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Tennant Company (TNC)


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Upturn Advisory Summary
10/15/2025: TNC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $111
1 Year Target Price $111
2 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 20.43% | Avg. Invested days 65 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.47B USD | Price to earnings Ratio 24.79 | 1Y Target Price 111 |
Price to earnings Ratio 24.79 | 1Y Target Price 111 | ||
Volume (30-day avg) 3 | Beta 1.05 | 52 Weeks Range 66.82 - 93.52 | Updated Date 10/17/2025 |
52 Weeks Range 66.82 - 93.52 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 1.48% | Basic EPS (TTM) 3.21 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.84% | Operating Margin (TTM) 9.7% |
Management Effectiveness
Return on Assets (TTM) 5.04% | Return on Equity (TTM) 9.49% |
Valuation
Trailing PE 24.79 | Forward PE 21.1 | Enterprise Value 1678944134 | Price to Sales(TTM) 1.17 |
Enterprise Value 1678944134 | Price to Sales(TTM) 1.17 | ||
Enterprise Value to Revenue 1.34 | Enterprise Value to EBITDA 11.77 | Shares Outstanding 18469129 | Shares Floating 18202435 |
Shares Outstanding 18469129 | Shares Floating 18202435 | ||
Percent Insiders 1.37 | Percent Institutions 98.76 |
Upturn AI SWOT
Tennant Company

Company Overview
History and Background
Tennant Company was founded in 1870 by George H. Tennant. Initially a woodworking business, it transitioned to manufacturing floor cleaning equipment in the early 20th century. Tennant has grown through innovation and acquisitions to become a global leader in the cleaning industry.
Core Business Areas
- Americas: This segment encompasses Tennant Company's operations in North and South America, focusing on the sale and service of cleaning equipment, parts, and services.
- EMEA: This segment includes Europe, the Middle East, and Africa, with similar product and service offerings as the Americas segment.
- APAC: This segment represents the Asia Pacific region, offering cleaning equipment, parts, and services tailored to the needs of that market.
Leadership and Structure
The CEO is Dave Huml. The company has a functional organizational structure with global operations managed through regional segments.
Top Products and Market Share
Key Offerings
- Product Name 1: Floor Scrubbers: Tennant offers a wide range of floor scrubbers for various applications. Market share data is estimated to be around 20% globally. Competitors include Nilfisk, Hako, and Karcher.
- Product Name 2: Floor Sweepers: Tennant produces industrial and commercial floor sweepers. Market share estimated at 18% globally. Competitors include Nilfisk, Hako, and Karcher.
- Product Name 3: Coatings: Tennant develops and sells floor coatings and related products. These coatings enhance the durability and aesthetics of floors. Key competitors: Sherwin-Williams, PPG Industries
Market Dynamics
Industry Overview
The cleaning equipment industry is driven by increasing demand for hygiene and automation, particularly in commercial and industrial sectors. Factors like urbanization, stricter regulations, and labor shortages are influencing market growth.
Positioning
Tennant Company is a leading player in the global cleaning equipment market, known for its innovative solutions, quality products, and strong brand reputation. It competes on technology, service, and customization.
Total Addressable Market (TAM)
The global commercial cleaning equipment market is projected to reach $40 billion by 2028. Tennant Company, with revenue around $1.2 billion, holds a modest portion of the TAM.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Extensive product portfolio
- Global distribution network
- Focus on innovation and sustainability
Weaknesses
- Higher price point compared to some competitors
- Dependence on economic cycles
- Complexity of service and maintenance requirements
Opportunities
- Growing demand for automated cleaning solutions
- Expansion into emerging markets
- Development of eco-friendly products
- Strategic acquisitions to broaden product offerings
Threats
- Intense competition from established and emerging players
- Economic downturns impacting capital spending
- Fluctuations in raw material prices
- Changing regulatory landscape
Competitors and Market Share
Key Competitors
- NSK
- KEX
- DBI
Competitive Landscape
Tennant Company benefits from a strong brand and a broad product portfolio. Competitors are focused on innovation and price competitiveness. Nilfisk is a major competitor in Europe. Karcher has a strong global presence.
Major Acquisitions
Brain Corp
- Year: 2022
- Acquisition Price (USD millions): 40
- Strategic Rationale: To accelerate the development and deployment of robotic cleaning solutions.
Growth Trajectory and Initiatives
Historical Growth: Tennant Company has achieved steady growth through organic expansion and strategic acquisitions.
Future Projections: Analysts project moderate revenue growth for Tennant Company in the coming years, driven by increasing demand for cleaning solutions and expansion into new markets.
Recent Initiatives: Recent initiatives include investments in R&D, particularly in autonomous cleaning solutions, and strategic acquisitions to expand product offerings and geographic reach.
Summary
Tennant Company is a well-established player in the cleaning equipment market with a strong brand and global presence. It benefits from increasing demand for automated cleaning solutions. The company faces competition and economic uncertainties, but its focus on innovation and strategic acquisitions positions it for continued growth. Tennant should also be aware of the risks that potential market shifts have and will continue to have on Tennant's market performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tennant Company
Exchange NYSE | Headquaters Eden Prairie, MN, United States | ||
IPO Launch date 1992-03-03 | President, CEO & Director Mr. David W. Huml | ||
Sector Industrials | Industry Specialty Industrial Machinery | Full time employees 4500 | Website https://www.tennantco.com |
Full time employees 4500 | Website https://www.tennantco.com |
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments; distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and others. The company markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

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