The full income statement, balance sheet, and cash-flow statement for Tenaris S.A. American Depositary Shares (TS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
Source: TS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TS filings on SEC EDGAR → Not investment advice.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 12.0B YoY-4.3% | 12.5B YoY-15.8% | 14.9B YoY+26.4% | 11.8B YoY+80.4% | 6.52B YoY+26.7% | |
4.12B YoY-6.1% | 4.39B YoY-29.2% | 6.20B YoY+32.6% | 4.67B YoY+144.8% | 1.91B YoY+80.3% | ||
| Research & development | 64.2M YoY-13.5% | 74.2M YoY+23.7% | 60.0M YoY+18.3% | 50.7M YoY+11.9% | 45.3M YoY+8.4% | |
| Operating income | 2.28B YoY-5.6% | 2.42B YoY-44.0% | 4.32B YoY+45.7% | 2.96B YoY+318.8% | 708M YoY+206.7% | |
| Interest expense | 46.9M YoY-23.3% | 61.2M YoY-42.7% | 107M YoY+132.6% | 45.9M YoY+94.0% | 23.7M YoY-12.4% | |
| Pre-tax income | 2.47B YoY-3.2% | 2.56B YoY-44.8% | 4.63B YoY+46.3% | 3.17B YoY+154.7% | 1.24B YoY+300.7% | |
| Income tax | 501M YoY+4.4% | 480M YoY-28.9% | 675M YoY+9.4% | 617M YoY+225.8% | 189M YoY+718.3% | |
1.97B YoY-5.0% | 2.08B YoY-47.5% | 3.96B YoY+55.3% | 2.55B YoY+142.0% | 1.05B YoY+264.0% | ||
528M YoY-6.3% | 564M YoY-4.4% | 589M YoY-0.1% | 590M YoY+0.0% | 590M YoY+0.0% | ||
| Dividends per share | $1.74 YoY+32.4% | $1.31 YoY+18.3% | $1.11 YoY+21.0% | $0.92 YoY+68.2% | $0.55 YoY+266.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
9.07B YoY-1.8% | 9.24B YoY-12.1% | 10.5B YoY+24.0% | 8.47B YoY+70.0% | 4.98B YoY+16.2% | ||
20.1B YoY-1.8% | 20.5B YoY-3.0% | 21.1B YoY+20.1% | 17.6B YoY+21.5% | 14.4B YoY+5.3% | ||
| Total current liabilities | 2.35B YoY-11.0% | 2.64B YoY-9.1% | 2.90B YoY+4.1% | 2.79B YoY+78.8% | 1.56B YoY+33.7% | |
3.24B YoY-10.8% | 3.64B YoY-10.2% | 4.05B YoY+15.2% | 3.52B YoY+50.0% | 2.34B YoY+3.3% | ||
16.6B YoY+0.0% | 16.6B YoY-1.5% | 16.8B YoY+21.1% | 13.9B YoY+16.3% | 12.0B YoY+6.2% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
2.60B YoY-9.3% | 2.87B YoY-34.8% | 4.40B YoY+276.5% | 1.17B YoY+880.2% | 119M YoY-92.2% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 655M YoY-65.0% | 1.87B YoY+8.5% | 1.72B YoY+14.0% | 1.51B YoY+79.2% | 844M YoY+28.2% | |
| Long-term debt repaid | 773M YoY-61.4% | 2.00B YoY+3.5% | 1.93B YoY+76.5% | 1.09B YoY-2.4% | 1.12B YoY+25.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.36B YoY-5.7% | 1.44B YoY+574.6% | 214M | 0.00 | 0.00 | |
| Dividends paid | 932M YoY+22.0% | 764M YoY+16.5% | 655M YoY+21.0% | 542M YoY+68.2% | 322M YoY+266.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 41.2B YoY-6.2% | 43.9B YoY+7.1% | 41.0B YoY-1.1% | 41.5B YoY+68.6% | 24.6B YoY+30.8% | |
| P/E | 20.9× YoY-1.3% | 21.2× YoY+31.4% | 16.1× YoY-59.1% | 39.4× YoY+68.6% | 23.4× | |
| P/S | 3.4× YoY-1.9% | 3.5× YoY+0.6% | 3.5× YoY-45.2% | 6.4× YoY+68.6% | 3.8× YoY+3.2% | |
| P/B | 2.5× YoY-6.2% | 2.6× YoY-10.3% | 3.0× YoY-15.0% | 3.5× YoY+68.6% | 2.1× YoY+23.2% | |
4.8% YoY+1.3% | 4.7% YoY-23.9% | 6.2% YoY+144.8% | 2.5% YoY-40.7% | 4.3% | ||
4.5% YoY+30.1% | 3.5% YoY+8.8% | 3.2% YoY+22.4% | 2.6% YoY-0.2% | 2.6% YoY+180.1% | ||
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
