TS
Tenaris S.A.
Stock
$55.99+0.34 (+0.61%)Close Oct 2, 2026
Income statement
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0B | $12.5B | $14.9B | $11.8B | $6.5B | $5.1B | $7.3B | $7.7B | $5.3B | $4.3B | $6.9B |
| Cost of revenue | $7.9B | $8.1B | $8.7B | $7.1B | $4.6B | $4.1B | $5.1B | $5.3B | $3.7B | $3.2B | $4.7B |
| Gross profit | $4.1B | $4.4B | $6.2B | $4.7B | $1.9B | $1.1B | $2.2B | $2.4B | $1.6B | $1.1B | $2.2B |
| R&D | $64M | $74M | $60M | $51M | $45M | $42M | $61M | $63M | $64M | $69M | $89M |
| SG&A | $1.8B | $1.9B | $1.9B | $1.6B | $1.2B | $1.1B | $1.4B | $1.5B | $1.3B | $1.2B | $1.6B |
| Other operating expenses | — | — | — | $26M | — | $561M | — | — | — | — | $307M |
| Operating income | $2.3B | $2.4B | $4.3B | $3.0B | $708M | −$663M | $832M | $872M | $335M | −$59M | $166M |
| Non-operating income | $191M | $138M | $316M | $203M | $535M | $44M | $101M | $231M | $93M | $93M | −$25M |
| Pretax income | $2.5B | $2.6B | $4.6B | $3.2B | $1.2B | −$619M | $934M | $1.1B | $428M | $34M | $141M |
| Taxes | $541M | $520M | $715M | $613M | $143M | $15M | $191M | $227M | −$117M | −$21M | $221M |
| Net income | $1.9B | $2.0B | $3.9B | $2.6B | $1.1B | −$634M | $743M | $876M | $545M | $55M | −$80M |
| Diluted EPS | — | — | — | — | — | — | $0.63 | $0.74 | $0.46 | $0.05 | −$0.07 |
| Diluted shares | 1.06B | 1.13B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18B |
| Revenue growth | −4.3% | −15.8% | +26.4% | +80.4% | +26.7% | −29.4% | −4.8% | +44.8% | +23.2% | −37.8% | — |
| Gross margin | 34.4% | 35.0% | 41.7% | 39.7% | 29.3% | 20.6% | 30.0% | 31.1% | 30.3% | 26.3% | 31.2% |
| Operating margin | 19.1% | 19.3% | 29.0% | 25.2% | 10.8% | −12.9% | 11.4% | 11.4% | 6.3% | −1.4% | 2.4% |
| Net margin | 16.1% | 16.3% | 26.4% | 21.7% | 16.9% | −12.3% | 10.2% | 11.4% | 10.3% | 1.3% | −1.2% |