56/100B58.845
USD
2.33
(4.11%)
Market Closed
Last updated: · Delayed 15 min
Fair valueNot reliable
Q3 FY2026 results
EPS1.01+24.7%Revenue3.10B+2.3%
Q3 FY2026 results
EPS1.01Beat +24.7%(est. 0.81)Revenue3.10BBeat +2.3%(est. 3.03B)
Tenaris S A free cash flow 2002–2026
Tenaris S A's free cash flow in Q2 FY2026, the three months to 30 June 2026, was 425.02M USD, down 26.1% on the same quarter a year before. Tenaris S A's free cash flow over the last twelve months was 1.73B USD, down 8.8% on the twelve months before. In fiscal year 2025 it was 1.98B USD, down 8.3% on the year before.
Last updated 7 Nov 2026 · Next report 17 Feb 2027
Free cash flow
Free cash flow · +6.1% a year over 10 yearsFree cash flow margin
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Jun 2026 | 1.73B | -8.80% | 14.24% | 2.27B | -538.21M | 3.86 |
| FY2025 | 31 Dec 2025 | 1.98B | -8.30% | 16.55% | 2.60B | -617.18M | 3.81 |
| FY2024 | 31 Dec 2024 | 2.16B | -42.74% | 17.26% | 2.87B | -704.35M | 3.84 |
| FY2023 | 31 Dec 2023 | 3.78B | +390.42% | 25.39% | 4.40B | -619.45M | 6.41 |
| FY2022 | 31 Dec 2022 | 769.87M | — | 6.55% | 1.17B | -397.35M | 1.30 |
| FY2021 | 31 Dec 2021 | -125.52M | -109.47% | -1.92% | 119.08M | -244.59M | -0.21 |
| FY2020 | 31 Dec 2020 | 1.33B | +12.39% | 25.76% | 1.52B | -194.35M | 2.25 |
| FY2019 | 31 Dec 2019 | 1.18B | +341.33% | 16.18% | 1.53B | -348.08M | 2.00 |
| FY2018 | 31 Dec 2018 | 267.34M | — | 3.49% | 610.80M | -343.46M | 0.45 |
| FY2017 | 31 Dec 2017 | -574.82M | -673.09% | -10.87% | -22.03M | -552.79M | -0.97 |
| FY2016 | 31 Dec 2016 | 100.30M | -90.83% | 2.34% | 863.57M | -763.26M | 0.17 |
| FY2015 | 31 Dec 2015 | 1.09B | +21.18% | 15.40% | 2.22B | -1.12B | 1.85 |
| FY2014 | 31 Dec 2014 | 902.46M | -44.80% | 8.73% | 2.04B | -1.14B | 1.53 |
| FY2013 | 31 Dec 2013 | 1.63B | +51.55% | 15.43% | 2.36B | -720.31M | 2.77 |
| FY2012 | 31 Dec 2012 | 1.08B | +156.44% | 9.96% | 1.86B | -781.72M | 1.83 |
| FY2011 | 31 Dec 2011 | 420.65M | +1,689.68% | 4.22% | 1.28B | -862.66M | 0.71 |
| FY2010 | 31 Dec 2010 | 23.50M | -99.10% | 0.30% | 870.82M | -847.32M | 0.04 |
| FY2009 | 31 Dec 2009 | 2.60B | +154.76% | 31.94% | 3.06B | -460.93M | 4.41 |
| FY2008 | 31 Dec 2008 | 1.02B | -35.03% | 8.42% | 1.47B | -443.24M | 1.73 |
| FY2007 | 31 Dec 2007 | 1.57B | +14.85% | 15.66% | 2.02B | -447.92M | 2.66 |
| FY2006 | 31 Dec 2006 | 1.37B | +35.47% | 17.72% | 1.81B | -441.47M | 2.32 |
| FY2005 | 31 Dec 2005 | 1.01B | — | 15.01% | 1.30B | -284.47M | 1.71 |
| FY2004 | 31 Dec 2004 | -85.02M | -175.23% | -2.06% | 98.29M | -183.31M | -0.14 |
| FY2003 | 31 Dec 2003 | 113.01M | -66.45% | 3.55% | 275.64M | -162.62M | 0.19 |
| FY2002 | 31 Dec 2002 | 336.83M | — | 10.46% | 461.44M | -124.61M | 0.92 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | 425.02M | -26.07% | 14.33% | 546.29M | -121.27M | 0.84 |
| Q1 FY2026 | 31 Mar 2026 | 504.99M | -21.97% | 16.23% | 619.89M | -114.90M | 0.97 |
| Q4 FY2025 | 31 Dec 2025 | 665.59M | +114.46% | 22.22% | 787.18M | -121.59M | 1.28 |
| Q3 FY2025 | 30 Sept 2025 | 137.81M | -62.57% | 4.65% | 318.26M | -180.45M | 0.26 |
| Q2 FY2025 | 30 Jun 2025 | 574.92M | -24.39% | 18.63% | 726.79M | -151.87M | 1.07 |
| Q1 FY2025 | 31 Mar 2025 | 647.16M | -9.47% | 22.15% | 821.00M | -173.84M | 1.20 |
| Q4 FY2024 | 31 Dec 2024 | 310.36M | -53.60% | 10.91% | 492.23M | -181.87M | 0.57 |
| Q3 FY2024 | 30 Sept 2024 | 368.17M | -67.64% | 12.63% | 551.81M | -183.64M | 0.66 |
| Q2 FY2024 | 30 Jun 2024 | 760.42M | -35.99% | 22.89% | 935.20M | -174.79M | 1.34 |
| Q1 FY2024 | 31 Mar 2024 | 714.88M | -11.05% | 20.77% | 886.98M | -172.10M | 1.23 |
| Q4 FY2023 | 31 Dec 2023 | 668.92M | +65.91% | 19.59% | 835.74M | -166.82M | 1.14 |
| Q3 FY2023 | 30 Sept 2023 | 1.14B | +797.62% | 35.13% | 1.30B | -159.36M | 1.93 |
| Q2 FY2023 | 30 Jun 2023 | 1.19B | +237.44% | 29.15% | 1.34B | -153.67M | 2.01 |
| Q1 FY2023 | 31 Mar 2023 | 803.68M | — | 19.41% | 920.77M | -117.09M | 1.36 |
| Q4 FY2022 | 31 Dec 2022 | 403.19M | — | 11.14% | 523.94M | -120.75M | 0.68 |
| Q3 FY2022 | 30 Sept 2022 | 126.73M | — | 4.26% | 242.13M | -115.40M | 0.21 |
| Q2 FY2022 | 30 Jun 2022 | 352.05M | — | 12.57% | 427.75M | -75.70M | 0.60 |
| Q1 FY2022 | 31 Mar 2022 | -112.10M | -607.28% | -4.74% | -26.60M | -85.50M | -0.19 |
| Q4 FY2021 | 31 Dec 2021 | -23.27M | -121.98% | -1.13% | 46.03M | -69.30M | -0.04 |
| Q3 FY2021 | 30 Sept 2021 | -21.40M | -105.70% | -1.22% | 52.90M | -74.31M | -0.04 |
| Q2 FY2021 | 30 Jun 2021 | -104.25M | -125.93% | -6.82% | -50.35M | -53.90M | -0.18 |
| Q1 FY2021 | 31 Mar 2021 | 22.10M | -95.06% | 1.87% | 70.49M | -48.40M | 0.04 |
| Q4 FY2020 | 31 Dec 2020 | 105.87M | -45.60% | 9.36% | 139.45M | -33.59M | 0.18 |
| Q3 FY2020 | 30 Sept 2020 | 375.70M | +30.66% | 37.10% | 417.27M | -41.57M | 0.64 |
| Q2 FY2020 | 30 Jun 2020 | 402.04M | +63.83% | 32.40% | 447.58M | -45.54M | 0.68 |
| Q1 FY2020 | 31 Mar 2020 | 447.61M | -3.10% | 25.40% | 516.08M | -68.47M | 0.76 |
| Q4 FY2019 | 31 Dec 2019 | 194.61M | +17.80% | 11.18% | 264.27M | -69.66M | 0.33 |
| Q3 FY2019 | 30 Sept 2019 | 287.54M | — | 16.30% | 373.75M | -86.21M | 0.49 |
| Q2 FY2019 | 30 Jun 2019 | 245.40M | -1.32% | 12.79% | 342.30M | -96.90M | 0.42 |
| Q1 FY2019 | 31 Mar 2019 | 461.93M | — | 24.68% | 547.62M | -85.69M | 0.78 |
| Q4 FY2018 | 31 Dec 2018 | 165.20M | — | 7.85% | 239.28M | -74.08M | 0.28 |
| Q3 FY2018 | 30 Sept 2018 | -26.60M | — | -1.40% | 49.85M | -76.45M | -0.05 |
| Q2 FY2018 | 30 Jun 2018 | 248.67M | — | 13.90% | 351.24M | -102.57M | 0.42 |
| Q1 FY2018 | 31 Mar 2018 | -120.44M | — | -6.45% | -29.57M | -90.87M | -0.20 |
| Q4 FY2017 | 31 Dec 2017 | -132.93M | — | -8.37% | -12.90M | -120.03M | -0.23 |
| Q3 FY2017 | 30 Sept 2017 | -144.27M | -270.96% | -11.07% | -2.43M | -141.84M | -0.24 |
| Q2 FY2017 | 30 Jun 2017 | -187.11M | -209.54% | -15.06% | -32.83M | -154.28M | -0.32 |
| Q1 FY2017 | 31 Mar 2017 | -110.52M | -237.08% | -9.58% | 26.13M | -136.65M | -0.19 |
| Q4 FY2016 | 31 Dec 2016 | -235.52M | — | -22.52% | -78.82M | -156.70M | -0.40 |
| Q3 FY2016 | 30 Sept 2016 | 84.39M | -70.54% | 8.05% | 253.51M | -169.12M | 0.14 |
| Q2 FY2016 | 30 Jun 2016 | 170.81M | -40.58% | 15.24% | 379.73M | -208.92M | 0.29 |
| Q1 FY2016 | 31 Mar 2016 | 80.62M | -86.94% | 6.41% | 309.15M | -228.53M | 0.14 |
| Q4 FY2015 | 31 Dec 2015 | -97.55M | — | -6.87% | 202.69M | -300.24M | -0.17 |
| Q3 FY2015 | 30 Sept 2015 | 286.46M | -14.01% | 18.37% | 586.33M | -299.87M | 0.49 |
| Q2 FY2015 | 30 Jun 2015 | 287.48M | -17.79% | 15.39% | 548.09M | -260.61M | 0.49 |
| Q1 FY2015 | 31 Mar 2015 | 617.19M | +55.00% | 27.39% | 877.89M | -260.71M | 1.05 |
| Q4 FY2014 | 31 Dec 2014 | -178.52M | -169.29% | -6.67% | 206.29M | -384.81M | -0.30 |
| Q3 FY2014 | 30 Sept 2014 | 333.12M | -40.46% | 13.76% | 659.45M | -326.33M | 0.56 |
| Q2 FY2014 | 30 Jun 2014 | 349.69M | -19.38% | 13.14% | 566.49M | -216.80M | 0.59 |
| Q1 FY2014 | 31 Mar 2014 | 398.18M | +3.72% | 15.43% | 611.84M | -213.67M | 0.67 |
| Q4 FY2013 | 31 Dec 2013 | 257.63M | +72.94% | 9.63% | 427.48M | -169.85M | 0.44 |
| Q3 FY2013 | 30 Sept 2013 | 559.52M | +81.87% | 23.17% | 753.17M | -193.65M | 0.95 |
| Q2 FY2013 | 30 Jun 2013 | 433.74M | +105.22% | 15.33% | 611.05M | -177.31M | 0.73 |
| Q1 FY2013 | 31 Mar 2013 | 383.91M | -5.97% | 14.33% | 563.41M | -179.50M | 0.65 |
| Q4 FY2012 | 31 Dec 2012 | 148.97M | -44.31% | 5.40% | 346.60M | -197.63M | 0.25 |
| Q3 FY2012 | 30 Sept 2012 | 307.66M | +147.84% | 11.58% | 494.62M | -186.96M | 0.52 |
| Q2 FY2012 | 30 Jun 2012 | 211.35M | +185.77% | 7.54% | 414.50M | -203.15M | 0.36 |
| Q1 FY2012 | 31 Mar 2012 | 408.30M | — | 15.60% | 604.70M | -196.40M | 0.69 |
| Q4 FY2011 | 31 Dec 2011 | 267.52M | — | 9.73% | 456.24M | -188.73M | 0.45 |
| Q3 FY2011 | 30 Sept 2011 | 124.14M | — | 4.98% | 336.27M | -212.14M | 0.21 |
| Q2 FY2011 | 30 Jun 2011 | 73.96M | — | 3.08% | 325.13M | -251.17M | 0.13 |
| Q1 FY2011 | 31 Mar 2011 | -44.97M | -116.16% | -1.93% | 165.66M | -210.62M | -0.08 |
| Q4 FY2010 | 31 Dec 2010 | -32.26M | -111.37% | -1.56% | 253.84M | -286.10M | -0.05 |
| Q3 FY2010 | 30 Sept 2010 | -90.74M | -113.52% | -4.48% | 122.09M | -212.83M | -0.15 |
| Q2 FY2010 | 30 Jun 2010 | -131.81M | -113.12% | -6.65% | 58.62M | -190.43M | -0.22 |
| Q1 FY2010 | 31 Mar 2010 | 278.31M | -56.76% | 16.98% | 436.27M | -157.96M | 0.47 |
| Q4 FY2009 | 31 Dec 2009 | 283.83M | +3.89% | 15.37% | 416.96M | -133.13M | 0.48 |
| Q3 FY2009 | 30 Sept 2009 | 670.94M | +504.44% | 37.87% | 772.40M | -101.46M | 1.14 |
| Q2 FY2009 | 30 Jun 2009 | 1.00B | +539.59% | 47.92% | 1.11B | -106.51M | 1.70 |
| Q1 FY2009 | 31 Mar 2009 | 643.62M | +33.95% | 26.28% | 763.45M | -119.83M | 1.09 |
| Q4 FY2008 | 31 Dec 2008 | 273.21M | +131.26% | 8.44% | 379.31M | -106.10M | 0.46 |
| Q3 FY2008 | 30 Sept 2008 | 111.00M | -85.85% | 3.56% | 242.77M | -131.77M | 0.19 |
| Q2 FY2008 | 30 Jun 2008 | 157.08M | +54.20% | 4.99% | 273.99M | -116.91M | 0.27 |
| Q1 FY2008 | 31 Mar 2008 | 480.48M | -15.46% | 18.30% | 568.93M | -88.46M | 0.81 |
| Q4 FY2007 | 31 Dec 2007 | 118.14M | -67.12% | 4.75% | 231.49M | -113.35M | 0.20 |
| Q3 FY2007 | 30 Sept 2007 | 784.34M | +68.63% | 31.08% | 889.76M | -105.42M | 1.33 |
| Q2 FY2007 | 30 Jun 2007 | 101.87M | +44.65% | 3.91% | 211.10M | -109.24M | 0.17 |
| Q1 FY2007 | 31 Mar 2007 | 568.36M | +19.77% | 23.43% | 688.27M | -119.91M | 0.96 |
| Q4 FY2006 | 31 Dec 2006 | 359.30M | +31.46% | 17.44% | 498.69M | -139.40M | 0.61 |
| Q3 FY2006 | 30 Sept 2006 | 465.11M | +9.83% | 24.19% | 598.09M | -132.98M | 0.79 |
| Q2 FY2006 | 30 Jun 2006 | 70.42M | -60.59% | 3.59% | 170.00M | -99.57M | 0.12 |
| Q1 FY2006 | 31 Mar 2006 | 474.55M | +250.54% | 26.61% | 544.08M | -69.53M | 0.80 |
| Q4 FY2005 | 31 Dec 2005 | 273.30M | — | 14.40% | 363.35M | -90.05M | 0.46 |
| Q3 FY2005 | 30 Sept 2005 | 423.49M | +1,727.52% | 25.82% | 486.29M | -62.79M | 0.72 |
| Q2 FY2005 | 30 Jun 2005 | 178.68M | — | 10.24% | 263.00M | -84.32M | 0.30 |
| Q1 FY2005 | 31 Mar 2005 | 135.38M | — | 9.32% | 182.69M | -47.32M | 0.23 |
| Q4 FY2004 | 31 Dec 2004 | — | — | — | 41.71M | — | — |
| Q3 FY2004 | 30 Sept 2004 | 23.17M | -79.46% | 2.30% | 139.48M | -116.30M | 0.04 |
| Q2 FY2004 | 30 Jun 2004 | -36.26M | — | -3.64% | 6.61M | -42.87M | -0.06 |
| Q1 FY2004 | 31 Mar 2004 | -129.42M | -207.25% | -15.06% | -89.51M | -39.91M | -0.22 |
| Q4 FY2003 | 31 Dec 2003 | -16.33M | — | -2.14% | 22.83M | -39.16M | -0.03 |
| Q3 FY2003 | 30 Sept 2003 | 112.79M | — | 14.85% | 147.62M | -34.83M | 0.19 |
| Q2 FY2003 | 30 Jun 2003 | -104.12M | — | -11.98% | -59.10M | -45.02M | -0.18 |
| Q1 FY2003 | 31 Mar 2003 | 120.67M | — | 15.28% | 164.28M | -43.61M | 0.21 |
Figures in USD. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Stock buybacks,Cash flow
Common questions about Tenaris S A's free cash flow
Source: Financial Modeling Prep