Tenaris
€24.74Change from previous close: +1.14%Absolute change: +€0.28
At a glance
- Revenue growth
- −4.33%
- 2025 vs 2024
- Net income growth
- −5.09%
- 2025 vs 2024
- Net margin
- 16.1%
- 2024: 16.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 2,600 | 2,866 | 4,395 | 1,167 | 119 |
| Depreciation and amortization | 586 | 610 | 549 | 608 | 595 |
| Capital expenditure | -568 | -646 | -619 | -397 | -245 |
| Investing cash flow | -193 | -1,397 | -2,687 | -164 | 268 |
| Financing cash flow | -2,478 | -2,399 | -1,125 | -178 | -648 |
| Dividends paid | -900 | -758 | -637 | -531 | -319 |
| Share repurchases | -1,362 | -1,440 | -214 | 0.0 | — |
| Debt issued | 655 | 1,871 | 1,724 | 1,512 | — |
| Debt repaid | -840 | -2,068 | -1,983 | -1,147 | — |
| Effect of exchange rates | -17.5 | -25.4 | -58.4 | -52.0 | -5.5 |
| Net change in cash | -88.4 | -956 | 525 | 773 | -267 |
| Free cash flow | 2,031 | 2,220 | 3,776 | 770 | -126 |
| Levered free cash flow | 1,207 | 2,007 | 2,764 | 117 | -160 |