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Tennant vs Midera Food Processing: TNC and MFP compared
Tennant is the larger company: $322M of revenue in its latest quarter (Q3 2026) against $245M for Midera Food Processing (Q2 2026). Midera Food Processing is growing faster (+13% against +6% a year earlier). Tennant is more profitable, with an operating margin of 9.7% against 9.7%.
Where the money goes: TNC and MFP
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.
Midera Food Processing (MFP) · Q2 2026
Midera Food Processing, Q2 2026: revenue $245M (+13% year over year), operating margin 9.7%, net earnings $10.8M. The chart follows the revenue to costs, profit and cash.
| Tennant (TNC) | Midera Food Processing (MFP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $322M | $245M |
| Revenue growth, Y/Y | +6% | +13% |
| Gross margin | 42.3% | 35.3% |
| Operating margin | 9.7% | 9.7% |
| Net earnings | $19.5M | $10.8M |
| Net margin | 6.1% | 4.4% |
| Operating cash flow | $11.9M | — |
| Free cash flow | $5.2M | — |
| Market value | $1.1B | — |
| P/E | 48.9× | — |
| Analysts’ mean target | $87.75 | — |
Where the revenue comes from
Tennant
- Equipment: $193M (60%)
- Parts and consumables: $65.3M (20%)
- Service and other: $63.6M (20%)
Midera Food Processing
- Equipment and Installation: $152M (62%)
- Aftermarket Parts and Service: $92.9M (38%)
Questions
Which is bigger, Tennant or Midera Food Processing?
Tennant is the larger company: $322M of revenue in its latest quarter (Q3 2026) against $245M for Midera Food Processing (Q2 2026).
Is Tennant or Midera Food Processing growing faster?
Midera Food Processing is growing faster (+13% against +6% a year earlier).
Which is more profitable, Tennant or Midera Food Processing?
Tennant is more profitable, with an operating margin of 9.7% against 9.7%.
More: Tennant earnings · how Tennant makes money · Midera Food Processing earnings · how Midera Food Processing makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 18, 2026). Fiscal quarters can end on different dates. Not investment advice.