What is the current annual gross margin of TS?

As of today, TS annual gross margin is 34.39%

What is 1-year change in TS annual gross margin?

TS annual gross margin is down -1.21% year-over-year

What is 3-year change in TS annual gross margin?

TS annual gross margin is down -12.60% over the past 3 years

How far is TS annual gross margin from its all-time high?

TS annual gross margin is currently -30.54% below its historical high of 49.51% set on December 31, 2006

How does TS annual gross margin rank versus sector peers?

TS annual gross margin is higher than 72.73% of companies in Energy sector

When is TS next annual earnings release?

The next annual earnings release for TS is on February 17, 2027

What is the current quarterly gross margin of TS?

As of today, TS quarterly gross margin is 33.71%

What is TS quarterly gross margin most recent change?

TS quarterly gross margin was up +3.88% on September 30, 2026

What is 1-year change in TS quarterly gross margin?

TS quarterly gross margin is down -0.50% year-over-year

How far is TS quarterly gross margin from its all-time high?

TS quarterly gross margin is currently -34.70% below its historical high of 51.62% set on September 30, 2006

How does TS quarterly gross margin rank versus sector peers?

TS quarterly gross margin is higher than 60.26% of companies in Energy sector

When is TS next earnings release?

The next earnings release for TS is on February 17, 2027

Tenaris S.A. (TS) Gross Margin History & Chart Since 1999

Annual Gross Margin

34.39%0.42%-1.21%

December 31, 2025

Summary

Current Value: As of today, TS annual gross margin is 34.39%, down -1.21% on December 31, 2025
Historical Performance: TS annual gross margin is down -12.60% over the past 3 years, up +81.67% over the past 5 years
All-Time High Comparison: TS annual gross margin is currently -30.54% below its historical high of 49.51% set on December 31, 2006
3-Year Low Comparison: TS annual gross margin is at its 3-year low
Sector Comparison: TS annual gross margin is higher than 72.73% of companies in Energy sector

Gross Margin Chart

beforeafter

Performance

TS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	34.39%	-1.2%	-12.6%	+81.7%	-7.3%
Quarterly Gross Margin	Sep 30, 26	33.71%	-0.5%	-12.3%	+15.1%	-5.7%
Price	Nov 11, 26	$61.21	+48.3%	+76.7%	+157.9%	+69.0%
PE Ratio	Nov 11, 26	15.67	+41.5%	+175.4%	-6.4%	-5.7%
Annual Revenue	Dec 31, 25	$12.02B	-3.9%	+2.2%	+133.5%	+55.6%
Annual Gross Profit	Dec 31, 25	$4.13B	-5.0%	-10.7%	+324.2%	+44.3%
Annual Operating Margin	Dec 31, 25	19.13%	-4.1%	-23.7%	+1707.6%	-1.0%
Annual Net Margin	Dec 31, 25	16.47%	-0.7%	-24.0%	+232.0%	+11.3%

Gross Margin Highs

TS Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	41.55%	Dec 31, 23	-17.2%
5Y	41.55%	Dec 31, 23	-17.2%
All	49.51%	Dec 31, 06	-30.5%

Gross Margin Lows

TS Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	34.39%	Dec 31, 25	at low
5Y	18.93%	N/A	+81.7%
All	18.93%	Dec 31, 20	+81.7%

Gross Margin History

Year	Value	Change
2025	34.39%	-1.2%
2024	34.81%	-16.2%
2023	41.55%	+5.6%
2022	39.35%	+38.5%
2021	28.41%	+50.1%
2020	18.93%	-36.4%
2019	29.77%	+2.8%
2018	28.97%	+4.9%
2017	27.62%	+26.4%
2016	21.85%	-24.1%
2015	28.79%	-24.2%
2014	37.98%	+0.3%
2013	37.86%	+1.2%
2012	37.41%	+4.3%

Year	Value	Change
2011	35.86%	-3.3%
2010	37.08%	-2.8%
2009	38.15%	-10.5%
2008	42.62%	-1.4%
2007	43.21%	-12.7%
2006	49.51%	+10.2%
2005	44.91%	+36.1%
2004	33.00%	-6.7%
2003	35.36%	-3.6%
2002	36.67%	+5.4%
2001	34.80%	+5.4%
2000	33.03%	+33.9%
1999	24.66%	-

FAQ

What is the current annual gross margin of TS?: As of today, TS annual gross margin is 34.39%
What is 1-year change in TS annual gross margin?: TS annual gross margin is down -1.21% year-over-year
What is 3-year change in TS annual gross margin?: TS annual gross margin is down -12.60% over the past 3 years
How far is TS annual gross margin from its all-time high?: TS annual gross margin is currently -30.54% below its historical high of 49.51% set on December 31, 2006
How does TS annual gross margin rank versus sector peers?: TS annual gross margin is higher than 72.73% of companies in Energy sector
When is TS next annual earnings release?: The next annual earnings release for TS is on February 17, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

33.71%1.26%+3.88%

September 30, 2026

Summary

Current Value: As of today, TS quarterly gross margin is 33.71%, up +3.88% on September 30, 2026
Historical Performance: TS quarterly gross margin is down -0.50% year-over-year, down -12.35% over the past 3 years
All-Time High Comparison: TS quarterly gross margin is currently -34.70% below its historical high of 51.62% set on September 30, 2006
3-Year Low Comparison: TS quarterly gross margin is +6.61% above its 3-year low of 31.62% reached on December 31, 2024
Sector Comparison: TS quarterly gross margin is higher than 60.26% of companies in Energy sector

Performance

TS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	33.71%	+3.9%	-0.5%	-12.3%	+15.1%
Annual Gross Margin	Dec 31, 25	34.39%	–	-1.2%	-12.6%	+81.7%
Price	Nov 11, 26	$61.21	+14.5%	+48.3%	+76.7%	+157.9%
PE Ratio	Nov 11, 26	15.67	+9.8%	+41.5%	+175.4%	-6.4%
Quarterly Revenue	Sep 30, 26	$3.10B	+4.6%	+4.5%	-4.3%	+76.7%
Quarterly Gross Profit	Sep 30, 26	$1.04B	+8.7%	+4.0%	-16.1%	+103.5%
Quarterly Operating Margin	Sep 30, 26	19.44%	+13.3%	-1.2%	-24.4%	+53.2%
Quarterly Net Margin	Sep 30, 26	16.80%	+1.3%	+10.5%	-0.5%	-9.7%

Quarterly Gross Margin Highs

TS Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	33.88%	N/A	-0.5%
3Y	38.46%	N/A	-12.3%
5Y	43.91%	Jun 30, 23	-23.2%
All	51.62%	Sep 30, 06	-34.7%

Quarterly Gross Margin Lows

TS Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	32.45%	Jun 30, 26	+3.9%
3Y	31.62%	Dec 31, 24	+6.6%
5Y	29.28%	N/A	+15.1%
All	12.19%	Sep 30, 20	+176.5%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	33.71%	+3.9%
Jun 2026	32.45%	-2.3%
Mar 2026	33.21%	+0.1%
Dec 2025	33.17%	-2.1%
Sep 2025	33.88%	-0.5%
Jun 2025	34.04%	+1.6%
Mar 2025	33.50%	+5.9%
Dec 2024	31.62%	-3.5%
Sep 2024	32.77%	-6.6%
Jun 2024	35.09%	-4.5%
Mar 2024	36.76%	-0.9%
Dec 2023	37.10%	-3.5%
Sep 2023	38.46%	-12.4%
Jun 2023	43.91%	+0.1%
Mar 2023	43.85%	+3.8%
Dec 2022	42.23%	+5.9%
Sep 2022	39.86%	+4.8%
Jun 2022	38.03%	+9.7%
Mar 2022	34.68%	+13.0%
Dec 2021	30.69%	+4.8%
Sep 2021	29.28%	+15.0%
Jun 2021	25.45%	+9.9%
Mar 2021	23.15%	+28.3%
Dec 2020	18.04%	+48.0%
Sep 2020	12.19%	-14.0%
Jun 2020	14.17%	-41.8%
Mar 2020	24.36%	-11.1%
Dec 2019	27.41%	-2.3%
Sep 2019	28.05%	-3.2%
Jun 2019	28.98%	-6.9%
Mar 2019	31.14%	+24.5%
Dec 2018	25.01%	-16.2%
Sep 2018	29.85%	+0.3%
Jun 2018	29.77%	+4.8%
Mar 2018	28.40%	-3.2%
Dec 2017	29.33%	+12.5%
Sep 2017	26.07%	-0.6%
Jun 2017	26.23%	+14.1%
Mar 2017	22.99%	-16.6%
Dec 2016	27.56%	+6.6%
Sep 2016	25.86%	-0.9%
Jun 2016	26.10%	+1.8%
Mar 2016	25.64%	+18.4%
Dec 2015	21.66%	-16.2%
Sep 2015	25.86%	-1.0%
Jun 2015	26.13%	-22.5%
Mar 2015	33.71%	-6.0%
Dec 2014	35.88%	+1.9%

Month	Value	Change
Sep 2014	35.22%	-7.3%
Jun 2014	38.01%	-1.4%
Mar 2014	38.56%	+0.5%
Dec 2013	38.37%	+9.1%
Sep 2013	35.17%	-5.8%
Jun 2013	37.33%	+2.5%
Mar 2013	36.41%	-2.3%
Dec 2012	37.25%	+5.1%
Sep 2012	35.44%	-5.5%
Jun 2012	37.50%	+3.3%
Mar 2012	36.30%	+4.6%
Dec 2011	34.72%	-2.9%
Sep 2011	35.74%	+4.0%
Jun 2011	34.35%	-4.5%
Mar 2011	35.95%	+1.2%
Dec 2010	35.51%	-0.6%
Sep 2010	35.72%	-4.8%
Jun 2010	37.54%	+3.1%
Mar 2010	36.41%	+3.6%
Dec 2009	35.15%	-1.2%
Sep 2009	35.57%	-3.2%
Jun 2009	36.76%	-10.8%
Mar 2009	41.21%	-12.7%
Dec 2008	47.19%	+7.2%
Sep 2008	44.04%	+11.6%
Jun 2008	39.47%	-1.8%
Mar 2008	40.20%	-8.4%
Dec 2007	43.90%	+1.0%
Sep 2007	43.47%	-5.9%
Jun 2007	46.21%	-1.2%
Mar 2007	46.75%	-1.0%
Dec 2006	47.24%	-8.5%
Sep 2006	51.62%	+1.3%
Jun 2006	50.95%	+2.6%
Mar 2006	49.67%	+15.2%
Dec 2005	43.12%	+5.4%
Sep 2005	40.90%	+2.7%
Jun 2005	39.84%	-0.6%
Mar 2005	40.08%	+15.7%
Dec 2004	34.65%	-4.6%
Sep 2004	36.33%	+13.5%
Jun 2004	32.02%	+17.8%
Mar 2004	27.19%	-6.0%
Dec 2003	28.94%	-9.4%
Sep 2003	31.93%	+5.1%
Jun 2003	30.37%	+7.1%
Mar 2003	28.35%	-

FAQ

What is the current quarterly gross margin of TS?: As of today, TS quarterly gross margin is 33.71%
What is TS quarterly gross margin most recent change?: TS quarterly gross margin was up +3.88% on September 30, 2026
What is 1-year change in TS quarterly gross margin?: TS quarterly gross margin is down -0.50% year-over-year
How far is TS quarterly gross margin from its all-time high?: TS quarterly gross margin is currently -34.70% below its historical high of 51.62% set on September 30, 2006
How does TS quarterly gross margin rank versus sector peers?: TS quarterly gross margin is higher than 60.26% of companies in Energy sector
When is TS next earnings release?: The next earnings release for TS is on February 17, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

TS Official Website www.tenaris.com
TS Profile on Yahoo Finance finance.yahoo.com/quote/TS
TS Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ts