Tennant Company

TNCNYSEIndustrials● Active

$85.31

+$1.30(+1.55%)

Market Cap$1.5B

P/E Ratio—

52W High$88.86

52W Low$60.18

Avg Volume281K

Open$84.22

Beta1.12

Free Cash Flow Financials Revenue

Tennant Company (TNC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TNC · free cash flow · updated Jun 9, 2026

Core FCF metrics

TNC · FCF · TTM · margin & CAGR

Free cash flow was $43.3M for FY2025 (fiscal year ending 2025-12-31), down 36.6% year-over-year The FCF margin was 3.6%. Five-year CAGR stands at -16.0%.

FY2025 Free Cash Flow$43.3M▼ -36.6% YoY

Trailing 12M (TTM)$16.4Mtrailing 4 quarters sum

FCF Margin3.6%$43.3M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR-16.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TNC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$65.0M(22M)$43.3M▼ 36.6%3.6%

FY2024$89.7M(21M)$68.3M▼ 58.5%5.3%

FY2023$188.4M(24M)$164.4M▲ +402.2%13.2%

FY2022−$25.1M(29M)−$54.4M▼ 217.5%-5.0%

FY2021$69.4M(23M)$46.3M▼ 55.4%4.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TNC · P/FCF · FCF yield · FCF per share

Tennant Company (TNC) trades at a FCF yield of 1.13% and a price-to-free-cash-flow ratio of 95.9x. FCF per share stands at $0.89, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.13%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.89

TTM FCF ÷ Shares Outstanding

Price / FCF

x95.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x107.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TNC · cash flow statement · operating / investing / financing

For FY2025, Tennant Company generated $65.0M in operating cash flow and spent 22M in capital expenditures, yielding $43.3M in free cash flow.

Operating Activities

+$65.0M

Cash from core business operations

2025-12-31

Investing Activities

−$22.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$38.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($65.0M) − |CapEx| (22M) = FCF ($43.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

TNC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Tennant CompanyYOU

TNC

$43.3M-36.6%3.6%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Tennant Company (TNC) reported free cash flow of $43.3M for FY2025 (fiscal year ending 2025-12-31), down 36.6% year-over-year. The FCF margin was 3.6%.

Based on available data, Tennant Company has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $164.4M in FY2023. The 5-year CAGR stands at -16.0%.

Tennant Company's FCF yield is 1.13% and price-to-FCF ratio is 95.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TNC free cash flow · 8 questions

Tennant Company free cash flow was $43.3M for FY2025, down 36.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $16.4M.

TNC free cash flowTNC FCFTNC FCF 2025TNC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Tennant Company · Tennant Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026