Filing Flows › Tennant (TNC) › Q3 2025
Tennant (TNC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Tennant (TNC) reported revenue of $303M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -5% from the quarter before. Operating margin was 7.4%, net earnings $14.9M (4.9% of revenue).
Tennant, Q3 2025: revenue $303M (-4% year over year), operating margin 7.4%, net earnings $14.9M, operating cash flow $28.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $303M | -5% | -4% |
| Gross profit | $129M | -4% | -3% |
| Operating profit | $22.3M | -27% | -27% |
| Net earnings | $14.9M | -26% | -28% |
| Operating cash flow | $28.7M | +28% | -7% |
| Free cash flow | $22.3M | +19% | -16% |
What changed
Revenue was $303.3M in Q3 2025, down 4% year over year and down 5% from the previous quarter. Equipment was the largest line at 59% of revenue. Equipment lost $17.2M year over year (down 9%), 138% of the total change.
Gross margin was 42.7%, up 0.3 points from a year earlier. Operating profit was $22.3M, a 7.4% margin (down 2.3 points year over year). Operating expenses grew 4% against a revenue fall of 4%. Net earnings were $14.9M, down 28% year over year. The effective tax rate was 23.2%.
Operating cash flow was $28.7M (down 7% year over year), 193% of net earnings. Non-cash charges added back $14.7M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $6.4M left free cash flow of $22.3M.
Questions
What was Tennant's revenue in the third quarter 2025?
Tennant (TNC) reported revenue of $303M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -5% from the quarter before.
Was Tennant profitable in the third quarter 2025?
Operating profit was $22.3M (7.4% of revenue) and net earnings $14.9M.
Source: Tennant 10-Q on SEC EDGAR.