Tenaris (TNRSF) Operating Expenses (2009 - 2026)
Tenaris' (TNRSF) quarterly Operating Expenses came in at -$484.1 million in Q2 2026, little changed year-over-year from -$484.6 million in Q2 2025, and down 3.75% quarter-over-quarter from -$466.6 million in Q1 2026.
Analysis
Tenaris (TNRSF) Operating Expenses (2009 - 2026) Analysis & Trends
Tenaris (TNRSF) has reported Operating Expenses for 18 consecutive years, with -$484.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses changed 0.1% year-over-year to -$484.1 million in Q2 2026; TTM through Jun 2026 was -$1.8 billion, a 0.12% change from a year earlier, with the FY2025 full-year figure at -$1.8 billion, up 4.01% from the prior year.
- Operating Expenses was -$484.1 million for Q2 2026 at Tenaris, down from -$466.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$364.9 million in Q1 2022 and troughed at -$528.7 million in Q2 2023.
- A 5-year average of -$457.7 million and a median of -$455.8 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 43.09% in 2022 and grew 10.05% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at -$454.5 million in 2022, then decreased by 3.53% to -$470.5 million in 2023, then climbed by 5.22% to -$446.0 million in 2024, then decreased by 1.53% to -$452.8 million in 2025, then declined by 6.91% to -$484.1 million in 2026.
- The last three Operating Expenses figures came in at -$484.1 million (Q2 2026), -$466.6 million (Q1 2026), and -$452.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tenaris | 30.37 Bn | 21.60 Bn | 984.66 Mn | -484.11 Mn |
| 2 | Mueller Industries | 13.82 Bn | 12.41 Bn | 395.35 Mn | 85.19 Mn |
| 3 | Arcosa | 7.15 Bn | 6.71 Bn | 155.70 Mn | 89.10 Mn |
| 4 | Azz | 4.15 Bn | 4.15 Bn | 112.17 Mn | 35.14 Mn |
| 5 | Constellium Se | 3.66 Bn | 3.50 Bn | 480.00 Mn | 115.00 Mn |
| 6 | Lci Industries | 2.34 Bn | 2.12 Bn | 301.14 Mn | 143.84 Mn |
| 7 | Worthington Steel | 1.71 Bn | 1.62 Bn | 118.80 Mn | 81.10 Mn |
| 8 | Leggett & Platt | 1.26 Bn | 711.32 Mn | 203.20 Mn | 129.90 Mn |
| 9 | Park Ohio Holdings | 644.47 Mn | 596.17 Mn | 78.90 Mn | 54.40 Mn |
| 10 | Insteel Industries | 593.29 Mn | 570.34 Mn | 20.10 Mn | 8.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -484.11 Mn |
| Mar 31, 2026 | -466.59 Mn |
| Dec 31, 2025 | -452.83 Mn |
| Sep 30, 2025 | -434.97 Mn |
| Jun 30, 2025 | -483.63 Mn |
| Mar 31, 2025 | -457.07 Mn |
| Dec 31, 2024 | -445.99 Mn |
| Sep 30, 2024 | -454.02 Mn |
| Jun 30, 2024 | -496.69 Mn |
| Mar 31, 2024 | -508.13 Mn |
| Dec 31, 2023 | -470.54 Mn |
| Sep 30, 2023 | -432.68 Mn |
| Jun 30, 2023 | -528.74 Mn |
| Mar 31, 2023 | -487.35 Mn |
| Dec 31, 2022 | -454.48 Mn |
| Sep 30, 2022 | -403.44 Mn |
| Jun 30, 2022 | -411.74 Mn |
| Mar 31, 2022 | -364.92 Mn |
| Dec 31, 2021 | -338.05 Mn |
| Sep 30, 2021 | -316.71 Mn |