Tenaris revenue and financials

TS · NYSE · USD

$57.10−2.33%−$1.37

Close · October 6, 2026

In the fiscal year ended December 2025, Tenaris reported revenue of $11.98B (−4.33% year over year). Net income was $1.93B, a net margin of 16.1%.

Annual revenue · 2025: $11.98B

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	11,981	12,524	14,869	11,763	6,521	5,147	7,294	7,659	5,289	4,294
Cost of revenue	7,861	8,135	8,669	7,088	4,612	4,087	5,107	5,279	3,685	3,166
Gross profit	4,120	4,388	6,200	4,675	1,910	1,059	2,187	2,379	1,603	1,128
Selling, general and administrative	1,710	1,752	1,749	1,513	1,128	—	—	—	—	—
Research and development	64.2	74.2	60.0	50.7	45.3	41.8	61.1	63.4	63.7	68.6
Operating income	2,283	2,419	4,316	2,963	708	-663	832	872	335	-59.1
EBIT	2,266	2,513	4,268	2,969	722	—	—	—	—	—
EBITDA	2,789	3,054	4,766	3,527	1,266	—	—	—	—	—
Interest expense	46.9	61.2	107	45.9	23.7	27.0	43.4	36.9	27.1	22.3
Pre-tax income	2,474	2,556	4,633	3,166	1,243	—	—	—	—	—
Income tax	501	480	675	617	189	23.2	202	229	-17.1	17.1
Net income	1,933	2,036	3,918	2,553	1,100	-634	743	876	545	55.3
Net income to common shareholders	1,933	2,036	3,918	2,553	1,100	—	—	—	—	—
Basic EPS	1.83	1.81	3.32	2.16	0.93	—	—	—	—	—
Diluted EPS	1.83	1.81	3.32	2.16	0.93	—	—	—	—	—
Average shares (basic)	1,056	1,127	1,179	1,181	1,181	—	—	—	—	—
Average shares (diluted)	1,056	1,127	1,179	1,181	1,181	—	—	—	—	—
Dividend per share	0.89	0.83	0.60	0.51	0.41	—	—	—	—	—