Tenaris S.A.

TS • Oil & Gas Equipment & Services

$56.45

▲ +0.14 (+0.25%)

Current price

EarningsLatest report: Mar 31, 2026

HIGHLY FAVORABLE PROFILEExcellentConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Strong business quality with supportive growth and cash-flow evidence. Valuation still matters, but the historical ratio profile is favorable.

Market Cap

$29.34B

Growth

4.0%

Cash Flow

4/5

Trend

Mostly stable

Evidence

Stable or improving margins · 16.1%Positive revenue growth · 20.2%Positive free cash flow · 3.81Consistent free cash flow · 4/5Reasonable earnings multiple · 10.34

Financial data as of: Mar 31, 2026, 12:00 AM UTCLast earnings update: May 6, 2026, 12:00 AM UTCLast profile update: Aug 7, 2026, 1:52 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$56.45

Change0.25%

Shares Out519.80M

Market Cap$29.34B

Enterprise Value$26.30B

52W Range33.65 - 64.60

Beta0.48

P/E14.92

P/S2.41

P/B1.72

P/FCF15.66

EV/Sales2.16

Price$56.45

Change0.25%

Shares Out519.80M

Market Cap$29.34B

Enterprise Value$26.30B

52W Range33.65 - 64.60

Beta0.48

P/E14.92

P/S2.41

P/B1.72

P/FCF15.66

EV/Sales2.16

EV/EBITDA8.85

EV/FCF14.04

Earnings Yield6.70%

FCF Yield6.39%

Dividend Yield3.02%

Gross Margin34.39%

Oper. Margin19.14%

Profit Margin16.13%

Debt/Eq0.03

Current Ratio3.87

Quick Ratio2.33

Revenue 5Y4.03%

Target$66.67

Target Upside18.10%

Target Median$60.00

Target Range60.00 - 80.00

Volume208.93K

Avg Volume1.37M

EPS Surprise0.20

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

70/100

Financial Strength

Debt, cash, stability

95/100

Growth Potential

Revenue and expansion

95/100

Price Attractiveness

Cheap or expensive today

91/100

Why this score▼

Stable or improving margins · 16.1%Positive revenue growth · 20.2%Positive free cash flow · 3.81Consistent free cash flow · 4/5Reasonable earnings multiple · 10.34Manageable debt level · 0.03

Analyst view

Analyst sentiment and price target

Analyst sentiment

Based on 26 analyst votes · 2026-09-05

77/100

Bullish

Hold

Bearish

Price Target

2026-08-07

Low

$49.70

Mean

$62.74

Median

$60.00

High

$82.00

Company Overview

IPO: 12/16/2002

Industry: Oil & Gas Equipment & Services

P/B i: 1.72

Debt / Equity i: 0.03

Operating Margin: 19.14%

Net Margin: 16.13%

ROE i: -

ROIC: -

Financial Health

Score19 / 20

Debt / Equity: 0.03

Current Ratio: 3.87

Quick Ratio: 2.33

Status: Strong

🧾

No insider activity

No recent insider transactions available.

About the Company

Tenaris S.A.

Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. It provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks, and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure. The company also offers cold-drawn pipes for use in boilers, superheaters, condensers, heat exchangers, automobile production, and other industrial applications; premium joints and couplings for use in high temperature or high pressure environments under the TenarisHydril brand name; coiled tubing is used for oil and gas drilling and well workovers and for subsea pipelines; sucker rods used in oil extraction activities, tubes used for plumbing and construction applications, and oilfield / hydraulic fracturing services; pipe coating services; and automotive components. In addition, it engages in the sale of energy and raw materials; development, management, and licensing of intellectual property; procurement and trading services; and financial operations, as well as markets steel products. Further, the company manufactures and markets connections; and welded and seamless steel pipes. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.àr.l.

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Peers

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1Y peer performance

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Latest news

Tenaris: Q2 Earnings Don't Make The Upside Any Better, Maintain Hold

Tenaris is rated 'HOLD' with a price target of €16/share ($36.91 ADR), reflecting cyclical risks and recent overvaluation. TS faces near-term headwinds from Hormuz shipment delays, margin compression, and declining revenues, signaling a mid-cycle to early downcycle transition. While TS maintains a strong balance sheet and leading market position, its earnings power remains tightly linked to volatile energy CapEx cycles.

Seeking Alpha

Tenaris Q2 Earnings Call Highlights

Tenaris NYSE: TS reported second-quarter sales of $3 billion, down 4% from both a year earlier and the prior quarter, as shipping disruptions in the Middle East delayed deliveries to customers in Iraq, Kuwait and Qatar.

MarketBeat

Tenaris S.A. (TS) Q2 2026 Earnings Call Transcript

Seeking Alpha

Compared to Estimates, Tenaris (TS) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Tenaris (TS) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks Investment Research

Tenaris Announces 2026 Second Quarter Results

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures.

GlobeNewsWire

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-06	0.87	1.07	0.2
2026-02-18	0.76	0.87	0.11
2025-10-29	0.75	0.85	0.1
2025-07-30	0.88	0.99	0.11
2025-04-30	0.8	0.94	0.14
2025-02-19	0.71	0.94	0.23
2024-11-06	0.63	0.81	0.18
2024-07-31	0.97	0.59	-0.38
2024-04-25	1.04	1.27	0.23
2024-02-21	1.03	1.92	0.89
2023-11-01	1.43	0.91	-0.52
2023-08-02	1.63	1.9	0.27