What is TENARIS SA's earnings per share (EPS)?

TENARIS SA (TNRSF) reported diluted earnings per share of $1.83 for fiscal year 2025. This represents a 1.1% 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 SA (TNRSF) Financials

TNRSF

FY2025 annual

Revenue $12.0B -4.3% YoY

Net Income $2.0B -5.0% YoY

EPS (Diluted) $1.83 +1.1% YoY

Operating Cash Flow $2.6B -9.3% YoY

Market Cap $29.2B as of Sep 11, 2026

Price / Sales 2.4x on $12.0B revenue, FY2025

Price / Earnings 14.8x on $2.0B net income, FY2025

Price / Book 1.7x on $16.8B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 31, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TNRSF SEC filings page.

TENARIS SA (TNRSF) reported $12.0B in revenue for fiscal year 2025, down 4.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI TNRSF FY2025 2026-09-05

Tenaris’s dominant mechanic is high cash conversion with minimal borrowing, allowing operating cash to fund substantial shareholder distributions.

FY2025 revenue softened, yet the net margin stayed almost unchanged from FY2024; that pairing points to a smaller earnings base rather than broad deterioration in reported profitability. Operating cash flow exceeded net income in both periods, indicating that reported earnings were converting into cash rather than remaining primarily an accounting result.

The company’s financing structure is lightly debt-dependent: FY2025 long-term debt was $94.9M against $3.2B of total liabilities. A 3.9x current ratio further indicates that near-term obligations are supported by substantial short-term assets rather than refinancing dependence.

Operating cash flow of $2.6B nearly funded the $2.3B combined outlay on dividends and buybacks in FY2025, while investing cash flow was a $193M outflow. The current cash engine is therefore directed more toward shareholder distributions than reported reinvestment, although investing cash flow is not the same as capital expenditure.

Financial Health Signals

Financial health score not available

TENARIS SA does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/8

TENARIS SA passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.32x

For every $1 of reported earnings, TENARIS SA generates $1.32 in operating cash flow ($2.6B OCF vs $2.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$572.6M

YoY-15.2%

QoQ-15.2%

TENARIS SA held $572.6M in cash against $94.9M in long-term debt as of Q4 2025, with $2.3B of liabilities due within a year.

Shares Outstanding

1.07B

YoY-7.8%

QoQ-7.8%

TENARIS SA had 1.07B shares outstanding in Q4 2025. This represents a decrease of 7.8% from the same quarter a year earlier. Against the prior quarter it is down 7.8%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

TNRSF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TNRSF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$12.0B-4.3%	$12.5B-15.8%	$14.9B+26.4%	$11.8B+80.4%	$6.5B+26.7%	$5.1B-29.4%	$7.3B-4.8%	$7.7B+44.8%	$5.3B+23.2%	$4.3B-37.8%	$6.9B
Interest Expense	$46.9M-23.3%	$61.2M-42.7%	$106.9M+132.6%	$45.9M+94.0%	$23.7M-12.4%	$27.0M-37.7%	$43.4M+17.4%	$36.9M+36.5%	$27.1M+21.2%	$22.3M-3.2%	$23.1M
Income Tax	$500.6M+4.4%	$479.7M-28.9%	$675.0M+9.4%	$617.2M+225.8%	$189.4M+718.3%	$23.1M-88.6%	$202.5M-11.7%	$229.2M+1437.6%	-$17.1M-200.2%	$17.1M-92.7%	$234.4M
Net Income	$2.0B-5.0%	$2.1B-47.5%	$4.0B+55.3%	$2.5B+142.0%	$1.1B+264.0%	-$642.4M-187.9%	$731.3M-16.3%	$873.9M+62.9%	$536.4M+813.2%	$58.7M+178.9%	-$74.4M
EPS (Basic)	$1.83+1.1%	$1.81-45.5%	$3.32+53.7%	$2.16+132.3%	$0.93	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$1.83+1.1%	$1.81-45.5%	$3.32+53.7%	$2.16+132.3%	$0.93	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

TNRSF Balance Sheet

TNRSF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$20.1B-1.8%	$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+2.8%	$14.0B	N/A
Current Assets	$9.1B-1.8%	$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+11.7%	$4.8B	N/A
Cash & Equivalents	$572.6M-15.2%	$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-17.4%	$399.7M	N/A
Inventory	$3.6B-2.9%	$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+51.4%	$1.6B-15.2%	$1.8B
Goodwill	$1.4B0.0%	$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-30.6%	$1.9B	N/A
Total Liabilities	$3.2B-10.8%	$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+8.8%	$2.6B	N/A
Current Liabilities	$2.3B-11.0%	$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+20.9%	$1.7B	N/A
Non-Current Liabilities	$896.9M-10.3%	$999.6M-13.0%	$1.1B+58.0%	$727.4M-7.2%	$784.1M-28.9%	$1.1B+25.9%	$876.2M+33.3%	$657.4M-11.9%	$746.3M-13.1%	$859.1M	N/A
Long-Term Debt	$94.9M-5.5%	$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+15.0%	$840.2M	N/A
Total Equity	$16.8B+0.1%	$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+1.5%	$11.4B-3.8%	$11.9B

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Total Assets	$20.1B-1.8%	$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%
Current Assets	$9.1B-1.8%	$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%
Cash & Equivalents	$572.6M-15.2%	$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%
Inventory	$3.6B-2.9%	$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%
Goodwill	$1.4B0.0%	$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%
Total Liabilities	$3.2B-10.8%	$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%
Current Liabilities	$2.3B-11.0%	$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%
Non-Current Liabilities	$896.9M-10.3%	$999.6M-13.0%	$1.1B+58.0%	$727.4M-7.2%	$784.1M-28.9%	$1.1B+25.9%	$876.2M+33.3%	$657.4M-11.9%
Long-Term Debt	$94.9M-5.5%	$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%
Total Equity	$16.8B+0.1%	$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%

Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Retained Earnings.

TNRSF Cash Flow Statement

TNRSF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$2.6B-9.3%	$2.9B-34.8%	$4.4B+276.5%	$1.2B+880.2%	$119.1M-92.2%	$1.5B-0.5%	$1.5B+150.2%	$610.8M+2873.2%	-$22.0M-102.6%	$863.6M-61.0%	$2.2B
Depreciation & Amortization	$616.2M-2.6%	$632.9M+15.4%	$548.5M-9.7%	$607.7M+2.2%	$594.7M-12.4%	$678.8M+25.8%	$539.5M-18.8%	$664.4M+9.2%	$608.6M-8.1%	$662.4M+0.6%	$658.8M
Investing Cash Flow	-$192.6M+86.2%	-$1.4B+48.0%	-$2.7B-1542.6%	-$163.6M-161.1%	$267.9M+112.8%	-$2.1B-5079.9%	-$40.4M-110.1%	$399.1M+14.3%	$349.1M+455.0%	-$98.3M+94.5%	-$1.8B
Financing Cash Flow	-$2.5B-3.3%	-$2.4B-113.3%	-$1.1B-530.8%	-$178.3M+72.5%	-$648.0M-72.6%	-$375.3M-6.1%	-$353.8M+60.7%	-$900.4M-124.3%	-$401.4M+38.5%	-$652.6M-22.0%	-$535.0M
Dividends Paid	$900.4M+18.8%	$757.8M+19.1%	$636.5M+19.8%	$531.2M+66.7%	$318.7M+285.7%	$82.6M-82.9%	$484.0M0.0%	$484.0M0.0%	$484.0M-4.7%	$507.6M-4.4%	$531.2M
Share Buybacks	$1.4B-5.7%	$1.4B+574.6%	$213.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TNRSF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TNRSF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Net Margin	16.5%-0.1pp	16.6%-10.0pp	26.6%+4.9pp	21.7%+5.5pp	16.2%+28.6pp	-12.5%-22.5pp	10.0%-1.4pp	11.4%+1.3pp	10.1%+8.8pp	1.4%+2.5pp	-1.1%
Return on Equity	11.7%-0.6pp	12.3%-10.9pp	23.2%+5.1pp	18.2%+9.5pp	8.7%+14.3pp	-5.6%-11.6pp	6.0%-1.4pp	7.4%+2.7pp	4.6%+4.1pp	0.5%+1.1pp	-0.6%
Return on Assets	9.8%-0.3pp	10.2%-8.6pp	18.8%+4.3pp	14.5%+7.2pp	7.3%+12.0pp	-4.7%-9.6pp	4.9%-1.2pp	6.1%+2.4pp	3.7%+3.3pp	0.4%	N/A
Current Ratio	3.87+0.4x	3.50-0.1x	3.62+0.6x	3.04-0.2x	3.19-0.5x	3.68+0.5x	3.180.0x	3.18+0.6x	2.60-0.2x	2.81	N/A
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.020.0x	0.020.0x	0.050.0x	0.080.0x	0.07	N/A
Asset Turnover	0.600.0x	0.61-0.1x	0.710.0x	0.67+0.2x	0.45+0.1x	0.38-0.1x	0.490.0x	0.54+0.2x	0.37+0.1x	0.31	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	3.87+0.4x	3.50-0.1x	3.62+0.6x	3.04-0.2x	3.19-0.5x	3.68+0.5x	3.180.0x	3.18+0.6x
Debt-to-Equity	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.020.0x	0.020.0x	0.050.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where TENARIS SA Ranks

Frequently Asked Questions

What is TENARIS SA's annual revenue?

TENARIS SA (TNRSF) reported $12.0B in total revenue for fiscal year 2025. This represents a -4.3% 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 SA's revenue growing?

TENARIS SA (TNRSF) revenue declined by 4.3% year-over-year, from $12.5B to $12.0B in fiscal year 2025.

Is TENARIS SA profitable?

Yes, TENARIS SA (TNRSF) reported a net income of $2.0B in fiscal year 2025, with a net profit margin of 16.5%.

How much debt does TENARIS SA have?

As of fiscal year 2025, TENARIS SA (TNRSF) had $572.6M in cash and equivalents against $94.9M in long-term debt.

What is TENARIS SA's net profit margin?

TENARIS SA (TNRSF) had a net profit margin of 16.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is TENARIS SA's return on equity (ROE)?

TENARIS SA (TNRSF) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TENARIS SA's operating cash flow?

TENARIS SA (TNRSF) generated $2.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TENARIS SA's total assets?

TENARIS SA (TNRSF) had $20.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does TENARIS SA buy back shares?

Yes, TENARIS SA (TNRSF) spent $1.4B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does TENARIS SA have outstanding?

TENARIS SA (TNRSF) had 1.07B shares outstanding as of fiscal year 2025.

What is TENARIS SA's current ratio?

TENARIS SA (TNRSF) had a current ratio of 3.87 as of fiscal year 2025, which is generally considered healthy.

What is TENARIS SA's debt-to-equity ratio?

TENARIS SA (TNRSF) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TENARIS SA's return on assets (ROA)?

TENARIS SA (TNRSF) had a return on assets of 9.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TENARIS SA's P/E ratio?

TENARIS SA (TNRSF) trades at 14.8x earnings, its market capitalization divided by net income of $2.0B net income, FY2025. The market capitalization is $29.2B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TENARIS SA's price-to-sales ratio?

TENARIS SA (TNRSF) trades at 2.4x sales, its market capitalization divided by revenue of $12.0B revenue, FY2025. The market capitalization is $29.2B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is TENARIS SA's Piotroski F-Score?

TENARIS SA (TNRSF) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TENARIS SA's earnings high quality?

TENARIS SA (TNRSF) has an earnings quality ratio of 1.32x, 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.