Cleaning floors isn't exactly a glamorous business. You probably don't think about the massive, humming machines scrubbing warehouse aisles or hospital corridors while you sleep. But if you’re looking at the tennant company stock price, you’re looking at a company that basically owns that space.
Right now, as of mid-January 2026, Tennant (NYSE: TNC) is trading around $78.24. It’s been a bit of a rollercoaster. If you’ve held the stock for the last year, you’ve seen it dip as low as $67.32 and climb as high as $90.44.
Honestly, the market is acting a little confused about this one. On one hand, you've got an industrial giant that hasn't missed a dividend in over 50 years. On the other, the quarterly numbers recently came in a bit soft, and investors got spooked.
What’s Actually Happening with the Numbers?
If you just look at the headline from Q3 2025, it looks kinda grim. Revenue was $303.3 million. That was down about 4% year-over-year.
Naturally, the tennant company stock price took a hit when those results dropped, sliding over 6% in a single day. But here’s the thing: you’ve got to look at why that happened.
Last year, the company was still clearing out a massive backlog of orders. It’s like when a dam breaks—suddenly, you have all this water (revenue) at once. Now that the dam is empty, things have "normalized." When you strip away that backlog "noise," the underlying business actually looks okay. Orders were actually up 2% in the last reported quarter.
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The company is basically a cash machine that is currently hitting a speed bump. Their adjusted EBITDA margin is sitting at a healthy 16.4%. That’s not a company in trouble; it’s a company managing a transition.
The Robotic Revolution Nobody Talks About
While everyone is obsessed with AI software, Tennant is putting AI into 900-pound floor scrubbers. Their AMR (Autonomous Mobile Robot) business grew about 9% in sales recently. More importantly, the number of units shipped jumped 25%.
Why does this matter for the tennant company stock price?
Labor is expensive. Janitorial staff are hard to find and harder to keep. If a warehouse manager can buy a robot like the new X4 or X6 Rover that works 24/7 without a lunch break, they’re going to do it.
Tennant is moving from just selling "hardware" to selling "service." They’re even experimenting with "Equipment as a Service." Instead of a one-time check for $50,000, they get a steady monthly subscription. Wall Street loves recurring revenue. It’s predictable. It’s sticky.
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Valuation: Is It Actually Cheap?
If you ask the analysts at Simply Wall St, they’ll tell you the stock is fundamentally undervalued. Some models suggest an intrinsic value closer to $138 per share.
That feels a bit optimistic, but even conservative price targets from firms like Roth Capital sit around $102. If that’s true, there’s roughly 30% upside from where we are today.
- P/E Ratio: Currently around 26.6x.
- Dividend Yield: Roughly 1.6%.
- Dividend History: 53 consecutive years of increases.
That dividend is the "sleep well at night" part of the thesis. In October 2025, they bumped the quarterly payout to $0.31 per share. They’re essentially signaling to the market: "Yeah, volumes are a little soft right now, but we’ve got plenty of cash."
The Risks: Tariffs and To-Do Lists
It’s not all sunshine and clean floors. There are real risks here.
Tariffs are the big elephant in the room. Management mentioned it specifically in recent calls. Since Tennant has a global supply chain, trade wars can eat into their margins fast. They’re trying to mitigate this with "strategic supply-chain optimization," which is corporate-speak for "finding cheaper ways to build stuff."
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Then there’s the ERP implementation. If you’ve ever worked in a big company, you know that updating enterprise software is a nightmare. It’s expensive and it can mess up shipping schedules.
Actionable Insights for Investors
If you’re watching the tennant company stock price, don't just stare at the daily ticker. The real story is in the shift toward automation.
Watch the "Service" Revenue
In the next few earnings reports, look for how much of their money is coming from parts, consumables, and service contracts versus just machine sales. The more "service" they sell, the more stable the stock becomes.
Keep an Eye on the Debt
Tennant has been smart with their balance sheet. Their net leverage is below 1.0x EBITDA. In a high-interest-rate environment, that’s a massive competitive advantage over smaller, scrappier competitors who are drowning in debt.
The "Value" Play
If the price stays below $80, it’s arguably in "buy and hold" territory for a long-term dividend portfolio. It’s not a "get rich quick" meme stock. It’s a "slow and steady wins the race" industrial play.
Next Steps for Your Portfolio
- Check the Q4 Earnings: Tennant is expected to report full-year 2025 results in mid-February 2026. Watch for that $1.21 to $1.25 billion revenue guidance.
- Monitor the AMR Growth: If the unit volume of robotic scrubbers continues to grow at 20%+, the market will eventually have to re-rate the stock as a tech-adjacent play rather than just a "mop and bucket" company.
- Evaluate the Yield: If you’re an income investor, calculate your yield on cost. With a 53-year track record, the safety of that 1.6% yield is much higher than a 5% yield from a struggling retailer.
The tennant company stock price reflects a company in the middle of an identity shift. It’s moving from the old industrial world to the new automated one, and the market is still deciding how to price that transition.