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
Follow TS
Alert me
Tenaris S.A. (TS) Operating margin
Tenaris S.A.'s operating margin over the twelve months to 30 June 2026 was 18.5%, down 0.6 percentage points from fiscal 2025 (19.1%). Over the past ten years it has ranged from −12.9% (fiscal 2020) to 29.0% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Oil & Gas Equipment & Services industry median of 7.44% and above the Energy sector median of 15.2%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 19.1% | (0.25) |
| FY2024 | 19.3% | (9.72) |
| FY2023 | 29.0% | 3.84 |
| FY2022 | 25.2% | 14.34 |
| FY2021 | 10.9% | 23.73 |
| FY2020 | −12.9% | (24.29) |
| FY2019 | 11.4% | 0.03 |
| FY2018 | 11.4% | 5.05 |
| FY2017 | 6.33% | 7.71 |
| FY2016 | −1.38% | (3.78) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 16.7% | (2.18) |
| Mar 2026 | 18.8% | 0.34 |
| Dec 2025 | 18.5% | (1.54) |
| Sep 2025 | 20.0% | 1.14 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| AROC Archrock, Inc. compare | 37.7% |
| WHD Cactus, Inc. compare | 18.8% |
| TS Tenaris S.A. | 18.5% |
| FTI TechnipFMC plc compare | 15.2% |
| BKR Baker Hughes Company compare | 13.4% |
| HAL Halliburton Company compare | 12.6% |
| WFRD Weatherford International PLC compare | 12.4% |
| SLB SLB Limited compare | 12.2% |
| NOV NOV Inc. compare | 5.46% |
| Oil & Gas Equipment & Services industry median | 7.44% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on TS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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