Tennant Company
Rank #149Capital ReturnTNC · NYSE · Industrials
Tennant Company (TNC) — Rank #149 by gross profitability (GP/assets 0.38) · ROE 8.2% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000097134 · all metrics point-in-time as of the filing date.
About
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.
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The company offers manual and autonomous mechanized cleaning equipment for industrial and commercial use, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, and equipment maintenance and repair services. It also provides business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions. In addition, the company offers robotic cleaning equipment; IRIS, an asset management solution; ec-H2O NanoClean, a detergent-free cleaning solution; and ReadySpace, a rapid-drying carpet cleaning technology. It offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. The company serves retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and others. 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.
- Industry
- Specialty Industrial Machinery
- Sector
- Industrials
- State
- MN
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- tennantco.com
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2021-12-31filed 2022-02-24 | 2020-12-31filed 2021-02-25 | 2019-12-31filed 2020-02-27 | 2018-12-31filed 2019-02-28 |
|---|---|---|---|---|
| Operating | ||||
| Depreciation & amortization | 33.1 | 32.6 | 32.2 | 32.3 |
| Stock-based compensation | 9.5 | 6.0 | 11.4 | 8.3 |
| Change in receivables | 20.3 | (26.0) | 8.5 | 7.6 |
| Change in inventory | 56.0 | (18.3) | 21.1 | 16.6 |
| Change in payables | 19.1 | 8.5 | (7.5) | 4.6 |
| Operating cash flow | 69.4 | 133.8 | 71.9 | 80.0 |
| Investing | ||||
| Capital expenditures | 19.4 | 29.9 | 38.4 | 18.8 |
| Acquisitions, net of cash | 0.0 | 0.0 | 19.7 | 0.0 |
| Investing cash flow | 1.7 | (29.9) | (55.6) | (16.0) |
| Financing | ||||
| Debt issued | 315.8 | 126.4 | 25.0 | 11.0 |
| Debt repaid | 362.0 | 157.5 | — | — |
| Share repurchases | 15.0 | — | — | 0.0 |
| Dividends paid | 17.5 | 16.3 | 16.0 | 15.3 |
| Financing cash flow | (84.5) | (42.8) | (27.4) | (32.8) |
| Summary | ||||
| Free cash flow | 50.0 | 103.9 | 33.5 | 61.2 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?