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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and TENNANT CO (TNC). Click either name above to swap in a different company.
Alliance Laundry Holdings Inc. is the larger business by last-quarter revenue ($437.6M vs $291.6M, roughly 1.5× TENNANT CO). Alliance Laundry Holdings Inc. runs the higher net margin — 7.5% vs -1.5%, a 9.0% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs -11.3%). Alliance Laundry Holdings Inc. produced more free cash flow last quarter ($87.0M vs $9.7M).
Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...
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.
ALH vs TNC — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $437.6M | $291.6M |
| Net Profit | $32.9M | $-4.4M |
| Gross Margin | 37.0% | 34.6% |
| Operating Margin | 19.5% | -1.4% |
| Net Margin | 7.5% | -1.5% |
| Revenue YoY | 13.9% | -11.3% |
| Net Profit YoY | 620.3% | -166.7% |
| EPS (diluted) | $0.19 | $-0.21 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $291.6M | ||
| Q3 25 | $437.6M | $303.3M | ||
| Q2 25 | — | $318.6M | ||
| Q1 25 | — | $290.0M | ||
| Q4 24 | — | $328.9M | ||
| Q3 24 | $384.3M | $315.8M | ||
| Q2 24 | — | $331.0M | ||
| Q1 24 | — | $311.0M |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $32.9M | $14.9M | ||
| Q2 25 | — | $20.2M | ||
| Q1 25 | — | $13.1M | ||
| Q4 24 | — | $6.6M | ||
| Q3 24 | $-6.3M | $20.8M | ||
| Q2 24 | — | $27.9M | ||
| Q1 24 | — | $28.4M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | 37.0% | 42.7% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 41.4% | ||
| Q4 24 | — | 41.3% | ||
| Q3 24 | 37.2% | 42.4% | ||
| Q2 24 | — | 43.1% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | -1.4% | ||
| Q3 25 | 19.5% | 7.4% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 18.7% | 9.7% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | — | -1.5% | ||
| Q3 25 | 7.5% | 4.9% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | -1.6% | 6.6% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 9.1% |
| Q4 25 | — | $-0.21 | ||
| Q3 25 | $0.19 | $0.80 | ||
| Q2 25 | — | $1.08 | ||
| Q1 25 | — | $0.69 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | $-0.04 | $1.09 | ||
| Q2 24 | — | $1.45 | ||
| Q1 24 | — | $1.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $136.2M | — |
| Total DebtLower is stronger | — | $273.2M |
| Stockholders' EquityBook value | $-136.4M | $601.6M |
| Total Assets | $2.9B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $136.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | — | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M | ||
| Q1 24 | — | $207.4M |
| Q4 25 | — | $601.6M | ||
| Q3 25 | $-136.4M | $640.9M | ||
| Q2 25 | — | $651.9M | ||
| Q1 25 | — | $624.4M | ||
| Q4 24 | — | $620.8M | ||
| Q3 24 | $-284.6M | $647.2M | ||
| Q2 24 | — | $624.6M | ||
| Q1 24 | — | $614.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $116.8M | $14.2M |
| Free Cash FlowOCF − Capex | $87.0M | $9.7M |
| FCF MarginFCF / Revenue | 19.9% | 3.3% |
| Capex IntensityCapex / Revenue | 6.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.2M | ||
| Q3 25 | $116.8M | $28.7M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $-400.0K | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | — | $30.7M | ||
| Q2 24 | — | $18.6M | ||
| Q1 24 | — | $2.9M |
| Q4 25 | — | $9.7M | ||
| Q3 25 | $87.0M | $22.3M | ||
| Q2 25 | — | $18.7M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $28.1M | ||
| Q3 24 | — | $26.4M | ||
| Q2 24 | — | $14.4M | ||
| Q1 24 | — | $-100.0K |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 19.9% | 7.4% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | -0.0% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 6.8% | 2.1% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | 3.55× | 1.93× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | -0.03× | ||
| Q4 24 | — | 5.68× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 0.67× | ||
| Q1 24 | — | 0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALH
| Equipment Product Or Service | $275.7M | 63% |
| Other | $106.8M | 24% |
| Service Parts | $33.1M | 8% |
| Equipment Financing | $12.6M | 3% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
