TS vs MEC vs LUD Stock Comparison

Tenaris, Mayville Engineering Company and Luda Technology Prices as of Oct 26, 2026 Peers: Industry group
TS Tenaris Sa
$59.32 +6.9% 1M +65.7% 1Y
Market cap
$63.59B
P/E
32.8x
Revenue (TTM)
$12.04B
Div. yield
3.00%
Metal Fabrication Industrials
10 wins

Head to Head

11 decided of 12

Tenaris leads on 10 of the 12 questions below (Tenaris 10, Mayville Engineering Company 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTSMECLUDLeader
Larger companyMarket capitalisation $63.59B $334.05M $88.04M TS
Cheaper on earningsLower P/E, profitable companies only 32.8x -17.2x 155.0x TS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.0x 54.6x — TS
Faster revenue growthRevenue growth, trailing twelve months +2.3% +11.8% — MEC
More profitableNet margin, trailing twelve months 15.9% -3.0% — TS
Better return on capitalReturn on invested capital 12.7% -1.8% — TS
Less leveragedLower net debt / EBITDA -3.1x 3.9x — TS
Higher dividend yieldTrailing dividend yield 3.00% — — –
Better 1-year returnPrice return, last 12 months +65.7% -20.7% -56.0% TS
Better 5-year returnAnnualised price return, 5 years +21.5%/yr -5.9%/yr — TS
Less volatileAnnualised volatility, 1 year 29.0% 54.6% 144.4% TS
Higher overall scoreMean of the five percentile scores vs peers 63/100 35/100 — TS

Percentile Scorecard

TSMECLUD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTSMECLUD
Valuation 50 #34 of 67 61 #27 of 67 32 #46 of 67
Growth 25 #41 of 54 11 #48 of 54 –
Profitability 81 #11 of 53 40 #32 of 53 –
Financial Health 98 #3 of 82 30 #58 of 82 37 #52 of 82
Shareholder Returns 62 #15 of 39 – –
Overall 63 35 –
  • TS ranked among 82 companies in Machinery
  • MEC ranked among 82 companies in Machinery
  • LUD ranked among 82 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTSMECLUDSPY
1 month +6.9%-23.8%-3.0% -0.8%
3 months +5.2%-55.5%-10.8% +3.5%
6 months -6.1%-39.9%-28.8% +7.0%
Year to date +54.3%-30.0%-39.6% +12.2%
1 year +65.7%-20.7%-56.0% +13.0%
3 years +88.8%+22.1%— +86.3%
3 years, per year +23.6%+6.9%— +23.1%
5 years +164.5%-26.2%— +68.6%
5 years, per year +21.5%-5.9%— +11.0%
10 years +108.1%—— +258.0%
10 years, per year +7.6%—— +13.6%

Risk

MeasureTSMECLUDSPY
Volatility, 1Y 29.0%54.6%144.4% 12.7%
Downside volatility, 1Y 29.4%53.1%142.1% 12.7%
Beta vs S&P 500, 1Y 0.321.551.23 1.00
Return / volatility, 1Y 2.27-0.38-0.39 1.02
Max drawdown, 5Y -33.7%-66.7%-83.8% -25.4%
From 52-week high -7.3%-65.1%-67.3% -1.8%
52-week high $64.02$37.54$11.85 $779.14
52-week low $37.11$12.73$3.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTSMECLUD
P/E now vs peer median 32.8xmedian 22.6x -17.2xmedian 22.6x 155.0xmedian 22.6x
P/S now vs peer median 5.3xmedian 1.9x 0.6xmedian 1.9x 2.6xmedian 1.9x
EV/EBITDA now vs peer median 19.2xmedian 13.4x 14.5xmedian 13.4x —median 13.4x
P/FCF now vs peer median 22.8xmedian 20.5x -73.0xmedian 20.5x -40.6xmedian 20.5x
P/B now vs peer median 3.7xmedian 1.4x 1.0xmedian 1.4x 4.0xmedian 1.4x
PEG now vs peer median —median 0.76 0.36median 0.76 —median 0.76

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTSMECLUD
Revenue $12.04B $586.34M –
Gross profit $4.08B $53.52M –
Operating income $2.23B -$12.80M –
Net income $1.97B -$17.30M –
Free cash flow $2.78B -$4.57M –
EPS (diluted) – $-0.76 –
Cash & equivalents $9.02B $2.20M $4.77M
Total debt $1.27B $752.49M $49.69M
Shares (diluted) – 22.77M 22.24M
Enterprise value $34.88B $327.07M $42.39M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTSMECLUD
P/E 32.8x -17.2x 155.0x
P/FCF 22.8x -73.0x -40.6x
P/Operating cash flow 28.4x 24.0x –
P/S 5.3x 0.6x 2.6x
P/B 3.7x 1.0x 4.0x
P/Tangible book 3.7x 1.5x 4.1x
EV/EBITDA 19.2x 14.5x –
EV/EBIT 24.6x -35.8x –
EV/Revenue 4.6x 0.8x –
EV/FCF 19.7x -100.1x –
EV/Operating cash flow 24.5x 32.8x –
PEG (3Y EPS CAGR) – 0.36 –

Growth

14 metrics
MetricTSMECLUD
Revenue growth (1Y) 2.3% 11.8% –
Revenue CAGR (3Y) -6.7% 2.4% –
Gross profit growth (1Y) 2.7% -5.8% –
Gross profit CAGR (3Y) -13.9% -4.2% –
Operating income growth (1Y) 0.0% -142.1% –
Operating income CAGR (3Y) -20.6% -37.8% –
Net income growth (1Y) -3.3% -196.8% –
Net income CAGR (3Y) -18.8% -49.1% –
EPS growth (1Y) – -188.0% –
EPS CAGR (3Y) – -47.4% –
Operating cash flow growth (1Y) -11.7% -82.4% –
Operating cash flow CAGR (3Y) -9.6% -23.3% –
Free cash flow growth (1Y) -13.2% -106.7% –
Free cash flow CAGR (3Y) -7.8% 16.0% –

Profitability

14 metrics
MetricTSMECLUD
Gross margin 33.9% 9.1% –
EBITDA margin 23.7% 5.4% –
Operating margin 18.5% -2.2% –
Pretax margin 20.5% -4.7% –
Net margin 15.9% -3.0% –
FCF margin 23.1% -0.8% –
Operating cash flow margin 18.6% 2.4% –
Return on equity 11.4% -6.2% –
Return on assets 9.7% -3.0% –
Return on invested capital 12.7% -1.8% –
Return on capital employed 11.0% -2.6% –
Asset turnover 0.6x 1.0x –
Cash conversion (OCF / net income) 1.1x -0.8x –
Stock comp / revenue – 0.6% –

Financial Health

11 metrics
MetricTSMECLUD
Debt / assets 1.5% 21.4% 25.8%
Debt / equity 0.0x 0.4x 0.6x
Net debt / EBITDA -3.1x 3.9x –
Debt / FCF 0.1x -27.5x –
Liabilities / assets 15.2% 44.7% 54.8%
Equity / assets 84.8% 55.3% 45.2%
Interest coverage 45.4x -0.9x –
Current ratio – 1.7x 1.6x
Quick ratio 70.8x 0.9x 1.0x
Cash ratio 58.2x 0.0x 0.4x
Altman Z-score – 1.92 –

Shareholder Returns

7 metrics
MetricTSMECLUD
Dividend yield 3.0% – –
Net buyback yield -1.5% – –
Shareholder yield 1.5% – –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTSMECLUD
Forward P/E 15.0xFY2026 54.6xFY2026 –
EPS, next fiscal year $3.96FY2026 $0.24FY2026 –
EPS growth, next FY +8.2%FY2026 -22.6%FY2026 –
EPS growth, the year after +2.5% +354.2% –
Revenue, next fiscal year $12.99BFY2026 $666.72MFY2026 –
Revenue growth, next FY +8.4%FY2026 +22.0%FY2026 –
Revenue growth, the year after -6.1% +4.5% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTSMECLUD
Held by institutions 3.6% 83.1% –
Institutions holding 283 156 –
Change in shares held, QoQ -2.4% +47.1% –
Institutions buying 154 98 –
Institutions selling 78 40 –
Buyers to sellers 1.97 2.45 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TSMECLUD
TS 1.00 0.14 -0.01
MEC 0.14 1.00 -0.01
LUD -0.01 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TS, MEC and LUD?

Tenaris (TS) is the largest by market capitalisation: Tenaris (TS) $63.59B, Mayville Engineering Company (MEC) $334.05M, Luda Technology (LUD) $88.04M.

Which stock is cheaper, TS, MEC and LUD?

Tenaris (TS) trades on the lowest price-to-earnings ratio (Tenaris (TS) 32.8x, Mayville Engineering Company (MEC) -17.2x, Luda Technology (LUD) 155.0x). On next year's consensus earnings, Tenaris (TS) is cheapest (Tenaris (TS) 15.0x, Mayville Engineering Company (MEC) 54.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Mayville Engineering Company (MEC) grew revenue fastest over the trailing twelve months: Tenaris (TS) +2.3%, Mayville Engineering Company (MEC) +11.8%.

Which company is more profitable?

Tenaris (TS) has the highest net margin (Tenaris (TS) 15.9%, Mayville Engineering Company (MEC) -3.0%). On return on invested capital, Tenaris (TS) leads (Tenaris (TS) 12.7%, Mayville Engineering Company (MEC) -1.8%).

Which stock has performed better?

Over the past year Tenaris (TS) returned the most: Tenaris (TS) +65.7%, Mayville Engineering Company (MEC) -20.7%, Luda Technology (LUD) -56.0%. Over five years, Tenaris (TS) compounded fastest (Tenaris (TS) +21.5%/yr, Mayville Engineering Company (MEC) -5.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Tenaris (TS) 3.00%. Mayville Engineering Company (MEC) and Luda Technology (LUD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Tenaris (TS) has been the steadiest (Tenaris (TS) 29.0%, Mayville Engineering Company (MEC) 54.6%, Luda Technology (LUD) 144.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TS, MEC and LUD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Tenaris (TS) leads on 10. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.