Operating Income for Tennant (TNC)
According to Tennant's latest reported financial statements, the company's current operating income (TTM) is $72.90M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

TNC
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$72.90M
YoY change
-29.0%
5Y CAGR
+4.9%
Peak year (2023)
$138.60M
Cumulative operating income
$1.73B
Operating Income history chart for Tennant (TNC) from 1985 to 2025
Operating Income history table for Tennant (TNC) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $81.10M | -29.0% | ||
| 2024 | $114.30M | -17.5% | ||
| 2023 | $138.60M | +58.9% | ||
| 2022 | $87.20M | -6.9% | ||
| 2021 | $93.70M | +47.1% | ||
| 2020 | $63.70M | -11.3% | ||
| 2019 | $71.80M | +23.8% | ||
| 2018 | $57.98M | +114.4% | ||
| 2017 | $27.04M | -60.5% | ||
| 2016 | $68.50M | +28.8% | ||
| 2015 | $53.18M | -26.2% | ||
| 2014 | $72.10M | +15.5% | ||
| 2013 | $62.40M | -0.5% | ||
| 2012 | $62.70M | +26.3% | ||
| 2011 | $49.65M | +33.7% | ||
| 2010 | $37.13M | -265.1% | ||
| 2009 | -$22.49M | -221.1% | ||
| 2008 | $18.57M | -66.1% | ||
| 2007 | $54.84M | +37.2% | ||
| 2006 | $39.96M | +14.7% | ||
| 2005 | $34.84M | +63.5% | ||
| 2004 | $21.31M | -6.0% | ||
| 2003 | $22.68M | +45.6% | ||
| 2002 | $15.58M | +16.1% | ||
| 2001 | $13.42M | -69.2% | ||
| 2000 | $43.52M | +14.8% | ||
| 1999 | $37.90M | +1.6% | ||
| 1998 | $37.30M | +3.3% | ||
| 1997 | $36.10M | +14.2% | ||
| 1996 | $31.60M | +4.6% | ||
| 1995 | $30.20M | +25.3% | ||
| 1994 | $24.10M | +56.5% | ||
| 1993 | $15.40M | -4.9% | ||
| 1992 | $16.20M | -3.6% | ||
| 1991 | $16.80M | -13.8% | ||
| 1990 | $19.50M | -3.0% | ||
| 1989 | $20.10M | +9.8% | ||
| 1988 | $18.30M | +11.6% | ||
| 1987 | $16.40M | +6.5% | ||
| 1986 | $15.40M | +14.1% | ||
| 1985 | $13.50M | — |
Operating Income values are taken from Tennant's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Tennant (TNC) operating income totalled $81.10M – declined 29.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Tennant operating income compounded at +4.9% per year, with the latest reading among the more recent periods of the dataset.
Tennant operating income peaked at $138.60M in 2023; the latest annual figure is $81.10M in 2025 (41.5% below peak).
The highest annual operating income of $138.60M was reported in 2023. The lowest in the available history was -$22.49M in 2009.
Within Industrials, Tennant (TNC) ranks 8th among 8 peers we track. The peer median for operating income is $8.59B.
Tennant Operating Income by Year
Tennant Operating Income 2025: $81.10M
Tennant operating income in 2025 was $81.10M, declined 29.0% below 2024.
Tennant Operating Income 2024: $114.30M
Tennant operating income in 2024 was $114.30M, declined 17.5% below 2023.
Tennant Operating Income 2023: $138.60M
Tennant operating income in 2023 was $138.60M, surged 58.9% from 2022. This figure represents the highest annual value in the available history.
Tennant Operating Income 2022: $87.20M
Tennant operating income in 2022 was $87.20M, declined 6.9% below 2021.
Tennant Operating Income 2021: $93.70M
Tennant operating income in 2021 was $93.70M.
See more financial history for Tennant (TNC).
Sector peers — Operating Income
Companies in the same sector as Tennant, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Tennant's operating income?
Latest reported operating income for Tennant (TNC) is $72.90M (period ending December 31, 2025).
How has Tennant operating income changed year-over-year?
Tennant (TNC) operating income changed -29.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Tennant operating income?
Tennant (TNC) operating income compound annual growth rate is +4.9% over the most recent 5 years available.
When did Tennant operating income hit its highest annual value?
Tennant operating income reached its highest annual value of $138.60M in 2023.
What was Tennant operating income in 2024?
Tennant (TNC) operating income in 2024 was $114.30M.
What was Tennant operating income in 2025?
Tennant (TNC) operating income in 2025 was $81.10M.
Metrics overview
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