TS on NYSE

Tenaris

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

Manufacturer of steel pipes

Tenaris S.A., organized in Luxembourg, is a manufacturer and supplier of steel pipes and related services for the petroleum industry. The company produces and ships over 4 million tons of pipes annually.3 From Wikipedia, CC BY-SA 4.0

$59.26 up 2.01 (3.51%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

$12.0BRevenue, fiscal 20257
$2.0BNet income, fiscal 20257
2002Founded1

Compare with Ternium, U.S. Steel or Steel Dynamics, or pick any stock.

  • TickerTS on NYSE1
  • Industrymining industry1
  • HeadquartersLuxembourg1
  • Founded inLuxembourg1
  • Websitewww.tenaris.com/en
  • Legal formpublic company1
  • Business address26, Boulevard Royal, 4Th Floor, Luxembourg, N4 L-24498
  • Filer categoryLarge accelerated filer8
  • LEI549300Y7C05BKC4HZB404
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address26, Boulevard Royal, L-2449 Luxembourg, Luxembourg4
  • Registered withLuxembourg Business Registers, B852034

See how the biggest companies compare on our leaderboards

Tenaris S.A., organized in Luxembourg, is a manufacturer and supplier of steel pipes and related services for the petroleum industry. The company produces and ships over 4 million tons of pipes annually. In 2024, sales to customers in North America accounted for 46% of sales, compared with 19% in South America, 26% in Asia-Pacific, and 10% in Europe.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

34.4%Gross margin7
19.1%Operating margin7
16.5%Net margin7
-4.3%Revenue growth, 20257
11.7%Return on equity7
0.00×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Tubes brought in 95% of the revenue Tenaris broke down this way in fiscal 2025.

  1. Tubes$11.4B795%down 4% from 2024
  2. All other segments [member]$581.0M75%down 6% from 2024
Business segments by year
Business segments202320242025
Tubes$14.2B$11.9B$11.4B
All other segments [member]$684.0M$617.0M$581.0M

Regions

North America brought in 48% of the revenue Tenaris broke down this way in fiscal 2025.

  1. North America$5.7B748%up 3% from 2024
  2. Asia Pacific, Middle East & Africa [member]$3.0B725%down 3% from 2024
  3. South America$2.4B720%down 9% from 2024
  4. Europe$893.5M77%down 29% from 2024
Regions by year
Regions202320242025
North America$7.8B$5.6B$5.7B
Asia Pacific, Middle East & Africa [member]$2.5B$3.1B$3.0B
South America$3.4B$2.6B$2.4B
Europe$1.2B$1.3B$893.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue64¢$7.9B
  • Research and development1¢$64.2M
  • Selling, general and admin15¢$1.8B
  • Interest0¢$46.9M
  • Income tax4¢$500.6M
  • Profit16¢$2.0B

Out of $12.0B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid35¢$900.4M
  • Share buybacks52¢$1.4B
  • Kept or used elsewhere13¢$336.9M

Out of $2.6B of cash from operations.7

Financial statements

Revenue10111213147$12.0B in 2025+56% since 2018
0$5.0B$10.0B$15.0B2018: $7.7B$7.7B20182019: $7.3B$7.3B2019−5%2020: $5.1B$5.1B2020−29%2021: $6.5B$6.5B2021+27%2022: $11.8B$11.8B2022+80%2023: $14.9B$14.9B2023+26%2024: $12.5B$12.5B2024−16%2025: $12.0B$12.0B2025−4%
Gross profit10111213147$4.1B in 2025+73% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $2.4B$2.4B20182019: $2.2B$2.2B2019−8%2020: $1.1B$1.1B2020−52%2021: $1.9B$1.9B2021+80%2022: $4.7B$4.7B2022+145%2023: $6.2B$6.2B2023+33%2024: $4.4B$4.4B2024−29%2025: $4.1B$4.1B2025−6%
Operating income10111213147$2.3B in 2025+162% since 2018
-$2.0B0$2.0B$4.0B$6.0B2018: $871.8M$871.8M20182019: $832.4M$832.4M2019−5%2020: -$663.1M-$663.1M20202021: $707.5M$707.5M20212022: $3.0B$3.0B2022+319%2023: $4.3B$4.3B2023+46%2024: $2.4B$2.4B2024−44%2025: $2.3B$2.3B2025−6%
Net income10111213147$2.0B in 2025+126% since 2018
-$2.0B0$2.0B$4.0B2018: $873.9M$873.9M20182019: $731.3M$731.3M2019−16%2020: -$642.4M-$642.4M20202021: $1.1B$1.1B20212022: $2.5B$2.5B2022+142%2023: $4.0B$4.0B2023+55%2024: $2.1B$2.1B2024−48%2025: $2.0B$2.0B2025−5%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Net sales$12.0B$12.5B$14.9B
Cost of sales-$7.9B-$8.1B-$8.7B
Gross profit$4.1B$4.4B$6.2B
Selling, general and administrative expenses-$1.8B-$1.9B-$1.9B
Other operating income$23.8M$60.6M$53.0M
Other operating expenses-$32.5M-$125.4M-$17.3M
Operating income$2.3B$2.4B$4.3B
Finance income$252.2M$242.3M$213.5M
Finance cost-$46.9M-$61.2M-$106.9M
Other financial results, net-$72.7M-$52.1M$114.4M
Income before equity in earnings of non-consolidated companies and income tax$2.4B$2.5B$4.5B
Equity in earnings of non-consolidated companies$58.0M$8.5M$95.4M
Income before income tax$2.5B$2.6B$4.6B
Income tax-$500.6M-$479.7M-$675.0M
Income for the year$2.0B$2.1B$4.0B
Shareholders' equity$1.9B$2.0B$3.9B
Non-controlling interests$40.5M$40.3M$39.8M
Weighted average number of outstanding ordinary shares (thousands) (in shares)1.1B shares1.1B shares1.2B shares
Basic earnings per share (U.S. dollars per share)$1.83$1.81$3.32
Diluted earnings per share (U.S. dollars per share)$1.83$1.81$3.32

Compare Tenaris with another company

The story

Tenaris traces its roots to the formation of Siderca, the sole Argentine producer of seamless steel pipe products by the predecessor of San Faustin in 1948. Tenaris was organized on December 17, 2001.

In June 2006, the company acquired Maverick Tube for $3.185 billion.

In September 2006, it sold 75% of Dalmine, its Italian energy supply business, to E.ON for €39 million.

In 2007, the company acquired Hydril for $2.16 billion. The pressure control business was sold to GE Oil and Gas in April 2008.

In January 2020, the company acquired IPSCO Tubulars from OAO TMK for $1.2 billion.

From Wikipedia’s article on Tenaris, shared under CC BY-SA 4.0.9

Products and brands

  • chromite

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

From Wikidata.1

Timeline

  1. 2002Founded Founded in Luxembourg1

Filings

231 filings to the SEC since October 2021: 5 annual reports, 10 large holders, 216 other. The latest 20:

  1. Aug 11, 20266-K EDGAR
  2. Aug 7, 20266-K EDGAR
  3. Aug 7, 20266-K EDGAR
  4. Aug 7, 20266-K EDGAR
  5. May 22, 2026SD EDGAR
  6. May 13, 20266-K EDGAR
  7. May 13, 20266-K EDGAR
  8. May 13, 20266-K EDGAR
  9. May 11, 20266-K EDGAR
  10. May 11, 20266-K EDGAR
  11. May 7, 20266-K EDGAR
  12. May 7, 20266-K EDGAR
  13. May 7, 20266-K EDGAR
  14. Apr 13, 20266-K EDGAR
  15. Apr 13, 20266-K EDGAR
  16. Mar 31, 2026IRANNOTICE IRAN NOTICE EDGAR
  17. Mar 31, 202620-F EDGAR
  18. Mar 31, 20266-K EDGAR
  19. Mar 31, 20266-K EDGAR
  20. Mar 6, 20266-K EDGAR

The 231 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Faustin S.a. SanSCHEDULE 13D/A, 10 filings Nov 3, 2023 to Feb 10, 202616

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC6,760,952$375.2M0.0%−1,490,807
Renaissance Technologies LLC3,056,044$169.6M0.2%−143,700
Van Eck Associates Corp2,478,526$137.5M0.1%−414,506
Wellington Management Group Llp2,458,033$136.4M0.0%+52,999
Morgan Stanley1,238,988$68.8M0.0%+60,919
Goldman Sachs Group Inc1,179,501$65.5M0.0%+458,607
Merewether Investment Management, LP1,130,692$62.7M1.2%New
Dimensional Fund Advisors LP1,039,883$57.7M0.0%−81,124
Holocene Advisors, LP1,030,105$57.2M0.1%New
Driehaus Capital Management LLC1,001,129$55.6M0.3%+112,783
CWA Asset Management Group, LLC987,291$54.8M1.7%+480,741
Invesco Ltd.901,517$50.0M0.0%−266,955
BlackRock, Inc.747,509$41.5M0.0%+31,718
Jane Street Group, LLC716,734$39.8M0.0%+615,896
Marshall Wace, Llp704,368$39.1M0.0%+696,368
Massachusetts Financial Services Co /ma/628,372$35.3M0.0%−18,482
Millennium Management LLC619,526$34.4M0.0%+550,803
UBS Group AG581,680$32.3M0.0%+82,702
Bridgewater Associates, LP568,223$31.5M0.1%+539,593
Assetmark, Inc560,853$31.1M0.1%+70,076
Aventail Capital Group, LP559,941$31.1M1.8%+472,574
Freestone Grove Partners LP504,463$28.0M0.2%New
SIR Capital Management, L.P.368,588$20.5M2.4%New
Bank Of America Corp /de/343,934$19.1M0.0%+185,497
Connor, Clark & Lunn Investment Management Ltd.293,599$16.3M0.0%+115,160

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Nov 13, 2020Greg Gianforte, HousePartial sale$15,001 - $50,000−202.1%Report
Feb 15, 2019Donna Shalala, HouseSale$1,001 - $15,000+64.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
    Yahoo FinanceTS quote
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16