Also trades as: TS (NYSE) · $vol 74M · TEN.MI (MIL) · $vol 37M · TENR.MI (MIL)

$28.12

+0.00 (+0.00%)

OTC · Energy · Oil & Gas Equipment & Services · Tech Score Sell · Power 52 · $28.4B mcap · 319M float · 0.0013% daily turnover · Short 80% of daily vol

Credit Risk of going bust: lower than 93% of companies Debt: 1.4% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $0.04 (down 99.9%), Tenaris S.A. would be worth roughly what it owes.
Total debt $446.9M against a stock market value of $32.37B.
Distance to default 16.19 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $301.7M (short-term plus half of long-term), stock volatility 29.2%; Altman Z'' 11.54. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Income Trends

Revenue

$12.5B -0.4% ▼

5Y CAGR: +19.4%

Gross Profit

$4.3B -2.3% ▼

5Y CAGR: +32.3%

Operating Income

$2.4B -1.4% ▼

Net Income

$2.0B -1.2% ▼

EPS (Diluted)

$1.90 +5.0% ▲

EBITDA

$3.0B -0.5% ▼

5Y CAGR: +146.3%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$6.5B	$11.8B	$14.9B	$12.5B	$12.5B
YoY Growth	+26.7%	+80.4%	+26.4%	-15.8%	-0.4%
Cost of Revenue	$4.6B	$7.1B	$8.7B	$8.1B	$8.2B
Gross Profit	$1.9B	$4.7B	$6.2B	$4.4B	$4.3B
Gross Margin	29.3%	39.7%	41.7%	35.0%	34.4%
R&D Expenses	$44M	$52M	$0	$0	$0
SG&A Expenses	$1.0B	$1.4B	$1.6B	$1.6B	$1.9B
Operating Expenses	$1.1B	$1.7B	$1.9B	$2.0B	$1.9B
Operating Income	$708M	$3.0B	$4.3B	$2.4B	$2.4B
Operating Margin	10.8%	25.2%	29.0%	19.3%	19.1%
Interest Expense	$23M	$47M	$344K	$59M	$49M
Income Before Tax	$1.2B	$3.2B	$4.6B	$2.6B	$2.6B
Tax Expense	$189M	$617M	$689M	$480M	$521M
Net Income	$1.1B	$2.6B	$3.9B	$2.0B	$2.0B
Net Margin	16.9%	21.7%	26.4%	16.3%	16.1%
EPS (Diluted)	$0.90	$2.20	$3.32	$1.81	$1.90
EBITDA	$1.3B	$3.8B	$5.3B	$3.0B	$3.0B
Shares Outstanding	1.18B	1.18B	1.18B	1.13B	1.06B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$2.9B	$2.8B	$2.9B	$3.1B	$3.0B	$3.0B	$3.1B	$2.9B
Cost of Revenue	$1.9B	$1.9B	$1.9B	$2.0B	$1.9B	$2.0B	$2.1B	$2.0B
Gross Profit	$980M	$923M	$1.0B	$1.1B	$1.0B	$1.0B	$1.1B	$946M
Gross Margin	33.6%	32.4%	34.3%	34.7%	34.7%	33.9%	33.9%	32.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$454M	$384M	$403M	$484M	$433M	$457M	$403M	$415M
Operating Expenses	$443M	$365M	$451M	$489M	$433M	$457M	$616M	$446M
Operating Income	$537M	$558M	$550M	$583M	$594M	$567M	$584M	$500M
Operating Margin	18.4%	19.6%	18.8%	18.9%	20.0%	18.8%	18.8%	17.2%
Interest Expense	$16M	$9M	$12M	$10M	$10M	$16M	$12M	$12M
Income Before Tax	$593M	$642M	$599M	$647M	$622M	$609M	$668M	$564M
Tax Expense	$134M	$123M	$81M	$105M	$171M	$144M	$103M	$80M
Net Income	$448M	$516M	$507M	$531M	$444M	$453M	$541M	$469M
Net Margin	15.4%	18.1%	17.3%	17.2%	15.0%	15.0%	17.4%	16.1%
EPS (Diluted)	$0.40	$0.46	$0.47	$0.52	$0.41	$0.44	$0.54	$0.46
EBITDA	$760M	$819M	$757M	$807M	$787M	$789M	$723M	$653M
Shares Outstanding	1.11B	1.08B	1.08B	1.07B	1.08B	1.02B	1.00B	1.01B

TNRSF OTC

Income Trends

Profit Margins

Year-over-Year Growth

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