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Tenaris (TS) Financials

Tenaris logo
$61.79 +0.02 (+0.03%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$62.09 +0.30 (+0.49%)
As of 07:27 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Tenaris

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -80 55 545 876 743 -634 1,100 2,553 3,918 2,036 1,933
Consolidated Net Income / (Loss)		 -74 59 536 874 772 -642 1,053 2,549 3,958 2,077 1,973
Net Income / (Loss) Continuing Operations		 -94 17 445 874 731 -642 1,053 2,549 3,958 2,077 1,973
Total Pre-Tax Income 		141 34 428 1,103 934 -619 1,243 3,166 4,633 2,556 2,474
Total Operating Income		 166 -59 335 872 832 -663 708 2,963 4,316 2,419 2,283
Total Gross Profit		 2,155 1,128 1,603 2,379 2,187 1,059 1,910 4,675 6,200 4,388 4,120
Total Revenue		 6,903 4,294 5,289 7,659 7,294 5,147 6,521 11,763 14,869 12,524 11,981
Operating Revenue		 6,903 4,294 5,289 7,659 7,294 5,147 6,521 11,763 14,869 12,524 11,981
Total Cost of Revenue		 4,748 3,166 3,685 5,279 5,107 4,087 4,612 7,088 8,669 8,135 7,861
Operating Cost of Revenue		 4,748 3,166 3,685 5,279 5,107 4,087 4,612 7,088 8,669 8,135 7,861
Total Operating Expenses		 1,990 1,187 1,269 1,507 1,400 1,722 1,202 1,712 1,884 1,970 1,837
Selling, General & Admin Expense		 1,594 1,197 1,270 1,510 1,366 1,119 1,207 1,635 1,919 1,905 1,828
Other Operating Expenses / (Income)		 396 -9.96 -1.16 -2.50 34 -19 -62 0.21 -36 65 8.70
Total Other Income / (Expense), net		 -25 93 93 231 188 44 535 203 316 138 191
Other Income / (Expense), net		 -25 93 93 231 173 44 535 203 316 138 191
Income Tax Expense		 234 17 -17 229 202 23 189 617 675 480 501
Net Income / (Loss) Attributable to Noncontrolling Interest		 -5.74 -3.44 8.35 2.16 11 8.00 47 4.58 -40 -40 -40
Weighted Average Basic Shares Outstanding		 1.18B 1.18B 1.18B 1.18B 1.18M 1.18B 1.18B 1.18B 1.18B 1.13B 1.13B
Weighted Average Diluted Shares Outstanding		 1.18B 1.18B 1.18B 1.18B 1.18M 1.18B 1.18B 1.18B 1.18B 1.13B 1.13B
Weighted Average Basic & Diluted Shares Outstanding		 1.18B 1.18B 1.18B 1.18B 1.18M 1.18B 1.18B 1.18B 1.18B 1.13B 1.06B

Quarterly Income Statements for Tenaris

No quarterly income statements for Tenaris are available.

Annual Cash Flow Statements for Tenaris

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -94 225 -74 109 1,134 -947 -261 825 584 -930 -71
Net Cash From Operating Activities		 2,215 864 -22 611 1,528 1,520 119 1,167 4,395 2,866 2,600
Net Cash From Continuing Operating Activities		 2,215 864 -22 611 1,576 1,520 119 1,238 4,399 2,779 2,574
Net Income / (Loss) Continuing Operations		 -74 59 536 874 743 -642 1,053 2,549 3,958 2,077 1,973
Consolidated Net Income / (Loss)		 -74 59 536 874 743 -642 1,053 2,549 3,958 2,077 1,973
Depreciation Expense		 659 662 609 664 540 679 595 608 549 633 616
Non-Cash Adjustments To Reconcile Net Income		 375 -187 -297 -138 283 442 -465 197 -311 -192 -58
Changes in Operating Assets and Liabilities, net		 1,255 329 -870 -790 11 1,042 -1,064 -2,115 204 262 42
Net Cash From Investing Activities		 -1,774 -98 349 399 40 -2,092 268 -164 -2,687 -1,397 -193
Net Cash From Continuing Investing Activities		 -1,774 -98 349 399 967 -2,091 273 -145 -2,687 -1,387 -199
Purchase of Property, Plant & Equipment		 -1,132 -787 -558 -349 350 -193 -240 -378 -619 -694 -617
Acquisitions		 0.00 0.00 -10 0.00 133 -1,025 0.00 -4.08 -266 31 -18
Purchase of Investments		 -700 -117 -15 -15 2.93 0.00 -0.69 0.00 -3.75 -5.55 -1.36
Sale of Property, Plant & Equipment		 10 24 333 6.01 2.09 14 23 48 13 29 58
Divestitures		 - - - - 0.00 0.00 24 - 0.00 0.00 -1.85
Sale and/or Maturity of Investments		 0.00 653 588 717 390 -887 466 189 -1,788 -748 381
Other Investing Activities, net		 48 129 11 40 89 0.28 0.00 0.00 -23 0.00 0.00
Net Cash From Financing Activities		 -535 -653 -401 -900 354 -375 -648 -178 -1,125 -2,399 -2,478
Net Cash From Continuing Financing Activities		 -535 -653 -401 -900 3,019 -375 -648 -178 -1,125 -2,399 -2,478
Repayment of Debt		 -2,064 -1,296 -1,090 -1,432 1,159 -946 -1,170 -1,147 -1,983 -2,068 -840
Repurchase of Common Equity		 - - - - - - 0.00 0.00 -214 -1,440 -1,362
Payment of Dividends		 -534 -537 -508 -488 486 -88 -322 -542 -655 -764 -931
Issuance of Debt		 2,064 1,181 1,197 1,019 1,333 658 844 1,512 1,724 1,871 655
Other Financing Activities, net		 -1.07 -1.07 -0.05 -0.02 42 0.00 0.00 -1.41 3.77 1.14 0.00

Quarterly Cash Flow Statements for Tenaris

No quarterly cash flow statements for Tenaris are available.

Annual Balance Sheets for Tenaris

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 14,003 14,398 14,251 14,843 13,716 14,449 17,550 21,082 20,450 20,072
Total Current Assets		 4,817 5,381 5,464 5,671 4,288 4,981 8,469 10,504 9,236 9,073
Cash & Equivalents		 400 330 428 1,554 585 318 1,092 1,638 675 573
Short-Term Investments		 1,633 1,192 488 210 872 398 438 1,970 2,373 2,307
Accounts Receivable		 1,079 1,350 1,893 1,453 1,046 1,395 2,678 2,662 2,087 2,190
Inventories, net		 1,564 2,368 2,524 2,266 1,637 2,673 3,987 3,921 3,710 3,602
Current Deferred & Refundable Income Taxes		 141 132 121 167 136 193 243 256 333 365
Other Current Assets		 - 8.23 9.17 20 11 4.24 31 9.80 7.48 1.88
Plant, Property, & Equipment, net		 6,002 6,229 6,064 6,090 6,193 5,825 5,556 6,078 6,121 6,205
Total Noncurrent Assets		 3,033 2,788 2,723 3,082 3,235 3,636 3,525 4,499 5,092 4,794
Long-Term Investments		 807 769 924 905 1,204 1,704 1,661 2,014 2,549 2,319
Noncurrent Note & Lease Receivables		 197 183 152 157 154 206 212 186 206 139
Intangible Assets		 1,863 1,661 1,466 1,562 1,429 1,372 1,333 1,377 1,358 1,357
Noncurrent Deferred & Refundable Income Taxes		 145 154 182 226 206 246 209 790 831 834
Other Noncurrent Operating Assets		 22 22 0.00 233 242 109 112 132 149 145
Total Liabilities & Shareholders' Equity		 14,003 14,398 14,251 14,843 13,716 14,449 17,550 21,082 20,450 20,072
Total Liabilities		 2,590 2,817 2,376 2,657 2,270 2,344 3,516 4,051 3,636 3,243
Total Current Liabilities		 1,713 2,071 1,718 1,780 1,166 1,560 2,788 2,902 2,637 2,346
Short-Term Debt		 809 931 510 781 303 220 682 535 426 305
Accounts Payable		 557 751 694 556 462 845 1,179 1,108 880 873
Current Deferred Revenue		 40 57 63 83 49 92 243 264 206 169
Current Deferred & Payable Income Tax Liabilities		 101 102 250 128 91 143 376 488 366 387
Other Current Liabilities		 207 230 202 233 262 259 307 507 758 613
Total Noncurrent Liabilities		 859 746 657 876 1,103 784 727 1,149 1,000 897
Long-Term Debt		 32 35 29 41 316 111 46 48 11 0.37
Capital Lease Obligations		 - - 0.00 192 214 83 84 97 100 95
Noncurrent Deferred & Payable Income Tax Liabilities		 551 458 379 337 255 275 269 632 504 442
Other Noncurrent Operating Liabilities		 277 254 249 306 319 315 328 373 384 359
Total Equity & Noncontrolling Interests		 11,413 11,581 11,875 12,186 1,181 12,106 14,034 17,030 16,814 16,829
Total Preferred & Common Equity		 11,287 11,482 11,783 11,989 11,263 11,961 13,906 16,843 16,593 16,599
Total Common Equity		 11,287 11,482 11,783 11,989 11,263 11,961 13,906 16,843 16,593 16,599
Other Equity Adjustments		 11,287 11,482 - 11,989 11,263 11,961 13,906 16,843 16,593 16,599
Noncontrolling Interest		 126 99 93 197 184 145 129 187 221 230

Quarterly Balance Sheets for Tenaris

No quarterly balance sheets for Tenaris are available.

Annual Metrics And Ratios for Tenaris

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 1,132,165,902.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 1,132,165,902.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.71
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -37.80% 23.17% 44.82% -4.76% -29.44% 26.71% 80.37% 26.41% -15.77% -4.33%
EBITDA Growth		 0.00% -12.85% 48.72% 70.55% -12.57% -96.15% 2,986.19% 105.37% 37.30% -38.45% -3.11%
EBIT Growth		 0.00% -75.55% 1,142.26% 157.91% -8.82% -161.57% 300.68% 154.75% 46.33% -44.82% -3.23%
NOPAT Growth		 0.00% 73.01% 1,270.81% 98.47% -5.61% -171.20% 229.19% 297.82% 54.58% -46.71% -7.32%
Net Income Growth		 0.00% 178.92% 813.17% 62.92% -11.66% -183.21% 263.96% 141.97% 55.29% -47.53% -4.98%
EPS Growth		 0.00% 140.00% 1,300.00% -11.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% -61.01% -102.55% 2,873.22% 150.15% -0.49% -92.17% 880.24% 276.54% -34.79% -9.30%
Free Cash Flow Firm Growth		 0.00% 0.00% 93.26% 159.24% 332.89% -128.85% 126.96% 556.49% 302.00% -30.27% -33.60%
Invested Capital Growth		 0.00% 0.00% 10.51% 3.11% -9.05% 0.00% 4.93% 15.50% 3.30% -2.80% 2.50%
Revenue Q/Q Growth		 0.00% 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% 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% 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% 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% 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% 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% 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% 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% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 31.22% 26.27% 30.32% 31.07% 29.98% 20.58% 29.28% 39.74% 41.70% 35.04% 34.39%
EBITDA Margin		 11.58% 16.23% 19.60% 23.08% 21.19% 1.16% 28.18% 32.08% 34.85% 25.47% 25.79%
Operating Margin		 2.40% -1.38% 6.33% 11.38% 11.41% -12.88% 10.85% 25.19% 29.03% 19.31% 19.06%
EBIT Margin		 2.04% 0.80% 8.09% 14.40% 13.79% -12.03% 19.06% 26.92% 31.16% 20.41% 20.65%
Profit (Net Income) Margin		 -1.08% 1.37% 10.14% 11.41% 10.58% -12.48% 16.15% 21.67% 26.62% 16.58% 16.47%
Tax Burden Percent		 -52.85% 170.60% 125.41% 79.22% 82.68% 103.74% 84.76% 80.50% 85.43% 81.24% 79.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 92.83% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 166.43% 49.67% -4.01% 20.78% 21.68% 0.00% 15.24% 19.50% 14.57% 18.76% 20.24%
Return on Invested Capital (ROIC)		 0.00% -0.64% 3.56% 6.63% 6.46% -4.83% 6.08% 21.94% 31.12% 16.55% 15.37%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -8.94% -7.33% -7.32% -1.22% -10.22% 20.21% 14.51% 23.78% 14.34% 12.31%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 1.67% 1.10% 0.82% 0.16% -5.35% 9.77% -2.44% -5.64% -4.28% -3.64%
Return on Equity (ROE)		 0.00% 1.03% 4.67% 7.45% 6.62% -10.18% 15.86% 19.50% 25.48% 12.27% 11.73%
Cash Return on Invested Capital (CROIC)		 0.00% -200.64% -6.42% 3.57% 15.94% -4.83% 1.27% 7.55% 27.87% 19.40% 12.90%
Operating Return on Assets (OROA)		 0.00% 0.25% 3.01% 7.70% 7.19% -4.51% 8.82% 19.79% 23.98% 12.31% 12.21%
Return on Assets (ROA)		 0.00% 0.42% 3.78% 6.10% 5.52% -4.68% 7.48% 15.93% 20.49% 10.00% 9.74%
Return on Common Equity (ROCE)		 0.00% 1.02% 4.62% 7.39% 6.54% -18.15% 27.71% 19.30% 25.22% 12.12% 11.57%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.52% 4.67% 7.42% 6.85% -5.70% 8.81% 18.33% 23.50% 12.52% 0.00%
Net Operating Profit after Tax (NOPAT)		 -110 -30 348 691 652 -464 600 2,386 3,688 1,965 1,821
NOPAT Margin		 -1.60% -0.69% 6.58% 9.02% 8.94% -9.02% 9.20% 20.28% 24.80% 15.69% 15.20%
Net Nonoperating Expense Percent (NNEP)		 0.00% 8.30% 10.90% 13.95% 7.68% 5.40% -14.12% 7.43% 7.34% 2.21% 3.06%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 16.07% 20.82% 11.32% 10.57%
Cost of Revenue to Revenue		 68.78% 73.73% 69.68% 68.93% 70.02% 79.42% 70.72% 60.26% 58.30% 64.96% 65.61%
SG&A Expenses to Revenue		 23.09% 27.88% 24.01% 19.72% 18.73% 21.75% 18.50% 13.90% 12.91% 15.21% 15.26%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 28.82% 27.65% 23.99% 19.68% 19.20% 33.47% 18.43% 14.55% 12.67% 15.73% 15.33%
Earnings before Interest and Taxes (EBIT)		 141 34 428 1,103 1,006 -619 1,243 3,166 4,633 2,556 2,474
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 800 697 1,036 1,767 1,545 60 1,837 3,774 5,181 3,189 3,090
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.90 1.03 0.76 0.96 1.38 1.17 1.36 1.44
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.03 1.18 0.88 1.09 1.53 1.28 1.48 1.57
Price to Revenue (P/Rev)		 0.00 0.00 0.00 1.38 1.59 1.67 1.77 1.64 1.33 1.80 1.99
Price to Earnings (P/E)		 0.00 0.00 0.00 12.10 15.65 0.00 10.49 7.54 5.04 11.07 12.35
Dividend Yield		 4.87% 3.01% 3.20% 4.57% 4.16% 4.80% 2.76% 2.76% 3.23% 3.55% 4.42%
Earnings Yield		 0.00% 0.00% 0.00% 8.27% 6.39% 0.00% 9.53% 13.26% 19.83% 9.03% 8.10%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.89 1.04 0.72 0.96 1.46 1.25 1.51 1.61
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 1.23 1.37 1.35 1.48 1.45 1.01 1.41 1.61
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 5.31 6.46 116.97 5.27 4.51 2.90 5.55 6.24
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 8.51 9.92 0.00 7.79 5.37 3.24 6.93 7.80
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 13.60 15.31 0.00 16.14 7.13 4.07 9.01 10.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 15.37 6.53 4.58 81.27 14.57 3.41 6.18 7.42
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 25.27 6.20 0.00 77.34 20.70 4.54 7.69 12.62
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.07 0.08 0.05 0.07 0.71 0.03 0.06 0.04 0.03 0.02
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.05 0.45 0.02 0.01 0.01 0.01 0.01
Financial Leverage		 0.00 -0.19 -0.15 -0.11 -0.13 0.52 0.48 -0.17 -0.24 -0.30 -0.30
Leverage Ratio		 0.00 1.23 1.24 1.22 1.20 2.17 2.12 1.22 1.24 1.23 1.20
Compound Leverage Factor		 0.00 1.23 1.24 1.22 1.11 2.17 2.12 1.22 1.24 1.23 1.20
Debt to Total Capital		 0.00% 6.86% 7.70% 4.34% 6.78% 41.37% 3.30% 5.47% 3.84% 3.10% 2.33%
Short-Term Debt to Total Capital		 0.00% 6.60% 7.42% 4.11% 2.47% 15.06% 1.75% 4.60% 3.02% 2.46% 1.77%
Long-Term Debt to Total Capital		 0.00% 0.26% 0.28% 0.24% 4.31% 26.30% 1.55% 0.88% 0.82% 0.64% 0.55%
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% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 1.03% 0.79% 0.75% 1.50% 9.12% 1.16% 0.87% 1.06% 1.27% 1.33%
Common Equity to Total Capital		 0.00% 92.12% 91.51% 94.91% 91.72% 559.40% 95.54% 93.66% 95.10% 95.63% 96.34%
Debt to EBITDA		 0.00 1.21 0.93 0.31 0.54 13.99 0.23 0.22 0.13 0.17 0.13
Net Debt to EBITDA		 0.00 -2.87 -1.28 -0.74 -1.18 -30.72 -1.09 -0.63 -0.95 -1.59 -1.55
Long-Term Debt to EBITDA		 0.00 0.05 0.03 0.02 0.34 8.89 0.11 0.03 0.03 0.04 0.03
Debt to NOPAT		 0.00 -28.27 2.78 0.78 1.28 -1.79 0.69 0.34 0.18 0.27 0.22
Net Debt to NOPAT		 0.00 67.27 -3.81 -1.88 -2.81 3.94 -3.35 -1.00 -1.34 -2.57 -2.63
Long-Term Debt to NOPAT		 0.00 -1.06 0.10 0.04 0.81 -1.14 0.32 0.05 0.04 0.06 0.05
Altman Z-Score		 0.00 0.00 0.00 3.79 4.12 2.78 3.97 4.94 4.79 5.13 5.82
Noncontrolling Interest Sharing Ratio		 0.00% 1.10% 0.98% 0.82% 1.18% -78.39% -74.79% 1.05% 1.02% 1.21% 1.34%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 2.81 2.60 3.18 3.68 3.68 3.19 3.04 3.62 3.50 3.87
Quick Ratio		 0.00 1.82 1.39 1.63 2.15 2.15 1.35 1.51 2.16 1.95 2.16
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -9,310 -627 372 1,609 -464 125 822 3,302 2,303 1,529
Operating Cash Flow to CapEx		 197.52% 113.14% -9.78% 177.84% 0.00% 849.72% 54.93% 353.72% 724.59% 431.01% 465.20%
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 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 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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.31 0.37 0.53 0.52 0.38 0.46 0.74 0.77 0.60 0.59
Accounts Receivable Turnover		 0.00 3.98 4.35 4.72 4.96 4.92 5.34 5.78 5.57 5.27 5.60
Inventory Turnover		 0.00 2.02 1.87 2.16 2.45 2.50 2.14 2.13 2.19 2.13 2.15
Fixed Asset Turnover		 0.00 0.72 0.86 1.25 1.19 0.83 1.09 2.07 2.56 2.05 1.94
Accounts Payable Turnover		 0.00 5.69 5.64 7.31 8.84 8.85 7.05 7.00 7.58 8.19 8.97
Days Sales Outstanding (DSO)		 0.00 91.76 83.83 77.28 73.54 74.18 68.32 63.20 65.54 69.21 65.14
Days Inventory Outstanding (DIO)		 0.00 180.31 194.74 169.13 148.68 146.16 170.54 171.47 166.48 171.18 169.76
Days Payable Outstanding (DPO)		 0.00 64.20 64.76 49.93 41.30 41.27 51.74 52.13 48.15 44.59 40.70
Cash Conversion Cycle (CCC)		 0.00 207.87 213.81 196.48 180.92 179.07 187.12 182.54 183.88 195.80 194.20
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 9,280 10,256 10,575 9,618 9,618 10,092 11,656 12,041 11,704 11,996
Invested Capital Turnover		 0.00 0.93 0.54 0.74 0.72 0.54 0.66 1.08 1.25 1.05 1.01
Increase / (Decrease) in Invested Capital		 0.00 9,280 975 319 -957 0.00 475 1,564 385 -338 292
Enterprise Value (EV)		 0.00 0.00 0.00 9,391 9,980 6,964 9,678 17,006 15,007 17,706 19,295
Market Capitalization		 0.00 0.00 0.00 10,599 11,625 8,610 11,539 19,255 19,761 22,545 23,863
Book Value per Share		 $0.00 $9.56 $9.73 $9.98 $9.54 $9.54 $10.13 $11.78 $14.27 $13.91 $13.37
Tangible Book Value per Share		 $0.00 $7.98 $8.32 $8.74 $8.33 $8.33 $8.97 $10.65 $13.10 $12.77 $12.28
Total Capital		 0.00 12,253 12,547 12,414 12,279 2,013 12,519 14,847 17,710 17,352 17,230
Total Debt		 0.00 840 966 539 833 833 414 812 680 538 401
Total Long-Term Debt		 0.00 32 35 29 530 530 194 130 145 112 95
Net Debt		 0.00 -1,999 -1,325 -1,301 -1,829 -1,829 -2,006 -2,378 -4,942 -5,059 -4,798
Capital Expenditures (CapEx)		 1,121 763 225 343 -352 179 217 330 607 665 559
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 1,880 2,719 3,340 1,967 1,967 2,925 4,833 4,530 3,977 4,152
Debt-free Net Working Capital (DFNWC)		 0.00 3,913 4,241 4,256 3,424 3,424 3,641 6,363 8,138 7,026 7,032
Net Working Capital (NWC)		 0.00 3,104 3,310 3,746 3,121 3,121 3,422 5,680 7,602 6,600 6,726
Net Nonoperating Expense (NNE)		 -36 -88 -188 -183 -120 178 -454 -163 -270 -112 -152
Net Nonoperating Obligations (NNO)		 0.00 -2,133 -1,325 -1,301 -1,829 8,437 -2,013 -2,378 -4,989 -5,110 -4,833
Total Depreciation and Amortization (D&A)		 659 662 609 664 540 679 595 608 549 633 616
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 43.78% 51.41% 43.61% 26.97% 38.22% 44.85% 41.08% 30.47% 31.76% 34.66%
Debt-free Net Working Capital to Revenue		 0.00% 91.13% 80.20% 55.57% 46.95% 66.54% 55.83% 54.09% 54.73% 56.10% 58.69%
Net Working Capital to Revenue		 0.00% 72.30% 62.59% 48.91% 42.79% 60.64% 52.47% 48.29% 51.13% 52.70% 56.14%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.69 $2.96 $0.00 $0.00 $0.00 $4.33 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 1.18B 1.18B 0.00 0.00 0.00 1.18B 1.19B 1.24B 1.13B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.84 $1.48 $0.00 $0.00 $0.00 $2.16 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 1.18B 1.18B 0.00 0.00 0.00 1.18B 1.19B 1.24B 1.13B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.84 $1.48 $0.00 $0.00 $0.00 $2.16 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 1.18B 1.18B 0.00 0.00 0.00 1.18B 1.18B 1.13B 1.06B
Normalized Net Operating Profit after Tax (NOPAT)		 116 -30 234 691 652 -28 648 2,447 3,688 1,965 1,821
Normalized NOPAT Margin		 1.68% -0.69% 4.43% 9.02% 8.94% -0.55% 9.94% 20.81% 24.80% 15.69% 15.20%
Pre Tax Income Margin		 2.04% 0.80% 8.09% 14.40% 12.80% -12.03% 19.06% 26.92% 31.16% 20.41% 20.65%
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 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 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 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 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -717.76% 913.74% 94.71% 55.79% -62.94% -13.69% 30.58% 21.25% 16.56% 36.77% 47.20%
Augmented Payout Ratio		 -717.76% 913.74% 94.71% 55.79% -62.94% -13.69% 30.58% 21.25% 21.96% 106.09% 116.24%

Quarterly Metrics And Ratios for Tenaris

No quarterly metrics and ratios for Tenaris are available.


Financials Breakdown Chart

Tenaris Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tenaris' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Tenaris' net income appears to be on an upward trend, with a most recent value of $1.97 billion in 2025, falling from -$74.43 million in 2015. The previous period was $2.08 billion in 2024. View Tenaris' forecast to see where analysts expect Tenaris to go next.

Tenaris' total operating income in 2025 was $2.28 billion, based on the following breakdown:
  • Total Gross Profit: $4.12 billion
  • Total Operating Expenses: $1.84 billion

Over the last 10 years, Tenaris' total revenue changed from $6.90 billion in 2015 to $11.98 billion in 2025, a change of 73.6%.

Tenaris' total liabilities were at $3.24 billion at the end of 2025, a 10.8% decrease from 2024, and a 25.2% increase since 2016.

In the past 9 years, Tenaris' cash and equivalents has ranged from $318.13 million in 2021 to $1.64 billion in 2023, and is currently $572.65 million as of their latest financial filing in 2025.

Over the last 10 years, Tenaris' book value per share changed from 0.00 in 2015 to 13.37 in 2025, a change of 1,337.3%.


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Financial statements for NYSE:TS last updated on 4/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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