Tenaris SA (TS) stock

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

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

$60.94−0.27 (-0.44%)

Close on Nov 12, 2026Market cap $32.66BP/E –Yield –

Tenaris gross margin

Gross margin is gross profit as a percentage of revenue.

For fiscal 2025 it was 34.4%, against 35.0% the year before. The highest annual figure on record is 41.7% in fiscal 2023.

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	34.4%	−0.6
FY2024	Dec 31, 2024	35.0%	−6.7
FY2023	Dec 31, 2023	41.7%	+2.0
FY2022	Dec 31, 2022	39.7%	+10.5
FY2021	Dec 31, 2021	29.3%	+8.7
FY2020	Dec 31, 2020	20.6%	−9.4
FY2019	Dec 31, 2019	30.0%	−1.1
FY2018	Dec 31, 2018	31.1%	+0.7
FY2017	Dec 31, 2017	30.3%	+4.0
FY2016	Dec 31, 2016	26.3%	−5.0
FY2015	Dec 31, 2015	31.2%	–