Tenaris S.A. (TS) Earnings History
Profitable24 years of earnings data (2002–2025) · Positive TTM net income
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Tenaris S.A. (TS) Earnings Overview
As of June 22, 2026, Tenaris S.A. (TS) reported trailing twelve-month net income of $1.97B, reflecting -48.6% year-over-year growth. The company earned $7.86 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 (-$257M 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
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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% |
| 2015 | -$80M | -106.0% | $195M | $-0.14 | -1.1% | 2.8% |
| 2014 | $1.34B | -13.4% | $1.90B | $1.96 | 13.0% | 18.4% |
| 2013 | $1.55B | -8.7% | $2.18B | $2.62 | 14.6% | 20.6% |
| 2012 | $1.70B | +27.6% | $2.36B | $2.88 | 15.7% | 21.8% |
| 2011 | $1.33B | +18.1% | $1.89B | $2.26 | 13.3% | 19.0% |
| 2010 | $1.13B | -2.9% | $1.49B | $1.90 | 14.6% | 19.4% |
| 2009 | $1.16B | -49.0% | $1.81B | $1.96 | 14.3% | 22.3% |
| 2008 | $2.28B | +18.3% | $3.03B | $3.60 | 18.8% | 25.0% |
| 2007 | $1.92B | -1.1% | $2.96B | $3.26 | 19.2% | 29.4% |
| 2006 | $1.95B | +52.3% | $2.79B | $3.30 | 25.2% | 36.1% |
| 2005 | $1.28B | +62.8% | $1.95B | $2.16 | 19.0% | 28.9% |
| 2004 | $785M | +273.1% | $814M | $1.32 | 19.0% | 19.7% |
| 2003 | $210M | +123.0% | $288M | $0.36 | 6.6% | 9.1% |
| 2002 | $94M | - | $472M | $0.26 | 2.9% | 14.7% |
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TS — Frequently Asked Questions
Quick answers to the most common questions about buying TS stock.
What is TS earnings per share (EPS)?
TS trailing twelve-month (TTM) diluted EPS is $7.86, reflecting -48.6% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2002 to 2025 is available in the table on this page.
What is Tenaris S.A.'s net income?
Tenaris S.A. (TS) trailing twelve-month net income is $2.0B as of 2025. Earnings declined -48.6% year-over-year. Tenaris S.A. has been profitable for 5 consecutive years.
Is TS profitable?
Yes, TS is profitable with a TTM net income of $2.0B and a net profit margin of +16.1%. Tenaris S.A. has generated profits for 5 consecutive years.
What is TS's earnings growth rate?
TS compound annual EPS growth rates (CAGR): 1-Year: -48.6%, 3-Year: -4.9%, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2002 to 2025.
What are TS's profit margins?
Tenaris S.A. net profit margin is +16.1%, operating margin is +19.1%, and gross margin is +34.4%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.5%.
Is TS growing earnings?
TS earnings are declining — EPS fell -48.6% year-over-year. TTM net income dropped to $2.0B. This contrasts with the 5-year CAGR of N/A.
What was TS's best earnings year?
Tenaris S.A.'s highest annual net income on record is $3.9B, achieved in fiscal year 2023. Earnings history on this page spans 2002 to 2025 and includes all annual and quarterly figures.
What were TS's earnings last quarter?
TS's most recent reported quarter was Q1 2026. Net income was $543M with diluted EPS of $2.16. For a full breakdown of all quarters, see the quarterly earnings table on this page.