TNC on NYSE

Tennant Company

Logo: Kopiersperre, Public domain, via Wikimedia Commons5

American cleaning products company

The Tennant Company (TNC:NYQ) is a company with about 4500 employees that provides cleaning products. Headquartered in Eden Prairie, Minnesota, it is listed on the New York Stock Exchange.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1870Founded1

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  • TickerTNC on NYSE1
  • IndustryRefrigeration & Service Industry Machinery1
  • HeadquartersMinneapolis1
  • Websitewww.tennantco.com
  • Incorporated inMN6
  • Business address104000 Clean Street, Eden Prairie, Mn 553446
  • Filer categoryLarge accelerated filer6
  • Legal formBusiness Corporation4
  • LEIJYAIRLT8DVP6DP8UT3364
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Corporation Service Company, 55113 Roseville, United States4
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, 217-AA4

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The Tennant Company (TNC:NYQ) is a company with about 4500 employees that provides cleaning products. Headquartered in Eden Prairie, Minnesota, it is listed on the New York Stock Exchange.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

40.2%Gross margin8
5.7%Operating margin8
3.6%Net margin8
-6.5%Revenue growth, 20258
7.3%Return on equity8
0.45×Debt to equity8
$43.3MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Equipment Sales brought in 59% of the revenue Tennant Company broke down this way in fiscal 2025.

  1. Equipment Sales$714.7M859%down 12% from 2024
  2. Parts and Consumables$275.6M823%up 0% from 2024
  3. Service and Other$213.2M818%up 5% from 2024
Products and services by year
Products and services202320242025
Equipment Sales$776.4M$808.7M$714.7M
Parts and Consumables$279.5M$274.3M$275.6M
Service and Other$187.7M$203.7M$213.2M

Regions

United States brought in 56% of the revenue Tennant Company broke down this way in fiscal 2025.

  1. United States$670.9M856%down 13% from 2024
  2. EMEA$334.6M828%up 5% from 2024
  3. Americas (Excluding United States)$121.1M810%down 0% from 2024
  4. Asia Pacific$76.9M86%down 4% from 2024
Regions by year
Regions202320242025
United States$726.8M$766.9M$670.9M
EMEA$314.4M$318.5M$334.6M
Americas (Excluding United States)$113.5M$121.6M$121.1M
Asia Pacific$88.9M$79.7M$76.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$719.2M
  • Research and development3¢$41.2M
  • Selling, general and admin31¢$374.8M
  • Other costs1¢$10.4M
  • Income tax1¢$14.1M
  • Profit4¢$43.8M

Out of $1.2B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending16¢$21.7M
  • Dividends paid17¢$21.9M
  • Share buybacks67¢$88.5M

Out of $65.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$1.2B in 2025+6% since 2019
0$500.0M$1.0B$1.5B2019: $1.1B$1.1B20192020: $1.0B$1.0B2020−12%2021: $1.1B$1.1B2021+9%2022: $1.1B$1.1B2022+0%2023: $1.2B$1.2B2023+14%2024: $1.3B$1.3B2024+3%2025: $1.2B$1.2B2025−6%
Gross profit91011128$484.3M in 2025+5% since 2019
0$200.0M$400.0M$600.0M2019: $461.7M$461.7M20192020: $407.8M$407.8M2020−12%2021: $438.0M$438.0M2021+7%2022: $420.9M$420.9M2022−4%2023: $527.8M$527.8M2023+25%2024: $550.0M$550.0M2024+4%2025: $484.3M$484.3M2025−12%
Operating income91011128$68.3M in 2025−5% since 2019
0$50.0M$100.0M$150.0M2019: $71.8M$71.8M20192020: $63.7M$63.7M2020−11%2021: $93.7M$93.7M2021+47%2022: $87.2M$87.2M2022−7%2023: $138.6M$138.6M2023+59%2024: $114.3M$114.3M2024−18%2025: $68.3M$68.3M2025−40%
Net income91011128$43.8M in 2025−4% since 2019
0$50.0M$100.0M$150.0M2019: $45.8M$45.8M20192020: $33.7M$33.7M2020−26%2021: $64.9M$64.9M2021+93%2022: $66.3M$66.3M2022+2%2023: $109.5M$109.5M2023+65%2024: $83.7M$83.7M2024−24%2025: $43.8M$43.8M2025−48%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Net sales$1.2B$1.3B$1.2B
Cost of sales$719.2M$736.7M$715.8M
Gross profit$484.3M$550.0M$527.8M
Selling and administrative expense$374.8M$391.9M$352.6M
Research and development expense$41.2M$43.8M$36.6M
Operating income$68.3M$114.3M$138.6M
Interest expense, net-$9.0M-$9.1M-$13.5M
Gain (Loss), Foreign Currency Transaction, before Tax-$1.7M$100.0K$300.0K
Other income (expense), net$300.0K-$500.0K-$1.6M
Income before income taxes$57.9M$104.8M$123.8M
Income tax expense$14.1M$21.1M$14.3M
Net income$43.8M$83.7M$109.5M
Net income per share, Basic (in dollars per share)$2.38$4.46$5.92
Net income per share, Diluted (in dollars per share)$2.36$4.38$5.83
Weighted average shares outstanding, Basic (in shares)18.4M shares18.8M shares18.5M shares
Weighted average shares outstanding, Diluted (in shares)18.6M shares19.1M shares18.8M shares

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The story

Tennant's products are used to clean and coat surfaces. The Company operates through the following operating segments: North America, Latin America, Europe, Middle East, Africa, and Asia Pacific.

The company was founded in Minneapolis by George H. Tennant as a wood-working business in 1870. It was incorporated in 1909.

Tennant is a leading global manufacturer of floor maintenance and cleaning equipment.

In 2017, Tennant announced the acquisition of IPC Group, a company based in Italy manufacturing Scrubber Dryers, Sweepers, Vacuum Cleaners, High Pressure Washers.

In, 2018, Tennant launched their first fully-autonomous scrubber powered by the Brain Corp. AI Operating System.

As of May, 2023, the Tennant Company is one of the world's largest manufacturer's of autonomous mobile robots with over 6,000 units deployed across the world.

From Wikipedia’s article on Tennant Company, shared under CC BY-SA 4.0.7

Leadership

Who has led Tennant Company, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Janet Dolan2004–2005
  2. Chris Killingstad2006–2021
  3. David W. Huml2021–now

President

  1. Janet Dolan2004–2005
  2. Chris Killingstad2006–2021
  3. David W. Huml2021–now

Chief financial officer

  1. Anthony T. Brausen2004–2005
  2. Thomas Paulson2006–2021
  3. Keith Alan Woodward2018–2020
  4. Andrew J. Cebulla2020
  5. Fay West2021–now

Chief operating officer

  1. David W. Huml2020
  2. Richard H. Zay2026–now
197019801990200020102020
Board members and other officers (51)

Subsidiaries and ownership

Subsidiaries

  • IPC Group

From Wikidata.1

Timeline

  1. Mar 4, 2021New chief executive David W. Huml becomes CEO16
  2. Jan 5, 2006New chief executive Chris Killingstad becomes CEO17
  3. Jan 5, 2004New chief executive Janet Dolan becomes CEO18
  4. 1870Founded Founded1

Filings

290 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 37 major events, 162 insider forms, 24 large holders, 47 other. The latest 20:

  1. Sep 23, 20264 EDGAR
  2. Sep 22, 2026SCHEDULE 13D/A EDGAR
  3. Sep 11, 20264 EDGAR
  4. Sep 11, 20264 EDGAR
  5. Aug 14, 2026SCHEDULE 13G EDGAR
  6. Aug 13, 20264 EDGAR
  7. Aug 13, 20264 EDGAR
  8. Aug 6, 2026SCHEDULE 13G EDGAR
  9. Aug 6, 202610-Q FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2026 EDGAR
  10. Aug 6, 20268-K EDGAR
  11. Jul 30, 20268-K EDGAR
  12. Jun 25, 202611-K EDGAR
  13. Jun 17, 20268-K EDGAR
  14. May 28, 2026SD EDGAR
  15. May 13, 2026SCHEDULE 13G/A EDGAR
  16. May 11, 20264 EDGAR
  17. May 11, 20264 EDGAR
  18. May 11, 20264 EDGAR
  19. May 11, 20264 EDGAR
  20. May 11, 20264 EDGAR

The 290 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

42 open-market trades by officers, directors and large owners since October 2021: 7 buys and 35 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 31, 2026ALLEN PATRICK EDirectorBuy3,000$69.42$208.2KForm 4
Aug 12, 2026Mulligan Donal LDirectorBuy8,000$67.34$538.7KForm 4
Aug 12, 2026Morse Timothy R.DirectorBuy1,500$68.18$102.3KForm 4
May 7, 2026Zay Richard H.SVP, COOSale6,875$88.02$605.1KForm 4
Mar 2, 2026Glerum James T Jr.DirectorBuy8,163$61.25$500.0KForm 4
Feb 27, 2026Arvani AzitaDirectorSale3,156$61.40$193.8KForm 4
Feb 27, 2026Mulligan Donal LDirectorBuy3,000$61.61$184.8KForm 4
Feb 26, 2026Windley DavidDirectorSale3,694$63.86$235.9KForm 4
Feb 26, 2026Huml David W.PRESIDENT AND CEOBuy4,000$64.39$257.6KForm 4
Feb 26, 2026EICHER CAROL SDirectorSale3,130$61.98$194.0KForm 4
Feb 26, 2026Mulligan Donal LDirectorBuy5,000$63.86$319.3KForm 4
Aug 19, 2025Zay Richard H.SVP, COOSale4,042$83.21$336.3KForm 4
Feb 28, 2025Arvani AzitaDirectorSale2,358$85.22$200.9KForm 4
Feb 28, 2025Balinski BarbSVP, Chief Transf OfficerSale1,717$86.42$148.4KForm 4
Feb 24, 2025Zay Richard H.SVP, COOSale7,053$87.58$617.7KForm 4
Aug 28, 2024Balinski BarbSVP, Chief Transf OfficerSale1,500$96.61$144.9KForm 4
Mar 8, 2024ERICKSON KRISTIN A.SVP, CHRO & GCSale556$110.00$61.2KForm 4
Mar 7, 2024ERICKSON KRISTIN A.SVP, CHRO & GCSale1,270$110.66$140.5KForm 4
Mar 4, 2024Arvani AzitaDirectorSale1,765$111.72$197.2KForm 4
Mar 4, 2024Huml David W.PRESIDENT AND CEOSale20,009$110.83$2.2MForm 4

All 42 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,698,829$236.3M0.0%−27,123
Vanguard Portfolio Management LLC1,182,875$103.5M0.0%−6,152
Fmr LLC982,418$86.0M0.0%+293,705
Alliancebernstein L.P.1,216,305$80.8M0.0%+1,178,547
Vanguard Capital Management LLC767,007$67.1M0.0%−49,608
State Street Corp711,400$62.3M0.0%+12,001
Gamco Investors, Inc. Et Al701,100$61.4M0.6%−5,300
Mairs & Power Inc681,800$59.7M0.5%−121,664
Dimensional Fund Advisors LP661,114$57.9M0.0%+26,956
American Century Companies Inc541,413$47.4M0.0%−44,112
Geode Capital Management, LLC474,583$41.6M0.0%+10,436
Vision One Management Partners, LP391,593$34.3M12.3%No change
Simcoe Capital Management, LLC383,000$33.5M6.5%+10,050
Brown Advisory Inc367,684$32.2M0.0%−75,550
Bank of New York Mellon Corp326,275$28.6M0.0%−6,912
Silvercrest Asset Management Group LLC273,497$23.9M0.2%−10,562
First Eagle Investment Management, LLC265,714$23.3M0.0%+233,658
Charles Schwab Investment Management Inc251,576$22.0M0.0%−3,645
Morgan Stanley245,049$21.5M0.0%+121,467
Needham Investment Management LLC242,500$21.2M0.6%+13,500
Royce & Associates LP241,000$21.1M0.2%+181,000
Van Lanschot Kempen Investment Management N.v.226,724$19.8M0.2%+3,655
P2 Capital Partners, LLC225,255$19.7M8.0%−78,952
Northern Trust Corp207,319$18.1M0.0%+8,091
River Road Asset Management, LLC203,677$17.8M0.2%−66,561

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 14, 2025Susie LeeDemocratic, HouseSale$1,001 - $15,000+59.0%Report
Nov 18, 2021Peter WelchDemocratic, HouseSale$1,001 - $15,000+84.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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