Tennant Company (TNC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TNC Revenue Growth
Revenue Breakdown (FY 2025)
TNC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TNC Revenue Analysis (2014–2025)
As of May 8, 2026, Tennant Company (TNC) generated trailing twelve-month (TTM) revenue of $1.21 billion, reflecting modest growth of +2.7% year-over-year. The most recent quarter (Q1 2026) recorded $297.9 million in revenue, up 2.2% sequentially.
Looking at the longer-term picture, TNC's 5-year compound annual growth rate (CAGR) stands at +3.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.29 billion in 2024.
Revenue diversification analysis shows TNC's business is primarily driven by Equipment Sales (59%), Parts and Consumables (23%), and Service and Other (18%). With over half of revenue concentrated in Equipment Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including NDSN (+6.5% YoY), KAI (-0.1% YoY), and MIDD (-3.7% YoY), TNC has underperformed the peer group in terms of revenue growth. Compare TNC vs NDSN →
TNC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TNCCurrent | $1.2B | +2.7% | +3.8% | 6.7% | |
 NDSN | $2.8B | +6.5% | +5.6% | 25.5% | |
 KAI | $1.1B | -0.1% | +10.6% | 14.9% | |
 MIDD | $3.2B | -3.7% | +5.0% | 18.4% | |
 ASTE | $1.4B | +11.5% | +6.6% | 4.6% |
TNC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.20B | -6.5% | $484.3M | 40.2% | $81.1M | 6.7% |
| 2024 | $1.29B | +3.5% | $550.0M | 42.7% | $114.3M | 8.9% |
| 2023 | $1.24B | +13.9% | $527.8M | 42.4% | $138.6M | 11.1% |
| 2022 | $1.09B | +0.1% | $420.9M | 38.5% | $87.2M | 8.0% |
| 2021 | $1.09B | +9.0% | $438.0M | 40.2% | $93.7M | 8.6% |
| 2020 | $1.00B | -12.0% | $407.8M | 40.7% | $63.7M | 6.4% |
| 2019 | $1.14B | +1.3% | $461.7M | 40.6% | $71.8M | 6.3% |
| 2018 | $1.12B | +12.0% | $445.0M | 39.6% | $58.0M | 5.2% |
| 2017 | $1.00B | +24.1% | $404.4M | 40.3% | $27.0M | 2.7% |
| 2016 | $808.6M | -0.4% | $351.6M | 43.5% | $68.5M | 8.5% |
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Start ComparisonTNC — Frequently Asked Questions
Quick answers to the most common questions about buying TNC stock.
Is TNC's revenue growth accelerating or slowing?
TNC revenue growth slowed to +2.7%, below the 5-year CAGR of +3.8%. TTM revenue is $1.2B. The deceleration marks a shift from historical growth rates.
What is TNC's long-term revenue growth rate?
Tennant Company's 5-year revenue CAGR of +3.8% reflects the variable expansion pattern. Current YoY growth of +2.7% is near this long-term average.
How is TNC's revenue distributed by segment?
TNC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.