TNC Stock Analysis: Tennant | NYSE
Specialty Industrial Machinery | NYSE, USA | Market Cap: 1.491m USD | 12M Return: 6.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.5M
EPS Trend: -69.3%
Qual. Beats: 0
Rev. Trend: 8.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
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.
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.
- Industrial capex weakness pressures equipment unit volumes
- Autonomous cleaning robots gain commercial market traction
- Aftermarket consumables drive recurring high-margin revenue
| Net Income: 30.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.93 > 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 42.07%; Δ -2.62% > 0.5%) |
| Asset Turnover: 98.61% > 50% (prev 107.2%; Δ -8.62% > 0%) |
| Interest Coverage Ratio: 5.12 > 6 (EBIT TTM 51.7m / 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 42.07% / 39.45%) |
| 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 = -2.85 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at USD 85.60 with a total of 111,577 shares traded. Over the past week, the price has changed by -2.22%, over one month by +0.34%, over three months by +14.83% and over the past year by +6.90%.
Current recommended Stop Loss: 82.20 (which is 4% or 1.3 ATR below the current price).
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 | 93.5 | 9.2% |
P/E Trailing = 52.0714
P/E Forward = 18.018
P/S = 1.2304
P/B = 2.7608
P/EG = 2.575
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 = 1.84b USD (1.49b + Debt 427.5m - CCE 82.6m)
Interest Coverage Ratio = 5.12 (Ebit TTM 51.7m / Interest Expense TTM 10.1m)
EV/FCF = 114.7x (Enterprise Value 1.84b / FCF TTM 16.0m)
FCF Yield = 0.87% (FCF TTM 16.0m / Enterprise Value 1.84b)
FCF Margin = 1.32% (FCF TTM 16.0m / 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 = 1.44 (Enterprise Value 1.84b / Total Assets 1.28b)
Interest Expense / Debt = 2.36% (Interest Expense 10.1m / Debt 427.5m)
Taxrate = 25.72% (10.7m / 41.6m)
NOPAT = 38.4m (EBIT 51.7m * (1 - 25.72%))
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 = 21.56 (Net Debt 344.9m / FCF TTM 16.0m)
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 = 4.14% (NOPAT 38.4m / Invested Capital 927.8m)
WACC = 7.25% (E(1.49b)/V(1.92b) * Re(8.83%) + D(427.5m)/V(1.92b) * Rd(2.36%) * (1-Tc(0.26)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -2.69%
[DCF] Terminal Value 73.10% ; FCFF base≈34.1m ; Y1≈29.9m ; Y5≈24.1m
[DCF] Fair Price = 2.51 (EV 387.6m - Net Debt 344.9m = Equity 42.7m / Shares 17.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -69.33 | EPS CAGR: -12.39% | SUE: 0.38 | # QB: 0
Revenue Correlation: 8.37 | Revenue CAGR: 0.23% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.33 | Chg30d=-2.21% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.54 | Chg30d=+0.66% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=5.12 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+12.0% | GrowthRev=+5.2%
EPS next Year (2027-12-31): EPS=6.41 | Chg30d=+0.55% | Revisions=+25% | GrowthEPS=+25.3% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -10% (up=3, down=4)