Tenaris (TS) Financials

$32.62 +0.05 (+0.15%)

Closing price 03:59 PM Eastern

Extended Trading

$33.60 +0.98 (+3.02%)

As of 06:10 PM Eastern

Annual Income Statements for Tenaris

This table shows Tenaris' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,036	3,918	2,553	1,100	-634	743	876	545	55	-80
Consolidated Net Income / (Loss)	2,077	3,958	2,549	1,053	-642	772	874	536	59	-74
Net Income / (Loss) Continuing Operations	2,077	3,958	2,549	1,053	-642	731	874	445	17	-94
Total Pre-Tax Income	2,556	4,633	3,166	1,243	-619	934	1,103	428	34	141
Total Operating Income	2,419	4,316	2,963	708	-663	832	872	335	-59	166
Total Gross Profit	4,388	6,200	4,675	1,910	1,059	2,187	2,379	1,603	1,128	2,155
Total Revenue	12,524	14,869	11,763	6,521	5,147	7,294	7,659	5,289	4,294	6,903
Operating Revenue	12,524	14,869	11,763	6,521	5,147	7,294	7,659	5,289	4,294	6,903
Total Cost of Revenue	8,135	8,669	7,088	4,612	4,087	5,107	5,279	3,685	3,166	4,748
Operating Cost of Revenue	8,135	8,669	7,088	4,612	4,087	5,107	5,279	3,685	3,166	4,748
Total Operating Expenses	1,970	1,884	1,712	1,202	1,722	1,400	1,507	1,269	1,187	1,990
Selling, General & Admin Expense	1,905	1,919	1,635	1,207	1,119	1,366	1,510	1,270	1,197	1,594
Other Operating Expenses / (Income)	65	-36	0.21	-62	-19	34	-2.50	-1.16	-9.96	396
Impairment Charge	0.00	0.00	77	57	622	-	0.00	-	-	-
Total Other Income / (Expense), net	138	316	203	535	44	188	231	93	93	-25
Other Income / (Expense), net	138	316	203	535	44	173	231	93	93	-25
Income Tax Expense	480	675	617	189	23	202	229	-17	17	234
Net Income / (Loss) Attributable to Noncontrolling Interest	-40	-40	4.58	47	8.00	11	2.16	8.35	-3.44	-5.74
Weighted Average Basic Shares Outstanding	1.24B	1.18B	1.18B	1.18B	1.18B	1.18M	1.18B	1.18B	1.18B	1.18B
Weighted Average Diluted Shares Outstanding	1.24B	1.18B	1.18B	1.18B	1.18B	1.18M	1.18B	1.18B	1.18B	1.18B
Weighted Average Basic & Diluted Shares Outstanding	1.13B	1.18B	1.18B	1.18B	1.18B	1.18M	1.18B	1.18B	1.18B	1.18B

No quarterly income statements for Tenaris are available.

This table details how cash moves in and out of Tenaris' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-930	584	825	-261	-947	1,134	109	-74	225	-94
Net Cash From Operating Activities	2,866	4,395	1,167	119	1,520	1,528	611	-22	864	2,215
Net Cash From Continuing Operating Activities	2,779	4,399	1,238	119	1,520	1,576	611	-22	864	2,215
Net Income / (Loss) Continuing Operations	2,077	3,958	2,549	1,053	-642	743	874	536	59	-74
Consolidated Net Income / (Loss)	2,077	3,958	2,549	1,053	-642	743	874	536	59	-74
Depreciation Expense	633	549	608	595	679	540	664	609	662	659
Non-Cash Adjustments To Reconcile Net Income	-192	-311	197	-465	442	283	-138	-297	-187	375
Changes in Operating Assets and Liabilities, net	262	204	-2,115	-1,064	1,042	11	-790	-870	329	1,255
Net Cash From Investing Activities	-1,397	-2,687	-164	268	-2,092	40	399	349	-98	-1,774
Net Cash From Continuing Investing Activities	-1,387	-2,687	-145	273	-2,091	967	399	349	-98	-1,774
Purchase of Property, Plant & Equipment	-694	-619	-378	-240	-193	350	-349	-558	-787	-1,132
Acquisitions	31	-266	-4.08	0.00	-1,025	133	0.00	-10	0.00	0.00
Purchase of Investments	-5.55	-3.75	0.00	-0.69	0.00	2.93	-15	-15	-117	-700
Sale of Property, Plant & Equipment	29	13	48	23	14	2.09	6.01	333	24	10
Sale and/or Maturity of Investments	-821	-1,788	189	466	-887	390	717	588	653	0.00
Other Investing Activities, net	74	-23	0.00	0.00	0.28	89	40	11	129	48
Net Cash From Financing Activities	-2,399	-1,125	-178	-648	-375	354	-900	-401	-653	-535
Net Cash From Continuing Financing Activities	-2,399	-1,125	-178	-648	-375	3,019	-900	-401	-653	-535
Repayment of Debt	-2,068	-1,983	-1,147	-1,170	-946	1,159	-1,432	-1,090	-1,296	-2,064
Repurchase of Common Equity	-1,440	-214	0.00	0.00	-	-	-	-	-	-
Payment of Dividends	-764	-655	-542	-322	-88	486	-488	-508	-537	-534
Issuance of Debt	1,871	1,724	1,512	844	658	1,333	1,019	1,197	1,181	2,064
Other Financing Activities, net	1.14	3.77	-1.41	0.00	0.00	42	-0.02	-0.05	-1.07	-1.07

No quarterly cash flow statements for Tenaris are available.

This table presents Tenaris' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2020	12/31/2018	12/31/2017	12/31/2016
Total Assets	20,450	21,082	17,550	14,449	13,716	13,716	14,251	14,398	14,003
Total Current Assets	9,236	10,504	8,469	4,981	4,288	4,288	5,464	5,381	4,817
Cash & Equivalents	675	1,638	1,092	318	585	585	428	330	400
Short-Term Investments	2,373	1,970	438	398	872	872	488	1,192	1,633
Accounts Receivable	2,087	2,662	2,678	1,395	1,046	1,046	1,893	1,350	1,079
Inventories, net	3,710	3,921	3,987	2,673	1,637	1,637	2,524	2,368	1,564
Current Deferred & Refundable Income Taxes	333	256	243	193	136	136	121	132	141
Other Current Assets	7.48	9.80	31	4.24	11	11	9.17	8.23	-
Plant, Property, & Equipment, net	6,121	6,078	5,556	5,825	6,193	6,193	6,064	6,229	6,002
Total Noncurrent Assets	5,092	4,499	3,525	3,636	3,235	3,235	2,723	2,788	3,033
Long-Term Investments	2,549	2,014	1,661	1,704	1,204	1,204	924	769	807
Noncurrent Note & Lease Receivables	206	186	212	206	154	154	152	183	197
Intangible Assets	1,358	1,377	1,333	1,372	1,429	1,429	1,466	1,661	1,863
Noncurrent Deferred & Refundable Income Taxes	831	790	209	246	206	206	182	154	145
Other Noncurrent Operating Assets	149	132	112	109	242	242	0.00	22	22
Total Liabilities & Shareholders' Equity	20,450	21,082	17,550	14,449	13,716	13,716	14,251	14,398	14,003
Total Liabilities	3,636	4,051	3,516	2,344	2,270	2,270	2,376	2,817	2,590
Total Current Liabilities	2,637	2,902	2,788	1,560	1,166	1,166	1,718	2,071	1,713
Short-Term Debt	426	535	682	220	303	303	510	931	809
Accounts Payable	880	1,108	1,179	845	462	462	694	751	557
Current Deferred Revenue	206	264	243	92	49	49	63	57	40
Current Deferred & Payable Income Tax Liabilities	366	488	376	143	91	91	250	102	101
Other Current Liabilities	758	507	307	259	262	262	202	230	207
Total Noncurrent Liabilities	1,000	1,149	727	784	1,103	1,103	657	746	859
Long-Term Debt	11	48	46	111	316	316	29	35	32
Capital Lease Obligations	100	97	84	83	214	214	0.00	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	504	632	269	275	255	255	379	458	551
Other Noncurrent Operating Liabilities	384	373	328	315	319	319	249	254	277
Total Equity & Noncontrolling Interests	16,814	17,030	14,034	12,106	1,181	11,446	11,875	11,581	11,413
Total Preferred & Common Equity	16,593	16,843	13,906	11,961	11,263	11,263	11,783	11,482	11,287
Total Common Equity	16,593	16,843	13,906	11,961	11,263	11,263	11,783	11,482	11,287
Other Equity Adjustments	16,593	16,843	13,906	11,961	11,263	11,263	-	11,482	11,287
Noncontrolling Interest	221	187	129	145	184	184	93	99	126

No quarterly balance sheets for Tenaris are available.

This table displays calculated financial ratios and metrics derived from Tenaris' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.77%	26.41%	80.37%	26.71%	-29.44%	-4.76%	44.82%	23.17%	-37.80%	0.00%
EBITDA Growth	-38.45%	37.30%	105.37%	2,986.19%	-96.15%	-12.57%	70.55%	48.72%	-12.85%	0.00%
EBIT Growth	-44.82%	46.33%	154.75%	300.68%	-161.57%	-8.82%	157.91%	1,142.26%	-75.55%	0.00%
NOPAT Growth	-46.71%	54.58%	297.82%	229.19%	-171.20%	-5.61%	98.47%	1,270.81%	73.01%	0.00%
Net Income Growth	-47.53%	55.29%	141.97%	263.96%	-183.21%	-11.66%	62.92%	813.17%	178.92%	0.00%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.90%	1,300.00%	140.00%	0.00%
Operating Cash Flow Growth	-34.79%	276.54%	880.24%	-92.17%	-0.49%	150.15%	2,873.22%	-102.55%	-61.01%	0.00%
Free Cash Flow Firm Growth	-30.27%	302.00%	556.49%	126.96%	-128.85%	332.89%	159.24%	93.26%	0.00%	0.00%
Invested Capital Growth	-2.80%	3.30%	15.50%	4.93%	0.00%	-9.05%	3.11%	10.51%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.04%	41.70%	39.74%	29.28%	20.58%	29.98%	31.07%	30.32%	26.27%	31.22%
EBITDA Margin	25.47%	34.85%	32.08%	28.18%	1.16%	21.19%	23.08%	19.60%	16.23%	11.58%
Operating Margin	19.31%	29.03%	25.19%	10.85%	-12.88%	11.41%	11.38%	6.33%	-1.38%	2.40%
EBIT Margin	20.41%	31.16%	26.92%	19.06%	-12.03%	13.79%	14.40%	8.09%	0.80%	2.04%
Profit (Net Income) Margin	16.58%	26.62%	21.67%	16.15%	-12.48%	10.58%	11.41%	10.14%	1.37%	-1.08%
Tax Burden Percent	81.24%	85.43%	80.50%	84.76%	103.74%	82.68%	79.22%	125.41%	170.60%	-52.85%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	92.83%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.76%	14.57%	19.50%	15.24%	0.00%	21.68%	20.78%	-4.01%	49.67%	166.43%
Return on Invested Capital (ROIC)	16.55%	31.12%	21.94%	6.08%	-4.83%	6.46%	6.63%	3.56%	-0.64%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	14.34%	23.78%	14.51%	20.21%	-10.22%	-1.22%	-7.32%	-7.33%	-8.94%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-4.28%	-5.64%	-2.44%	9.77%	-5.35%	0.16%	0.82%	1.10%	1.67%	0.00%
Return on Equity (ROE)	12.27%	25.48%	19.50%	15.86%	-10.18%	6.62%	7.45%	4.67%	1.03%	0.00%
Cash Return on Invested Capital (CROIC)	19.40%	27.87%	7.55%	1.27%	-4.83%	15.94%	3.57%	-6.42%	-200.64%	0.00%
Operating Return on Assets (OROA)	12.31%	23.98%	19.79%	8.82%	-4.51%	7.19%	7.70%	3.01%	0.25%	0.00%
Return on Assets (ROA)	10.00%	20.49%	15.93%	7.48%	-4.68%	5.52%	6.10%	3.78%	0.42%	0.00%
Return on Common Equity (ROCE)	12.12%	25.22%	19.30%	27.71%	-18.15%	6.54%	7.39%	4.62%	1.02%	0.00%
Return on Equity Simple (ROE_SIMPLE)	12.52%	23.50%	18.33%	8.81%	-5.70%	6.85%	7.42%	4.67%	0.52%	0.00%
Net Operating Profit after Tax (NOPAT)	1,965	3,688	2,386	600	-464	652	691	348	-30	-110
NOPAT Margin	15.69%	24.80%	20.28%	9.20%	-9.02%	8.94%	9.02%	6.58%	-0.69%	-1.60%
Net Nonoperating Expense Percent (NNEP)	2.21%	7.34%	7.43%	-14.12%	5.40%	7.68%	13.95%	10.90%	8.30%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	11.32%	20.82%	16.07%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	64.96%	58.30%	60.26%	70.72%	79.42%	70.02%	68.93%	69.68%	73.73%	68.78%
SG&A Expenses to Revenue	15.21%	12.91%	13.90%	18.50%	21.75%	18.73%	19.72%	24.01%	27.88%	23.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.73%	12.67%	14.55%	18.43%	33.47%	19.20%	19.68%	23.99%	27.65%	28.82%
Earnings before Interest and Taxes (EBIT)	2,556	4,633	3,166	1,243	-619	1,006	1,103	428	34	141
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,189	5,181	3,774	1,837	60	1,545	1,767	1,036	697	800
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.36	1.17	1.38	0.96	0.76	1.03	0.90	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.48	1.28	1.53	1.09	0.88	1.18	1.03	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.80	1.33	1.64	1.77	1.67	1.59	1.38	0.00	0.00	0.00
Price to Earnings (P/E)	11.07	5.04	7.54	10.49	0.00	15.65	12.10	0.00	0.00	0.00
Dividend Yield	3.55%	3.23%	2.76%	2.76%	4.80%	4.16%	4.57%	3.20%	3.01%	4.87%
Earnings Yield	9.03%	19.83%	13.26%	9.53%	0.00%	6.39%	8.27%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.25	1.46	0.96	0.72	1.04	0.89	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.41	1.01	1.45	1.48	1.35	1.37	1.23	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.55	2.90	4.51	5.27	116.97	6.46	5.31	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	6.93	3.24	5.37	7.79	0.00	9.92	8.51	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.01	4.07	7.13	16.14	0.00	15.31	13.60	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.18	3.41	14.57	81.27	4.58	6.53	15.37	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	7.69	4.54	20.70	77.34	0.00	6.20	25.27	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.04	0.06	0.03	0.71	0.07	0.05	0.08	0.07	0.00
Long-Term Debt to Equity	0.01	0.01	0.01	0.02	0.45	0.05	0.00	0.00	0.00	0.00
Financial Leverage	-0.30	-0.24	-0.17	0.48	0.52	-0.13	-0.11	-0.15	-0.19	0.00
Leverage Ratio	1.23	1.24	1.22	2.12	2.17	1.20	1.22	1.24	1.23	0.00
Compound Leverage Factor	1.23	1.24	1.22	2.12	2.17	1.11	1.22	1.24	1.23	0.00
Debt to Total Capital	3.10%	3.84%	5.47%	3.30%	41.37%	6.78%	4.34%	7.70%	6.86%	0.00%
Short-Term Debt to Total Capital	2.46%	3.02%	4.60%	1.75%	15.06%	2.47%	4.11%	7.42%	6.60%	0.00%
Long-Term Debt to Total Capital	0.64%	0.82%	0.88%	1.55%	26.30%	4.31%	0.24%	0.28%	0.26%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.27%	1.06%	0.87%	1.16%	9.12%	1.50%	0.75%	0.79%	1.03%	0.00%
Common Equity to Total Capital	95.63%	95.10%	93.66%	95.54%	559.40%	91.72%	94.91%	91.51%	92.12%	0.00%
Debt to EBITDA	0.17	0.13	0.22	0.23	13.99	0.54	0.31	0.93	1.21	0.00
Net Debt to EBITDA	-1.59	-0.95	-0.63	-1.09	-30.72	-1.18	-0.74	-1.28	-2.87	0.00
Long-Term Debt to EBITDA	0.04	0.03	0.03	0.11	8.89	0.34	0.02	0.03	0.05	0.00
Debt to NOPAT	0.27	0.18	0.34	0.69	-1.79	1.28	0.78	2.78	-28.27	0.00
Net Debt to NOPAT	-2.57	-1.34	-1.00	-3.35	3.94	-2.81	-1.88	-3.81	67.27	0.00
Long-Term Debt to NOPAT	0.06	0.04	0.05	0.32	-1.14	0.81	0.04	0.10	-1.06	0.00
Altman Z-Score	5.13	4.79	4.94	3.97	2.78	4.12	3.79	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	1.21%	1.02%	1.05%	-74.79%	-78.39%	1.18%	0.82%	0.98%	1.10%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.50	3.62	3.04	3.19	3.68	3.68	3.18	2.60	2.81	0.00
Quick Ratio	1.95	2.16	1.51	1.35	2.15	2.15	1.63	1.39	1.82	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,303	3,302	822	125	-464	1,609	372	-627	-9,310	0.00
Operating Cash Flow to CapEx	431.01%	724.59%	353.72%	54.93%	849.72%	0.00%	177.84%	-9.78%	113.14%	197.52%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.77	0.74	0.46	0.38	0.52	0.53	0.37	0.31	0.00
Accounts Receivable Turnover	5.27	5.57	5.78	5.34	4.92	4.96	4.72	4.35	3.98	0.00
Inventory Turnover	2.13	2.19	2.13	2.14	2.50	2.45	2.16	1.87	2.02	0.00
Fixed Asset Turnover	2.05	2.56	2.07	1.09	0.83	1.19	1.25	0.86	0.72	0.00
Accounts Payable Turnover	8.19	7.58	7.00	7.05	8.85	8.84	7.31	5.64	5.69	0.00
Days Sales Outstanding (DSO)	69.21	65.54	63.20	68.32	74.18	73.54	77.28	83.83	91.76	0.00
Days Inventory Outstanding (DIO)	171.18	166.48	171.47	170.54	146.16	148.68	169.13	194.74	180.31	0.00
Days Payable Outstanding (DPO)	44.59	48.15	52.13	51.74	41.27	41.30	49.93	64.76	64.20	0.00
Cash Conversion Cycle (CCC)	195.80	183.88	182.54	187.12	179.07	180.92	196.48	213.81	207.87	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,704	12,041	11,656	10,092	9,618	9,618	10,575	10,256	9,280	0.00
Invested Capital Turnover	1.05	1.25	1.08	0.66	0.54	0.72	0.74	0.54	0.93	0.00
Increase / (Decrease) in Invested Capital	-338	385	1,564	475	0.00	-957	319	975	9,280	0.00
Enterprise Value (EV)	17,706	15,007	17,006	9,678	6,964	9,980	9,391	0.00	0.00	0.00
Market Capitalization	22,545	19,761	19,255	11,539	8,610	11,625	10,599	0.00	0.00	0.00
Book Value per Share	$13.91	$14.27	$11.78	$10.13	$9.54	$9.54	$9.98	$9.73	$9.56	$0.00
Tangible Book Value per Share	$12.77	$13.10	$10.65	$8.97	$8.33	$8.33	$8.74	$8.32	$7.98	$0.00
Total Capital	17,352	17,710	14,847	12,519	2,013	12,279	12,414	12,547	12,253	0.00
Total Debt	538	680	812	414	833	833	539	966	840	0.00
Total Long-Term Debt	112	145	130	194	530	530	29	35	32	0.00
Net Debt	-5,059	-4,942	-2,378	-2,006	-1,829	-1,829	-1,301	-1,325	-1,999	0.00
Capital Expenditures (CapEx)	665	607	330	217	179	-352	343	225	763	1,121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,977	4,530	4,833	2,925	1,967	1,967	3,340	2,719	1,880	0.00
Debt-free Net Working Capital (DFNWC)	7,026	8,138	6,363	3,641	3,424	3,424	4,256	4,241	3,913	0.00
Net Working Capital (NWC)	6,600	7,602	5,680	3,422	3,121	3,121	3,746	3,310	3,104	0.00
Net Nonoperating Expense (NNE)	-112	-270	-163	-454	178	-120	-183	-188	-88	-36
Net Nonoperating Obligations (NNO)	-5,110	-4,989	-2,378	-2,013	8,437	-1,829	-1,301	-1,325	-2,133	0.00
Total Depreciation and Amortization (D&A)	633	549	608	595	679	540	664	609	662	659
Debt-free, Cash-free Net Working Capital to Revenue	31.76%	30.47%	41.08%	44.85%	38.22%	26.97%	43.61%	51.41%	43.78%	0.00%
Debt-free Net Working Capital to Revenue	56.10%	54.73%	54.09%	55.83%	66.54%	46.95%	55.57%	80.20%	91.13%	0.00%
Net Working Capital to Revenue	52.70%	51.13%	48.29%	52.47%	60.64%	42.79%	48.91%	62.59%	72.30%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$4.33	$0.00	$0.00	$0.00	$2.96	$1.69	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	1.24B	1.19B	1.18B	0.00	0.00	0.00	1.18B	1.18B	0.00	0.00
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.16	$0.00	$0.00	$0.00	$1.48	$0.84	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.24B	1.19B	1.18B	0.00	0.00	0.00	1.18B	1.18B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$2.16	$0.00	$0.00	$0.00	$1.48	$0.84	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.13B	1.18B	1.18B	0.00	0.00	0.00	1.18B	1.18B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,965	3,688	2,447	648	-28	652	691	234	-30	116
Normalized NOPAT Margin	15.69%	24.80%	20.81%	9.94%	-0.55%	8.94%	9.02%	4.43%	-0.69%	1.68%
Pre Tax Income Margin	20.41%	31.16%	26.92%	19.06%	-12.03%	12.80%	14.40%	8.09%	0.80%	2.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.77%	16.56%	21.25%	30.58%	-13.69%	-62.94%	55.79%	94.71%	913.74%	-717.76%
Augmented Payout Ratio	106.09%	21.96%	21.25%	30.58%	-13.69%	-62.94%	55.79%	94.71%	913.74%	-717.76%

No quarterly metrics and ratios for Tenaris are available.

Frequently Asked Questions About Tenaris' Financials

When does Tenaris's financial year end?

According to the most recent income statement we have on file, Tenaris' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tenaris' net income changed over the last 9 years?

Tenaris' net income appears to be on an upward trend, with a most recent value of $2.08 billion in 2024, falling from -$74.43 million in 2015. The previous period was $3.96 billion in 2023. See where experts think Tenaris is headed by visiting Tenaris' forecast page.

What is Tenaris's operating income?

Tenaris's total operating income in 2024 was $2.42 billion, based on the following breakdown:

Total Gross Profit: $4.39 billion
Total Operating Expenses: $1.97 billion

How has Tenaris revenue changed over the last 9 years?

Over the last 9 years, Tenaris' total revenue changed from $6.90 billion in 2015 to $12.52 billion in 2024, a change of 81.4%.

How much debt does Tenaris have?

Tenaris' total liabilities were at $3.64 billion at the end of 2024, a 10.2% decrease from 2023, and a 40.4% increase since 2016.

How much cash does Tenaris have?

In the past 8 years, Tenaris' cash and equivalents has ranged from $318.13 million in 2021 to $1.64 billion in 2023, and is currently $675.26 million as of their latest financial filing in 2024.

How has Tenaris' book value per share changed over the last 9 years?

Over the last 9 years, Tenaris' book value per share changed from 0.00 in 2015 to 13.91 in 2024, a change of 1,390.7%.

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This page (NYSE:TS) was last updated on 5/27/2025 by MarketBeat.com Staff

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Tenaris (TS) Financials

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Tenaris (TS) Financials

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