Tenaris S.A. (TS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 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 | 1.53B |
| Revenue Growth % | 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% | 23.16% |
| Cost of Goods Sold | 2.06B | 2.26B | 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 | 1.11B |
| COGS % of Revenue | 66.13% | 75.44% | 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% | 72.87% |
| Gross Profit | 1.05B | 735.68M | 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 | 414.73M |
| Gross Margin % | 33.87% | 24.56% | 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% | 27.13% |
| Gross Profit Growth % | 5.25% | -20.29% | 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% | 108.7% |
| Operating Expenses | 468.29M | 181.74M | 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 | 263.04M |
| OpEx % of Revenue | 15.05% | 6.07% | 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% | 17.21% |
| Selling, General & Admin | 468.29M | 545.51M | 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 | 296.79M |
| SG&A % of Revenue | 15.05% | 18.21% | 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% | 19.42% |
| 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 | 0 | -1000K | 0 | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 0 | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
| Operating Income | 585.67M | 553.94M | 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 | 151.69M |
| Operating Margin % | 18.82% | 18.49% | 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% | 9.92% |
| Operating Income Growth % | 6.5% | -0.8% | 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% | 267.44% |
| EBITDA | 737.66M | 763.77M | 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 | 301.32M |
| EBITDA Margin % | 23.71% | 25.5% | 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% | 19.71% |
| EBITDA Growth % | 5.94% | 5.18% | 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% | 414.13% |
| D&A (Non-Cash Add-back) | 151.99M | 209.83M | 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 | 149.63M |
| EBIT | 585.67M | 619.13M | 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 | 151.69M |
| Net Interest Income | 53.3M | 38.08M | 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 | -2.11M |
| Interest Income | 65M | 53.9M | 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 | 3.72M |
| Interest Expense | 11.71M | 15.83M | 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 | 5.83M |
| Other Income/Expense | 84.4M | 49.36M | 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 | 155.44M |
| Pretax Income | 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 | 307.13M |
| Pretax Margin % | 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% | 20.09% |
| Income Tax | 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 | 16.95M |
| Effective Tax Rate % | 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% | 5.52% |
| Net Income | 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 | 293.94M |
| Net Margin % | 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% | 19.23% |
| Net Income Growth % | 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% | 712.87% |
| Net Income (Continuing) | 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 | 290.18M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 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 | 178.49M |
| EPS (Diluted) | 2.16 | 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 | 0.50 |
| EPS Growth % | 129.79% | -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% | 715.76% |
| EPS (Basic) | 2.16 | 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 | 0.50 |
| Diluted Shares Outstanding | 250.33M | 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 | 590.27M |
| Basic Shares Outstanding | 250.33M | 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 | 590.27M |
| Dividend Payout Ratio | - | 66.84% | 0.53% | 113.89% | - | 57.97% | - | 136.81% | - | 20.82% | - | 35.74% | - | 24.85% | - | 51.92% | - | 41.47% | - | 56.23% |