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Makes industrial and commercial floor cleaning equipment such as scrubbers and sweepers for facility maintenance.
Makes industrial and commercial floor cleaning equipment such as scrubbers and sweepers for facility maintenance.
Sells machines through its own sales force and dealers, then earns repeat income from parts, service and cleaning supplies as those machines run for years, so the installed base funds recurring revenue. The 2017 purchase of IPC Group, an Italian cleaning-equipment maker, widened it in Europe, and some machines now clean without a driver.
Moat: narrow (brand, distribution, installed base). Long-standing brand and service/parts network in a moderately fragmented commercial cleaning equipment market.
Headquarters: Minneapolis, Minnesota, United States · Founded: 1870 · Employees: 4,484
Size Tennant (TNC) is a United States Industrials company (Industrial Machinery) with a market value of $1.22B, the 2133rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $71.50 on 6 Nov 2026.
Performance Over six months the shares fell 17.9%, against -22.7% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +3.5%); the operating margin is 4.3% (peer median 2.7%).
Valuation It trades at 13.8× forward earnings against a peer median of 18.6× (5th cheapest of 13).
Capital Return on invested capital runs 4.4 points below its cost of capital (9.3% WACC).
Backlog Backlog (remaining performance obligations) was $29.6M at 30 Sep 2026, up 8% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.9% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.24B | $1.20B | $1.29B | $1.24B | $1.09B |
| Revenue growth | — | -6% | +3% | +14% | — |
| Gross profit | $479M | $483M | $549M | $528M | $421M |
| EBITDA | $114M | $132M | $176M | $193M | $136M |
| Net income | $22.9M | $43.8M | $83.7M | $110M | $66.3M |
| Free cash flow | -$20.2M | $42.9M | $34.0M | $164M | -$54.4M |
| Capital expenditure | $20.1M | $22.1M | $53.5M | $24.0M | $29.3M |
| Total debt | $395M | $331M | $254M | $242M | $332M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TNC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.4% | -9.2% | 2nd highest of 21 |
| 6-month return | -17.9% | -22.7% | 9th highest of 21 |
| Distance from 52-week high | -22.2% | -52.2% | highest of 21 |
| Revenue growth (TTM) | -0.4% | +3.5% | 6th lowest of 21 |
| Operating margin | 4.3% | 2.7% | 9th highest of 21 |
| Forward P/E | 13.8× | 18.6× | 5th cheapest of 13 |
| ROIC minus cost of capital | -4.4 pp | -6.2 pp | 10th highest of 21 |
| EV / EBITDA | 13.5× | 7.3× | 3rd most expensive of 7 |
| Net debt / EBITDA | 2.8× | -1.4× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tennant TNC | United States | $1.22B | -18% | 0% | 4% | 13.8× | n/a | n/a |
| Hefei Metalforming Intelligent Manufacturing 603011.SS | China | $1.22B | -18% | -15% | -11% | 307.4× | n/a | n/a |
| Shuangliang Eco-Energy Systems 600481.SS | China | $1.21B | -36% | -29% | -29% | n/a | n/a | n/a |
| Eugene Technology 084370.KS | South Korea | $1.21B | -43% | +2% | 15% | 12.3× | 16.3% | +11.6% |
| Union Tool 6278.T | Japan | $1.20B | -41% | +40% | 25% | 14.8× | 22.0% | +12.0% |
| Seikoh Giken 6834.T | Japan | $1.23B | +17% | +55% | 28% | 18.9× | 24.6% | +15.2% |
| Ariston ARIS.MI | Italy | $1.20B | -17% | +5% | 6% | 8.8× | 0.1% | +10.5% |
| SVG 300331.SZ | China | $1.19B | -42% | +6% | 2% | n/a | 46.0% | +8.1% |
| HUYNDAI MOVEX 319400.KS | South Korea | $1.24B | -51% | +2% | 3% | n/a | n/a | n/a |
| Guangdong Anda Automation Solutions 688125.SS | China | $1.19B | -55% | +56% | 2% | 41.0× | n/a | n/a |
| Aotecar New Energy Technology 002239.SZ | China | $1.25B | -17% | -7% | 3% | n/a | 11.9% | +17.1% |
| Durr DUE.DE | Germany | $1.25B | -24% | +2% | 4% | 9.1× | -3.3% | +4.6% |
| EFORT Intelligent Robot 688165.SS | China | $1.18B | -18% | +12% | -48% | n/a | n/a | n/a |
| Shenzhen iN-Cube Automation 301312.SZ | China | $1.18B | -43% | +18% | 6% | 78.2× | n/a | n/a |
| Aux Electric 2580.HK | Hong Kong | $1.26B | -37% | +1% | 8% | 4.5× | n/a | n/a |
| Suzhou Gyz Electronic Technology 688260.SS | China | $1.17B | +96% | +56% | -13% | n/a | n/a | n/a |
| Guangdong Lyric Robot Automation 688499.SS | China | $1.17B | -15% | +37% | 1% | 51.7× | n/a | n/a |
| Hangzhou Honghua Digital Technology Stock 688789.SS | China | $1.27B | -22% | -7% | 18% | 18.2× | n/a | n/a |
| SanFeng Intelligent Equipment 300276.SZ | China | $1.27B | -8% | +6% | -10% | n/a | 18.5% | +8.7% |
| Jiangsu Bide Science & Technology 605298.SS | China | $1.16B | -30% | -4% | 15% | n/a | 40.4% | +10.1% |
| Shanghai Step Electric 002527.SZ | China | $1.16B | -21% | 0% | -2% | 78.3× | n/a | n/a |
Tennant reported $29.6M of remaining performance obligations at 30 Sep 2026, up 8% from a year earlier and flat from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.