Tenaris S.A. (TS)

TS Balance Sheet

Assets, liabilities, and equity analysis

TS Quarterly Balance Sheet (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
Total Current Assets	9.599B	9.599B	9.073B	9.358B	9.157B	9.304B	9.236B	9.922B	9.821B
Cash & Cash Equivalents	1.152B	1.152B	572.647M	547.183M	572.289M	770.208M	675.256M	715.028M	850.236M
Short-Term Investments	2.265B	2.265B	2.307B	2.442B	2.483B	2.582B	2.373B	2.799B	2.452B
Cash & Short-Term Investments	3.417B	3.417B	2.879B	2.989B	3.055B	3.352B	3.048B	3.514B	3.303B
Accounts Receivable	2.378B	2.378B	1.956B	2.547B	2.368B	2.254B	2.433B	2.387B	2.678B
Inventory	3.607B	3.607B	3.602B	3.507B	3.487B	3.519B	3.710B	3.763B	3.835B
Total Assets	20.515B	20.515B	20.072B	20.466B	20.408B	20.619B	20.450B	21.140B	21.100B
Property, Plant & Equipment	6.317B	6.317B	6.350B	6.362B	6.315B	6.331B	6.270B	6.300B	6.247B
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	1.090B	0.00	0.00
Intangible Assets	1.357B	1.357B	1.357B	1.357B	1.362B	1.359B	267.730M	1.356B	1.352B
Long-Term Investments	2.413B	2.413B	2.319B	2.555B	2.737B	2.589B	2.549B	2.571B	2.666B
Total Current Liabilities	2.315B	2.315B	2.346B	2.294B	2.681B	2.282B	2.637B	2.718B	3.160B
Accounts Payable	845.913M	845.913M	872.913M	830.173M	910.427M	831.716M	880.261M	962.358M	1.020B
Short-Term Debt	379.484M	379.484M	305.354M	378.785M	319.919M	345.183M	425.999M	485.996M	559.517M
Total Liabilities	3.167B	3.167B	3.243B	3.207B	3.613B	3.223B	3.636B	3.721B	4.183B
Long-Term Debt	360K	360K	368K	2.251M	4.361M	7.437M	11.399M	14.405M	21.386M
Total Debt	473.517M	473.517M	448.971M	477.511M	472.367M	497.829M	582.324M	652.138M	737.256M
Net Debt (Cash)	-678.613M	-678.613M	-123.676M	-69.672M	-99.922M	-272.379M	-92.932M	-62.890M	-112.980M
Total Shareholders' Equity	17.094B	17.094B	16.599B	17.041B	16.584B	17.165B	16.593B	17.200B	16.708B
Common Stock	1.072B	1.072B	16.599B	1.072B	1.072B	1.163B	1.163B	1.163B	1.163B
Retained Earnings	18.423B	18.423B	17.882B	17.733B	17.299B	18.249B	17.742B	17.525B	17.076B
Current Ratio	4.15	4.15	3.87	4.08	3.41	4.08	3.50	3.65	3.11
Debt to Equity Ratio	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04

TS Annual Balance Sheet (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
Total Current Assets	9.073B	9.236B	10.504B	8.469B	4.981B	4.288B	5.671B	5.464B
Cash & Cash Equivalents	572.647M	675.256M	1.638B	1.092B	318.127M	584.681M	1.554B	428.361M
Short-Term Investments	2.307B	2.373B	1.970B	438.448M	397.849M	872.488M	210.376M	487.734M
Cash & Short-Term Investments	2.879B	3.048B	3.607B	1.530B	715.976M	1.457B	1.765B	916.095M
Accounts Receivable	1.956B	2.433B	2.481B	2.494B	1.571B	968.148M	1.348B	1.737B
Inventory	3.602B	3.710B	3.921B	3.987B	2.673B	1.637B	2.266B	2.524B
Total Assets	20.072B	20.450B	21.082B	17.550B	14.449B	13.716B	14.843B	14.251B
Property, Plant & Equipment	6.350B	6.270B	6.210B	5.668B	5.934B	6.435B	6.323B	6.064B
Goodwill	1.091B	1.090B	1.104B	1.085B	1.085B	1.086B	1.320B	1.288B
Intangible Assets	265.634M	267.730M	273.403M	247.456M	287.532M	343.088M	241.314M	177.621M
Long-Term Investments	2.319B	2.549B	2.014B	1.661B	1.704B	1.204B	904.899M	923.723M
Total Current Liabilities	2.346B	2.637B	2.902B	2.788B	1.560B	1.166B	1.780B	1.718B
Accounts Payable	872.913M	880.261M	1.108B	1.179B	845.256M	462.105M	555.887M	693.673M
Short-Term Debt	305.354M	425.999M	21.224M	682.329M	219.501M	346.763M	24K	1.644M
Total Liabilities	3.243B	3.636B	4.051B	3.516B	2.344B	2.270B	2.657B	2.376B
Long-Term Debt	368K	11.399M	48.304M	46.433M	111.432M	315.739M	40.880M	29.187M
Total Debt	448.971M	582.324M	203.961M	840.939M	448.218M	919.845M	271.071M	539.007M
Net Debt (Cash)	-123.676M	-92.932M	-1.434B	-250.588M	130.091M	335.164M	-1.283B	110.646M
Total Shareholders' Equity	16.599B	16.593B	16.843B	13.906B	11.961B	11.263B	11.989B	11.783B
Common Stock	1.072B	1.163B	1.181B	1.181B	1.181B	1.181B	1.181B	1.181B
Retained Earnings	17.882B	17.742B	16.743B	13.462B	11.440B	10.658B	11.375B	11.116B
Current Ratio	3.87	3.50	3.62	3.04	3.19	3.68	3.18	3.18
Debt to Equity Ratio	0.03	0.04	0.01	0.06	0.04	0.08	0.02	0.05

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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