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Tennant Company TNC
$ 65.95 1.35%
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Quarterly report 2026-Q2
added 08-06-2026

Tennant Company Income Statement 2025-2008 | TNC

Brief overview of revenue and earnings at Tennant Company

The conclusions below are based on five years of reported results. The revenue attributed to Tennant Company moved from 1 billion dollars to 1.2 billion dollars between the two endpoints. The total change was +20.2%, with a CAGR of approximately 3.8%. The revenue trend is close to stagnation.

Gross profit was $408 million at the start and $484 million at the end of the period (+18.8%). Revenue and direct costs changed at similar rates. The gross margin was 40.7% at the start and 40.2% at the end. There was no meaningful shift in gross profitability.

EBITDA changed from $96.3 million to $113 million (+17.7%). There was no major divergence between EBITDA and revenue. At the operating-margin level, the figure shifted from 9.6% to 9.4%. Operating efficiency did not change materially.

Over the period, net income shifted from 33.7 million dollars to 43.8 million dollars (+30%). Net income did not provide a strong directional signal.

The five-year change in capitalization reached −4.7%: from 1.2 billion dollars to 1.2 billion dollars. The market did not materially reprice the business.

Financial takeaway

The results present an uneven picture without one dominant signal. The positive side is supported by improving net profitability, stable operating profitability and a stable gross margin. The main areas of concern are weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Tennant Company

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

1.16 T 1.59 T 1.88 T 1.34 T 1.42 B 1.22 B 1.44 B 1.04 B 1.19 B 1.2 B 975 M 1.19 B 1.19 B 719 B 711 M 584 B 362 B -

Shares

18.4 B 18.8 B 18.5 B 18.5 B 18.5 M 18.3 M 18.1 M 17.9 M 17.7 M 17.5 M 18 M 18.2 M 18.3 M 18.8 B 18.8 M 18.8 B 18.5 B -

Historical Prices

63.3 84.7 101 72.5 76.7 66.5 74.9 56.1 63.7 64.6 49.8 59.3 57.6 40.7 33.5 31.1 19.5 35.1

Net Income

43.8 M 83.7 M 110 M 66.3 M 64.9 M 33.7 M 45.8 M 33.4 M -6.2 M 46.6 M 32.1 M 50.7 M 40.2 M 41.6 M 32.7 M 34.8 M -26.2 M -

Revenue

1.2 B 1.29 B 1.24 B 1.09 B 1.09 B 1 B 1.14 B 1.12 B 1 B 809 M 812 M 822 M 752 M 739 M 754 M - - -

Cost of Revenue

719 M 737 M 716 M 671 M 653 M 593 M 676 M 678 M 603 M 457 M 463 M 470 M 426 M 414 M 435 M 383 M 350 M -

Gross Profit

484 M 550 M 528 M 421 M 438 M 408 M 462 M 445 M 404 M 352 M 349 M 352 M 326 M 325 M 319 M 284 M 246 M -

Operating Income

68.3 M 114 M 139 M 87.2 M 93.7 M 63.7 M 71.8 M 58 M 33 M 68.3 M 53.2 M 72.1 M 62.4 M 62.7 M 49.6 M 37.1 M -22.5 M -

Interest Expense

300 K -500 K -1.6 M 600 K -300 K 100 K 17.8 M 23.3 M 25.4 M 1.28 M 1.31 M 1.72 M 1.76 M 2.52 M 2.24 M 1.62 M 2.83 M -

EBITDA

113 M 154 M 175 M 120 M 127 M 96.3 M 126 M 112 M 70.3 M 86.9 M 82.4 M 92.2 M 82.6 M 82.8 M 71.1 M 55.2 M -2.86 M -

Operating Expenses

- - - - - - 390 M 387 M 377 M 283 M 285 M 280 M 264 M 263 M 270 M 247 M 269 M -

General and Administrative Expenses

375 M 392 M 353 M 306 M 322 M 314 M - - - - - - - - - 221 M 202 M -

All numbers in USD currency

Quarterly Income Statement Tennant Company

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

16.9 M 17.6 M 17.8 M 18.3 M 18.5 M 18.7 M 18.8 M 18.8 M 18.9 M 18.7 M 18.6 M 18.6 M 18.4 M 18.4 M 18.5 M 18.5 M 18.5 M 18.5 M 18.5 M 18.6 M 18.5 M 18.5 M 18.5 M 18.4 M 18.3 M 18.3 M 18.3 M 18.1 M 18.1 M 18 M 18.1 M 18 M 17.9 M 17.8 M 17.9 M 17.7 M 17.7 M 17.6 M 17.7 M 17.5 M 17.5 M 17.5 M 17.7 M 17.9 M 18.2 M 18.3 M 18.4 M 18.1 M 18.2 M 18.3 M 18.5 M 18.3 M 18.3 M 18.3 M 18.5 M 18.5 M 18.6 M 18.7 M 18.8 M 18.7 M 18.9 M 19 M

Net Income

7.6 M 200 K - 14.9 M 20.2 M 13.1 M - 20.8 M 27.9 M 28.4 M - 22.9 M 31.3 M 24.3 M - 15.6 M 16.6 M 10.3 M - 21.5 M 9.8 M 25.7 M - 11.7 M 14.3 M 5.2 M 10.9 M 14.6 M 14.8 M 5.4 M 7.7 M 9.7 M 12.7 M 3.3 M -3.21 M 3.56 M -2.59 M -3.96 M -3.21 M 3.56 M -2.59 M -3.96 M 15.4 M 11.5 M 15.3 M 4.44 M 17.5 M 11.8 M 15.5 M 5.8 M 10.3 M 10.6 M 14.3 M 5.06 M 13.8 M 8.74 M 13.7 M 5.32 M 11.3 M 9.73 M 5.86 M 5.87 M

Revenue

324 M 298 M - 303 M 319 M 290 M - 316 M 331 M 311 M - 305 M 322 M 306 M - 263 M 280 M 258 M - 272 M 279 M 263 M - 262 M 214 M 252 M 295 M 281 M 300 M 262 M 285 M 273 M 292 M 273 M 279 M 262 M 271 M 191 M 279 M 200 M 217 M 180 M 212 M 205 M 215 M 186 M 216 M 203 M 219 M 184 M 195 M 189 M 200 M 168 M 188 M 178 M 199 M 174 M 193 M 187 M 201 M 173 M

Cost of Revenue

196 M 184 M - 174 M 184 M 170 M - 182 M 188 M 174 M - 173 M 182 M 180 M - 162 M 174 M 159 M - 163 M 164 M 150 M - 158 M 124 M 149 M - 167 M 179 M 154 M - 167 M 175 M 164 M - 157 M 166 M 111 M - 115 M 122 M 102 M - 116 M 120 M 108 M - 115 M 124 M 107 M - 107 M 112 M 95.6 M - 101 M 111 M 98.4 M - 107 M 118 M 101 M

Gross Profit

128 M 114 M - 129 M 134 M 120 M - 134 M 143 M 138 M - 132 M 140 M 126 M - 101 M 106 M 98.9 M - 109 M 115 M 113 M - 104 M 89.5 M 103 M 119 M 114 M 121 M 108 M 112 M 106 M 117 M 109 M 114 M 103 M 103 M 79.7 M 116 M 105 M 105 M 79.7 M 93.5 M 85.3 M 95.3 M 77.5 M 93.1 M 87.2 M 95.3 M 76.9 M 83.8 M 81.9 M 87.7 M 72.5 M 83.5 M 77.6 M 89 M 75.3 M 83.5 M 80.3 M 83.5 M 71.9 M

Operating Income

15.9 M 4.9 M - 22.3 M 30.6 M 19.6 M - 30.6 M 38.6 M 37.5 M - 34.7 M 43.5 M 35.9 M - 21.4 M 22.8 M 14.6 M - 23.9 M 20.4 M 36.3 M - 18.4 M 22.9 M 14.4 M - 21.5 M 19.9 M 10.8 M - 15.4 M 19 M 10.4 M - 11 M 9.34 M -2.67 M - 16.3 M 22.6 M 7.1 M - 4.57 M 22.6 M 8.25 M - 17.1 M 23.1 M 9.24 M - 16.2 M 21.6 M 6.88 M - 13.8 M 21.6 M 8.34 M - 15.8 M 10.2 M 8.19 M

Interest Expense

-1 M -200 K - -500 K -300 K 100 K - - 100 K 100 K - -1.1 M -600 K -100 K - 600 K -300 K -200 K - -300 K 2.1 M 3.9 M - 4.4 M 4.8 M 5.1 M - 5.2 M 5.4 M 5 M - 6 M 6 M 5.7 M - 6.09 M 11.8 M 794 K - 329 K 288 K 302 K - 215 K 419 K 377 K - 396 K 419 K 486 K - 440 K 411 K 467 K - 640 K 669 K 712 K - 654 K 545 K 415 K

EBITDA

39 M 16.3 M - 25.7 M 34 M 30.2 M - 34.2 M 42.5 M 47.1 M - 38.2 M 47.1 M 44.2 M - 25.1 M 26.7 M 22.8 M - 48.4 M 36.6 M 44.6 M - 42.5 M 38.6 M 22.5 M - 45.5 M 35.8 M 18.8 M - 39.5 M 35.3 M 18.1 M - 29.5 M 20.4 M 1.83 M - 29.4 M 31.2 M 11.4 M - 16.5 M 30.7 M 12.4 M - 30.3 M 32 M 13.7 M - 29.4 M 30.5 M 11.4 M - 27 M 30.5 M 12.8 M - 28.6 M 18.9 M 12.6 M

Operating Expenses

- - - - - - - - - - - - - - - - - - - - - 77 M - 86.4 M 67.7 M 88.4 M - 92.5 M 101 M 97.4 M - 91.2 M 98.2 M 98.7 M - 93.6 M 95.2 M 82.4 M - 69 M 72.7 M 70.4 M - 84.1 M 72.4 M 69.8 M - 70.1 M 72.1 M 67.7 M - 65.6 M 66.1 M 65.6 M - 63.8 M 67.4 M 67 M - 64.5 M 73.2 M 63.7 M

General and Administrative Expenses

99.5 M 98.1 M - 96.6 M 93.7 M 90.7 M - 92.7 M 92.9 M 89.9 M - 88.2 M 87 M 81.7 M - 71.4 M 79.1 M 76.6 M - 76.9 M 86.2 M 79.4 M - 77.8 M 60 M 81 M - 84.3 M 92.5 M 90.2 M - 83.7 M 90.3 M 90.7 M - 85.7 M 87.3 M 74 M - 60.6 M 64.3 M 62.4 M - 64.7 M 64 M 62.1 M - 63.2 M 64.5 M 60.2 M - 57.7 M 58.3 M 58.1 M - 57.2 M 60.4 M 59.7 M - 57.2 M -66.5 M -57.5 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Tennant Company (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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