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Tennant Valuation Multiples

Discover revenue and EBITDA valuation multiples for Tennant and similar public comparables like Petros Petropoulos, Frigoglass, and ABB India.

Tennant Overview

About Tennant

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.


Founded

1909

HQ

United States of America
Employees

4.6K+

Website

tennantco.com

Sectors

Machinery

Financials

LTM Revenue $1.3B

LTM EBITDA $201M

EV

$1.7B

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Tennant Financials

Tennant has a last 12-month revenue (LTM) of $1.3B and a last 12-month EBITDA of $201M.

In the most recent fiscal year, Tennant achieved revenue of $1.3B and an EBITDA of $169M.

Tennant expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Tennant P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $1.3B XXX $1.3B XXX XXX XXX
Gross Profit $528M XXX $550M XXX XXX XXX
Gross Margin 42% XXX 43% XXX XXX XXX
EBITDA $201M XXX $169M XXX XXX XXX
EBITDA Margin 16% XXX 13% XXX XXX XXX
EBIT $114M XXX $114M XXX XXX XXX
EBIT Margin 9% XXX 9% XXX XXX XXX
Net Profit $83.7M XXX $83.7M XXX XXX XXX
Net Margin 7% XXX 7% XXX XXX XXX
Net Debt XXX XXX $98.7M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Tennant Stock Performance

As of July 31, 2025, Tennant's stock price is $82.

Tennant has current market cap of $1.5B, and EV of $1.7B.

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Tennant Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.7B $1.5B XXX XXX XXX XXX $6.12

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Tennant Valuation Multiples

As of July 31, 2025, Tennant has market cap of $1.5B and EV of $1.7B.

Tennant's trades at 1.3x EV/Revenue multiple, and 10.0x EV/EBITDA.

Equity research analysts estimate Tennant's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Tennant has a P/E ratio of 18.2x.

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Tennant Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $1.5B XXX $1.5B XXX XXX XXX
EV (current) $1.7B XXX $1.7B XXX XXX XXX
EV/Revenue 1.3x XXX 1.3x XXX XXX XXX
EV/EBITDA 8.4x XXX 10.0x XXX XXX XXX
EV/EBIT 14.8x XXX 14.8x XXX XXX XXX
EV/Gross Profit 3.2x XXX n/a XXX XXX XXX
P/E 18.2x XXX 18.2x XXX XXX XXX
EV/FCF n/a XXX 24.8x XXX XXX XXX

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Tennant Margins & Growth Rates

Tennant's last 12 month revenue growth is 1%

Tennant's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Tennant's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tennant's rule of X is 18% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Tennant Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 1% XXX 0% XXX XXX XXX
EBITDA Margin 16% XXX 13% XXX XXX XXX
EBITDA Growth 2% XXX 2% XXX XXX XXX
Rule of 40 16% XXX 14% XXX XXX XXX
Bessemer Rule of X XXX XXX 18% XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 3% XXX XXX XXX
Opex to Revenue XXX XXX 34% XXX XXX XXX

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Tennant Public Comps

See public comps and valuation multiples for Machinery comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Aalberts XXX XXX XXX XXX XXX XXX
Doppler XXX XXX XXX XXX XXX XXX
Frigoglass XXX XXX XXX XXX XXX XXX
Petros Petropoulos XXX XXX XXX XXX XXX XXX
ABB India XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Tennant M&A and Investment Activity

Tennant acquired  XXX companies to date.

Last acquisition by Tennant was  XXXXXXXX, XXXXX XXXXX XXXXXX . Tennant acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Tennant

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Tennant

When was Tennant founded? Tennant was founded in 1909.
Where is Tennant headquartered? Tennant is headquartered in United States of America.
How many employees does Tennant have? As of today, Tennant has 4.6K+ employees.
Who is the CEO of Tennant? Tennant's CEO is Mr. David W. Huml.
Is Tennant publicy listed? Yes, Tennant is a public company listed on NYS.
What is the stock symbol of Tennant? Tennant trades under TNC ticker.
When did Tennant go public? Tennant went public in 1972.
Who are competitors of Tennant? Similar companies to Tennant include e.g. Aalberts, Doppler, Frigoglass, Petros Petropoulos.
What is the current market cap of Tennant? Tennant's current market cap is $1.5B
What is the current revenue of Tennant? Tennant's last 12 months revenue is $1.3B.
What is the current revenue growth of Tennant? Tennant revenue growth (NTM/LTM) is 1%.
What is the current EV/Revenue multiple of Tennant? Current revenue multiple of Tennant is 1.3x.
Is Tennant profitable? Yes, Tennant is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Tennant? Tennant's last 12 months EBITDA is $201M.
What is Tennant's EBITDA margin? Tennant's last 12 months EBITDA margin is 16%.
What is the current EV/EBITDA multiple of Tennant? Current EBITDA multiple of Tennant is 8.4x.

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