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Tennant Co (TNC) Stock Fundamental Analysis & AI Rating 2026

TNC NYSE Refrigeration & Service Industry Machinery MN CIK: 0000097134
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Rating
STRONG SELL
78% Confidence
N/A
STRONG SELL
78% Conf
Pending
Analysis scheduled

📊 TNC Key Takeaways

Revenue: $297.9M
Net Margin: 0.1%
Free Cash Flow: $-34.4M
Current Ratio: 2.12x
Debt/Equity: 0.67x
EPS: $0.01
AI Rating: STRONG SELL with 78% confidence
Tennant Co (TNC) receives a STRONG SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $297.9M, net profit margin of 0.1%, and return on equity (ROE) of 0.0%, Tennant Co demonstrates mixed fundamentals in the Industrial sector. Below is our complete TNC stock analysis for 2026.

Is Tennant Co (TNC) a Good Investment?

Claude

Tennant Co exhibits deteriorating fundamentals with declining revenue (-6.5% YoY), near-zero profitability (0.1% net margin), and critically, negative operating cash flow of -$31.2M, indicating the business is not generating cash despite accounting profitability. The 46.1% EPS decline, negative free cash flow of -$34.4M, and negligible returns on equity (0.0%) signal structural business weakness that balance sheet strength alone cannot sustain.

Why Buy Tennant Co Stock? TNC Key Strengths

Claude
  • + Solid liquidity position with 2.12x current ratio and $82.6M cash on hand
  • + Reasonable gross margin of 38.1% indicates pricing power and cost structure
  • + Manageable debt-to-equity ratio of 0.67x provides some financial flexibility

TNC Stock Risks: Tennant Co Investment Risks

Claude
  • ! Operating cash flow negative $31.2M while free cash flow burns $34.4M annually—unsustainable cash generation
  • ! Revenue contracting 6.5% YoY with profitability collapsing to 0.1% net margin—margin compression amid declining sales
  • ! EPS declined 46.1% YoY with zero returns on equity and assets—capital is destroyed, not deployed effectively

Key Metrics to Watch

Claude
  • * Operating cash flow trend—must return to positive territory immediately
  • * Revenue stabilization and gross margin maintenance as company restructures
  • * Free cash flow improvement and management's capital allocation decisions

Tennant Co (TNC) Financial Metrics & Key Ratios

Revenue
$297.9M
Net Income
$200.0K
EPS (Diluted)
$0.01
Free Cash Flow
$-34.4M
Total Assets
$1.3B
Cash Position
$82.6M

💡 AI Analyst Insight

Strong liquidity with a 2.12x current ratio provides a solid financial cushion.

TNC Profit Margin, ROE & Profitability Analysis

Gross Margin 38.1%
Operating Margin 1.6%
Net Margin 0.1%
ROE 0.0%
ROA 0.0%
FCF Margin -11.5%

TNC vs Industrial Sector: How Tennant Co Compares

How Tennant Co compares to Industrial sector averages

Net Margin
TNC 0.1%
vs
Sector Avg 10.0%
TNC Sector
ROE
TNC 0.0%
vs
Sector Avg 15.0%
TNC Sector
Current Ratio
TNC 2.1x
vs
Sector Avg 1.8x
TNC Sector
Debt/Equity
TNC 0.7x
vs
Sector Avg 0.7x
TNC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Tennant Co Stock Overvalued? TNC Valuation Analysis 2026

Based on fundamental analysis, Tennant Co shows some fundamental concerns relative to the Industrial sector in 2026.

Return on Equity
0.0%
Sector avg: 15%
Net Profit Margin
0.1%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.67x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Tennant Co Balance Sheet: TNC Debt, Cash & Liquidity

Current Ratio
2.12x
Quick Ratio
1.41x
Debt/Equity
0.67x
Debt/Assets
58.2%
Interest Coverage
3.27x
Long-term Debt
$358.3M

TNC Revenue & Earnings Growth: 5-Year Financial Trend

TNC 5-year financial data: Year 2021: Revenue $1.1B, Net Income $45.8M, EPS $2.48. Year 2022: Revenue $1.1B, Net Income $33.7M, EPS $1.81. Year 2023: Revenue $1.2B, Net Income $64.9M, EPS $3.44. Year 2024: Revenue $1.3B, Net Income $66.3M, EPS $3.55. Year 2025: Revenue $1.3B, Net Income $109.5M, EPS $5.83.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tennant Co's revenue has grown significantly by 13% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.83 reflects profitable operations.

TNC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-11.5%
Free cash flow / Revenue

TNC Quarterly Earnings & Performance

Quarterly financial performance data for Tennant Co including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $290.0M $200.0K $0.01
Q3 2025 $303.3M $14.9M $0.80
Q2 2025 $318.6M $20.2M $1.08
Q1 2025 $290.0M $13.1M $0.69
Q3 2024 $304.7M $20.8M $1.09
Q2 2024 $321.7M $27.9M $1.45
Q1 2024 $305.8M $24.3M $1.30
Q3 2023 $262.9M $15.6M $0.83

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Tennant Co Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$31.2M
Cash generated from operations
Stock Buybacks
$60.0M
Shares repurchased (TTM)
Capital Expenditures
$3.2M
Investment in assets
Dividends Paid
$5.5M
Returned to shareholders

TNC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Tennant Co (CIK: 0000097134)

📋 Recent SEC Filings

Date Form Document Action
May 11, 2026 4 xslF345X06/form4-05112026_090540.xml View →
May 11, 2026 4 xslF345X06/form4-05112026_080530.xml View →
May 11, 2026 4 xslF345X06/form4-05112026_080558.xml View →
May 11, 2026 4 xslF345X06/form4-05112026_080524.xml View →
May 11, 2026 4 xslF345X06/form4-05112026_080556.xml View →

Frequently Asked Questions about TNC

What is the AI rating for TNC?

Tennant Co (TNC) has an AI rating of STRONG SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TNC's key strengths?

Claude: Solid liquidity position with 2.12x current ratio and $82.6M cash on hand. Reasonable gross margin of 38.1% indicates pricing power and cost structure.

What are the risks of investing in TNC?

Claude: Operating cash flow negative $31.2M while free cash flow burns $34.4M annually—unsustainable cash generation. Revenue contracting 6.5% YoY with profitability collapsing to 0.1% net margin—margin compression amid declining sales.

What is TNC's revenue and growth?

Tennant Co reported revenue of $297.9M.

Does TNC pay dividends?

Tennant Co pays dividends, with $5.5M distributed to shareholders in the trailing twelve months.

Where can I find TNC SEC filings?

Official SEC filings for Tennant Co (CIK: 0000097134) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TNC's EPS?

Tennant Co has a diluted EPS of $0.01.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is TNC a good stock to buy right now?

Based on our AI fundamental analysis in May 2026, Tennant Co has a STRONG SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is TNC stock overvalued or undervalued?

Valuation metrics for TNC: ROE of 0.0% (sector avg: 15%), net margin of 0.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy TNC stock in 2026?

Our dual AI analysis gives Tennant Co a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TNC's free cash flow?

Tennant Co's operating cash flow is $-31.2M, with capital expenditures of $3.2M. FCF margin is -11.5%.

How does TNC compare to other Industrial stocks?

Vs Industrial sector averages: Net margin 0.1% (avg: 10%), ROE 0.0% (avg: 15%), current ratio 2.12 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI