Gerdau S.A. (GGB) vs Tenaris S.A. (TS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Gerdau S.A. (GGB) has outperformed Tenaris S.A. (TS) over the past year, gaining 57.4% versus a gain of 52.7%. Over five years, TS leads with a +141.8% price change compared with +23.5% for GGB. Tenaris S.A. is the larger company by market cap ($28.30 billion vs $9.97 billion), about 2.8 times the size.
On valuation, Gerdau S.A. trades at a lower forward P/E (8.4x vs 13.4x for Tenaris S.A.). Gerdau S.A. offers the higher dividend yield (15.55% vs 2.12%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | GGB | TS |
|---|---|---|
| Share price | $5.08 | $56.05 |
| Market cap | $9.97B | $28.30B |
| 1-day change | +1.20% | +0.85% |
| YTD return | +36.04% | +44.55% |
| 1-year return | +57.37% | +52.69% |
| 5-year return | +23.54% | +141.76% |
| P/E ratio (TTM) | 23.09 | 14.95 |
| Forward P/E | 8.42 | 13.43 |
| EPS (TTM) | $0.22 | $3.75 |
| Dividend yield | 15.55% | 2.12% |
| Annual dividend | $0.79 | $1.19 |
| Revenue (latest FY) | — | $11.98B |
| Revenue growth (YoY) | — | -4.33% |
| Net income (latest FY) | — | $1.93B |
| Gross margin | — | 34.39% |
| Operating margin | — | 19.06% |
| Net margin | — | 16.13% |
| 52-week high | $5.48 | $64.60 |
| 52-week low | $3.13 | $33.65 |
| Distance from 52-week high | -7.30% | -13.24% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +16.34% | +15.59% |
| Average volume | 13.06M | 1.29M |
| Shares outstanding | 1.24B | 504.82M |
| Employees | 30,000 | 26,000 |
| Sector | Industrials | Industrials |
| Industry | Steel/Iron Ore | Steel/Iron Ore |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Tenaris S.A. is about 2.8 times larger than Gerdau S.A. by market value ($28.30B vs $9.97B).
- Gerdau S.A. trades at a higher earnings multiple (23.1x vs 14.9x trailing P/E).
- Gerdau S.A. offers a meaningfully higher dividend yield (15.55% vs 2.12%).
About Gerdau S.A.
GGB stock →Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South America Business segments.
Industrials · Steel/Iron Ore · 30,000 employees
About Tenaris S.A.
TS stock →Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. It provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks, and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure.
Industrials · Steel/Iron Ore · 26,000 employees
GGB vs TS FAQ
Which is bigger, Gerdau S.A. or Tenaris S.A.?
Tenaris S.A. (TS) is larger, with a market capitalization of $28.30B compared with $9.97B for Gerdau S.A. (GGB).
Which stock has performed better over the past year, GGB or TS?
GGB returned +57.37% over the past 12 months, compared with +52.69% for TS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, GGB or TS?
TS has the lower trailing P/E at 14.9, versus 23.1 for GGB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Gerdau S.A. or Tenaris S.A.?
Gerdau S.A. has the higher yield at 15.55%, compared with 2.12% for Tenaris S.A..
Are Gerdau S.A. and Tenaris S.A. in the same industry?
Yes. Both are classified in the Steel/Iron Ore industry within the Industrials sector.