TNC Financials Tennant

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 3.8% per year over the past 5 years.
Net income has grown faster than revenue (5.4% vs 3.8% per year).
Operating margin has been roughly flat, at 5.7% in the latest year.
Free cash flow has declined 16.1% per year over the past 5 years.

Financial health

Total debt ($274M) exceeds cash ($106M); net debt is $167M.
Total debt has grown slower than revenue (-2.6% vs 3.8% per year).
Total debt is 4.0× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 50.0% of earnings and 50.6% of free cash flow.
The dividend has grown 6.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.2B	$44M	40.2%	5.7%	7.3%	3.5%	$43M	$274M	$106M
2024	$1.3B	$84M	42.7%	8.9%	13.5%	7.0%	$69M	$200M	$100M
2023	$1.2B	$110M	42.4%	11.1%	19.0%	9.8%	$166M	$201M	$117M
2022	$1.1B	$66M	38.5%	8.0%	14.1%	6.1%	-$50M	$300M	$77M
2021	$1.1B	$65M	40.2%	8.6%	15.0%	6.1%	$50M	$268M	$124M
2020	$1.0B	$34M	40.7%	6.4%	8.3%	3.1%	$104M	$312M	$141M
2019	$1.1B	$46M	40.6%	6.3%	12.7%	4.3%	$34M	—	$75M
2018	$1.1B	$33M	39.6%	5.2%	10.6%	3.4%	$61M	—	$86M
2017	—	-$6M	—	—	-2.1%	-0.6%	$34M	—	$59M
2016	—	$47M	—	—	16.7%	9.9%	$31M	—	$59M
2015	—	$32M	—	—	12.7%	7.4%	$20M	—	$52M
2014	—	$51M	—	—	18.0%	10.4%	$40M	—	—
2013	—	$40M	—	—	15.2%	8.8%	$45M	—	—
2012	—	$42M	—	—	17.7%	9.9%	$32M	—	—
2011	—	$33M	—	—	14.8%	7.7%	$43M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$324M	$8M	39.5%	4.9%	1.4%	0.6%	-$300000	—	$77M
Mar '26	$298M	$200000	38.1%	1.6%	0.0%	0.0%	-$34M	—	$83M
Dec '25	$292M	-$4M	34.6%	-1.4%	-0.7%	-0.3%	$10M	$274M	$106M
Sep '25	$303M	$15M	42.7%	7.4%	2.3%	1.2%	$22M	—	$99M
Jun '25	$319M	$20M	42.1%	9.6%	3.1%	1.6%	$19M	—	$80M
Mar '25	$290M	$13M	41.4%	6.8%	2.1%	1.1%	-$7M	—	$80M
Dec '24	$329M	$7M	41.3%	2.3%	1.1%	0.6%	$28M	$200M	$100M
Sep '24	$316M	$21M	42.4%	9.7%	3.2%	1.7%	$26M	—	$91M
Jun '24	$331M	$28M	43.1%	11.7%	4.5%	2.4%	$14M	—	$85M
Mar '24	$311M	$28M	44.2%	12.1%	4.6%	2.5%	-$100000	—	$89M
Dec '23	$311M	$31M	42.0%	7.9%	5.4%	2.8%	$56M	$201M	$117M
Sep '23	$305M	$23M	43.3%	11.4%	4.2%	2.2%	$51M	—	$97M
Jun '23	$322M	$31M	43.4%	13.5%	6.0%	2.8%	$34M	—	$96M
Mar '23	$306M	$24M	41.0%	11.7%	4.9%	2.2%	$24M	—	$91M
Dec '22	$291M	$24M	39.6%	9.8%	5.1%	2.2%	$8M	$300M	$77M
Sep '22	$263M	$16M	38.3%	8.1%	3.7%	1.6%	-$24M	—	$59M
Jun '22	$280M	$17M	37.9%	8.1%	3.8%	1.6%	-$19M	—	$74M
Mar '22	$258M	$10M	38.3%	5.7%	2.4%	1.0%	-$15M	—	$110M
Dec '21	$276M	$8M	36.4%	4.7%	1.8%	0.7%	-$900000	$268M	$124M
Sep '21	$272M	$22M	40.1%	8.8%	4.9%	2.0%	$21M	—	$141M

Valuation over time

How the market has priced TNC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 17.6× (Mar '23) to 26.8× (Nov '26).
The price-to-sales ratio has fallen from 1.1× (Mar '23) to 1.0× (Nov '26).
The dividend yield has risen from 1.6% (Mar '23) to 1.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TNC growing its revenue and profit?

Over the past 5 years, Tennant's revenue has grown 3.8% per year, and net income grown 5.4% per year. These are computed facts, not advice.

How much debt does TNC have?

As of FY2025, Tennant reported $274M of total debt against $106M of cash.

What is TNC's profit margin?

In FY2025, gross margin was 40.2%, operating margin 5.7%, and net margin 3.6%.

What is TNC's P/E ratio?

Tennant's P/E (TTM) is 64.20 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TNC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.