Tenaris (TS) Gross Margin (2009 - 2026)
Tenaris (TS) reported Gross Margin of 33.19% for the quarter ended Jun 30, 2026, down 1.55 percentage points from 34.74% a year earlier and down 0.68 percentage points from the prior quarter.
Tenaris (TS) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tenaris' Gross Margin came in at 33.90%, up 0.11 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 34.39%, down 0.65 percentage points from the prior year.
- Gross Margin has a five-year change of +13.81 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Gross Margin came in at 35.04% in the year ended Dec 31, 2024 (-6.66 pp), 41.70% in the year ended Dec 31, 2023 (+1.95 pp), 39.74% in the year ended Dec 31, 2022 (+10.46 pp) and 29.28% in the year ended Dec 31, 2021 (+8.70 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the lowest quarterly Gross Margin since the quarter ended Dec 31, 2024.
- Year over year, Gross Margin gained in two of the last eight quarters, with an average year-over-year change of -1.85 percentage points.
- The high point for year-over-year Gross Margin in five years was the quarter ended Sep 30, 2021 (a gain of 15.26 percentage points); the low point was the quarter ended Jun 30, 2024 (a drop of 8.90 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 33.87% (quarter ended Mar 31, 2026), 33.89% (quarter ended Dec 31, 2025) and 34.65% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 282.34 Bn | 282.34 Bn | - | - |
| 2 | Amphenol | 196.37 Bn | 189.89 Bn | 4.02 Bn | - |
| 3 | Deere | 180.40 Bn | 148.49 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 142.03 Bn | 139.22 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 117.42 Bn | 115.55 Bn | 2.25 Bn | 39.04% |
| 6 | Emerson Electric | 93.00 Bn | 85.73 Bn | 2.66 Bn | 54.48% |
| 7 | 3M | 92.98 Bn | 74.42 Bn | 2.78 Bn | 42.27% |
| 8 | Vertiv Holdings | 86.47 Bn | 75.32 Bn | 1.64 Bn | 38.11% |
| 9 | Illinois Tool Works | 82.63 Bn | 79.31 Bn | 1.91 Bn | 45.09% |
| 10 | Tenaris | 61.14 Bn | 32.18 Bn | 984.66 Mn | 33.19% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.19% |
| 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 | 32.44% |
| 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 | 44.36% |
| Mar 31, 2023 | 44.27% |
| Dec 31, 2022 | 42.99% |
| Sep 30, 2022 | 40.62% |
| Jun 30, 2022 | 38.03% |
| Mar 31, 2022 | 35.70% |
| Dec 31, 2021 | 31.93% |
| Sep 30, 2021 | 30.75% |
Tenaris Gross Margin 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=gross-margin&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();