Tennant Company (TNC) Stock

Tennant Company (TNC) is a Industrials stock trading at $87.86 (as of 2026-07-24), with a market capitalization of $1.50B and a trailing P/E of 30.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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 a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. 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.

Understand Tennant Company: how it makes money

Tennant Company designs, manufactures, and markets floor cleaning equipment, related sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and business solutions such as financing, rental, and leasing programs.

Its profit model depends on selling floor cleaning equipment and then extending value through aftermarket parts and consumables, maintenance and repair services, and business solutions (including rentals and financing), with an added growth focus on autonomous mobile robots.

Revenue by segment (latest quarter)
Americas$0.2B
EMEA$0.1B
Asia Pacific$0.0B

Business quality (Weak): The company’s operating picture is supported by recurring-style KPIs (Orders, order rates) and clear sales geography disclosures, but segment granularity beyond net sales is limited in the provided data.

Valuation: At 51× earnings, TNC trades 51% above the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Demand visibility in the core cycle: Orders were USD_B 0.33 and Order Rates were 13.0 percent, indicating ongoing customer purchasing activity.
  • Autonomous and rental growth path: Autonomous Mobile Robot Sales were USD_B 0.03, and the business shows cumulative momentum (Robots Shipped Cumulatively 11500.0, Cumulative Deployed Autonomous Machine Rentals Units 10000.0, and Autonomous Machine Rentals Sales Share of Enterprise Net Sales 6.0 percent).

Bear case

  • Aftermarket and services softness: Service and Other Net Sales Decrease was 1.4 percent, which can pressure overall performance given the company’s emphasis on maintenance, repair, and aftermarket offerings.
  • Margin remains thin: Operating margin was 1.6 percent, leaving less room for operational disruptions or demand volatility.
  • Execution risk from systems changes: The provided net sales impact items indicate an Estimated Unfavorable Impact on Net Sales from Enterprise Resource Planning System Implementation of USD_B 0.03, alongside an Enterprise Resource Planning Disruption Reduction of Net Sales of USD_B 0.03.
Valuation — source: SEC EDGAR (first-party)
Price$87.86
Market Cap$1.50B
P/E Ratio30.9
EV / EBITDA9.2
Price / Book2.81
Price / Sales1.24
FCF Yield0.2%
DCF Value (model)$24.07
DCF Upside vs Price-72.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.20B
Net Margin3.6%
Revenue Growth (YoY)-6.5%
EPS Growth (YoY)-46.6%
FCF Growth (YoY)-37.1%
Financial Health — source: SEC EDGAR
Altman Z-Score3.52 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E30.9
Sector P/E (Industrials)28.3
Industry P/E (Machinery)33.7
vs Sector9.4%
vs Industry-8.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($181.00M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorIndustrials
IndustryMachinery
CEODavid W. Huml
Employees4,500
CountryUS
IPO Date1973-02-22

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TNC earnings history · TNC institutional & insider holders · TNC KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.