What is the current annual cost of goods sold of TS?

As of today, TS annual cost of goods sold is $8.15B

What is 1-year change in TS annual cost of goods sold?

TS annual cost of goods sold is down -6.23% year-over-year

What is 3-year change in TS annual cost of goods sold?

TS annual cost of goods sold is up +74.56% over the past 3 years

How far is TS annual cost of goods sold from its all-time high?

TS annual cost of goods sold is currently -6.23% below its historical high of $8.69B set on December 31, 2023

How does TS annual cost of goods sold rank versus sector peers?

TS annual cost of goods sold is higher than 82.45% of companies in Energy sector

When is TS next annual earnings release?

The next annual earnings release for TS is on February 18, 2026

What is the current quarterly cost of goods sold of TS?

As of today, TS quarterly cost of goods sold is $1.94B

What is TS quarterly cost of goods sold most recent change?

TS quarterly cost of goods sold was down -5.99% on September 30, 2025

What is 1-year change in TS quarterly cost of goods sold?

TS quarterly cost of goods sold is down -1.15% year-over-year

How far is TS quarterly cost of goods sold from its all-time high?

TS quarterly cost of goods sold is currently -16.67% below its historical high of $2.33B set on March 31, 2023

How does TS quarterly cost of goods sold rank versus sector peers?

TS quarterly cost of goods sold is higher than 81.55% of companies in Energy sector

When is TS next earnings release?

The next earnings release for TS is on February 18, 2026

What is the current TTM cost of goods sold of TS?

As of today, TS TTM cost of goods sold is $7.87B

What is TS TTM cost of goods sold most recent change?

TS TTM cost of goods sold was down -0.29% on September 30, 2025

What is 1-year change in TS TTM cost of goods sold?

TS TTM cost of goods sold is down -6.72% year-over-year

How far is TS TTM cost of goods sold from its all-time high?

TS TTM cost of goods sold is currently -10.03% below its historical high of $8.75B set on December 31, 2023

How does TS TTM cost of goods sold rank versus sector peers?

TS TTM cost of goods sold is higher than 81.55% of companies in Energy sector

When is TS next earnings release?

The next earnings release for TS is on February 18, 2026

Tenaris S.A. (TS) Cost Of Goods Sold History & Chart

Annual Cost Of Goods Sold

$8.15B$541.46M-6.23%

December 31, 2024

Summary

Current Value: As of today, TS annual cost of goods sold is $8.15B, down -6.23% on December 31, 2024
Historical Performance: TS annual cost of goods sold is up +74.56% over the past 3 years, and up +59.10% over the past 5 years
All-Time High Comparison: TS annual cost of goods sold is currently -6.23% below its historical high of $8.69B set on December 31, 2023
3-Year Low Comparison: TS annual cost of goods sold is +14.24% above its 3-year low of $7.13B reached on an earlier date
Sector Comparison: TS annual cost of goods sold is higher than 82.45% of companies in Energy sector

Cost Of Goods Sold Chart

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Performance

TS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Cost Of Goods Sold	Dec 31, 24	$8.15B	-6.2%	+74.6%	+59.1%	+62.1%
Quarterly Cost Of Goods Sold	Sep 30, 25	$1.94B	-1.1%	+8.3%	+117.9%	+48.7%
TTM Cost Of Goods Sold	Sep 30, 25	$7.87B	-6.7%	+21.2%	+73.0%	+62.3%
Price	Jan 12, 26	$40.42	+5.2%	+15.2%	+129.7%	-15.6%
Annual Total Expenses	Dec 31, 24	$10.47B	-4.4%	+93.1%	+59.8%	+50.9%
Annual Operating Expenses	Dec 31, 24	$1.86B	-2.7%	+61.8%	+40.7%	+43.1%
Annual Gross Profit	Dec 31, 24	$4.35B	-29.6%	+134.9%	+100.4%	+40.4%
Annual Revenue	Dec 31, 24	$12.50B	-15.9%	+91.7%	+71.4%	+53.9%

Cost Of Goods Sold Highs

TS Annual Cost Of Goods Sold Highs Comparison
Period	High	Date	Current
3Y	$8.69B	Dec 31, 23	-6.2%
5Y	$8.69B	Dec 31, 23	-6.2%
All	$8.69B	Dec 31, 23	-6.2%

Cost Of Goods Sold Lows

TS Annual Cost Of Goods Sold Lows Comparison
Period	Low	Date	Current
3Y	$7.13B	N/A	+14.2%
5Y	$4.17B	N/A	+95.3%
All	$1.39B	Dec 1, 99	+487.0%

Cost Of Goods Sold History

Year	Value	Change
2024	$8.15B	-6.2%
2023	$8.69B	+21.8%
2022	$7.13B	+52.8%
2021	$4.67B	+11.9%
2020	$4.17B	-18.5%
2019	$5.12B	-5.8%
2018	$5.44B	+42.1%
2017	$3.83B	+14.1%
2016	$3.36B	-31.4%
2015	$4.89B	-23.4%
2014	$6.39B	-3.0%
2013	$6.58B	-3.5%
2012	$6.82B	+7.1%

Year	Value	Change
2011	$6.37B	+31.0%
2010	$4.86B	-3.3%
2009	$5.03B	-27.4%
2008	$6.92B	+22.3%
2007	$5.66B	+46.3%
2006	$3.87B	+12.9%
2005	$3.43B	+24.3%
2004	$2.76B	+34.1%
2003	$2.06B	+0.8%
2002	$2.04B	-0.0%
2001	$2.04B	+31.8%
2000	$1.55B	+11.4%
1999	$1.39B	-

FAQ

What is the current annual cost of goods sold of TS?
As of today, TS annual cost of goods sold is $8.15B
What is 1-year change in TS annual cost of goods sold?
TS annual cost of goods sold is down -6.23% year-over-year
What is 3-year change in TS annual cost of goods sold?
TS annual cost of goods sold is up +74.56% over the past 3 years
How far is TS annual cost of goods sold from its all-time high?
TS annual cost of goods sold is currently -6.23% below its historical high of $8.69B set on December 31, 2023
How does TS annual cost of goods sold rank versus sector peers?
TS annual cost of goods sold is higher than 82.45% of companies in Energy sector
When is TS next annual earnings release?
The next annual earnings release for TS is on February 18, 2026

Quarterly Cost Of Goods Sold

$1.94B$123.42M-5.99%

September 30, 2025

Summary

Current Value: As of today, TS quarterly cost of goods sold is $1.94B, down -5.99% on September 30, 2025
Historical Performance: TS quarterly cost of goods sold is down -1.15% year-over-year, and up +8.30% over the past 3 years
All-Time High Comparison: TS quarterly cost of goods sold is currently -16.67% below its historical high of $2.33B set on March 31, 2023
3-Year Low Comparison: TS quarterly cost of goods sold is +0.30% above its 3-year low of $1.93B reached on December 31, 2024
Sector Comparison: TS quarterly cost of goods sold is higher than 81.55% of companies in Energy sector

Performance

TS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Cost Of Goods Sold	Sep 30, 25	$1.94B	-6.0%	-1.1%	+8.3%	+117.9%
Annual Cost Of Goods Sold	Dec 31, 24	$8.15B	–	-6.2%	+74.6%	+59.1%
TTM Cost Of Goods Sold	Sep 30, 25	$7.87B	-0.3%	-6.7%	+21.2%	+73.0%
Price	Jan 12, 26	$40.42	+20.0%	+5.2%	+15.2%	+129.7%
Quarterly Total Expenses	Sep 30, 25	$2.52B	-2.5%	+2.2%	+6.5%	+141.1%
Quarterly Operating Expenses	Sep 30, 25	$433.03M	-7.9%	+1.9%	+13.7%	+115.8%
Quarterly Gross Profit	Sep 30, 25	$1.03B	-3.4%	+7.5%	-13.4%	+732.3%
Quarterly Revenue	Sep 30, 25	$2.96B	-5.1%	+1.7%	-0.3%	+192.8%

Quarterly Cost Of Goods Sold Highs

TS Quarterly Cost Of Goods Sold Highs Comparison
Period	High	Date	Current
1Y	$2.06B	Jun 30, 25	-6.0%
3Y	$2.33B	Mar 31, 23	-16.7%
5Y	$2.33B	Mar 31, 23	-16.7%
All	$2.33B	Mar 31, 23	-16.7%

Quarterly Cost Of Goods Sold Lows

TS Quarterly Cost Of Goods Sold Lows Comparison
Period	Low	Date	Current
1Y	$1.93B	N/A	+0.3%
3Y	$1.93B	Dec 31, 24	+0.3%
5Y	$908.20M	Mar 1, 21	+113.3%
All	$517.05M	Sep 30, 03	+274.7%

Quarterly Cost Of Goods Sold History

Month	Value	Change
Sep 2025	$1.94B	-6.0%
Jun 2025	$2.06B	+6.1%
Mar 2025	$1.94B	+0.6%
Dec 2024	$1.93B	-1.4%
Sep 2024	$1.96B	-9.1%
Jun 2024	$2.16B	-0.9%
Mar 2024	$2.18B	+1.3%
Dec 2023	$2.15B	+7.8%
Sep 2023	$1.99B	-12.8%
Jun 2023	$2.29B	-1.7%
Mar 2023	$2.33B	+11.2%
Dec 2022	$2.09B	+16.9%
Sep 2022	$1.79B	+3.1%
Jun 2022	$1.74B	+12.2%
Mar 2022	$1.55B	+8.4%
Dec 2021	$1.43B	+15.0%
Sep 2021	$1.24B	+8.8%
Jun 2021	$1.14B	+25.5%
Mar 2021	$908.20M	-2.0%
Dec 2020	$926.63M	+4.2%
Sep 2020	$889.30M	-16.5%
Jun 2020	$1.07B	-20.1%
Mar 2020	$1.33B	+5.5%
Dec 2019	$1.26B	-0.4%
Sep 2019	$1.27B	-6.8%
Jun 2019	$1.36B	+5.7%
Mar 2019	$1.29B	-18.3%
Dec 2018	$1.58B	+18.5%
Sep 2018	$1.33B	+6.1%
Jun 2018	$1.26B	-6.0%
Mar 2018	$1.34B	+19.0%
Dec 2017	$1.12B	+16.6%
Sep 2017	$963.25M	+5.1%
Jun 2017	$916.81M	+3.2%
Mar 2017	$888.60M	+17.3%
Dec 2016	$757.55M	+3.3%
Sep 2016	$733.09M	-5.5%
Jun 2016	$775.50M	-13.6%
Mar 2016	$897.24M	-19.3%
Dec 2015	$1.11B	-3.8%
Sep 2015	$1.16B	-16.2%
Jun 2015	$1.38B	-7.6%
Mar 2015	$1.49B	-12.1%
Dec 2014	$1.70B	+9.9%
Sep 2014	$1.55B	-7.4%
Jun 2014	$1.67B	+2.9%

Month	Value	Change
Mar 2014	$1.62B	-1.6%
Dec 2013	$1.65B	+5.2%
Sep 2013	$1.57B	-11.7%
Jun 2013	$1.77B	+4.1%
Mar 2013	$1.70B	-1.6%
Dec 2012	$1.73B	+0.9%
Sep 2012	$1.72B	-2.0%
Jun 2012	$1.75B	+5.0%
Mar 2012	$1.67B	-3.7%
Dec 2011	$1.73B	+6.8%
Sep 2011	$1.62B	-2.0%
Jun 2011	$1.65B	+7.5%
Mar 2011	$1.54B	+12.6%
Dec 2010	$1.37B	+4.9%
Sep 2010	$1.30B	+5.3%
Jun 2010	$1.24B	+18.8%
Mar 2010	$1.04B	-17.9%
Dec 2009	$1.27B	+11.2%
Sep 2009	$1.14B	-13.7%
Jun 2009	$1.32B	+7.7%
Mar 2009	$1.23B	-28.5%
Dec 2008	$1.72B	-1.6%
Sep 2008	$1.75B	-8.4%
Jun 2008	$1.91B	+23.7%
Mar 2008	$1.54B	+5.2%
Dec 2007	$1.46B	+5.6%
Sep 2007	$1.39B	+0.5%
Jun 2007	$1.38B	+5.0%
Mar 2007	$1.31B	+2.7%
Dec 2006	$1.28B	+42.2%
Sep 2006	$900.15M	-1.6%
Jun 2006	$914.90M	+11.8%
Mar 2006	$818.20M	-21.1%
Dec 2005	$1.04B	+11.5%
Sep 2005	$929.44M	-10.3%
Jun 2005	$1.04B	+19.1%
Mar 2005	$870.58M	+0.9%
Dec 2004	$862.77M	+34.3%
Sep 2004	$642.39M	-5.8%
Jun 2004	$681.66M	+3.0%
Mar 2004	$661.66M	+22.3%
Dec 2003	$541.15M	+4.7%
Sep 2003	$517.05M	-14.5%
Jun 2003	$605.01M	+6.9%
Mar 2003	$565.75M	-

FAQ

What is the current quarterly cost of goods sold of TS?
As of today, TS quarterly cost of goods sold is $1.94B
What is TS quarterly cost of goods sold most recent change?
TS quarterly cost of goods sold was down -5.99% on September 30, 2025
What is 1-year change in TS quarterly cost of goods sold?
TS quarterly cost of goods sold is down -1.15% year-over-year
How far is TS quarterly cost of goods sold from its all-time high?
TS quarterly cost of goods sold is currently -16.67% below its historical high of $2.33B set on March 31, 2023
How does TS quarterly cost of goods sold rank versus sector peers?
TS quarterly cost of goods sold is higher than 81.55% of companies in Energy sector
When is TS next earnings release?
The next earnings release for TS is on February 18, 2026

TTM Cost Of Goods Sold

$7.87B$22.60M-0.29%

September 30, 2025

Summary

Current Value: As of today, TS TTM cost of goods sold is $7.87B, down -0.29% on September 30, 2025
Historical Performance: TS TTM cost of goods sold is down -6.72% year-over-year, and up +21.19% over the past 3 years
All-Time High Comparison: TS TTM cost of goods sold is currently -10.03% below its historical high of $8.75B set on December 31, 2023
3-Year Low Comparison: TS TTM cost of goods sold is +9.93% above its 3-year low of $7.16B reached on an earlier date
Sector Comparison: TS TTM cost of goods sold is higher than 81.55% of companies in Energy sector

Performance

TS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Cost Of Goods Sold	Sep 30, 25	$7.87B	-0.3%	-6.7%	+21.2%	+73.0%
Annual Cost Of Goods Sold	Dec 31, 24	$8.15B	–	-6.2%	+74.6%	+59.1%
Quarterly Cost Of Goods Sold	Sep 30, 25	$1.94B	-6.0%	-1.1%	+8.3%	+117.9%
Price	Jan 12, 26	$40.42	+20.0%	+5.2%	+15.2%	+129.7%
TTM Gross Profit	Sep 30, 25	$3.96B	+1.9%	-14.8%	+7.0%	+228.7%
TTM Revenue	Sep 30, 25	$11.84B	+0.4%	-9.6%	+16.1%	+105.6%

TTM Cost Of Goods Sold Highs

TS TTM Cost Of Goods Sold Highs Comparison
Period	High	Date	Current
1Y	$8.22B	N/A	-4.3%
3Y	$8.75B	Dec 31, 23	-10.0%
5Y	$8.75B	Dec 31, 23	-10.0%
All	$8.75B	Dec 31, 23	-10.0%

TTM Cost Of Goods Sold Lows

TS TTM Cost Of Goods Sold Lows Comparison
Period	Low	Date	Current
1Y	$7.87B	Sep 30, 25	at low
3Y	$7.16B	N/A	+9.9%
5Y	$3.79B	Mar 1, 21	+107.8%
All	$565.75M	Mar 1, 03	+1291.7%

TTM Cost Of Goods Sold History

Month	Value	Change
Sep 2025	$7.87B	-0.3%
Jun 2025	$7.90B	-1.2%
Mar 2025	$7.99B	-2.8%
Dec 2024	$8.22B	-2.6%
Sep 2024	$8.44B	-0.4%
Jun 2024	$8.47B	-1.5%
Mar 2024	$8.60B	-1.7%
Dec 2023	$8.75B	+0.6%
Sep 2023	$8.69B	+2.4%
Jun 2023	$8.49B	+6.9%
Mar 2023	$7.94B	+10.9%
Dec 2022	$7.16B	+10.2%
Sep 2022	$6.50B	+9.2%
Jun 2022	$5.95B	+11.1%
Mar 2022	$5.35B	+13.5%
Dec 2021	$4.71B	+11.8%
Sep 2021	$4.21B	+9.1%
Jun 2021	$3.86B	+2.0%
Mar 2021	$3.79B	-10.1%
Dec 2020	$4.21B	-7.4%
Sep 2020	$4.55B	-7.7%
Jun 2020	$4.93B	-5.7%
Mar 2020	$5.23B	+0.9%
Dec 2019	$5.18B	-5.7%
Sep 2019	$5.50B	-1.1%
Jun 2019	$5.56B	+1.9%
Mar 2019	$5.46B	-0.9%
Dec 2018	$5.50B	+9.0%
Sep 2018	$5.05B	+7.9%
Jun 2018	$4.68B	+7.8%
Mar 2018	$4.34B	+11.5%
Dec 2017	$3.89B	+10.4%
Sep 2017	$3.53B	+7.0%
Jun 2017	$3.30B	+4.5%
Mar 2017	$3.15B	-0.3%
Dec 2016	$3.16B	-10.1%
Sep 2016	$3.52B	-10.7%
Jun 2016	$3.94B	-13.3%
Mar 2016	$4.55B	-11.6%
Dec 2015	$5.14B	-10.2%
Sep 2015	$5.73B	-6.4%
Jun 2015	$6.12B	-4.5%
Mar 2015	$6.41B	-2.0%
Dec 2014	$6.54B	+0.8%
Sep 2014	$6.49B	-0.3%
Jun 2014	$6.51B	-1.6%

Month	Value	Change
Mar 2014	$6.61B	-1.2%
Dec 2013	$6.69B	-1.2%
Sep 2013	$6.77B	-2.2%
Jun 2013	$6.92B	+0.3%
Mar 2013	$6.90B	+0.5%
Dec 2012	$6.86B	-0.0%
Sep 2012	$6.87B	+1.4%
Jun 2012	$6.77B	+1.5%
Mar 2012	$6.67B	+2.0%
Dec 2011	$6.54B	+5.9%
Sep 2011	$6.18B	+5.4%
Jun 2011	$5.86B	+7.6%
Mar 2011	$5.45B	+10.0%
Dec 2010	$4.95B	+2.0%
Sep 2010	$4.85B	+3.5%
Jun 2010	$4.69B	-1.8%
Mar 2010	$4.78B	-3.7%
Dec 2009	$4.96B	-8.3%
Sep 2009	$5.41B	-10.0%
Jun 2009	$6.01B	-8.8%
Mar 2009	$6.60B	-4.5%
Dec 2008	$6.91B	+3.8%
Sep 2008	$6.66B	+5.7%
Jun 2008	$6.30B	+9.1%
Mar 2008	$5.77B	+4.1%
Dec 2007	$5.54B	+3.4%
Sep 2007	$5.36B	+10.0%
Jun 2007	$4.87B	+10.5%
Mar 2007	$4.41B	+12.7%
Dec 2006	$3.91B	+6.6%
Sep 2006	$3.67B	-0.8%
Jun 2006	$3.70B	-3.2%
Mar 2006	$3.82B	-1.4%
Dec 2005	$3.87B	+4.7%
Sep 2005	$3.70B	+8.4%
Jun 2005	$3.41B	+11.6%
Mar 2005	$3.06B	+7.3%
Dec 2004	$2.85B	+12.7%
Sep 2004	$2.53B	+5.2%
Jun 2004	$2.40B	+3.3%
Mar 2004	$2.32B	+4.3%
Dec 2003	$2.23B	+32.1%
Sep 2003	$1.69B	+44.2%
Jun 2003	$1.17B	+106.9%
Mar 2003	$565.75M	-

FAQ

What is the current TTM cost of goods sold of TS?
As of today, TS TTM cost of goods sold is $7.87B
What is TS TTM cost of goods sold most recent change?
TS TTM cost of goods sold was down -0.29% on September 30, 2025
What is 1-year change in TS TTM cost of goods sold?
TS TTM cost of goods sold is down -6.72% year-over-year
How far is TS TTM cost of goods sold from its all-time high?
TS TTM cost of goods sold is currently -10.03% below its historical high of $8.75B set on December 31, 2023
How does TS TTM cost of goods sold rank versus sector peers?
TS TTM cost of goods sold is higher than 81.55% of companies in Energy sector
When is TS next earnings release?
The next earnings release for TS is on February 18, 2026

Cost Of Goods Sold Formula

COGS = Beginning Inventory + Purchases − Ending Inventory

Data Sources & References

TS Official Website www.tenaris.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1190723/000155485525000262/0001554855-25-000262-index.htm
TS Profile on Yahoo Finance finance.yahoo.com/quote/TS
TS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ts