TS
Tenaris SA ADR
NYSE: TS · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$63.54
+0.62% today
Updated 2026-04-29
Market cap
$32.08B
P/E ratio
17.36
P/S ratio
2.68x
EPS (TTM)
$3.66
Dividend yield
2.80%
52W range
$31 – $64
Volume
2.1M
Tenaris SA ADR (TS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.73B | $10.04B | $12.13B | $8.15B | $7.71B | $9.97B | $10.83B | $10.60B | $10.34B | $7.10B | $4.29B | $5.29B | $7.66B | $7.29B | $5.15B | $6.52B | $11.76B | $14.87B | $12.52B | $11.98B |
| Revenue growth (YoY) | — | +29.9% | +20.8% | -32.8% | -5.4% | +29.3% | +8.6% | -2.2% | -2.4% | -31.3% | -39.5% | +23.2% | +44.8% | -4.8% | -29.4% | +26.7% | +80.4% | +26.4% | -15.8% | -4.3% |
| Cost of revenue | $3.88B | $5.52B | $6.80B | $4.86B | $4.70B | $6.23B | $6.64B | $6.46B | $6.29B | $4.89B | $3.17B | $3.69B | $5.28B | $5.11B | $4.09B | $4.61B | $7.09B | $8.67B | $8.14B | $7.86B |
| Gross profit | $3.84B | $4.53B | $5.33B | $3.28B | $3.01B | $3.74B | $4.20B | $4.14B | $4.05B | $2.22B | $1.13B | $1.60B | $2.38B | $2.19B | $1.06B | $1.91B | $4.67B | $6.20B | $4.39B | $4.12B |
| Gross margin | 49.7% | 45.1% | 44.0% | 40.3% | 39.0% | 37.5% | 38.7% | 39.1% | 39.2% | 31.2% | 26.3% | 30.3% | 31.1% | 30.0% | 20.6% | 29.3% | 39.7% | 41.7% | 35.0% | 34.4% |
| R&D | $46.90M | $61.70M | $77.30M | $62.70M | $61.80M | $68.40M | $83.00M | $105.60M | $106.90M | $89.00M | $68.60M | $63.70M | $63.40M | $61.10M | $41.80M | $45.30M | $50.70M | $60.00M | — | — |
| SG&A | $999.41M | $1.32B | $1.82B | $713.77M | $661.55M | $880.33M | $861.00M | $882.22M | $911.01M | $799.38M | $609.33M | $654.66M | $698.42M | $725.29M | $601.74M | $588.85M | $754.09M | $927.43M | $996.27M | $1.83B |
| Operating income | $2.79B | $2.96B | $3.03B | $1.81B | $1.49B | $1.89B | $2.36B | $2.18B | $1.90B | $195.43M | $-59.06M | $334.59M | $871.81M | $832.39M | $-663.07M | $707.51M | $2.96B | $4.32B | $2.42B | $2.28B |
| Operating margin | 36.1% | 29.4% | 25.0% | 22.3% | 19.4% | 19.0% | 21.8% | 20.6% | 18.4% | 2.8% | -1.4% | 6.3% | 11.4% | 11.4% | -12.9% | 10.8% | 25.2% | 29.0% | 19.3% | 19.1% |
| EBITDA | $3.05B | $3.47B | $3.59B | $2.37B | $2.11B | $2.50B | $2.97B | $2.79B | $2.41B | $822.66M | $719.17M | $943.23M | $1.80B | $1.52B | $86.55M | $1.86B | $3.82B | $5.29B | $3.16B | $2.90B |
| EBITDA margin | 39.4% | 34.6% | 29.6% | 29.1% | 27.3% | 25.1% | 27.4% | 26.4% | 23.3% | 11.6% | 16.7% | 17.8% | 23.6% | 20.8% | 1.7% | 28.5% | 32.5% | 35.6% | 25.2% | 24.2% |
| EBIT | $2.79B | $2.96B | $3.06B | $1.87B | $1.60B | $1.95B | $2.40B | $2.18B | $1.79B | $163.89M | $56.76M | $334.59M | $1.14B | $977.09M | $-592.25M | $1.27B | $3.21B | $4.74B | $2.53B | $2.28B |
| Interest expense | $92.58M | $275.65M | $185.84M | $118.30M | $64.10M | $52.41M | $55.51M | $70.45M | $44.39M | $23.06M | $22.33M | $27.07M | $37.98M | $44.97M | $27.01M | $23.68M | $45.94M | $106.86M | $61.21M | $47.08M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.95B | $1.92B | $2.28B | $1.16B | $1.13B | $1.33B | $1.70B | $1.55B | $1.34B | $-80.16M | $55.30M | $544.74M | $876.06M | $742.69M | $-634.42M | $1.10B | $2.55B | $3.92B | $2.04B | $1.93B |
| Net income growth (YoY) | — | -1.1% | +18.3% | -49.0% | -2.9% | +18.1% | +27.6% | -8.7% | -13.4% | -106.0% | +169.0% | +885.1% | +60.8% | -15.2% | -185.4% | +273.4% | +132.1% | +53.5% | -48.0% | -5.1% |
| Profit margin | 25.2% | 19.2% | 18.8% | 14.3% | 14.6% | 13.3% | 15.7% | 14.6% | 13.0% | -1.1% | 1.3% | 10.3% | 11.4% | 10.2% | -12.3% | 16.9% | 21.7% | 26.4% | 16.3% | 16.1% |