Tenaris (TS) Net Margin (2009 - 2026)
Tenaris (TS) recorded Net Margin of 16.59% in the quarter ended Jun 30, 2026, down 0.97 percentage points from 17.56% a year earlier and down 1.61 percentage points from the prior quarter.
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Analysis
Tenaris (TS) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Tenaris' Net Margin came in at 16.36% as of Jun 30, 2026, down 0.95 percentage points year-over-year; for the year ended Dec 31, 2025, it was 24.20%, down 0.17 percentage points from the prior year.
- Annual Net Margin has a five-year change of +38.81 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Net Margin came in at 24.37% in the year ended Dec 31, 2024 (-8.35 pp), 32.72% in the year ended Dec 31, 2023 (+1.71 pp), 31.01% in the year ended Dec 31, 2022 (+10.17 pp) and 20.84% in the year ended Dec 31, 2021 (+35.45 pp).
- Quarterly Net Margin has ranged from 10.48% in the quarter ended Jun 30, 2024 to 28.55% in the quarter ended Dec 31, 2023 over the past five years.
- On a year-over-year basis, Net Margin rose in two of the last eight quarters, with an average year-over-year change of -1.54 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 21.84 percentage points in the quarter ended Sep 30, 2021, against a drop of 17.40 percentage points in the quarter ended Jun 30, 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 18.20% (quarter ended Mar 31, 2026), 15.39% (quarter ended Dec 31, 2025) and 15.20% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 17.49% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 20.20% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 10.94% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 9.62% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 18.96% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 15.20% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 14.73% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 14.35% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 18.95% |
| 10 | Tenaris | 59.14 Bn | 22.35 Bn | 984.66 Mn | 16.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.59% |
| Mar 31, 2026 | 18.20% |
| Dec 31, 2025 | 15.39% |
| Sep 30, 2025 | 15.20% |
| Jun 30, 2025 | 17.56% |
| Mar 31, 2025 | 17.72% |
| Dec 31, 2024 | 18.25% |
| Sep 30, 2024 | 15.75% |
| Jun 30, 2024 | 10.48% |
| Mar 31, 2024 | 21.80% |
| Dec 31, 2023 | 28.55% |
| Sep 30, 2023 | 16.89% |
| Jun 30, 2023 | 27.88% |
| Mar 31, 2023 | 27.27% |
| Sep 30, 2022 | 20.44% |
| Jun 30, 2022 | 22.64% |
| Mar 31, 2022 | 21.25% |
| Dec 31, 2021 | 16.33% |
| Sep 30, 2021 | 18.59% |
| Jun 30, 2021 | 19.23% |
API Access
Tenaris Net 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=net-margin&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();