$66.02

+0.42 (+0.64%)

Pre-Market: $64.00 (-2.02, -3.06%)

Weekly Expected Move ±2.8%

$62 $64 $66 $68 $70

NYSE · Industrials · Industrial - Machinery · Tech Score Sell · Power 44 · $1.1B mcap · 17M float · 1.14% daily turnover · Short 55% of daily vol

Credit Risk of going bust: lower than 53% of companies Debt: 25.8% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.69 (down 97%), Tennant Company would be worth roughly what it owes.
Total debt $391.8M against a stock market value of $1.13B.
Distance to default 5.48 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $178.8M (short-term plus half of long-term), stock volatility 41.2%; Altman Z 2.89. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

38.9 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 3.4% · 5Y Avg: 9.0%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. TNC has No discernible competitive edge (38.9/100). The business operates without significant structural advantages. The primary source of advantage is Intangible Assets. ROIC of 3.4% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 6Hold: 2Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2024-05-16	C.L. King	Thomas Hayes	Initiated	$140	—	+32.7%	$105.48

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. TNC receives an overall rating of C+. Areas of concern: ROE (2/5), ROA (2/5), D/E (2/5), P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-07-01	B	C+
2026-04-01	B-	B
2026-02-26	C	B-
2026-02-24	B	C
2026-01-03	B+	B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 31 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. TNC scores highest in Safety (80/100) and lowest in Cash Flow (16/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

3.20

Safe Zone

Piotroski F-Score

3/9

✓ ✓ ✗ ✗ ✗ ✗ ✓ ✗ ✗

Beneish M-Score

-2.20

Unlikely Manipulator

Ohlson O-Score

-6.47

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

BBB

Score: 56.4/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 0.91x

Accruals: 0.1%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. TNC scores 3.20, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. TNC scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TNC's score of -2.20 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. TNC's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. TNC receives an estimated rating of BBB (score: 56.4/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). TNC's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

65.93x

PEG

-0.95x

P/S

0.93x

P/B

2.09x

P/FCF

-518.34x

P/OCF

90.01x

EV/EBITDA

18.80x

EV/Revenue

1.49x

EV/EBIT

49.40x

EV/FCF

-626.92x

Earnings Yield

1.22%

FCF Yield

-0.19%

Shareholder Yield

9.12%

Graham Number

$27.29

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 65.9x earnings, TNC is priced for high growth expectations. Graham's intrinsic value formula yields $27.29 per share, 142% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.744

NI / EBT

Interest Burden

0.668

EBT / EBIT

EBIT Margin

0.030

EBIT / Rev

Asset Turnover

0.969

Rev / Assets

Equity Multiplier

2.120

Assets / Equity

ROE

3.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TNC's ROE of 3.1% is driven by Asset Turnover (0.969), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$9.06

Price/Value

9.66x

Margin of Safety

-866.37%

Premium

866.37%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TNC's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TNC trades at a 866% premium to its adjusted intrinsic value of $9.06, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 65.9x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$66.02

Median 1Y

$62.88

5th Pctile

$35.56

95th Pctile

$111.47

Ann. Volatility

34.4%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
David W. Huml President and Chief Executive Officer	$992,385	$3,400,027	$4,672,864
Fay West Financial ancial Officer and Principal Accounting Officer	$592,095	$954,369	$1,728,577
Richard H. Zay Chief Commercial Officer	$526,370	$848,447	$1,478,675
Kristin A. Erickson Senior Vice President, General Counsel	$557,890	$628,221	$1,266,456
Barbara A. Balinski Senior Vice President, Chief Transformation Officer	$393,972	$555,645	$973,482

CEO Pay Ratio

56:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $4,672,864

Avg Employee Cost (SGA/emp): $83,586

Employees: 4,484

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

4,484

-3.2% YoY

Revenue / Employee

$268,399

Rev: $1,203,500,000

Profit / Employee

$9,768

NI: $43,800,000

SGA / Employee

$83,586

Avg labor cost proxy

R&D / Employee

$9,188

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	14.2%	15.5%	11.6%	13.0%	11.6%	14.7%	17.3%	19.9%	21.1%	20.9%	20.5%	19.2%	18.1%	14.0%	11.0%	9.5%	8.5%	7.2%	5.3%	3.1%	3.09%
ROA	5.6%	6.1%	4.6%	5.3%	4.9%	6.2%	7.5%	8.9%	9.9%	10.0%	10.1%	9.7%	9.5%	7.3%	5.9%	5.0%	4.4%	3.6%	2.5%	1.5%	1.46%
ROIC	13.3%	13.2%	10.1%	8.9%	7.8%	9.6%	12.1%	14.6%	16.7%	17.5%	16.4%	15.4%	14.6%	11.8%	9.6%	8.5%	7.8%	6.2%	4.7%	3.4%	3.41%
ROCE	9.8%	10.6%	7.6%	9.5%	9.3%	10.6%	12.8%	15.2%	17.3%	16.4%	15.6%	14.9%	14.0%	12.7%	10.4%	8.9%	8.0%	6.9%	5.2%	3.8%	3.79%
Gross Margin	40.1%	36.4%	38.3%	37.8%	38.3%	39.6%	41.0%	43.4%	43.3%	42.0%	44.2%	43.1%	42.4%	41.3%	41.4%	42.1%	42.7%	34.6%	38.1%	39.5%	39.48%
Operating Margin	8.8%	4.7%	5.7%	6.8%	8.1%	9.8%	11.7%	13.5%	11.4%	7.9%	12.1%	11.7%	9.7%	2.3%	6.8%	9.6%	7.4%	-1.4%	1.6%	4.9%	4.91%
Net Margin	7.9%	2.9%	4.0%	5.9%	5.9%	8.2%	7.9%	9.7%	7.5%	10.0%	9.1%	8.4%	6.6%	2.0%	4.5%	6.3%	4.9%	-1.5%	0.1%	2.3%	2.35%
EBITDA Margin	13.2%	9.3%	10.7%	12.1%	12.7%	14.0%	15.7%	17.5%	15.1%	12.3%	16.4%	16.1%	13.9%	6.4%	11.6%	13.9%	12.0%	3.9%	6.4%	9.1%	9.14%
FCF Margin	7.6%	4.2%	1.3%	-2.0%	-6.2%	-5.0%	-1.0%	3.5%	9.5%	13.2%	11.2%	9.6%	7.6%	5.3%	4.8%	5.2%	4.9%	3.6%	1.3%	-0.2%	-0.24%
OCF Margin	9.1%	6.4%	3.8%	0.7%	-3.0%	-2.3%	1.4%	5.8%	11.3%	15.1%	12.8%	11.1%	9.1%	7.0%	6.8%	7.2%	7.1%	5.4%	2.8%	1.4%	1.37%
ROE 3Y Avg	snapshot only																				10.13%
ROE 5Y Avg	snapshot only																				12.33%
ROA 3Y Avg	snapshot only																				5.26%
ROIC 3Y Avg	snapshot only																				6.19%
ROIC Economic	snapshot only																				3.21%
Cash ROA	snapshot only																				1.31%
Cash ROIC	snapshot only																				1.97%
CROIC	snapshot only																				-0.34%
NOPAT Margin	snapshot only																				2.38%
Pretax Margin	snapshot only																				2.02%
R&D / Revenue	snapshot only																				3.68%
SGA / Revenue	snapshot only																				23.60%
SBC / Revenue	snapshot only																				0.67%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	22.11	22.22	28.39	18.73	20.06	16.67	15.37	15.46	13.28	15.60	19.94	16.79	16.65	18.27	21.85	23.67	27.32	30.60	38.26	82.14	65.928
P/S Ratio	1.21	1.32	1.29	0.97	0.94	1.01	1.08	1.24	1.11	1.37	1.81	1.47	1.42	1.19	1.18	1.15	1.21	1.11	0.98	1.24	0.925
P/B Ratio	2.98	3.32	3.22	2.44	2.38	2.35	2.51	2.82	2.49	2.96	3.68	2.96	2.78	2.46	2.39	2.20	2.34	2.23	2.23	2.82	2.092
P/FCF	15.91	31.21	101.11	-48.60	-15.12	-20.31	-107.33	35.30	11.64	10.39	16.18	15.36	18.77	22.39	24.42	21.93	24.38	31.17	73.89	-518.34	-518.338
P/OCF	13.26	20.78	34.36	131.81	—	—	76.67	21.37	9.82	9.07	14.14	13.25	15.52	17.05	17.30	15.91	16.96	20.62	34.57	90.01	90.011
EV/EBITDA	11.18	12.11	14.32	10.28	10.36	10.03	9.37	9.36	7.87	9.74	12.63	10.68	10.49	9.96	10.98	11.25	12.36	12.57	13.41	18.80	18.801
EV/Revenue	1.35	1.49	1.47	1.17	1.16	1.25	1.28	1.41	1.23	1.47	1.94	1.60	1.54	1.31	1.31	1.28	1.35	1.31	1.23	1.49	1.494
EV/EBIT	18.87	20.01	26.88	17.61	17.59	15.65	13.57	12.86	10.67	13.36	17.39	14.94	14.85	14.78	17.33	18.64	21.50	23.59	28.86	49.40	49.404
EV/FCF	17.77	35.25	115.08	-58.44	-18.70	-25.00	-126.99	40.10	12.88	11.16	17.27	16.67	20.37	24.66	27.19	24.50	27.21	36.71	93.26	-626.92	-626.925
Earnings Yield	4.5%	4.5%	3.5%	5.3%	5.0%	6.0%	6.5%	6.5%	7.5%	6.4%	5.0%	6.0%	6.0%	5.5%	4.6%	4.2%	3.7%	3.3%	2.6%	1.2%	1.22%
FCF Yield	6.3%	3.2%	1.0%	-2.1%	-6.6%	-4.9%	-0.9%	2.8%	8.6%	9.6%	6.2%	6.5%	5.3%	4.5%	4.1%	4.6%	4.1%	3.2%	1.4%	-0.2%	-0.19%
Price/Tangible Book	snapshot only																				5.436
EV/OCF	snapshot only																				108.867
EV/Gross Profit	snapshot only																				3.854
Acquirers Multiple	snapshot only																				46.737
Shareholder Yield	snapshot only																				9.12%
Graham Number	snapshot only																				$27.29

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.91	1.81	1.97	1.97	2.14	2.20	2.27	2.29	2.27	2.08	2.15	2.17	2.17	1.97	2.14	2.09	2.13	2.05	2.12	2.04	2.045
Quick Ratio	1.33	1.26	1.28	1.26	1.32	1.41	1.48	1.52	1.51	1.44	1.46	1.46	1.43	1.34	1.40	1.38	1.39	1.37	1.41	1.37	1.372
Debt/Equity	0.67	0.71	0.70	0.66	0.70	0.71	0.65	0.57	0.44	0.42	0.39	0.39	0.38	0.41	0.40	0.38	0.43	0.57	0.74	0.73	0.735
Net Debt/Equity	0.35	0.43	0.45	0.49	0.56	0.54	0.46	0.38	0.26	0.22	0.25	0.25	0.24	0.25	0.27	0.26	0.27	0.40	0.58	0.59	0.590
Debt/Assets	0.28	0.29	0.29	0.28	0.30	0.31	0.29	0.27	0.23	0.22	0.21	0.21	0.20	0.21	0.21	0.20	0.22	0.27	0.31	0.31	0.308
Debt/EBITDA	2.24	2.30	2.73	2.33	2.48	2.45	2.04	1.66	1.26	1.29	1.26	1.29	1.31	1.50	1.64	1.74	2.02	2.74	3.53	4.05	4.052
Net Debt/EBITDA	1.17	1.39	1.74	1.73	1.99	1.88	1.45	1.12	0.75	0.67	0.80	0.84	0.82	0.92	1.12	1.18	1.28	1.90	2.78	3.26	3.256
Interest Coverage	6.44	10.18	16.08	25.71	16.16	12.24	10.25	9.75	9.78	10.17	11.49	12.69	13.15	12.52	10.55	9.78	9.14	7.43	5.12	3.02	3.016
Equity Multiplier	2.42	2.45	2.41	2.37	2.36	2.30	2.24	2.13	1.94	1.93	1.87	1.87	1.88	1.92	1.89	1.90	1.96	2.11	2.40	2.38	2.382
Cash Ratio	snapshot only																				0.256
Debt Service Coverage	snapshot only																				7.926
Cash to Debt	snapshot only																				0.196
FCF to Debt	snapshot only																				-0.007
Defensive Interval	snapshot only																				306.3 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	1.02	1.02	1.02	1.03	1.04	1.02	1.06	1.11	1.19	1.13	1.11	1.11	1.12	1.12	1.09	1.04	1.00	0.98	0.99	0.97	0.969
Inventory Turnover	4.40	4.53	4.11	3.99	3.75	3.66	3.57	3.62	3.70	3.74	3.68	3.69	3.75	4.10	3.93	3.79	3.54	3.76	3.71	3.75	3.751
Receivables Turnover	5.49	5.30	5.57	5.13	5.16	4.72	5.02	4.93	5.30	4.98	4.88	4.73	5.06	5.08	4.98	4.69	4.87	4.67	4.56	4.41	4.412
Payables Turnover	6.31	5.73	5.89	5.62	5.90	5.42	5.83	6.00	6.82	6.03	5.85	5.92	6.40	6.18	6.10	5.81	6.05	5.65	6.15	6.34	6.336
DSO	67	69	65	71	71	77	73	74	69	73	75	77	72	72	73	78	75	78	80	83	82.7 days
DIO	83	81	89	91	97	100	102	101	99	98	99	99	97	89	93	96	103	97	99	97	97.3 days
DPO	58	64	62	65	62	67	63	61	54	61	62	62	57	59	60	63	60	65	59	58	57.6 days
Cash Conversion Cycle	92	86	92	98	106	110	112	114	114	110	111	115	112	102	106	111	118	111	119	122	122.4 days
Fixed Asset Turnover	snapshot only																				5.026
Operating Cycle	snapshot only																				180.0 days
Cash Velocity	snapshot only																				15.823
Capital Intensity	snapshot only																				1.044

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	6.3%	9.0%	7.3%	0.8%	-0.9%	0.1%	5.0%	8.8%	13.6%	13.9%	9.6%	6.5%	3.8%	3.5%	1.4%	-0.4%	-2.2%	-6.5%	-4.3%	-2.9%	-2.91%
Net Income	41.0%	92.6%	-8.7%	13.3%	-15.3%	2.2%	62.2%	68.7%	1.0%	65.2%	41.5%	16.0%	5.7%	-23.6%	-39.8%	-44.9%	-49.3%	-47.7%	-54.8%	-69.9%	-69.85%
EPS	39.3%	91.1%	-8.5%	14.8%	-14.5%	2.9%	63.2%	68.5%	1.0%	63.0%	38.5%	13.0%	4.5%	-24.0%	-39.4%	-43.4%	-47.8%	-45.2%	-51.9%	-67.2%	-67.19%
FCF	-5.5%	-55.5%	-88.5%	-1.2%	-1.8%	-2.2%	-1.8%	2.9%	2.7%	4.0%	13.2%	1.9%	-17.8%	-58.5%	-56.3%	-45.6%	-36.0%	-37.0%	-73.9%	-1.0%	-1.04%
EBITDA	5.9%	18.4%	-20.0%	-2.5%	-8.2%	0.8%	39.5%	44.5%	58.2%	38.9%	22.8%	5.6%	-2.5%	-10.3%	-20.8%	-24.2%	-27.4%	-25.7%	-26.6%	-32.2%	-32.19%
Op. Income	17.7%	47.1%	-15.9%	-14.9%	-23.0%	-10.9%	45.6%	82.7%	1.1%	66.0%	33.8%	4.7%	-7.9%	-17.5%	-31.2%	-34.7%	-38.9%	-40.2%	-44.4%	-56.0%	-56.00%
OCF Growth	snapshot only																				-81.51%
Asset Growth	snapshot only																				2.36%
Equity Growth	snapshot only																				-18.18%
Debt Growth	snapshot only																				58.05%
Shares Change	snapshot only																				-8.12%
Dividend Growth	snapshot only																				8.33%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	-0.9%	-1.0%	-0.8%	-1.0%	-1.5%	-1.4%	0.4%	4.3%	6.1%	7.5%	7.3%	5.3%	5.3%	5.7%	5.2%	4.9%	4.8%	3.3%	2.1%	1.0%	0.99%
Revenue 5Y	6.3%	6.2%	5.8%	4.5%	2.9%	1.7%	1.0%	1.3%	1.8%	2.1%	2.3%	2.3%	2.4%	2.5%	2.3%	3.8%	3.9%	3.8%	3.7%	2.5%	2.47%
EPS 3Y	37.2%	23.7%	10.8%	13.8%	5.4%	13.0%	20.7%	27.9%	33.8%	47.5%	27.4%	29.8%	21.5%	8.4%	11.1%	2.5%	3.1%	-12.1%	-26.1%	-40.6%	-40.57%
EPS 5Y	5.0%	6.0%	3.9%	21.3%	31.7%	—	1.4%	41.7%	34.7%	26.0%	25.2%	22.9%	19.7%	12.3%	8.1%	6.0%	5.5%	5.9%	-9.6%	-16.5%	-16.50%
Net Income 3Y	38.3%	24.8%	11.7%	14.4%	5.8%	13.1%	20.8%	28.2%	34.3%	48.1%	28.0%	30.4%	22.0%	8.8%	11.4%	2.5%	2.8%	-12.9%	-27.3%	-42.2%	-42.25%
Net Income 5Y	6.0%	6.8%	5.3%	22.6%	32.4%	—	1.4%	42.2%	35.4%	26.8%	26.2%	24.0%	20.5%	12.8%	8.4%	6.1%	5.4%	5.4%	-10.6%	-18.1%	-18.11%
EBITDA 3Y	2.5%	5.5%	-2.4%	0.1%	-1.8%	0.5%	6.5%	11.7%	15.4%	18.4%	11.1%	14.2%	12.3%	7.9%	10.7%	4.9%	3.9%	-2.5%	-10.6%	-18.4%	-18.45%
EBITDA 5Y	9.4%	9.1%	7.9%	9.2%	4.9%	5.8%	4.5%	6.8%	9.3%	10.4%	9.7%	8.9%	7.9%	4.8%	3.3%	2.2%	1.7%	2.0%	-4.4%	-5.2%	-5.23%
Gross Profit 3Y	-0.5%	-0.9%	-1.8%	-2.7%	-3.7%	-3.1%	-0.7%	4.2%	7.3%	9.3%	9.2%	7.3%	6.9%	7.9%	7.9%	8.1%	8.6%	4.8%	2.2%	-0.6%	-0.64%
Gross Profit 5Y	5.2%	4.5%	3.7%	2.7%	1.2%	0.8%	0.5%	1.4%	2.5%	3.3%	3.8%	3.9%	3.7%	3.6%	3.1%	4.3%	4.6%	3.7%	2.9%	1.4%	1.40%
Op. Income 3Y	17.7%	17.4%	7.2%	6.1%	1.4%	5.2%	11.6%	18.1%	23.7%	29.6%	17.9%	17.6%	14.0%	6.8%	10.2%	7.7%	5.5%	-6.5%	-20.0%	-33.0%	-32.98%
Op. Income 5Y	6.8%	6.5%	4.1%	9.3%	11.2%	25.3%	21.2%	21.0%	21.3%	19.0%	19.1%	17.9%	15.0%	9.7%	5.0%	2.4%	1.2%	1.4%	-8.9%	-14.1%	-14.08%
FCF 3Y	21.6%	-7.5%	-17.8%	—	—	—	—	-18.9%	10.1%	16.6%	5.0%	5.2%	5.1%	13.9%	63.9%	—	—	—	—	—	—
FCF 5Y	40.8%	8.1%	-11.8%	—	—	—	—	-7.8%	20.5%	23.0%	41.1%	35.4%	15.0%	15.7%	-0.1%	-3.4%	-6.8%	-16.2%	-33.3%	—	—
OCF 3Y	14.8%	-4.6%	-13.3%	-50.2%	—	—	-44.1%	-14.4%	3.9%	12.1%	3.7%	4.3%	5.4%	8.9%	28.3%	1.2%	—	—	28.5%	-37.6%	-37.59%
OCF 5Y	15.8%	3.7%	-5.0%	-28.5%	—	—	-25.7%	-3.6%	16.1%	18.7%	20.6%	16.6%	7.0%	4.5%	-1.3%	-3.8%	-6.4%	-13.4%	-24.9%	-32.9%	-32.94%
Assets 3Y	3.2%	2.3%	0.3%	-1.4%	-1.3%	0.7%	-1.5%	2.5%	-0.1%	0.9%	2.1%	2.6%	4.5%	3.9%	4.0%	6.6%	7.7%	5.4%	5.1%	4.7%	4.67%
Assets 5Y	18.7%	17.7%	17.6%	0.6%	0.0%	1.8%	1.6%	2.4%	1.8%	2.3%	2.0%	1.7%	3.1%	2.3%	0.5%	3.8%	3.4%	3.2%	3.4%	3.3%	3.28%
Equity 3Y	12.9%	11.3%	11.1%	9.0%	7.9%	9.4%	11.2%	11.9%	11.4%	12.5%	13.5%	12.7%	13.6%	12.7%	12.7%	14.6%	14.7%	8.5%	2.6%	0.8%	0.81%
Book Value 3Y	12.0%	10.3%	10.2%	8.5%	7.5%	9.2%	11.2%	11.6%	11.0%	12.0%	13.0%	12.2%	13.1%	12.2%	12.4%	14.6%	15.0%	9.5%	4.3%	3.7%	3.74%
Dividend 3Y	1.2%	1.5%	1.9%	2.0%	2.5%	2.5%	2.3%	2.3%	1.5%	1.6%	1.8%	1.8%	2.1%	1.7%	1.6%	1.4%	1.4%	1.7%	1.8%	2.8%	2.75%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.46	0.41	0.44	0.54	0.39	0.17	0.04	0.22	0.20	0.22	0.37	0.48	0.47	0.49	0.63	0.91	0.84	0.72	0.75	0.69	0.685
Earnings Stability	0.34	0.25	0.40	0.91	0.83	0.79	0.85	0.87	0.76	0.78	0.82	0.88	0.79	0.69	0.46	0.36	0.24	0.09	0.00	0.04	0.043
Margin Stability	0.97	0.96	0.96	0.97	0.97	0.98	0.98	0.97	0.96	0.97	0.96	0.96	0.95	0.96	0.96	0.96	0.95	0.96	0.96	0.96	0.961
Rev. Growth Consistency	0.50	0.50	0.50	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.50	0.50	0.00	1.00	0.00	1.00	0.50	1.00	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	0	0
Earnings Persistence	0.84	0.50	0.97	0.95	0.94	0.99	0.50	0.50	0.50	0.50	0.83	0.94	0.98	0.91	0.84	0.82	0.80	0.81	0.50	0.50	0.500
Earnings Smoothness	0.66	0.37	0.91	0.88	0.83	0.98	0.53	0.49	0.32	0.51	0.66	0.85	0.94	0.73	0.50	0.42	0.35	0.37	0.24	0.00	0.000
ROE Trend	0.02	0.04	-0.01	0.01	-0.00	0.02	0.04	0.06	0.06	0.04	0.05	0.02	0.01	-0.03	-0.06	-0.09	-0.09	-0.09	-0.09	-0.10	-0.100
Gross Margin Trend	0.01	-0.00	-0.02	-0.03	-0.03	-0.02	-0.01	0.01	0.03	0.03	0.04	0.04	0.03	0.02	0.01	-0.00	-0.01	-0.02	-0.03	-0.04	-0.037
FCF Margin Trend	0.01	-0.02	-0.07	-0.11	-0.14	-0.12	-0.08	-0.00	0.09	0.14	0.11	0.09	0.06	0.01	-0.00	-0.01	-0.04	-0.06	-0.07	-0.08	-0.076
Sustainable Growth Rate	10.1%	11.3%	7.4%	8.8%	7.3%	10.5%	13.2%	15.8%	17.0%	17.1%	16.8%	15.6%	14.6%	10.4%	7.5%	6.1%	5.1%	3.6%	1.6%	-0.6%	-0.57%
Internal Growth Rate	4.1%	4.6%	3.1%	3.8%	3.2%	4.6%	6.0%	7.6%	8.7%	8.9%	9.0%	8.5%	8.3%	5.7%	4.2%	3.3%	2.7%	1.8%	0.7%	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.67	1.07	0.83	0.14	-0.64	-0.38	0.20	0.72	1.35	1.72	1.41	1.27	1.07	1.07	1.26	1.49	1.61	1.48	1.11	0.91	0.913
FCF/OCF	0.83	0.67	0.34	-2.71	2.07	2.17	-0.71	0.61	0.84	0.87	0.87	0.86	0.83	0.76	0.71	0.73	0.70	0.66	0.47	-0.17	-0.174
FCF/Net Income	snapshot only																				-0.158
OCF/EBITDA	snapshot only																				0.173
CapEx/Revenue	1.5%	2.1%	2.5%	2.7%	3.2%	2.7%	2.4%	2.3%	1.8%	1.9%	1.6%	1.5%	1.6%	1.7%	2.0%	2.0%	2.2%	1.8%	1.5%	1.6%	1.61%
CapEx/Depreciation	snapshot only																				0.327
Accruals Ratio	-0.04	-0.00	0.01	0.05	0.08	0.09	0.06	0.02	-0.03	-0.07	-0.04	-0.03	-0.01	-0.01	-0.02	-0.02	-0.03	-0.02	-0.00	0.00	0.001
Sloan Accruals	snapshot only																				-0.037
Cash Flow Adequacy	snapshot only																				0.404
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	1.3%	1.2%	1.3%	1.7%	1.8%	1.7%	1.6%	1.3%	1.4%	1.2%	0.9%	1.1%	1.2%	1.4%	1.5%	1.5%	1.5%	1.6%	1.8%	1.4%	1.88%
Dividend/Share	$0.91	$0.93	$0.95	$0.97	$1.00	$1.01	$1.03	$1.04	$1.04	$1.06	$1.07	$1.09	$1.11	$1.12	$1.14	$1.17	$1.18	$1.20	$1.22	$1.26	$1.24
Payout Ratio	28.7%	27.0%	36.2%	32.1%	36.9%	28.5%	23.9%	20.5%	19.3%	18.4%	18.0%	19.0%	19.6%	25.6%	31.7%	35.9%	40.0%	50.0%	70.6%	1.2%	1.19%
FCF Payout Ratio	20.7%	37.9%	1.3%	—	—	—	—	46.9%	16.9%	12.2%	14.6%	17.3%	22.1%	31.3%	35.5%	33.3%	35.7%	50.9%	1.4%	—	—
Total Payout Ratio	28.7%	38.5%	51.3%	45.8%	52.2%	36.3%	36.6%	36.3%	35.6%	38.2%	33.7%	37.8%	44.7%	49.0%	88.3%	1.1%	1.5%	2.5%	4.9%	7.5%	7.49%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0
Chowder Number	0.08	0.09	0.10	0.09	0.11	0.10	0.09	0.09	0.07	0.08	0.08	0.08	0.09	0.08	0.07	0.06	0.05	0.04	0.02	0.01	0.010
Buyback Yield	0.0%	0.5%	0.5%	0.7%	0.8%	0.5%	0.8%	1.0%	1.2%	1.3%	0.8%	1.1%	1.5%	1.3%	2.6%	3.1%	3.9%	6.6%	10.9%	7.7%	7.68%
Net Buyback Yield	-0.4%	0.2%	0.4%	0.6%	0.7%	0.5%	0.8%	1.0%	1.2%	1.3%	0.8%	1.1%	1.5%	1.3%	2.6%	3.1%	3.9%	6.6%	10.6%	7.7%	7.67%
Total Shareholder Return	0.9%	1.4%	1.7%	2.3%	2.5%	2.2%	2.4%	2.3%	2.7%	2.4%	1.7%	2.3%	2.7%	2.7%	4.0%	4.6%	5.4%	8.2%	12.5%	9.1%	9.11%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.89	0.88	0.89	0.82	0.76	0.83	0.83	0.82	0.81	0.88	0.90	0.89	0.89	0.80	0.79	0.79	0.79	0.76	0.74	0.74	0.744
Interest Burden (EBT/EBIT)	0.85	0.91	0.94	0.96	0.93	0.91	0.90	0.90	0.90	0.90	0.91	0.92	0.92	0.92	0.91	0.90	0.89	0.87	0.80	0.67	0.668
EBIT Margin	0.07	0.07	0.05	0.07	0.07	0.08	0.09	0.11	0.12	0.11	0.11	0.11	0.10	0.09	0.08	0.07	0.06	0.06	0.04	0.03	0.030
Asset Turnover	1.02	1.02	1.02	1.03	1.04	1.02	1.06	1.11	1.19	1.13	1.11	1.11	1.12	1.12	1.09	1.04	1.00	0.98	0.99	0.97	0.969
Equity Multiplier	2.55	2.56	2.49	2.42	2.39	2.37	2.32	2.24	2.13	2.10	2.04	1.99	1.91	1.92	1.88	1.89	1.92	2.01	2.13	2.12	2.120

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$3.15	$3.45	$2.63	$3.01	$2.70	$3.55	$4.30	$5.08	$5.42	$5.78	$5.95	$5.74	$5.66	$4.39	$3.61	$3.25	$2.95	$2.41	$1.74	$1.07	$1.07
Book Value/Share	$23.41	$23.05	$23.19	$23.16	$22.75	$25.20	$26.33	$27.82	$28.87	$30.48	$32.22	$32.52	$33.90	$32.60	$32.93	$34.88	$34.55	$33.08	$29.83	$31.06	$31.67
Tangible Book/Share	$7.41	$7.58	$8.21	$9.06	$9.77	$11.37	$12.51	$14.18	$15.91	$17.25	$18.35	$19.06	$20.03	$19.77	$19.74	$20.68	$20.31	$18.72	$15.10	$16.10	$16.10
Revenue/Share	$57.62	$57.96	$57.75	$58.14	$57.63	$58.43	$60.99	$63.13	$64.79	$65.69	$65.46	$65.50	$66.47	$67.56	$66.76	$67.06	$66.90	$66.18	$68.04	$70.86	$72.01
FCF/Share	$4.38	$2.45	$0.74	$-1.16	$-3.58	$-2.91	$-0.62	$2.22	$6.18	$8.68	$7.34	$6.27	$5.02	$3.59	$3.23	$3.50	$3.31	$2.36	$0.90	$-0.17	$-0.17
OCF/Share	$5.26	$3.69	$2.18	$0.43	$-1.73	$-1.34	$0.86	$3.67	$7.33	$9.95	$8.40	$7.27	$6.08	$4.71	$4.56	$4.83	$4.76	$3.57	$1.92	$0.97	$0.99
Cash/Share	$7.45	$6.54	$5.87	$3.95	$3.17	$4.13	$4.89	$5.12	$5.14	$6.18	$4.65	$4.40	$4.78	$5.23	$4.19	$4.29	$5.36	$5.85	$4.64	$4.48	$4.55
EBITDA/Share	$6.97	$7.15	$5.94	$6.60	$6.46	$7.26	$8.34	$9.53	$10.11	$9.95	$10.03	$9.80	$9.75	$8.87	$8.00	$7.63	$7.29	$6.91	$6.25	$5.63	$5.63
Debt/Share	$15.62	$16.44	$16.20	$15.39	$15.99	$17.79	$16.99	$15.79	$12.77	$12.80	$12.67	$12.66	$12.80	$13.35	$13.14	$13.27	$14.72	$18.95	$22.04	$22.82	$22.82
Net Debt/Share	$8.17	$9.90	$10.32	$11.44	$12.82	$13.66	$12.10	$10.67	$7.63	$6.63	$8.01	$8.25	$8.02	$8.12	$8.95	$8.98	$9.36	$13.10	$17.41	$18.34	$18.34

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.197
Altman Z-Prime	snapshot only																				5.407
Piotroski F-Score	7	6	6	6	4	5	8	7	8	7	7	6	4	5	5	5	5	5	4	3	3
Beneish M-Score	-2.69	-2.42	-2.40	-2.21	-2.01	-1.98	-2.01	-2.24	-2.61	-2.86	-2.63	-2.51	-2.33	-2.13	-2.52	-2.55	-2.63	-2.55	-2.32	-2.20	-2.203
Ohlson O-Score	snapshot only																				-6.473
ROIC (Greenblatt)	snapshot only																				6.62%
Net-Net WC	snapshot only																				$-7.09
EVA	snapshot only																				$-55892195.12

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB
Credit Score	67.58	71.64	70.63	71.27	70.48	69.38	72.54	76.59	85.02	89.45	89.21	86.88	86.27	83.28	81.12	78.51	76.79	72.30	58.30	56.40	56.404
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				-22.111
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				37
Sector Credit Rank	snapshot only																				48

TNC NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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