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TS (Tenaris S.A.) Stock Financials & Earnings | Market Cap Arena
TS
Tenaris S.A.
Mkt Cap
$29B
Energy
·
Oil & Gas Equipment & Services
·
🇱🇺 Luxembourg
·
NYSE
Revenue (TTM)
$12.0B
Net Income (TTM)
$1.9B
EPS (TTM)
$3.62
Free Cash Flow (TTM)
$2.0B
Gross Margin
32.1%
Op. Margin
19.1%
Net Margin
16.1%
FCF Margin
16.8%
P/S Ratio (TTM)
2.4x
P/E Ratio (TTM)
15.0x
YoY Rev Growth
-4.4%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$4.1B
$1.8B
$1.4B
Q2 23
$4.1B
$1.8B
$1.3B
Q3 23
$3.2B
$1.3B
$868M
Q4 23
$3.4B
$1.3B
$819M
Q1 24
$3.4B
$1.3B
$812M
Q2 24
$3.3B
$1.2B
$512M
Q3 24
$2.9B
$980M
$537M
Q4 24
$2.8B
$923M
$558M
Q1 25
$2.9B
$1.0B
$550M
Q2 25
$3.1B
$1.1B
$583M
Q3 25
$3.0B
$1.0B
$597M
Q4 25
$3.0B
$736M
$554M
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Revenue Breakdown
TS
Tenaris S.A.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.1x
9.1x
Q2 23
2.0x
7.9x
Q3 23
1.9x
8.0x
Q4 23
1.9x
7.4x
Q1 24
2.0x
8.2x
Q2 24
2.2x
10.6x
Q3 24
2.2x
10.9x
Q4 24
2.3x
14.2x
Q1 25
2.4x
16.0x
Q2 25
2.5x
14.4x
Q3 25
2.4x
14.5x
Q4 25
2.4x
15.0x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$921M
$804M
Q2 23
$1.3B
$1.2B
Q3 23
$1.3B
$1.1B
Q4 23
$836M
$669M
Q1 24
$887M
$715M
Q2 24
$935M
$760M
Q3 24
$552M
$368M
Q4 24
$492M
$310M
Q1 25
$821M
$647M
Q2 25
$727M
$575M
Q3 25
$314M
$129M
Q4 25
$787M
$666M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$117M
Q2 23
$154M
Q3 23
$159M
Q4 23
$167M
Q1 24
$172M
Q2 24
$175M
Q3 24
$184M
Q4 24
$182M
Q1 25
$174M
Q2 25
$152M
Q3 25
$185M
Q4 25
$122M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+75.0%
+48.2%
Q2 23
+45.5%
+30.8%
Q3 23
+8.8%
+9.1%
Q4 23
-5.7%
-0.4%
Q1 24
-16.9%
-5.7%
Q2 24
-18.5%
+0.5%
Q3 24
-10.0%
+0.4%
Q4 24
-16.7%
-11.9%
Q1 25
-15.1%
-9.8%
Q2 25
-7.1%
-10.9%
Q3 25
+1.7%
-0.4%
Q4 25
+5.3%
+6.7%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
S&M
SG&A
Quarter
G&A
S&M
SG&A
Q1 23
$214M
$198M
—
Q2 23
$335M
$194M
—
Q3 23
—
—
$433M
Q4 23
$257M
$154M
—
Q1 24
$249M
$168M
—
Q2 24
—
—
$497M
Q3 24
—
—
$454M
Q4 24
$243M
$140M
—
Q1 25
$238M
$166M
—
Q2 25
—
—
$484M
Q3 25
—
—
$433M
Q4 25
—
—
$546M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$861M
$1.1B
$1.9B
Q2 23
$755M
$1.8B
$2.6B
Q3 23
$864M
$2.5B
$3.4B
Q4 23
$1.6B
$2.0B
$3.6B
Q1 24
$1.3B
$2.2B
$3.6B
Q2 24
$850M
$2.5B
$3.3B
Q3 24
$715M
$2.8B
$3.5B
Q4 24
$675M
$2.4B
$3.0B
Q1 25
$770M
$2.6B
$3.4B
Q2 25
$572M
$2.5B
$3.1B
Q3 25
$547M
$2.4B
$3.0B
Q4 25
$573M
$2.3B
$2.9B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
590M
-0.6%
Q2 23
591M
+0.1%
Q3 23
590M
-0.1%
Q4 23
588M
-0.4%
Q1 24
580M
-1.4%
Q2 24
569M
-1.9%
Q3 24
556M
-2.3%
Q4 24
549M
-1.2%
Q1 25
538M
-1.9%
Q2 25
538M
+0.0%
Q3 25
538M
+0.0%
Q4 25
520M
-3.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$372K
28K
FY 15
$327K
22K
FY 16
$221K
19K
FY 17
$245K
22K
FY 18
$326K
23K
FY 19
$314K
23K
FY 20
$270K
19K
FY 21
$286K
23K
FY 22
$465K
25K
FY 23
$510K
29K
FY 24
$540K
23K
FY 25
$516K
23K
marketcaparena.com