TNC Stock Analysis: Tennant | NYSE

Floor Cleaning Equipment, Robotic Cleaners, Aftermarket Parts, Cleaning Consumables

Total Rating 23

Safety 85

Buy Signal -0.90

Specialty Industrial Machinery
Industry Rotation: +1.3

Market Cap: 1.17B
Avg Turnover: 17.7M

Risk 3d forecast

Volatility28.9%

VaR 5^th Pctl4.80%

VaR vs Median0.70%

Reward TTM

Sharpe Ratio-0.27

Rel. Str. IBD7.2

Rel. Str. Peer Group17.9

Character TTM

Beta0.834

Beta Downside0.807

Hurst Exponent0.557

Drawdowns 3y

Max DD48.98%

CAGR/Max DD-0.09

CAGR/Mean DD-0.18

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 11.6 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 -7.0% 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 global manufacturer of floor cleaning equipment, operating within the industrial machinery and supplies sector. Founded in 1870 and headquartered in Eden Prairie, Minnesota, the company serves customers across the Americas, Europe, the Middle East, Africa, and Asia Pacific.

Its product portfolio spans manual and autonomous mechanized cleaning equipment, sustainable cleaning technologies, aftermarket parts and consumables, and equipment maintenance and repair services. The company also offers business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Tennants product ecosystem tends to generate recurring revenue through aftermarket parts, consumables, and service contracts, which is a common feature of the industrial equipment business model.

Among its notable proprietary offerings are IRIS, an asset management solution; ec-H2O NanoClean, a detergent-free cleaning technology; ReadySpace, a rapid-drying carpet cleaning system; and a line of robotic cleaning equipment. These products are sold under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, in addition to private-label brands.

Tennant serves a diverse end-market base that includes retail establishments, distribution centers, factories, warehouses, public venues such as arenas and stadiums, office buildings, educational and healthcare facilities. Distribution occurs through direct sales and service organizations as well as a network of authorized distributors.

Headlines to Watch Out For

Industrial capex weakness pressures equipment unit volumes
Autonomous cleaning robots gain commercial market traction
Aftermarket consumables drive recurring high-margin revenue

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 (97.4m): 3.57 < 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 August 24, 2026, the stock is trading at USD 68.68 with a total of 150,127 shares traded. Over the past week, the price has changed by +0.13%, over one month by -20.89%, over three months by -20.00% and over the past year by -15.94%.

Current recommended Stop Loss: 62.10 (which is 9.6% or 1.9 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	27.8%

Tennant (TNC) - Fundamental Data Overview as of 22 August 2026

Market Cap USD = 1.17b (1.17b USD * 1.0 USD.USD)
P/E Trailing = 65.4095
P/E Forward = 17.452
P/S = 0.9623
P/B = 2.1742
P/EG = 2.4916
Revenue TTM = 1.22b USD
EBIT TTM = 36.8m USD
EBITDA TTM = 97.4m 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 = 1.52b USD (1.17b + Debt 425.1m - CCE 76.9m)
Interest Coverage Ratio = 3.02 (Ebit TTM 36.8m / Interest Expense TTM 12.2m)
EV/FCF = -523.8x (Enterprise Value 1.52b / FCF TTM -2.90m)
FCF Yield = -0.19% (FCF TTM -2.90m / Enterprise Value 1.52b)
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 = 1.20 (Enterprise Value 1.52b / 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 = 3.57 (Net Debt 348.2m / EBITDA 97.4m)
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 = 7.11% (E(1.17b)/V(1.60b) * Re(8.92%) + D(425.1m)/V(1.60b) * Rd(2.87%) * (1-Tc(0.26)))
Discount Rate = 8.92% (= 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=1.02 | Chg30d=-33.84% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=3.85 | Chg30d=-24.76% | Revisions=-25% | GrowthEPS=-15.8% | GrowthRev=+6.8%
EPS next Year (2027-12-31): EPS=5.62 | Chg30d=-12.32% | Revisions=-25% | GrowthEPS=+46.0% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -50% (up=0, down=3)