TS - NYSE

Tenaris S.A.

TS·NYSE

$64.02

+0.27%

EnergyOil & Gas Equipment & Services

Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. In addition, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.à r.l.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$34.35B

EPS3.7200

P/E Ratio17.21

Earnings Date08/05/2026

20.07B

Assets

-2%

3Y+14.0%

5Y+46.0%

10Y+43.0%

3.24B

Total Liabilities

-11%

3Y-8.0%

5Y+43.0%

10Y+25.0%

16.83B

Total Equity

3Y+20.0%

5Y+47.0%

10Y+47.0%

Tenaris S.A. Funding & Solvency Profile

TS · NYSE

Current Assets

Cash & Cash Equivalents572.65M

Net Receivables1.96B

Inventory3.60B

Other Current Assets635.31M

Total Current Assets9 B

Non-Current Assets

Property, Plant & Equipment6.35B

Goodwill & Intangible Assets1.36B

Long-Term Investments2.32B

Other Non-Current Assets973.38M

Total Non-Current Assets10 B

Total Assets

20.07B

Financial Health Analysis

Current Ratio

3.87x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.19x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

7 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

45% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Tenaris S.A. Balance Sheet

TS • NYSE

Tenaris S.A. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	572.6M	675.3M	1.6B	1.1B	318.1M	584.7M	1.6B	428.4M	330.2M	399.7M	286.5M	417.6M	614.5M	828.5M	823.7M	843.9M	1.5B	1.5B	962.5M	1.4B
Short-Term Investments	2.3B	2.4B	2B	438.4M	397.8M	872.5M	210.4M	487.7M	1.2B	1.6B	2.1B	1.8B	1.2B	666M	430.8M	676.2M	601.2M	0.0	87.5M	183.6M
Cash & Short-Term Investments	2.9B	3B	3.6B	1.5B	716M	1.5B	1.8B	916.1M	1.5B	2B	2.4B	2.3B	1.9B	1.5B	1.3B	1.5B	2.1B	1.5B	1.1B	1.6B
Net Receivables	2B	2.4B	2.5B	2.5B	1.6B	968.1M	1.3B	1.7B	1.2B	954.7M	1.1B	2B	2B	2.1B	2.2B	1.6B	1.5B	2.4B	2B	1.9B
Accounts Receivables	2B	1.9B	2.5B	2.5B	1.3B	968.1M	1.3B	1.7B	1.2B	954.7M	1.1B	2B	2B	2B	1.9B	1.4B	1.3B	2.1B	1.7B	1.6B
Other Receivables	0.0	525.8M	0.0	0.0	274.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	90.8M	294.7M	165.7M	119.7M	251.5M	222.4M	272.6M
Inventory	3.6B	3.7B	3.9B	4B	2.7B	1.6B	2.3B	2.5B	2.4B	1.6B	1.8B	2.8B	2.7B	3B	2.8B	2.5B	1.7B	3.1B	2.6B	2.4B
Prepaids	0.0	37.2M	49.6M	47.4M	17.7M	30.1M	117M	116.3M	112.3M	28.3M	201.6M	40.4M	180.1M	65.8M	115.4M	58.2M	55.5M	0.0	0.0	0.0
Other Current Assets	635.3M	7.5M	445.4M	410.3M	4.2M	195.6M	174.9M	170.1M	163.9M	388.8M	135.4M	356.7M	196.3M	17.9M	6M	270.9M	260.3M	247.5M	242.8M	202.7M
Total Current Assets	9.1B	9.2B	10.5B	8.5B	5B	4.3B	5.7B	5.5B	5.4B	5B	5.7B	7.4B	6.9B	7B	6.4B	6B	5.6B	7.3B	5.9B	6B
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	6.3B	6.3B	6.2B	5.7B	5.9B	6.4B	6.3B	6.1B	6.2B	6B	5.7B	5.2B	4.7B	4.4B	4.1B	3.8B	3.3B	3B	3.3B	2.9B
Goodwill	0.0	1.1B	1.1B	1.1B	1.1B	1.1B	1.3B	1.3B	1.3B	1.3B	1.3B	1.7B	1.8B	1.8B	1.8B	2.1B	1.8B	0.0	0.0	0.0
Intangible Assets	1.4B	267.7M	273.4M	247.5M	287.5M	343.1M	241.3M	177.6M	368.4M	570.2M	809.7M	1B	1.3B	1.4B	1.6B	1.4B	1.9B	3.8B	4.5B	2.8B
Goodwill & Intangible Assets	1.4B	1.4B	1.4B	1.3B	1.4B	1.4B	1.6B	1.5B	1.7B	1.9B	2.1B	2.8B	3.1B	3.2B	3.4B	3.6B	3.7B	3.8B	4.5B	2.8B
Long-Term Investments	2.3B	2.5B	2B	1.7B	1.7B	1.2B	904.9M	923.7M	790.2M	828.3M	907M	831.8M	915.3M	985.7M	672.8M	715.4M	636.7M	565.4M	0.0	0.0
Tax Assets	0.0	831.3M	0.0	208.9M	245.5M	205.6M	225.7M	181.6M	153.5M	144.6M	200.7M	268.3M	197.2M	214.2M	234.8M	210.5M	197.6M	390.3M	310.6M	291.6M
Other Non-Current Assets	973.4M	205.6M	975.6M	211.7M	213M	154.3M	157.1M	151.9M	183.3M	197M	220.6M	262.2M	152.1M	142.1M	133.3M	1.9B	101.6M	82.8M	1.3B	491M
Total Non-Current Assets	11B	11.2B	10.6B	9.1B	9.5B	9.4B	9.2B	8.8B	9B	9B	9.1B	9.3B	9B	9B	8.5B	8.4B	7.9B	7.8B	9.4B	6.6B
Total Assets	20.1B	20.5B	21.1B	17.6B	14.4B	13.7B	14.8B	14.3B	14.4B	14B	14.9B	16.7B	15.9B	16B	14.9B	14.4B	13.5B	15.1B	15.2B	12.6B
LIABILITIES
CURRENT LIABILITIES
Total Payables	872.9M	1.5B	1.1B	1.2B	1.2B	462.1M	555.9M	693.7M	750.7M	556.8M	504.2M	837.1M	1.3B	1.4B	1.5B	818.2M	556.4M	1.7B	847.8M	838.3M
Accounts Payable	872.9M	880.3M	1.1B	1.2B	845.3M	462.1M	555.9M	693.7M	750.7M	556.8M	504.2M	837.1M	834.6M	883.2M	901.7M	818.2M	556.4M	896.8M	847.8M	838.3M
Other Payables	0.0	636.3M	0.0	0.0	318.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	474.2M	519.8M	553M	0.0	0.0	776.5M	0.0	0.0
Accrued Expenses	0.0	0.0	444.9M	320.4M	0.0	175.2M	153M	215.6M	209.1M	171.3M	173.5M	317.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Short Term Debt	305.4M	426M	21.2M	682.3M	219.5M	346.8M	24K	1.6M	931.1M	808.6M	747.9M	967.9M	684.1M	55.8M	8.7M	1B	886.7M	1.7B	1.2B	794.2M
Capital Lease Obligations (Current)	48.3M	44.5M	37.8M	28.6M	34.6M	43.5M	37.8M	44K	138K	130K	371K	486K	575K	630K	160K	163K	179K	368K	0.0	0.0
Tax Payables	0.0	366.3M	488.3M	376.2M	143.5M	90.6M	127.6M	250.2M	102.4M	101.2M	136M	352.4M	266.8M	254.6M	0.0	0.0	306.5M	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	513.9M	242.9M	92.4M	48.7M	82.7M	62.7M	56.7M	39.7M	134.8M	133.6M	56.9M	134M	55.6M	70.1M	335.2M	28.5M	0.0	0.0
Other Current Liabilities	1.1B	649.6M	776.5M	334.8M	49.6M	90.2M	951M	807.4M	179.9M	194.3M	328.8M	479.9M	69.3M	1.2B	884.5M	466.3M	432.1M	380.8M	1.1B	1.1B
Total Current Liabilities	2.3B	2.6B	2.9B	2.8B	1.6B	1.2B	1.8B	1.7B	2.1B	1.7B	1.8B	2.6B	2.1B	2.8B	2.4B	2.4B	2B	3.8B	3.1B	2.8B
NON-CURRENT LIABILITIES
Long Term Debt	368K	11.4M	48.3M	46.4M	111.4M	315.7M	40.9M	29.2M	34.6M	31.5M	223.1M	30.1M	244.7M	530.9M	149.7M	220.3M	654.8M	1.2B	2.9B	2.9B
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	285.1M	229.7M	229.7M	63.3M	61.4M	333M	318.4M	118.5M	73M	83.9M	80.8M	89.5M	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	503.9M	631.6M	269.1M	274.7M	254.8M	337M	379M	458M	550.7M	750.3M	714.1M	751.1M	749.2M	828.5M	934.2M	860.8M	1.1B	1.2B	991.9M
Other Non-Current Liabilities	801.6M	383.9M	373M	328.3M	315.2M	318.9M	20.9M	398.6M	482M	764.3M	981.5M	737.7M	25.6M	174.1M	235.7M	280.4M	276M	313.9M	550.4M	279.1M
Total Non-Current Liabilities	896.9M	999.6M	1.1B	727.4M	784.1M	1.1B	876.2M	657.4M	746.3M	859.1M	1.3B	1.1B	1.3B	1.6B	1.3B	1.4B	1.8B	2.6B	4.7B	4.1B
Capital Lease Obligations	143.2M	144.9M	134.4M	112.2M	117.3M	257.3M	230.2M	44K	197K	165K	542K	1.2M	2M	2.2M	260K	423K	586K	932K	0.0	0.0
Total Liabilities	3.2B	3.6B	4.1B	3.5B	2.3B	2.3B	2.7B	2.4B	2.8B	2.6B	3B	3.7B	3.5B	4.4B	3.7B	3.8B	3.8B	6.4B	7.7B	6.9B
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	-1.4B	-213.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	16.6B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B
Additional Paid-In Capital	0.0	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M	609.7M
Retained Earnings	0.0	17.7B	16.7B	13.5B	11.4B	10.7B	11.4B	11.1B	10.7B	10.7B	11.1B	11.9B	11.1B	10.1B	8.8B	7.9B	7.1B	6.5B	4.8B	3.4B
Accumulated Other Comprehensive Income/Loss	0.0	-1.6B	-1.5B	-1.3B	-1.3B	-1.2B	-1.2B	-1.1B	-1B	-1.2B	-1.2B	-877.8M	-594.4M	-452.3M	-83.6M	242.3M	29.5M	-223.8M	402.3M	150.8M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-118.1M	0.0	-118.1M	-811K	0.0	0.0	0.0	120.2M	0.0	0.0
Total Stockholders' Equity	16.6B	16.6B	16.8B	13.9B	12B	11.3B	12B	11.8B	11.5B	11.3B	11.7B	12.8B	12.3B	11.4B	10.5B	9.9B	9.1B	8.2B	7B	5.3B
Total Equity	16.8B	16.8B	17B	14B	12.1B	11.4B	12.2B	11.9B	11.6B	11.4B	11.9B	13B	12.5B	11.6B	11.2B	10.6B	9.7B	8.7B	7.5B	5.7B
Minority Interest	229.9M	220.6M	187.5M	128.7M	145.1M	183.6M	197.4M	92.6M	98.8M	125.7M	152.7M	152.2M	179.4M	172.3M	666.7M	648.2M	628.7M	525.3M	523.6M	363M
SUMMARY
Total Liabilities & Equity	20.1B	20.5B	21.1B	17.6B	14.4B	13.7B	14.8B	14.3B	14.4B	14B	14.9B	16.7B	15.9B	16B	14.9B	14.4B	13.5B	15.1B	15.2B	12.6B
Total Investments	4.6B	4.9B	4B	2.1B	2.1B	2.1B	1.1B	1.4B	2B	2.5B	3B	2.7B	2.2B	1.7B	1.1B	1.4B	1.2B	565.4M	87.5M	183.6M
Total Debt	449M	582.3M	204M	840.9M	448.2M	919.8M	271.1M	539M	965.9M	840.2M	971.5M	999.2M	930.9M	1.7B	158.6M	1.2B	1.5B	3B	4B	3.7B
Net Debt	-123.7M	-92.9M	-1.4B	-250.6M	130.1M	335.2M	-1.3B	110.6M	635.6M	440.5M	685M	581.6M	316.4M	915.7M	-665.1M	403.9M	1.9M	1.4B	3.1B	2.3B
Shares Outstanding	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622	536,564,622

SEC Filings

TS - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
6-K 6-K 2026 Q2 Q2	May 13, 2026	May 12, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 13, 2026	May 12, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 13, 2026	May 12, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 11, 2026	May 07, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 11, 2026	May 08, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 07, 2026	May 06, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	May 07, 2026	May 06, 2026	2026	View Filing
6-K 6-K 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 13, 2026	April 10, 2026	2026	View Filing
6-K 6-K 2026 Q2 Q2	April 13, 2026	April 10, 2026	2026	View Filing

Showing 1 to 10 of 613 filings

Related Guides

Blog Categories

Continue your TS research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.