Tenaris (TNRSF) Change in Inventory (2021 - 2025)

Tenaris (TNRSF) has reported Change in Inventory for 5 consecutive years, with $3.6 billion the latest figure, recorded in Q4 2025.

• On a quarterly basis, Change in Inventory fell 2.91% year-over-year to $3.6 billion in Q4 2025; TTM through Dec 2025 was $14.6 billion, a 4.67% decrease from a year earlier, with the FY2025 full-year figure at $151.7 million, down 17.98% from the prior year.
• Change in Inventory was $3.6 billion for Q4 2025 at Tenaris, up from $3.5 billion in the prior quarter.
• Over five years, Change in Inventory peaked at $4.0 billion in Q4 2022 and troughed at $1.9 billion in Q1 2021.
• A 5-year average of $3.3 billion and a median of $3.6 billion in 2025 frame the typical range for Change in Inventory.
• Across the five-year window, Change in Inventory soared 58.73% in 2022 and retreated 9.08% in 2025, its largest moves.
• Over 5 years, Change in Inventory stood at $2.7 billion in 2021, then soared by 49.18% to $4.0 billion in 2022, then fell by 1.65% to $3.9 billion in 2023, then retreated by 5.39% to $3.7 billion in 2024, then decreased by 2.91% to $3.6 billion in 2025.
• The last three Change in Inventory figures came in at $3.6 billion (Q4 2025), $3.5 billion (Q2 2025), and $3.7 billion (Q4 2024), per Business Quant data.