# Tennant Company (TNC)

> Source: Nexqual · https://nexqual.com/TNC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Tennant Company (TNC), nexqual.com/TNC" · informational, not investment advice.

**Price:** USD 66.12 (+1.18% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 65.35 · day 64.99–66.35 · 52w 60.18–91.93 · market cap $1.13B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.22B, net income $18.3M (1.5% margin), free cash flow -$2.7M (SEC filings).
- Valuation: P/E 61.6x (avg 21.9x at the last 3 fiscal year-ends), EV/EBITDA 16.6x, net debt $282M.
- 2 of 80 tracked superinvestors hold TNC (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 87.75 (range 77–93).
- Total return with dividends: 1Y -17.2% vs S&P 500 +14.9%; 5Y -8.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 0.98, revenue estimate $331M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.09B | $1.24B | $1.29B | $1.20B | $1.22B |
| Gross profit | $438M | $421M | $528M | $550M | $484M | — |
| Operating income | $93.7M | $87.2M | $139M | $114M | $68.3M | $38.9M |
| Net income | $64.9M | $66.3M | $110M | $83.7M | $43.8M | $18.3M |
| EPS (diluted) | $3.44 | $3.55 | $5.83 | $4.38 | $2.36 | — |
| Free cash flow | $50.0M | -$50.1M | $166M | $68.8M | $43.3M | -$2.7M |
| Gross margin | 40.2% | 38.5% | 42.4% | 42.7% | 40.2% | — |
| Operating margin | 8.6% | 8.0% | 11.1% | 8.9% | 5.7% | 3.2% |
| Net margin | 5.9% | 6.1% | 8.8% | 6.5% | 3.6% | 1.5% |
| Revenue growth | +9.0% | +0.1% | +13.9% | +3.5% | -6.5% | — |
| Cash + short-term investments | $124M | $77.4M | $117M | $99.8M | $106M | — |
| Total debt | $272M | $306M | $207M | $201M | $274M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 61.6x · P/S 0.9x · EV/EBITDA 16.6x · EV/Sales 1.2x · P/B 2.1x · FCF yield -0.24% · Earnings yield 1.62% · Dividend yield (paid, TTM) 1.92% · Buyback yield (TTM) 10.24% · Net debt $282M · EV $1.41B
P/E at fiscal year-ends: Dec 2025 31.3x, Dec 2024 18.6x, Dec 2023 15.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold TNC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.55% | $59.7M | Reduced -15.1% |
| First Eagle Investment | First Eagle Investment Management | 0.02% | $11.6M | Added +314.4% |

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 87.75 (low 77, high 93).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -17.2% | -8.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -17.2% | -1.8% |
| Volatility (annualized) | 41.4% | 31.1% |
| Max drawdown | -28.8% (Jun 2026→Oct 2026) | -48.4% (Apr 2024→Feb 2026) |

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## More
Full page: https://nexqual.com/TNC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.98 | $1.54 | -36.2% | $330.8M | 3 |
| Next quarter (ends 2026-12-31) | $1.46 | $1.67 | -12.6% | $333.6M | 3 |
| Current fiscal year (ends 2026-12-31) | $3.85 | $5.12 | -24.8% | $1.29B | 3 |
| Next fiscal year (ends 2027-12-31) | $5.62 | $6.41 | -12.3% | $1.36B | 3 |