Tenaris (TS) Operating Margin (2009 - 2026)
Tenaris (TS) posted Operating Margin of 16.65% for the quarter ended Jun 30, 2026, down 2.23 percentage points from 18.89% a year earlier and down 2.18 percentage points from the prior quarter.
Tenaris (TS) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Tenaris was 18.51%, down 0.42 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 19.06%, down 0.26 percentage points from the prior year.
- Annual Operating Margin shows a five-year change of +32.07 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Tenaris' Operating Margin was 19.31% in the year ended Dec 31, 2024 (-9.72 pp), 29.03% in the year ended Dec 31, 2023 (+3.84 pp), 25.19% in the year ended Dec 31, 2022 (+14.34 pp) and 10.85% in the year ended Dec 31, 2021 (+23.87 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly Operating Margin since the quarter ended Jun 30, 2024.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -1.97 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was the quarter ended Sep 30, 2021, with a gain of 20.11 percentage points; the weakest was the quarter ended Jun 30, 2024, with a drop of 15.96 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 18.83% (quarter ended Mar 31, 2026), 18.49% (quarter ended Dec 31, 2025) and 20.03% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 330.59 Bn | 302.29 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 198.86 Bn | 193.44 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 172.56 Bn | 140.65 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 152.67 Bn | 149.86 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 115.16 Bn | 113.28 Bn | 2.25 Bn | 23.86% |
| 6 | Vertiv Holdings | 93.47 Bn | 84.09 Bn | 1.23 Bn | 19.48% |
| 7 | Emerson Electric | 93.37 Bn | 86.11 Bn | 2.66 Bn | 26.92% |
| 8 | 3M | 89.54 Bn | 70.99 Bn | 2.78 Bn | 23.66% |
| 9 | Illinois Tool Works | 79.02 Bn | 79.02 Bn | - | - |
| 10 | Tenaris | 63.70 Bn | 34.74 Bn | 984.66 Mn | 16.65% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.65% |
| Mar 31, 2026 | 18.83% |
| Dec 31, 2025 | 18.49% |
| Sep 30, 2025 | 20.03% |
| Jun 30, 2025 | 18.89% |
| Mar 31, 2025 | 18.82% |
| Dec 31, 2024 | 19.63% |
| Sep 30, 2024 | 18.42% |
| Jun 30, 2024 | 15.41% |
| Mar 31, 2024 | 23.58% |
| Dec 31, 2023 | 23.98% |
| Sep 30, 2023 | 26.80% |
| Jun 30, 2023 | 31.37% |
| Mar 31, 2023 | 32.63% |
| Dec 31, 2022 | 27.98% |
| Sep 30, 2022 | 27.00% |
| Jun 30, 2022 | 23.67% |
| Mar 31, 2022 | 20.46% |
| Dec 31, 2021 | 13.29% |
| Sep 30, 2021 | 13.17% |
Tenaris Operating 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=operating-margin&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();