Tenaris SA (TNRSF) cash flow statement

TNRSFOTCSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Also trades as TS

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 31, 2026Score 8/30

$28.12+0.00 (0.00%)

Close on Oct 19, 2026Market cap $30.86BP/E –Yield –

Tenaris SA cash flow statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Depreciation & Amortization	616	633	549	608	595	679	540	664	609	662	659
Change in Inventory	152	185	187	-1,330	-1,085	819	311	-176	-804	245	936
Operating Cash Flow	2,600	2,866	4,395	1,167	119	1,520	1,528	611	-22	864	2,215
Acquisitions	-18	31	-266	-4.08	–	-1,025	-133	–	-10	–	–
Investing Cash Flow	-193	-1,397	-2,687	-164	268	-2,092	-40	399	349	-98	-1,774
Dividends Paid	-900	-758	-637	-531	-319	-83	-484	-484	-484	-508	-531
Share Repurchases	-1,362	-1,440	-214	–	–	–	–	–	–	–	–
Debt Issued	655	1,871	1,724	1,512	844	658	1,333	1,019	1,197	1,181	2,064
Debt Repaid	-773	-1,999	-1,932	-1,094	-1,121	-897	-1,159	-1,432	-1,090	-1,296	-2,064
Financing Cash Flow	-2,478	-2,399	-1,125	-178	-648	-375	-354	-900	-401	-653	-535
Foreign Exchange Rate Adjustments	17	25	58	52	5.53	22	6.23	13	-5.83	0.21	37
Net Change in Cash	–	–	–	–	-261	-947	1,134	109	-74	113	-94
Income Taxes Paid	532	702	818	360	154	140	396	171	177	170	336

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 34.4%
Operating margin: 19.1%
Net margin: 16.1%
Return on equity, FY2025: 11.6%

Financial strength

Current ratio: 3.87
Debt to equity: 0.02
Debt to assets: 1.5%
Cash to current liabilities: 24.4%

Valuation

P/E ratio: –
Price to sales: 2.58
Price to book: 1.86
Dividend yield: –

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