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 29 h ago 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

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	FCF	Total debt	Cash
2025	$1.2B	$44M	40.2%	5.7%	$43M	$274M	$106M
2024	$1.3B	$84M	42.7%	8.9%	$69M	$200M	$100M
2023	$1.2B	$110M	42.4%	11.1%	$166M	$201M	$117M
2022	$1.1B	$66M	38.5%	8.0%	-$50M	$300M	$77M
2021	$1.1B	$65M	40.2%	8.6%	$50M	$268M	$124M
2020	$1.0B	$34M	40.7%	6.4%	$104M	$312M	$141M
2019	$1.1B	$46M	40.6%	6.3%	$34M	—	$75M
2018	$1.1B	$33M	39.6%	5.2%	$61M	—	$86M
2017	—	-$6M	—	—	$34M	—	$59M
2016	—	$47M	—	—	$31M	—	$59M
2015	—	$32M	—	—	$20M	—	$52M
2014	—	$51M	—	—	$40M	—	—
2013	—	$40M	—	—	$45M	—	—
2012	—	$42M	—	—	$32M	—	—
2011	—	$33M	—	—	$43M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$298M	$200000	38.1%	1.6%	-$34M	—	$83M
Dec '25	$292M	-$4M	34.6%	-1.4%	$10M	$274M	$106M
Sep '25	$303M	$15M	42.7%	7.4%	$22M	—	$99M
Jun '25	$319M	$20M	42.1%	9.6%	$19M	—	$80M
Mar '25	$290M	$13M	41.4%	6.8%	-$7M	—	$80M
Dec '24	$329M	$7M	41.3%	2.3%	$28M	$200M	$100M
Sep '24	$316M	$21M	42.4%	9.7%	$26M	—	$91M
Jun '24	$331M	$28M	43.1%	11.7%	$14M	—	$85M
Mar '24	$311M	$28M	44.2%	12.1%	-$100000	—	$89M
Dec '23	$311M	$31M	42.0%	7.9%	$56M	$201M	$117M
Sep '23	$305M	$23M	43.3%	11.4%	$51M	—	$97M
Jun '23	$322M	$31M	43.4%	13.5%	$34M	—	$96M
Mar '23	$306M	$24M	41.0%	11.7%	$24M	—	$91M
Dec '22	$291M	$24M	39.6%	9.8%	$8M	$300M	$77M
Sep '22	$263M	$16M	38.3%	8.1%	-$24M	—	$59M
Jun '22	$280M	$17M	37.9%	8.1%	-$19M	—	$74M
Mar '22	$258M	$10M	38.3%	5.7%	-$15M	—	$110M
Dec '21	$276M	$8M	36.4%	4.7%	-$900000	$268M	$124M
Sep '21	$272M	$22M	40.1%	8.8%	$21M	—	$141M
Jun '21	$279M	$10M	41.2%	7.3%	$16M	—	$135M

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 35.4× (Jun '26).
The price-to-sales ratio has risen from 1.1× (Mar '23) to 1.3× (Jun '26).
The dividend yield has fallen from 1.6% (Mar '23) to 1.4% (Jun '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?

As of Jun '26, Tennant traded at a price-to-earnings ratio of about 35.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.