What is Tennant Company's net debt?

Tennant Company (TNC) reported net debt of $311.1M in Q1 2026.

How has Tennant Company's net debt changed year-over-year?

Tennant Company's net debt increased by 81.9% year-over-year, from $171M to $311.1M.

What is the long-term trend for Tennant Company's net debt?

Over 5 years (2020 to 2025), Tennant Company's net debt has grown at a 1.2% compound annual growth rate (CAGR), from $212.6M to $225.5M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Tennant Company TNC Net debt

Discontinued — last reported Q1 '26

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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

See full

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.

$393.7Mtotal debt−$82.6Mcash and equivalents=$311.1M

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 net debt?: Tennant Company (TNC) reported net debt of $311.1M in Q1 2026.
How has Tennant Company's net debt changed year-over-year?: Tennant Company's net debt increased by 81.9% year-over-year, from $171M to $311.1M.
What is the long-term trend for Tennant Company's net debt?: Over 5 years (2020 to 2025), Tennant Company's net debt has grown at a 1.2% compound annual growth rate (CAGR), from $212.6M to $225.5M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.