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
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Tenaris S.A. (TS) 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 | Free account |
Against its own ten years
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
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement