Filing Flows › Tennant (TNC) › Q2 2026 › vs Q2 2025
Tennant (TNC) Q2 2026 vs Q2 2025 (year over year)
Tennant's revenue rose $5.4M (+2%) from $319M in Q2 2025 to $324M in Q2 2026. The biggest changes: Service and other +$10.0M (+19%); Equipment −$3.2M (-2%); Parts and consumables −$1.4M (-2%). Gross margin 39.5% against 42.1% (-2.6 pts).
Tennant, Q2 2026: revenue $324M (+2% year over year), operating margin 4.9%, net earnings $7.6M, operating cash flow $5.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 39.5% | 42.1% | -2.6 pts |
| Operating margin | 4.9% | 9.6% | -4.7 pts |
| Net margin | 2.3% | 6.3% | -4.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Equipment | $194M | $197M | −$3.2M | -2% |
| Parts and consumables | $68.1M | $69.5M | −$1.4M | -2% |
| Service and other | $62.1M | $52.1M | $10.0M | +19% |
| Revenue | $324M | $319M | $5.4M | +2% |
| Gross profit | $128M | $134M | −$6.2M | -5% |
| Cost of revenue | $196M | $184M | $11.6M | +6% |
| Operating profit | $15.9M | $30.6M | −$14.7M | -48% |
| Operating expenses | $112M | $104M | $8.5M | +8% |
| Pre-tax earnings | $10.3M | $27.3M | −$17.0M | -62% |
| Other expense, net | $5.6M | $3.3M | $2.3M | +70% |
| Research & development | $12.5M | $9.8M | $2.7M | +28% |
| SG&A | $99.5M | $93.7M | $5.8M | +6% |
| Net earnings | $7.6M | $20.2M | −$12.6M | -62% |
| Income tax | $2.7M | $7.1M | −$4.4M | -62% |
| Operating cash sources | $24.7M | $37.5M | −$12.8M | -34% |
| Depreciation & amortization | $15.0M | $14.7M | $300K | +2% |
| Share-based compensation | $2.1M | $2.6M | −$500K | -19% |
| Working capital & other | $19.7M | $15.0M | $4.7M | +31% |
| Operating cash flow | $5.0M | $22.5M | −$17.5M | -78% |
| Capital expenditures | $5.3M | $3.8M | $1.5M | +39% |
| Negative free cash flow (OCF − capex) | $300K | −$18.7M | $19.0M | — |
Questions
How much did Tennant's revenue grow year over year in Q2 2026?
Tennant's revenue rose $5.4M (+2%) from $319M in Q2 2025 to $324M in Q2 2026.
What drove Tennant's revenue change in Q2 2026?
Service and other +$10.0M (+19%); Equipment −$3.2M (-2%); Parts and consumables −$1.4M (-2%).