TNC Stock Analysis: Tennant | NYSE

Floor Cleaning, Robotic Equipment, Detergent-Free Fluids, Maintenance Services

Total Rating 24

Safety 86

Buy Signal -0.66

Specialty Industrial Machinery
Industry Rotation: +6.4

Market Cap: 1.16B
Avg Turnover: 11.0M

Risk 3d forecast

Volatility30.1%

VaR 5^th Pctl5.02%

VaR vs Median1.33%

Reward TTM

Sharpe Ratio-0.41

Rel. Str. IBD12.6

Rel. Str. Peer Group23.5

Character TTM

Beta0.789

Beta Downside0.802

Hurst Exponent0.527

Drawdowns 3y

Max DD48.98%

CAGR/Max DD-0.07

CAGR/Mean DD-0.13

EPS (Earnings per Share)

EPS CAGR: -19.89%
EPS Trend: -84.6%

Last SUE: -0.91
Qual. Beats: -1

Revenue

Rev. CAGR: -0.94%
Rev. Trend: -41.6%

Last SUE: -0.47
Qual. Beats: 0

Warnings

High Debt While Negative Cash Flow

Below Avwap Earnings

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan -2.8% 2

Feb +2.4% 20

Mar +2.1% 34

Apr +1.5% 5

May +1.5% 5

Jun +0.4% 8

Jul +1.3% 18

Aug -8.7% 46

Sep -2.0% 30

Oct -0.6% 13

Nov +0.6% 2

Dec +0.3% 15

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: TNC Tennant

Tennant Company (NYSE: TNC) is a U.S.-based manufacturer of floor cleaning equipment, operating across the Americas, Europe, the Middle East, Africa, and Asia Pacific. Classified within the Industrials sector (Industrial Machinery & Supplies & Components), the company sells to industrial and commercial end markets through a mix of direct sales, service organizations, and authorized distributors.

Its product portfolio spans manual and autonomous mechanized cleaning equipment, robotic cleaning machines, and proprietary technologies such as the IRIS asset management platform, ec-H2O NanoClean detergent-free solution, and ReadySpace rapid-drying carpet technology. Tennant supplements equipment sales with aftermarket parts, consumables, maintenance and repair services, and business solutions including financing, rental, and leasing programs - a combination that supports recurring service revenue typical of industrial equipment OEMs.

The company markets products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, alongside private-label offerings. Its customers include retail establishments, distribution centers, factories, warehouses, public venues, office buildings, schools, hospitals, and contract cleaners.

Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant is a long-established industrial operator with a globally diversified brand portfolio built partly through acquisitions.

Headlines to Watch Out For

Aftermarket parts and consumables lift recurring revenue mix
Robotic floor cleaning adoption accelerates industrial segment growth
Europe industrial demand weakens on manufacturing slowdown

Piotroski VR-10 (Strict) 2.5

Net Income: 18.3m TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -5.50 > 1.0
NWC/Revenue: 25.77% < 20% (prev 23.92%; Δ 1.85% < -1%)
CFO/TA 0.01 > 3% & CFO 16.7m > Net Income 18.3m
Net Debt (348.2m) to EBITDA (96.7m): 3.60 < 3
Current Ratio: 2.04 > 1.5 & < 3
Outstanding Shares: last quarter (17.2m) vs 12m ago -8.12% < -2%
Gross Margin: 38.77% > 18% (prev 41.80%; Δ -3.04% > 0.5%)
Asset Turnover: 96.87% > 50% (prev 101.0%; Δ -4.08% > 0%)
Interest Coverage Ratio: 3.02 > 6 (EBIT TTM 36.8m / Interest Expense TTM 12.2m)

Altman Z'' 4.02

A: 0.25 (Total Current Assets 613.8m - Total Current Liabilities 300.2m) / Total Assets 1.27b
B: 0.44 (Retained Earnings 564.4m / Total Assets 1.27b)
C: 0.03 (EBIT TTM 36.8m / Avg Total Assets 1.26b)
D: 0.73 (Book Value of Equity 533.4m / Total Liabilities 735.6m)
Altman-Z'' = 4.02 = AA

Beneish M -2.91

DSRI: 1.11 (Receivables 286.3m/265.3m, Revenue 1.22b/1.25b)
GMI: 1.08 (GM 41.80% / 38.77%)
AQI: 0.96 (AQ_t 0.33 / AQ_t-1 0.34)
SGI: 0.97 (Revenue 1.22b / 1.25b)
TATA: 0.00 (NI 18.3m - CFO 16.7m) / TA 1.27b)
Beneish M = -2.91 (Cap -4..+1) = A

What is the price of TNC shares?

As of October 09, 2026, the stock is trading at USD 65.94 with a total of 134,829 shares traded. Over the past week, the price has changed by -1.14%, over one month by -10.24%, over three months by -22.62% and over the past year by -18.05%.

Current recommended Stop Loss: 63.10 (which is 4.3% or 1.3 ATR below the current price).

Is TNC a buy, sell or hold?

Tennant has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy TNC.

StrongBuy: 2
Buy: 0
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the TNC price?

Analysts Target Price	87.8	33.1%

Tennant (TNC) - Fundamental Data Overview as of 08 October 2026

Market Cap USD = 1.16b (1.16b USD * 1.0 USD.USD)
P/E Trailing = 65.5481
P/E Forward = 11.7925
P/S = 0.9552
P/B = 2.1326
P/EG = 1.684
Revenue TTM = 1.22b USD
EBIT TTM = 36.8m USD
EBITDA TTM = 96.7m USD
Long Term Debt = 357.5m USD (from longTermDebt, last quarter)
Short Term Debt = 500k USD (from shortTermDebt, last quarter)
Debt = 425.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 34.3m
Net Debt = 348.2m USD (calculated: Debt 425.1m - CCE 76.9m)
Enterprise Value = 1.51b USD (1.16b + Debt 425.1m - CCE 76.9m)
Interest Coverage Ratio = 3.02 (Ebit TTM 36.8m / Interest Expense TTM 12.2m)
EV/FCF = -520.8x (Enterprise Value 1.51b / FCF TTM -2.90m)
FCF Yield = -0.19% (FCF TTM -2.90m / Enterprise Value 1.51b)
FCF Margin = -0.24% (FCF TTM -2.90m / Revenue TTM 1.22b)
Net Margin = 1.50% (Net Income TTM 18.3m / Revenue TTM 1.22b)
Gross Margin = 38.77% ((Revenue TTM 1.22b - Cost of Revenue TTM 745.1m) / Revenue TTM)
Gross Margin QoQ = 39.48% (prev 38.13%)
Tobins Q-Ratio = 1.19 (Enterprise Value 1.51b / Total Assets 1.27b)
Interest Expense / Debt = 2.87% (Interest Expense 12.2m / Debt 425.1m)
Taxrate = 25.61% (6.30m / 24.6m)
NOPAT = 27.4m (EBIT 36.8m * (1 - 25.61%))
Current Ratio = 2.04 (Total Current Assets 613.8m / Total Current Liabilities 300.2m)
Debt / Equity = 0.80 (Debt 425.1m / totalStockholderEquity, last quarter 533.4m)
Debt / EBITDA = 3.60 (Net Debt 348.2m / EBITDA 96.7m)
Debt / FCF = -120.1 (out of range, set to none) (Net Debt 348.2m / FCF TTM -2.90m)
Total Stockholder Equity = 576.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.46% (Net Income 18.3m / Total Assets 1.27b)
RoE = 3.17% (Net Income TTM 18.3m / Total Stockholder Equity 576.8m)
RoCE = 3.94% (EBIT 36.8m / Capital Employed (Equity 576.8m + L.T.Debt 357.5m))
RoIC = 3.01% (NOPAT 27.4m / Invested Capital 910.3m)
WACC = 6.99% (E(1.16b)/V(1.59b) * Re(8.76%) + D(425.1m)/V(1.59b) * Rd(2.87%) * (1-Tc(0.26)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.38 | Cagr: -4.57%
[DCF] Fair Price = unknown (Cash Flow -2.90m)
EPS Correlation: -84.59 | EPS CAGR: -19.89% | SUE: -0.91 | # QB: -1
Revenue Correlation: -41.61 | Revenue CAGR: -0.94% | SUE: -0.47 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.98 | Chg30d=-3.61% | Revisions=-50% | Analysts=3
EPS current Year (2026-12-31): EPS=3.85 | Chg30d=-0.09% | Revisions=-50% | GrowthEPS=-15.8% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=5.62 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+46.1% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -70% (up=0, down=7)