What is Tennant Company's inventory turnover?

Tennant Company (TNC) reported inventory turnover of 3.7× in Q1 2026.

How has Tennant Company's inventory turnover changed year-over-year?

Tennant Company's inventory turnover decreased by 5.8% year-over-year, from 3.9× to 3.7×.

What is the long-term trend for Tennant Company's inventory turnover?

Over 5 years (2020 to 2025), Tennant Company's inventory turnover has grown at a -2.5% compound annual growth rate (CAGR), from 4.3× to 3.8×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Tennant Company TNC Inventory turnover

Inventory turnover at other companies

CintasCTAS

12.6×+1.0×

Custom Truck One SourceCTOS

1.5×+0.2×

Alamo GroupALG

3.1×-0.1×

TerexTEX

3.4×+0.1×

SharkNinjaSN

48.6×-6.4×

Federal SignalFSS

4×0.0×

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.

total cost of revenue/inventories=3.7×

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 inventory turnover?: Tennant Company (TNC) reported inventory turnover of 3.7× in Q1 2026.
How has Tennant Company's inventory turnover changed year-over-year?: Tennant Company's inventory turnover decreased by 5.8% year-over-year, from 3.9× to 3.7×.
What is the long-term trend for Tennant Company's inventory turnover?: Over 5 years (2020 to 2025), Tennant Company's inventory turnover has grown at a -2.5% compound annual growth rate (CAGR), from 4.3× to 3.8×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.