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Tennant Company TNC Asset turnover

Asset turnover at other companies

Cintas logo
CintasCTAS
1.1×0.0×
Custom Truck One Source logo
Custom Truck One SourceCTOS
0.6×0.0×
Alamo Group logo
Alamo GroupALG
0.0×
Terex logo
TerexTEX
0.7×-0.3×
Federal Signal logo
Federal SignalFSS
1.1×0.0×
ALH
Alliance Laundry Holdings Inc.ALH
0.6×

Other financials

Income statement

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Revenue$297.9M+2.7%
Gross profit$113.6M-5.3%
Operating income$4.9M-75.0%
Net income$200.0K-98.5%
EPS (diluted)$0.01-98.6%

Balance sheet

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Cash & equivalents$82.6M+3.9%
Total debt$393.7M+57.2%
Total equity$531.2M-14.9%
Total assets$1.3B+8.2%

Cash flow

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Operating cash flow-$31.2M-7,700%
CapEx$3.2M-54.3%
Free cash flow-$34.4M-365%

Valuation

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Market cap$1.51B+9.1%
Enterprise value$1.82B+17.1%
P/E31.3×+12.0×
P/S1.3×+0.2×

Profitability

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Gross margin39.5%-2.6pp
Operating margin4.8%-2.8pp
Net margin4.4%-4.1pp
FCF margin1.3%-3.5pp

Returns & leverage

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Return on equity8.5%-9.6pp
Debt / equity0.7×+0.3×
Current ratio2.1×0.0×

Where this comes from

Calculated from Tennant Company’s reported figures.

Based on trailing twelve months.

The official record: Tennant Company’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tennant Company's asset turnover?
Tennant Company (TNC) reported asset turnover of 1× in Q1 2026.
How has Tennant Company's asset turnover changed year-over-year?
Tennant Company's asset turnover decreased by 9.2% year-over-year, from 1.1× to 1×.
What is the long-term trend for Tennant Company's asset turnover?
Over 5 years (2020 to 2025), Tennant Company's asset turnover has grown at a 1.0% compound annual growth rate (CAGR), from 0.9× to 1×.
What does asset turnover mean?
Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.