Is Tennant Company (TNC) overvalued or fairly valued?

MarketChacha shows Tennant Company's valuation in context — a trailing P/E of about 30.9, a forward P/E of about 12.8, a price-to-book of about 2.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Tennant Company's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.45×) from reported figures — education, not a rating.

What is Tennant Company's revenue?

Tennant Company reported revenue of $1.2B for FY2025, with net profit of $43.8M, per official filings.

What is the share price of Tennant Company (TNC)?

Tennant Company last traded at $71.97 (+2.3% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Tennant Company

TNC · NYSE · Industrials · United States

Snapshot

TickerTNC

ExchangeNYSE

SectorIndustrials

IndustrySpecialty Industrial Machinery

CountryUnited States

Employees4,500

HeadquartersEden Prairie, United States

Websitewww.tennantco.com

Filings tracked16

About Tennant Company

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.

Who owns it

Insiders2.2%
Institutions97.8%
Public & other0.0%

334 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.83%
Alliancebernstein L.P.7.13%
Vanguard Portfolio Management LLC6.94%
FMR, LLC5.76%
Vanguard Capital Management LLC4.50%
State Street Corporation4.17%
Gamco Investors, Inc ET AL4.11%
Mairs & Power Inc4.00%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 5.2 points over the period — profitability is trending down.

Cash conversion1.45×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend8.8% → 3.6%

Margin has compressed by about 5.2 points over the period — profitability is trending down.

Return on equity7.3%

Latest ROE of 7.3% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -2% · PAT -37%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $332.9M · EPS 1.43

Est. earnings growth +197.2%

Next fiscal year

Rev $1.4B · EPS 5.62

Est. earnings growth +46.0%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.2B

Net margin

3.6%

ROE

7.3%

Revenue CAGR (2y)

-1.6%

Profit CAGR (2y)

-36.8%

EPS (FY2025)

2.36

Net profit (FY2025)

$43.8M

Ask MarketChacha about TNC

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.2B	$43.8M	2.36	3.6%	7.3%
FY2024	$1.3B	$83.7M	4.38	6.5%	13.5%
FY2023	$1.2B	$109.5M	5.83	8.8%	19.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$324.0M	$7.6M	0.44	2.3%
2026Q1	$297.9M	$200,000	0.01	0.1%
2025Q3	$303.3M	$14.9M	0.80	4.9%
2025Q2	$318.6M	$20.2M	1.08	6.3%
2025Q1	$290.0M	$13.1M	0.69	4.5%
2024Q3	$315.8M	$20.8M	1.09	6.6%
2024Q2	$331.0M	$27.9M	1.45	8.4%
2024Q1	$311.0M	$28.4M	1.49	9.1%
2023Q3	$304.7M	$22.9M	1.21	7.5%
2023Q2	$321.7M	$31.3M	1.68	9.7%
2023Q1	$305.8M	$24.3M	1.30	7.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/6/2026material
10-Q — FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026
SEC8/6/2026
8-K — Executive/director change, Exhibits
SEC7/30/2026material
8-K — Executive/director change, Exhibits
SEC6/17/2026material
10-Q — FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026
SEC5/5/2026
8-K — Results of operations, Exhibits
SEC5/4/2026material
8-K — Shareholder vote results
SEC5/1/2026material
8-K — Executive/director change
SEC2/27/2026material
8-K — Results of operations, Exhibits
SEC2/24/2026material
10-K — FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2025
SEC2/24/2026
8-K — Material agreement, Executive/director change, Reg FD disclosure, Exhibits
SEC2/13/2026material
8-K — Reg FD disclosure
SEC2/3/2026material

2025

10-Q — FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2025
SEC11/4/2025
8-K — Results of operations, Exhibits
SEC11/3/2025material
10-Q — FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2025
SEC8/7/2025
8-K — Results of operations, Exhibits
SEC8/6/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.