Tenaris (TS) Return on Invested Capital [ROIC] (2009 - 2026)
Tenaris' Return on Invested Capital [ROIC] was 12.66% in the quarter ended Jun 30, 2026, down 0.12 percentage points from 12.78% a year earlier and down 0.65 percentage points from the prior quarter.
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Analysis
Tenaris (TS) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Return on Invested Capital [ROIC] at Tenaris came in at 13.28%, down 0.60 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a five-year change of +18.36 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was 13.88% in the year ended Dec 31, 2024 (-12.79 pp), 26.66% in the year ended Dec 31, 2023 (+4.87 pp), 21.79% in the year ended Dec 31, 2022 (+16.01 pp) and 5.78% in the year ended Dec 31, 2021 (+10.86 pp).
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Return on Invested Capital [ROIC] since the quarter ended Mar 31, 2025.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in 1 of the last eight quarters, with an average year-over-year change of -4.90 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was the quarter ended Mar 31, 2023 (a gain of 16.11 percentage points); the worst was the quarter ended Sep 30, 2024 (a drop of 12.45 percentage points).
- Per Business Quant data, TS's Return on Invested Capital [ROIC] in the three quarters before the quarter ended Jun 30, 2026 was 13.31% (quarter ended Mar 31, 2026), 13.15% (quarter ended Dec 31, 2025) and 13.18% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 15.86% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 16.52% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 9.33% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 10.34% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 15.40% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 23.98% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 10.94% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 22.67% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 27.10% |
| 10 | Tenaris | 60.02 Bn | 23.22 Bn | 984.66 Mn | 12.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.66% |
| Mar 31, 2026 | 13.31% |
| Dec 31, 2025 | 13.15% |
| Sep 30, 2025 | 13.18% |
| Jun 30, 2025 | 12.78% |
| Mar 31, 2025 | 12.33% |
| Dec 31, 2024 | 13.75% |
| Sep 30, 2024 | 15.64% |
| Jun 30, 2024 | 17.41% |
| Mar 31, 2024 | 21.06% |
| Dec 31, 2023 | 24.92% |
| Sep 30, 2023 | 28.09% |
| Jun 30, 2023 | 28.79% |
| Mar 31, 2023 | 25.07% |
| Dec 31, 2022 | 21.77% |
| Sep 30, 2022 | 18.14% |
| Jun 30, 2022 | 13.18% |
| Mar 31, 2022 | 8.96% |
| Dec 31, 2021 | 5.93% |
| Sep 30, 2021 | 3.93% |
API Access
Tenaris Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();