Tenaris (TS) Other Working Capital Changes (2021 - 2025)
Tenaris (TS) posted quarterly Other Working Capital Changes of -$6.7 million for Q1 2026, down 180.69% year-over-year from $8.3 million in Q1 2025, and down 143.21% quarter-over-quarter from $15.5 million in Q4 2025.
Tenaris (TS) Other Working Capital Changes (2021 - 2025) Analysis & Trends
Tenaris (TS) has reported Other Working Capital Changes for 18 consecutive years, with -$6.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Other Working Capital Changes fell 180.69% year-over-year to -$6.7 million; the TTM figure through Mar 2026 stood at -$9.7 million (up 66.64% YoY), while the FY2025 annual figure was -$5.4 million, up 78.61% from the prior year.
- Other Working Capital Changes declined to -$6.7 million in Q1 2026 per TS's latest filing, from $15.5 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $5.4 billion in Q2 2023 and bottomed at $2.1 billion in Q1 2021.
- Historically, Other Working Capital Changes has averaged $4.0 billion across 5 years, with a median of $4.4 billion in 2022.
- Annual changes were most pronounced in 2023 — Other Working Capital Changes surged 790.45% — and 2025, when it plunged 3015.45%.
- Tenaris' Other Working Capital Changes stood at $7.2 million in 2022, then sank by 109.09% to -$651000.0 in 2023, then tumbled by 2942.7% to -$19.8 million in 2024, then jumped by 178.48% to $15.5 million in 2025, then sank by 143.21% to -$6.7 million in 2026.
- Business Quant data shows TS's Other Working Capital Changes at -$6.7 million in Q1 2026, $15.5 million in Q4 2025, and -$19.2 million in Q3 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 | 4.48 Bn |
| Dec 31, 2025 | 4.48 Bn |
| Dec 31, 2025 | 4.48 Bn |
| Jun 30, 2025 | 4.33 Bn |
| Jun 30, 2025 | 4.33 Bn |
| Jun 30, 2025 | 4.33 Bn |
| Dec 31, 2024 | 4.53 Bn |
| Dec 31, 2024 | 4.53 Bn |
| Dec 31, 2024 | 4.53 Bn |
| Jun 30, 2024 | 4.70 Bn |
| Jun 30, 2024 | 4.70 Bn |
| Jun 30, 2024 | 4.70 Bn |
| Dec 31, 2023 | 5.03 Bn |
| Dec 31, 2023 | 5.03 Bn |
| Dec 31, 2023 | 5.03 Bn |
| Sep 30, 2023 | 4.89 Bn |
| Sep 30, 2023 | 4.89 Bn |
| Sep 30, 2023 | 4.89 Bn |
| Jun 30, 2023 | 5.36 Bn |
| Jun 30, 2023 | 5.36 Bn |