TENNANT COTNCEarnings & Financial Report
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
Revenue
$331.0M
Gross Profit
$142.7M
Operating Profit
$38.6M
Net Profit
$27.9M
Gross Margin
43.1%
Operating Margin
11.7%
Net Margin
8.4%
YoY Growth
2.9%
EPS
$1.45
TENNANT CO Q2 FY2024 Financial Summary
TENNANT CO reported revenue of $331.0M (up 2.9% YoY) for Q2 FY2024, with a net profit of $27.9M (down 10.9% YoY) (8.4% margin). Cost of goods sold was $188.3M, operating expenses totaled $104.1M.
Key Financial Metrics
| Total Revenue | $331.0M |
|---|---|
| Net Profit | $27.9M |
| Gross Margin | 43.1% |
| Operating Margin | 11.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
TENNANT CO Q2 FY2024 revenue of $331.0M breaks down across 3 segments, led by Equipment Sales at $210.7M (63.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Equipment Sales | $210.7M | 63.7% |
| Parts And Consumables | $68.9M | 20.8% |
| Service And Other | $51.4M | 15.5% |
TENNANT CO Revenue by Segment — Quarterly Trend
TENNANT CO revenue by segment across the last 4 reported quarters, showing how each business line (such as Equipment Sales and Parts And Consumables) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Equipment Sales | $165.5M | $179.4M | $197.0M | — |
| Parts And Consumables | $69.1M | $69.7M | $69.5M | $67.3M |
| Service And Other | $57.0M | $54.2M | $52.1M | — |
TENNANT CO Annual Revenue by Year
TENNANT CO annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $1.3B |
| 2023 | $1.2B |
| 2022 | $1.1B |
TENNANT CO Quarterly Revenue & Net Profit History
TENNANT CO results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $291.6M | -11.3% | $-4.4M | -1.5% |
| Q3 FY2025 | $303.3M | -4.0% | $14.9M | 4.9% |
| Q2 FY2025 | $318.6M | -3.7% | $20.2M | 6.3% |
| Q1 FY2025 | $290.0M | -6.8% | $13.1M | 4.5% |
| Q4 FY2024 | $328.9M | +5.6% | $6.6M | 2.0% |
| Q3 FY2024 | $315.8M | +3.6% | $20.8M | 6.6% |
| Q2 FY2024 | $331.0M | +2.9% | $27.9M | 8.4% |
| Q1 FY2024 | $311.0M | +1.7% | $28.4M | 9.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $311.0M | $331.0M | $315.8M | $328.9M | $290.0M | $318.6M | $303.3M | $291.6M |
| YoY Growth | 1.7% | 2.9% | 3.6% | 5.6% | -6.8% | -3.7% | -4.0% | -11.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.15B | $1.17B | $1.22B | $1.19B | $1.18B | $1.24B | $1.26B | $1.27B |
| Liabilities | $535.8M | $541.6M | $567.6M | $568.0M | $554.2M | $587.8M | $614.2M | $665.5M |
| Equity | $614.6M | $624.6M | $647.2M | $620.8M | $624.4M | $651.9M | $640.9M | $601.6M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.9M | $18.6M | $30.7M | $37.5M | $-400000 | $22.5M | $28.7M | $14.2M |