Tenaris S.A. (TS) Gross Margin: 34.29%
Is Tenaris S.A.’s gross margin high or low?
Tenaris S.A.'s gross margin of 34.29% is in line with its 5-year average of 33.46%, around the middle of its 5-year range (20.58%–41.70%).
As of Friday, June 19, 2026. 1.22% below its 12-month average of 34.72%.
TS Gross Margin Chart
TS Average Gross Margin Chart
TS Current vs Average Gross Margin Chart
TS Gross Margin Metrics
GROSS MARGIN
34.29%
GROSS MARGIN AVG TTM
34.72%
GROSS MARGIN AVG 3Y
37.72%
GROSS MARGIN AVG 5Y
33.46%
GROSS MARGIN AVG 10Y
31.78%
GROSS MARGIN AVG 15Y
33.95%
GROSS MARGIN AVG 20Y
36.37%
CURRENT VS TTM AVG
-1.22%
CURRENT VS 3Y AVG
-9.09%
CURRENT VS 5Y AVG
+2.50%
CURRENT VS 10Y AVG
+7.90%
CURRENT VS 15Y AVG
+1.01%
CURRENT VS 20Y AVG
-5.71%
TS Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenaris S.A. (TS) | $30.70B | 34.29% | 34.72% | 37.72% | 33.46% |
| EQT Corporation (EQT)vs › | $31.74B | 64.05% | 31.77% | 37.13% | 38.84% |
| Venture Global, Inc. (VG)vs › | $26.91B | 44.58% | 57.82% | 64.86% | 51.88% |
| Cameco Corporation (CCJ)vs › | $46.38B | 29.79% | 30.32% | 25.84% | 20.67% |
| Antero Midstream Corporation (AM)vs › | $10.31B | 64.52% | 64.44% | 63.13% | 63.71% |
| Occidental Petroleum Corporation (OXY)vs › | $51.54B | 26.23% | 34.70% | 37.70% | 30.44% |
| ONEOK, Inc. (OKE)vs › | $53.57B | 23.95% | 22.40% | 22.74% | 22.07% |
| Enphase Energy, Inc. (ENPH)vs › | $6.89B | 44.23% | 46.97% | 45.48% | 44.46% |
| Weatherford International plc (WFRD)vs › | $6.59B | 45.89% | 28.16% | 30.12% | 28.30% |
| California Resources Corporation (CRC)vs › | $4.91B | 37.83% | 40.13% | 45.19% | 42.41% |
Gross Margin Analysis
Gross Margin
34.3%
(Revenue - COGS) / Revenue
Tenaris S.A. Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tenaris S.A. Gross Margin FAQ
- What is the gross margin for Tenaris S.A. (TS)?
- The gross margin for TS stock is 34.29%.
- Is Tenaris S.A.'s gross margin high or low?
- Tenaris S.A.'s gross margin of 34.29% is in line with its 5-year average of 33.46%, around the middle of its 5-year range (20.58%–41.70%).
- What is the TTM average gross margin for Tenaris S.A. (TS)?
- The TTM average gross margin for TS stock is 34.72%.
- What is the 3Y average gross margin for Tenaris S.A. (TS)?
- The 3Y average gross margin for TS stock is 37.72%.
- What is the 5Y average gross margin for Tenaris S.A. (TS)?
- The 5Y average gross margin for TS stock is 33.46%.
- What is the 10Y average gross margin for Tenaris S.A. (TS)?
- The 10Y average gross margin for TS stock is 31.78%.
- What is the 15Y average gross margin for Tenaris S.A. (TS)?
- The 15Y average gross margin for TS stock is 33.95%.
- What is the 20Y average gross margin for Tenaris S.A. (TS)?
- The 20Y average gross margin for TS stock is 36.37%.
Tenaris S.A. Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 34.39% |
| 2024-12-31 | 35.04% |
| 2023-12-31 | 41.70% |
| 2022-12-31 | 39.74% |
| 2021-12-31 | 29.28% |
| 2020-12-31 | 20.58% |
| 2019-12-31 | 29.98% |
| 2018-12-31 | 31.07% |
| 2017-12-31 | 30.32% |
| 2016-12-31 | 26.27% |
| 2015-12-31 | 31.20% |
| 2014-12-31 | 39.18% |
| 2013-12-31 | 39.07% |
| 2012-12-31 | 38.74% |
| 2011-12-31 | 37.53% |
| 2010-12-31 | 39.04% |
| 2009-12-31 | 40.30% |
| 2008-12-31 | 43.96% |
| 2007-12-31 | 45.07% |
| 2006-12-31 | 49.74% |
| 2005-12-31 | 41.47% |
| 2004-12-31 | 32.86% |
| 2003-12-31 | 30.56% |
| 2002-12-31 | 32.64% |
| 2001-12-31 | 31.78% |
Related Metrics
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