(TNC) Tennant - Overview
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NYSE (USA) | Market Cap: 1.371m USD | Total Return: 13.8% in 12m
Avg Turnover: 19.6M
EPS Trend: -69.3%
Qual. Beats: -2
Rev. Trend: 8.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Shakeout
Tennant Company (TNC) is an industrial machinery manufacturer specializing in mechanized floor cleaning solutions for commercial and industrial markets. The company operates a global footprint across the Americas, EMEA, and Asia Pacific, distributing products under a portfolio of brands including Tennant, Nobles, and IPC. Its product lineup encompasses manual and autonomous robotic equipment, sustainable detergent-free technologies, and asset management software.
The business model integrates hardware sales with high-margin recurring revenue streams, including aftermarket parts, consumables, and maintenance services. As a player in the industrial machinery sector, Tennant relies on a mix of direct sales and authorized distributors to reach diverse end-markets such as logistics, retail, and healthcare. Investors looking for deeper fundamental insights may find ValueRay beneficial for further due diligence. The company’s focus on autonomous cleaning reflects a broader industry shift toward labor-saving automation and IoT-enabled fleet management.
- Autonomous cleaning robot adoption accelerates revenue growth and operating margins
- Labor shortages drive industrial demand for mechanized floor cleaning equipment
- Aftermarket parts and service subscriptions provide recurring high-margin revenue streams
- Global manufacturing activity levels influence capital expenditure on industrial equipment
- Steel and component price volatility impacts manufacturing costs and profitability
| Net Income: 30.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.90 > 1.0 |
| NWC/Revenue: 26.62% < 20% (prev 23.19%; Δ 3.43% < -1%) |
| CFO/TA 0.03 > 3% & CFO 34.2m > Net Income 30.9m |
| Net Debt (344.9m) to EBITDA (111.3m): 3.10 < 3 |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (17.8m) vs 12m ago -6.09% < -2% |
| Gross Margin: 39.45% > 18% (prev 0.42%; Δ 3.90k% > 0.5%) |
| Asset Turnover: 98.61% > 50% (prev 107.2%; Δ -8.62% > 0%) |
| Interest Coverage Ratio: 5.12 > 6 (EBITDA TTM 111.3m / Interest Expense TTM 10.1m) |
| A: 0.25 (Total Current Assets 611.1m - Total Current Liabilities 288.6m) / Total Assets 1.28b |
| B: 0.44 (Retained Earnings 562.1m / Total Assets 1.28b) |
| C: 0.04 (EBIT TTM 51.7m / Avg Total Assets 1.23b) |
| D: 0.71 (Book Value of Equity 531.2m / Total Liabilities 743.6m) |
| Altman-Z'' = 4.13 = AA |
| DSRI: 1.17 (Receivables 280.6m/251.2m, Revenue 1.21b/1.27b) |
| GMI: 1.07 (GM 39.45% / 42.07%) |
| AQI: 1.01 (AQ_t 0.33 / AQ_t-1 0.33) |
| SGI: 0.96 (Revenue 1.21b / 1.27b) |
| TATA: -0.00 (NI 30.9m - CFO 34.2m) / TA 1.28b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 82.20 with a total of 146,209 shares traded.
Over the past week, the price has changed by +3.90%,
over one month by +2.88%,
over three months by +33.75% and
over the past year by +13.79%.
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
| Analysts Target Price | 91.5 | 11.3% |
P/E Forward = 18.5185
P/S = 1.1314
P/B = 2.7945
P/EG = 2.6452
Revenue TTM = 1.21b USD
EBIT TTM = 51.7m USD
EBITDA TTM = 111.3m USD
Long Term Debt = 357.5m USD (from longTermDebt, last quarter)
Short Term Debt = 400k USD (from shortTermDebt, last quarter)
Debt = 427.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 35.0m
Net Debt = 344.9m USD (calculated: Debt 427.5m - CCE 82.6m)
Enterprise Value = 1.72b USD (1.37b + Debt 427.5m - CCE 82.6m)
Interest Coverage Ratio = 5.12 (Ebit TTM 51.7m / Interest Expense TTM 10.1m)
EV/FCF = 104.6x (Enterprise Value 1.72b / FCF TTM 16.4m)
FCF Yield = 0.96% (FCF TTM 16.4m / Enterprise Value 1.72b)
FCF Margin = 1.35% (FCF TTM 16.4m / Revenue TTM 1.21b)
Net Margin = 2.55% (Net Income TTM 30.9m / Revenue TTM 1.21b)
Gross Margin = 39.45% ((Revenue TTM 1.21b - Cost of Revenue TTM 733.5m) / Revenue TTM)
Gross Margin QoQ = 38.13% (prev 34.57%)
Tobins Q-Ratio = 1.34 (Enterprise Value 1.72b / Total Assets 1.28b)
Interest Expense / Debt = 2.36% (Interest Expense 10.1m / Debt 427.5m)
Taxrate = 24.35% (14.1m / 57.9m)
NOPAT = 39.1m (EBIT 51.7m * (1 - 24.35%))
Current Ratio = 2.12 (Total Current Assets 611.1m / Total Current Liabilities 288.6m)
Debt / Equity = 0.80 (Debt 427.5m / totalStockholderEquity, last quarter 531.2m)
Debt / EBITDA = 3.10 (Net Debt 344.9m / EBITDA 111.3m)
Debt / FCF = 21.03 (Net Debt 344.9m / FCF TTM 16.4m)
Total Stockholder Equity = 606.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.52% (Net Income 30.9m / Total Assets 1.28b)
RoE = 5.10% (Net Income TTM 30.9m / Total Stockholder Equity 606.4m)
RoCE = 5.36% (EBIT 51.7m / Capital Employed (Equity 606.4m + L.T.Debt 357.5m))
RoIC = 3.96% (NOPAT 39.1m / Invested Capital 988.4m)
WACC = 7.35% (E(1.37b)/V(1.80b) * Re(9.08%) + D(427.5m)/V(1.80b) * Rd(2.36%) * (1-Tc(0.24)))
Discount Rate = 9.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -2.69%
[DCF] Terminal Value 73.10% ; FCFF base≈34.3m ; Y1≈30.1m ; Y5≈24.3m
[DCF] Fair Price = 2.67 (EV 390.3m - Net Debt 344.9m = Equity 45.4m / Shares 17.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -69.33 | EPS CAGR: -12.39% | SUE: -1.69 | # QB: -2
Revenue Correlation: 8.37 | Revenue CAGR: 0.23% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.40 | Chg30d=-10.07% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.53 | Chg30d=+0.44% | Revisions=-33% | Analysts=2
EPS current Year (2026-12-31): EPS=5.12 | Chg30d=+2.71% | Revisions=+0% | GrowthEPS=+11.9% | GrowthRev=+5.1%
EPS next Year (2027-12-31): EPS=6.53 | Chg30d=+11.43% | Revisions=+20% | GrowthEPS=+27.7% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: -33%