Tenaris (TS) Operating Expenses (2009 - 2026)
Tenaris (TS) posted quarterly 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 reported Operating Expenses for 18 consecutive years, with -$466.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 2.08% year-over-year to -$466.6 million; the TTM figure through Mar 2026 stood at -$483634.4 billion (up 2.63% YoY), while the FY2025 annual figure was $1.8 billion, down 4.01% from the prior year.
- Operating Expenses slipped to -$466.6 million in Q1 2026 per TS's latest filing, from -$452.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$364.9 million in Q1 2022 and bottomed at -$496688.0 billion in Q2 2024.
- Historically, Operating Expenses has averaged -$57666.3 billion across 5 years, with a median of -$454.5 million in 2022.
- Annual changes were most pronounced in 2024 — Operating Expenses sank 93938652.04% — and 2025, when it increased 10.05%.
- Tenaris' Operating Expenses stood at -$454.5 million in 2022, then dropped by 3.53% to -$470.5 million in 2023, then increased by 5.22% to -$446.0 million in 2024, then dropped by 1.53% to -$452.8 million in 2025, then fell 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 68.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -466.59 Mn |
| Dec 31, 2025 | -452.83 Mn |
| Sep 30, 2025 | -434.97 Mn |
| Jun 30, 2025 | -483,633.00 Bn |
| 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 Mn |
| Mar 31, 2022 | -364.92 Mn |
| Dec 31, 2021 | -338.05 Mn |
| Sep 30, 2021 | -316.71 Mn |
| Jun 30, 2021 | -296.79 Mn |