Tenaris (TNRSF) Operating Margin (2009 - 2026)

Tenaris (TNRSF) has 18 years of Operating Margin data on file, last reported at 18.83% in Q1 2026.

• Operating Margin for Q1 2026 came in at 18.83%, up 1.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.26% (down 370.0% YoY), and the FY2025 annual result was 19.06%, down 26.0% from the prior year.
• Operating Margin rose to 18.83% in Q1 2026 per TNRSF's latest filing, from 18.49% in the prior quarter.
• Over five years, Operating Margin peaked at 32.63% in Q1 2023 and troughed at 0.0% in Q2 2023.
• A 5-year average of 19.75% and a median of 20.03% in 2025 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2022 and 2023: Operating Margin surged 1609 bps in 2022, then sank 2367 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 27.98% in 2022, then declined by 14 bps to 23.98% in 2023, then decreased by 18 bps to 19.63% in 2024, then retreated by 6 bps to 18.49% in 2025, then climbed by 2 bps to 18.83% in 2026.
• Business Quant data shows TNRSF's Operating Margin at 18.83% in Q1 2026, 18.49% in Q4 2025, and 20.03% in Q3 2025.