Tenaris S.A. (TS) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Tenaris S.A. (TS) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

TS Income Statement

Tenaris S.A. (TS) annual income statement — 24-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	2.97B	3.11B	3B	2.96B	3.09B	2.92B	2.85B	2.92B	3.32B	3.44B	3.41B	3.24B	4.07B	4.14B	3.62B	2.97B	2.8B	2.37B	2.06B	1.75B
Revenue Growth %	-3.86%	6.49%	5.27%	1.69%	-7.11%	-15.09%	-16.68%	-9.96%	-18.48%	-16.89%	-5.67%	8.84%	45.51%	74.95%	75.98%	69.63%	83.22%	100.29%	81.95%	73.17%
Cost of Goods Sold	1.98B	2.06B	1.98B	1.94B	2.01B	1.92B	1.92B	1.94B	2.14B	2.13B	2.12B	1.97B	2.27B	2.31B	2.06B	1.77B	1.74B	1.52B	1.4B	1.21B
COGS % of Revenue	66.81%	66.13%	66.11%	65.35%	65.26%	65.73%	67.56%	66.39%	64.53%	62.01%	62.1%	60.95%	55.64%	55.73%	57.01%	59.38%	61.97%	64.3%	68.07%	69.25%
Gross Profit	984.66M	1.05B	1.02B	1.03B	1.07B	1B	922.96M	979.93M	1.18B	1.31B	1.29B	1.26B	1.81B	1.83B	1.56B	1.21B	1.07B	845.1M	656.79M	539.29M
Gross Margin %	33.19%	33.87%	33.89%	34.65%	34.74%	34.27%	32.44%	33.61%	35.47%	37.99%	37.9%	39.05%	44.36%	44.27%	42.99%	40.62%	38.03%	35.7%	31.93%	30.75%
Gross Profit Growth %	-8.15%	5.25%	9.97%	4.85%	-9%	-23.41%	-28.69%	-22.5%	-34.83%	-28.68%	-16.83%	4.65%	69.72%	116.95%	136.95%	124.06%	156.83%	182.84%	179.28%	243.77%
Operating Expenses	490.66M	468.29M	458.19M	433.03M	489.3M	451.44M	364.59M	442.83M	666.35M	496.9M	475.38M	396.55M	529.56M	482.05M	543.19M	405.19M	402.29M	360.85M	383.48M	308.38M
OpEx % of Revenue	16.54%	15.05%	15.3%	14.61%	15.86%	15.45%	12.81%	15.19%	20.06%	14.44%	13.92%	12.25%	13%	11.64%	15%	13.62%	14.37%	15.24%	18.64%	17.58%
Selling, General & Admin	484.11M	468.29M	381.6M	433.03M	483.63M	403.35M	383.67M	454.02M	496.69M	417.08M	410.67M	432.68M	528.74M	411.78M	377.35M	403.44M	411.74M	316.42M	287.26M	316.71M
SG&A % of Revenue	16.32%	15.05%	12.74%	14.61%	15.67%	13.8%	13.48%	15.57%	14.95%	12.12%	12.03%	13.36%	12.98%	9.94%	10.42%	13.56%	14.7%	13.37%	13.96%	18.06%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	0	1000K	0	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K	0	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Operating Income	494M	585.67M	556.82M	596.63M	582.73M	549.91M	558.38M	537.1M	511.71M	811.66M	818.96M	867.9M	1.28B	1.35B	1.01B	803.13M	662.85M	484.25M	273.31M	230.91M
Operating Margin %	16.65%	18.82%	18.59%	20.12%	18.89%	18.82%	19.63%	18.42%	15.41%	23.58%	23.98%	26.8%	31.37%	32.63%	27.98%	27%	23.67%	20.46%	13.29%	13.17%
Operating Income Growth %	-15.23%	6.5%	-0.28%	11.08%	13.88%	-32.25%	-31.82%	-38.12%	-59.97%	-39.94%	-19.16%	8.07%	92.83%	179.06%	270.65%	247.81%	336.96%	838.64%	3600.95%	428.39%
EBITDA	790M	737.66M	578.21M	752.77M	732.74M	696.32M	726.16M	688.22M	650.22M	987.11M	975.31M	1B	1.41B	1.48B	1.19B	945.61M	805.87M	627.33M	425.48M	379.37M
EBITDA Margin %	26.63%	23.71%	19.31%	25.39%	23.75%	23.83%	25.52%	23.61%	19.57%	28.68%	28.56%	31.01%	34.57%	35.66%	32.93%	31.79%	28.78%	26.5%	20.68%	21.63%
EBITDA Growth %	7.82%	5.94%	-20.37%	9.38%	12.69%	-29.46%	-25.55%	-31.45%	-53.84%	-33.16%	-18.19%	6.18%	74.81%	135.41%	180.2%	149.26%	167.45%	219.97%	121.13%	253.61%
D&A (Non-Cash Add-back)	296M	151.99M	21.39M	156.14M	150M	146.41M	167.78M	151.12M	138.51M	175.44M	156.35M	136.13M	130.58M	125.45M	179.13M	142.49M	143.02M	143.08M	152.16M	148.47M
EBIT	585.98M	681.77M	619.14M	631.16M	656.76M	610.95M	615.49M	609.14M	502.1M	855.66M	988.69M	844.18M	1.28B	1.46B	1.08B	803.13M	662.85M	572.58M	415.23M	230.91M
Net Interest Income	41.06M	53.3M	33M	46.34M	54.64M	60.74M	42.4M	39.44M	57.18M	26.77M	38.81M	34.68M	8.59M	12.92M	40.24M	5.46M	314K	3.69M	18.69M	-2.13M
Interest Income	52.97M	65M	48.84M	55.93M	64.47M	72.49M	51.24M	55.41M	68.88M	47.36M	58.56M	53.86M	44.97M	44.47M	60.48M	23.2M	6.44M	5.53M	25.55M	4.19M
Interest Expense	11.91M	11.71M	15.84M	9.59M	9.83M	11.74M	8.93M	15.98M	11.7M	20.58M	19.76M	19.18M	36.38M	31.55M	20.24M	17.74M	6.13M	1.83M	6.85M	6.32M
Other Income/Expense	80.07M	84.4M	46.48M	27.71M	64.31M	49.29M	83.46M	56.06M	-25.34M	23.42M	149.97M	-42.9M	135.48M	73.83M	48.35M	-23.82M	91.64M	86.49M	135.07M	153.83M
Pretax Income	574.07M	670.07M	603.3M	624.34M	647.05M	599.21M	641.84M	593.16M	486.37M	835.08M	968.93M	825M	1.41B	1.43B	1.06B	779.31M	754.49M	570.74M	408.38M	384.74M
Pretax Margin %	19.35%	21.53%	20.14%	21.06%	20.97%	20.51%	22.56%	20.35%	14.64%	24.26%	28.37%	25.48%	34.69%	34.41%	29.32%	26.2%	26.94%	24.11%	19.85%	21.94%
Income Tax	81.94M	103.86M	142.23M	171.7M	105.34M	81.34M	122.71M	133.97M	138.15M	84.86M	-176.85M	278.2M	277.63M	295.97M	258.23M	171.24M	120.46M	67.31M	72.25M	58.51M
Effective Tax Rate %	14.27%	15.5%	23.58%	27.5%	16.28%	13.57%	19.12%	22.59%	28.4%	10.16%	-18.25%	33.72%	19.64%	20.77%	24.33%	21.97%	15.97%	11.79%	17.69%	15.21%
Net Income	477.14M	542.67M	448.87M	443.71M	531.32M	506.93M	516.21M	448.07M	335.19M	736.98M	1.13B	537.31M	1.12B	1.13B	807.32M	606.47M	636.72M	502.77M	370.03M	329.87M
Net Margin %	16.08%	17.44%	14.99%	14.97%	17.22%	17.35%	18.14%	15.37%	10.09%	21.41%	33.06%	16.59%	27.56%	27.25%	22.3%	20.39%	22.74%	21.24%	17.99%	18.81%
Net Income Growth %	-10.2%	7.05%	-13.05%	-0.97%	58.52%	-31.22%	-54.28%	-16.61%	-70.15%	-34.7%	39.86%	-11.4%	76.38%	124.48%	118.17%	83.85%	116.62%	372.77%	247.26%	1101.25%
Net Income (Continuing)	492.13M	566.21M	461.06M	452.65M	541.71M	517.86M	519.13M	459.19M	348.23M	750.23M	1.15B	546.8M	1.14B	1.13B	803.17M	608.07M	634.03M	503.43M	336.14M	326.24M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	255.87M	253.03M	229.88M	218.09M	211.12M	231.99M	220.58M	219.17M	208.57M	201.56M	187.47M	170.59M	160.89M	129.45M	128.73M	129.9M	144.37M	145.79M	145.12M	178.73M
EPS (Diluted)	0.94	1.04	0.86	0.82	1.00	0.94	0.94	0.80	0.58	1.26	1.92	1.82	1.90	1.92	1.36	1.02	1.08	0.86	0.62	0.56
EPS Growth %	-6%	10.64%	-8.51%	2.5%	72.41%	-25.4%	-51.04%	-56.04%	-69.47%	-34.38%	41.18%	78.43%	75.93%	123.26%	119.35%	82.14%	116%	377.78%	244.44%	1103.58%
EPS (Basic)	0.94	1.04	0.86	0.86	1.00	0.94	0.94	0.80	0.58	1.26	1.92	1.82	1.90	1.92	1.36	1.02	1.08	0.86	0.62	0.56
Diluted Shares Outstanding	504.82M	519.8M	519.8M	538.49M	538.49M	538.49M	549.16M	555.86M	569.07M	580M	588.07M	590.27M	591.07M	590.27M	593.62M	590.27M	590.27M	590.27M	596.83M	590.27M
Basic Shares Outstanding	504.82M	519.8M	519.8M	538.49M	538.49M	538.49M	549.16M	555.86M	569.07M	580M	588.07M	590.27M	590.27M	587.83M	590.27M	590.27M	590.27M	590.27M	590.27M	590.27M
Dividend Payout Ratio	127.09%	-	66.84%	-	113.89%	-	57.97%	-	136.81%	-	20.82%	-	35.74%	-	24.85%	-	51.92%	-	41.47%	-