Tenaris S.A.

TS Energy Oil & Gas Equipment & Services

Tenaris S.A.’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, down 4.33% from fiscal 2024.

Revenue
−3.86%
EPS
−4.04%
Free cash flow
−33.3%
Total debt
−6.90%

Quarter to June 2026, against a year earlier

56.62 0.70 +1.25%
Market cap
$28.5B
P/E
15.1×
Fwd P/E
—
Dividend yield
1.02%
F-score
6/9
Altman Z
6.38
Beneish M
−2.55
Dividend safety
69/100

Tenaris S.A. (TS) Gross margin

Alert me on Gross margin

Tenaris S.A.'s gross margin over the twelve months to 30 June 2026 was 33.9%, down 0.5 percentage points from fiscal 2025 (34.4%). Over the past ten years it has ranged from 20.6% (fiscal 2020) to 41.7% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Oil & Gas Equipment & Services industry median of 22.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 34.4% (0.65)
FY2024 35.0% (6.66)
FY2023 41.7% 1.96
FY2022 39.7% 10.46
FY2021 29.3% 8.70
FY2020 20.6% (9.40)
FY2019 30.0% (1.09)
FY2018 31.1% 0.75
FY2017 30.3% 4.05
FY2016 26.3% (4.95)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 33.2% (0.68)
Mar 2026 33.9% (0.02)
Dec 2025 33.9% (0.76)
Sep 2025 34.7% (0.09)
42 more quarters

Against its own ten years

Low 20.6% High 41.7%
Ten-year median 31.1%
Current reading's percentile 64

Gross margin against peers

Company Gross margin
AROC Archrock, Inc. compare 67.5%
TS Tenaris S.A. 33.9%
WHD Cactus, Inc. compare 33.5%
WFRD Weatherford International PLC compare 30.8%
FTI TechnipFMC plc compare 23.6%
BKR Baker Hughes Company compare 23.5%
NOV NOV Inc. compare 20.7%
SLB SLB Limited compare 16.3%
HAL Halliburton Company compare 14.9%
Oil & Gas Equipment & Services industry median 22.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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