Tennant (TNC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Tennant

NYSE•Industrials•Specialty Industrial Machinery

$71.97+1.63(0.02%)Market closed

Market Cap

$1.14B

P/E

62.2x

P/S

0.9x

P/B

2.1x

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers manual and autonomous mechanized cleaning equipment for industrial and commercial use, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, and equipment maintenance and repair services. It also provides business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. In addition, the company offers robotic cleaning equipment; IRIS, an asset management solution; ec-H2O NanoClean, a detergent-free cleaning solution; and ReadySpace, a rapid-drying carpet cleaning technology. It offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. The company serves retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and others. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

How this company scores

WeakMetricSide Score: 33/100

Strongest: Balance Sheet & Red Flags (12/25); weakest: Growth (5/25).

Profitability7/25

Growth5/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality9/25

Strengths

Improving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 62.2x5y range 13.5x – 62.2x

Currently above its 20-quarter median.

P/S · 0.9x5y range 0.9x – 1.8x

Currently near its 20-quarter median.

P/B · 2.1x5y range 2.1x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 56.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.14B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.22B
Q. Revenue: $324.00M
TTM EBITDA: $98.80M
TTM Op. Income: $38.90M
Q. Op. Income: $15.90M
TTM Net Income: $18.30M
Q. Net Income: $7.60M
EPS: $0.44
Shares Out.: $16.90M

$1.22B in TTM revenue declined 2.9% YoY, reaching $324.00M last quarter. TTM EBITDA of $98.80M and TTM operating income of $38.90M show growth is flowing through to the bottom line. TTM net income of $18.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 39.5%
EBITDA Margin: 9.5%
Op. Margin: 4.9%
Net Margin: 2.3%

Op. margin of 4.9% is down 4.7% YoY — costs are rising relative to revenue. Net margin at 2.3% and gross margin of 39.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 62.2x
P/S Ratio: 0.9x
P/B Ratio: 2.1x

At 62.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.9x and P/B of 2.1x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 7 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.27B
Cash: $76.90M
Long-Term Debt: $358.40M
Book Value: $535.20M
D/E Ratio: 0.7
Debt/EBITDA: 11.6

With $1.27B in assets and $358.40M in long-term debt, D/E is 0.7and book value is $535.20M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 105% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.00M
TTM Free Cash Flow: $-2.70M
FCF Margin: -0.2%
FCF / Net Income: -0.1

TTM FCF of $-2.70M on $5.00M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.