Tennant
Makes cleaning machines, service, parts, and robotics for commercial and industrial facilities.
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Profile
Sells mechanized floor-cleaning equipment, parts, consumables, service, and rental or leasing programs for nonresidential surfaces. The business is equipment-led, reaches customers through direct and distributor channels across the Americas, EMEA, and APAC, and is expanding autonomous cleaning with Brain Corp.
Designs, manufactures, sells, and services products for maintaining nonresidential surfaces, with one reportable segment spanning manual and autonomous floor-cleaning machines, detergent-free technologies, parts, consumables, field service, financing, rental, leasing, and asset-management tools.
Operations span the Americas, EMEA, and APAC, supported by global manufacturing and direct-plus-distributor sales channels. The brand portfolio includes Tennant, Nobles, IPC, Gaomei, Rongen, Alfa, and private-label brands.
Execution depends on equipment demand, parts and service attachment, manufacturing and distribution stability, and robotics commercialization. The autonomous cleaning push is tied to Brain Corp technology partnership and a dedicated Tennant Company Robotics organization.
Company facts
Key statistics
Year to date −5.8% · Average volume (30d) 230.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Feb 26, 2026 | Freedom Broker | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.33 | $0.83 | −37.6% | $329.6M | $324.0M | −1.7% | −11.86% |
| May 4, 2026Q1 FY26 | $0.24 | $0.58 | +141.7% | $289.3M | $297.9M | +3.0% | +0.83% |
| Feb 23, 2026Q4 FY25 | $1.68 | $1.39 | −17.3% | $320.5M | $291.6M | −9.0% | −23.43% |
| Nov 3, 2025Q3 FY25 | $1.49 | $1.46 | −2.0% | $320.5M | $303.3M | −5.4% | −5.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $290.0M | $318.6M | $303.3M | $291.6M | $297.9M | $324.0M | |
| Gross profit | $120.0M | $134.1M | $129.4M | $100.8M | $113.6M | $127.9M | |
| Operating income | $19.6M | $30.6M | $22.3M | −$4.2M | $4.9M | $15.9M | |
| Net income | $13.1M | $20.2M | $14.9M | −$4.4M | $200.0K | $7.6M | |
| Diluted EPS | $0.69 | $1.08 | $0.80 | −$0.25 | $0.01 | $0.44 | |
| Gross margin | 41.4% | 42.1% | 42.7% | 34.6% | 38.1% | 39.5% | |
| Operating margin | 6.8% | 9.6% | 7.4% | -1.4% | 1.6% | 4.9% |
Fiscal years (4-quarter sums)FY21 $1.09B · FY22 $1.09B · FY23 $1.24B · FY24 $1.29B · FY25 $1.20B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $76.9M · Total debt $390.8M · Total assets $1.27B · Shareholders' equity $533.4M
Dividends
Raised for 38 straight years — most recently to $0.31 from $0.295 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 15 | $0.31 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.31 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $0.31 | raised from $0.295 |
| Aug 29, 2025 | Aug 29 | Sep 15 | $0.295 | |
| May 30, 2025 | May 30 | Jun 16 | $0.295 | |
| Feb 28, 2025 | Feb 28 | Mar 14 | $0.295 | |
| Nov 29, 2024 | Nov 29 | Dec 16 | $0.295 | raised from $0.28 |
| Aug 30, 2024 | Aug 30 | Sep 16 | $0.28 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 17.04M · Float 16.64M · 97.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.70M | 15.84% | 13F | Aug 7, 2026 |
| AllianceBernstein L.P. | 1.22M | 7.10% | 13G | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 1.18M | 6.94% | 13F | Aug 13, 2026 |
| FMR LLC | 982.4K | 5.77% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 767.0K | 4.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Timothy R. Morse | director | +1,500 | $68.18 |
| Aug 12, 2026 | Donal L. Mulligan | director | +8,000 | $67.34 |
| May 7, 2026 | Richard H. Zay | officer: CHIEF COMMERCIAL OFFICER | −6,875 | $88.02 |
| Feb 26, 2026 | David W. Huml | director, officer: PRESIDENT AND CEO | +4,000 | $64.39 |
| Feb 26, 2026 | David Windley | director | −3,694 | $63.86 |
Peers
- Federal Signal
Street sweepers and infrastructure cleaning equipment
- Alamo Group
Street sweepers, vacuum trucks, and infrastructure equipment
- Ecolab
Cleaning chemistry, floor-care programs, and on-site service
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tennant | $69.58 | −0.14% | $1.19B | 69.5 | 14.2 | 1.0 | +1.7% |
| Federal Signal | $118.13 | +0.04% | $7.21B | 25.5 | 21.8 | 2.9 | +18.7% |
| Alamo Group | $165.27 | +0.02% | $2.01B | 19.8 | 14.8 | 1.2 | +7.6% |
| Ecolab | $275.05 | −4.11% | $80.70B | 38.5 | 33.2 | 4.8 | +9.7% |
| Median | 25.5 | 21.8 | 2.9 | +9.7% |