Tenaris Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	11,981	12,524	14,869	11,763	6,521
Revenue Growth (YoY)	-4.33%	-15.77%	26.41%	80.37%	26.71%
Cost of Revenue	7,861	8,135	8,669	7,088	4,612
Gross Profit	4,120	4,388	6,200	4,675	1,910
Selling, General & Admin	1,828	1,905	1,919	1,635	1,207
Other Operating Expenses	8.7	64.77	-35.77	76.94	63.77
Total Operating Expenses	1,837	1,970	1,884	1,712	1,270
Operating Income	2,283	2,419	4,316	2,963	639.26
Interest Income	310.28	250.87	308.88	288.72	-
Interest Expense	-46.93	-61.21	-106.86	-45.94	-23.68
Other Non-Operating Income (Expense)	-72.66	-52.05	114.37	-40.12	8.3
Total Non-Operating Income (Expense)	190.68	137.6	316.38	202.66	-15.38
Pretax Income	2,474	2,556	4,633	3,166	623.88
Provision for Income Taxes	500.62	479.68	674.96	617.24	189.45
Net Income	1,933	2,036	3,918	2,553	481.31
Minority Interest in Earnings	40.47	40.33	39.77	-4.58	-46.87
Net Income to Common	1,933	2,036	3,918	2,553	481.31
Net Income Growth	-5.09%	-48.02%	53.45%	430.49%	-
Shares Outstanding (Basic)	528	564	589	590	590
Shares Outstanding (Diluted)	528	564	589	590	590
Shares Change (YoY)	-6.35%	-4.36%	-0.14%	-	-
EPS (Basic)	3.66	3.62	6.64	4.32	1.86
EPS (Diluted)	3.66	3.62	6.64	4.32	1.86
EPS Growth	1.10%	-45.48%	53.70%	132.26%	-
Free Cash Flow	1,982	2,172	3,776	788.77	-120.44
Free Cash Flow Growth	-8.74%	-42.47%	378.67%	-	-
Free Cash Flow Per Share	3.75	3.85	6.41	1.34	-0.20
Dividends Per Share	0.890	0.830	0.600	0.510	0.410
Dividend Growth	7.23%	38.33%	17.65%	24.39%	95.24%
Gross Margin	34.39%	35.04%	41.70%	39.74%	29.28%
Operating Margin	19.06%	19.31%	29.03%	25.19%	9.80%
Profit Margin	16.47%	16.58%	26.62%	21.67%	6.66%
FCF Margin	16.55%	17.34%	25.39%	6.71%	-1.85%
EBITDA	2,899	3,052	4,865	3,571	1,234
EBITDA Margin	24.20%	24.37%	32.72%	30.36%	18.92%
EBIT	2,283	2,419	4,316	2,963	639.26
EBIT Margin	19.06%	19.31%	29.03%	25.19%	9.80%
Effective Tax Rate	20.24%	18.76%	14.57%	19.50%	30.37%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q