Tennant (TNC) Financials

$69.87 +0.00 (+0.01%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$69.96 +0.09 (+0.13%)

As of 04/17/2025 04:20 PM Eastern

Annual Income Statements for Tennant

This table shows Tennant's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	51	32	47	-6.20	33	46	34	65	66	110	84
Consolidated Net Income / (Loss)	51	32	47	-6.20	34	46	34	65	66	110	84
Net Income / (Loss) Continuing Operations	51	32	47	-6.20	34	46	34	65	66	110	84
Total Pre-Tax Income	70	50	66	-1.30	36	54	41	74	80	124	105
Total Operating Income	72	53	68	33	58	72	64	94	87	139	114
Total Gross Profit	352	349	352	400	445	462	408	438	421	528	550
Total Revenue	822	812	809	1,003	1,124	1,138	1,001	1,091	1,092	1,244	1,287
Operating Revenue	822	812	809	1,003	1,124	1,138	1,001	1,091	1,092	1,244	1,287
Total Cost of Revenue	470	463	457	603	679	676	593	653	671	716	737
Operating Cost of Revenue	470	463	457	603	679	676	593	653	671	716	737
Total Operating Expenses	280	296	283	367	387	390	344	344	334	389	436
Selling, General & Admin Expense	251	252	249	335	356	357	314	322	306	353	392
Research & Development Expense	29	32	35	32	31	33	30	32	31	37	44
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-9.80	-3.70	0.00	0.00
Total Other Income / (Expense), net	-2.56	-2.75	-1.77	-34	-22	-18	-23	-20	-7.70	-15	-9.50
Interest & Investment Income	0.30	0.17	0.33	2.40	3.00	-	-17	-7.30	-7.10	-14	-9.10
Other Income / (Expense), net	-1.14	-1.61	-0.83	-11	-1.90	0.00	-5.20	-1.00	-0.60	-1.30	-0.40
Income Tax Expense	19	18	20	4.90	2.30	8.10	7.40	9.20	13	14	21
Basic Earnings per Share	$2.78	$1.78	$2.66	($0.35)	$1.86	$2.53	$1.84	$3.51	$3.58	$5.92	$4.46
Weighted Average Basic Shares Outstanding	18.22M	18.02M	17.52M	17.70M	17.94M	18.12M	18.35M	18.50M	18.49M	18.51M	18.79M
Diluted Earnings per Share	$2.70	$1.74	$2.59	($0.35)	$1.82	$2.48	$1.81	$3.44	$3.55	$5.83	$4.38
Weighted Average Diluted Shares Outstanding	18.74M	18.49M	17.98M	17.70M	18.34M	18.45M	18.64M	18.85M	18.70M	18.78M	19.10M
Weighted Average Basic & Diluted Shares Outstanding	18.20M	18M	17.50M	17.70M	18M	18.35M	18.52M	18.53M	18.52M	18.62M	18.82M
Cash Dividends to Common per Share	$0.78	$0.80	$0.81	$0.84	$0.85	$0.88	$0.89	$0.94	$1.02	$1.08	$1.14

This table shows Tennant's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	16	24	24	31	23	31	28	28	21	6.60
Consolidated Net Income / (Loss)	16	24	24	31	23	31	28	28	21	6.60
Net Income / (Loss) Continuing Operations	16	24	24	31	23	31	28	28	21	6.60
Total Pre-Tax Income	20	25	32	40	30	22	35	37	28	5.30
Total Operating Income	21	28	36	44	35	25	38	39	31	7.60
Total Gross Profit	101	115	126	140	132	131	138	143	134	136
Total Revenue	263	291	306	322	305	311	311	331	316	329
Operating Revenue	263	291	306	322	305	311	311	331	316	329
Total Cost of Revenue	162	176	180	182	173	181	174	188	182	193
Operating Cost of Revenue	162	176	180	182	173	181	174	188	182	193
Total Operating Expenses	79	87	90	96	97	106	100	104	103	128
Selling, General & Admin Expense	71	79	82	87	88	96	90	93	93	116
Research & Development Expense	7.90	7.60	7.90	9.00	9.10	11	10	11	11	12
Total Other Income / (Expense), net	-1.60	-3.70	-3.90	-3.60	-4.80	-2.50	-2.40	-1.70	-3.10	-2.30
Other Income / (Expense), net	0.60	-0.30	-0.20	0.40	-1.50	-	-0.10	0.80	-0.40	-0.70
Income Tax Expense	4.20	0.90	7.70	8.60	7.00	-9.00	6.70	9.00	6.70	-1.30
Basic Earnings per Share	$0.84	$1.28	$1.32	$1.70	$1.23	$1.67	$1.52	$1.47	$1.11	$0.36
Weighted Average Basic Shares Outstanding	18.52M	18.49M	18.45M	18.44M	18.57M	18.51M	18.67M	18.90M	18.81M	18.79M
Diluted Earnings per Share	$0.83	$1.28	$1.30	$1.68	$1.21	$1.64	$1.49	$1.45	$1.09	$0.35
Weighted Average Diluted Shares Outstanding	18.69M	18.70M	18.68M	18.71M	18.88M	18.78M	19.08M	19.21M	19.09M	19.10M
Weighted Average Basic & Diluted Shares Outstanding	18.60M	18.52M	18.51M	18.58M	18.68M	18.62M	19.01M	18.90M	18.87M	18.82M

This table details how cash moves in and out of Tennant's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	12	-42	7.76	-1.70	27	-12	66	-17	-46	40	-17
Net Cash From Operating Activities	59	45	58	54	80	72	134	69	-25	188	90
Net Cash From Continuing Operating Activities	59	45	58	54	80	72	134	69	-25	188	90
Net Income / (Loss) Continuing Operations	51	32	47	-6.20	34	46	34	65	66	110	84
Consolidated Net Income / (Loss)	51	32	47	-6.20	34	46	34	65	66	110	84
Depreciation Expense	18	17	18	26	32	32	33	33	33	36	40
Amortization Expense	2.37	1.48	0.41	19	25	22	21	20	16	15	15
Non-Cash Adjustments To Reconcile Net Income	8.84	20	4.15	21	8.70	20	11	15	7.40	16	16
Changes in Operating Assets and Liabilities, net	-20	-25	-11	-6.00	-19	-48	36	-63	-148	12	-65
Net Cash From Investing Activities	-18	-24	-41	-375	-16	-56	-30	1.70	-25	-23	-78
Net Cash From Continuing Investing Activities	-18	-24	-41	-375	-16	-56	-30	1.50	-25	-23	-78
Purchase of Property, Plant & Equipment	-20	-25	-27	-20	-19	-38	-30	-19	-25	-23	-21
Acquisitions	0.00	0.00	-13	-357	-2.80	-20	-0.10	-	0.00	0.00	-26
Purchase of Investments	-	-	-	-	-	-	-	-	0.00	0.00	-32
Divestitures	1.42	1.19	0.29	0.00	4.00	0.00	0.00	25	4.10	0.00	0.00
Other Investing Activities, net	0.01	-0.32	-2.00	-1.50	-	-	0.00	-3.80	-3.60	-0.40	0.30
Net Cash From Financing Activities	-28	-61	-9.56	319	-33	-27	-43	-85	8.10	-123	-25
Net Cash From Continuing Financing Activities	-28	-61	-9.56	319	-33	-27	-43	-85	8.10	-123	-25
Repayment of Debt	-3.52	-3.45	-3.46	-416	-38	-42	-158	-370	-19	-120	-45
Repurchase of Common Equity	-14	-46	-13	-	-	0.00	0.00	-15	-5.00	-22	-20
Payment of Dividends	-14	-14	-14	-15	-15	-17	-16	-18	-19	-20	-21
Issuance of Debt	0.00	0.00	15	743	15	25	126	316	52	20	41
Issuance of Common Equity	2.27	1.68	5.27	6.90	5.90	6.10	4.90	5.00	-0.90	19	20
Other Financing Activities, net	1.79	0.86	0.69	0.30	0.00	-0.20	-0.20	-2.40	0.00	0.20	0.00
Effect of Exchange Rate Changes	-1.48	-1.91	-	-	-	-	5.30	-4.00	-4.70	-2.90	-3.40
Cash Interest Paid	1.47	1.17	1.14	14	22	20	18	12	7.60	17	14
Cash Income Taxes Paid	11	23	14	14	11	22	12	20	34	40	30

This table details how cash moves in and out of Tennant's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-15	18	14	4.40	1.20	20	-28	-4.20	6.70	8.50
Net Cash From Operating Activities	-15	14	31	39	54	64	2.90	19	31	38
Net Cash From Continuing Operating Activities	-15	14	31	39	54	64	2.90	19	31	38
Net Income / (Loss) Continuing Operations	16	24	24	31	23	31	28	28	21	6.60
Consolidated Net Income / (Loss)	16	24	24	31	23	31	28	28	21	6.60
Depreciation Expense	7.60	8.80	8.30	8.90	9.20	10	9.60	9.90	10	11
Amortization Expense	3.70	3.80	3.90	3.60	3.50	3.70	3.90	3.90	3.60	3.60
Non-Cash Adjustments To Reconcile Net Income	1.70	5.50	2.40	3.60	6.30	4.00	3.60	2.60	5.50	4.20
Changes in Operating Assets and Liabilities, net	-44	-28	-7.80	-8.30	13	15	-43	-26	-9.30	13
Net Cash From Investing Activities	-8.90	-5.50	-6.80	-5.20	-3.20	-8.00	-61	-4.30	-4.20	-9.30
Net Cash From Continuing Investing Activities	-8.90	-5.50	-6.80	-5.20	-3.20	-8.00	-61	-4.30	-4.20	-9.30
Purchase of Property, Plant & Equipment	-8.90	-5.60	-7.00	-5.30	-3.50	-7.00	-3.20	-4.30	-4.40	-9.00
Other Investing Activities, net	-	0.10	0.20	0.10	0.30	-1.00	0.20	0.20	0.20	-0.30
Net Cash From Financing Activities	11	9.30	-10	-28	-49	-36	27	-15	-21	-17
Net Cash From Continuing Financing Activities	11	9.30	-10	-28	-49	-36	27	-15	-21	-17
Repayment of Debt	-1.40	-1.10	-21	-21	-56	-21	-26	-1.30	-7.20	-10
Repurchase of Common Equity	-	-5.00	-5.00	-5.00	-1.70	-10	-1.10	-8.00	-8.00	-2.50
Payment of Dividends	-4.80	-4.90	-4.90	-4.90	-5.00	-5.30	-5.30	-5.30	-5.30	-5.50
Issuance of Debt	17	20	20	-	-	-	40	-	-	0.90
Effect of Exchange Rate Changes	-1.50	0.70	0.00	-1.70	-1.00	-0.20	2.50	-4.00	0.70	-2.60
Cash Interest Paid	2.90	2.20	4.50	5.90	4.30	2.40	4.50	3.20	3.60	2.30
Cash Income Taxes Paid	11	12	0.80	12	17	10	1.60	17	9.30	2.30

This table presents Tennant's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	487	432	470	994	993	1,063	1,083	1,062	1,085	1,113	1,190
Total Current Assets	347	294	298	423	469	481	494	527	575	569	577
Restricted Cash	0.35	0.64	0.52	0.65	86	-	141	124	77	117	100
Accounts Receivable	152	140	149	210	216	223	200	211	252	248	259
Inventories, net	81	77	79	128	135	150	128	161	207	176	184
Prepaid Expenses	9.55	15	9.20	19	31	33	25	31	40	29	34
Plant, Property, & Equipment, net	87	95	112	180	163	173	186	173	180	188	184
Total Noncurrent Assets	53	44	60	391	361	409	404	362	330	357	429
Goodwill	18	17	21	186	183	195	208	193	182	187	186
Intangible Assets	16	3.20	6.46	172	147	138	126	98	76	63	59
Other Noncurrent Operating Assets	11	12	19	21	31	47	70	71	72	106	185
Total Liabilities & Shareholders' Equity	487	432	470	994	993	1,063	1,083	1,062	1,085	1,113	1,190
Total Liabilities	206	180	191	696	676	702	677	627	613	535	568
Total Current Liabilities	146	133	133	237	249	275	254	290	262	274	292
Short-Term Debt	3.57	3.46	3.46	31	27	31	11	4.20	5.20	6.40	1.30
Accounts Payable	62	50	47	96	98	94	106	122	126	111	127
Current Employee Benefit Liabilities	34	35	36	37	56	64	54	61	44	67	61
Other Current Liabilities	46	43	44	69	67	86	83	104	86	89	104
Total Noncurrent Liabilities	61	47	59	459	427	427	422	336	351	261	276
Long-Term Debt	25	21	33	346	328	308	298	263	295	194	198
Capital Lease Obligations	-	-	-	-	0.00	-	29	25	17	27	36
Noncurrent Deferred & Payable Income Tax Liabilities	5.99	0.01	0.17	53	46	42	39	21	12	5.00	4.90
Noncurrent Employee Benefit Liabilities	26	22	21	24	21	19	18	16	13	13	14
Other Noncurrent Operating Liabilities	4.38	4.17	4.63	36	32	58	39	11	15	22	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	281	252	279	298	316	361	406	435	472	578	622
Total Preferred & Common Equity	281	252	279	297	314	360	405	434	471	577	621
Total Common Equity	281	252	279	297	314	360	405	434	471	577	621
Common Stock	33	6.65	10	22	35	52	62	61	63	72	84
Retained Earnings	286	294	318	297	316	346	363	411	458	547	610
Accumulated Other Comprehensive Income / (Loss)	-39	-48	-50	-22	-37	-39	-20	-38	-50	-42	-73
Noncontrolling Interest	-	-	0.00	1.97	1.90	1.40	1.30	1.30	1.30	1.30	1.30

This table presents Tennant's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,005	1,101	1,108	1,059	1,152	1,168	1,216
Total Current Assets	522	582	590	555	561	578	594
Restricted Cash	59	91	96	97	89	85	91
Accounts Receivable	219	254	264	242	257	269	260
Inventories, net	200	204	198	185	181	190	202
Prepaid Expenses	44	33	32	31	34	35	41
Plant, Property, & Equipment, net	166	183	185	182	185	179	184
Total Noncurrent Assets	317	336	334	323	406	410	439
Goodwill	169	185	186	181	192	191	198
Intangible Assets	74	73	70	64	72	68	66
Other Noncurrent Operating Assets	74	77	79	78	141	152	174
Total Liabilities & Shareholders' Equity	1,005	1,101	1,108	1,059	1,152	1,168	1,216
Total Liabilities	579	608	586	513	536	542	568
Total Current Liabilities	244	257	258	245	260	266	274
Short-Term Debt	5.30	5.30	5.30	5.90	7.20	7.80	0.60
Accounts Payable	110	118	113	99	125	129	128
Current Employee Benefit Liabilities	47	45	52	62	47	52	59
Other Current Liabilities	82	89	88	78	82	78	86
Total Noncurrent Liabilities	334	351	329	268	275	275	294
Long-Term Debt	276	294	273	216	207	206	209
Capital Lease Obligations	17	18	17	19	27	30	35
Noncurrent Deferred & Payable Income Tax Liabilities	16	11	9.70	8.60	8.40	7.90	7.90
Noncurrent Employee Benefit Liabilities	16	13	13	13	14	13	14
Other Noncurrent Operating Liabilities	9.00	15	16	12	19	19	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	427	493	522	546	616	626	649
Total Preferred & Common Equity	425	492	521	545	615	625	647
Total Common Equity	425	492	521	545	615	625	647
Common Stock	64	60	61	78	94	88	84
Retained Earnings	439	477	504	522	571	593	609
Accumulated Other Comprehensive Income / (Loss)	-78	-46	-44	-55	-50	-56	-45
Noncontrolling Interest	1.30	1.30	1.30	1.30	1.30	1.30	1.30

This table displays calculated financial ratios and metrics derived from Tennant's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.30%	-1.24%	-0.40%	24.06%	12.00%	1.26%	-12.01%	8.97%	0.13%	13.86%	3.47%
EBITDA Growth	11.69%	-23.54%	23.20%	-22.09%	69.01%	11.78%	-11.33%	30.29%	-7.20%	39.25%	-10.30%
EBIT Growth	15.85%	-27.33%	30.79%	-67.82%	158.53%	27.99%	-18.52%	58.46%	-6.58%	58.55%	-17.04%
NOPAT Growth	25.25%	-35.56%	41.43%	-51.73%	134.95%	12.45%	-14.42%	57.12%	-11.39%	68.58%	-25.53%
Net Income Growth	25.90%	-36.65%	45.27%	-113.30%	640.32%	37.01%	-26.58%	92.58%	2.16%	65.16%	-23.56%
EPS Growth	26.17%	-35.56%	48.85%	-113.51%	620.00%	36.26%	-27.02%	90.06%	3.20%	64.23%	-24.87%
Operating Cash Flow Growth	-0.76%	-23.80%	27.96%	-6.35%	47.60%	-10.13%	86.09%	-48.13%	-136.17%	850.60%	-52.39%
Free Cash Flow Firm Growth	25.44%	-40.04%	-66.79%	-3,397.64%	125.29%	-75.56%	262.13%	5.88%	-143.67%	517.14%	-84.61%
Invested Capital Growth	0.56%	1.43%	17.22%	140.55%	-5.02%	6.87%	-3.71%	0.37%	17.80%	-3.22%	10.00%
Revenue Q/Q Growth	2.64%	-1.27%	0.73%	7.22%	0.53%	0.84%	-2.12%	0.31%	1.35%	1.67%	1.38%
EBITDA Q/Q Growth	4.63%	-6.42%	5.33%	-7.09%	4.98%	4.04%	-7.98%	2.68%	12.38%	-1.31%	-9.24%
EBIT Q/Q Growth	6.16%	-7.88%	6.66%	-40.10%	12.45%	8.30%	-15.71%	4.86%	22.32%	-2.56%	-13.38%
NOPAT Q/Q Growth	17.90%	-12.39%	5.24%	-11.84%	15.16%	5.59%	-15.88%	3.52%	33.25%	6.38%	-21.80%
Net Income Q/Q Growth	16.68%	-11.93%	4.89%	-150.19%	48.78%	7.75%	-20.33%	9.08%	31.55%	7.04%	-22.57%
EPS Q/Q Growth	16.38%	-10.31%	4.86%	-151.47%	50.41%	6.90%	-20.26%	9.21%	31.97%	6.58%	-22.75%
Operating Cash Flow Q/Q Growth	-0.78%	-15.36%	21.57%	-4.44%	21.81%	-12.95%	8.60%	-30.04%	22.29%	36.23%	-22.67%
Free Cash Flow Firm Q/Q Growth	26.15%	-42.99%	172.45%	-0.28%	18.47%	1.54%	-30.28%	-22.14%	14.36%	58.76%	354.08%
Invested Capital Q/Q Growth	-2.66%	6.08%	-3.54%	-1.84%	-2.94%	-2.31%	1.36%	5.89%	6.89%	-0.09%	-5.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.88%	43.00%	43.48%	39.86%	39.61%	40.59%	40.74%	40.15%	38.54%	42.44%	42.75%
EBITDA Margin	11.07%	8.57%	10.60%	6.66%	10.05%	11.09%	11.18%	13.37%	12.39%	15.15%	13.13%
Operating Margin	8.77%	6.55%	8.44%	3.29%	5.16%	6.31%	6.36%	8.59%	7.98%	11.15%	8.88%
EBIT Margin	8.63%	6.35%	8.34%	2.16%	4.99%	6.31%	5.84%	8.50%	7.93%	11.04%	8.85%
Profit (Net Income) Margin	6.16%	3.95%	5.77%	-0.62%	2.98%	4.03%	3.37%	5.95%	6.07%	8.81%	6.51%
Tax Burden Percent	72.84%	63.64%	70.11%	476.92%	93.58%	85.00%	82.00%	87.58%	83.40%	88.45%	79.87%
Interest Burden Percent	98.00%	97.79%	98.59%	-5.99%	63.81%	75.21%	70.26%	79.94%	91.80%	90.17%	92.01%
Effective Tax Rate	27.16%	36.36%	29.89%	0.00%	6.42%	15.00%	18.00%	12.42%	16.60%	11.55%	20.13%
Return on Invested Capital (ROIC)	24.44%	15.59%	20.16%	5.30%	9.03%	10.08%	8.51%	13.60%	11.05%	17.50%	12.61%
ROIC Less NNEP Spread (ROIC-NNEP)	27.69%	19.14%	24.60%	-14.54%	1.95%	4.41%	0.46%	4.21%	7.91%	10.04%	6.47%
Return on Net Nonoperating Assets (RNNOA)	-5.84%	-3.55%	-2.60%	-7.44%	1.86%	3.47%	0.27%	1.83%	3.57%	3.35%	1.33%
Return on Equity (ROE)	18.60%	12.04%	17.57%	-2.15%	10.90%	13.55%	8.78%	15.43%	14.62%	20.85%	13.95%
Cash Return on Invested Capital (CROIC)	23.88%	14.18%	4.31%	-77.25%	14.19%	3.44%	12.29%	13.24%	-5.30%	20.77%	3.09%
Operating Return on Assets (OROA)	15.05%	11.22%	14.95%	2.96%	5.65%	6.99%	5.45%	8.65%	8.07%	12.49%	9.89%
Return on Assets (ROA)	10.74%	6.98%	10.33%	-0.85%	3.37%	4.47%	3.14%	6.05%	6.18%	9.96%	7.27%
Return on Common Equity (ROCE)	18.60%	12.04%	17.57%	-2.14%	10.83%	13.48%	8.75%	15.38%	14.57%	20.80%	13.92%
Return on Equity Simple (ROE_SIMPLE)	18.05%	12.72%	16.73%	-2.09%	10.66%	12.75%	8.33%	14.96%	14.08%	18.98%	13.48%
Net Operating Profit after Tax (NOPAT)	53	34	48	23	54	61	52	82	73	123	91
NOPAT Margin	6.39%	4.17%	5.92%	2.30%	4.83%	5.36%	5.22%	7.52%	6.66%	9.86%	7.09%
Net Nonoperating Expense Percent (NNEP)	-3.25%	-3.54%	-4.44%	19.84%	7.08%	5.68%	8.05%	9.39%	3.14%	7.46%	6.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	9.21%	15.20%	10.64%
Cost of Revenue to Revenue	57.12%	57.00%	56.52%	60.14%	60.39%	59.41%	59.26%	59.85%	61.46%	57.56%	57.26%
SG&A Expenses to Revenue	30.52%	31.08%	30.74%	33.38%	31.71%	31.40%	31.37%	29.51%	28.04%	28.35%	30.46%
R&D to Revenue	3.58%	3.99%	4.30%	3.19%	2.73%	2.87%	3.01%	2.95%	2.85%	2.94%	3.40%
Operating Expenses to Revenue	34.10%	36.45%	35.04%	36.57%	34.45%	34.27%	34.38%	31.56%	30.55%	31.30%	33.86%
Earnings before Interest and Taxes (EBIT)	71	52	67	22	56	72	59	93	87	137	114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	91	70	86	67	113	126	112	146	135	188	169
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.18	3.56	4.09	4.02	2.79	3.73	3.06	3.35	2.37	2.97	2.48
Price to Tangible Book Value (P/TBV)	4.76	3.87	4.54	0.00	0.00	49.50	17.48	10.17	5.26	5.24	4.09
Price to Revenue (P/Rev)	1.43	1.11	1.41	1.19	0.78	1.18	1.24	1.33	1.02	1.38	1.20
Price to Earnings (P/E)	23.17	28.00	24.43	0.00	26.30	29.29	36.72	22.36	16.84	15.63	18.38
Dividend Yield	1.22%	1.59%	1.25%	1.26%	1.75%	1.20%	1.33%	1.20%	1.69%	1.17%	1.39%
Earnings Yield	4.32%	3.57%	4.09%	0.00%	3.80%	3.41%	2.72%	4.47%	5.94%	6.40%	5.44%
Enterprise Value to Invested Capital (EV/IC)	5.14	3.99	4.36	2.45	1.96	2.57	2.38	2.68	1.91	2.65	2.21
Enterprise Value to Revenue (EV/Rev)	1.35	1.07	1.38	1.51	1.02	1.41	1.43	1.49	1.24	1.47	1.30
Enterprise Value to EBITDA (EV/EBITDA)	12.18	12.52	13.02	22.62	10.18	12.74	12.82	11.12	10.04	9.68	9.92
Enterprise Value to EBIT (EV/EBIT)	15.62	16.89	16.56	69.64	20.48	22.38	24.53	17.50	15.68	13.28	14.71
Enterprise Value to NOPAT (EV/NOPAT)	21.11	25.74	23.33	65.42	21.17	26.33	27.48	19.76	18.67	14.88	18.36
Enterprise Value to Operating Cash Flow (EV/OCF)	18.67	19.26	19.29	27.88	14.36	22.35	10.73	23.37	0.00	9.68	18.68
Enterprise Value to Free Cash Flow (EV/FCFF)	21.60	28.31	109.26	0.00	13.48	77.16	19.02	20.31	0.00	12.54	74.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.10	0.13	1.26	1.12	0.94	0.83	0.67	0.67	0.39	0.38
Long-Term Debt to Equity	0.09	0.08	0.12	1.16	1.04	0.85	0.80	0.66	0.66	0.38	0.38
Financial Leverage	-0.21	-0.19	-0.11	0.51	0.95	0.79	0.60	0.43	0.45	0.33	0.21
Leverage Ratio	1.73	1.73	1.70	2.54	3.23	3.03	2.80	2.55	2.37	2.09	1.92
Compound Leverage Factor	1.70	1.69	1.68	-0.15	2.06	2.28	1.96	2.04	2.17	1.89	1.77
Debt to Total Capital	9.11%	8.90%	11.50%	55.80%	52.89%	48.39%	45.37%	40.24%	40.20%	28.28%	27.49%
Short-Term Debt to Total Capital	1.15%	1.25%	1.10%	4.57%	4.02%	4.47%	1.47%	0.58%	0.66%	0.79%	0.15%
Long-Term Debt to Total Capital	7.96%	7.66%	10.40%	51.23%	48.87%	43.92%	43.90%	39.66%	39.54%	27.48%	27.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.29%	0.28%	0.20%	0.17%	0.18%	0.16%	0.16%	0.15%
Common Equity to Total Capital	90.89%	91.10%	88.50%	43.91%	46.83%	51.41%	54.46%	59.58%	59.63%	71.56%	72.36%
Debt to EBITDA	0.31	0.35	0.42	5.64	3.15	2.68	3.01	2.01	2.35	1.21	1.40
Net Debt to EBITDA	-0.72	-0.39	-0.26	4.76	2.38	2.09	1.75	1.16	1.77	0.59	0.80
Long-Term Debt to EBITDA	0.27	0.30	0.38	5.18	2.91	2.44	2.92	1.98	2.31	1.18	1.39
Debt to NOPAT	0.54	0.73	0.76	16.31	6.54	5.55	6.46	3.57	4.36	1.86	2.58
Net Debt to NOPAT	-1.24	-0.81	-0.47	13.76	4.96	4.33	3.76	2.06	3.30	0.90	1.49
Long-Term Debt to NOPAT	0.47	0.63	0.68	14.98	6.05	5.04	6.25	3.52	4.29	1.81	2.57
Altman Z-Score	6.90	6.66	7.13	2.75	2.81	3.13	2.94	3.51	3.30	4.45	4.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.34%	0.63%	0.49%	0.35%	0.31%	0.29%	0.25%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.38	2.20	2.24	1.79	1.88	1.75	1.94	1.81	2.20	2.08	1.97
Quick Ratio	1.68	1.44	1.56	1.13	0.87	1.08	0.79	0.73	0.96	0.90	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	31	10	-337	85	21	75	80	-35	145	22
Operating Cash Flow to CapEx	307.70%	185.04%	223.37%	302.79%	427.81%	187.73%	448.99%	357.73%	-100.40%	826.32%	429.19%
Free Cash Flow to Firm to Interest Expense	29.80	23.43	7.99	-13.27	3.66	1.17	0.00	7.07	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	34.47	34.45	45.25	2.13	3.43	4.04	0.00	6.14	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	23.27	15.83	24.99	1.43	2.63	1.89	0.00	4.42	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.74	1.77	1.79	1.37	1.13	1.11	0.93	1.02	1.02	1.13	1.12
Accounts Receivable Turnover	5.62	5.54	5.58	5.59	5.28	5.18	4.73	5.30	4.72	4.98	5.08
Inventory Turnover	6.37	5.86	5.86	5.85	5.16	4.74	4.27	4.53	3.66	3.74	4.10
Fixed Asset Turnover	9.67	8.95	7.81	6.87	6.54	6.76	5.58	6.09	6.19	6.77	6.92
Accounts Payable Turnover	8.19	8.26	9.35	8.41	6.98	7.02	5.92	5.73	5.42	6.03	6.18
Days Sales Outstanding (DSO)	64.96	65.83	65.36	65.25	69.15	70.51	77.16	68.81	77.35	73.24	71.87
Days Inventory Outstanding (DIO)	57.30	62.24	62.27	62.41	70.69	77.01	85.47	80.60	99.83	97.52	89.11
Days Payable Outstanding (DPO)	44.58	44.16	39.04	43.41	52.31	51.98	61.65	63.68	67.31	60.55	59.03
Cash Conversion Cycle (CCC)	77.67	83.90	88.59	84.26	87.53	95.54	100.97	85.73	109.86	110.21	101.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	215	219	256	616	585	626	602	605	712	689	758
Invested Capital Turnover	3.83	3.74	3.41	2.30	1.87	1.88	1.63	1.81	1.66	1.77	1.78
Increase / (Decrease) in Invested Capital	1.20	3.07	38	360	-31	40	-23	2.20	108	-23	69
Enterprise Value (EV)	1,108	871	1,117	1,511	1,149	1,607	1,435	1,622	1,358	1,824	1,676
Market Capitalization	1,174	898	1,139	1,191	878	1,342	1,238	1,451	1,117	1,712	1,539
Book Value per Share	$15.25	$14.14	$15.80	$16.61	$17.35	$19.70	$21.91	$23.40	$25.32	$30.89	$32.89
Tangible Book Value per Share	$13.41	$13.02	$14.24	($3.47)	($0.82)	$1.48	$3.83	$7.70	$11.42	$17.48	$19.95
Total Capital	309	277	315	675	671	700	743	728	790	806	858
Total Debt	28	25	36	377	355	339	337	293	317	228	236
Total Long-Term Debt	25	21	33	346	328	308	326	289	312	222	235
Net Debt	-65	-27	-22	318	269	264	196	169	240	111	136
Capital Expenditures (CapEx)	19	24	26	18	19	38	30	19	25	23	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	112	112	110	158	161	163	109	117	242	185	186
Debt-free Net Working Capital (DFNWC)	205	164	169	217	247	237	250	241	319	302	286
Net Working Capital (NWC)	201	160	165	187	220	206	239	237	314	295	284
Net Nonoperating Expense (NNE)	1.86	1.75	1.24	29	21	15	19	17	6.42	13	7.59
Net Nonoperating Obligations (NNO)	-65	-34	-22	318	269	264	196	169	240	111	136
Total Depreciation and Amortization (D&A)	20	18	18	45	57	54	53	53	49	51	55
Debt-free, Cash-free Net Working Capital to Revenue	13.59%	13.79%	13.60%	15.80%	14.29%	14.31%	10.91%	10.74%	22.11%	14.85%	14.45%
Debt-free Net Working Capital to Revenue	24.94%	20.19%	20.85%	21.68%	21.96%	20.87%	25.00%	22.07%	29.20%	24.27%	22.20%
Net Working Capital to Revenue	24.51%	19.76%	20.42%	18.60%	19.56%	18.12%	23.91%	21.68%	28.72%	23.75%	22.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.78	$1.78	$2.66	($0.35)	$1.86	$2.53	$1.84	$3.51	$3.58	$5.92	$4.46
Adjusted Weighted Average Basic Shares Outstanding	18.22M	18.02M	17.52M	17.70M	17.94M	18.12M	18.35M	18.50M	18.49M	18.51M	18.79M
Adjusted Diluted Earnings per Share	$2.70	$1.74	$2.59	($0.35)	$1.82	$2.48	$1.81	$3.44	$3.55	$5.83	$4.38
Adjusted Weighted Average Diluted Shares Outstanding	18.74M	18.49M	17.98M	17.70M	18.34M	18.45M	18.64M	18.85M	18.70M	18.78M	19.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.42M	17.65M	17.70M	17.88M	18.12M	18.35M	18.52M	18.53M	18.52M	18.62M	18.82M
Normalized Net Operating Profit after Tax (NOPAT)	53	41	48	23	54	61	52	73	70	123	91
Normalized NOPAT Margin	6.39%	5.05%	5.92%	2.30%	4.83%	5.36%	5.22%	6.74%	6.38%	9.86%	7.09%
Pre Tax Income Margin	8.46%	6.21%	8.22%	-0.13%	3.19%	4.75%	4.11%	6.79%	7.28%	9.96%	8.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	41.21	39.27	52.73	0.85	2.41	4.03	0.00	8.20	0.00	0.00	0.00
NOPAT to Interest Expense	30.50	25.77	37.42	0.91	2.33	3.43	0.00	7.26	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	30.00	20.66	32.47	0.15	1.61	1.88	0.00	6.49	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	19.29	7.16	17.16	0.20	1.53	1.28	0.00	5.55	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.60%	45.18%	30.66%	-241.94%	45.67%	35.95%	48.66%	26.96%	28.51%	18.36%	25.57%
Augmented Payout Ratio	56.43%	188.53%	58.04%	-241.94%	45.67%	35.95%	48.66%	50.08%	36.05%	38.17%	48.98%

This table displays calculated financial ratios and metrics derived from Tennant's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.35%	5.28%	18.48%	14.81%	15.90%	7.01%	1.70%	2.89%	3.64%	5.62%
EBITDA Growth	-7.50%	57.75%	72.92%	67.86%	37.84%	-6.14%	6.26%	-5.67%	-4.36%	-45.03%
EBIT Growth	-3.93%	128.46%	138.00%	104.19%	50.91%	-12.81%	4.76%	-10.25%	-9.04%	-71.84%
NOPAT Growth	-26.83%	206.73%	166.49%	83.03%	57.62%	26.16%	11.30%	-14.47%	-12.91%	-72.59%
Net Income Growth	-27.44%	201.27%	135.92%	88.55%	46.79%	30.25%	16.87%	-10.86%	-9.17%	-78.71%
EPS Growth	-27.19%	204.76%	136.36%	88.76%	45.78%	28.13%	14.62%	-13.69%	-9.92%	-78.66%
Operating Cash Flow Growth	-160.56%	110.77%	407.92%	389.63%	457.89%	365.69%	-90.68%	-52.43%	-43.57%	-41.22%
Free Cash Flow Firm Growth	-269.26%	-1,293.69%	9.20%	30.95%	103.79%	171.57%	68.19%	15.03%	-3,078.75%	-203.51%
Invested Capital Growth	16.69%	17.80%	13.91%	11.39%	3.54%	-3.22%	6.90%	8.72%	16.21%	10.00%
Revenue Q/Q Growth	-6.17%	10.69%	5.09%	5.20%	-5.28%	2.20%	-0.13%	6.43%	-4.59%	4.15%
EBITDA Q/Q Growth	-0.89%	22.22%	17.69%	17.75%	-18.62%	-16.78%	33.25%	4.52%	-17.48%	-52.16%
EBIT Q/Q Growth	2.33%	27.73%	27.05%	22.97%	-24.37%	-26.20%	52.65%	5.35%	-23.35%	-77.15%
NOPAT Q/Q Growth	-9.57%	62.30%	-0.38%	25.17%	-22.12%	29.90%	-12.11%	-3.81%	-20.70%	-59.11%
Net Income Q/Q Growth	-6.02%	52.56%	2.10%	28.81%	-26.84%	35.37%	-8.39%	-1.76%	-25.45%	-68.27%
EPS Q/Q Growth	-6.74%	54.22%	1.56%	29.23%	-27.98%	35.54%	-9.15%	-2.68%	-24.83%	-67.89%
Operating Cash Flow Q/Q Growth	-12.59%	190.13%	127.01%	25.72%	39.13%	17.28%	-95.45%	541.38%	65.05%	22.15%
Free Cash Flow Firm Q/Q Growth	-36.52%	-2.29%	24.55%	34.46%	107.50%	1,829.36%	-133.54%	-75.07%	-162.96%	32.96%
Invested Capital Q/Q Growth	2.86%	6.89%	1.00%	0.32%	-4.39%	-0.09%	11.55%	2.03%	2.19%	-5.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.30%	39.59%	41.04%	43.36%	43.32%	42.00%	44.21%	43.11%	42.37%	41.35%
EBITDA Margin	12.67%	13.99%	15.66%	17.53%	15.06%	12.27%	16.37%	16.07%	13.90%	6.38%
Operating Margin	8.14%	9.76%	11.74%	13.52%	11.39%	7.87%	12.06%	11.66%	9.69%	2.31%
EBIT Margin	8.37%	9.66%	11.67%	13.65%	10.90%	7.87%	12.03%	11.90%	9.56%	2.10%
Profit (Net Income) Margin	5.93%	8.18%	7.95%	9.73%	7.52%	9.96%	9.13%	8.43%	6.59%	2.01%
Tax Burden Percent	78.79%	96.36%	75.94%	78.45%	76.59%	140.91%	80.91%	75.61%	75.64%	124.53%
Interest Burden Percent	90.00%	87.90%	89.64%	90.89%	90.06%	89.80%	93.85%	93.65%	91.06%	76.81%
Effective Tax Rate	21.21%	3.64%	24.06%	21.55%	23.41%	-40.91%	19.09%	24.39%	24.36%	-24.53%
Return on Invested Capital (ROIC)	11.17%	15.60%	15.05%	18.31%	15.74%	19.68%	16.38%	14.73%	12.47%	5.12%
ROIC Less NNEP Spread (ROIC-NNEP)	10.49%	13.86%	13.64%	16.94%	13.82%	17.67%	15.35%	14.01%	10.89%	2.80%
Return on Net Nonoperating Assets (RNNOA)	4.43%	6.25%	6.16%	7.32%	5.44%	5.90%	5.24%	4.37%	2.70%	0.58%
Return on Equity (ROE)	15.60%	21.86%	21.21%	25.63%	21.18%	25.58%	21.62%	19.11%	15.18%	5.69%
Cash Return on Invested Capital (CROIC)	-6.58%	-5.30%	0.33%	4.62%	13.52%	20.77%	10.20%	7.63%	0.66%	3.09%
Operating Return on Assets (OROA)	8.70%	9.83%	12.37%	15.11%	12.91%	8.90%	13.33%	13.16%	10.67%	2.34%
Return on Assets (ROA)	6.17%	8.32%	8.42%	10.78%	8.91%	11.26%	10.13%	9.32%	7.35%	2.24%
Return on Common Equity (ROCE)	15.56%	21.79%	21.15%	25.56%	21.12%	25.52%	21.57%	19.06%	15.15%	5.68%
Return on Equity Simple (ROE_SIMPLE)	11.85%	0.00%	16.32%	18.25%	18.77%	0.00%	18.48%	17.64%	16.70%	0.00%
Net Operating Profit after Tax (NOPAT)	17	27	27	34	27	35	30	29	23	9.46
NOPAT Margin	6.41%	9.40%	8.91%	10.61%	8.72%	11.09%	9.76%	8.82%	7.33%	2.88%
Net Nonoperating Expense Percent (NNEP)	0.69%	1.74%	1.41%	1.37%	1.92%	2.01%	1.03%	0.72%	1.58%	2.32%
Return On Investment Capital (ROIC_SIMPLE)	-	3.47%	-	-	-	4.28%	-	-	-	1.10%
Cost of Revenue to Revenue	61.70%	60.41%	58.96%	56.64%	56.68%	58.00%	55.79%	56.89%	57.63%	58.65%
SG&A Expenses to Revenue	27.16%	27.22%	26.72%	27.04%	28.95%	30.73%	28.91%	28.07%	29.35%	35.39%
R&D to Revenue	3.00%	2.61%	2.58%	2.80%	2.99%	3.40%	3.25%	3.38%	3.32%	3.65%
Operating Expenses to Revenue	30.16%	29.83%	29.30%	29.84%	31.93%	34.14%	32.15%	31.45%	32.68%	39.04%
Earnings before Interest and Taxes (EBIT)	22	28	36	44	33	25	37	39	30	6.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	41	48	56	46	38	51	53	44	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.42	2.37	2.54	2.85	2.50	2.97	3.69	3.00	2.81	2.48
Price to Tangible Book Value (P/TBV)	5.63	5.26	5.35	5.59	4.54	5.24	6.47	5.11	4.75	4.09
Price to Revenue (P/Rev)	0.95	1.02	1.10	1.26	1.11	1.38	1.81	1.49	1.43	1.20
Price to Earnings (P/E)	20.38	16.84	15.57	15.62	13.32	15.63	19.94	16.98	16.80	18.38
Dividend Yield	1.81%	1.69%	1.53%	1.30%	1.45%	1.17%	0.90%	1.12%	1.17%	1.39%
Earnings Yield	4.91%	5.94%	6.42%	6.40%	7.51%	6.40%	5.01%	5.89%	5.95%	5.44%
Enterprise Value to Invested Capital (EV/IC)	1.90	1.91	2.05	2.34	2.19	2.65	3.15	2.59	2.46	2.21
Enterprise Value to Revenue (EV/Rev)	1.18	1.24	1.30	1.43	1.23	1.47	1.94	1.61	1.55	1.30
Enterprise Value to EBITDA (EV/EBITDA)	10.53	10.04	9.50	9.45	7.90	9.68	12.64	10.79	10.58	9.92
Enterprise Value to EBIT (EV/EBIT)	17.91	15.68	13.77	12.99	10.70	13.28	17.41	15.10	14.98	14.71
Enterprise Value to NOPAT (EV/NOPAT)	23.24	18.67	16.42	15.98	13.08	14.88	19.28	16.88	16.88	18.36
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	91.78	24.52	10.90	9.68	15.10	14.54	16.98	18.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	669.91	53.24	16.45	12.54	31.88	35.36	399.58	74.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.67	0.64	0.57	0.44	0.39	0.39	0.39	0.38	0.38
Long-Term Debt to Equity	0.69	0.66	0.63	0.56	0.43	0.38	0.38	0.38	0.38	0.38
Financial Leverage	0.42	0.45	0.45	0.43	0.39	0.33	0.34	0.31	0.25	0.21
Leverage Ratio	2.38	2.37	2.31	2.23	2.12	2.09	2.03	1.98	1.90	1.92
Compound Leverage Factor	2.14	2.08	2.07	2.03	1.91	1.88	1.91	1.86	1.73	1.47
Debt to Total Capital	41.20%	40.20%	39.16%	36.14%	30.57%	28.28%	28.18%	27.97%	27.37%	27.49%
Short-Term Debt to Total Capital	0.73%	0.66%	0.65%	0.65%	0.75%	0.79%	0.84%	0.90%	0.07%	0.15%
Long-Term Debt to Total Capital	40.47%	39.54%	38.50%	35.49%	29.82%	27.48%	27.34%	27.08%	27.30%	27.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.18%	0.16%	0.16%	0.16%	0.17%	0.16%	0.15%	0.15%	0.15%	0.15%
Common Equity to Total Capital	58.62%	59.63%	60.68%	63.70%	69.27%	71.56%	71.67%	71.88%	72.48%	72.36%
Debt to EBITDA	2.48	2.35	2.04	1.66	1.26	1.21	1.26	1.29	1.31	1.40
Net Debt to EBITDA	1.99	1.77	1.45	1.12	0.75	0.59	0.80	0.84	0.82	0.80
Long-Term Debt to EBITDA	2.44	2.31	2.01	1.63	1.23	1.18	1.23	1.25	1.31	1.39
Debt to NOPAT	5.48	4.36	3.53	2.80	2.09	1.86	1.93	2.02	2.09	2.58
Net Debt to NOPAT	4.39	3.30	2.51	1.89	1.25	0.90	1.22	1.32	1.31	1.49
Long-Term Debt to NOPAT	5.38	4.29	3.47	2.75	2.04	1.81	1.87	1.96	2.09	2.57
Altman Z-Score	3.15	3.12	3.34	3.71	3.89	4.12	4.74	4.29	4.06	3.73
Noncontrolling Interest Sharing Ratio	0.30%	0.29%	0.28%	0.27%	0.27%	0.25%	0.23%	0.23%	0.22%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.14	2.20	2.27	2.29	2.27	2.08	2.15	2.17	2.17	1.97
Quick Ratio	0.90	0.96	0.99	1.02	0.99	0.90	0.99	1.01	0.95	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-78	-80	-61	-40	2.98	57	-19	-34	-89	-59
Operating Cash Flow to CapEx	-170.79%	244.64%	444.29%	737.74%	1,554.29%	911.43%	90.63%	432.56%	697.73%	416.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-9.92	0.90	0.00	0.00	-13.49	-32.84	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	9.78	16.48	0.00	0.00	7.44	11.37	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	8.45	15.42	0.00	0.00	5.72	9.74	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.02	1.06	1.11	1.19	1.13	1.11	1.11	1.12	1.12
Accounts Receivable Turnover	5.16	4.72	5.02	4.93	5.30	4.98	4.88	4.73	5.06	5.08
Inventory Turnover	3.75	3.66	3.57	3.62	3.70	3.74	3.68	3.69	3.75	4.10
Fixed Asset Turnover	6.42	6.19	6.44	6.68	7.03	6.77	6.80	6.91	6.94	6.92
Accounts Payable Turnover	5.90	5.42	5.83	6.00	6.82	6.03	5.85	5.92	6.40	6.18
Days Sales Outstanding (DSO)	70.74	77.35	72.65	74.03	68.81	73.24	74.77	77.22	72.20	71.87
Days Inventory Outstanding (DIO)	97.30	99.83	102.27	100.82	98.62	97.52	99.10	99.05	97.35	89.11
Days Payable Outstanding (DPO)	61.82	67.31	62.63	60.81	53.52	60.55	62.42	61.68	57.06	59.03
Cash Conversion Cycle (CCC)	106.22	109.86	112.30	114.04	113.91	110.21	111.45	114.58	112.48	101.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	666	712	719	722	690	689	769	784	802	758
Invested Capital Turnover	1.74	1.66	1.69	1.73	1.80	1.77	1.68	1.67	1.70	1.78
Increase / (Decrease) in Invested Capital	95	108	88	74	24	-23	50	63	112	69
Enterprise Value (EV)	1,268	1,358	1,478	1,685	1,507	1,824	2,420	2,031	1,970	1,676
Market Capitalization	1,027	1,117	1,250	1,484	1,362	1,712	2,265	1,871	1,816	1,539
Book Value per Share	$22.87	$25.32	$26.55	$28.13	$29.33	$30.89	$32.93	$32.86	$34.24	$32.89
Tangible Book Value per Share	$9.82	$11.42	$12.62	$14.34	$16.16	$17.48	$18.76	$19.26	$20.23	$19.95
Total Capital	725	790	811	817	787	806	858	869	893	858
Total Debt	299	317	317	295	241	228	242	243	244	236
Total Long-Term Debt	294	312	312	290	235	222	235	235	244	235
Net Debt	240	240	226	200	144	111	153	159	153	136
Capital Expenditures (CapEx)	8.90	5.60	7.00	5.30	3.50	7.00	3.20	4.30	4.40	9.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	224	242	240	242	219	185	219	235	230	186
Debt-free Net Working Capital (DFNWC)	283	319	331	337	316	302	308	319	321	286
Net Working Capital (NWC)	278	314	326	332	310	295	301	312	320	284
Net Nonoperating Expense (NNE)	1.26	3.57	2.96	2.82	3.68	3.52	1.94	1.29	2.34	2.86
Net Nonoperating Obligations (NNO)	240	240	226	200	144	111	153	159	153	136
Total Depreciation and Amortization (D&A)	11	13	12	13	13	14	14	14	14	14
Debt-free, Cash-free Net Working Capital to Revenue	20.78%	22.11%	21.01%	20.44%	17.88%	14.85%	17.54%	18.66%	18.10%	14.45%
Debt-free Net Working Capital to Revenue	26.27%	29.20%	29.03%	28.55%	25.81%	24.27%	24.66%	25.39%	25.29%	22.20%
Net Working Capital to Revenue	25.78%	28.72%	28.56%	28.10%	25.33%	23.75%	24.08%	24.77%	25.24%	22.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.84	$1.28	$1.32	$1.70	$1.23	$1.67	$1.52	$1.47	$1.11	$0.36
Adjusted Weighted Average Basic Shares Outstanding	18.52M	18.49M	18.45M	18.44M	18.57M	18.51M	18.67M	18.90M	18.81M	18.79M
Adjusted Diluted Earnings per Share	$0.83	$1.28	$1.30	$1.68	$1.21	$1.64	$1.49	$1.45	$1.09	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	18.69M	18.70M	18.68M	18.71M	18.88M	18.78M	19.08M	19.21M	19.09M	19.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.60M	18.52M	18.51M	18.58M	18.68M	18.62M	19.01M	18.90M	18.87M	18.82M
Normalized Net Operating Profit after Tax (NOPAT)	17	27	27	34	27	17	30	29	23	5.32
Normalized NOPAT Margin	6.41%	9.40%	8.91%	10.61%	8.72%	5.51%	9.76%	8.82%	7.33%	1.62%
Pre Tax Income Margin	7.53%	8.49%	10.46%	12.40%	9.81%	7.06%	11.29%	11.15%	8.71%	1.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	10.98	10.06	0.00	0.00	15.76	11.19	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	8.53	8.05	0.00	0.00	11.67	8.57	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	9.65	9.00	0.00	0.00	14.04	9.56	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	7.21	6.99	0.00	0.00	9.95	6.94	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.90%	28.51%	23.91%	20.53%	19.26%	18.36%	18.05%	18.97%	19.61%	25.57%
Augmented Payout Ratio	51.79%	36.05%	36.36%	36.32%	35.58%	38.17%	33.71%	37.84%	44.68%	48.98%

Frequently Asked Questions About Tennant's Financials

When does Tennant's financial year end?

According to the most recent income statement we have on file, Tennant's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tennant's net income changed over the last 10 years?

Tennant's net income appears to be on an upward trend, with a most recent value of $83.70 million in 2024, rising from $50.65 million in 2014. The previous period was $109.50 million in 2023.

What is Tennant's operating income?

Tennant's total operating income in 2024 was $114.30 million, based on the following breakdown:

Total Gross Profit: $550 million
Total Operating Expenses: $435.70 million

How has Tennant revenue changed over the last 10 years?

Over the last 10 years, Tennant's total revenue changed from $821.98 million in 2014 to $1.29 billion in 2024, a change of 56.5%.

How much debt does Tennant have?

Tennant's total liabilities were at $568 million at the end of 2024, a 6.1% increase from 2023, and a 175.4% increase since 2014.

How has Tennant's book value per share changed over the last 10 years?

Over the last 10 years, Tennant's book value per share changed from 15.25 in 2014 to 32.89 in 2024, a change of 115.7%.

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This page (NYSE:TNC) was last updated on 4/18/2025 by MarketBeat.com Staff

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Tennant (TNC) Financials

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Tennant (TNC) Financials

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