Tennant Company (TNC) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.3B
Gross Profit
550.0M
42.75%
Operating Income
114.3M
8.88%
Net Income
83.7M
6.51%
EPS (Diluted)
$4.38
Balance Sheet Metrics
Total Assets
1.2B
Total Liabilities
568.0M
Shareholders Equity
622.1M
Debt to Equity
0.91
Cash Flow Metrics
Operating Cash Flow
86.3M
Free Cash Flow
68.3M
Revenue & Profitability Trend
Tennant Company Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.3B | 1.2B | 1.1B | 1.1B | 1.0B |
| Cost of Goods Sold | 736.7M | 715.8M | 671.3M | 652.8M | 593.2M |
| Gross Profit | 550.0M | 527.8M | 420.9M | 438.0M | 407.8M |
| Operating Expenses | 435.7M | 389.2M | 337.4M | 354.1M | 344.1M |
| Operating Income | 114.3M | 138.6M | 83.5M | 83.9M | 63.7M |
| Pre-tax Income | 104.8M | 123.8M | 79.5M | 74.1M | 41.1M |
| Income Tax | 21.1M | 14.3M | 13.2M | 9.2M | 7.4M |
| Net Income | 83.7M | 109.5M | 66.3M | 64.9M | 33.7M |
| EPS (Diluted) | $4.38 | $5.83 | $3.55 | $3.44 | $1.81 |
Income Statement Trend
Tennant Company Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 576.6M | 569.1M | 575.3M | 526.8M | 493.6M |
| Non-Current Assets | 613.5M | 544.3M | 509.8M | 534.9M | 589.0M |
| Total Assets | 1.2B | 1.1B | 1.1B | 1.1B | 1.1B |
| Liabilities | |||||
| Current Liabilities | 292.2M | 273.7M | 261.6M | 290.3M | 254.3M |
| Non-Current Liabilities | 275.8M | 261.4M | 351.4M | 336.3M | 422.2M |
| Total Liabilities | 568.0M | 535.1M | 613.0M | 626.6M | 676.5M |
| Equity | |||||
| Total Shareholders Equity | 622.1M | 578.3M | 472.1M | 435.1M | 406.1M |
Balance Sheet Composition
Tennant Company Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 83.7M | 109.5M | 66.3M | 64.9M | 33.7M |
| Operating Cash Flow | 86.3M | 185.0M | -23.7M | 66.4M | 129.0M |
| Investing Activities | |||||
| Capital Expenditures | -20.6M | -23.2M | -24.6M | 1.6M | -29.8M |
| Investing Cash Flow | -78.4M | -23.2M | -24.5M | 26.4M | -29.8M |
| Financing Activities | |||||
| Dividends Paid | -21.4M | -20.1M | -18.9M | -17.5M | -16.3M |
| Financing Cash Flow | -44.8M | -141.8M | 61.0M | -84.6M | -42.6M |
| Free Cash Flow | 68.3M | 164.4M | -54.4M | 46.3M | 103.8M |
Cash Flow Trend
Tennant Company Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
21.42
Forward P/E
12.06
Price to Book
2.30
Price to Sales
1.13
PEG Ratio
12.06
Profitability Ratios
Profit Margin
5.40%
Operating Margin
7.28%
Return on Equity
11.01%
Return on Assets
5.69%
Financial Health
Current Ratio
2.14
Debt to Equity
39.91
Beta
1.04
Per Share Data
EPS (TTM)
$3.58
Book Value per Share
$33.39
Revenue per Share
$67.34
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| tnc | 1.4B | 21.42 | 2.30 | 11.01% | 5.40% | 39.91 |
| Eaton | 130.3B | 33.56 | 7.04 | 20.81% | 15.55% | 58.00 |
| Parker Hannifin | 84.9B | 25.57 | 6.34 | 27.15% | 17.14% | 69.95 |
| Standex | 1.9B | 31.48 | 2.77 | 9.29% | 8.09% | 45.13 |
| Xometry | 1.6B | -31.83 | 5.27 | -15.45% | -8.52% | 94.49 |
| Hillenbrand | 1.3B | 31.19 | 1.01 | -17.21% | -8.82% | 147.75 |
Financial data is updated regularly. All figures are in the company's reporting currency.