Tenaris S.A.
TS
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Tenaris operates in a competitive industry with strong demand for oil and gas equipment, positioning itself well for future growth.
- In Q2 2026, Tenaris reported a revenue of $2.97 billion, showing resilience despite a 4% decrease from the previous quarter.
- The company has a strong operating margin of 16.65% in Q2 2026, indicating effective cost management.
- The oil and gas equipment sector is subject to cyclical downturns, which can impact Tenaris's revenue stability.
- Tenaris experienced a revenue decline of 4% compared to the prior quarter, indicating potential challenges in maintaining sales momentum.
- The company's earnings growth has been negative at -4.9%, suggesting difficulties in profitability improvement.
Fundamentals
| Market cap | $28.57B | Enterprise value | $55.06B | Trailing P/E | 15.09 | Forward P/E | 13.56 |
| PEG | 3.15 | Price / book | 3.37 | Beta | 0.48 | Dividend yield | 3.15% |
| Revenue growth | -3.9% | Earnings growth | -4.9% | Gross margin | 38.5% | Operating margin | 16.7% |
| Profit margin | 15.9% | ROE | 11.6% | ROA | 6.8% | Debt / equity | 0.03 |
| Current ratio | 4.07 | Free cash flow | $865.10M | Analyst recommendation | buy | Mean target | $64.79 |
| 52w high | $64.60 | 52w low | $33.65 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.0B | $3.0B | $3.1B | — |
| Op margin | 16.7% | 18.9% | 18.8% | 20.0% | 18.9% | — |
| Net income | $477M | $541M | $449M | $446M | $531M | — |
| Gross margin | 33.2% | 33.9% | 33.9% | 34.7% | 34.7% | — |
| Gross profit | $985M | $1.1B | $1.0B | $1.0B | $1.1B | — |
| Operating income | $494M | $587M | $564M | $597M | $583M | — |
- Revenue -4% vs prior quarter ($3.0B vs $3.1B).
- Gross margin 33.2% (was 33.9% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $12.0B | $12.5B | $14.9B | $11.8B | — |
| Op margin | 19.1% | 20.1% | 28.7% | 25.9% | — |
| Net income | $1.9B | $2.0B | $3.9B | $2.6B | — |
| Gross margin | 34.4% | 35.0% | 41.7% | 39.7% | — |
| Gross profit | $4.1B | $4.4B | $6.2B | $4.7B | — |
| Operating income | $2.3B | $2.5B | $4.3B | $3.0B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-09-24 · Perma-Pipe Trades at a Discount: Should You Buy, Sell or Hold?
2026-09-09 · Tenaris (TEN) Reports Q2: Everything You Need To Know Ahead Of Earnings
2026-09-02 · Tenaris (TS) Rides Rising Drilling Demand Even As Hormuz Cuts Into Sales
2026-08-20 · Morgan Stanley Adjusts Price Target on Tenaris to $60 From $65, Keeps Equalweight Rating
2026-08-09 · Tenaris Q2 Earnings Call Highlights
2026-08-06 · Tenaris SA (TS) (Q2 2026) Earnings Call Highlights: Resilient Performance Amid Middle East ...
2026-08-06 · Compared to Estimates, Tenaris (TS) Q2 Earnings: A Look at Key Metrics
2026-08-05 · Tenaris Q2 Earnings, Revenue Fall
2026-08-05 · Tenaris Announces 2026 Second Quarter Results
2026-08-05 · Earnings To Watch: Tenaris SA (MIL:TEN) Q2 2026 -- GF Value Sees 35% Downside
2026-08-04 · Earnings To Watch: Tenaris SA (MIL:TEN) Q2 2026 -- GF Value Sees 35% Downside
Price (daily)
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