TS

Tenaris S A
D

TS

Arincen56/100B

If you had invested in Tenaris S A ago, it would be worth $2,898 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

56/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth2.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Tenaris S A key facts

Style
Dividend stock · 8.0/10Growth 5.8 · Value 6.1 · Dividend 8.0
Day range
57.470 – 59.480
52-week range
37.690 – 64.600
Market capitalization
31.57B USD
P/E
12.16
EPS
4.84
Div Yield
4.01%
EPS growth forecast (FY2026)
+3.7%
Volume
49,221
Sector
Energy
Industry
Oil & Gas Equipment & Services
CEO
Gabriel Podskubka
Employees
25K
IPO date
16 Dec 2002

Tenaris S A earnings

Latest results · Q3 FY2026
Reported EPS
1.01+24.69%
est. 0.81
Reported revenue
3.10B+2.29%
est. 3.03B
Next report · Q4 FY2026

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20260.93——+6.90%3.16B——+5.52%
Q3 FY20260.811.01+24.69%+18.82%3.03B3.10B+2.29%+4.64%
Q2 FY20260.790.95+20.25%-4.04%2.93B2.97B+1.14%-5.05%
Q1 FY20260.871.07+22.99%+13.83%3.03B3.10B+2.20%+6.10%
Q4 FY20250.760.87+14.47%-7.45%2.95B3.00B+1.38%+5.27%
Q3 FY20250.750.85+13.33%+4.94%2.95B2.96B+0.49%+1.69%
Q2 FY20250.880.99+12.50%+67.80%2.93B3.12B+6.56%-5.93%

Tenaris S A analyst forecast

12-month price target
67.33 USD
+14.42%

Analysts' 1-year price targets range from 60.00 to 80.00, with an average of 67.33.

Past year
1-year forecast
Strong sellStrong buy
Buy
6 ratings
Strong buy
0
Buy
4
Hold
2
Sell
0
Strong sell
0

12-month price target

Highest target80.00
Average target67.33
Lowest target60.00
Current price58.85

Tenaris S A valuation

Price to earnings ratio (TTM)
12.16
Forward P/E (FY2026)
15.55
Price to sales (TTM)
2.59
Price to book
1.87
EV / EBITDA (TTM)
9.14

Capital structure

Market capitalization
31.57B USD
+
Total debt
485.21M USD
−
Cash and short-term investments
2.95B USD
=
Enterprise value
29.11B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)13.15————
FY2027 (est.)13.7513.15———
FY2026 (est.)15.5513.75———
Now (TTM)12.1613.992.591.879.14
FY202510.3410.161.671.206.33
FY20245.2210.591.701.286.70
FY20235.229.841.381.223.70
FY20228.146.101.761.495.37
FY202111.223.671.891.036.69

Tenaris S A against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Halliburton, Baker Hughes, Slb, NOV, Weatherford International, and Archrock, the US Oil & Gas Equipment & Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median12.2
    4.617.5
  • Gross marginBelow its median34.4%
    29.3%41.7%
    Against its peers: 2 of 7Peers' median 21.0%
  • Operating marginBelow its median19.1%
    10.8%29.0%
    Against its peers: 2 of 7Peers' median 14.1%
  • Net marginLowest in 5 years16.1%
    16.1%26.4%
    Against its peers: 2 of 7Peers' median 9.0%
  • Return on equityBelow its median11.6%
    9.2%23.3%
    Against its peers: 6 of 7Peers' median 13.3%
  • Free cash flow marginAt its median16.5%
    -1.9%25.4%
    Against its peers: 1 of 7Peers' median 9.1%
  • Revenue growthBelow its median-4.3%
    -15.8%80.4%
    Against its peers: 6 of 7Peers' median -1.5%
  • EPS growthLowest in 5 years-48.6%
    -48.6%132.3%
    Against its peers: 6 of 7Peers' median -18.6%
  • Debt to EBITDABelow its median0.14×
    0.14×0.24×
    Against its peers: 1 of 7Peers' median 1.89×
  • Current ratioHighest in 5 years3.87
    3.043.87
    Against its peers: 1 of 7Peers' median 1.79

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Tenaris S A growth and profitability

Revenue (TTM)
12.18B USD
Net income (TTM)
1.98B USD
Gross margin
33.86%
Operating margin
18.35%
Net margin
16.24%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.98B-4.33%1.93B-5.09%34.39%19.14%16.13%3.14B-0.69%
FY202412.52B-15.77%2.04B-48.02%35.04%19.31%16.26%3.16B-40.27%
FY202314.87B+26.41%3.92B+53.45%41.70%29.03%26.35%5.29B+38.45%
FY202211.76B+80.37%2.55B+132.08%39.74%25.19%21.71%3.82B+105.23%
FY20216.52B+26.71%1.10B—29.28%10.85%16.87%1.86B+2,050.32%

How Tenaris S A makes its money

Revenue11.98B 100.0%
Cost of revenue7.86B 65.6%
Gross profit4.12B 34.4%
Selling and administration1.59B 13.2%
Other operating expenses240.96M 2.0%
Operating income2.29B 19.1%
Tax500.62M 4.2%
Net income1.93B 16.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Tenaris S A dividends

Annual dividend
2.36 USD
Dividend yield (indicated)
4.01%
Payout ratio
61.16%
Frequency
Semi-annual
Last payment
1.18 USD
Last ex-dividend date
24 Nov 2026
Last payment date
25 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.701.341.080.900.540.700.820.820.820.86

Tenaris S A financial health

Cash and short-term investments
2.95B USD
Total debt
485.21M USD
Net cash
2.47B USD
Free cash flow (TTM)
1.73B USD
Current ratio
3.25
Debt to equity
0.03
Piotroski score
7 / 9
Altman Z-score
7.46

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.88B448.97M1.98B
FY20243.05B582.32M2.16B
FY20233.61B717.87M3.78B
FY20221.53B840.94M769.87M
FY2021715.98M448.22M-125.52M

Tenaris S A ownership

Institutions
7.40%
Institutional holders
297 (+18)
Free float
94.08%

Who owns the shares

Institutions 7.4% Others 92.6%
As of 30 Jun 2026

Shares free to trade

Free float 504.82M shares ·94.1% Closely held 31.75M shares ·5.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025519.80M519.80M-7.60%
FY2024562.55M562.55M-4.52%
FY2023589.17M589.17M-0.19%
FY2022590.27M590.27M0.00%
FY2021590.27M590.27M0.00%

Source: Financial Modeling Prep

Title: Tenaris S A

Sector: Energy
Industry: Oil & Gas Equipment & Services
Tenaris SA is engaged in the manufacture and supply of steel pipe products and related services for the energy industry and other industrial applications. The company has one reportable segment, Tubes, which includes the production and sale of steel tubular products such as OCTG, line pipe, and mechanical and structural tubes, mainly for the oil and gas industry. It operates an integrated network of manufacturing, research, and service facilities across the Americas, Europe, the Middle East, Asia, and Africa.

Common questions about Tenaris S A stock

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