Tenaris Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	11,769	12,524	14,869	11,763	6,521	5,147	Upgrade
Revenue Growth (YoY)	-12.28%	-15.77%	26.41%	80.37%	26.71%	-29.44%	Upgrade
Cost of Revenue	7,610	8,011	8,397	6,893	4,571	4,042	Upgrade
Gross Profit	4,159	4,513	6,472	4,870	1,950	1,105	Upgrade
Selling, General & Admin	1,707	1,751	1,748	1,513	1,128	1,056	Upgrade
Other Operating Expenses	303.45	261.25	444.22	387.61	100.51	97.42	Upgrade
Operating Expenses	2,011	2,012	2,192	1,901	1,228	1,153	Upgrade
Operating Income	2,148	2,501	4,280	2,969	722.22	-48.83	Upgrade
Interest Expense	-46.36	-61.21	-201.56	-75.74	-23.68	-27.01	Upgrade
Interest & Investment Income	236.41	229.84	201.85	86.11	21.05	21.63	Upgrade
Earnings From Equity Investments	89.57	8.55	95.4	208.7	512.59	108.8	Upgrade
Currency Exchange Gain (Loss)	-7.57	48.67	210.29	61.24	9.32	-54.78	Upgrade
Other Non Operating Income (Expenses)	42.23	-16.72	-0.34	-0.31	-1.03	-1.59	Upgrade
EBT Excluding Unusual Items	2,462	2,710	4,586	3,249	1,240	-1.79	Upgrade
Merger & Restructuring Charges	-1.3	-1.3	-1.1	-	-	-	Upgrade
Impairment of Goodwill	-	-	-	-	-	-586	Upgrade
Gain (Loss) on Sale of Investments	22.85	12.48	11.62	-6.09	-	-3.24	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	6.8	-	Upgrade
Asset Writedown	-	-	-	-76.73	-57.08	-36.4	Upgrade
Legal Settlements	74.66	-89.62	-	-	52.57	8.16	Upgrade
Other Unusual Items	-84	-81.79	36.5	-	-	-	Upgrade
Pretax Income	2,481	2,556	4,633	3,166	1,243	-619.27	Upgrade
Income Tax Expense	443.36	479.68	674.96	617.24	189.45	23.15	Upgrade
Earnings From Continuing Operations	2,038	2,077	3,958	2,549	1,053	-642.42	Upgrade
Net Income to Company	2,038	2,077	3,958	2,549	1,053	-642.42	Upgrade
Minority Interest in Earnings	-35.36	-40.33	-39.77	4.58	46.87	8	Upgrade
Net Income	2,003	2,036	3,918	2,553	1,100	-634.42	Upgrade
Net Income to Common	2,003	2,036	3,918	2,553	1,100	-634.42	Upgrade
Net Income Growth	-26.88%	-48.02%	53.45%	132.08%	-	-	Upgrade
Shares Outstanding (Basic)	1,090	1,127	1,179	1,181	1,181	1,181	Upgrade
Shares Outstanding (Diluted)	1,090	1,127	1,179	1,181	1,181	1,181	Upgrade
Shares Change (YoY)	-6.32%	-4.36%	-0.14%	-	-	-	Upgrade
EPS (Basic)	1.84	1.81	3.32	2.16	0.93	-0.54	Upgrade
EPS (Diluted)	1.84	1.81	3.32	2.16	0.93	-0.54	Upgrade
EPS Growth	-21.95%	-45.66%	53.67%	132.08%	-	-	Upgrade
Free Cash Flow	1,923	2,220	3,824	769.87	-125.52	1,326	Upgrade
Free Cash Flow Per Share	1.76	1.97	3.24	0.65	-0.11	1.12	Upgrade
Dividend Per Share	0.560	0.830	0.600	0.510	0.410	0.210	Upgrade
Dividend Growth	-16.42%	38.33%	17.65%	24.39%	95.24%	61.54%	Upgrade
Gross Margin	35.34%	36.04%	43.53%	41.40%	29.91%	21.46%	Upgrade
Operating Margin	18.25%	19.97%	28.79%	25.24%	11.07%	-0.95%	Upgrade
Profit Margin	17.02%	16.26%	26.35%	21.71%	16.87%	-12.33%	Upgrade
Free Cash Flow Margin	16.34%	17.73%	25.72%	6.54%	-1.93%	25.76%	Upgrade
EBITDA	2,675	3,041	4,757	3,527	1,266	572.18	Upgrade
EBITDA Margin	22.73%	24.28%	31.99%	29.99%	19.41%	11.12%	Upgrade
D&A For EBITDA	526.96	540.29	476.95	558.5	543.29	621.02	Upgrade
EBIT	2,148	2,501	4,280	2,969	722.22	-48.83	Upgrade
EBIT Margin	18.25%	19.97%	28.79%	25.24%	11.07%	-0.95%	Upgrade
Effective Tax Rate	17.87%	18.76%	14.57%	19.50%	15.24%	-	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.