What is the current annual net margin of TS?

As of today, TS annual net margin is 16.47%

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

TS annual net margin is down -0.66% year-over-year

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

TS annual net margin is down -24.00% over the past 3 years

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

TS annual net margin is currently -38.13% below its historical high of 26.62% set on December 31, 2023

How does TS annual net margin rank versus sector peers?

TS annual net margin is higher than 67.23% 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 net margin of TS?

As of today, TS quarterly net margin is 16.80%

What is TS quarterly net margin most recent change?

TS quarterly net margin was up +1.27% on September 30, 2026

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

TS quarterly net margin is up +10.53% year-over-year

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

TS quarterly net margin is currently -55.41% below its historical high of 37.68% set on December 31, 2004

How does TS quarterly net margin rank versus sector peers?

TS quarterly net margin is higher than 59.91% 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) Net Margin History & Chart Since 1999

Annual Net Margin

16.47%0.11%-0.66%

December 31, 2025

Summary

Current Value: As of today, TS annual net margin is 16.47%, down -0.66% on December 31, 2025
Historical Performance: TS annual net margin is down -24.00% over the past 3 years, up +231.97% over the past 5 years
All-Time High Comparison: TS annual net margin is currently -38.13% below its historical high of 26.62% set on December 31, 2023
3-Year Low Comparison: TS annual net margin is at its 3-year low
Sector Comparison: TS annual net margin is higher than 67.23% of companies in Energy sector

Net Margin Chart

beforeafter

Performance

TS Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	16.47%	-0.7%	-24.0%	+232.0%	+11.3%
Quarterly Net Margin	Sep 30, 26	16.80%	+10.5%	-0.5%	-9.7%	+14.7%
Price	Nov 12, 26	$60.94	+48.8%	+75.9%	+157.7%	+68.2%
PE Ratio	Nov 12, 26	15.61	+42.2%	+174.3%	-6.4%	-6.0%
Annual Revenue	Dec 31, 25	$12.02B	-3.9%	+2.2%	+133.5%	+55.6%
Annual Net Income	Dec 31, 25	$1.98B	-4.5%	-22.3%	+408.1%	+73.2%
Annual Gross Margin	Dec 31, 25	34.39%	-1.2%	-12.6%	+81.7%	-7.3%
Annual Operating Margin	Dec 31, 25	19.13%	-4.1%	-23.7%	+1707.6%	-1.0%

Net Margin Highs

TS Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	26.62%	Dec 31, 23	-38.1%
5Y	26.62%	Dec 31, 23	-38.1%
All	26.62%	Dec 31, 23	-38.1%

Net Margin Lows

TS Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	16.47%	Dec 31, 25	at low
5Y	-12.48%	N/A	+232.0%
All	-12.48%	Dec 31, 20	+232.0%

Net Margin History

Year	Value	Change
2025	16.47%	-0.7%
2024	16.58%	-37.7%
2023	26.62%	+22.8%
2022	21.67%	+34.2%
2021	16.15%	+229.4%
2020	-12.48%	-224.4%
2019	10.03%	-12.1%
2018	11.41%	+35.7%
2017	8.41%	+2,002.5%
2016	0.40%	+129.4%
2015	-1.36%	-111.9%
2014	11.43%	-23.1%
2013	14.86%	-5.4%
2012	15.71%	+10.2%

Year	Value	Change
2011	14.25%	-3.7%
2010	14.80%	-2.4%
2009	15.16%	-7.7%
2008	16.42%	-19.2%
2007	20.33%	-21.9%
2006	26.04%	+16.6%
2005	22.34%	+14.8%
2004	19.46%	+178.0%
2003	7.00%	-4.8%
2002	7.35%	+47.0%
2001	5.00%	-6.9%
2000	5.37%	+205.5%
1999	-5.09%	-

FAQ

What is the current annual net margin of TS?: As of today, TS annual net margin is 16.47%
What is 1-year change in TS annual net margin?: TS annual net margin is down -0.66% year-over-year
What is 3-year change in TS annual net margin?: TS annual net margin is down -24.00% over the past 3 years
How far is TS annual net margin from its all-time high?: TS annual net margin is currently -38.13% below its historical high of 26.62% set on December 31, 2023
How does TS annual net margin rank versus sector peers?: TS annual net margin is higher than 67.23% of companies in Energy sector
When is TS next annual earnings release?: The next annual earnings release for TS is on February 17, 2027

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Quarterly Net Margin

16.80%0.21%+1.27%

September 30, 2026

Summary

Current Value: As of today, TS quarterly net margin is 16.80%, up +1.27% on September 30, 2026
Historical Performance: TS quarterly net margin is up +10.53% year-over-year, down -0.53% over the past 3 years
All-Time High Comparison: TS quarterly net margin is currently -55.41% below its historical high of 37.68% set on December 31, 2004
3-Year Low Comparison: TS quarterly net margin is +60.31% above its 3-year low of 10.48% reached on June 30, 2024
Sector Comparison: TS quarterly net margin is higher than 59.91% of companies in Energy sector

Performance

TS Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Sep 30, 26	16.80%	+1.3%	+10.5%	-0.5%	-9.7%
Annual Net Margin	Dec 31, 25	16.47%	–	-0.7%	-24.0%	+232.0%
Price	Nov 12, 26	$60.94	+14.7%	+48.8%	+75.9%	+157.7%
PE Ratio	Nov 12, 26	15.61	+9.9%	+42.2%	+174.3%	-6.4%
Quarterly Revenue	Sep 30, 26	$3.10B	+4.6%	+4.5%	-4.3%	+76.7%
Quarterly Net Income	Sep 30, 26	$520.72M	+6.0%	+15.6%	-4.8%	+59.6%
Quarterly Gross Margin	Sep 30, 26	33.71%	+3.9%	-0.5%	-12.3%	+15.1%
Quarterly Operating Margin	Sep 30, 26	19.44%	+13.3%	-1.2%	-24.4%	+53.2%

Quarterly Net Margin Highs

TS Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	18.20%	Mar 31, 26	-7.7%
3Y	33.55%	Dec 31, 23	-49.9%
5Y	33.55%	Dec 31, 23	-49.9%
All	37.68%	Dec 31, 04	-55.4%

Quarterly Net Margin Lows

TS Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	15.20%	N/A	+10.5%
3Y	10.48%	Jun 30, 24	+60.3%
5Y	10.48%	Jun 30, 24	+60.3%
All	-37.78%	Mar 1, 20	+144.5%

Quarterly Net Margin History

Month	Value	Change
Sep 2026	16.80%	+1.3%
Jun 2026	16.59%	-8.8%
Mar 2026	18.20%	+18.3%
Dec 2025	15.39%	+1.3%
Sep 2025	15.20%	-13.4%
Jun 2025	17.56%	-0.9%
Mar 2025	17.72%	-2.9%
Dec 2024	18.25%	+15.9%
Sep 2024	15.75%	+50.3%
Jun 2024	10.48%	-51.9%
Mar 2024	21.80%	-35.0%
Dec 2023	33.55%	+98.6%
Sep 2023	16.89%	-39.4%
Jun 2023	27.88%	+2.2%
Mar 2023	27.27%	+22.9%
Dec 2022	22.19%	+8.6%
Sep 2022	20.44%	-9.7%
Jun 2022	22.64%	+6.4%
Mar 2022	21.27%	+30.2%
Dec 2021	16.34%	-12.2%
Sep 2021	18.60%	-2.0%
Jun 2021	18.98%	+122.5%
Mar 2021	8.53%	-12.0%
Dec 2020	9.69%	+373.7%
Sep 2020	-3.54%	+12.6%
Jun 2020	-4.05%	+89.3%
Mar 2020	-37.78%	-542.9%
Dec 2019	8.53%	+49.6%
Sep 2019	5.70%	-54.4%
Jun 2019	12.50%	-3.5%
Mar 2019	12.96%	+21.2%
Dec 2018	10.69%	-17.8%
Sep 2018	13.01%	+39.7%
Jun 2018	9.31%	-26.1%
Mar 2018	12.60%	+23.4%
Dec 2017	10.21%	+39.7%
Sep 2017	7.31%	+23.7%
Jun 2017	5.91%	-40.2%
Mar 2017	9.88%	+521.4%
Dec 2016	1.59%	+341.7%
Sep 2016	0.36%	+116.6%
Jun 2016	-2.17%	-229.9%
Mar 2016	1.67%	+152.7%
Dec 2015	-3.17%	+86.1%
Sep 2015	-22.81%	-689.4%
Jun 2015	3.87%	-65.7%
Mar 2015	11.27%	+22.5%
Dec 2014	9.20%	+156.3%

Month	Value	Change
Sep 2014	3.59%	-77.2%
Jun 2014	15.78%	-4.9%
Mar 2014	16.59%	+8.8%
Dec 2013	15.25%	+17.2%
Sep 2013	13.01%	-14.3%
Jun 2013	15.18%	-3.8%
Mar 2013	15.78%	+24.3%
Dec 2012	12.70%	-22.9%
Sep 2012	16.47%	+0.2%
Jun 2012	16.43%	-5.1%
Mar 2012	17.32%	+11.7%
Dec 2011	15.50%	+5.8%
Sep 2011	14.65%	+15.5%
Jun 2011	12.68%	-9.1%
Mar 2011	13.95%	-10.3%
Dec 2010	15.56%	+4.2%
Sep 2010	14.93%	+0.3%
Jun 2010	14.88%	+9.7%
Mar 2010	13.56%	+4.1%
Dec 2009	13.03%	-2.8%
Sep 2009	13.40%	-24.1%
Jun 2009	17.66%	+10.0%
Mar 2009	16.05%	+354.7%
Dec 2008	3.53%	-82.6%
Sep 2008	20.24%	+0.2%
Jun 2008	20.19%	+9.7%
Mar 2008	18.40%	-17.1%
Dec 2007	22.20%	+27.4%
Sep 2007	17.43%	-15.6%
Jun 2007	20.64%	-1.7%
Mar 2007	21.00%	-9.6%
Dec 2006	23.23%	-17.4%
Sep 2006	28.14%	+4.9%
Jun 2006	26.83%	-0.9%
Mar 2006	27.07%	+23.9%
Dec 2005	21.85%	+2.2%
Sep 2005	21.39%	+9.2%
Jun 2005	19.58%	+1.6%
Mar 2005	19.27%	-48.9%
Dec 2004	37.68%	+154.9%
Sep 2004	14.78%	+14.1%
Jun 2004	12.95%	+133.8%
Mar 2004	5.54%	+235.8%
Dec 2003	1.65%	-79.6%
Sep 2003	8.09%	-21.6%
Jun 2003	10.32%	+66.5%
Mar 2003	6.20%	-

FAQ

What is the current quarterly net margin of TS?: As of today, TS quarterly net margin is 16.80%
What is TS quarterly net margin most recent change?: TS quarterly net margin was up +1.27% on September 30, 2026
What is 1-year change in TS quarterly net margin?: TS quarterly net margin is up +10.53% year-over-year
How far is TS quarterly net margin from its all-time high?: TS quarterly net margin is currently -55.41% below its historical high of 37.68% set on December 31, 2004
How does TS quarterly net margin rank versus sector peers?: TS quarterly net margin is higher than 59.91% of companies in Energy sector
When is TS next earnings release?: The next earnings release for TS is on February 17, 2027

Net Margin Formula

Net Margin = Net Income

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