Tenaris S.A.(TS)Earnings, Financials & Key Ratios
TS•NYSE
$54.11
14.5× P/E·Price updated Jul 7, 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 Price & Volume
Tenaris S.A. (TS) stock price & volume — 10-year historical chart
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Cyclical Recovery Supports Robust Margin Expansion Potential
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the company maintains a strong liquidity position with a current ratio of 4.15
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Cyclical demand and pricing
Key Thesis Takeaways
- Tenaris demonstrates a resilient operational profile characterized by a fortress balance sheet and effective management of its Rig Direct logistics model.
- While the company faces inherent cyclicality in the energy sector, its ability to maintain a 33.9% gross margin in 2026Q1 suggests strong pricing power and competitive positioning.
- Investors should monitor the impact of inventory-related working capital volatility and jurisdictional risks on future cash flow generation as the company continues its aggressive capital return strategy.
Verdict Logic
the inherent volatility of the energy cycle and historical margin compression risks warrant a cautious approach at the current 15.06 P/E multiple.
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 →
Peers Comparison
Key metrics vs top competitors for Tenaris S.A. (TS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $54.11 | $29.03B | 14.55 | -4.33% | 16.13% | 11.49% | 3.2% | |
| $299.90 | $38.91B | 36.93 | 6.94% | 13.88% | 13.07% | — | |
| $16.60 | $762.4M | -3.06 | 43.81% | -13.85% | -35.45% | — | |
| $221.76 | $31.98B | 27.75 | 3.63% | 7.22% | 15.29% | — | |
| $227.42 | $51.8B | 30.24 | 5.73% | 6.82% | 10.58% | — | |
| $379.35 | $19.39B | 27.14 | 3.32% | 5.43% | 11.17% | — |
Compare TS vs Peers
Tenaris S.A. (TS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TS Frequently Asked Questions
Tenaris S.A. (TS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Tenaris S.A.'s revenue?
Tenaris S.A. (TS) reported $12.16B in revenue for fiscal year 2025. This represents a 278% increase from $3.22B in 2002.
How fast is Tenaris S.A. growing?
Tenaris S.A. (TS) saw revenue decline by 4.3% over the past year.
Is TS profitable?
Yes, Tenaris S.A. (TS) is profitable, generating $1.97B in net income for fiscal year 2025 (16.1% net margin).
Dividend & Returns
Does TS pay dividends?
Yes, Tenaris S.A. (TS) pays a dividend with a yield of 3.20%. This makes it attractive for income-focused investors.
What is TS's return on equity?
Tenaris S.A. (TS) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
What is Tenaris S.A.'s free cash flow?
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.