Tenaris (TS) Operating Expenses (2009 - 2026)

Tenaris (TS) reported Operating Expenses of -$466.6 million for Q1 2026, down 2.08% year-over-year from -$476.5 million in Q1 2025, and down 3.04% quarter-over-quarter from -$452.8 million in Q4 2025.

Tenaris (TS) Operating Expenses (2009 - 2026) Analysis & Trends

Tenaris (TS) has 18 years of Operating Expenses data on file, last reported at -$466.6 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$466.6 million, down 2.08% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.8 billion (up 100.0% YoY), and the FY2025 annual result was $1.8 billion, down 4.01% from the prior year.
  • Operating Expenses declined to -$466.6 million in Q1 2026 per TS's latest filing, from -$452.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$364.9 million in Q1 2022 and troughed at -$496688.0 billion in Q2 2024.
  • A 5-year average of -$29241.6 billion and a median of -$457.1 million in 2025 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 93938652.04% in 2024, then surged 100.0% in 2025.
  • A 5-year view of Operating Expenses shows it stood at -$454.5 million in 2022, then slipped by 3.53% to -$470.5 million in 2023, then grew by 5.22% to -$446.0 million in 2024, then slipped by 1.53% to -$452.8 million in 2025, then declined by 3.04% to -$466.6 million in 2026.
  • Business Quant data shows TS's Operating Expenses at -$466.6 million in Q1 2026, -$452.8 million in Q4 2025, and -$435.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 732.00 Mn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.62 Bn 8.57 Bn - -76.01 Mn
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 1.03 Bn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 238.95 Mn
10 Tenaris 33,177.60 -11.86 Bn 1.05 Bn -466.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -466.59 Mn
Dec 31, 2025 -452.83 Mn
Sep 30, 2025 -434.97 Mn
Jun 30, 2025 -483.63 Mn
Mar 31, 2025 -457.07 Mn
Dec 31, 2024 -445.99 Mn
Sep 30, 2024 -454.02 Mn
Jun 30, 2024 -496,688.00 Bn
Mar 31, 2024 -508.13 Mn
Dec 31, 2023 -470.54 Mn
Sep 30, 2023 -432.68 Mn
Jun 30, 2023 -528.74 Mn
Mar 31, 2023 -487.35 Mn
Dec 31, 2022 -454.48 Mn
Sep 30, 2022 -403.44 Mn
Jun 30, 2022 -411.74 Bn
Mar 31, 2022 -364.92 Mn
Dec 31, 2021 -338.05 Mn
Sep 30, 2021 -316.71 Mn
Jun 30, 2021 -296.79 Mn