Tenaris S.A. (TS) FCF Payout Ratio: 49.37%
Is Tenaris S.A.’s FCF payout ratio high or low?
Tenaris S.A.'s FCF payout ratio of 49.37% is 43% above its 5-year average of 34.51%, around the middle of its 5-year range (6.23%–69.00%).
22.70% above its 12-month average of 40.24%.
TS FCF Payout Ratio Chart
TS Average FCF Payout Ratio Chart
TS Current vs Average FCF Payout Ratio Chart
TS FCF Payout Ratio Metrics
FCF PAYOUT RATIO
49.37%
FCF PAYOUT RATIO AVG TTM
40.24%
FCF PAYOUT RATIO AVG 3Y
41.58%
FCF PAYOUT RATIO AVG 5Y
34.51%
FCF PAYOUT RATIO AVG 10Y
105.48%
FCF PAYOUT RATIO AVG 15Y
44.46%
FCF PAYOUT RATIO AVG 20Y
36.96%
CURRENT VS TTM AVG
+22.70%
CURRENT VS 3Y AVG
+18.73%
CURRENT VS 5Y AVG
+43.05%
CURRENT VS 10Y AVG
-53.20%
CURRENT VS 15Y AVG
+11.04%
CURRENT VS 20Y AVG
+33.58%
Payout Ratio Comparison
FCF Payout Ratio
49.4%
Earnings Payout Ratio
47.9%
Dividend Yield
3.11%
FCF Yield
6.30%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.98B | $900.36M | 45.4% |
| 2024 | $2.16B | $757.79M | 35.1% |
| 2023 | $3.78B | $636.51M | 16.9% |
| 2022 | $769.87M | $531.24M | 69.0% |
| 2021 | ($125.52M) | $318.74M | N/A (Loss) |
| 2020 | $1.33B | $82.64M | 6.2% |
| 2019 | $1.18B | $484.02M | 41.0% |
| 2018 | $267.34M | $484.02M | 181.1% |
| 2017 | ($574.82M) | $484.02M | N/A (Loss) |
| 2016 | $100.30M | $507.63M | 506.1% |
| 2015 | $1.09B | $531.24M | 48.6% |
| 2014 | $902.46M | $531.24M | 58.9% |
| 2013 | $1.63B | $507.63M | 31.1% |
| 2012 | $1.08B | $448.60M | 41.6% |
| 2011 | $420.65M | $401.38M | 95.4% |
| 2010 | $23.50M | $401.38M | n/m |
| 2009 | $2.60B | $553.72M | 21.3% |
| 2008 | $1.02B | $535.80M | 52.4% |
| 2007 | $1.57B | $567.89M | 36.1% |
| 2006 | $1.37B | $204.23M | 14.9% |
| 2005 | $1.01B | $363.76M | 36.0% |
| 2004 | ($85.02M) | $135.08M | N/A (Loss) |
| 2003 | $113.01M | $129.07M | 114.2% |
| 2002 | $336.83M | $80.77M | 24.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Tenaris S.A. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tenaris S.A. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Tenaris S.A. (TS)?
- The FCF payout ratio for TS stock is 49.37%.
- Is Tenaris S.A.'s FCF payout ratio high or low?
- Tenaris S.A.'s FCF payout ratio of 49.37% is 43% above its 5-year average of 34.51%, around the middle of its 5-year range (6.23%–69.00%).
- What is the TTM average FCF payout ratio for Tenaris S.A. (TS)?
- The TTM average FCF payout ratio for TS stock is 40.24%.
- What is the 3Y average FCF payout ratio for Tenaris S.A. (TS)?
- The 3Y average FCF payout ratio for TS stock is 41.58%.
- What is the 5Y average FCF payout ratio for Tenaris S.A. (TS)?
- The 5Y average FCF payout ratio for TS stock is 34.51%.
- What is the 10Y average FCF payout ratio for Tenaris S.A. (TS)?
- The 10Y average FCF payout ratio for TS stock is 105.48%.
- What is the 15Y average FCF payout ratio for Tenaris S.A. (TS)?
- The 15Y average FCF payout ratio for TS stock is 44.46%.
- What is the 20Y average FCF payout ratio for Tenaris S.A. (TS)?
- The 20Y average FCF payout ratio for TS stock is 36.96%.
Tenaris S.A. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 45.42% |
| 2024-12-31 | 35.05% |
| 2023-12-31 | 16.86% |
| 2022-12-31 | 69.00% |
| 2020-12-31 | 6.23% |
| 2019-12-31 | 41.02% |
| 2018-12-31 | 181.05% |
| 2016-12-31 | 506.11% |
| 2015-12-31 | 48.58% |
| 2014-12-31 | 58.87% |
| 2013-12-31 | 31.05% |
| 2012-12-31 | 41.59% |
| 2011-12-31 | 95.42% |
| 2009-12-31 | 21.27% |
| 2008-12-31 | 52.44% |
| 2007-12-31 | 36.11% |
| 2006-12-31 | 14.91% |
| 2005-12-31 | 35.99% |
| 2003-12-31 | 114.21% |
| 2002-12-31 | 23.98% |
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