Tenaris (TNRSF) Operating Margin (2009 - 2026)

Tenaris (TNRSF) has reported Operating Margin for 18 consecutive years, with 16.65% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 223.0% year-over-year to 16.65% in Q2 2026; TTM through Jun 2026 was 18.51%, a 57.0% decrease from a year earlier, with the FY2025 full-year figure at 19.06%, down 26.0% from the prior year.
• Operating Margin was 16.65% for Q2 2026 at Tenaris, down from 18.83% in the prior quarter.
• Over five years, Operating Margin peaked at 32.63% in Q1 2023 and troughed at 15.41% in Q2 2024.
• A 5-year average of 22.14% and a median of 20.25% in 2025 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin jumped 1609 bps in 2022 and tumbled 1596 bps in 2024, its largest moves.
• Over 5 years, Operating Margin stood at 23.95% in 2022, then rose by 0 bps to 23.98% in 2023, then dropped by 18 bps to 19.56% in 2024, then slipped by 5 bps to 18.49% in 2025, then declined by 10 bps to 16.65% in 2026.
• The last three Operating Margin figures came in at 16.65% (Q2 2026), 18.83% (Q1 2026), and 18.49% (Q4 2025), per Business Quant data.