Tenaris S.A.(TS)Earnings, Financials & Key Ratios
TS•NYSE
15.4× P/E·Price updated Jun 19, 2026
AboutTenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. In addition, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.à r.l.Show more
- Revenue$11.98B-4.3%
- EBITDA$2.9B-5.0%
- Net Income$1.93B-5.1%
- EPS (Diluted)3.72-48.6%
- Gross Margin34.39%-1.9%
- EBITDA Margin24.2%-0.7%
- Operating Margin19.06%-1.3%
- Net Margin16.13%-0.8%
- ROE11.49%-4.5%
TS Key Insights
Tenaris S.A. (TS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FCF machine: 16.5% free cash flow margin
- ✓Momentum leader: RS Rating 81 (top 19%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 18.4%
- ✓Good 3Y average ROE of 16.2%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when TS posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
TS Price & Volume
Tenaris S.A. (TS) stock price & volume — 10-year historical chart
Loading chart...
TS Growth Metrics
Tenaris S.A. (TS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.37%
5 Years18.41%
3 Years0.62%
TTM1.27%
Profit CAGR
10 Years-
5 Years-
3 Years-8.86%
TTM8.87%
EPS CAGR
10 Years-
5 Years-
3 Years-4.86%
TTM48.47%
Return on Capital
10 Years9.01%
5 Years15.9%
3 Years17.5%
Last Year12.85%
TS Recent Earnings
Tenaris S.A. (TS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.07+23.0%
$0.87
Rev
$3.1B+2.2%
$3.0B
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.87+14.5%
$0.76
Rev
$3.0B+1.4%
$3.0B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.85+13.3%
$0.75
Rev
$3.0B+0.5%
$3.0B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.99+12.5%
$0.88
Rev
$3.1B+6.6%
$2.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.07vs $0.87+23.0% | $3.1Bvs $3.0B+2.2% |
| Q1 2026 | Feb 18, 2026 | $0.87vs $0.76+14.5% | $3.0Bvs $3.0B+1.4% |
| Q4 2025 | Oct 29, 2025 | $0.85vs $0.75+13.3% | $3.0Bvs $3.0B+0.5% |
| Q3 2025 | Jul 30, 2025 | $0.99vs $0.88+12.5% | $3.1Bvs $2.9B+6.6% |
Based on last 12 quarters of dataView full earnings history →
TS Peer Comparison
Tenaris S.A. (TS) competitors in Drilling and Well Construction — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VMC | 39.3B | 302.84 | 37.30 | 6.94% | 13.88% | 13.07% | 0.63 | |
 NX | 780.78M | 17.00 | -3.13 | 43.81% | -13.85% | -35.45% | 1.18 | |
 STLD | 36.21B | 249.91 | 31.28 | 3.63% | 7.22% | 15.29% | 0.47 | |
 NUE | 55.54B | 243.83 | 32.42 | 5.73% | 6.82% | 10.58% | 0.32 | |
 RS | 20.26B | 396.34 | 28.35 | 3.32% | 5.43% | 11.17% | 0.28 | |
 DNOW | 1.59B | 13.50 | -18 | 18.84% | -4.55% | -9.21% | 0.30 | |
 GRC | 2.31B | 87.77 | 43.45 | 3.44% | 8.45% | 11.3% | 0.79 | |
 CSTM | 4.63B | 34.00 | 17.71 | 15.19% | 4.75% | 46.87% | 2.00 |
Compare TS vs Peers
Tenaris S.A. (TS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TS Income Statement
Tenaris S.A. (TS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 5.29B | 7.66B | 7.29B | 5.15B | 6.52B | 11.76B | 14.87B | 12.52B | 11.98B | 12.16B |
Revenue Growth % | 23.17% | 44.82% | -4.76% | -29.44% | 26.71% | 80.37% | 26.41% | -15.77% | -4.33% | 1.27% |
Cost of Goods Sold | 3.69B | 5.28B | 5.11B | 4.09B | 4.61B | 7.09B | 8.67B | 8.14B | 7.86B | 8.27B |
COGS % of Revenue | 69.68% | 68.93% | 70.02% | 79.42% | 70.72% | 60.26% | 58.3% | 64.96% | 65.61% | - |
Gross Profit | 1.6B▲ 0% | 2.38B▲ 48.4% | 2.19B▼ 8.1% | 1.06B▼ 51.5% | 1.91B▲ 80.3% | 4.67B▲ 144.8% | 6.2B▲ 32.6% | 4.39B▼ 29.2% | 4.12B▼ 6.1% | 3.89B▲ 0% |
Gross Margin % | 30.32% | 31.07% | 29.98% | 20.58% | 29.28% | 39.74% | 41.7% | 35.04% | 34.39% | 31.99% |
Gross Profit Growth % | 42.16% | 48.39% | -8.1% | -51.55% | 80.25% | 144.8% | 32.63% | -29.22% | -6.11% | - |
Operating Expenses | 1.26B | 1.5B | 1.35B | 1.72B | 1.2B | 1.71B | 1.88B | 1.97B | 1.84B | 1.57B |
OpEx % of Revenue | 23.9% | 19.6% | 18.57% | 33.47% | 18.43% | 14.55% | 12.67% | 15.73% | 15.33% | - |
Selling, General & Admin | 994.42M | 1.19B | 1.17B | 912.56M | 1B | 1.4B | 1.62B | 1.62B | 1.83B | 1.93B |
SG&A % of Revenue | 18.8% | 15.54% | 16% | 17.73% | 15.41% | 11.87% | 10.92% | 12.94% | 15.26% | - |
Research & Development | 63.7M | 63.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | 1.2% | 0.83% | - | - | - | - | - | - | - | - |
Other Operating Expenses | 4.33M | 4.91M | 187.44M | 809.93M | 197.35M | 315.61M | 259.41M | 349.21M | 8.7M | 0 |
Operating Income | 334.59M▲ 0% | 871.81M▲ 160.6% | 832.39M▼ 4.5% | -663.07M▼ 179.7% | 707.51M▲ 206.7% | 2.96B▲ 318.8% | 4.32B▲ 45.7% | 2.42B▼ 44.0% | 2.28B▼ 5.6% | 2.32B▲ 0% |
Operating Margin % | 6.33% | 11.38% | 11.41% | -12.88% | 10.85% | 25.19% | 29.03% | 19.31% | 19.06% | 19.07% |
Operating Income Growth % | 666.55% | 160.56% | -4.52% | -179.66% | 206.7% | 318.83% | 45.66% | -43.96% | -5.61% | - |
EBITDA | 943.23M | 1.54B | 1.37B | 15.73M | 1.3B | 3.57B | 4.86B | 3.05B | 2.9B | 2.99B |
EBITDA Margin % | 17.84% | 20.06% | 18.81% | 0.31% | 19.97% | 30.36% | 32.72% | 24.37% | 24.2% | 24.57% |
EBITDA Growth % | 56.33% | 62.86% | -10.69% | -98.85% | 8176.01% | 174.22% | 36.23% | -37.27% | -4.99% | 8.19% |
D&A (Non-Cash Add-back) | 608.64M | 664.36M | 539.52M | 678.81M | 594.72M | 607.72M | 548.51M | 632.85M | 616.17M | 667.97M |
EBIT | 454.78M | 1.14B | 977.09M | -592.25M | 1.27B | 3.21B | 4.74B | 2.53B | 2.28B | 2.49B |
Net Interest Income | 20.53M | 4.27M | 3.1M | -5.39M | 14.37M | 40.17M | -54K | 168.62M | 205.94M | 192.35M |
Interest Income | 47.6M | 42.24M | 48.06M | 21.63M | 38.05M | 86.11M | 106.81M | 229.84M | 253.02M | 239.31M |
Interest Expense | 27.07M | 37.98M | 44.97M | 27.01M | 23.68M | 45.94M | 106.86M | 61.21M | 47.08M | 46.96M |
Other Income/Expense | 93.12M | 231.29M | 101.32M | 43.8M | 535.26M | 202.66M | 316.38M | 137.6M | 190.68M | 225.79M |
Pretax Income | 427.71M▲ 0% | 1.1B▲ 157.9% | 933.71M▼ 15.4% | -619.27M▼ 166.3% | 1.24B▲ 300.7% | 3.17B▲ 154.7% | 4.63B▲ 46.3% | 2.56B▼ 44.8% | 2.47B▼ 3.2% | 2.54B▲ 0% |
Pretax Margin % | 8.09% | 14.4% | 12.8% | -12.03% | 19.06% | 26.92% | 31.16% | 20.41% | 20.65% | 20.93% |
Income Tax | -17.14M | 229.21M | 202.45M | 23.15M | 189.45M | 617.24M | 674.96M | 479.68M | 500.62M | 523.13M |
Effective Tax Rate % | -4.01% | 20.78% | 21.68% | -3.74% | 15.24% | 19.5% | 14.57% | 18.76% | 20.24% | 20.56% |
Net Income | 544.74M▲ 0% | 876.06M▲ 60.8% | 742.69M▼ 15.2% | -634.42M▼ 185.4% | 1.1B▲ 273.4% | 2.55B▲ 132.1% | 3.92B▲ 53.5% | 2.04B▼ 48.0% | 1.93B▼ 5.1% | 1.97B▲ 0% |
Net Margin % | 10.3% | 11.44% | 10.18% | -12.33% | 16.87% | 21.71% | 26.35% | 16.26% | 16.13% | 16.18% |
Net Income Growth % | 885.09% | 60.82% | -15.22% | -185.42% | 273.42% | 132.08% | 53.45% | -48.02% | -5.09% | 8.87% |
Net Income (Continuing) | 444.85M | 873.9M | 731.26M | -642.42M | 1.05B | 2.55B | 3.96B | 2.08B | 1.97B | 2.02B |
Discontinued Operations | 91.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 98.78M | 92.61M | 197.41M | 183.59M | 145.12M | 128.73M | 187.47M | 220.58M | 229.88M | 253.03M |
EPS (Diluted) | 0.92▲ 0% | 1.48▲ 60.9% | 1.26▼ 14.9% | -1.08▼ 185.7% | 1.86▲ 272.2% | 4.32▲ 132.3% | 6.66▲ 54.2% | 7.24▲ 8.7% | 3.72▼ 48.6% | 7.86▲ 0% |
EPS Growth % | 820% | 60.87% | -14.86% | -185.71% | 272.22% | 132.26% | 54.17% | 8.71% | -48.62% | 48.47% |
EPS (Basic) | 0.92 | 1.48 | 1.26 | -1.08 | 1.86 | 4.32 | 6.66 | 7.24 | 3.72 | - |
Diluted Shares Outstanding | 590.27M | 590.27M | 590.27M | 590.27M | 590.27M | 590.27M | 589.17M | 562.55M | 519.8M | 250.33M |
Basic Shares Outstanding | 590.27M | 590.27M | 590.27M | 590.27M | 590.27M | 590.27M | 589.17M | 562.55M | 519.8M | 250.33M |
Dividend Payout Ratio | 88.85% | 55.25% | 65.17% | - | 28.97% | 20.81% | 16.25% | 37.21% | 46.58% | - |
TS Balance Sheet
Tenaris S.A. (TS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 5.38B | 5.46B | 5.67B | 4.29B | 4.98B | 8.47B | 10.5B | 9.24B | 9.07B | 9.6B |
Cash & Short-Term Investments | 1.52B | 916.1M | 1.76B | 1.46B | 715.98M | 1.53B | 3.61B | 3.05B | 2.88B | 3.42B |
Cash Only | 330.22M | 428.36M | 1.55B | 584.68M | 318.13M | 1.09B | 1.64B | 675.26M | 572.65M | 1.15B |
Short-Term Investments | 1.19B | 487.73M | 210.38M | 872.49M | 397.85M | 438.45M | 1.97B | 2.37B | 2.31B | 2.27B |
Accounts Receivable | 1.21B | 1.74B | 1.35B | 968.15M | 1.57B | 2.49B | 2.48B | 2.43B | 1.96B | 2.38B |
Days Sales Outstanding | 83.79 | 82.8 | 67.46 | 68.66 | 87.92 | 77.39 | 60.9 | 70.92 | 59.59 | 69.41 |
Inventory | 2.37B | 2.52B | 2.27B | 1.64B | 2.67B | 3.99B | 3.92B | 3.71B | 3.6B | 3.61B |
Days Inventory Outstanding | 234.58 | 174.53 | 161.93 | 146.16 | 211.53 | 205.32 | 165.1 | 166.45 | 167.26 | 156.74 |
Other Current Assets | 163.93M | 170.1M | 174.94M | 195.59M | 4.24M | 410.33M | 445.39M | 7.48M | 635.31M | 196.71M |
Total Non-Current Assets | 9.02B | 8.79B | 9.17B | 9.43B | 9.47B | 9.08B | 10.58B | 11.21B | 11B | 10.92B |
Property, Plant & Equipment | 6.23B | 6.06B | 6.32B | 6.44B | 5.93B | 5.67B | 6.21B | 6.27B | 6.35B | 6.32B |
Fixed Asset Turnover | 0.85x | 1.26x | 1.15x | 0.80x | 1.10x | 2.08x | 2.39x | 2.00x | 1.89x | 1.92x |
Goodwill | 1.29B | 1.29B | 1.32B | 1.09B | 1.08B | 1.09B | 1.1B | 1.09B | 0 | 0 |
Intangible Assets | 368.38M | 177.62M | 241.31M | 343.09M | 287.53M | 247.46M | 273.4M | 267.73M | 1.36B | 0 |
Long-Term Investments | 790.2M | 923.72M | 904.9M | 1.2B | 1.7B | 1.66B | 2.01B | 2.55B | 2.32B | 10.02B |
Other Non-Current Assets | 183.33M | 151.91M | 157.1M | 154.3M | 212.97M | 211.72M | 975.57M | 205.6M | 973.38M | 0 |
Total Assets | 14.4B▲ 0% | 14.25B▼ 1.0% | 14.84B▲ 4.2% | 13.72B▼ 7.6% | 14.45B▲ 5.3% | 17.55B▲ 21.5% | 21.08B▲ 20.1% | 20.45B▼ 3.0% | 20.07B▼ 1.8% | 20.51B▲ 0% |
Asset Turnover | 0.37x | 0.54x | 0.49x | 0.38x | 0.45x | 0.67x | 0.71x | 0.61x | 0.60x | 0.60x |
Asset Growth % | 2.82% | -1.02% | 4.15% | -7.59% | 5.35% | 21.46% | 20.12% | -3% | -1.85% | -8.83% |
Total Current Liabilities | 2.07B | 1.72B | 1.78B | 1.17B | 1.56B | 2.79B | 2.9B | 2.64B | 2.35B | 2.32B |
Accounts Payable | 750.74M | 693.67M | 555.89M | 462.11M | 845.26M | 1.18B | 1.11B | 880.26M | 872.91M | 845.91M |
Days Payables Outstanding | 74.36 | 47.96 | 39.73 | 41.27 | 66.9 | 60.74 | 46.63 | 39.49 | 40.53 | 38.18 |
Short-Term Debt | 931.08M | 1.64M | 24K | 346.76M | 219.5M | 682.33M | 21.22M | 426M | 305.35M | 379.48M |
Deferred Revenue (Current) | 56.71M | 62.68M | 82.73M | 48.69M | 92.44M | 242.91M | 513.91M | 0 | 0 | 476.26M |
Other Current Liabilities | 179.87M | 807.41M | 950.96M | 90.25M | 49.58M | 334.76M | 776.51M | 649.6M | 1.12B | 567.41M |
Current Ratio | 2.60x | 3.18x | 3.18x | 3.68x | 3.19x | 3.04x | 3.62x | 3.50x | 3.87x | 4.15x |
Quick Ratio | 1.45x | 1.71x | 1.91x | 2.27x | 1.48x | 1.61x | 2.27x | 2.10x | 2.33x | 2.59x |
Cash Conversion Cycle | 244.01 | 209.37 | 189.67 | 173.55 | 232.55 | 221.97 | 179.36 | 197.87 | 186.31 | 187.97 |
Total Non-Current Liabilities | 746.35M | 657.44M | 876.16M | 1.1B | 784.08M | 727.39M | 1.15B | 999.63M | 896.85M | 851.8M |
Long-Term Debt | 34.59M | 29.19M | 40.88M | 315.74M | 111.43M | 46.43M | 48.3M | 11.4M | 368K | 360K |
Capital Lease Obligations | 59K | 0 | 192.32M | 213.85M | 82.69M | 83.62M | 96.6M | 100.44M | 94.9M | 379.22M |
Deferred Tax Liabilities | 457.97M | 379.04M | 336.98M | 254.8M | 274.72M | 269.07M | 631.61M | 503.94M | 0 | 1.32B |
Other Non-Current Liabilities | 482.01M | 398.59M | 20.92M | 318.85M | 315.24M | 328.27M | 372.98M | 383.86M | 801.58M | 369.12M |
Total Liabilities | 2.82B | 2.38B | 2.66B | 2.27B | 2.34B | 3.52B | 4.05B | 3.64B | 3.24B | 3.17B |
Total Debt | 965.86M | 539.01M | 271.07M | 919.85M | 448.22M | 840.94M | 203.96M | 582.32M | 448.97M | 473.52M |
Net Debt | 635.64M | 110.65M | -1.28B | 335.16M | 130.09M | -250.59M | -1.43B | -92.93M | -123.68M | -678.61M |
Debt / Equity | 0.08x | 0.05x | 0.02x | 0.08x | 0.04x | 0.06x | 0.01x | 0.03x | 0.03x | 0.03x |
Debt / EBITDA | 1.02x | 0.35x | 0.20x | 58.46x | 0.34x | 0.24x | 0.04x | 0.19x | 0.15x | 0.16x |
Net Debt / EBITDA | 0.67x | 0.07x | -0.94x | 21.30x | 0.10x | -0.07x | -0.29x | -0.03x | -0.04x | -0.23x |
Interest Coverage | 16.80x | 30.02x | 21.73x | -21.92x | 53.49x | 69.91x | 44.35x | 41.26x | 48.50x | 53.08x |
Total Equity | 11.58B▲ 0% | 11.88B▲ 2.5% | 12.19B▲ 2.6% | 11.45B▼ 6.1% | 12.11B▲ 5.8% | 14.03B▲ 15.9% | 17.03B▲ 21.3% | 16.81B▼ 1.3% | 16.83B▲ 0.1% | 17.35B▲ 0% |
Equity Growth % | 1.47% | 2.54% | 2.62% | -6.07% | 5.76% | 15.93% | 21.35% | -1.27% | 0.09% | -1.83% |
Book Value per Share | 19.62 | 20.12 | 20.65 | 19.39 | 20.51 | 23.78 | 28.91 | 29.89 | 32.38 | 69.30 |
Total Shareholders' Equity | 11.48B | 11.78B | 11.99B | 11.26B | 11.96B | 13.91B | 16.84B | 16.59B | 16.6B | 17.09B |
Common Stock | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.16B | 16.6B | 0 |
Retained Earnings | 10.72B | 11.12B | 11.37B | 10.66B | 11.44B | 13.46B | 16.74B | 17.74B | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -213.74M | -1.36B | 0 | 0 |
Accumulated OCI | -1.03B | -1.12B | -1.18B | -1.19B | -1.27B | -1.35B | -1.48B | -1.57B | 0 | 0 |
Minority Interest | 98.78M | 92.61M | 197.41M | 183.59M | 145.12M | 128.73M | 187.47M | 220.58M | 229.88M | 253.03M |
TS Cash Flow Statement
Tenaris S.A. (TS) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -22.02M | 610.8M | 1.53B | 1.52B | 119.08M | 1.17B | 4.4B | 2.87B | 2.6B | 2.45B |
Operating CF Margin % | -0.42% | 7.98% | 20.95% | 29.54% | 1.83% | 9.92% | 29.56% | 22.89% | 21.7% | - |
Operating CF Growth % | -102.55% | 2873.22% | 150.15% | -0.49% | -92.17% | 880.24% | 276.54% | -34.79% | -9.3% | -30.03% |
Net Income | 536.39M | 873.9M | 731.26M | 109.51M | 1.1B | 2.55B | 3.92B | 2.04B | 1.93B | 1.97B |
Depreciation & Amortization | 608.64M | 664.36M | 539.52M | 678.81M | 594.72M | 607.72M | 548.51M | 632.85M | 616.17M | 622.95M |
Stock-Based Compensation | 0 | 0 | 0 | -413K | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | -193.99M | 58.49M | -193.42M | -117.21M | -25.98M | 257.65M | -143.39M | 0 | 0 | 0 |
Other Non-Cash Items | 11.55M | 6.15M | -72.53M | -209.44M | -503.95M | -115.61M | -110.54M | -90M | 8.21M | 199.39M |
Working Capital Changes | -855.28M | -737.95M | 523.11M | 1.06B | -1.05B | -2.13B | 182.43M | 286.92M | 42.39M | -348.16M |
Change in Receivables | -259.38M | -517.58M | 428.33M | 409.16M | -334.78M | -1.36B | 217.92M | 489.88M | 0 | 200.47M |
Change in Inventory | -804.41M | -176.44M | 311.46M | 828.8M | -1.06B | -1.33B | 186.9M | 185M | 0 | -247.32M |
Change in Payables | 193.91M | -57.07M | -180.86M | -184.44M | 383.42M | 353.89M | -149.02M | -216.72M | 0 | 0 |
Cash from Investing | 349.12M | 399.11M | -40.39M | -2.09B | 267.9M | -163.56M | -2.69B | -1.4B | -192.6M | 185.56M |
Capital Expenditures | -552.79M | -343.46M | -348.08M | -194.35M | -244.59M | -18.9M | -619.45M | -693.96M | -617.18M | -573.3M |
CapEx % of Revenue | 10.45% | 4.48% | 4.77% | 3.78% | 3.75% | 0.16% | 4.17% | 5.54% | 5.15% | 4.72% |
Acquisitions | 313.53M | 0 | -155.39M | -1.03B | 23.64M | -4.08M | -289.44M | 0 | -17.67M | 20.99M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 588.38M | 742.57M | 76.2M | -178.65M | -140.85M | -263.83M | -1.78B | -703.2M | 442.25M | 281.57M |
Cash from Financing | -401.42M | -900.44M | -353.76M | -375.32M | -647.96M | -178.34M | -1.13B | -2.4B | -2.48B | -2.23B |
Debt Issued (Net) | 106.65M | -412.9M | 132.13M | -287.38M | -325.86M | 364.74M | -259.56M | -197.34M | -184.03M | -44.08M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -213.74M | -1.44B | -1.36B | -1.22B |
Dividends Paid | -484.02M | -484.02M | -484.02M | -82.64M | -318.74M | -531.24M | -636.51M | -757.79M | -900.36M | -902.83M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -213.74M | -1.44B | -1.36B | -1.22B |
Other Financing | -24.05M | -3.52M | -1.87M | -5.3M | -3.35M | -11.84M | -15.2M | -4.72M | -31.12M | -64.42M |
Net Change in Cash | -68.49M▲ 0% | 96.63M▲ 241.1% | 1.13B▲ 1066.9% | -969.69M▼ 186.0% | -266.52M▲ 72.5% | 773.37M▲ 390.2% | 525.16M▼ 32.1% | -955.8M▼ 282.0% | -88.35M▲ 90.8% | 381.94M▲ 0% |
Free Cash Flow | -574.82M▲ 0% | 267.34M▲ 146.5% | 1.18B▲ 341.3% | 1.33B▲ 12.4% | -125.52M▼ 109.5% | 769.87M▲ 713.4% | 3.78B▲ 390.4% | 2.16B▼ 42.7% | 1.98B▼ 8.3% | 1.87B▲ 0% |
FCF Margin % | -10.87% | 3.49% | 16.18% | 25.76% | -1.92% | 6.55% | 25.39% | 17.26% | 16.55% | 15.42% |
FCF Growth % | -673.09% | 146.51% | 341.33% | 12.39% | -109.47% | 713.35% | 390.42% | -42.74% | -8.3% | -10.16% |
FCF per Share | -0.97 | 0.45 | 2.00 | 2.25 | -0.21 | 1.30 | 6.41 | 3.84 | 3.81 | 7.49 |
FCF Conversion (FCF/Net Income) | -0.04x | 0.70x | 2.06x | -2.40x | 0.11x | 0.46x | 1.12x | 1.41x | 1.34x | 0.95x |
Interest Paid | 17.92M | 31.55M | 30.66M | 28.78M | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 176.85M | 170.71M | 395.87M | 140.36M | 0 | 0 | 0 | 0 | 0 | 0 |
TS Key Ratios
Tenaris S.A. (TS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 4.74% | 7.47% | 6.17% | -5.37% | 9.34% | 19.54% | 25.23% | 12.03% | 11.49% | 11.53% |
Return on Invested Capital (ROIC) | 2.09% | 5.4% | 5.45% | -4.38% | 4.42% | 17.08% | 22.04% | 11.23% | 10.25% | 10.34% |
Gross Margin | 30.32% | 31.07% | 29.98% | 20.58% | 29.28% | 39.74% | 41.7% | 35.04% | 34.39% | 31.99% |
Net Margin | 10.3% | 11.44% | 10.18% | -12.33% | 16.87% | 21.71% | 26.35% | 16.26% | 16.13% | 16.18% |
Debt / Equity | 0.08x | 0.05x | 0.02x | 0.08x | 0.04x | 0.06x | 0.01x | 0.03x | 0.03x | 0.03x |
Interest Coverage | 16.80x | 30.02x | 21.73x | -21.92x | 53.49x | 69.91x | 44.35x | 41.26x | 48.50x | 53.08x |
FCF Conversion | -0.04x | 0.70x | 2.06x | -2.40x | 0.11x | 0.46x | 1.12x | 1.41x | 1.34x | 0.95x |
Revenue Growth | 23.17% | 44.82% | -4.76% | -29.44% | 26.71% | 80.37% | 26.41% | -15.77% | -4.33% | 1.27% |
Related:TS Dividend History·TS Revenue History·TS Price History·TS P/E History·TS Financial Ratios·TS Institutional Holders
TS Frequently Asked Questions
Tenaris S.A. (TS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Tenaris S.A. (TS) reported $12.16B in revenue for fiscal year 2025. This represents a 278% increase from $3.22B in 2002.
Tenaris S.A. (TS) saw revenue decline by 4.3% over the past year.
Yes, Tenaris S.A. (TS) is profitable, generating $1.97B in net income for fiscal year 2025 (16.1% net margin).
Dividend & Returns
Yes, Tenaris S.A. (TS) pays a dividend with a yield of 3.03%. This makes it attractive for income-focused investors.
Tenaris S.A. (TS) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Tenaris S.A. (TS) generated $1.87B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.