Tenaris (TS) Operating Leases (2018 - 2025)
Tenaris (TS) posted quarterly Operating Leases of $94.9 million for Q4 2025, down 34.52% year-over-year from $144.9 million in Q4 2024, and down 36.7% quarter-over-quarter from $149.9 million in Q3 2025.
Tenaris (TS) Operating Leases (2018 - 2025) Analysis & Trends
Tenaris (TS) has reported Operating Leases for 8 consecutive years, with $94.9 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Leases fell 34.52% year-over-year to $94.9 million; the TTM figure through Dec 2025 stood at $94.9 million (down 34.52% YoY), while the FY2025 annual figure was $94.9 million, down 34.52% from the prior year.
- Operating Leases slipped to $94.9 million in Q4 2025 per TS's latest filing, from $149.9 million in the prior quarter.
- Across five years, Operating Leases topped out at $220.1 million in Q3 2021 and bottomed at $232598.0 in Q1 2021.
- Historically, Operating Leases has averaged $123.6 million across 5 years, with a median of $123.9 million in 2022.
- Annual changes were most pronounced in 2021 — Operating Leases plunged 54.42% — and 2022, when it jumped 53157.55%.
- Tenaris' Operating Leases stood at $117.3 million in 2021, then fell by 4.36% to $112.2 million in 2022, then climbed by 19.84% to $134.4 million in 2023, then climbed by 7.81% to $144.9 million in 2024, then slumped by 34.52% to $94.9 million in 2025.
- Business Quant data shows TS's Operating Leases at $94.9 million in Q4 2025, $149.9 million in Q3 2025, and $145.2 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 94.90 Mn |
| Sep 30, 2025 | 149.92 Mn |
| Mar 31, 2025 | 145.21 Mn |
| Dec 31, 2024 | 144.93 Mn |
| Dec 31, 2023 | 134.43 Mn |
| Dec 31, 2022 | 112.18 Mn |
| Sep 30, 2022 | 116.05 Mn |
| Mar 31, 2022 | 123.88 Mn |
| Dec 31, 2021 | 117.29 Mn |
| Sep 30, 2021 | 220.12 Mn |
| Mar 31, 2021 | 232,598.00 |
| Dec 31, 2020 | 257.34 Mn |
| Dec 31, 2019 | 230.17 Mn |
| Sep 30, 2019 | 239,474.00 |
| Mar 31, 2019 | 229,704.00 |
| Dec 31, 2018 | 234.15 Mn |