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.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	2,967	3,100	2,995	2,978	3,086	2,922	2,845	2,915	3,322	3,442	3,415	3,238
Cost of revenue	1,982	1,900	1,842	1,946	2,014	1,896	1,901	1,936	2,144	2,087	2,086	1,973
Gross profit	985	1,200	1,153	1,032	1,072	1,026	944	980	1,178	1,355	1,329	1,264
Selling, general and administrative	484	435	427	435	484	429	413	454	497	470	436	433
Operating income	494	588	526	597	583	553	481	537	512	812	786	868
EBIT	494	588	526	597	583	553	481	537	512	812	786	868
EBITDA	631	723	643	737	717	684	609	670	633	970	907	992
Interest expense	11.9	11.7	15.8	9.6	9.7	11.7	8.9	16.0	15.7	20.6	114	19.2
Pre-tax income	574	668	603	624	647	599	642	593	486	835	969	825
Income tax	81.9	103	142	172	105	81.3	123	134	138	84.9	-177	278
Net income	477	541	449	446	531	507	516	448	335	737	1,129	537
Net income to common shareholders	477	541	449	446	531	507	516	448	335	737	1,129	537
Basic EPS	0.47	0.54	0.44	0.43	0.50	0.47	0.47	0.40	0.29	0.64	0.96	0.46
Diluted EPS	0.47	0.54	0.44	0.43	0.50	0.47	0.47	0.40	0.29	0.64	0.96	0.46
Average shares (basic)	1,010	1,010	1,020	1,048	1,069	1,077	1,098	1,112	1,138	1,160	1,176	1,181
Average shares (diluted)	1,010	1,010	1,020	1,048	1,069	1,077	1,098	1,112	1,138	1,160	1,176	1,181
Dividend per share	0.59	—	0.60	—	0.29	—	0.56	—	0.27	—	0.40	—