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| Date | Value |
|---|---|
| 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 |