Tenaris (TS) Cost of Revenue (2009 - 2026)
Tenaris (TS) recorded Cost of Revenue of $1.98 billion in the quarter ended Jun 30, 2026, down 1.6% from $2.01 billion a year earlier and down 3.3% from the prior quarter.
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Analysis
Tenaris (TS) Cost of Revenue (2009 - 2026) Analysis & Trends
On a TTM basis, Tenaris' Cost of Revenue came in at $7.96 billion as of Jun 30, 2026, up 2.1% year-over-year; for the year ended Dec 31, 2025, it came in at $7.86 billion, down 3.4% from the prior year.
- Annual Cost of Revenue has a five-year compound annual growth rate of 14.0% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Cost of Revenue came in at $8.14 billion in the year ended Dec 31, 2024 (-6.2%), $8.67 billion in the year ended Dec 31, 2023 (+22.3%), $7.09 billion in the year ended Dec 31, 2022 (+53.7%) and $4.61 billion in the year ended Dec 31, 2021 (+12.8%).
- Quarterly Cost of Revenue has ranged from $1.21 billion in the quarter ended Sep 30, 2021 to $2.31 billion in the quarter ended Mar 31, 2023 over the past five years.
- On a year-over-year basis, Cost of Revenue rose in three of the last eight quarters, with an average decline of 2.3%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 72.4% in the quarter ended Mar 31, 2022, against a decline of 10.0% in the quarter ended Mar 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.05 billion (quarter ended Mar 31, 2026), $1.98 billion (quarter ended Dec 31, 2025) and $1.95 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 12.78 Bn |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 5.21 Bn |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 7.95 Bn |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 5.68 Bn |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 3.51 Bn |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 2.04 Bn |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 2.22 Bn |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 3.82 Bn |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 2.40 Bn |
| 10 | Tenaris | 60.02 Bn | 23.22 Bn | 984.66 Mn | 1.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.98 Bn |
| Mar 31, 2026 | 2.05 Bn |
| Dec 31, 2025 | 1.98 Bn |
| Sep 30, 2025 | 1.95 Bn |
| Jun 30, 2025 | 2.01 Bn |
| Mar 31, 2025 | 1.92 Bn |
| Dec 31, 2024 | 1.92 Bn |
| Sep 30, 2024 | 1.94 Bn |
| Jun 30, 2024 | 2.14 Bn |
| Mar 31, 2024 | 2.13 Bn |
| Dec 31, 2023 | 2.12 Bn |
| Sep 30, 2023 | 1.97 Bn |
| Jun 30, 2023 | 2.27 Bn |
| Mar 31, 2023 | 2.31 Bn |
| Dec 31, 2022 | 2.06 Bn |
| Sep 30, 2022 | 1.77 Bn |
| Jun 30, 2022 | 1.74 Bn |
| Mar 31, 2022 | 1.52 Bn |
| Dec 31, 2021 | 1.40 Bn |
| Sep 30, 2021 | 1.21 Bn |
API Access
Tenaris Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();