Tennant Company (TNC) Income Statement
TNC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTNC revenue and net income
Where TNC's revenue goes
2025Each bar shows an amount and its share of revenue. TNC kept 3.6% of revenue as net income.
TNC profit margins
TNC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.5% | +3.3% | +3.8% | +4.0% |
| Gross profit | −11.9% | +4.8% | +3.5% | +3.3% |
| Operating income | −40.2% | −7.8% | +1.4% | +2.5% |
| Net income | −47.7% | −12.9% | +5.4% | +3.2% |
| EPS (diluted) | −30.5% | +3.5% | +9.4% | +6.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TNC quarterly EPS vs estimates
Tennant beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.93).
TNC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.29B | $1.24B | $1.09B | $1.09B | $1.00B | $1.14B | $1.12B | $1.00B | $808.6M |
| Cost of revenue | $719.2M | $736.7M | $715.8M | $671.3M | $652.8M | $593.2M | $675.9M | $678.5M | $598.6M | $457.0M |
| Gross profit | $484.3M | $550.0M | $527.8M | $420.9M | $438.0M | $407.8M | $461.7M | $445.0M | $404.4M | $351.6M |
| Research & development | $41.2M | $43.8M | $36.6M | $31.1M | $32.2M | $30.1M | $32.7M | $30.7M | $32.0M | $34.7M |
| Sales, general & admin | $374.8M | $391.9M | $352.6M | $306.3M | $321.9M | $314.0M | $357.2M | $356.3M | $345.4M | $248.2M |
| Total operating expenses | $416.0M | $435.7M | $389.2M | $333.7M | $344.3M | $344.1M | $389.9M | $387.1M | $377.4M | $282.9M |
| Operating income | $68.3M | $114.3M | $138.6M | $87.2M | $93.7M | $63.7M | $71.8M | $58.0M | $27.0M | $68.5M |
| Interest income | $10.7M | $9.0M | $13.2M | $8.3M | $8.0M | $3.3M | $3.3M | $3.0M | $2.4M | $330,000 |
| Interest expense | $9.0M | $9.1M | $13.5M | $7.1M | $7.3M | $20.7M | $21.1M | $23.3M | $25.4M | $1.3M |
| Income before taxes | $57.9M | $104.8M | $123.8M | $79.5M | $74.1M | $41.1M | $54.0M | $35.8M | −$1.3M | $66.5M |
| Income taxes | $14.1M | $21.1M | $14.3M | $13.2M | $9.2M | $7.4M | $8.1M | $2.3M | $4.9M | $19.9M |
| Net income | $43.8M | $83.7M | $109.5M | $66.3M | $64.9M | $33.7M | $45.8M | $33.4M | −$6.2M | $46.6M |
| EBITDA | $125.6M | $169.0M | $188.4M | $135.3M | $134.5M | $111.9M | $126.2M | $113.6M | $67.4M | $86.8M |
| EPS (diluted) | $4.55 | $6.55 | $6.57 | $4.10 | $4.39 | $2.91 | $2.89 | $2.17 | $1.57 | $2.60 |
| Gross margin | 40.2% | 42.7% | 42.4% | 38.5% | 40.2% | 40.7% | 40.6% | 39.6% | 40.3% | 43.5% |
| Operating margin | 5.7% | 8.9% | 11.1% | 8.0% | 8.6% | 6.4% | 6.3% | 5.2% | 2.7% | 8.5% |
| Net margin | 3.6% | 6.5% | 8.8% | 6.1% | 5.9% | 3.4% | 4.0% | 3.0% | −0.6% | 5.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $324.0M | $297.9M | $291.6M | $303.3M | $318.6M | $290.0M | $328.9M | $315.8M | $331.0M | $311.0M | $311.4M | $304.7M |
| Cost of revenue | $196.1M | $184.3M | $190.8M | $173.9M | $184.5M | $170.0M | $192.9M | $182.0M | $188.3M | $173.5M | $180.6M | $172.7M |
| Gross profit | $127.9M | $113.6M | $100.8M | $129.4M | $134.1M | $120.0M | $136.0M | $133.8M | $142.7M | $137.5M | $130.8M | $132.0M |
| Research & development | $12.5M | $10.6M | $11.2M | $10.5M | $9.8M | $9.7M | $12.0M | $10.5M | $11.2M | $10.1M | $10.6M | $9.1M |
| Sales, general & admin | $99.5M | $98.1M | $93.8M | $96.6M | $93.7M | $90.7M | $116.4M | $92.7M | $92.9M | $89.9M | $95.7M | $88.2M |
| Total operating expenses | $112.0M | $108.7M | $105.0M | $107.1M | $103.5M | $100.4M | $128.4M | $103.2M | $104.1M | $100.0M | $106.3M | $97.3M |
| Operating income | $15.9M | $4.9M | −$4.2M | $22.3M | $30.6M | $19.6M | $7.6M | $30.6M | $38.6M | $37.5M | $24.5M | $34.7M |
| Interest income | — | — | $2.8M | $2.4M | $3.0M | $2.5M | $1.6M | $3.1M | — | — | — | $3.7M |
| Interest expense | $4.3M | $3.4M | $2.1M | $2.4M | $2.2M | $2.3M | $1.6M | $2.7M | $2.5M | $2.3M | $2.5M | $3.3M |
| Income before taxes | $10.3M | $900,000 | −$6.0M | $19.4M | $27.3M | $17.2M | $5.3M | $27.5M | $36.9M | $35.1M | $22.0M | $29.9M |
| Income taxes | $2.7M | $700,000 | −$1.6M | $4.5M | $7.1M | $4.1M | −$1.3M | $6.7M | $9.0M | $6.7M | −$9.0M | $7.0M |
| Net income | $7.6M | $200,000 | −$4.4M | $14.9M | $20.2M | $13.1M | $6.6M | $20.8M | $27.9M | $28.4M | $31.0M | $22.9M |
| EBITDA | $29.6M | $19.2M | $11.4M | $36.5M | $44.2M | $33.5M | $21.0M | $43.9M | $53.2M | $50.9M | $38.2M | $45.9M |
| EPS (diluted) | $0.83 | $0.58 | $0.48 | $1.46 | $1.49 | $1.12 | $1.52 | $1.39 | $1.83 | $1.81 | $1.92 | $1.34 |
| Gross margin | 39.5% | 38.1% | 34.6% | 42.7% | 42.1% | 41.4% | 41.3% | 42.4% | 43.1% | 44.2% | 42.0% | 43.3% |
| Operating margin | 4.9% | 1.6% | −1.4% | 7.4% | 9.6% | 6.8% | 2.3% | 9.7% | 11.7% | 12.1% | 7.9% | 11.4% |
| Net margin | 2.3% | 0.1% | −1.5% | 4.9% | 6.3% | 4.5% | 2.0% | 6.6% | 8.4% | 9.1% | 10.0% | 7.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TNC's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TNC financial results
In fiscal year 2025 (ended December 31, 2025), Tennant reported revenue of $1.2 billion, down 6.5% from the year before. It had net income of $43.8 million (down 47.7%), a net profit margin of 3.6%. Diluted earnings per share came to $4.55. Over five years revenue grew at an average rate of 3.8% a year.
See the TNC stock overview for the latest quote and news, or the TNC chart for price history and technical indicators.
TNC income statement FAQ
What is Tennant's annual revenue?
Tennant reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.5% from $1.3 billion the previous year.
Is Tennant profitable?
Yes. Tennant reported net income of $43.8 million in fiscal 2025, a net profit margin of 3.6%; its operating margin was 5.7%.
What is Tennant's gross margin?
Tennant's gross margin was 40.2% in fiscal 2025: for every $100 of revenue, Tennant kept $40 after the direct cost of its products and services.
How much does Tennant spend on research and development?
Tennant spent $41.2 million on research and development in fiscal 2025, 3.4% of revenue.
How fast is Tennant growing?
Revenue grew 3.8% a year on average over the last five fiscal years, from $1.0 billion to $1.2 billion.
What are Tennant's earnings per share?
Tennant earned $4.55 per diluted share in fiscal 2025, compared with $6.55 a year earlier.
When will Tennant report its next earnings?
Tennant is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Tennant's fiscal year end?
Tennant's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.