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Tennant Company TNC Sales Incentives — Contract with Customer, Refund Liability

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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

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

Where this comes from

Reported directly by Tennant Company in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerRefundLiability.

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 sales incentives — contract with customer, refund liability?
Tennant Company (TNC) reported sales incentives — contract with customer, refund liability of $10.6M in Q1 2026.
How has Tennant Company's sales incentives — contract with customer, refund liability changed year-over-year?
Tennant Company's sales incentives — contract with customer, refund liability decreased by 22.1% year-over-year, from $13.6M to $10.6M.
What is the long-term trend for Tennant Company's sales incentives — contract with customer, refund liability?
Over 4 years (2021 to 2025), Tennant Company's sales incentives — contract with customer, refund liability has grown at a 0.3% compound annual growth rate (CAGR), from $61.8M to $62.6M.
What does sales incentives — contract with customer, refund liability mean?
This metric represents the estimated obligation to refund customers for sales incentives, rebates, or volume discounts earned under customer contracts. It reflects the portion of revenue that the company expects to return or credit back to customers based on performance criteria. Monitoring this liability helps investors assess the company's future cash outflow commitments related to sales promotion programs.