Tenaris S.A. (TS) Earnings History
Annual and quarterly earnings data from 2002 to 2025
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TS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 34.4% | 19.1% | 16.1% |
| 2024 | 35.0% | 19.3% | 16.3% |
| 2023 | 41.7% | 29.0% | 26.4% |
| 2022 | 39.7% | 25.2% | 21.7% |
| 2021 | 29.3% | 10.8% | 16.9% |
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Tenaris S.A. (TS) Earnings Overview
As of May 8, 2026, Tenaris S.A. (TS) reported trailing twelve-month net income of $1.93B, reflecting -48.6% year-over-year growth. The company earned $3.71 per diluted share over the past four quarters, with a net profit margin of 16.1%.
Looking at the long-term picture, TS's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.92B in fiscal 2023.
Tenaris S.A. maintains industry-leading profitability with a gross margin of 34.4%, operating margin of 19.1%, and net margin of 16.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including VMC ($1.12B net income, 13.6% margin), NX (-$240M net income, -13.6% margin), STLD ($1.37B net income, 6.5% margin), TS has outperformed on profitability metrics. Compare TS vs VMC →
TS Earnings vs Peers
Earnings metrics vs comparable public companies
TS Historical Earnings Data (2002–2025)
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.93B | -5.1% | $2.28B | $3.72 | 16.1% | 19.1% |
| 2024 | $2.04B | -48.0% | $2.42B | $7.24 | 16.3% | 19.3% |
| 2023 | $3.92B | +53.5% | $4.32B | $6.66 | 26.4% | 29.0% |
| 2022 | $2.55B | +132.1% | $2.96B | $4.32 | 21.7% | 25.2% |
| 2021 | $1.10B | +273.4% | $708M | $1.86 | 16.9% | 10.8% |
| 2020 | -$634M | -185.4% | -$663M | $-1.08 | -12.3% | -12.9% |
| 2019 | $743M | -15.2% | $832M | $1.26 | 10.2% | 11.4% |
| 2018 | $876M | +60.8% | $872M | $1.48 | 11.4% | 11.4% |
| 2017 | $545M | +885.1% | $335M | $0.92 | 10.3% | 6.3% |
| 2016 | $55M | +169.0% | -$59M | $0.10 | 1.3% | -1.4% |
Full TS Stock Analysis
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Start ComparisonTS — Frequently Asked Questions
Quick answers to the most common questions about buying TS stock.
Is TS growing earnings?
TS EPS fell to $3.71, with earnings declining -48.6%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $1.9B.
What are TS's profit margins?
Tenaris S.A. net margin is +16.1%, with operating margin at +19.1%. Above-average margins indicate pricing power.
How consistent are TS's earnings?
TS earnings data spans 2002-2025. The declining earnings trend is -48.6% YoY. Historical data enables comparison across business cycles.