RDW
Redwire Corporation
RDW has the edge over TNC overall, supported by stronger valuation and stronger fundamentals.
TNC
Tennant Company
TNC has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
TNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Under pressure |
TNC's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
TNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $75.03 | — |
| Cheap | 17x | $22.83 | -70% |
| Fair | 24x | $32.95 | -56% |
| Expensive | 31x | $42.27 | -44% |
| Current | 55x | $75.03 | — |
Historical ranges are pointers, not guarantees.
TNC's PE is in its expensive range at 55x. If earnings grow as analysts expect, today's price would be 14x next year's earnings, in its cheap range.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
TNC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TNC, with profitability improving.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
TNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.18 | +281% |
| Q3 2026 | $1.36 | -53% |
| Q2 2026 | $1.04 | -68% |
| Q1 2026 | $1.68 | -53% |
| Q4 2025 | $2.36 | -46% |
| Q3 2025 | $2.92 | -49% |
| Q2 2025 | $3.21 | -45% |
| Q1 2025 | $3.58 | -41% |
| Q4 2024 | $4.38 | -25% |
TNC has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over TNC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
TNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $322.3M | +6.3% |
| Q2 2026 | $324M | +1.7% |
| Q1 2026 | $297.9M | +2.7% |
| Q4 2025 | $291.6M | -11% |
| Q3 2025 | $303.3M | -4% |
| Q2 2025 | $318.6M | -3.7% |
| Q1 2025 | $290M | -6.8% |
| Q4 2024 | $328.9M | +5.6% |
TNC's revenue grew through 2023 and has held roughly level since: $322M last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.7% | +2.3 points |
| Q2 2026 | 4.9% | -4.7 points |
| Q1 2026 | 1.6% | -5.1 points |
| Q4 2025 | -1.4% | -3.8 points |
| Q3 2025 | 7.3% | -2.3 points |
| Q2 2025 | 9.6% | -2.1 points |
| Q1 2025 | 6.8% | -5.3 points |
| Q4 2024 | 2.3% | -5.6 points |
TNC has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has the edge over TNC on cash flow, with more consistent year-over-year improvement.
TNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.2M | -77% |
| Q2 2026 | -$300K | -102% |
| Q1 2026 | -$34.4M | -$27M |
| Q4 2025 | $9.7M | -65% |
| Q3 2025 | $22.3M | -16% |
| Q2 2025 | $18.7M | +30% |
| Q1 2025 | -$7.4M | -$7.3M |
| Q4 2024 | $28.1M | -50% |
TNC's free cash flow was −$20M over the past year, against $62M the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
TNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -4.7K shares |
| 1 year | -7.4% | -1.4M shares |
| 3 years | -9.1% | -1.7M shares |
| 5 years | -9% | -1.7M shares |
| Available history | -7% | -1.3M shares |
TNC has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100,000 |
| Q2 2026 | $500,000 |
| Q1 2026 | $60M |
| Q4 2025 | $32.2M |
| Q3 2025 | $22.7M |
| Q2 2025 | $13.4M |
| Q1 2025 | $20.2M |
| Q4 2024 | $2.5M |
TNC spent $93M buying back its own shares over the past year, up 58% from the year before.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.0x | Healthy |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.6x | Very low |
TNC's net debt is about 2.6 years of its operating earnings (EBITDA), up from a year a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
TNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 38.5 | Neutral |
TNC's weekly RSI is 53 (neutral) and its Stochastic is 38 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
TNC PE vs Industrials Sector
| Metric | TNC | Sector median | Relative |
|---|---|---|---|
| PE | 55x | 24x | 130% above |
| PE % | 96 | 58 | 38 pts above |
TNC is trading at 55x earnings, a 130% premium to the Industrials sector's median of 24x.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
TNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $68.2 | 10% above |
| 20 week MA | $73.3 | 2.4% above |
| 50 week MA | $76.0 | 1.3% below |
| 100 week MA | $77.7 | 3.5% below |
| 200 week MA | $83.0 | 9.6% below |
TNC has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over TNC on returns for 2026, with the stronger performance.
TNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $78.3 | $69.5 | -11% |
| 2021 | $69.5 | $80.4 | +16% |
| 2022 | $80.4 | $60.0 | -25% |
| 2023 | $60.0 | $92.7 | +54% |
| 2024 | $92.7 | $80.8 | -13% |
| 2025 | $80.8 | $75.4 | -6.6% |
| 2026 YTD | $75.4 | $75.0 | -0.5% |
TNC has finished lower in four of the last six years. It's down 0.5% so far in 2026.