Tenaris S.A. (TS)TSTenaris S.A.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Total Current Assets	9.60B	9.60B	9.07B	9.36B	9.16B	9.30B	9.24B	9.92B	9.82B
Cash & Cash Equivalents	1.15B	1.15B	572.65M	547.18M	572.29M	770.21M	675.26M	715.03M	850.24M
Short-Term Investments	2.27B	2.27B	2.31B	2.44B	2.48B	2.58B	2.37B	2.80B	2.45B
Cash & Short-Term Investments	3.42B	3.42B	2.88B	2.99B	3.05B	3.35B	3.05B	3.51B	3.30B
Accounts Receivable	2.38B	2.38B	2.55B	2.55B	2.37B	2.25B	2.43B	2.39B	2.68B
Inventory	3.61B	3.61B	3.60B	3.51B	3.49B	3.52B	3.71B	3.76B	3.83B
Total Assets	20.51B	20.51B	20.07B	20.47B	20.41B	20.62B	20.45B	21.14B	21.10B
Property, Plant & Equipment	6.32B	6.32B	6.35B	6.36B	6.32B	6.33B	6.27B	6.30B	6.25B
Goodwill	0.00	0.00	1.09B	0.00	0.00	0.00	1.09B	0.00	0.00
Intangible Assets	1.36B	1.36B	265.63M	1.36B	1.36B	1.36B	267.73M	1.36B	1.35B
Long-Term Investments	2.41B	2.41B	2.32B	2.56B	2.74B	2.59B	2.55B	2.57B	2.67B
Total Current Liabilities	2.32B	2.32B	2.35B	2.29B	2.68B	2.28B	2.64B	2.72B	3.16B
Accounts Payable	845.91M	845.91M	872.91M	830.17M	910.43M	831.72M	880.26M	962.36M	1.02B
Short-Term Debt	379.48M	379.48M	305.35M	378.78M	319.92M	345.18M	426.00M	486.00M	559.52M
Total Liabilities	3.17B	3.17B	3.24B	3.21B	3.61B	3.22B	3.64B	3.72B	4.18B
Long-Term Debt	360K	360K	368K	2.25M	4.36M	7.44M	11.40M	14.40M	21.39M
Total Debt	473.52M	473.52M	448.97M	477.51M	472.37M	497.83M	582.32M	652.14M	737.26M
Net Debt (Cash)	-678.61M	-678.61M	-123.68M	-69.67M	-99.92M	-272.38M	-92.93M	-62.89M	-112.98M
Total Shareholders' Equity	17.09B	17.09B	16.60B	17.04B	16.58B	17.16B	16.59B	17.20B	16.71B
Common Stock	1.07B	1.07B	1.07B	1.07B	1.07B	1.16B	1.16B	1.16B	1.16B
Retained Earnings	18.42B	18.42B	17.88B	17.73B	17.30B	18.25B	17.74B	17.52B	17.08B
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

Annual Balance Sheet (USD)

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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	9.07B	9.24B	10.50B	8.47B	4.98B	4.29B	5.67B	5.46B
Cash & Cash Equivalents	572.65M	675.26M	1.64B	1.09B	318.13M	584.68M	1.55B	428.36M
Short-Term Investments	2.31B	2.37B	1.97B	438.45M	397.85M	872.49M	210.38M	487.73M
Cash & Short-Term Investments	2.88B	3.05B	3.61B	1.53B	715.98M	1.46B	1.76B	916.10M
Accounts Receivable	2.55B	2.43B	2.48B	2.49B	1.57B	968.15M	1.35B	1.74B
Inventory	3.60B	3.71B	3.92B	3.99B	2.67B	1.64B	2.27B	2.52B
Total Assets	20.07B	20.45B	21.08B	17.55B	14.45B	13.72B	14.84B	14.25B
Property, Plant & Equipment	6.35B	6.27B	6.21B	5.67B	5.93B	6.44B	6.32B	6.06B
Goodwill	1.09B	1.09B	1.10B	1.09B	1.08B	1.09B	1.32B	1.29B
Intangible Assets	265.63M	267.73M	273.40M	247.46M	287.53M	343.09M	241.31M	177.62M
Long-Term Investments	2.32B	2.55B	2.01B	1.66B	1.70B	1.20B	904.90M	923.72M
Total Current Liabilities	2.35B	2.64B	2.90B	2.79B	1.56B	1.17B	1.78B	1.72B
Accounts Payable	872.91M	880.26M	1.11B	1.18B	845.26M	462.11M	555.89M	693.67M
Short-Term Debt	305.35M	426.00M	21.22M	682.33M	219.50M	346.76M	24K	1.64M
Total Liabilities	3.24B	3.64B	4.05B	3.52B	2.34B	2.27B	2.66B	2.38B
Long-Term Debt	368K	11.40M	48.30M	46.43M	111.43M	315.74M	40.88M	29.19M
Total Debt	448.97M	582.32M	203.96M	840.94M	448.22M	919.85M	271.07M	539.01M
Net Debt (Cash)	-123.68M	-92.93M	-1.43B	-250.59M	130.09M	335.16M	-1.28B	110.65M
Total Shareholders' Equity	16.60B	16.59B	16.84B	13.91B	11.96B	11.26B	11.99B	11.78B
Common Stock	1.07B	1.16B	1.18B	1.18B	1.18B	1.18B	1.18B	1.18B
Retained Earnings	17.88B	17.74B	16.74B	13.46B	11.44B	10.66B	11.37B	11.12B
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.

Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. It provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks, and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure. The company also offers cold-drawn pipes for use in boilers, superheaters, condensers, heat exchangers, automobile production, and other industrial applications; premium joints and couplings for use in high temperature or high pressure environments under the TenarisHydril brand name; coiled tubing is used for oil and gas drilling and well workovers and for subsea pipelines; sucker rods used in oil extraction activities, tubes used for plumbing and construction applications, and oilfield / hydraulic fracturing services; pipe coating services; and automotive components. In addition, it engages in the sale of energy and raw materials; development, management, and licensing of intellectual property; procurement and trading services; and financial operations, as well as markets steel products. Further, the company manufactures and markets connections; and welded and seamless steel pipes. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.àr.l.

Luxembourg, LU

24,875 employees

www.tenaris.com

Energy / Oil & Gas Equipment & Services

Sector: Energy
Industry: Oil & Gas Equipment & Services
CEO: Gabriel Podskubka

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