Tenaris (TS) Return on Capital Employed [ROCE] (2009 - 2026)
Tenaris' Return on Capital Employed [ROCE] was 11.00% in the quarter ended Jun 30, 2026, up 0.06 percentage points from 10.95% a year earlier but down 0.52 percentage points from the prior quarter.
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Analysis
Tenaris (TS) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Capital Employed [ROCE] at Tenaris came in at 11.37%, down 0.35 percentage points from the prior year.
- Return on Capital Employed [ROCE] shows a five-year change of +16.48 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Capital Employed [ROCE] was 11.72% in the year ended Dec 31, 2024 (-10.67 pp), 22.39% in the year ended Dec 31, 2023 (+3.85 pp), 18.53% in the year ended Dec 31, 2022 (+13.51 pp) and 5.03% in the year ended Dec 31, 2021 (+10.14 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between 3.07% (the quarter ended Sep 30, 2021) and 23.51% (the quarter ended Jun 30, 2023) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in two of the last eight quarters, with an average year-over-year change of -3.89 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was the quarter ended Mar 31, 2023 (a gain of 13.51 percentage points); the worst was the quarter ended Sep 30, 2024 (a drop of 10.29 percentage points).
- Per Business Quant data, TS's Return on Capital Employed [ROCE] in the three quarters before the quarter ended Jun 30, 2026 was 11.52% (quarter ended Mar 31, 2026), 11.36% (quarter ended Dec 31, 2025) and 11.28% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 379.87 Bn | 351.57 Bn | 7.76 Bn | 22.08% |
| 2 | Amphenol | 211.41 Bn | 206.11 Bn | 3.55 Bn | 23.04% |
| 3 | Deere | 179.93 Bn | 188.69 Bn | 4.66 Bn | - |
| 4 | Eaton | 169.93 Bn | 167.16 Bn | 2.86 Bn | 12.16% |
| 5 | Parker-Hannifin | 121.78 Bn | 119.91 Bn | 2.25 Bn | 18.77% |
| 6 | Vertiv Holdings | 94.75 Bn | 85.37 Bn | 1.23 Bn | 29.36% |
| 7 | Emerson Electric | 88.42 Bn | 81.17 Bn | 2.66 Bn | 14.90% |
| 8 | 3M | 84.08 Bn | 65.54 Bn | 2.68 Bn | 19.43% |
| 9 | Illinois Tool Works | 74.29 Bn | 70.85 Bn | 1.90 Bn | 41.86% |
| 10 | Tenaris | 59.62 Bn | 22.83 Bn | 984.66 Mn | 11.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.00% |
| Mar 31, 2026 | 11.52% |
| Dec 31, 2025 | 11.36% |
| Sep 30, 2025 | 11.28% |
| Jun 30, 2025 | 10.95% |
| Mar 31, 2025 | 10.58% |
| Dec 31, 2024 | 11.70% |
| Sep 30, 2024 | 12.82% |
| Jun 30, 2024 | 14.25% |
| Mar 31, 2024 | 17.75% |
| Dec 31, 2023 | 21.13% |
| Sep 30, 2023 | 23.11% |
| Jun 30, 2023 | 23.51% |
| Mar 31, 2023 | 21.18% |
| Dec 31, 2022 | 17.23% |
| Sep 30, 2022 | 13.47% |
| Jun 30, 2022 | 10.51% |
| Mar 31, 2022 | 7.68% |
| Dec 31, 2021 | 4.88% |
| Sep 30, 2021 | 3.07% |
API Access
Tenaris Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();