Tennant Valuation Multiples

Tennant Overview

About Tennant

Tennant Co is engaged in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, reduce environmental impact and help create a cleaner, safer, healthier world. The Company is committed to creating and commercializing breakthrough, sustainable cleaning innovations to enhance its broad suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, and asset management solutions. Its products are used in many types of environments, including retail establishments, distribution centers, factories and warehouses, public venues such as arenas and stadiums, office buildings, schools, and more.

Founded

1909

HQ

Employees

4.5K

Website

tennantco.com

Sectors

Machinery

Financials (LTM)

Revenue: $1B

EBITDA: $163M

EV

$1B

Valuation Multiples

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Tennant Financials

Tennant reported last 12-month revenue of $1B and EBITDA of $163M.

In the same LTM period, Tennant generated $490M in gross profit, $163M in EBITDA, and $46M in net income.

Tennant P&L

In the most recent fiscal year, Tennant reported revenue of $1B and EBITDA of $167M.

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

Tennant Stock Performance

Tennant has current market cap of $1B, and enterprise value of $1B.

Tennant's stock price is $60.91.

Tennant Valuation Multiples

Tennant trades at 1.1x EV/Revenue multiple, and 7.9x EV/EBITDA.

Tennant Financial Valuation Multiples

As of March 16, 2026, Tennant has market cap of $1B and EV of $1B.

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 23.8x.

Tennant Margins & Growth Rates

Tennant's revenue in the last 12 month grew by 5%.

Tennant's revenue per employee in the last FY averaged $0.3M.

Tennant's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tennant's rule of X is 25% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Tennant Public Comps

See public comps and valuation multiples for other Machinery comps.

Tennant M&A Activity

Tennant acquired XXX companies to date.

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

Tennant Investment Activity

Tennant invested in XXX companies to date.

Tennant made its latest investment on XXXXXXXX, XXXXX. Tennant invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).