What is Tenaris's earnings per share (EPS)?

Tenaris (TNRSF) reported diluted earnings per share of $1.81 for fiscal year 2024. This represents a -45.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tenaris Financials

TNRSF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Tenaris (TNRSF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Tenaris's revenue declined 15.8% year-over-year, from $14.9B to $12.5B. This contraction results in a growth score of 7/100.

Leverage

100

Tenaris carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.50, Tenaris holds $3.50 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Returns

Tenaris's ROE of 12.3% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 23.2% the prior year.

Piotroski F-Score Neutral

4/9

Tenaris passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.38x

For every $1 of reported earnings, Tenaris generates $1.38 in operating cash flow ($2.9B OCF vs $2.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$12.5B

YoY-15.8%

5Y CAGR+11.4%

Tenaris generated $12.5B in revenue in fiscal year 2024. This represents a decrease of 15.8% from the prior year.

EBITDA

N/A

Net Income

$2.1B

YoY-47.5%

5Y CAGR+23.2%

Tenaris reported $2.1B in net income in fiscal year 2024. This represents a decrease of 47.5% from the prior year.

EPS (Diluted)

$1.81

YoY-45.5%

Tenaris earned $1.81 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 45.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$675.3M

YoY-58.8%

5Y CAGR-15.4%

Tenaris held $675.3M in cash against $100.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

1.16B

YoY-1.5%

5Y CAGR-0.3%

Tenaris had 1.16B shares outstanding in fiscal year 2024. This represents a decrease of 1.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

16.6%

YoY-10.0pp

5Y CAGR+6.6pp

Tenaris's net profit margin was 16.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 10.0 percentage points from the prior year.

Return on Equity

12.3%

YoY-10.9pp

5Y CAGR+6.3pp

Tenaris's ROE was 12.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 10.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.4B

YoY+574.6%

Tenaris spent $1.4B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 574.6% from the prior year.

Capital Expenditures

N/A

TNRSF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$12.5B-15.8%	$14.9B+26.4%	$11.8B+80.4%	$6.5B+26.7%	$5.1B-29.4%	$7.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$129.1M+3695.8%	$3.4M-2.9%	$3.5M+40.0%	$2.5M+103.8%	-$65.0M-437.1%	$19.3M
Income Tax	$479.7M-28.9%	$675.0M+9.4%	$617.2M+225.8%	$189.4M+718.3%	$23.1M-88.6%	$202.5M
Net Income	$2.1B-47.5%	$4.0B+55.3%	$2.5B+142.0%	$1.1B+264.0%	-$642.4M-187.9%	$731.3M
EPS (Diluted)	$1.81-45.5%	$3.32+53.7%	$2.16+132.3%	$0.93	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TNRSF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$20.5B-3.0%	$21.1B+20.1%	$17.6B+21.5%	$14.4B+5.3%	$13.7B-7.6%	$14.8B
Current Assets	$9.2B-12.1%	$10.5B+24.0%	$8.5B+70.0%	$5.0B+16.2%	$4.3B-24.4%	$5.7B
Cash & Equivalents	$675.3M-58.8%	$1.6B+50.0%	$1.1B+243.1%	$318.1M-45.6%	$584.7M-62.4%	$1.6B
Inventory	$3.7B-5.4%	$3.9B-1.7%	$4.0B+49.2%	$2.7B+63.3%	$1.6B-27.8%	$2.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.4B+23.0%	$1.1B+1.8%	$1.1B0.0%	$1.1B-0.1%	$1.1B-17.7%	$1.3B
Total Liabilities	$3.6B-10.2%	$4.1B+15.2%	$3.5B+50.0%	$2.3B+3.3%	$2.3B-14.6%	$2.7B
Current Liabilities	$2.6B-9.1%	$2.9B+4.1%	$2.8B+78.8%	$1.6B+33.7%	$1.2B-34.5%	$1.8B
Long-Term Debt	$100.4M+4.0%	$96.6M+15.5%	$83.6M+1.1%	$82.7M-61.3%	$213.8M+11.2%	$192.3M
Total Equity	$16.8B-1.3%	$17.0B+21.3%	$14.0B+15.9%	$12.1B+5.8%	$11.4B-6.1%	$12.2B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$20.5B-3.0%	$21.1B+20.1%	$17.6B+21.5%	$14.4B+5.3%	$13.7B-7.6%	$14.8B+4.2%	$14.3B-1.0%	$14.4B
Current Assets	$9.2B-12.1%	$10.5B+24.0%	$8.5B+70.0%	$5.0B+16.2%	$4.3B-24.4%	$5.7B+3.8%	$5.5B+1.5%	$5.4B
Cash & Equivalents	$675.3M-58.8%	$1.6B+50.0%	$1.1B+243.1%	$318.1M-45.6%	$584.7M-62.4%	$1.6B+262.8%	$428.4M+29.7%	$330.2M
Inventory	$3.7B-5.4%	$3.9B-1.7%	$4.0B+49.2%	$2.7B+63.3%	$1.6B-27.8%	$2.3B-10.2%	$2.5B+6.6%	$2.4B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.4B+23.0%	$1.1B+1.8%	$1.1B0.0%	$1.1B-0.1%	$1.1B-17.7%	$1.3B+2.5%	$1.3B-0.3%	$1.3B
Total Liabilities	$3.6B-10.2%	$4.1B+15.2%	$3.5B+50.0%	$2.3B+3.3%	$2.3B-14.6%	$2.7B+11.8%	$2.4B-15.7%	$2.8B
Current Liabilities	$2.6B-9.1%	$2.9B+4.1%	$2.8B+78.8%	$1.6B+33.7%	$1.2B-34.5%	$1.8B+3.6%	$1.7B-17.0%	$2.1B
Long-Term Debt	$100.4M+4.0%	$96.6M+15.5%	$83.6M+1.1%	$82.7M-61.3%	$213.8M+11.2%	$192.3M-64.3%	$539.0M-44.2%	$965.9M
Total Equity	$16.8B-1.3%	$17.0B+21.3%	$14.0B+15.9%	$12.1B+5.8%	$11.4B-6.1%	$12.2B+2.6%	$11.9B+2.5%	$11.6B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TNRSF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.9B-34.8%	$4.4B+276.5%	$1.2B+880.2%	$119.1M-92.2%	$1.5B-0.5%	$1.5B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.4B+48.0%	-$2.7B-1542.6%	-$163.6M-161.1%	$267.9M+112.8%	-$2.1B-5079.9%	-$40.4M
Financing Cash Flow	-$2.4B-113.3%	-$1.1B-530.8%	-$178.3M+72.5%	-$648.0M-72.6%	-$375.3M-6.1%	-$353.8M
Dividends Paid	$757.8M+19.1%	$636.5M+19.8%	$531.2M+66.7%	$318.7M+285.7%	$82.6M-82.9%	$484.0M
Share Buybacks	$1.4B+574.6%	$213.7M	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TNRSF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	16.6%-10.0pp	26.6%+4.9pp	21.7%+5.5pp	16.2%+28.6pp	-12.5%-22.5pp	10.0%
Return on Equity	12.3%-10.9pp	23.2%+5.1pp	18.2%+9.5pp	8.7%+14.3pp	-5.6%-11.6pp	6.0%
Return on Assets	10.2%-8.6pp	18.8%+4.3pp	14.5%+7.2pp	7.3%+12.0pp	-4.7%-9.6pp	4.9%
Current Ratio	3.50-0.1	3.62+0.6	3.04-0.2	3.19-0.5	3.68+0.5	3.18
Debt-to-Equity	0.010.0	0.010.0	0.010.0	0.01-0.0	0.020.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.50-0.1	3.62+0.6	3.04-0.2	3.19-0.5	3.68+0.5	3.180.0	3.18+0.6	2.60
Debt-to-Equity	0.010.0	0.010.0	0.010.0	0.01-0.0	0.020.0	0.02-0.0	0.05-0.0	0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Tenaris's annual revenue?

Tenaris (TNRSF) reported $12.5B in total revenue for fiscal year 2024. This represents a -15.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Tenaris's revenue growing?

Tenaris (TNRSF) revenue declined by 15.8% year-over-year, from $14.9B to $12.5B in fiscal year 2024.

Is Tenaris profitable?

Yes, Tenaris (TNRSF) reported a net income of $2.1B in fiscal year 2024, with a net profit margin of 16.6%.

How much debt does Tenaris have?

As of fiscal year 2024, Tenaris (TNRSF) had $675.3M in cash and equivalents against $100.4M in long-term debt.

What is Tenaris's net profit margin?

Tenaris (TNRSF) had a net profit margin of 16.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Tenaris's return on equity (ROE)?

Tenaris (TNRSF) has a return on equity of 12.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Tenaris's operating cash flow?

Tenaris (TNRSF) generated $2.9B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Tenaris's total assets?

Tenaris (TNRSF) had $20.5B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Tenaris buy back shares?

Yes, Tenaris (TNRSF) spent $1.4B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Tenaris have outstanding?

Tenaris (TNRSF) had 1.16B shares outstanding as of fiscal year 2024.

What is Tenaris's current ratio?

Tenaris (TNRSF) had a current ratio of 3.50 as of fiscal year 2024, which is generally considered healthy.

What is Tenaris's debt-to-equity ratio?

Tenaris (TNRSF) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tenaris's return on assets (ROA)?

Tenaris (TNRSF) had a return on assets of 10.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Tenaris's Piotroski F-Score?

Tenaris (TNRSF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tenaris's earnings high quality?

Tenaris (TNRSF) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Tenaris?

Tenaris (TNRSF) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.