Tennant Company (TNC) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Tennant Company Revenue Highlights

Latest Revenue (Y)

$1.24B

Latest Revenue (Q)

$315.80M

Main Segment (Y)

Equipment Sales

Main Geography (Y)

Americas

Tennant Company Revenue by Period

Tennant Company Revenue by Year

Date	Revenue	Change
2023-12-31	$1.24B	13.86%
2022-12-31	$1.09B	0.13%
2021-12-31	$1.09B	8.97%
2020-12-31	$1.00B	-12.01%
2019-12-31	$1.14B	1.25%
2018-12-31	$1.12B	12.01%
2017-12-31	$1.00B	24.05%
2016-12-31	$808.57M	-0.40%
2015-12-31	$811.80M	-1.24%
2014-12-31	$821.98M	9.30%
2013-12-31	$752.01M	1.76%
2012-12-31	$738.98M	-1.99%
2011-12-31	$754.00M	12.93%
2010-12-31	$667.67M	12.05%
2009-12-31	$595.88M	-15.05%
2008-12-31	$701.40M	5.60%
2007-12-31	$664.22M	10.89%
2006-12-31	$598.98M	8.33%
2005-12-31	$552.91M	8.89%
2004-12-31	$507.79M	11.86%
2003-12-31	$453.96M	7.02%
2002-12-31	$424.18M	0.29%
2001-12-31	$422.97M	-6.84%
2000-12-31	$454.04M	5.74%
1999-12-31	$429.40M	10.27%
1998-12-31	$389.40M	4.56%
1997-12-31	$372.40M	8.13%
1996-12-31	$344.40M	5.84%
1995-12-31	$325.40M	15.51%
1994-12-31	$281.70M	27.47%
1993-12-31	$221.00M	-

Tennant Company generated $1.24B in revenue during NA 2023, up 13.86% compared to the previous quarter, and up 110.69% compared to the same period a year ago.

Tennant Company Revenue by Quarter

Date	Revenue	Change
2024-09-30	$315.80M	-4.59%
2024-06-30	$331.00M	6.43%
2024-03-31	$311.00M	-0.13%
2023-12-31	$311.40M	2.20%
2023-09-30	$304.70M	-5.28%
2023-06-30	$321.70M	5.20%
2023-03-31	$305.80M	5.09%
2022-12-31	$291.00M	10.69%
2022-09-30	$262.90M	-6.17%
2022-06-30	$280.20M	8.56%
2022-03-31	$258.10M	-6.62%
2021-12-31	$276.40M	1.62%
2021-09-30	$272.00M	-2.54%
2021-06-30	$279.10M	6.00%
2021-03-31	$263.30M	-3.55%
2020-12-31	$273.00M	4.24%
2020-09-30	$261.90M	22.38%
2020-06-30	$214.00M	-15.11%
2020-03-31	$252.10M	-14.48%
2019-12-31	$294.80M	5.02%
2019-09-30	$280.70M	-6.34%
2019-06-30	$299.70M	14.17%
2019-03-31	$262.50M	-7.96%
2018-12-31	$285.21M	4.38%
2018-09-30	$273.25M	-6.48%
2018-06-30	$292.20M	7.09%
2018-03-31	$272.85M	-2.31%
2017-12-31	$279.30M	6.63%
2017-09-30	$261.92M	-3.28%
2017-06-30	$270.79M	41.73%
2017-03-31	$191.06M	-9.77%
2016-12-31	$211.75M	5.80%
2016-09-30	$200.13M	-7.70%
2016-06-30	$216.83M	20.55%
2016-03-31	$179.86M	-12.63%
2015-12-31	$205.85M	0.51%
2015-09-30	$204.80M	-4.92%
2015-06-30	$215.40M	15.97%
2015-03-31	$185.74M	-14.12%
2014-12-31	$216.28M	6.73%
2014-09-30	$202.64M	-7.50%
2014-06-30	$219.08M	19.08%
2014-03-31	$183.98M	-5.72%
2013-12-31	$195.14M	3.50%
2013-09-30	$188.54M	-5.84%
2013-06-30	$200.24M	19.12%
2013-03-31	$168.09M	-10.35%
2012-12-31	$187.51M	5.18%
2012-09-30	$178.27M	-10.64%
2012-06-30	$199.49M	14.84%
2012-03-31	$173.71M	-10.07%
2011-12-31	$193.16M	3.30%
2011-09-30	$186.99M	-7.09%
2011-06-30	$201.26M	16.61%
2011-03-31	$172.59M	-5.58%
2010-12-31	$182.79M	8.39%
2010-09-30	$168.64M	1.50%
2010-06-30	$166.14M	10.68%
2010-03-31	$150.11M	-8.60%
2009-12-31	$164.22M	6.34%
2009-09-30	$154.43M	3.94%
2009-06-30	$148.58M	15.49%
2009-03-31	$128.65M	-16.07%
2008-12-31	$153.28M	-17.56%
2008-09-30	$185.94M	-3.95%
2008-06-30	$193.58M	14.82%
2008-03-31	$168.60M	-7.67%
2007-12-31	$182.61M	13.19%
2007-09-30	$161.33M	-

Tennant Company generated $315.80M in revenue during Q3 2024, up -4.59% compared to the previous quarter, and up 98.17% compared to the same period a year ago.

Tennant Company Revenue Breakdown

Tennant Company Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Service and Other	$187.70M	$165.10M	-	-	-
Parts and Consumables	$279.50M	$263.10M	$221.00M	-	-
Specialty Service Coatings	-	-	-	-	-
Equipment Sales	$776.40M	$664.00M	$742.70M	-	-
Maintenance	-	-	$32.50M	$21.80M	-
Services and Other	-	-	-	-	$148.20M
Specialty Surface Coatings	-	-	-	-	$25.70M

Tennant Company's latest annual revenue breakdown by segment (product or service), as of Dec 23: Equipment Sales (62.43%), Parts and Consumables (22.48%), and Service and Other (15.09%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Service and Other	$51.20M	$50.60M	$47.30M	$46.90M	$47.50M	$46.00M	$42.00M	$41.70M	-	-	-	-	-	-	-	-	-	-	-	-
Equipment Sales	$196.60M	$189.80M	$197.30M	$189.50M	$203.20M	$186.40M	$180.00M	$153.80M	$167.60M	$134.60M	$154.20M	$223.50M	$169.30M	$188.40M	-	-	-	-	-	-
Parts and Consumables	$68.00M	$70.60M	$66.80M	$68.30M	$71.00M	$73.40M	$69.00M	$67.40M	$52.70M	$43.20M	$54.20M	$57.90M	$44.10M	$63.20M	-	-	-	-	-	-
Specialty Service Coatings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maintenance	-	-	-	-	-	-	-	-	$8.30M	$6.50M	$7.30M	$8.10M	$17.10M	$3.40M	-	-	-	-	-	-
Services and Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$36.30M	$31.00M	$37.60M	$7.90M	$60.40M	$41.00M
Specialty Surface Coatings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.30M	$5.20M	$6.10M	$5.50M	$6.90M	$7.10M

Tennant Company's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Equipment Sales (62.25%), Parts and Consumables (21.53%), and Service and Other (16.21%).

Tennant Company Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 19	Dec 18
UNITED STATES	$726.80M	$618.80M	$609.60M	-
Americas	$840.30M	$705.90M	$722.40M	$691.00M
Americas, Excluding United States	$113.50M	$87.10M	-	-
Asia Pacific	$88.90M	$84.70M	$107.60M	$96.91M
EMEA	$314.40M	$301.60M	$307.60M	$335.60M
Other Americas	-	-	$112.80M	-

Tennant Company's latest annual revenue breakdown by geography, as of Dec 23: Americas (40.32%), UNITED STATES (34.88%), EMEA (15.09%), Americas, Excluding United States (5.45%), and Asia Pacific (4.27%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Sep 18	Jun 18	Mar 18
EMEA	$76.30M	$76.80M	$80.30M	$72.00M	$80.00M	$82.10M	$76.60M	$69.00M	$69.50M	$54.80M	$72.00M	$79.00M	$69.70M	$80.90M	$78.10M	$74.25M	$87.41M	$88.82M
Asia Pacific	$20.80M	$18.60M	$22.90M	$21.50M	$25.10M	$19.40M	$21.20M	$19.90M	$24.70M	$22.90M	$17.50M	$29.80M	$24.90M	$29.30M	$23.60M	$23.66M	$26.04M	$21.39M
Americas	$218.70M	$215.60M	$208.10M	$211.20M	$216.60M	$204.40M	$193.20M	$174.00M	$167.70M	$136.30M	$162.60M	$186.00M	$186.10M	$189.50M	$160.80M	$175.34M	$178.75M	$162.64M

Tennant Company's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (69.25%), EMEA (24.16%), and Asia Pacific (6.59%).

Tennant Company Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
DCI	Donaldson Company	$3.59B	$927.90M
IEX	IDEX	$3.27B	$798.20M
FELE	Franklin Electric	$2.07B	$531.44M
WTS	Watts Water	$2.06B	$543.60M
TNC	Tennant Company	$1.24B	$315.80M
NPO	EnPro Industries	$1.06B	$260.90M
KAI	Kadant	$957.67M	$271.61M
GRC	Gorman-Rupp Company	$659.51M	$168.18M
EPAC	Enerpac Tool Group	$589.51M	$150.39M
LXFR	Luxfer	$405.00M	$99.40M
HURC	Hurco Companies	$227.81M	$42.65M
OFLX	Omega Flex	$111.47M	$24.88M
TAYD	Taylor Devices	$44.58M	$11.62M

TNC Revenue FAQ

What is Tennant Company’s yearly revenue?

Tennant Company's yearly revenue for 2023 was $1.24B, representing an increase of 13.86% compared to 2022. The company's yearly revenue for 2022 was $1.09B, representing an increase of 0.13% compared to 2021. TNC's yearly revenue for 2021 was $1.09B, representing an increase of 8.97% compared to 2020.

What is Tennant Company’s quarterly revenue?

Tennant Company's quarterly revenue for Q3 2024 was $315.8M, a -4.59% decrease from the previous quarter (Q2 2024), and a 3.64% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $331M, a 6.43% increase from the previous quarter (Q1 2024), and a 2.89% increase year-over-year (Q2 2023). TNC's quarterly revenue for Q1 2024 was $311M, a -0.13% decrease from the previous quarter (Q4 2023), and a 1.70% increase year-over-year (Q1 2023).

What is Tennant Company’s revenue growth rate?

Tennant Company's revenue growth rate for the last 3 years (2021-2023) was 14.01%, and for the last 5 years (2019-2023) was 9.32%.

What are Tennant Company’s revenue streams?

Tennant Company's revenue streams in c 23 are Service and Other, Parts and Consumables, and Equipment Sales. Service and Other generated $187.7M in revenue, accounting 15.09% of the company's total revenue, up 13.69% year-over-year. Parts and Consumables generated $279.5M in revenue, accounting 22.48% of the company's total revenue, up 6.23% year-over-year. Equipment Sales generated $776.4M in revenue, accounting 62.43% of the company's total revenue, up 16.93% year-over-year.

What is Tennant Company’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Tennant Company was Equipment Sales. This segment made a revenue of $776.4M, representing 62.43% of the company's total revenue.