Filing Flows › Tennant (TNC) › Q2 2025
Tennant (TNC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Tennant (TNC) reported revenue of $319M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +10% from the quarter before. Operating margin was 9.6%, net earnings $20.2M (6.3% of revenue).
Tennant, Q2 2025: revenue $319M (-4% year over year), operating margin 9.6%, net earnings $20.2M, operating cash flow $22.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $319M | +10% | -4% |
| Gross profit | $134M | +12% | -6% |
| Operating profit | $30.6M | +56% | -21% |
| Net earnings | $20.2M | +54% | -28% |
| Operating cash flow | $22.5M | — | +21% |
| Free cash flow | $18.7M | — | +30% |
What changed
Revenue was $318.6M in Q2 2025, down 4% year over year and up 10% from the previous quarter. Equipment was the largest line at 62% of revenue. Equipment lost $13.7M year over year (down 7%), 110% of the total change.
Gross margin was 42.1%, down 1.0 points from a year earlier. Operating profit was $30.6M, a 9.6% margin (down 2.1 points year over year). Operating expenses fell 1% while revenue fell 4%. Net earnings were $20.2M, down 28% year over year. The effective tax rate was 26.0%.
Operating cash flow was $22.5M (up 21% year over year), 111% of net earnings. Non-cash charges added back $14.7M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $15.0M. Capital expenditures of $3.8M left free cash flow of $18.7M.
Questions
What was Tennant's revenue in the second quarter 2025?
Tennant (TNC) reported revenue of $319M for the second quarter 2025 (Q2 2025), -4% from a year earlier and +10% from the quarter before.
Was Tennant profitable in the second quarter 2025?
Operating profit was $30.6M (9.6% of revenue) and net earnings $20.2M.
Source: Tennant 10-Q on SEC EDGAR.