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Tennant (TNC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Tennant (TNC) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $322M · 6¢ of every $1 of revenue kept as net profit · operating margin 9.7%
Tennant made $322M in Q3 2026 (+6% Y/Y): Equipment $193M, Parts and consumables $65.3M, Service and other $63.6M. Operating margin 9.7%, net earnings $19.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $322.3M in Q3 2026, up 6% year over year and down 1% from the previous quarter. Equipment was the largest line at 60% of revenue. Equipment added $14.0M year over year (up 8%), 74% of the total change. Parts and consumables declined 6%.
Gross margin was 42.3%, down 0.4 points from Q3 2025. Operating profit was $31.2M, a 9.7% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 7% margin then. Operating expenses fell 2% while revenue rose 6%. The fastest-growing cost line was Research & development (+18%). Net earnings were $19.5M, up 31% year over year. The effective tax rate was 24.7%.
Operating cash flow was $11.9M (down 59% year over year), 61% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $23.7M. Capital expenditures of $6.7M left free cash flow of $5.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $322M | +6% | 9.7% | $19.5M | $11.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $324M | +2% | 4.9% | $7.6M | $5.0M |
| Q1 2026 | 10-Q | May 5, 2026 | $298M | +3% | 1.6% | $200K | −$31.2M |
| Q4 2025 | 10-K | Feb 24, 2026 | $292M | -11% | -1.4% | −$4.4M | $14.2M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $303M | -4% | 7.4% | $14.9M | $28.7M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $319M | -4% | 9.6% | $20.2M | $22.5M |
| Q1 2025 | 10-Q | May 1, 2025 | $290M | -7% | 6.8% | $13.1M | −$400K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Tennant
Tennant Company ("the Company", "we", "us", or "our") is a world leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. The Company is committed to creating and commercializing breakthrough, sustainable cleaning innovations to enhance its broad suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and asset management solutions. Customers include contract cleaners to whom organizations outsource facilities maintenance as well as businesses that perform facilities maintenance themselves. The Company reaches these customers through the industry's largest direct sales and service organization and through a strong and well-supported network of authorized distributors worldwide.
In its own words, from its 10-Q, filed Aug 6, 2026.
Tennant against its Refrigeration & Service Industry Machinery peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +7%. Operating margin: 9.7% against the peers' median 17.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TNC Tennant | Q3 2026 | $322M | +6% | 9.7% |
| MIDD Middleby | Q2 2026 | $876M | +10% | 16.9% |
| ALH Alliance Laundry Holdings | Q2 2026 | $477M | +7% | 22.2% |
| HAYW Hayward Holdings | Q3 2026 | $260M | +6% | 19.3% |
| MFP Midera Food Processing | Q2 2026 | $245M | +13% | 9.7% |
| SXI Standex International | Q1 FY27 | $233M | +7% | 17.4% |
Source: Tennant 10-Q on SEC EDGAR · CIK 97134 · Refrigeration & Service Industry Machinery
Guidance and outlook
13F: who owns TNC and who is buying
More on TNC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Tennant guidance history: guided vs reported
- Tennant gross margin by quarter
- Tennant operating margin by quarter
- Tennant net income by quarter
- Tennant free cash flow by quarter
- Tennant R&D spending by quarter
- Tennant capital expenditures by quarter
- Tennant Equipment revenue by quarter
- Tennant Parts and consumables revenue by quarter
- Tennant Service and other revenue by quarter