Tenaris S.A. (TS) Operating Margin: 19.10%
Is Tenaris S.A.’s operating margin high or low?
Tenaris S.A.'s operating margin of 19.10% is 26% above its 5-year average of 15.11%, near the high end of its 5-year range (-12.88%–29.03%).
As of Friday, June 19, 2026. 0.65% below its 12-month average of 19.23%.
TS Operating Margin Chart
TS Average Operating Margin Chart
TS Current vs Average Operating Margin Chart
TS Operating Margin Metrics
OPERATING MARGIN
19.10%
OPERATING MARGIN AVG TTM
19.23%
OPERATING MARGIN AVG 3Y
23.17%
OPERATING MARGIN AVG 5Y
15.11%
OPERATING MARGIN AVG 10Y
11.01%
OPERATING MARGIN AVG 15Y
15.54%
OPERATING MARGIN AVG 20Y
18.74%
CURRENT VS TTM AVG
-0.65%
CURRENT VS 3Y AVG
-17.56%
CURRENT VS 5Y AVG
+26.43%
CURRENT VS 10Y AVG
+73.45%
CURRENT VS 15Y AVG
+22.89%
CURRENT VS 20Y AVG
+1.90%
TS Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenaris S.A. (TS) | $30.70B | 19.10% | 19.23% | 23.17% | 15.11% |
| EQT Corporation (EQT)vs › | $31.74B | 46.73% | 23.91% | 28.96% | 10.49% |
| Venture Global, Inc. (VG)vs › | $26.91B | 34.05% | 36.01% | 47.14% | 37.71% |
| Cameco Corporation (CCJ)vs › | $46.38B | 16.59% | 16.48% | 11.17% | 5.18% |
| Antero Midstream Corporation (AM)vs › | $10.31B | 57.56% | 53.61% | 54.17% | 43.65% |
| Occidental Petroleum Corporation (OXY)vs › | $51.54B | 12.39% | 19.63% | 24.70% | 17.59% |
| ONEOK, Inc. (OKE)vs › | $53.09B | 20.26% | 21.96% | 20.06% | 19.87% |
| Enphase Energy, Inc. (ENPH)vs › | $6.89B | 6.81% | 8.49% | 13.92% | 15.90% |
| Weatherford International plc (WFRD)vs › | $6.59B | 15.11% | 16.19% | 14.46% | 3.45% |
| California Resources Corporation (CRC)vs › | $4.91B | 20.70% | 22.83% | 29.75% | 25.77% |
Operating Efficiency
Gross Margin
34.3%
Operating Margin
19.1%
Tenaris S.A. Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tenaris S.A. Operating Margin FAQ
- What is the operating margin for Tenaris S.A. (TS)?
- The operating margin for TS stock is 19.10%.
- Is Tenaris S.A.'s operating margin high or low?
- Tenaris S.A.'s operating margin of 19.10% is 26% above its 5-year average of 15.11%, near the high end of its 5-year range (-12.88%–29.03%).
- What is the TTM average operating margin for Tenaris S.A. (TS)?
- The TTM average operating margin for TS stock is 19.23%.
- What is the 3Y average operating margin for Tenaris S.A. (TS)?
- The 3Y average operating margin for TS stock is 23.17%.
- What is the 5Y average operating margin for Tenaris S.A. (TS)?
- The 5Y average operating margin for TS stock is 15.11%.
- What is the 10Y average operating margin for Tenaris S.A. (TS)?
- The 10Y average operating margin for TS stock is 11.01%.
- What is the 15Y average operating margin for Tenaris S.A. (TS)?
- The 15Y average operating margin for TS stock is 15.54%.
- What is the 20Y average operating margin for Tenaris S.A. (TS)?
- The 20Y average operating margin for TS stock is 18.74%.
Tenaris S.A. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 19.14% |
| 2024-12-31 | 19.31% |
| 2023-12-31 | 29.03% |
| 2022-12-31 | 25.19% |
| 2021-12-31 | 10.85% |
| 2020-12-31 | -12.88% |
| 2019-12-31 | 11.41% |
| 2018-12-31 | 11.38% |
| 2017-12-31 | 6.33% |
| 2016-12-31 | -1.38% |
| 2015-12-31 | 2.75% |
| 2014-12-31 | 18.37% |
| 2013-12-31 | 20.62% |
| 2012-12-31 | 21.75% |
| 2011-12-31 | 19.00% |
| 2010-12-31 | 19.39% |
| 2009-12-31 | 22.25% |
| 2008-12-31 | 24.96% |
| 2007-12-31 | 29.45% |
| 2006-12-31 | 36.14% |
| 2005-12-31 | 28.93% |
| 2004-12-31 | 19.67% |
| 2003-12-31 | 9.06% |
| 2002-12-31 | 14.66% |
| 2001-12-31 | 13.91% |
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.
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- CEO
- Paolo Rocca