TSNYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Also trades as TNRSF

TENARIS SA

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

$58.41−0.98 (-1.65%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

TENARIS SA income 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
Revenue	11,981	12,524	14,869	11,763	6,521	5,147	7,294	7,659	5,289	4,294	6,903
Cost of Revenue	7,861	8,135	8,669	7,088	4,612	4,087	5,107	5,279	3,685	3,166	4,748
Gross Profit	4,120	4,388	6,200	4,675	1,910	1,059	2,187	2,379	1,603	1,128	2,155
Research & Development	64	74	60	51	45	42	61	63	64	69	89
Selling, General & Admin	1,828	1,905	1,919	1,635	1,207	1,119	1,366	1,510	1,270	1,197	1,594
Operating Income	2,283	2,419	4,316	2,963	708	-663	832	872	335	-59	166
Interest Expense	47	61	107	46	24	27	43	37	27	22	23
Interest & Investment Income	252	242	213	80	38	18	48	40	48	66	35
Income from Equity Investments	58	8.55	95	209	513	109	82	194	116	72	-40
Asset Impairment Charges	–	–	–	–	–	–	–	–	–	–	400
Pretax Income	2,474	2,556	4,633	3,166	1,243	-619	934	1,103	428	34	141
Income Tax Expense	501	480	675	617	189	23	202	229	-17	17	234
Income from Continuing Operations	–	–	–	2,549	1,053	-642	731	874	445	17	-94
Income from Discontinued Operations	–	–	–	–	–	–	–	–	92	41	19
Net Income incl. Noncontrolling Interests	1,973	2,077	3,958	2,549	1,053	-642	731	874	536	59	-74
Minority Interest in Earnings	40	40	40	-4.58	-47	-8.00	-11	-2.16	-8.35	3.44	5.74
Net Income	1,933	2,036	3,918	2,553	1,100	-634	743	876	545	55	-80
EPS (Basic)(per share)	–	–	–	–	–	–	0.63	0.74	0.46	0.05	-0.07
EPS (Diluted)(per share)	–	–	–	–	–	–	0.63	0.74	0.46	0.05	-0.07
Shares Outstanding (Basic, Weighted)(shares)	1,056	1,127	1,179	1,181	1,181	1,181	1.18	1.18	1,181	1,181	1,181
Shares Outstanding (Diluted, Weighted)(shares)	1,056	1,127	1,179	1,181	1,181	1,181	1.18	1.18	1,181	1,181	1,181
EBITDA	2,899	3,052	4,865	3,571	1,302	16	1,372	1,536	943	603	825

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: –
Price to book: –
Dividend yield: –