Tenaris (TS) Gross Margin (2009 - 2026)
Tenaris' (TS) quarterly Gross Margin came in at 33.87% in Q1 2026, down 40.0% year-on-year from 56.45% in Q1 2025, and little changed on a QoQ basis from 33.89% in Q4 2025.
Tenaris (TS) Gross Margin (2009 - 2026) Analysis & Trends
Tenaris (TS) has 18 years of Gross Margin data on file, last reported at 33.87% in Q1 2026.
- On a quarterly basis, Gross Margin fell 40.0% year-over-year to 33.87% in Q1 2026; TTM through Mar 2026 was 34.13%, a 849.0% increase from a year earlier, with the FY2025 full-year figure at 34.39%, down 65.0% from the prior year.
- Gross Margin for Q1 2026 stood at 33.87%, roughly flat from 33.89% in the prior quarter.
- Over the last five years, Gross Margin for TS reached as high as 44362.89% in Q2 2023 and fell as low as 13.65% in Q4 2024.
- Historically, Gross Margin has averaged 2641.75% across 5 years, with a median of 35.47% in 2024.
- Across the five-year window, Gross Margin jumped 4432485 bps in 2023 and plunged 4432742 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 19.11% in 2022, then surged by 98 bps to 37.9% in 2023, then slumped by 64 bps to 13.65% in 2024, then jumped by 148 bps to 33.89% in 2025, then decreased by 0 bps to 33.87% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 33.87% in Q1 2026, 33.89% in Q4 2025, and 34.65% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 49.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.87% |
| Dec 31, 2025 | 33.89% |
| Sep 30, 2025 | 34.65% |
| Jun 30, 2025 | 34.74% |
| Mar 31, 2025 | 34.27% |
| Dec 31, 2024 | 13.65% |
| Sep 30, 2024 | 33.61% |
| Jun 30, 2024 | 35.47% |
| Mar 31, 2024 | 37.99% |
| Dec 31, 2023 | 37.90% |
| Sep 30, 2023 | 39.05% |
| Jun 30, 2023 | 44,362.89% |
| Mar 31, 2023 | 44.27% |
| Dec 31, 2022 | 19.11% |
| Sep 30, 2022 | 40.62% |
| Jun 30, 2022 | 38.03% |
| Mar 31, 2022 | 35.70% |
| Dec 31, 2021 | 24.24% |
| Sep 30, 2021 | 30.75% |
| Jun 30, 2021 | 27.13% |