Tenaris (TNRSF) Change in Working Capital (2009 - 2026)

Tenaris (TNRSF) reported Change in Working Capital of -$83.8 million for Q1 2026, down 137.42% year-over-year from $223.8 million in Q1 2025, and down 176.23% quarter-over-quarter from $109.9 million in Q4 2025.

Tenaris (TNRSF) Change in Working Capital (2009 - 2026) Analysis & Trends

Tenaris (TNRSF) has 18 years of Change in Working Capital data on file, last reported at -$83.8 million in Q1 2026.

  • Change in Working Capital for Q1 2026 came in at -$83.8 million, down 137.42% year-over-year; the trailing twelve-month figure through Mar 2026 was -$259.8 million (down 149.93% YoY), and the FY2025 annual result was -$47.8 million, up 83.35% from the prior year.
  • Change in Working Capital retreated to -$83.8 million in Q1 2026 per TNRSF's latest filing, from $109.9 million in the prior quarter.
  • Over five years, Change in Working Capital peaked at $414.9 million in Q3 2023 and troughed at -$682.1 million in Q4 2022.
  • A 5-year average of -$99.9 million and a median of -$36.6 million in 2024 frame the typical range for Change in Working Capital.
  • On a YoY basis, Change in Working Capital climbed as much as 2444.12% in 2025 and fell as far as 750.84% in 2025.
  • A 5-year view of Change in Working Capital shows it stood at -$682.1 million in 2022, then jumped by 90.37% to -$65.7 million in 2023, then soared by 44.28% to -$36.6 million in 2024, then soared by 400.18% to $109.9 million in 2025, then plunged by 176.23% to -$83.8 million in 2026.
  • Business Quant data shows TNRSF's Change in Working Capital at -$83.8 million in Q1 2026, $109.9 million in Q4 2025, and -$312.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Working Cap. (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn -
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn -
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn -
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 42.00 Mn
5 Enerflex 8.62 Bn 8.57 Bn - -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn -
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn -
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn -
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn -
10 Tenaris - - 1.05 Bn -83.76 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -83.76 Mn
Mar 31, 2026 -83.76 Mn
Dec 31, 2025 109.88 Mn
Dec 31, 2025 109.88 Mn
Sep 30, 2025 -312.42 Mn
Sep 30, 2025 -312.42 Mn
Jun 30, 2025 26.50 Mn
Jun 30, 2025 26.50 Mn
Mar 31, 2025 223.82 Mn
Mar 31, 2025 223.82 Mn
Dec 31, 2024 -36.60 Mn
Dec 31, 2024 -36.60 Mn
Sep 30, 2024 48.00 Mn
Sep 30, 2024 48.00 Mn
Jun 30, 2024 285.07 Mn
Jun 30, 2024 285.07 Mn
Mar 31, 2024 -9.55 Mn
Mar 31, 2024 -9.55 Mn
Dec 31, 2023 -65.70 Mn
Dec 31, 2023 -65.70 Mn