Tenaris S.A. (TS) — Financial statements
Income statement, balance sheet, and cash flow for Tenaris S.A. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 11,981↓4.3% | 12,524↓15.8% | 14,869↑26.4% | 11,763↑80.4% | 6,521 | |
| Cost of Revenue | 7,861↓3.4% | 8,135↓6.2% | 8,669↑22.3% | 7,088↑53.7% | 4,612 | |
| Gross Profit | 4,120↓6.1% | 4,388↓29.2% | 6,200↑32.6% | 4,675↑144.8% | 1,910 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 939↓5.8% | 996↑7.4% | 927↑23.0% | 754↑28.1% | 589 | |
| Selling & Marketing Expenses | 647↑3.7% | 624↓10.4% | 697↑8.6% | 642↑54.3% | 416 | |
| SG&A Expenses | 1,586↓2.1% | 1,620↓0.2% | 1,624↑16.3% | 1,396↑38.9% | 1,005 | |
| Other Expenses | 241↓31.0% | 349↑34.6% | 259↓17.8% | 316↑59.9% | 197 | |
| Operating Expenses | 1,827↓7.2% | 1,970↑4.6% | 1,884↑10.1% | 1,712↑42.4% | 1,202 | |
| Total Costs & Expenses | 9,688↓4.1% | 10,105↓4.2% | 10,552↑19.9% | 8,799↑51.4% | 5,814 | |
| Operating Results | ||||||
| Operating Income | 2,293↓5.2% | 2,419↓44.0% | 4,316↑45.7% | 2,963↑318.8% | 708 | |
| Depreciation & Amortization | 616↓2.6% | 633↑15.4% | 549↓9.7% | 608↑2.2% | 595 | |
| EBITDA | 3,137↓0.7% | 3,159↓40.3% | 5,288↑38.4% | 3,820↑105.2% | 1,861 | |
| EBIT | 2,521↓0.2% | 2,526↓46.7% | 4,740↑47.6% | 3,212↑153.6% | 1,266 | |
| Interest & Other Income | ||||||
| Net Interest Income | 181↑7.6% | 169↑312364.8% | -0.05↓100.1% | 40↑179.5% | 14 | |
| Interest Income | 228↓0.6% | 230↑115.2% | 107↑24.0% | 86↑126.3% | 38 | |
| Interest Expense | 47↓23.3% | 61↓42.7% | 107↑132.6% | 46↑94.0% | 24 | |
| Non-Operating Income | -227↓112.5% | -107↑74.7% | -423↓70.2% | -249↑55.5% | -559 | |
| Other Income / Expenses | 180↑31.1% | 138↓56.5% | 316↑56.1% | 203↓62.1% | 535 | |
| Income Before Tax | 2,474↓3.2% | 2,556↓44.8% | 4,633↑46.3% | 3,166↑154.7% | 1,243 | |
| Income Tax Expense | 501↑4.4% | 480↓28.9% | 675↑9.4% | 617↑225.8% | 189 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,973↓5.0% | 2,077↓47.5% | 3,958↑55.3% | 2,549↑142.0% | 1,053 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,933↓5.1% | 2,036↓48.0% | 3,918↑53.5% | 2,553↑132.1% | 1,100 | |
| Bottom-Line Net Income | 1,933↓5.1% | 2,036↓48.0% | 3,918↑53.5% | 2,553↑132.1% | 1,100 | |
| EPS (Basic) | 3.72↓48.6% | 7.24↑8.7% | 6.66↑54.2% | 4.32↑132.3% | 1.86 | |
| EPS (Diluted) | 3.72↓48.6% | 7.24↑8.7% | 6.66↑54.2% | 4.32↑132.3% | 1.86 | |
| Weighted Average Shares | 520↓7.6% | 563↓4.5% | 589↓0.2% | 590↑0.0% | 590 | |
| Weighted Average Diluted Shares | 520↓7.6% | 563↓4.5% | 589↓0.2% | 590↑0.0% | 590 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.