Tenaris (TS) Tax Rate (2016 - 2023)
Tenaris (TS) posted Tax Rate of -14.27% for the quarter ended Jun 30, 2026, up 2.01 percentage points from -16.28% a year earlier and up 1.23 percentage points from the prior quarter.
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Analysis
Tenaris (TS) Tax Rate (2016 - 2023) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Tenaris was -20.22%, down 2.35 percentage points year-over-year; for the year ended Dec 31, 2025, it was -20.24%, down 1.47 percentage points from the prior year.
- Annual Tax Rate shows a five-year change of -23.97 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Tenaris' Tax Rate was -18.76% in the year ended Dec 31, 2024 (-4.19 pp), -14.57% in the year ended Dec 31, 2023 (+4.93 pp), -19.50% in the year ended Dec 31, 2022 (-4.25 pp) and -15.24% in the year ended Dec 31, 2021 (-18.98 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Tax Rate since the quarter ended Mar 31, 2025.
- On a year-over-year basis, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of -3.35 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was the quarter ended Dec 31, 2023, with a gain of 42.58 percentage points; the weakest was the quarter ended Dec 31, 2021, with a drop of 64.45 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was -15.50% (quarter ended Mar 31, 2026), -23.58% (quarter ended Dec 31, 2025) and -27.50% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 24.54% |
| 10 | Tenaris | 59.14 Bn | 22.35 Bn | 984.66 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 18.25% |
| Dec 31, 2020 | 46.76% |
| Dec 31, 2018 | 0.77% |
| Jun 30, 2017 | 11.14% |
| Mar 31, 2017 | 70.74% |
| Dec 31, 2016 | 61.72% |
API Access
Tenaris Tax Rate 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=tax-rate&ticker=TS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=TS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();