SLB (SLB) vs Tenaris S.A. (TS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Tenaris S.A. (TS) has outperformed SLB (SLB) over the past year, gaining 52.7% versus a gain of 39.3%. Over five years, TS leads with a +141.8% price change compared with +40.9% for SLB. SLB is the larger company by market cap ($71.18 billion vs $28.06 billion), about 2.5 times the size.
On valuation, Tenaris S.A. trades at a lower forward P/E (13.1x vs 14.9x for SLB). SLB offers the higher dividend yield (2.42% vs 2.14%). Tenaris S.A. converts more of its revenue into profit, with a net margin of 16.1% versus 9.4%.
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 | SLB | TS |
|---|---|---|
| Share price | $47.96 | $55.58 |
| Market cap | $71.18B | $28.06B |
| 1-day change | -4.08% | -2.27% |
| YTD return | +24.85% | +44.58% |
| 1-year return | +39.25% | +52.72% |
| 5-year return | +40.93% | +141.80% |
| P/E ratio (TTM) | 23.17 | 14.82 |
| Forward P/E | 14.93 | 13.12 |
| EPS (TTM) | $2.07 | $3.75 |
| Dividend yield | 2.42% | 2.14% |
| Annual dividend | $1.16 | $1.19 |
| Revenue (latest FY) | $35.71B | $11.98B |
| Revenue growth (YoY) | -1.60% | -4.33% |
| Net income (latest FY) | $3.37B | $1.93B |
| Gross margin | — | 34.39% |
| Operating margin | — | 19.06% |
| Net margin | 9.45% | 16.13% |
| 52-week high | $60.46 | $64.60 |
| 52-week low | $31.64 | $33.65 |
| Distance from 52-week high | -20.67% | -13.96% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +30.28% | +16.57% |
| Average volume | 12.68M | 1.29M |
| Shares outstanding | 1.48B | 504.82M |
| Employees | 109,000 | 26,000 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
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
- SLB is about 2.5 times larger than Tenaris S.A. by market value ($71.18B vs $28.06B).
- TS has outperformed SLB by 13.5 percentage points over the past year.
- SLB trades at a higher earnings multiple (23.2x vs 14.8x trailing P/E).
- Tenaris S.A. is more profitable, keeping 16.1 cents of every revenue dollar as net income versus 9.4 cents for SLB.
About SLB
SLB stock →SLB N.V. engages in the provision of technology for the energy industry worldwide.
Energy · Oil & Gas Equipment & Services · 109,000 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.
Energy · Oil & Gas Equipment & Services · 26,000 employees
SLB vs TS FAQ
Which is bigger, SLB or Tenaris S.A.?
SLB (SLB) is larger, with a market capitalization of $71.18B compared with $28.06B for Tenaris S.A. (TS).
Which stock has performed better over the past year, SLB or TS?
TS returned +52.72% over the past 12 months, compared with +39.25% for SLB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, SLB or TS?
TS has the lower trailing P/E at 14.8, versus 23.2 for SLB. 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, SLB or Tenaris S.A.?
SLB has the higher yield at 2.42%, compared with 2.14% for Tenaris S.A..
Are SLB and Tenaris S.A. in the same industry?
Yes. Both are classified in the Oil & Gas Equipment & Services industry within the Energy sector.