Tenaris S.A. Financial Statements
NYSE: TSIndustrialsSteel/Iron OreUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 57.34 +0.03%
Tenaris S.A. revenue and earnings
In fiscal 2025, Tenaris S.A. generated $11.98 billion in revenue, down 4.3% from fiscal 2024, its first annual decline since 2024. Net income was $1.93 billion (-5.1% year over year), for a net margin of 16.1% versus a median of 16.9% in the prior 5 years. Gross margin was 34.4% (down from 35.0%) and operating margin 19.1%.
Over the last 5 fiscal years, TS's revenue has grown at a 18.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Tenaris S.A. income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20192020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.98B | 12.52B | 14.87B | 11.76B | 6.52B | 5.15B | 7.29B | 7.66B | 5.29B | 4.29B |
| Revenue growth (YoY) | -4.33% | -15.77% | +26.41% | +80.37% | +26.71% | -29.44% | -4.76% | +44.82% | +23.17% | -37.80% |
| Cost of Revenue | 7.86B | 8.14B | 8.67B | 7.09B | 4.61B | 4.09B | 5.11B | 5.28B | 3.69B | 3.17B |
| Gross Profit | 4.12B | 4.39B | 6.20B | 4.67B | 1.91B | 1.06B | 2.19B | 2.38B | 1.60B | 1.13B |
| Operating Expenses | 1.84B | 1.97B | 1.88B | 1.71B | 1.20B | 1.72B | 1.35B | 1.51B | 1.27B | 1.19B |
| Research & Development | 64.20M | 74.20M | 60.00M | 50.70M | 45.30M | 41.80M | 61.10M | 63.40M | 63.70M | 68.60M |
| Selling, General & Admin | 1.83B | 1.90B | 1.92B | 1.63B | 1.21B | 1.12B | 1.37B | 1.51B | 1.27B | 1.20B |
| Operating Income | 2.28B | 2.42B | 4.32B | 2.96B | 707.51M | -663.07M | 832.39M | 871.81M | 334.59M | -59.06M |
| Interest Expense | 46.93M | 61.21M | 106.86M | 45.94M | 23.68M | 27.01M | 43.38M | 36.94M | 27.07M | 22.33M |
| Pretax Income | 2.47B | 2.56B | 4.63B | 3.17B | 1.24B | -619.27M | 933.71M | 1.10B | 427.71M | 34.43M |
| Income Tax | 500.62M | 479.68M | 674.96M | 617.24M | 189.45M | 23.15M | 202.45M | 229.21M | -17.14M | 17.10M |
| Net Income | 1.93B | 2.04B | 3.92B | 2.55B | 1.10B | -634.42M | 742.69M | 876.06M | 544.74M | 55.30M |
| Net Income growth (YoY) | -5.09% | -48.02% | +53.45% | +132.08% | — | -185.42% | -15.22% | +60.82% | +885.09% | — |
| Shares Outstanding (Basic) | 1.06B | 1.13B | 1.18B | 1.18B | 1.18B | 1.18B | 1.18M | 1.18M | 1.18B | 1.18B |
| EBITDA | 2.90B | 3.05B | 4.86B | 3.57B | 1.30B | 15.73M | 1.37B | 1.54B | 943.23M | 603.36M |
| Gross Margin | 34.39% | 35.04% | 41.70% | 39.74% | 29.28% | 20.58% | 29.98% | 31.07% | 30.32% | 26.27% |
| Operating Margin | 19.06% | 19.31% | 29.03% | 25.19% | 10.85% | -12.88% | 11.41% | 11.38% | 6.33% | -138.00% |
| Net Margin | 16.13% | 16.26% | 26.35% | 21.71% | 16.87% | -12.33% | 10.18% | 11.44% | 10.30% | 129.00% |
This table shows 10 annual periods of Tenaris S.A.'s income statement, from FY 2025 back to FY 2016, across 16 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow TS's reporting calendar. What is a income statement?