TNCTENNANT CO
Refrigeration & Service Industry Machinery
- Revenue
- $1.2B
- 6.5% YoY
- Operating margin
- 5.7%
- 36% YoY
- EBITDA
- $113M
- 27% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.4×
- $273M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear148% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired170% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear16% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | $1.3B | $1.2B | 6.5% |
| Operating income | $94M | $87M | $139M | $114M | $68M | 40% |
| Net income | $65M | $66M | $110M | $84M | $44M | 48% |
| Operating cash flow | $69M | −$25M | $188M | $90M | $65M | 28% |
| Capex | $19M | $25M | $23M | $21M | $22M | 3.8% |
| Stock-based comp | $10M | $8M | $12M | $12M | $10M | 13% |
| Buybacks | $15M | $5M | $22M | $20M | $89M | 352% |
| Dividends | $18M | $19M | $20M | $21M | $22M | 2.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $208K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $208K
Pay vs performance
No pay-versus-performance disclosure yet.