Tenaris (TS) Other Working Capital Changes (2021 - 2025)

Tenaris (TS) has 5 years of Other Working Capital Changes data on file, last reported at $4.5 billion in Q4 2025.

• Other Working Capital Changes for Q4 2025 came in at $4.5 billion, down 1.1% year-over-year; the trailing twelve-month figure through Dec 2025 was $18.0 billion (down 5.82% YoY), and the FY2025 annual result was $4.5 billion, down 1.1% from the prior year.
• Other Working Capital Changes rose to $4.5 billion in Q4 2025 per TS's latest filing, from $4.3 billion in the prior quarter.
• Over five years, Other Working Capital Changes peaked at $5.4 billion in Q2 2023 and troughed at $2.1 billion in Q1 2021.
• A 5-year average of $4.0 billion and a median of $4.4 billion in 2022 frame the typical range for Other Working Capital Changes.
• The sharpest annual moves came in 2022 and 2024: Other Working Capital Changes soared 71.16% in 2022, then slipped 12.3% in 2024.
• A 5-year view of Other Working Capital Changes shows it stood at $3.0 billion in 2021, then surged by 66.73% to $5.1 billion in 2022, then retreated by 0.55% to $5.0 billion in 2023, then dropped by 9.93% to $4.5 billion in 2024, then dropped by 1.1% to $4.5 billion in 2025.
• Business Quant data shows TS's Other Working Capital Changes at $4.5 billion in Q4 2025, $4.3 billion in Q2 2025, and $4.5 billion in Q4 2024.