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Hayward vs Tennant: revenue, profit, margins and growth compared

Hayward brought in $1.1B of revenue in fiscal 2025, Tennant $1.2B in fiscal 2025. Revenue changed by +6.7% at Hayward and -6.5% at Tennant on the year before, so Hayward grew faster. Hayward kept 13.5% of its revenue as net profit, Tennant 3.6%. Free cash flow was $227.3M at Hayward and $43.3M at Tennant.

Side by side, latest fiscal year

HAYWTNC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.1B$1.2B
Revenue growth+6.7%-6.5%
Net income$151.6M$43.8M
Net margin13.5%3.6%
Free cash flow$227.3M$43.3M
Free cash flow margin20.3%3.6%
Earnings per share (diluted)$0.68$2.36
Cash$329.6M$106.4M
Debt$959.8M$273.6M
Price to earnings18.628.7
Market value$2.7B$1.2B
Dividend yieldn/a1.76%
Rank by revenue in sector#265 of 451 · Industrials#257 of 451 · Industrials

Over the years

Revenue
HAYW FY2019: $733.4MHAYW FY2021: $875.4MHAYW FY2021: $1.4BHAYW FY2022: $1.3BHAYW FY2023: $992.5MHAYW FY2024: $1.1BHAYW FY2025: $1.1BTNC FY2018: $1.1BTNC FY2019: $1.1BTNC FY2020: $1BTNC FY2021: $1.1BTNC FY2022: $1.1BTNC FY2023: $1.2BTNC FY2024: $1.3BTNC FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
HAYW $1.1BTNC $1.2B
Net income
HAYW FY2019: $8.5MHAYW FY2021: $43.3MHAYW FY2021: $203.7MHAYW FY2022: $179.3MHAYW FY2023: $80.7MHAYW FY2024: $118.7MHAYW FY2025: $151.6MTNC FY2018: $33.4MTNC FY2019: $45.8MTNC FY2020: $33.7MTNC FY2021: $64.9MTNC FY2022: $66.3MTNC FY2023: $109.5MTNC FY2024: $83.7MTNC FY2025: $43.8MFY18FY19FY20FY21FY22FY23FY24FY25
HAYW $151.6MTNC $43.8M
Net margin
HAYW FY2019: 1.2%HAYW FY2021: 4.9%HAYW FY2021: 14.5%HAYW FY2022: 13.6%HAYW FY2023: 8.1%HAYW FY2024: 11.3%HAYW FY2025: 13.5%TNC FY2018: 3.0%TNC FY2019: 4.0%TNC FY2020: 3.4%TNC FY2021: 5.9%TNC FY2022: 6.1%TNC FY2023: 8.8%TNC FY2024: 6.5%TNC FY2025: 3.6%FY18FY19FY20FY21FY22FY23FY24FY25
HAYW 13.5%TNC 3.6%
Revenue growth
HAYW FY2021: +19.4%HAYW FY2021: +60.1%HAYW FY2022: -6.3%HAYW FY2023: -24.5%HAYW FY2024: +6.0%HAYW FY2025: +6.7%TNC FY2019: +1.3%TNC FY2020: -12.0%TNC FY2021: +9.0%TNC FY2022: +0.1%TNC FY2023: +13.9%TNC FY2024: +3.5%TNC FY2025: -6.5%FY19FY20FY21FY22FY23FY24FY25
HAYW +6.7%TNC -6.5%
Free cash flow
HAYW FY2019: $68.9MHAYW FY2021: $199.6MHAYW FY2021: $163.2MHAYW FY2022: $86.3MHAYW FY2023: $155.6MHAYW FY2024: $189.7MHAYW FY2025: $227.3MTNC FY2018: $61.2MTNC FY2019: $33.5MTNC FY2020: $103.9MTNC FY2021: $50MTNC FY2022: -$50.1MTNC FY2023: $165.6MTNC FY2024: $68.8MTNC FY2025: $43.3MFY18FY19FY20FY21FY22FY23FY24FY25
HAYW $227.3MTNC $43.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hayward and Tennant

Which is bigger by revenue, Hayward or Tennant?

Tennant is bigger by revenue: $1.2B in fiscal 2025, against $1.1B for Hayward in fiscal 2025.

Which keeps more of its revenue as profit, Hayward or Tennant?

Hayward had a net margin of 13.5% in fiscal 2025; Tennant had 3.6% in fiscal 2025.

Which grew revenue faster, Hayward or Tennant?

In their latest fiscal years revenue changed by +6.7% at Hayward and -6.5% at Tennant.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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