Tenaris (TNRSF) Gross Margin (2009 - 2026)
Tenaris' (TNRSF) quarterly Gross Margin came in at 33.19% in Q2 2026, down 155.0% year-over-year from 60.35% in Q2 2025, and down 2.0% quarter-over-quarter from 33.87% in Q1 2026.
Analysis
Tenaris (TNRSF) Gross Margin (2009 - 2026) Analysis & Trends
Tenaris (TNRSF) has reported Gross Margin for 18 consecutive years, with 33.19% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 155.0% year-over-year to 33.19% in Q2 2026; TTM through Jun 2026 was 33.9%, a 855.0% increase from a year earlier, with the FY2025 full-year figure at 34.39%, down 65.0% from the prior year.
- Gross Margin was 33.19% for Q2 2026 at Tenaris, down from 33.87% in the prior quarter.
- Over five years, Gross Margin peaked at 44.36% in Q2 2023 and troughed at 13.65% in Q4 2024.
- A 5-year average of 34.69% and a median of 35.1% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 2426 bps in 2024 and surged 2024 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 19.11% in 2022, then jumped by 98 bps to 37.9% in 2023, then slumped by 64 bps to 13.65% in 2024, then soared by 148 bps to 33.89% in 2025, then decreased by 2 bps to 33.19% in 2026.
- The last three Gross Margin figures came in at 33.19% (Q2 2026), 33.87% (Q1 2026), and 33.89% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tenaris | 30.37 Bn | 21.60 Bn | 984.66 Mn | 33.19% |
| 2 | Mueller Industries | 13.82 Bn | 12.40 Bn | 395.35 Mn | 27.69% |
| 3 | Arcosa | 7.15 Bn | 6.71 Bn | 155.70 Mn | 23.64% |
| 4 | Azz | 4.14 Bn | 4.14 Bn | 112.17 Mn | 25.01% |
| 5 | Constellium Se | 3.67 Bn | 3.51 Bn | 480.00 Mn | 17.47% |
| 6 | Lci Industries | 2.34 Bn | 2.12 Bn | 301.14 Mn | 31.09% |
| 7 | Worthington Steel | 1.71 Bn | 1.62 Bn | 118.80 Mn | 12.79% |
| 8 | Leggett & Platt | 1.26 Bn | 711.32 Mn | 203.20 Mn | 20.33% |
| 9 | Park Ohio Holdings | 646.77 Mn | 598.47 Mn | 78.90 Mn | 17.93% |
| 10 | Insteel Industries | 593.68 Mn | 570.73 Mn | 20.10 Mn | 10.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.19% |
| Mar 31, 2026 | 33.87% |
| Dec 31, 2025 | 33.89% |
| Sep 30, 2025 | 34.65% |
| Jun 30, 2025 | 34.74% |
| Mar 31, 2025 | 34.27% |
| Dec 31, 2024 | 13.65% |
| Sep 30, 2024 | 33.61% |
| Jun 30, 2024 | 35.47% |
| Mar 31, 2024 | 37.99% |
| Dec 31, 2023 | 37.90% |
| Sep 30, 2023 | 39.05% |
| Jun 30, 2023 | 44.36% |
| Mar 31, 2023 | 44.27% |
| Dec 31, 2022 | 19.11% |
| Sep 30, 2022 | 40.62% |
| Jun 30, 2022 | 38.03% |
| Mar 31, 2022 | 35.70% |
| Dec 31, 2021 | 24.24% |
| Sep 30, 2021 | 30.75% |