Tennant Co income statement
In fiscal 2025, Tennant Co reported revenue of $1.20bn, down 6.5% on the year before, operating income of $68.3m (a 5.7% margin) and net income of $43.8m, or $2.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 596 | 668 | 754 | 739 | 752 | 822 | 812 | 809 | 1,003 | 1,124 | 1,138 | 1,001 | 1,091 | 1,092 | 1,244 | 1,287 | 1,204 | 1,236 |
| Cost of revenue | 350 | 383 | 435 | 414 | 426 | 470 | 463 | 457 | 603 | 679 | 676 | 593 | 653 | 671 | 716 | 737 | 719 | 757 |
| Gross profit | 246 | 284 | 319 | 325 | 326 | 352 | 349 | 352 | 400 | 445 | 462 | 408 | 438 | 421 | 528 | 550 | 484 | 479 |
| Research and development | 23 | 26 | 28 | 29 | 31 | 29 | 32 | 35 | 32 | 31 | 33 | 30 | 32 | 31 | 37 | 44 | 41 | 47 |
| Selling, general and administrative | 202 | 221 | 242 | 234 | 233 | 251 | 252 | 249 | 335 | 356 | 357 | 314 | 322 | 306 | 353 | 392 | 375 | 384 |
| Operating income | −22 | 37 | 50 | 63 | 62 | 72 | 53 | 68 | 33 | 58 | 72 | 64 | 94 | 87 | 139 | 114 | 68 | 48 |
| Interest expense | 3 | 2 | 2 | 3 | 2 | 2 | 1 | 1 | 25 | 23 | 18 | 17 | 7 | — | — | — | — | — |
| Net interest income | — | — | — | — | — | — | −1 | −1 | −23 | −20 | −18 | — | — | — | — | — | — | — |
| Income before tax | −24 | 35 | 49 | 60 | 60 | 70 | 50 | 66 | −1 | 36 | 54 | 41 | 74 | 80 | 124 | 105 | 58 | 31 |
| Income tax | 2 | −0 | 16 | 18 | 20 | 19 | 18 | 20 | 5 | 2 | 8 | 7 | 9 | 13 | 14 | 21 | 14 | 8 |
| Net income | −26 | 35 | 33 | 42 | 40 | 51 | 32 | 47 | −6 | 33 | 46 | 34 | 65 | 66 | 110 | 84 | 44 | 23 |
| Diluted EPS | −$1.42 | $1.80 | $1.69 | $2.18 | $2.14 | $2.70 | $1.74 | $2.59 | −$0.35 | $1.82 | $2.48 | $1.81 | $3.44 | $3.55 | $5.83 | $4.38 | $2.36 | $1.30 |
| Diluted shares (average) | 19m | 19m | 19m | 19m | 19m | 19m | 18m | 18m | 18m | 18m | 18m | 19m | 19m | 19m | 19m | 19m | 19m | 18m |
| EBITDA | −3 | 55 | 68 | 81 | 80 | 90 | 70 | 86 | 59 | 90 | 104 | 96 | 127 | 120 | 175 | 154 | 113 | 94 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 329 | 290 | 319 | 303 | 292 | 298 | 324 | 322 |
| Cost of revenue | 193 | 170 | 185 | 174 | 191 | 184 | 196 | 186 |
| Gross profit | 136 | 120 | 134 | 129 | 101 | 114 | 128 | 136 |
| Research and development | 12 | 10 | 10 | 11 | 11 | 11 | 13 | 12 |
| Selling, general and administrative | 116 | 91 | 94 | 97 | 94 | 98 | 100 | 93 |
| Operating income | 8 | 20 | 31 | 22 | −4 | 5 | 16 | 31 |
| Interest expense | — | 2 | 2 | 2 | — | 3 | 4 | 5 |
| Income before tax | 5 | 17 | 27 | 19 | −6 | 1 | 10 | 26 |
| Income tax | −1 | 4 | 7 | 5 | −2 | 1 | 3 | 6 |
| Net income | 7 | 13 | 20 | 15 | −4 | 0 | 8 | 20 |
| Diluted EPS | $0.35 | $0.69 | $1.08 | $0.80 | −$0.21 | $0.01 | $0.44 | $1.12 |
| EBITDA | 18 | 30 | 42 | 34 | 8 | 16 | 28 | 43 |
Compare with peers
- Enpro Inc. income statement
- Albany International Corp income statement
- Kadant Inc income statement
- Mueller Water Products, Inc. income statement
- Columbus Mckinnon Corp income statement
Head to head: NPO vs TNCAIN vs TNCKAI vs TNC
More: Industrial Machinery & Supplies & Components stocks compared, Industrials sector, rankings of US companies