Tenaris (TS) Change in Inventory (2009 - 2025)

Tenaris (TS) has 13 years of Change in Inventory data on file, last reported at $3.6 billion in Q4 2025.

• Change in Inventory for Q4 2025 came in at $3.6 billion, down 2.91% year-over-year; the trailing twelve-month figure through Dec 2025 was $14.6 billion (down 4.67% YoY), and the FY2025 annual result was $151.7 million, down 17.98% from the prior year.
• Change in Inventory improved to $3.6 billion in Q4 2025 per TS's latest filing, from $3.5 billion in the prior quarter.
• Over five years, Change in Inventory peaked at $4.0 billion in Q4 2022 and troughed at $1.9 billion in Q1 2021.
• A 5-year average of $3.3 billion and a median of $3.6 billion in 2025 frame the typical range for Change in Inventory.
• The sharpest annual moves came in 2022 and 2025: Change in Inventory jumped 58.73% in 2022, then decreased 9.08% in 2025.
• A 5-year view of Change in Inventory shows it stood at $2.7 billion in 2021, then jumped by 49.18% to $4.0 billion in 2022, then retreated by 1.65% to $3.9 billion in 2023, then decreased by 5.39% to $3.7 billion in 2024, then slipped by 2.91% to $3.6 billion in 2025.
• Business Quant data shows TS's Change in Inventory at $3.6 billion in Q4 2025, $3.5 billion in Q2 2025, and $3.7 billion in Q4 2024.