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Tennant vs Hayward Holdings: TNC and HAYW compared
Tennant is the larger company: $322M of revenue in its latest quarter (Q3 2026) against $260M for Hayward Holdings (Q3 2026). Hayward Holdings is growing faster (+6% against +6% a year earlier). Hayward Holdings is more profitable, with an operating margin of 19.3% against 9.7%.
Where the money goes: TNC and HAYW
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.
Hayward Holdings (HAYW) · Q3 2026
Hayward Holdings, Q3 2026: revenue $260M (+6% year over year), operating margin 19.3%, net earnings $32.4M, operating cash flow $53.9M. The chart follows the revenue to costs, profit and cash.
| Tennant (TNC) | Hayward Holdings (HAYW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $322M | $260M |
| Revenue growth, Y/Y | +6% | +6% |
| Gross margin | 42.3% | 47.9% |
| Operating margin | 9.7% | 19.3% |
| Net earnings | $19.5M | $32.4M |
| Net margin | 6.1% | 12.5% |
| Operating cash flow | $11.9M | $53.9M |
| Free cash flow | $5.2M | $43.0M |
| Market value | $1.1B | $2.8B |
| P/E | 48.9× | 16.2× |
| Analysts’ mean target | $87.75 | $17.50 |
Where the revenue comes from
Tennant
- Equipment: $193M (60%)
- Parts and consumables: $65.3M (20%)
- Service and other: $63.6M (20%)
Hayward Holdings
- Residential pool: $230M (88%)
- Commercial pool: $15.9M (6%)
- Flow control: $14.1M (5%)
Questions
Which is bigger, Tennant or Hayward Holdings?
Tennant is the larger company: $322M of revenue in its latest quarter (Q3 2026) against $260M for Hayward Holdings (Q3 2026).
Is Tennant or Hayward Holdings growing faster?
Hayward Holdings is growing faster (+6% against +6% a year earlier).
Which is more profitable, Tennant or Hayward Holdings?
Hayward Holdings is more profitable, with an operating margin of 19.3% against 9.7%.
More: Tennant earnings · how Tennant makes money · Hayward Holdings earnings · how Hayward Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.