Tennant Company logo TNC - Tennant Company

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| PRICE TARGET: $140.00 DETAILS
HIGH: $140.00
LOW: $140.00
MEDIAN: $140.00
CONSENSUS: $140.00
UPSIDE: 66.93%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 1,203.5 1,286.7 1,243.6 1,092.2 1,090.8 1,001 1,137.6 1,123.5 1,003.1 808.6 811.8 822.0 752.0 739.0 754.0 667.7 595.9 701.4 664.2 599.0 552.9 507.8 454.0 424.2 423.0 454.0 429.4 389.4 372.4 344.4 325.4 281.7 221
Cost of Revenue 719.2 736.7 715.8 671.3 652.8 593.2 675.9 678.5 598.6 457.0 462.7 469.6 426.1 413.7 434.8 383.3 349.8 415.2 385.2 347.4 318.0 305.3 272.3 254.4 269.1 252.5 236.7 206 197.9 185.7 171.6 149.3 115.1
Gross Profit 484.3 550 527.8 420.9 438 407.8 461.7 445.0 404.4 351.6 349.1 352.4 325.9 325.3 319.2 284.3 246.1 286.2 279.0 251.6 234.9 202.5 181.7 169.8 153.9 201.6 192.7 183.4 174.5 158.7 153.8 132.4 105.9
Operating Expenses
R&D Expenses 41.2 43.8 36.6 31.1 32.2 30.1 32.7 30.7 32.0 34.7 32.4 29.4 30.5 29.3 27.9 26.0 23.0 24.3 23.9 21.9 19.4 17.2 16.7 16.3 0 0 0 0 0 0 0 0 0
SG&A Expenses 374.8 391.9 352.6 306.3 321.9 314 357.2 356.3 345.4 248.2 252.3 250.9 233.0 234.1 241.6 221.2 202.3 243.6 206.2 189.7 180.7 164.0 142.3 133.9 136.4 139.7 136.1 128.5 120.9 110.7 109.5 95.2 79.5
Other Expenses 0 0 0 (3.7) (9.8) 0 0 (0.7) (2.0) (0.7) (0.7) (0.4) (0.5) 0.0 0 0 0 0 1 0 0 0 0 0 (5.9) 18.4 18.7 17.6 17.5 16.4 14.1 13.1 11
Operating Expenses 416 435.7 389.2 333.7 344.3 344.1 389.9 387.1 377.4 282.9 284.7 280.3 263.5 263.4 269.5 247.2 225.2 267.9 231.1 211.6 200.0 181.2 159.0 150.2 130.5 158.1 154.8 146.1 138.4 127.1 123.6 108.3 90.5
Operating Income
Operating Income 68.3 114.3 138.6 87.2 93.7 63.7 71.8 58.0 27.0 68.5 53.2 72.1 62.4 62.7 49.6 37.1 (22.5) 18.6 54.8 40.0 34.8 21.3 22.7 15.6 13.4 43.5 37.9 37.3 36.1 31.6 30.2 24.1 15.4
Interest Expense 9 9.1 13.5 7.1 7.3 20.7 21.1 23.3 25.4 1.3 1.3 1.7 1.8 2.5 2.2 1.6 2.8 3.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0.6 3.3 3.0 2.4 0.3 0.2 0.3 0.4 1.1 0.8 0.1 0.4 1.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 125.6 169 188.4 135.3 134.5 111.9 126.2 113.6 67.4 86.8 86.2 92.2 85.7 83.3 72.4 57.5 1.3 44.5 76.7 54.3 47.9 34.3 36.6 36.5 42.7 61.6 56.6 54.9 53.5 48 44.3 37.2 26.4
EBIT 66.9 113.9 137.3 86.6 81.4 58.5 71.8 59.2 24.1 68.5 68.1 72.1 65.4 62.4 51.0 36.3 (21.5) 21.5 47.9 44.0 34.8 21.3 22.7 19.6 23.4 42.9 37.9 37.3 36 31.6 30.2 24.1 15.4
Income Before Tax 57.9 104.8 123.8 79.5 74.1 41.1 54 35.8 (1.3) 66.5 50.4 69.5 59.9 59.9 48.7 34.7 (24.3) 17.6 57.7 43.3 35.0 21.4 22.5 14.9 13.7 44.0 30.6 39.1 37.6 32.3 29.5 24 12.9
Income Tax Expense 14.1 21.1 14.3 13.2 9.2 7.4 8.1 2.3 4.9 19.9 18.3 18.9 19.6 18.3 16.0 (0.1) 1.9 7.0 17.8 13.5 12.1 8.0 8.3 6.6 8.9 15.8 10.9 13.8 13.4 11.3 9.8 8.3 3.8
Net Income 43.8 83.7 109.5 66.3 64.9 33.7 45.8 33.4 (6.2) 46.6 32.1 50.7 40.2 41.6 32.7 34.8 (26.2) 10.6 39.9 29.8 22.9 13.4 14.2 8.3 4.8 28.2 19.7 25.3 24.2 21 19.7 15.7 9.1
Per Share Data
EPS (Basic) 2.38 4.46 5.92 3.58 3.51 1.84 2.53 1.86 -0.35 2.66 1.78 2.78 2.20 2.24 1.74 1.85 -1.42 0.58 2.14 1.61 1.25 0.75 0.79 0.46 0.26 1.53 1.09 1.25 1.23 1.07 0.50 0.40 0.12
EPS (Diluted) 2.36 4.38 5.83 3.55 3.44 1.81 2.48 1.82 -0.35 2.59 1.74 2.70 2.14 2.18 1.69 1.80 -1.42 0.57 2.08 1.57 1.23 0.73 0.78 0.46 0.25 1.52 1.08 1.25 1.23 1.07 0.50 0.40 0.12
Shares Outstanding 18.4 18.8 18.5 18.5 18.5 18.3 18.1 17.9 17.7 17.5 18.0 18.2 18.3 18.5 18.8 18.8 18.5 18.3 18.6 18.6 18.3 18.0 17.9 18.0 18.1 18.2 18.2 20.3 19.6 19.6 20.0 19.7 19.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 106.4 99.6 116.9 77.2 123.1 140.4 74.1 85.6 58.4 58.0 18.1 29.3 16.8 24.6 16.4 23.8 21.5 14.9 17.7 16.3 9.9 4.2 1.9 2.7
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 6.0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 256.8 259.1 247.6 251.5 211.4 199.9 223.3 208 209.5 149.1 121.2 123.8 97.5 85.6 77.8 72.3 88.3 89.9 77.2 78.2 74.5 72.5 59.2 41.2
Inventory 198.5 183.8 175.9 206.6 160.6 127.7 150.1 135.1 127.7 78.6 56.6 66.8 55.9 54.7 58.9 47.1 51.9 47.8 46.2 40.3 35.3 40.7 31 22.9
Other Current Assets 38 34.1 28.7 40 0.5 0.6 0.5 9.1 8.2 2.9 9.7 12.4 9.7 9.0 7.4 6.9 31.5 12.5 9.8 8.3 6.8 6.1 6.7 7
Total Current Assets 599.7 576.6 569.1 575.3 526.8 493.6 481 468.6 423.1 297.9 215.9 250.4 188.6 176.4 162.9 152.4 171.6 165.1 150.9 143.1 126.5 123.5 98.8 73.8
Non-Current Assets
Property, Plant & Equipment 246.7 0 229.4 211.7 214.1 230 219.9 163.4 180.0 112.1 97.2 103.7 69.1 61.1 69.2 69.8 66.7 66.3 66.6 65.1 65.4 63.7 56.6 46.6
Goodwill 208.6 185.6 187.4 182 193.1 207.8 195.1 182.7 186.0 21.1 20.2 62.1 23.5 17.8 0 0 0 0 0 0 0 0 0 0
Intangible Assets 52.6 58.7 63.1 76.4 98 126.2 137.7 146.5 172.3 6.5 29.2 28.7 1.6 0 17.7 17.2 17.7 18.5 15.6 16.5 17.8 18.9 19.3 0
Long-Term Investments 0 0.7 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 (4.2) (10.9) 0 0 0 0 0 0
Other Non-Current Assets 161.3 368.5 64.4 39.7 29.7 25 29.2 15.7 21.3 19.1 7.3 5.2 2.9 2.0 2.8 3.2 7.2 7.6 6 9.2 9.5 9.7 8.1 8.2
Total Non-Current Assets 669.2 613.5 544.3 509.8 534.9 589 581.9 523.9 570.9 172.1 161.8 206.2 97.2 82.5 93.3 94.2 91.7 92.4 88.2 90.8 92.7 92.3 84 54.8
Total Assets 1,268.9 1,190.1 1,113.4 1,085.1 1,061.7 1,082.6 1,062.9 992.5 994.0 470.0 377.7 456.6 285.8 258.9 256.2 246.6 263.3 257.5 239.1 233.9 219.2 215.8 182.8 128.6
Current Liabilities
Account Payables 127.5 126.9 111.4 126.1 121.5 106.3 94.1 98.4 96.1 47.4 42.7 26.5 27.2 58.5 55.4 48.0 54.7 18 15.7 49.9 41.7 43.8 40.1 28.5
Short-Term Debt 0.4 0.8 6.3 5.2 4.2 10.8 31.3 27.0 30.9 3.5 4.0 3.9 7.7 1.0 14.9 9.8 12.6 12.9 7.3 2.4 3.9 17.3 23 1.2
Deferred Revenue 0 9.8 7.9 6.6 7.7 5.9 6.8 5.0 5.8 2.4 4.0 3.7 2.7 58.5 0 0 54.7 2.1 0 0 0 0 0 0
Other Current Liabilities 124.3 96 102.3 79.9 113.3 86 104 66.9 63.6 41.3 65.5 50.2 20.1 0 0 (2.1) 0 42.0 37.8 4.8 4 0.6 3 1.1
Total Current Liabilities 293.1 292.2 273.7 261.6 290.3 254.3 274.9 248.9 236.5 132.8 116.2 107.2 81.9 59.5 70.3 55.6 67.3 75 60.8 57.1 49.6 61.7 66.1 30.8
Non-Current Liabilities
Long-Term Debt 308.7 197 193.7 294.8 263.4 297.6 307.5 328.1 346.0 32.7 30.2 91.4 1.0 6.3 5 12.5 10 16 23 20.7 21.8 23.1 6.3 1.1
Deferred Tax Liabilities 3.3 4.9 5 11.5 20.6 39.1 41.7 46.0 53.2 0.2 7.4 11.7 0.5 1.6 0 0 0 6.1 0 0 0 0 0 0
Other Non-Current Liabilities 24.9 36.4 34.8 27.7 26.9 56.8 47.2 49.1 59.8 25.8 7.8 36.5 28.4 25.8 26.7 24.1 31.1 30.6 24 22 18.9 16.9 14.1 12.6
Total Non-Current Liabilities 372.4 275.8 261.4 351.4 336.3 422.2 426.7 427.3 459.0 58.7 77.3 139.5 29.9 33.8 31.7 36.6 41.1 46.6 47 42.7 40.7 40 20.4 13.7
Total Liabilities 665.5 568 535.1 613 626.6 676.5 701.6 676.2 695.5 191.5 193.4 246.7 111.8 93.3 102.1 92.3 108.3 121.6 107.8 99.8 90.3 101.7 86.5 44.5
Stockholders' Equity
Common Stock 6.7 7.1 7 7 7 6.9 6.9 6.8 6.7 6.6 7.0 6.9 3.4 3.4 3.4 3.4 3.4 3.4 0 0 0 0 0 0
Retained Earnings 628.1 609.7 547.4 458 410.6 363.3 346 316.3 297.0 318.2 192.6 223.7 174.1 168.2 161.3 164.3 166.3 144.7 136.7 141.7 130.7 116.4 103.3 93.7
Accumulated Other Comprehensive Income (33.2) (72.7) (42.3) (50.2) (37.9) (20.1) (38.5) (37.2) (22.3) (49.9) (23.1) (27.3) (3.8) (6.3) (10.5) (13.7) (16.3) (12.2) (102.9) (91.5) (83.5) (73.5) (65.8) (64.5)
Total Stockholders' Equity 601.6 620.8 577 470.8 433.8 404.8 359.9 314.4 296.5 278.5 184.3 209.9 174.0 165.6 154.1 154.3 154.9 135.9 131.3 134.1 128.9 114.1 96.3 84.1
Total Liabilities & Equity 1,268.9 1,190.1 1,113.4 1,085.1 1,061.7 1,082.6 1,062.9 992.5 994.0 470.0 377.7 456.6 285.8 258.9 256.2 246.6 263.3 257.5 239.1 233.9 219.2 215.8 182.8 128.6
Debt Metrics
Total Debt 344.6 254.3 242.4 332.4 309.4 353.5 385.8 355.1 376.8 36.2 34.2 95.3 8.7 7.3 19.9 19.8 22.6 28.9 30.3 23.1 25.7 40.4 29.3 2.3
Net Debt 238.2 154.7 125.5 255.2 186.3 213.1 311.7 269.5 318.4 (21.8) 16.1 66.1 (8.1) (17.3) 3.6 (4.0) 1.1 14 12.6 6.8 15.8 36.2 27.4 (0.4)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 43.8 83.7 109.5 66.3 64.9 33.7 45.9 33.5 (6.2) 46.6 22.9 13.4 14.2 8.3 4.8 28.2 19.7 25.3 24.2 21 19.7 15.7 9.1
Depreciation & Amortization 58.7 55.1 51.1 48.7 53.1 53.4 54.4 54.4 43.3 18.3 13.0 13.0 13.9 16.9 18.5 18.4 18.7 17.6 17.5 16.4 14.1 13.1 11
Stock-Based Compensation 10.4 11.9 11.6 7.8 9.5 6 11.4 8.3 5.9 3.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (60.5) (55.2) 38.4 (131.9) (48.4) 40.5 (39.7) (8.1) 0.1 (10.0) 6.5 6.9 1.7 (8.8) 6.4 (14.1) (0.1) 4.1 (0.1) (2.3) (19.3) (6.7) 0.6
Other Non-Cash Items 8.4 4 4.7 (0.4) 5.3 4.2 9.5 2.7 17.2 0.3 0.0 1.5 (1.4) (0.5) 1.0 1.8 (0.8) 0.1 (0.1) 7.5 0.4 0.1 0.3
Operating Cash Flow 65 89.7 188.4 (25.1) 69.4 133.8 71.9 80.0 54.2 57.9 44.2 36.7 30.5 19.2 34.1 38.9 38.3 42.9 41.9 44.6 16.8 25.4 20.4
Investing Activities
Capital Expenditure (21.7) (21.4) (24) (29.3) (23.1) (30) (38.9) (21.6) (22.9) (26.5) (20.9) (21.1) 0 (13.1) (23.4) (20.5) (28.4) (23.4) (20.6) (21) (25.2) (19) (14.2)
Acquisitions (3.2) (25.7) 0 0 24.7 0 (19.7) 4 (354.1) (12.6) 0 (6.5) (10.5) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (32.1) 0 0 0 0 0 0 (0.1) 0 0 (14.0) 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 6.0 7.9 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 2.2 0.3 0.8 4.8 0.1 0.1 3 1.5 1.6 (1.3) 3.0 1.6 4.1 2.6 2.8 1.3 2.3 6.2 5.1 3.8 4.2 (27.6) 2.1
Investing Cash Flow (22.7) (78.4) (23.2) (24.5) 1.7 (29.9) (55.6) (16.0) (375.4) (40.4) (11.8) (32.1) (6.4) (10.4) (20.5) (19.3) (26.1) (17.2) (15.5) (17.2) (21) (46.6) (12.1)
Financing Activities
Net Debt Issuance 74.2 (1.6) (99.8) 32.9 (46.1) (31.3) (17) (23.4) 327.6 11.5 (5.9) (4.2) (8.2) (6.7) (2.9) (5.4) (0.9) 4 (2.1) (14.5) 11.8 27.1 (1.6)
Stock Repurchased (88.5) (19.6) (21.7) (5) (15) 0 0 0 0 (12.8) (3.5) (2.8) (2.7) (4.6) (5.0) (3.2) (9.9) (27.1) (13.6) (2.9) 0 (1.9) (2.9)
Dividends Paid (21.9) (21.4) (20.1) (18.9) (17.5) (16.3) (16) (15.3) (15.0) (14.3) (7.9) (7.7) (7.5) (7.4) (7.2) (7.0) (6.9) (6.9) (7.1) (6.9) (6.7) (6.4) (6.3)
Other Financing Activities (2.5) 17.4 19 (0.9) (5.9) (0.1) (0.5) 5.9 6.8 6.0 1.3 1.2 1.1 1.0 1.7 0 0.1 3.1 0 0 (0.1) 0.1 0.1
Financing Cash Flow (38.7) (25.2) (122.6) 8.1 (84.5) (42.8) (27.4) (32.8) 319.5 (9.6) (8.1) (12.1) (15.8) (16.2) (11.6) (12.7) (14.7) (24.3) (20.4) (22) 6.7 20.4 (9.2)
Cash Position
Net Change in Cash 6.6 (17.3) 39.7 (46.2) (17.4) 66.4 (11.5) 27.1 0.4 6.7 24.4 (7.8) 8.2 (7.4) 2.3 6.6 (2.8) 1.4 6.4 5.6 2.5 (0.8) (0.8)
Cash at Beginning 99.8 117.1 77.4 123.6 141 74.6 86.1 59.1 58.0 51.3 16.8 24.6 16.4 23.8 21.5 14.9 17.7 16.3 9.9 4.2 1.9 2.7 3.5
Cash at End 106.4 99.8 117.1 77.4 123.6 141 74.6 86.1 58.4 58.0 41.3 16.8 24.6 16.4 23.8 21.5 14.9 17.7 16.3 9.8 4.4 1.9 2.7
Free Cash Flow 43.3 68.3 164.4 (54.4) 46.3 103.8 33 58.4 31.2 31.4 23.4 15.6 30.5 6.1 10.8 18.3 9.9 19.5 21.3 23.6 (8.4) 6.4 6.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 1,203.5 1,286.7 1,243.6 1,092.2 1,090.8 1,001 1,137.6 1,123.5 1,003.1 808.6 811.8 822.0 752.0 739.0 754.0 667.7 595.9 701.4 664.2 599.0 552.9 507.8 454.0 424.2 423.0 454.0 429.4 389.4 372.4 344.4 325.4 281.7 221
Gross Profit 484.3 550 527.8 420.9 438 407.8 461.7 445.0 404.4 351.6 349.1 352.4 325.9 325.3 319.2 284.3 246.1 286.2 279.0 251.6 234.9 202.5 181.7 169.8 153.9 201.6 192.7 183.4 174.5 158.7 153.8 132.4 105.9
Operating Income 68.3 114.3 138.6 87.2 93.7 63.7 71.8 58.0 27.0 68.5 53.2 72.1 62.4 62.7 49.6 37.1 (22.5) 18.6 54.8 40.0 34.8 21.3 22.7 15.6 13.4 43.5 37.9 37.3 36.1 31.6 30.2 24.1 15.4
Net Income 43.8 83.7 109.5 66.3 64.9 33.7 45.8 33.4 (6.2) 46.6 32.1 50.7 40.2 41.6 32.7 34.8 (26.2) 10.6 39.9 29.8 22.9 13.4 14.2 8.3 4.8 28.2 19.7 25.3 24.2 21 19.7 15.7 9.1
EPS (Diluted) 2.36 4.38 5.83 3.55 3.44 1.81 2.48 1.82 -0.35 2.59 1.74 2.70 2.14 2.18 1.69 1.80 -1.42 0.57 2.08 1.57 1.23 0.73 0.78 0.46 0.25 1.52 1.08 1.25 1.23 1.07 0.50 0.40 0.12
Balance Sheet
Cash & Equivalents 106.4 99.6 116.9 77.2 123.1 140.4 74.1 85.6 58.4 58.0 18.1 29.3 16.8 24.6 16.4 23.8 21.5 14.9 17.7 16.3 9.9 4.2 1.9 2.7
Total Assets 1,268.9 1,190.1 1,113.4 1,085.1 1,061.7 1,082.6 1,062.9 992.5 994.0 470.0 377.7 456.6 285.8 258.9 256.2 246.6 263.3 257.5 239.1 233.9 219.2 215.8 182.8 128.6
Total Debt 344.6 254.3 242.4 332.4 309.4 353.5 385.8 355.1 376.8 36.2 34.2 95.3 8.7 7.3 19.9 19.8 22.6 28.9 30.3 23.1 25.7 40.4 29.3 2.3
Stockholders' Equity 601.6 620.8 577 470.8 433.8 404.8 359.9 314.4 296.5 278.5 184.3 209.9 174.0 165.6 154.1 154.3 154.9 135.9 131.3 134.1 128.9 114.1 96.3 84.1
Cash Flow
Operating Cash Flow 65 89.7 188.4 (25.1) 69.4 133.8 71.9 80.0 54.2 57.9 44.2 36.7 30.5 19.2 34.1 38.9 38.3 42.9 41.9 44.6 16.8 25.4 20.4
Capital Expenditure (21.7) (21.4) (24) (29.3) (23.1) (30) (38.9) (21.6) (22.9) (26.5) (20.9) (21.1) 0 (13.1) (23.4) (20.5) (28.4) (23.4) (20.6) (21) (25.2) (19) (14.2)
Free Cash Flow 43.3 68.3 164.4 (54.4) 46.3 103.8 33 58.4 31.2 31.4 23.4 15.6 30.5 6.1 10.8 18.3 9.9 19.5 21.3 23.6 (8.4) 6.4 6.2