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Alliance Laundry Holdings vs Tennant: ALH and TNC compared
Alliance Laundry Holdings is the larger company: $477M of revenue in its latest quarter (Q2 2026) against $322M for Tennant (Q3 2026). Alliance Laundry Holdings is growing faster (+7% against +6% a year earlier). Alliance Laundry Holdings is more profitable, with an operating margin of 22.2% against 9.7%.
Where the money goes: ALH and TNC
Alliance Laundry Holdings (ALH) · Q2 2026
Alliance Laundry Holdings, Q2 2026: revenue $477M (+7% year over year), operating margin 22.2%, net earnings $68.7M, operating cash flow $66.3M. The chart follows the revenue to costs, profit and cash.
Tennant (TNC) · Q3 2026
Tennant, Q3 2026: revenue $322M (+6% year over year), operating margin 9.7%, net earnings $19.5M, operating cash flow $11.9M. The chart follows the revenue to costs, profit and cash.
| Alliance Laundry Holdings (ALH) | Tennant (TNC) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $477M | $322M |
| Revenue growth, Y/Y | +7% | +6% |
| Gross margin | 39.8% | 42.3% |
| Operating margin | 22.2% | 9.7% |
| Net earnings | $68.7M | $19.5M |
| Net margin | 14.4% | 6.1% |
| Operating cash flow | $66.3M | $11.9M |
| Free cash flow | $57.6M | $5.2M |
| Market value | $4.6B | $1.1B |
| P/E | 25.7× | 48.9× |
| Analysts’ mean target | $31.12 | $87.75 |
Where the revenue comes from
Alliance Laundry Holdings
- Equipment, service parts and other: $464M (97%)
- Equipment financing: $12.5M (3%)
Tennant
- Equipment: $193M (60%)
- Parts and consumables: $65.3M (20%)
- Service and other: $63.6M (20%)
Questions
Which is bigger, Alliance Laundry Holdings or Tennant?
Alliance Laundry Holdings is the larger company: $477M of revenue in its latest quarter (Q2 2026) against $322M for Tennant (Q3 2026).
Is Alliance Laundry Holdings or Tennant growing faster?
Alliance Laundry Holdings is growing faster (+7% against +6% a year earlier).
Which is more profitable, Alliance Laundry Holdings or Tennant?
Alliance Laundry Holdings is more profitable, with an operating margin of 22.2% against 9.7%.
More: Alliance Laundry Holdings earnings · how Alliance Laundry Holdings makes money · Tennant earnings · how Tennant makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.