Tenaris

TEN · Borsa Italiana · EUR

€24.74+1.14%+€0.28

Close · October 2, 2026

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total assets20,31120,51520,07220,46620,40820,61920,45021,14021,10021,54821,08219,839
Current assets9,0239,5999,0739,3589,1579,3049,2369,9229,82110,34410,5049,957
Cash and equivalents5571,1525735475727706757158501,3231,638864
Short-term investments2,2262,2652,3072,4422,4832,5822,3732,7992,4522,2491,9702,497
Receivables2,5092,5622,4102,8572,6132,4292,3102,6372,6782,8572,7952,700
Inventory3,7163,6073,6023,5073,4873,5193,7103,7633,8353,9123,9213,885
Net property, plant and equipment6,2956,3176,3506,3626,3156,3316,2706,3006,2476,2316,2106,028
Goodwill——1,091———1,090———1,104—
Other intangible assets1,3561,3572661,3571,3621,3592681,3561,3521,3562731,337
Long-term investments2,7082,2772,3192,3942,5852,5892,5492,5712,6662,6652,0142,169
Current liabilities2,2182,3152,3462,2942,6812,2822,6372,7183,1602,9402,9022,529
Accounts payable8668468738309108328809621,0201,0411,108999
Long-term debt0.40.40.42.34.47.411.414.421.428.148.325.2
Total debt447474449478472498568652737776——
Total liabilities3,0933,1673,2433,2073,6133,2233,6363,7214,1833,9394,0513,439
Total equity (incl. minority)17,21917,34716,82917,25916,79517,39716,81417,42016,91717,60917,03016,400
Retained earnings17,24918,53017,98917,84017,40718,36517,85817,64117,19217,59816,86115,967
Minority interest256253230218211232221219209202187171