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Tenaris SA
(NYSE:TS)
Tenaris SA (TS) vs. SPDR S&P 500 ETF (SPY)
Tenaris SA Business Overview & Revenue Model
Tenaris SA Earnings Call Summary
Tenaris SA Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.81B | 12.52B | 14.87B | 11.76B | 6.52B | 5.15B |
| Gross Profit | 3.99B | 4.39B | 6.47B | 4.67B | 1.91B | 1.06B |
| EBITDA | 3.08B | 3.16B | 5.19B | 3.82B | 1.86B | 86.55M |
| Net Income | 2.01B | 2.04B | 3.92B | 2.55B | 1.10B | -642.42M |
Balance Sheet | ||||||
| Total Assets | 20.41B | 20.45B | 21.08B | 17.55B | 14.45B | 13.72B |
| Cash, Cash Equivalents and Short-Term Investments | 3.05B | 3.05B | 3.61B | 1.53B | 715.98M | 1.46B |
| Total Debt | 472.37M | 582.32M | 203.96M | 840.94M | 448.22M | 876.35M |
| Total Liabilities | 3.61B | 3.64B | 4.05B | 3.52B | 2.34B | 2.27B |
| Stockholders Equity | 16.58B | 16.59B | 16.84B | 13.91B | 11.96B | 11.26B |
Cash Flow | ||||||
| Free Cash Flow | 1.90B | 2.16B | 3.78B | 769.87M | -125.52M | 1.33B |
| Operating Cash Flow | 2.59B | 2.87B | 4.40B | 1.17B | 119.08M | 1.52B |
| Investing Cash Flow | -494.05M | -1.40B | -2.69B | -163.56M | 267.90M | -2.09B |
| Financing Cash Flow | -2.37B | -2.40B | -1.13B | -178.34M | -647.96M | -375.32M |
Tenaris SA Technical Analysis
Tenaris SA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $48.20B | 16.86 | 16.75% | 1.84% | 1.51% | 30.09% | |
79 Outperform | $15.42B | 18.30 | 28.72% | 0.53% | 11.73% | 45.70% | |
79 Outperform | $22.43B | 18.02 | 12.77% | 2.50% | -4.06% | -47.41% | |
75 Outperform | $19.00B | 9.94 | 12.06% | 4.64% | -12.06% | -21.43% | |
73 Outperform | $52.14B | 13.92 | 15.46% | 3.14% | -2.13% | -16.76% | |
70 Outperform | $5.23B | 11.57 | 7.31% | 3.68% | -1.21% | -54.44% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
Tenaris SA Corporate Events
Tenaris S.A. announced the completion of a share buyback as part of its USD1.2 billion program, repurchasing 658,084 ordinary shares for approximately USD11.79 million between September 29 and September 30, 2025. This move is part of the company’s strategy to manage its capital structure, and the repurchased shares will be held in treasury with plans for cancellation, potentially impacting shareholder value and market perception.
Tenaris S.A. has completed the first USD600 million tranche of its USD1.2 billion Share Buyback Program, which was announced on June 6, 2025. This tranche, running from June 9, 2025, to September 30, 2025, involved the purchase of 33,059,955 ordinary shares, representing 3.08% of its total issued share capital, for approximately USD600 million. The shares are currently held in treasury, with plans for cancellation in due course. This move reflects Tenaris’s strategic financial management, potentially impacting its market position and shareholder value.
On September 19, 2025, Tenaris S.A. announced that its controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., filed an amendment to Schedule 13D with the SEC. This filing was in response to Tenaris’s ongoing share buyback program, which led to a passive increase in San Faustin’s beneficial ownership. To manage their portfolio, San Faustin’s board authorized Techint Holdings to sell some of its Tenaris shares, ensuring their ownership does not drop below 67%. The timing and amount of these sales will depend on market conditions, with no assurance of completion. This move highlights Tenaris’s strategic financial management amid its share repurchase efforts.
Tenaris S.A. announced the completion of the first tranche of its USD1.2 billion Share Buyback Program, initially announced on June 6, 2025. Between September 15 and September 19, 2025, the company repurchased 179,100 ordinary shares for approximately USD3.2 million. As of September 19, 2025, Tenaris holds 29,678,298 ordinary shares in treasury, which is 2.77% of its total issued share capital. The company plans to cancel these treasury shares in due course, which could potentially impact its share value and market perception.
Tenaris S.A. announced the completion of the first tranche of its USD 1.2 billion Share Buyback Program, initiated on June 6, 2025. From August 4 to August 8, 2025, the company repurchased 3,813,885 ordinary shares for approximately USD 67.86 million. As of August 8, 2025, Tenaris held 26,534,450 ordinary shares in treasury, representing 2.48% of its total issued share capital, with plans to cancel these shares in due course.
Tenaris S.A. announced the completion of the first tranche of its USD 1.2 billion Share Buyback Program, which was initially announced on June 6, 2025. Between July 28 and August 1, 2025, the company repurchased 1,692,262 ordinary shares for a total of €26,477,016 (approximately USD 30,459,724). As of August 1, 2025, Tenaris held 22,720,565 ordinary shares in treasury, representing 2.12% of its total issued share capital. The company plans to cancel these treasury shares in due course, potentially impacting its share value and market positioning.
On July 30, 2025, Tenaris S.A. released its half-year report for 2025, detailing its financial performance and management’s insights for the first half of the year. The report, prepared in compliance with Luxembourg’s transparency laws, highlights the company’s adherence to International Financial Reporting Standards and includes unaudited consolidated financial statements. The report also discusses the company’s strategic focus on adapting to energy transitions and potential growth through acquisitions and joint ventures. This release provides stakeholders with a comprehensive view of Tenaris’s current financial health and strategic direction, emphasizing its commitment to maintaining a robust market position amid evolving industry dynamics.
On July 31, 2025, Tenaris S.A. held a conference call with investors and analysts to discuss its second quarter results, market conditions, and future outlook. The discussion, led by CEO Paolo Rocca and senior management, highlighted the company’s performance and strategic positioning within the steel pipe and oil and gas industries, providing insights into market trends and economic conditions impacting its operations.
Tenaris S.A. has released its consolidated condensed interim financial statements for the six-month period ending June 30, 2025. The report highlights a decrease in net sales compared to the previous year, with a total of $6,007,884 thousand in 2025, down from $6,763,221 thousand in 2024. Despite the decline in sales, the company achieved a net income of $1,059,570 thousand for the period, indicating a slight decrease from the $1,098,451 thousand reported in the same period last year. These financial results reflect the company’s ongoing challenges in maintaining sales growth amidst fluctuating market conditions.
Tenaris S.A. reported its financial results for the second quarter of 2025, showing a 6% increase in net sales compared to the first quarter, driven by higher North American OCTG prices. Despite a rise in sales costs, EBITDA and net income improved, maintaining stable margins. The company generated $538 million in free cash flow, which was used for dividends and share buybacks, resulting in a net cash position of $3.7 billion as of June 30, 2025. Looking ahead, Tenaris anticipates a moderate decline in sales for the second half of the year due to reduced drilling activity and increased tariff costs. The company expects U.S. OCTG imports to decrease and prices to rise following recent tariff hikes on steel imports.