The Tennant Company (TNC:NYQ) is a company with about 4500 employees that provides cleaning products. Headquartered in Eden Prairie, Minnesota, it is listed on the New York Stock Exchange.3Wikipedia text CC BY-SA 4.0
The Tennant Company (TNC:NYQ) is a company with about 4500 employees that provides cleaning products. Headquartered in Eden Prairie, Minnesota, it is listed on the New York Stock Exchange.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Where each dollar of operating cash went, fiscal 2025
Capital spendingDividends paidShare buybacks
Capital spending16¢$21.7M
Dividends paid17¢$21.9M
Share buybacks67¢$88.5M
Out of $65.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9
Financial statements
Revenue101112139$1.2B in 2025+6% since 2019Gross profit101112139$484.3M in 2025+5% since 2019Operating income101112139$68.3M in 2025−5% since 2019Net income101112139$43.8M in 2025−4% since 2019
Revenue1415$324.0M in Q2 FY2026+9% since Q1 FY2026Gross profit1415$127.9M in Q2 FY2026+13% since Q1 FY2026Operating income1415$15.9M in Q2 FY2026+224% since Q1 FY2026Net income1415$7.6M in Q2 FY2026+3700% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net sales
$1.2B
$1.3B
$1.2B
Cost of sales
$719.2M
$736.7M
$715.8M
Gross profit
$484.3M
$550.0M
$527.8M
Selling and administrative expense
$374.8M
$391.9M
$352.6M
Research and development expense
$41.2M
$43.8M
$36.6M
Operating income
$68.3M
$114.3M
$138.6M
Interest expense, net
-$9.0M
-$9.1M
-$13.5M
Gain (Loss), Foreign Currency Transaction, before Tax
-$1.7M
$100.0K
$300.0K
Other income (expense), net
$300.0K
-$500.0K
-$1.6M
Income before income taxes
$57.9M
$104.8M
$123.8M
Income tax expense
$14.1M
$21.1M
$14.3M
Net income
$43.8M
$83.7M
$109.5M
Net income per share, Basic (in dollars per share)
$2.38
$4.46
$5.92
Net income per share, Diluted (in dollars per share)
$2.36
$4.38
$5.83
Weighted average shares outstanding, Basic (in shares)
18.4M shares
18.8M shares
18.5M shares
Weighted average shares outstanding, Diluted (in shares)
18.6M shares
19.1M shares
18.8M shares
No quarter-by-quarter statement was filed.
Total assets16101112139$1.3B in 2025+19% since 2019Total liabilities16101112139$665.5M in 2025−5% since 2019Shareholders’ equity16101112139$601.6M in 2025+67% since 2019Cash1112139$106.4M in 2025+43% since 2019Long-term debt16101112139$273.6M in 2025−12% since 2020
Total assets1415$1.3B in Q2 FY2026+0% since Q1 FY2025Total liabilities1415$735.6M in Q2 FY2026+11% since Q1 FY2025Shareholders’ equity1415$533.4M in Q2 FY2026−11% since Q1 FY2025Cash1415$76.9M in Q2 FY2026−28% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash, cash equivalents, and restricted cash
$106.4M
$99.8M
$117.1M
$77.4M
Receivables, less allowances of $10.4 and $7.1, respectively
$256.8M
$259.1M
Inventories
$198.5M
$183.8M
Prepaid and other current assets
$38.0M
$33.9M
Total current assets
$599.7M
$576.6M
Property, plant and equipment, less accumulated depreciation of $289.0 and $310.9, respectively
$189.8M
$184.4M
Operating lease assets
$56.9M
$54.6M
Goodwill
$208.6M
$185.6M
$187.4M
Intangible assets, net
$52.6M
$58.7M
Other assets
$161.3M
$130.2M
Total assets
$1.3B
$1.2B
Current portion of long-term debt
$400.0K
$1.3M
Accounts payable
$127.5M
$126.9M
Employee compensation and benefits
$40.9M
$53.1M
Other current liabilities
$124.3M
$110.9M
Total current liabilities
$293.1M
$292.2M
Long-term debt
$273.2M
$198.2M
Long-term operating lease liabilities
$35.5M
$36.3M
Employee-related benefits
$15.7M
$13.5M
Deferred income taxes
$3.3M
$4.9M
Other liabilities
$44.7M
$22.9M
Total long-term liabilities
$372.4M
$275.8M
Total liabilities
$665.5M
$568.0M
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 17,846,681 and 18,849,456 issued and outstanding, respectively
$6.7M
$7.1M
Additional paid-in capital
$0
$76.7M
Retained earnings
$628.1M
$609.7M
Accumulated other comprehensive loss
-$33.2M
-$72.7M
Total Tennant Company shareholders' equity
$601.6M
$620.8M
Noncontrolling interest
$1.8M
$1.3M
Total equity
$603.4M
$622.1M
$578.3M
$472.1M
Total liabilities and total equity
$1.3B
$1.2B
Allowance for credit loss
$10.4M
$7.1M
Accumulated depreciation
$289.0M
$310.9M
Common stock, par value (in dollars per share)
$0.38
$0.38
Common stock, shares authorized (in shares)
60.0M shares
60.0M shares
Common stock, shares issued (in shares)
17.8M shares
18.8M shares
Common stock, shares outstanding (in shares)
17.8M shares
18.8M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash, cash equivalents, and restricted cash
$106.4M
$99.8M
$117.1M
$77.4M
Receivables, less allowances of $10.4 and $7.1, respectively
$256.8M
$259.1M
Inventories
$198.5M
$183.8M
Prepaid and other current assets
$38.0M
$33.9M
Total current assets
$599.7M
$576.6M
Property, plant and equipment, less accumulated depreciation of $289.0 and $310.9, respectively
$189.8M
$184.4M
Operating lease assets
$56.9M
$54.6M
Goodwill
$208.6M
$185.6M
$187.4M
Intangible assets, net
$52.6M
$58.7M
Other assets
$161.3M
$130.2M
Total assets
$1.3B
$1.2B
Current portion of long-term debt
$400.0K
$1.3M
Accounts payable
$127.5M
$126.9M
Employee compensation and benefits
$40.9M
$53.1M
Other current liabilities
$124.3M
$110.9M
Total current liabilities
$293.1M
$292.2M
Long-term debt
$273.2M
$198.2M
Long-term operating lease liabilities
$35.5M
$36.3M
Employee-related benefits
$15.7M
$13.5M
Deferred income taxes
$3.3M
$4.9M
Other liabilities
$44.7M
$22.9M
Total long-term liabilities
$372.4M
$275.8M
Total liabilities
$665.5M
$568.0M
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 17,846,681 and 18,849,456 issued and outstanding, respectively
$6.7M
$7.1M
Additional paid-in capital
$0
$76.7M
Retained earnings
$628.1M
$609.7M
Accumulated other comprehensive loss
-$33.2M
-$72.7M
Total Tennant Company shareholders' equity
$601.6M
$620.8M
Noncontrolling interest
$1.8M
$1.3M
Total equity
$603.4M
$622.1M
$578.3M
$472.1M
Total liabilities and total equity
$1.3B
$1.2B
Allowance for credit loss
$10.4M
$7.1M
Accumulated depreciation
$289.0M
$310.9M
Common stock, par value (in dollars per share)
$0.38
$0.38
Common stock, shares authorized (in shares)
60.0M shares
60.0M shares
Common stock, shares issued (in shares)
17.8M shares
18.8M shares
Common stock, shares outstanding (in shares)
17.8M shares
18.8M shares
Cash from operations101112139$65.0M in 2025−10% since 2019Capital spending101112139$21.7M in 2025−43% since 2019Free cash flow101112139$43.3M in 2025+29% since 2019Dividends paid101112139$21.9M in 2025+37% since 2019Share buybacks101112139$88.5M in 2025
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$43.8M
$83.7M
$109.5M
Depreciation expense
$45.0M
$40.1M
$36.4M
Amortization expense
$13.7M
$15.0M
$14.7M
Deferred income tax expense (benefit)
$4.2M
-$9.8M
-$26.9M
Share-based compensation expense
$10.4M
$11.9M
$11.6M
Bad debt and returns expense
$7.1M
$3.4M
$3.4M
Other, net
$1.3M
$600.0K
$1.3M
Receivables
$4.1M
-$15.0M
$4.1M
Inventories
-$21.7M
-$33.0M
$14.3M
Accounts payable
-$1.9M
$15.4M
-$15.3M
Employee compensation and benefits
-$13.8M
-$5.2M
$22.3M
Other assets and liabilities
-$27.2M
-$17.4M
$13.0M
Net cash provided by operating activities
$65.0M
$89.7M
$188.4M
Purchases of property, plant and equipment
-$21.7M
-$20.9M
-$22.8M
Proceeds from sale of property, plant and equipment
$1.5M
$0
$0
Purchase of investment
$0
-$32.1M
$0
Payments made in connection with business acquisition, net of cash acquired
-$3.2M
-$25.7M
$0
Investment in leased assets
-$400.0K
-$500.0K
-$1.2M
Cash received from leased assets
$1.1M
$800.0K
$800.0K
Net cash used in investing activities
-$22.7M
-$78.4M
-$23.2M
Proceeds from borrowings
$85.0M
$40.9M
$20.0M
Repayments of borrowings
-$10.8M
-$42.5M
-$120.0M
Payment of debt financing costs
$0
-$2.2M
$0
Change in finance lease obligations
$0
$0
$200.0K
Proceeds from exercise of stock options, net of employee tax withholdings obligations of $3.1, $3.8 and $1.7, respectively
-$2.5M
$19.6M
$19.0M
Dividends paid
-$21.9M
-$21.4M
-$20.1M
Repurchases of common stock
-$88.5M
-$19.6M
-$21.7M
Net cash used in financing activities
-$38.7M
-$25.2M
-$122.6M
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$3.0M
-$3.4M
-$2.9M
Net increase (decrease) in cash, cash equivalents and restricted cash
$6.6M
-$17.3M
$39.7M
Cash paid for income taxes
$13.4M
$30.2M
$39.5M
Cash paid for interest, net of capitalized interest
Tennant Company sits at the top of its group. 30 entities, 17 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Tennant Company
GAMCO InvestorsFiled SCHEDULE 13D/A on Tennant Company, latest Sep 22, 2026 (2 filings since Mar 9, 2026)
AllianceBernsteinFiled SCHEDULE 13G on Tennant Company, latest Aug 14, 2026
FMR LLCFiled SCHEDULE 13G on Tennant Company, latest Aug 6, 2026
MAIRS & POWER INCFiled SCHEDULE 13G/A on Tennant Company, latest May 13, 2026 (6 filings since Feb 14, 2022)
Tennant SA Holdings LLC Subsidiary · Minnesota, United States
Tennant Sales & Service Canada ULC Subsidiary · British Columbia, Canada
Tennant Sales and Service Company Subsidiary · Minnesota, United States
Tennant Scotland Limited Subsidiary · United Kingdom
TENNANT UK CLEANING SOLUTIONS LIMITED Subsidiary · Northampton, United Kingdom
and 3 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Tennant Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
The Company’s corporate offices are owned by the Company and are located in the Minneapolis, Minnesota metropolitan area. Manufacturing facilities located in Golden Valley, Minnesota; Holland, Michigan; Uden, The Netherlands; and the Italian cities of Venice, Cremona and Reggio Emilia and in the Province of Padua are owned by the Company. Manufacturing facilities located in Louisville, Kentucky; São Paulo, Brazil; Hefei, China; and another facility in the Province of Padua are leased to the Company. In addition, we use a dedicated, third-party plant in Germany that specially manufactures heavy-duty stainless steel scrubbers and sweepers to IPC designs. IPC also owns a minor tools and supplies assembly operation in China to service local customers. The facilities are in good operating condition, suitable for their respective uses and adequate for current needs.
Sales offices, warehouse and storage facilities are leased in various locations in the United States, Canada, Mexico, Brazil, Portugal, Spain, Italy, Germany, France, The Netherlands, Belgium, Norway, the United Kingdom, Japan, China, India, Australia, and New Zealand. The Company’s facilities are in good operating condition, suitable for their respective uses and adequate for current needs.
The rest of Item 2
Further information regarding the Company’s property and lease commitments is included in Note 16 to the consolidated financial statements.
Things Wikidata records the company as owning, with the share when stated.1
The story
Tennant's products are used to clean and coat surfaces. The Company operates through the following operating segments: North America, Latin America, Europe, Middle East, Africa, and Asia Pacific.
The company was founded in Minneapolis by George H. Tennant as a wood-working business in 1870. It was incorporated in 1909.
Tennant is a leading global manufacturer of floor maintenance and cleaning equipment.
In 2017, Tennant announced the acquisition of IPC Group, a company based in Italy manufacturing Scrubber Dryers, Sweepers, Vacuum Cleaners, High Pressure Washers.
In, 2018, Tennant launched their first fully-autonomous scrubber powered by the Brain Corp. AI Operating System.
As of May, 2023, the Tennant Company is one of the world's largest manufacturer's of autonomous mobile robots with over 6,000 units deployed across the world.
Apr 30, 2025Reported quarterly or annual results89
Feb 18, 2025Reported quarterly or annual results90
Oct 31, 2024Reported quarterly or annual results91
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
291 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 162 insider forms, 25 large holders, 47 other. The latest 20:
42 open-market trades by officers, directors and large owners since October 2021: 7 buys and 35 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Tennant Company names in Item 1A of its 10-K filed Feb 24, 2026: 19 risks under these headings, as written.17
Macroeconomic Risks
We may encounter financial difficulties if the United States or other global economies experience an additional or continued long-term economic downturn, decreasing the demand for our products and negatively affecting our sales growth.
Changes in trade policy in the U.S. and other countries may adversely affect our business and results of operations.
Adverse global economic conditions and geopolitical issues could have a negative effect on our business, and results of operations and financial condition.
Our global operations are subject to laws and regulations that impose significant compliance costs and create reputational and legal risk.
Changes in foreign currency exchange rates could adversely impact our net sales and earnings.
Industry Risks
We may be unable to take advantage of product pricing due to the competitive marketplace and increased price sensitivity.
We are subject to competitive risks associated with developing innovative products and technologies, including, but not limited to, our inability to expand as rapidly or aggressively in the global market as our competitors, our customers ceasing to pay for innovation and competitive challenges to our products, technology and the underlying intellectual property.
Disruption in the availability of, quality, or increases in the cost of, raw materials and components that we purchase or labor required to manufacture our products could negatively impact our operating results or financial condition.
Increasing cost pressures could negatively impact our ability to achieve our strategic objectives and affect our financial results.
We are subject to product liability claims and product quality issues that could adversely affect our operating results or financial condition.
The other 9 risks
Operational Risks
Our ability to effectively operate our Company could be adversely affected if we are unable to attract and retain key personnel and other highly skilled employees, provide employee development opportunities and create effective succession planning strategies.
We may not be able to develop or manage strategic planning and growth processes or the related operational plans to deliver on our strategies and establish a broad organization alignment, thereby impairing our ability to achieve future performance expectations.
Complications with the design or implementation of our new Enterprise Resource Planning ("ERP") system that could adversely impact our business and operations.
We may encounter risks to our information technology ("IT") infrastructure, such as access and security, that may not be adequately designed to protect critical data and systems from theft, corruption, unauthorized usage, viruses, sabotage or unintentional misuse.
We may be unable to conduct business if we experience a significant business interruption in our IT systems, manufacturing plants or distribution facilities for a significant period of time.
Our ability to manage the health and safety of our global workforce may lead to increased business disruption and financial penalties.
We may consider acquisitions of suitable candidates to accomplish our growth objectives. We may not be able to successfully integrate the businesses we acquire to achieve operational efficiencies, including synergistic and other benefits of acquisition.
Inadequate funding or insufficient innovation of new technologies may result in an inability to develop and commercialize new innovative products and services.
We may encounter risks related to our business transformation and strategic initiatives.
Legal proceedings
Refer to Note 17. Commitments and Contingencies in the consolidated financial statements.
