Tenaris TNRSF
NYSE TNRSF
$28.33 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%