74.48
+4.17%
Close of 9 Nov 2026, in USD
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About Tennant
From its filings with the US Securities and Exchange Commission
Tennant is based in Eden Prairie, Minnesota and is incorporated in Minnesota. Its shares trade on NYSE under the ticker TNC. The SEC classifies its business as refrigeration & service industry machinery. In the fiscal year to 31 December 2025, it reported revenue of $1.20bn and net income of $43.8m. At that date it held total assets of $1.27bn and shareholders' equity of $601.6m. By business, Equipment brought in 59.4% of revenue, followed by Parts and consumables at 22.9% and Service and other at 17.7%.
Founded in 1870 by George H. Tennant, Tennant Company ("the Company, we, us, or our"), headquartered in Eden Prairie, Minnesota, is a world leader in designing, manufacturing and marketing of solutions that help create a cleaner, safer and healthier world. Tennant was incorporated as a Minnesota corporation in 1909 and began as a one-man woodworking business, eventually evolving into a successful wood flooring and wood products company, and finally into a manufacturer of floor cleaning equipment. Throughout its history, the Company has remained focused on advancing its industry by aggressively pursuing new technologies and creating a culture that celebrates innovation.
Today, the Company has 11 global manufacturing locations and operates in three geographic areas including the Americas, Europe, Middle East and Africa ("EMEA") and Asia Pacific ("APAC"). We aggregate our operating segments into one reportable segment that consists of the design, manufacture, sale and servicing of products used primarily in the maintenance of nonresidential surfaces.
Our commitment to innovation and excellence extends across every aspect of our business—from product development and customer service to manufacturing and marketing. We prioritize delivering high-performance solutions that minimize waste, lower costs, enhance safety, and advance sustainability objectives. By dedicating resources to research, development and engineering, we continuously refine existing products and introduce new ones that align with evolving market demands.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 17 Mar 1980
- Employees
- 4,484
- Website
- tennantco.com ↗
- Head office
- 104000 CLEAN STREET, EDEN PRAIRIE, MN, 55344
- Incorporated in
- MN
- Classification
- Refrigeration & Service Industry Machinery
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Donal MulliganNon-Executive Independent Chairman of the Board$284,972
- Mr. David HumlPresident, Chief Executive Officer, Director, since 2014$5.1m
- Ms. Fay WestChief Financial Officer, Senior Vice President$2.0m
- Mr. Brock ChristiansonChief Human Resources Officer, Senior Vice President
- Mr. Patrick SchottlerSenior Vice President, Chief Marketing and Technology Officer
- Ms. Kristin EricksonSenior Vice President, General Counsel, Corporate Secretary$1.4m
- Ms. Barbara BalinskiSenior Vice President, Chief Transformation Officer$1.1m
- Mr. Richard ZaySenior Vice President, Chief Commercial Officer$1.8m
- Mr. Patrick AllenIndependent Director
- Ms. Azita ArvaniIndependent Director$200,972
- Ms. Carol EicherIndependent Director$200,972
- Mr. James GlerumIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 74
- Environment
- 43
- Social
- 99
- Governance
- 80
- Direct emissions (scope 1)
- 21,802.1 t
- Energy emissions (scope 2)
- 8,371 t
- Value chain emissions (scope 3)
- 696,710 t
- Women in the workforce
- 22.99753%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tennant Co has a strong market position and brand reputation in the cleaning industry. The company has a diverse product portfolio, offering a wide range of innovative cleaning equipment and solutions. Tennant Co also benefits from a strong distribution network, allowing it to reach customers globally. The company has a solid financial performance and a history of generating consistent revenue and profit growth.
Weaknesses
- Tennant Co may face challenges in terms of high dependence on a few key markets and customers, which poses a risk to its revenue stability. The company also operates in a highly competitive industry, facing competition from both established players and new entrants. Additionally, Tennant Co's reliance on third-party suppliers for certain components may expose it to supply chain disruptions and cost fluctuations.
Opportunities
- Tennant Co has opportunities to capitalize on the growing demand for sustainable and environmentally-friendly cleaning solutions. The company can expand its product offerings in this segment, targeting customers who prioritize eco-friendly practices. Tennant Co can also explore untapped markets by expanding its presence in emerging economies, where demand for advanced cleaning equipment is on the rise.
Threats
- Tennant Co faces the risk of economic downturns, which can impact customer spending on cleaning equipment and lead to reduced sales. The company also encounters potential threats from regulatory changes and compliance requirements, especially regarding environmental standards. Rapid technological advancements may pose a threat as Tennant Co needs to continuously innovate to stay ahead in an evolving market.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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