Tenaris has been growing earnings at an average annual rate of 12.8%, while the Energy Services industry saw earnings growing at 47.6% annually. Revenues have been growing at an average rate of 13.6% per year. Tenaris's return on equity is 11.6%, and it has net margins of 16.2%.
Key information
12.82%
Earnings growth rate
14.63%
EPS growth rate
Energy Services Industry Growth
23.29%
Revenue growth rate
13.57%
Return on equity
11.64%
Net Margin
16.17%
Next Earnings Update
05 Aug 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Tenaris makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
XTRA:TW10 Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
12,159
1,967
1,715
0
31 Dec 25
11,981
1,933
1,710
0
30 Sep 25
11,831
2,000
1,694
0
30 Jun 25
11,769
2,003
1,707
0
31 Mar 25
12,005
1,806
1,712
0
31 Dec 24
12,524
2,036
1,752
0
30 Sep 24
13,094
2,649
1,776
0
30 Jun 24
13,416
2,739
1,751
0
31 Mar 24
14,169
3,526
1,806
0
31 Dec 23
14,869
3,918
1,749
0
30 Sep 23
15,074
3,596
1,807
0
30 Jun 23
14,811
3,665
1,707
0
31 Mar 23
13,537
3,179
1,608
0
31 Dec 22
11,763
2,553
1,513
0
30 Sep 22
10,199
2,116
1,331
0
30 Jun 22
8,978
1,839
1,399
0
31 Mar 22
7,706
1,497
1,240
0
31 Dec 21
6,521
1,100
1,128
0
30 Sep 21
5,595
837
1,134
0
30 Jun 21
4,854
474
950
0
31 Mar 21
4,566
132
915
0
31 Dec 20
5,147
-634
1,056
0
30 Sep 20
5,757
-589
1,060
0
30 Jun 20
6,508
-450
1,107
0
31 Mar 20
7,185
-160
1,225
0
31 Dec 19
7,294
743
1,248
0
30 Sep 19
7,658
817
1,312
0
30 Jun 19
7,794
957
1,308
0
31 Mar 19
7,664
884
1,332
0
31 Dec 18
7,659
876
1,320
0
30 Sep 18
7,143
810
1,199
0
30 Jun 18
6,547
668
1,269
0
31 Mar 18
6,001
575
1,215
0
31 Dec 17
5,289
453
1,270
0
30 Sep 17
4,745
319
1,165
0
30 Jun 17
4,429
219
1,183
0
31 Mar 17
4,241
117
1,213
0
31 Dec 16
4,294
14
1,129
0
30 Sep 16
4,470
-78
1,543
0
30 Jun 16
5,043
-437
1,443
0
31 Mar 16
5,856
-344
1,478
0
31 Dec 15
6,903
-99
1,594
0
30 Sep 15
8,357
213
1,396
0
30 Jun 15
9,219
650
1,766
0
Quality Earnings: TW10 has high quality earnings.
Growing Profit Margin: TW10's current net profit margins (16.2%) are higher than last year (15%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TW10's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: TW10's earnings growth over the past year (8.9%) is below its 5-year average (12.8% per year).
Earnings vs Industry: TW10 earnings growth over the past year (8.9%) did not outperform the Energy Services industry 20%.
Return on Equity
High ROE: TW10's Return on Equity (11.6%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/02 14:59
End of Day Share Price
2026/06/02 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tenaris S.A. is covered by 42 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.