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

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (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
Revenue	12.16B	3.11B	3.00B	2.96B	3.09B	2.92B	2.85B	2.92B	3.32B
Cost of Goods Sold	7.99B	2.06B	1.98B	1.94B	2.01B	1.92B	1.92B	1.94B	2.14B
Gross Profit	4.17B	1.05B	1.02B	1.03B	1.07B	1.00B	922.96M	979.93M	1.18B
Gross Profit Margin	34.3%	33.9%	33.9%	34.7%	34.7%	34.3%	32.4%	33.6%	35.5%
Total Operating Expenses	1.85B	468.29M	458.19M	433.03M	489.30M	451.44M	364.59M	442.83M	666.35M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	1.77B	468.29M	381.60M	433.03M	483.63M	403.35M	383.67M	454.02M	496.69M
Operating Income (EBIT)	2.32B	585.67M	556.82M	596.63M	582.73M	549.91M	558.38M	537.10M	511.71M
Operating Margin	19.1%	18.8%	18.6%	20.1%	18.9%	18.8%	19.6%	18.4%	15.4%
Income Before Tax (EBT)	2.54B	670.07M	603.30M	624.34M	647.05M	599.21M	641.84M	593.16M	486.37M
Interest Income	234.25M	65.00M	48.84M	55.93M	64.47M	72.49M	51.24M	55.41M	68.88M
Interest Expense	46.97M	11.71M	15.84M	9.59M	9.83M	11.74M	8.93M	15.98M	11.70M
Other Income/Expense	222.91M	84.40M	46.48M	27.71M	64.31M	49.29M	83.46M	56.06M	-25.34M
Net Income	1.97B	542.67M	448.87M	443.71M	531.32M	506.93M	516.21M	448.07M	335.19M
Income Tax Expense	523.13M	103.86M	142.23M	171.70M	105.34M	81.34M	122.71M	133.97M	138.15M
Net Profit Margin	16.2%	17.4%	15.0%	15.0%	17.2%	17.3%	18.1%	15.4%	10.1%
EBITDA	2.80B	737.66M	578.21M	752.77M	732.74M	696.32M	726.16M	688.22M	650.22M
EBITDA Margin	23.0%	23.7%	19.3%	25.4%	23.7%	23.8%	25.5%	23.6%	19.6%
Depreciation & Amortization	479.53M	151.99M	21.39M	156.14M	150.00M	146.41M	167.78M	151.12M	138.51M
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	519.80M	519.80M	519.80M	538.49M	538.49M	538.49M	549.16M	555.86M	569.07M
Diluted Shares Outstanding	519.80M	519.80M	519.80M	538.49M	538.49M	538.49M	549.16M	555.86M	569.07M

Annual Income Statement (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
Revenue	11.98B	12.52B	14.87B	11.76B	6.52B	5.15B	7.29B	7.66B
Cost of Goods Sold	7.86B	8.14B	8.67B	7.09B	4.61B	4.09B	5.11B	5.28B
Gross Profit	4.12B	4.39B	6.20B	4.67B	1.91B	1.06B	2.19B	2.38B
Gross Profit Margin	34.4%	35.0%	41.7%	39.7%	29.3%	20.6%	30.0%	31.1%
Total Operating Expenses	1.83B	1.97B	1.88B	1.71B	1.20B	1.72B	1.35B	1.50B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	63.40M
Selling, General & Administrative	1.59B	1.62B	1.62B	1.40B	1.00B	912.56M	1.17B	1.19B
Operating Income (EBIT)	2.29B	2.42B	4.32B	2.96B	707.51M	-663.07M	832.39M	871.81M
Operating Margin	19.1%	19.3%	29.0%	25.2%	10.8%	-12.9%	11.4%	11.4%
Income Before Tax (EBT)	2.47B	2.56B	4.63B	3.17B	1.24B	-619.27M	933.71M	1.10B
Interest Income	228.37M	229.84M	106.81M	86.11M	38.05M	21.63M	48.06M	42.24M
Interest Expense	46.93M	61.21M	106.86M	45.94M	23.68M	27.01M	44.97M	37.98M
Other Income/Expense	180.45M	137.60M	316.38M	202.66M	535.26M	43.80M	101.32M	231.29M
Net Income	1.93B	2.04B	3.92B	2.55B	1.10B	-634.42M	742.69M	876.06M
Income Tax Expense	500.62M	479.68M	674.96M	617.24M	189.45M	23.15M	202.45M	229.21M
Net Profit Margin	16.1%	16.3%	26.4%	21.7%	16.9%	-12.3%	10.2%	11.4%
EBITDA	2.91B	3.05B	4.86B	3.57B	1.30B	15.73M	1.37B	1.54B
EBITDA Margin	24.3%	24.4%	32.7%	30.4%	20.0%	0.3%	18.8%	20.1%
Depreciation & Amortization	616.17M	632.85M	548.51M	607.72M	594.72M	678.81M	539.52M	664.36M
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	519.80M	562.55M	589.17M	590.27M	590.27M	590.27M	590.27M	590.27M
Diluted Shares Outstanding	519.80M	562.55M	589.17M	590.27M	590.27M	590.27M	590.27M	590.27M

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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