TENNANT (TNC)
Industrials · Commercial floor cleaning equipment and solutions · NYSE
A 155-year-old global leader in commercial floor cleaning equipment and solutions, ranging from manual machines to autonomous robots, serving over 40,000 customers across retail, distribution, hospitality, and institutional facilities.
What TENNANT does
Tennant Company designs, manufactures, and markets floor cleaning equipment and solutions for nonresidential surfaces, serving contract cleaners and facilities maintenance organizations globally. The company offers a portfolio of manual and autonomous mechanized cleaning equipment, detergent-free cleaning technologies, aftermarket parts and consumables, maintenance services, and business solutions including financing, rental, and asset management programs. With 11 global manufacturing locations and operations across the Americas, EMEA, and Asia Pacific, Tennant sells products directly in 21 countries and through authorized distributors in over 100 countries under brands including Tennant, Nobles, IPC, Gaomei, and Rongen.
Themes: ["Floor cleaning equipment and solutions","Commercial facilities maintenance","Robotic cleaning / autonomous equipment","Sustainable cleaning technologies","Equipment-as-a-service / rental models"]
Fundamentals
- Price$85.28 as of 2026-07-09 close
- Market cap$1.4B as of 2026-07-10
- 1-year return+3.6% as of 2026-07-09 close
- P/E46.74 as of 2026-07-10
- Net margin+2.5% as of 2026-07-10
- Gross margin+39.5% as of 2026-07-10
- ROE+5.1% as of 2026-07-10
- Debt / equity0.68 as of 2026-07-10
- Revenue growth (YoY)-4.3% as of 2026-07-10
- Revenue CAGR (3y)+3.3% SEC XBRL
- Beta1.14 as of 2026-07-10
Dividend: yield +1.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Revenue declining year-over-year (-4.29% YoY) and gross profit pressures evident in Q1 2026 (gross margin compression from 41.4% to 38.1%)","Rising interest expense and debt levels; long-term debt increased from $273.2M to $358.3M in first quarter of 2026, indicating increased leverage","Supply chain exposure to tariffs, trade policies, and input cost variability, despite mitigation through regional manufacturing and diversified sourcing"]
Competitors & peers
- NILFISK HOLDING (global industrial cleaning equipment manufacturer)
- KARCHER (German cleaning technology company)
- BISSELL (commercial cleaning equipment)
- TACONY (floor care equipment distributor)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.