TGS revenue and financials
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In the fiscal year ended December 2025, TGS reported revenue of $1.53B (+15.83% year over year). Net income was $18.3M, a net margin of 1.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.83%
- 2025 vs 2024
- Net income growth
- −80.57%
- 2025 vs 2024
- Net margin
- 1.2%
- 2024: 7.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 1,527 | 1,318 | 794 | 717 | — |
| Cost of revenue | 993 | 817 | 540 | 425 | — |
| Gross profit | 534 | 502 | 254 | 292 | — |
| Operating income | 187 | 200 | 60.9 | 151 | — |
| EBIT | 176 | 183 | 62.5 | 134 | — |
| EBITDA | 889 | 682 | 393 | 541 | — |
| Interest expense | 77.5 | 35.6 | 10.6 | 5.3 | — |
| Pre-tax income | 98.1 | 148 | 51.9 | 129 | — |
| Income tax | 79.8 | 53.3 | 30.2 | 40.9 | — |
| Net income | 18.3 | 94.2 | 21.6 | 87.8 | — |
| Net income to common shareholders | 18.3 | 94.2 | 21.6 | 87.8 | — |
| Basic EPS | 0.09 | 0.58 | 0.17 | 0.75 | — |
| Diluted EPS | 0.09 | 0.57 | 0.17 | 0.74 | — |
| Average shares (basic) | 196 | 164 | 126 | 118 | — |
| Average shares (diluted) | 199 | 165 | 127 | 119 | — |
