Tennant Past Earnings Performance
Past criteria checks 2/6
Tennant has been growing earnings at an average annual rate of 2.5%, while the Machinery industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 4% per year. Tennant's return on equity is 5.8%, and it has net margins of 2.6%.
Key information
2.46%
Earnings growth rate
2.29%
EPS growth rate
| Machinery Industry Growth | 8.77% |
| Revenue growth rate | 4.04% |
| Return on equity | 5.80% |
| Net Margin | 2.55% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 11
TNC: ERP Legal Risks And Robotics Expansion Will Shape Returns Into 2026
Analysts have revised their price target for Tennant from $67 to $85, citing updated assumptions around revenue growth, profit margins, and a slightly higher future P/E multiple as key drivers of the change. What's in the News Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to its ERP system rollout, after the company previously indicated the implementation was progressing smoothly but later reported operational disruptions that led to significant lost sales and order processing issues (source: BFA Law).
Narrative Update • May 28
TNC: Robotics Expansion And Guidance Confidence Will Ultimately Unlock Margin Upside
Analysts have kept their price target for Tennant steady at $99.00. They cite only small updates to assumptions around discount rate, revenue growth, profit margin and future P/E that do not materially change their overall view.Narrative Update • May 08
TNC: Tariff And Shipment Pressures Will Ultimately Unlock Margin Upside
Analysts now place Tennant's fair value at $99, up from $91. This reflects updated views on its margin outlook and longer term cash generation following recent research commentary that highlighted near term profitability and cash flow pressures.Narrative Update • Apr 24
TNC: Tariff And Shipment Headwinds Will Set Stage For Future Upside
Analysts have reduced Tennant's average price target, with one firm lowering its view from $93 to $67 after a "weak" Q4 report and concerns that shipment constraints, stabilization costs, and tariff inflation could weigh on profitability and cash flow into 2026. Analyst Commentary Recent research points to a more cautious stance on Tennant, with the average price target reduced and one firm moving its rating to Hold while trimming its target from $93 to $67.Seeking Alpha • Apr 10
Tennant Company: CFO's Q4 Breakdown Proves Dividend Is Safe Despite The ERP Disaster
Summary Tennant Company suffered after a failed ERP rollout, but management's transparency and remediation efforts inspire confidence. Management expects the ERP situation to stabilize in H1 2026; a clean Q1 print could trigger a rapid revaluation. The real growth engine is AMR robotic cleaning revenue, which hit $85 million in 2025. A new dedicated TNC Robotics Group was launched to scale toward management's $250M target by 2028. If ERP remediation is tracking, the April print could be a clean re-entry into a Dividend King at 13.4x forward earnings. Read the full article on Seeking AlphaNarrative Update • Apr 10
TNC: Profitability And Cash Flow Headwinds Will Pressure Shares Into 2026
Analysts have cut Tennant's price target from $93 to $67, citing weaker Q4 results and ongoing pressure on near-term profitability and cash flow from shipment constraints, stabilization costs, and tariff inflation, which they expect to continue into 2026. Analyst Commentary Bearish analysts are signaling a shift in sentiment on Tennant, pointing to weaker recent results and a tougher setup for the next couple of years.Narrative Update • Mar 27
TNC: Shipment And Tariff Pressures Will Set Stage For Future Upside
Analysts have reduced Tennant's fair value estimate from $125.00 to $91.00, citing weaker Q4 results and expectations for continued pressure on near term profitability and cash flow due to shipment constraints, stabilization costs, and tariff inflation. Analyst Commentary Recent research points to a more cautious stance on Tennant, with at least one firm moving to a Hold rating and resetting its price target to $67 from $93 after the latest Q4 report.
Narrative Update • Mar 12
TNC: Reset Margins And Buybacks Will Support Long Term Upside
Analysts have reset Tennant's fair value estimate from $99 to $83.75, citing lower expected profit margins and near term pressure on profitability and cash flow following what they view as a weak Q4 and ongoing shipment, stabilization, and tariff headwinds that some expect to extend into 2026. Analyst Commentary Recent research has shifted sentiment around Tennant, with the latest report cutting the rating to Hold and lowering the price target to US$67 from US$93 following what is characterized as a weak Q4.Narrative Update • Feb 26
TNC: Share Repurchases And 2026 Earnings Outlook Will Support Bullish Case
Analysts have reset their fair value estimate for Tennant to $99 from $109, reflecting the use of a higher discount rate and updated assumptions for revenue growth, profit margins, and future P/E. What's in the News Tennant issued 2026 earnings guidance, calling for net sales of $1.24b to $1.28b and diluted net income per share of $4.05 to $4.65 (Key Developments).Analysis Article • Jan 27
Tennant's (NYSE:TNC) Returns Have Hit A Wall
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Nov 07
Tennant Company Just Missed Earnings - But Analysts Have Updated Their Models
Last week, you might have seen that Tennant Company ( NYSE:TNC ) released its third-quarter result to the market. The...Analysis Article • Nov 04
Tennant's (NYSE:TNC) Upcoming Dividend Will Be Larger Than Last Year's
The board of Tennant Company ( NYSE:TNC ) has announced that it will be increasing its dividend by 5.1% on the 15th of...Analysis Article • Sep 26
Tennant Company's (NYSE:TNC) Price In Tune With Earnings
Tennant Company's ( NYSE:TNC ) price-to-earnings (or "P/E") ratio of 24.2x might make it look like a sell right now...Narrative Update • Aug 27
Autonomous Robots And Sustainable Cleaning Will Expand Market Reach
Despite stronger revenue growth forecasts, a substantial decline in net profit margin has driven a reduction in Tennant’s consensus analyst price target from $125.00 to $109.00. What's in the News Tennant completed the repurchase of 179,824 shares for $13.28 million under its 2016 buyback program, totaling 791,635 shares and $66.88 million; no shares were repurchased under the 2025 program.Analysis Article • Aug 10
Tennant Company Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
NYSE:TNC 1 Year Share Price vs Fair Value Explore Tennant's Fair Values from the Community and select yours The...Analysis Article • Jul 29
These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 14
At US$83.62, Is Tennant Company (NYSE:TNC) Worth Looking At Closely?
Tennant Company ( NYSE:TNC ), might not be a large cap stock, but it saw a significant share price rise of 23% in the...Analysis Article • May 24
Returns Are Gaining Momentum At Tennant (NYSE:TNC)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Analysis Article • May 04
Earnings Miss: Tennant Company Missed EPS By 28% And Analysts Are Revising Their Forecasts
Tennant Company ( NYSE:TNC ) just released its latest first-quarter report and things are not looking great. Results...Analysis Article • Apr 23
It's Unlikely That Shareholders Will Increase Tennant Company's (NYSE:TNC) Compensation By Much This Year
Key Insights Tennant will host its Annual General Meeting on 29th of April Salary of US$947.5k is part of CEO Dave...Analysis Article • Apr 10
Is Tennant Company (NYSE:TNC) Trading At A 35% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Tennant fair value estimate is US$114 Current share price of...Analysis Article • Mar 26
Here's Why Tennant (NYSE:TNC) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Mar 07
Tennant Company Deserves Patience
Summary Tennant Company, a global leader in mechanized cleaning, was rated a “Buy” despite mixed financial results and a 7.2% stock decline since last September. Revenue grew by 5.6% year-over-year, but net profits fell due to legal, restructuring, and modernization costs, with EBITDA being the only improving metric. 2025 guidance indicates revenue and profitability declines, but the stock remains relatively undervalued compared to peers, with promising long-term growth opportunities. Management's focus on organic growth, acquisitions, and investment in autonomous technology suggests potential upside, justifying a soft “buy” rating for TNC stock despite short-term challenges. Read the full article on Seeking AlphaAnalysis Article • Feb 11
Is Tennant Company (NYSE:TNC) Potentially Undervalued?
Tennant Company ( NYSE:TNC ), might not be a large cap stock, but it saw a decent share price growth of 10% on the NYSE...Analysis Article • Dec 23
Improved Earnings Required Before Tennant Company (NYSE:TNC) Shares Find Their Feet
Tennant Company's ( NYSE:TNC ) price-to-earnings (or "P/E") ratio of 14x might make it look like a buy right now...Analysis Article • Nov 19
Tennant (NYSE:TNC) Shareholders Will Want The ROCE Trajectory To Continue
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • Nov 04
Tennant (NYSE:TNC) Is Paying Out A Larger Dividend Than Last Year
Tennant Company ( NYSE:TNC ) has announced that it will be increasing its dividend from last year's comparable payment...Analysis Article • Oct 24
Tennant (NYSE:TNC) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Tennant makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,211 | 31 | 377 | 42 |
| 31 Dec 25 | 1,204 | 44 | 368 | 41 |
| 30 Sep 25 | 1,241 | 55 | 387 | 42 |
| 30 Jun 25 | 1,253 | 61 | 385 | 42 |
| 31 Mar 25 | 1,266 | 68 | 383 | 43 |
| 31 Dec 24 | 1,287 | 84 | 384 | 44 |
| 30 Sep 24 | 1,269 | 108 | 370 | 42 |
| 30 Jun 24 | 1,258 | 110 | 365 | 41 |
| 31 Mar 24 | 1,249 | 114 | 359 | 39 |
| 31 Dec 23 | 1,244 | 110 | 353 | 37 |
| 30 Sep 23 | 1,223 | 102 | 332 | 34 |
| 30 Jun 23 | 1,181 | 95 | 315 | 32 |
| 31 Mar 23 | 1,140 | 80 | 308 | 31 |
| 31 Dec 22 | 1,092 | 66 | 306 | 31 |
| 30 Sep 22 | 1,078 | 50 | 303 | 32 |
| 30 Jun 22 | 1,087 | 56 | 309 | 32 |
| 31 Mar 22 | 1,086 | 50 | 318 | 33 |
| 31 Dec 21 | 1,091 | 65 | 322 | 32 |
| 30 Sep 21 | 1,087 | 60 | 333 | 33 |
| 30 Jun 21 | 1,077 | 50 | 332 | 32 |
| 31 Mar 21 | 1,012 | 54 | 304 | 30 |
| 31 Dec 20 | 1,001 | 34 | 314 | 30 |
| 30 Sep 20 | 1,023 | 42 | 302 | 30 |
| 30 Jun 20 | 1,042 | 45 | 316 | 31 |
| 31 Mar 20 | 1,127 | 46 | 346 | 33 |
| 31 Dec 19 | 1,138 | 46 | 355 | 33 |
| 30 Sep 19 | 1,128 | 43 | 355 | 31 |
| 30 Jun 19 | 1,121 | 38 | 343 | 30 |
| 31 Mar 19 | 1,113 | 36 | 343 | 30 |
| 31 Dec 18 | 1,124 | 33 | 356 | 31 |
| 30 Sep 18 | 1,118 | 22 | 340 | 31 |
| 30 Jun 18 | 1,106 | 16 | 355 | 32 |
| 31 Mar 18 | 1,085 | 1 | 347 | 32 |
| 31 Dec 17 | 1,003 | -6 | 320 | 32 |
| 30 Sep 17 | 936 | 12 | 300 | 34 |
| 30 Jun 17 | 874 | 20 | 267 | 35 |
| 31 Mar 17 | 820 | 38 | 249 | 35 |
| 31 Dec 16 | 809 | 47 | 248 | 35 |
| 30 Sep 16 | 803 | 44 | 247 | 33 |
| 30 Jun 16 | 807 | 32 | 249 | 33 |
| 31 Mar 16 | 806 | 32 | 249 | 33 |
| 31 Dec 15 | 812 | 32 | 249 | 32 |
| 30 Sep 15 | 822 | 36 | 252 | 32 |
| 30 Jun 15 | 820 | 49 | 252 | 30 |
Quality Earnings: TNC has high quality earnings.
Growing Profit Margin: TNC's current net profit margins (2.6%) are lower than last year (5.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TNC's earnings have grown by 2.5% per year over the past 5 years.
Accelerating Growth: TNC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TNC had negative earnings growth (-54.8%) over the past year, making it difficult to compare to the Machinery industry average (2.4%).
Return on Equity
High ROE: TNC's Return on Equity (5.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 22:48 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tennant Company is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Shlisky | Colliers Securities |
| Dmitriy Pozdnyakov | Freedom Broker |
| Scott Graham | Jefferies LLC |