M | $445.03M | $461.70M | $407.80M | $438.00M | $420.90M | $527.80M | $550.00M | $484.30M |
| Gross margin | 42.0% | 42.0% | 40.8% | 41.3% | 42.6% | 42.3% | 44.0% | 43.3% | 42.9% | 43.0% | 43.5% | 40.3% | 39.6% | 40.6% | 40.7% | 40.2% | 38.5% | 42.4% | 42.7% | 40.2% |
| R&D | $21.94M | $23.87M | $24.30M | $22.98M | $25.96M | $27.91M | $29.26M | $30.53M | $29.43M | $32.41M | $34.74M | $32.01M | $30.74M | $32.70M | $30.10M | $32.20M | $31.10M | $36.60M | $43.80M | $41.20M |
| SG&A | $189.68M | $206.24M | $243.61M | $202.26M | $221.24M | $241.63M | $234.11M | $232.98M | $242.31M | $252.27M | $248.21M | $345.36M | $356.32M | $357.20M | $314.00M | $321.90M | $306.30M | $352.60M | $391.90M | $374.80M |
| Operating income | $39.96M | $54.84M | $18.57M | $-22.49M | $37.13M | $49.65M | $62.70M | $62.40M | $72.10M | $53.18M | $68.50M | $27.04M | $57.98M | $71.80M | $63.70M | $93.70M | $87.20M | $138.60M | $114.30M | $81.10M |
| Operating margin | 6.7% | 8.3% | 2.6% | -3.8% | 5.6% | 6.6% | 8.5% | 8.3% | 8.8% | 6.6% | 8.5% | 2.7% | 5.2% | 6.3% | 6.4% | 8.6% | 8.0% | 11.1% | 8.9% | 6.7% |
| EBITDA | $54.28M | $76.66M | $44.48M | $1.31M | $57.54M | $72.39M | $83.28M | $85.67M | $92.16M | $86.15M | $86.80M | $67.36M | $113.60M | $126.20M | $111.90M | $134.50M | $135.30M | $188.40M | $169.00M | $125.60M |
| EBITDA margin | 9.1% | 11.5% | 6.3% | 0.2% | 8.6% | 9.6% | 11.3% | 11.4% | 11.2% | 10.6% | 10.7% | 6.7% | 10.1% | 11.1% | 11.2% | 12.3% | 12.4% | 15.1% | 13.1% | 10.4% |
| EBIT | $39.96M | $58.61M | $21.52M | $-21.49M | $36.35M | $50.97M | $62.41M | $65.42M | $72.10M | $68.12M | $68.50M | $24.10M | $59.18M | $71.80M | $58.50M | $81.40M | $86.60M | $137.30M | $113.90M | $66.90M |
| Interest expense | $0.00 | $0.00 | $3.94M | $2.83M | $1.62M | $2.24M | $2.52M | $1.76M | $1.72M | $1.31M | $1.28M | $25.39M | $23.34M | $21.10M | $20.70M | $7.30M | $7.10M | $13.50M | $9.10M | $9.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $29.81M | $39.87M | $10.62M | $-26.24M | $34.80M | $32.71M | $41.58M | $40.23M | $50.65M | $32.09M | $46.61M | $-6.20M | $33.41M | $45.80M | $33.70M | $64.90M | $66.30M | $109.50M | $83.70M | $43.80M |
| Net income growth (YoY) | — | +33.7% | -73.4% | -347.0% | +232.6% | -6.0% | +27.1% | -3.3% | +25.9% | -36.6% | +45.3% | -113.3% | +639.3% | +37.1% | -26.4% | +92.6% | +2.2% | +65.2% | -23.6% | -47.7% |
| Profit margin | 5.0% | 6.0% | 1.5% | -4.4% | 5.2% | 4.3% | 5.6% | 5.3% | 6.2% | 4.0% | 5.8% | -0.6% | 3.0% | 4.0% | 3.4% | 5.9% | 6.1% | 8.8% | 6.5% | 3.6% |