Tenaris S.A. (TS)

TS Financials

TS Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	12.157B	3.112B	2.995B	2.965B	3.086B	2.922B	2.845B	2.915B	3.322B
Cost of Goods Sold	7.989B	2.058B	1.980B	1.937B	2.014B	1.921B	1.922B	1.936B	2.144B
Gross Profit	4.168B	1.054B	1.015B	1.027B	1.072B	1.001B	922.963M	979.927M	1.178B
Gross Profit Margin	33.9%	33.9%	33.9%	34.7%	34.7%	34.3%	32.4%	33.6%	35.5%
Total Operating Expenses	1.849B	468.287M	458.189M	433.034M	489.299M	451.444M	364.586M	442.828M	666.354M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	1.767B	468.287M	381.604M	433.034M	483.633M	403.353M	383.667M	454.020M	496.688M
Operating Income (EBIT)	2.322B	585.665M	556.819M	596.631M	582.734M	549.913M	558.377M	537.099M	511.709M
Operating Margin	18.8%	18.8%	18.6%	20.1%	18.9%	18.8%	19.6%	18.4%	15.4%
Income Before Tax (EBT)	2.545B	670.066M	603.297M	624.344M	647.048M	599.206M	641.840M	593.159M	486.373M
Interest Income	234.248M	65.004M	48.841M	55.931M	64.471M	72.489M	51.240M	55.414M	68.884M
Interest Expense	46.974M	11.706M	15.840M	9.593M	9.834M	11.745M	8.928M	15.979M	11.701M
Other Income/Expense	222.906M	84.401M	46.478M	27.713M	64.314M	49.293M	83.463M	56.060M	-25.336M
Net Income	1.967B	542.666M	448.865M	443.711M	531.323M	506.931M	516.213M	448.066M	335.186M
Income Tax Expense	523.131M	103.857M	142.234M	171.698M	105.342M	81.342M	122.709M	133.968M	138.147M
Net Profit Margin	17.4%	17.4%	15.0%	15.0%	17.2%	17.3%	18.1%	15.4%	10.1%
EBITDA	3.068B	833.763M	640.531M	787.303M	806.762M	757.357M	783.266M	760.260M	640.604M
EBITDA Margin	26.8%	26.8%	21.4%	26.6%	26.1%	25.9%	27.5%	26.1%	19.3%
Depreciation & Amortization	479.530M	151.990M	21.394M	156.143M	150.002M	146.406M	167.781M	151.122M	138.509M
EPS Basic	3.76	1.04	0.86	0.86	1.00	0.94	0.94	0.80	0.58
EPS Diluted	3.72	1.04	0.86	0.82	1.00	0.94	0.94	0.80	0.58
Shares Outstanding	519.798M	519.798M	519.798M	538.491M	538.491M	538.491M	549.163M	555.860M	569.071M
Diluted Shares Outstanding	519.797M	519.797M	519.797M	538.491M	538.491M	538.491M	549.163M	555.858M	569.069M

TS Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	11.981B	12.524B	14.869B	11.763B	6.521B	5.147B	7.294B	7.659B
Cost of Goods Sold	7.861B	8.135B	8.669B	7.088B	4.612B	4.087B	5.107B	5.279B
Gross Profit	4.120B	4.388B	6.200B	4.675B	1.910B	1.059B	2.187B	2.379B
Gross Profit Margin	34.4%	35.0%	41.7%	39.7%	29.3%	20.6%	30.0%	31.1%
Total Operating Expenses	1.827B	1.970B	1.884B	1.712B	1.202B	1.722B	1.354B	1.501B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.400M
Selling, General & Administrative	1.586B	1.620B	1.624B	1.396B	1.005B	912.559M	1.167B	1.190B
Operating Income (EBIT)	2.293B	2.419B	4.316B	2.963B	707.509M	-663.071M	832.391M	871.813M
Operating Margin	19.1%	19.3%	29.0%	25.2%	10.8%	-12.9%	11.4%	11.4%
Income Before Tax (EBT)	2.474B	2.556B	4.633B	3.166B	1.243B	-619.267M	933.710M	1.103B
Interest Income	228.369M	229.835M	106.808M	86.112M	38.048M	21.625M	48.061M	42.244M
Interest Expense	46.933M	61.212M	106.862M	45.940M	23.677M	27.014M	44.966M	37.977M
Other Income/Expense	180.453M	137.604M	316.381M	202.662M	535.257M	43.804M	101.319M	231.294M
Net Income	1.933B	2.036B	3.918B	2.553B	1.100B	-634.418M	742.686M	876.063M
Income Tax Expense	500.616M	479.680M	674.956M	617.236M	189.448M	23.150M	202.452M	229.207M
Net Profit Margin	16.1%	16.3%	26.4%	21.7%	16.9%	-12.3%	10.2%	11.4%
EBITDA	3.137B	3.159B	5.288B	3.820B	1.861B	86.553M	1.517B	1.804B
EBITDA Margin	26.2%	25.2%	35.6%	32.5%	28.5%	1.7%	20.8%	23.6%
Depreciation & Amortization	616.170M	632.854M	548.510M	607.723M	594.721M	678.806M	539.521M	664.357M
EPS Basic	3.72	7.24	6.66	4.32	1.86	-1.08	1.26	1.48
EPS Diluted	3.72	7.24	6.66	4.32	1.86	-1.08	1.26	1.48
Shares Outstanding	519.797M	562.554M	589.170M	590.269M	590.269M	590.269M	590.268M	590.269M
Diluted Shares Outstanding	519.797M	562.554M	589.170M	590.269M	590.269M	590.269M	590.268M	590.269M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Tenaris S.A.

Headquartered in Luxembourg and founded in 2001, Tenaris S.A., a subsidiary of Techint Holdings S.à r.l., is a prominent global manufacturer and distributor of steel tubular products. The company specializes in both seamless and welded steel pipes, offering a comprehensive suite of associated services. While its primary focus is the oil and gas industry, Tenaris also caters to a wide array of other industrial applications. Its extensive product catalog includes various steel casings, diverse tubing options, mechanical and structural piping, cold-drawn pipes, and premium joints and couplings. Furthermore, they supply coiled tubing vital for oil and gas drilling, well workovers, and subsea pipelines, alongside umbilical tubing products and a broad range of tubular accessories. Beyond these core offerings, Tenaris provides sucker rods, industrial machinery, heat exchangers, and utility conduits for construction. The company also engages in the sale of energy and raw materials, and offers financial services. Tenaris maintains a significant international footprint, with operations spanning North America, South America, Europe, the Middle East and Africa, and the Asia Pacific region.

Luxembourg City

25,874 employees

www.tenaris.com

Energy / Oil & Gas Equipment & Services

Sector: Energy
Industry: Oil & Gas Equipment & Services
CEO: Paolo Rocca

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