NYSE · TNC
Tennant Company
Industrials · Industrial - Machinery
$69.00▼ 3.02% ($2.15)at close
As of 4:00 PM ET
Market cap
$1.18B
P/E
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 14.86% over the last year. Revenue declined 2.91% over the trailing twelve months. Operating margin moved from 7.05% to 3.2%. Free cash flow declined 104.43% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 3.2%. Revenue declined 2.91% — this read reverses if that trend stabilizes. Free cash flow fell 104.43% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Performance
Return analysis
Company profile
Tennant Company, a global entity operating its design, manufacturing, and marketing efforts across the Americas, Europe, the Middle East, Africa, and Asia Pacific, specializes in sophisticated floor cleaning machinery.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
6
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 2, 2026
Q4 FY26 · EPS est $0.98 · Revenue est $330.95M
View
Dividends
$1.24/shareQuarterlyDividend Aristocrat · 38yrAt RiskTNC pays a dividend with a 1.8% dividend yield, 38 consecutive years of growth, growing at 6.15% annually, covered 2.0× by free cash flow.
Dividend Yield
1.8%
Annual Div / Share
$1.24
5yr CAGR
+6.15%
Doubles every ~11.6yr
Payout Ratio
118.58%
At Risk
Dividend Growth Rate
3yr CAGR
+5.37%
5yr CAGR
+6.15%
10yr CAGR
+4.48%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$1/mo
In 5 yrs
$2/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$18/yr $1/mo | $24/yr+35% $2/mo | $33/yr+82% $3/mo |
Yield-on-cost grows from 1.8% → 3.26% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
TNC has raised its dividend for 38 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 6.15% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 118.58% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.