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 10.59%, down 0.68 percentage points from the prior year.
- Return on Invested Capital [ROIC] shows a five-year change of +15.87 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Return on Invested Capital [ROIC] was 11.27% in the year ended Dec 31, 2024 (-11.51 pp), 22.78% in the year ended Dec 31, 2023 (+5.24 pp), 17.54% in the year ended Dec 31, 2022 (+12.65 pp) and 4.89% in the year ended Dec 31, 2021 (+10.18 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 | 256.79 Bn | 228.09 Bn | 7.35 Bn | 16.80% |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 18.53% |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 5.47% |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 10.72% |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 13.34% |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 22.04% |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 10.94% |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 27.11% |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 26.27% |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn | 13.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.00% |
| 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% |
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();