Filing Flows › Tennant (TNC) › How it makes money
How Tennant (TNC) makes money
Tennant (TNC) made $322M of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Equipment brought in $193M (60%); Parts and consumables brought in $65.3M (20%); Service and other brought in $63.6M (20%). Of every dollar of revenue, 42¢ was left as gross profit, 10¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Equipment | $193M | 60.0% | -0.2% | +8% |
| Parts and consumables | $65.3M | 20.3% | -4% | -6% |
| Service and other | $63.6M | 19.7% | +2% | +17% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $322M | 100.0% |
| Cost of revenue | $186M | 57.7% |
| Gross profit | $136M | 42.3% |
| Operating expenses | $105M | 32.6% |
| Operating profit | $31.2M | 9.7% |
| Income tax | $6.4M | 2.0% |
| Net earnings | $19.5M | 6.1% |
| Operating cash flow | $11.9M | 3.7% |
| Free cash flow | $5.2M | 1.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $322M | +6% |
| Q2 2026 | $324M | +2% |
| Q1 2026 | $298M | +3% |
| Q4 2025 | $292M | -11% |
| Q3 2025 | $303M | -4% |
| Q2 2025 | $319M | -4% |
| Q1 2025 | $290M | -7% |
From Tennant's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Tennant make money?
Tennant (TNC) made $322M of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Equipment brought in $193M (60%); Parts and consumables brought in $65.3M (20%); Service and other brought in $63.6M (20%). Of every dollar of revenue, 42¢ was left as gross profit, 10¢ was left as operating profit, 6¢ was left as net earnings.
What is Tennant's biggest business?
Equipment: $193M in the third quarter 2026, 60% of revenue, +8% from a year earlier.
What is Tennant's profit margin?
Net earnings were $19.5M, 6.1% of revenue, in the third quarter 2026; the operating margin was 9.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.