Tenaris

US · TS #718 by market cap Listed 1970

55.58 -1.29 -2.27%

Live - 5344 symbols - heartbeat 75s ago · 2026-10-08 04:24

Pre-market 55.94 +0.65%

After-hours 55.58 0.00%

Overnight 55.70 +0.22%

Market cap: 28.06B
P/E (TTM): 14.86
P/B: 1.65
EPS: 3.66
Div yield: 3.20%
52W pos: 72%

Reader sentiment Are you bullish or bearish on TS?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 7.81, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year -4.33% YoY

Margins

Gross margin: 34.39%
Operating margin: 19.14%
Net margin: 16.13%

Key ratios & quality

Enterprise value: 25.53B
Altman Z-Score: 7.81

Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	7.66B	7.29B	5.15B	6.52B	11.76B	14.87B	12.52B	11.98B
Gross profit	2.38B	2.19B	1.06B	1.91B	4.67B	6.20B	4.39B	4.12B
Selling & admin expenses	1.19B	1.17B	912.56M	1.00B	1.40B	1.62B	1.62B	1.59B
Research & development	--	--	--	--	--	--	--	--
Operating profit	866.90M	827.30M	-46.17M	759.27M	3.04B	4.27B	2.52B	2.29B
Pretax profit	1.10B	933.71M	-619.27M	1.24B	3.17B	4.63B	2.56B	2.47B
Tax	229.21M	202.45M	23.15M	189.45M	617.24M	674.96M	479.68M	500.62M
Net profit	873.90M	731.26M	-642.42M	1.05B	2.55B	3.96B	2.08B	1.97B
Basic EPS	1	1	-1	2	4	7	4	4
Diluted EPS	1.48	1.26	-1.08	1.86	4.32	6.64	3.62	3.66

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	2.92B	3.09B	2.98B	3.00B	3.10B	2.97B
Gross profit	1.00B	1.07B	1.03B	1.02B	1.05B	984.66M
Selling & admin expenses	403.35M	483.63M	434.97M	210.35M	403.39M	484.11M
Research & development	--	--	--	--	--	--
Operating profit	557.47M	582.73M	596.63M	564.16M	587.05M	494.00M
Pretax profit	599.21M	647.05M	624.34M	603.30M	667.64M	574.07M
Tax	81.34M	105.34M	171.70M	142.23M	103.48M	81.94M
Net profit	517.86M	541.71M	452.65M	461.06M	564.16M	492.14M
Basic EPS	1	1	1	1	1	1
Diluted EPS	0.94	1.00	0.86	0.89	1.08	0.94

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	5.46B	5.67B	4.29B	4.98B	8.47B	10.50B	9.24B	9.07B
Cash & ST investments	916.10M	1.76B	1.46B	715.98M	1.53B	3.61B	3.05B	2.88B
Inventory	2.52B	2.27B	1.64B	2.67B	3.99B	3.92B	3.71B	3.60B
Total assets	14.25B	14.84B	13.72B	14.45B	17.55B	21.08B	20.45B	20.07B
Total current liabilities	1.72B	1.78B	1.17B	1.56B	2.79B	2.90B	2.64B	2.35B
Short-term debt	509.82M	819.12M	346.76M	254.09M	710.89M	572.97M	470.49M	353.70M
Long-term debt	29.19M	40.88M	315.74M	111.43M	46.43M	48.30M	11.40M	368.00K
Total liabilities	2,375,807,000.00	2,656,619,000.00	2,269,716,000.00	2,343,729,000.00	3,515,809,000.00	4,051,458,000.00	3,636,290,000.00	3,243,245,000.00
Total equity	11.88B	12.19B	11.45B	12.11B	14.03B	17.03B	16.81B	16.83B
Retained earnings	11.12B	11.37B	10.66B	11.44B	13.46B	16.74B	17.74B	17.88B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	9.30B	9.16B	9.36B	9.07B	9.60B	9.02B
Cash & ST investments	3.35B	3.05B	2.99B	2.88B	3.42B	2.78B
Inventory	3.52B	3.49B	3.51B	3.60B	3.61B	3.72B
Total assets	20.62B	20.41B	20.47B	20.07B	20.51B	20.31B
Total current liabilities	2.28B	2.68B	2.29B	2.35B	2.32B	2.22B
Short-term debt	399.24M	373.84M	378.79M	353.70M	379.48M	348.37M
Long-term debt	7.44M	4.36M	2.25M	368.00K	360.00K	357.00K
Total liabilities	3,222,672,000.00	3,612,899,000.00	3,206,692,000.00	3,243,245,000.00	3,167,245,000.00	3,092,666,000.00
Total equity	17.40B	16.79B	17.26B	16.83B	17.35B	17.22B
Retained earnings	18.25B	17.30B	17.73B	17.88B	18.42B	17.15B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	610.80M	1.53B	1.52B	119.08M	1.17B	4.40B	2.87B	2.60B
Depreciation & amortization	664.36M	539.52M	678.81M	594.72M	607.72M	548.51M	632.85M	616.17M
Free cash flow	261.33M	1.18B	1.33B	-125.52M	769.87M	3.78B	2.16B	1.98B
Dividends paid	-484.02M	-484.02M	-82.64M	-318.74M	-531.24M	-636.51M	-757.79M	-900.36M
Stock buybacks / issuance	--	--	--	0	0	-213.74M	-1.44B	-1.36B
Ending cash balance	426.72M	1.55B	584.58M	318.07M	1.09B	1.62B	660.80M	572.44M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	821.00M	673.15M	318.26M	787.18M	617.65M	517.53M
Depreciation & amortization	146.41M	150.00M	156.84M	162.92M	151.44M	155.33M
Free cash flow	647.16M	518.92M	137.81M	665.59M	503.17M	396.07M
Dividends paid	--	-600.32M	0	-300.04M	--	--
Stock buybacks / issuance	-237.19M	-236.74M	-351.46M	-536.92M	-89.56M	0
Ending cash balance	758.95M	571.49M	546.96M	572.44M	1.15B	556.98M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	7.53	6.25	-5.46	9.47	19.74	25.48	12.18	11.65
ROA %	6.12	5.11	-4.44	7.81	15.96	20.28	9.81	9.54
ROIC %	7.04	5.83	-5.01	8.86	18.57	23.75	10.94	10.45
5-year avg ROE %	4.29	3.68	2.72	4.52	7.51	11.10	12.29	15.71
EBIT margin %	14.89	13.40	-11.51	19.42	27.31	31.88	20.90	21.04
FCF / sales %	3.49	16.15	25.76	--	6.55	25.39	17.26	16.55
Current ratio	3.18	3.18	3.68	3.19	3.04	3.62	3.50	3.87
Quick ratio	1.69	1.89	2.25	1.47	1.58	2.25	2.08	2.31
Debt / assets	3.78	7.09	6.39	3.10	4.79	3.41	2.85	2.24
LT debt / equity	0.25	1.95	4.70	1.62	0.94	0.86	0.67	0.57
Interest coverage	30.86	22.52	-21.92	53.49	69.91	44.35	42.76	53.71
Revenue CAGR (3Y) %	3.52	19.32	-0.90	-5.22	17.27	42.42	24.30	0.62
Net income CAGR (3Y) %	--	137.70	--	7.89	50.93	--	22.78	-8.86
FCF CAGR (3Y) %	-37.94	127.29	--	--	-13.21	41.74	--	37.06

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	10.45	12.03	11.68	11.65	11.48	11.40
ROA %	8.57	9.65	9.61	9.54	9.56	9.39
ROIC %	9.24	10.42	10.35	10.45	10.38	10.26
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	19.77	20.98	21.57	21.04	21.29	20.78
FCF / sales %	17.44	15.83	13.80	16.55	15.12	14.14
Current ratio	4.08	3.41	4.08	3.87	4.15	4.07
Quick ratio	2.53	2.11	2.55	2.31	2.58	2.39
Debt / assets	2.41	2.31	2.33	2.24	2.31	2.20
LT debt / equity	0.57	0.59	0.58	0.57	0.55	0.58
Interest coverage	45.31	-196.22	63.78	53.71	55.26	75.65
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Tubes is the largest reported line at 94.55% of revenue, across 2 reported segments.
The next-largest line, Other, is a distant second at 5.45% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Tubes94.55%

Other5.45%

Quote time 2026-10-08 04:24:42 · For reference only, not investment advice and not tailored to your situation.