Tenaris (TS) FCF Margin (2009 - 2026)
Tenaris (TS) posted quarterly FCF Margin of 23.61% for Q1 2026, down 1043.0% year-over-year from 2.5% in Q1 2025, and down 22.25% quarter-over-quarter from 30.37% in Q4 2025.
Tenaris (TS) FCF Margin (2009 - 2026) Analysis & Trends
Tenaris (TS) has reported FCF Margin for 18 consecutive years, with 23.61% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 1043.0% year-over-year to 23.61%; the TTM figure through Mar 2026 stood at 24.29% (up 234.0% YoY), while the FY2025 annual figure was 16.55%, down 80.0% from the prior year.
- FCF Margin slipped to 23.61% in Q1 2026 per TS's latest filing, from 30.37% in the prior quarter.
- Across five years, FCF Margin topped out at 17931.29% in Q2 2022 and bottomed at 1.7% in Q1 2022.
- Historically, FCF Margin has averaged 1077.64% across 5 years, with a median of 26.21% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin surged 1793123 bps — and 2023, when it plunged 1789431 bps.
- Tenaris' FCF Margin stood at 7.76% in 2022, then surged by 278 bps to 29.36% in 2023, then plunged by 66 bps to 9.97% in 2024, then surged by 205 bps to 30.37% in 2025, then declined by 22 bps to 23.61% in 2026.
- Business Quant data shows TS's FCF Margin at 23.61% in Q1 2026, 30.37% in Q4 2025, and 16.91% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 10.03% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 15.50% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | 0.00% |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 17.66% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 10.31% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | -3.00% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 12.04% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | -25.76% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 16.92% |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 4.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.61% |
| Dec 31, 2025 | 30.37% |
| Sep 30, 2025 | 16.91% |
| Jun 30, 2025 | 26.21% |
| Mar 31, 2025 | 34.04% |
| Dec 31, 2024 | 9.97% |
| Sep 30, 2024 | 25.06% |
| Jun 30, 2024 | 33.01% |
| Mar 31, 2024 | 30.77% |
| Dec 31, 2023 | 29.36% |
| Sep 30, 2023 | 45.32% |
| Jun 30, 2023 | 36.98% |
| Mar 31, 2023 | 25.06% |
| Dec 31, 2022 | 7.76% |
| Sep 30, 2022 | 12.49% |
| Jun 30, 2022 | 17,931.29% |
| Mar 31, 2022 | 1.70% |
| Dec 31, 2021 | 4.23% |
| Sep 30, 2021 | 7.25% |
| Jun 30, 2021 | 0.06% |