TS
Tenaris S.A.
NYSEUSDEQUITY
Energy
DELAYED
Buy
+37/100
Last price
56.87
▼ 1.59 (2.72%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
58.46
Day high
57.31
Day low
55.96
Volume
2.04M
Market cap
$28.71B
P/E (TTM)
15.17
52W range
33.65 – 64.60
Trailing performance
Returnvs SPY
1W
+3.31%
+1.4%
1M
+0.74%
-0.4%
3M
+3.16%
-1.4%
6M
-3.18%
-21.4%
YTD
+47.91%
+33.7%
1Y
+56.32%
+39.9%
3Y
+79.97%
-2.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on TS open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap$28.71B
Enterprise value$55.34B
Revenue (TTM)$12.04B
Gross profit$4.63B
EBITDA$2.74B
Net income$1.91B
EPS (TTM)$3.75
Free cash flow$865.10M
Total cash$2.78B
Total debt$446.95M
Book value / share$16.80
Shares outstanding504.82M
Float318.76M
Short % of float2.42%
Dividend yield3.13%
Beta (5Y)0.48
Valuation & profitability ratios
Trailing P/E15.17
Forward P/E13.43
PEG ratio3.15
Price / sales—
Price / book3.38
EV / revenue4.60
EV / EBITDA20.18
Gross margin38.45%
Operating margin16.65%
Profit margin15.88%
Return on equity11.58%
Return on assets6.79%
Debt / equity2.60
Current ratio4.07
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $11.98B | $12.52B | $14.87B | $11.76B | -4.3% |
| Operating revenue | $11.98B | $12.52B | $14.87B | $11.76B | -4.3% |
| Cost of revenue | $7.86B | $8.14B | $8.67B | $7.09B | -3.4% |
| Gross profit | $4.12B | $4.39B | $6.20B | $4.67B | -6.1% |
| Selling, general & admin | $1.59B | $1.62B | $1.62B | $1.40B | -2.1% |
| Total operating expense | $1.83B | $1.87B | $1.93B | $1.63B | -2.2% |
| Operating income | $2.29B | $2.52B | $4.27B | $3.04B | -9.0% |
| Net interest income | $165.46M | $67.90M | -$54.00K | $10.06M | +143.7% |
| Pre-tax income | $2.47B | $2.56B | $4.63B | $3.17B | -3.2% |
| Tax provision | $500.62M | $479.68M | $674.96M | $617.24M | +4.4% |
| Net income | $1.93B | $2.04B | $3.92B | $2.55B | -5.1% |
| Net income to common | $1.93B | $2.04B | $3.92B | $2.55B | -5.1% |
| Basic EPS | 3.66 | 3.62 | 6.64 | 4.32 | +1.1% |
| Diluted EPS | 3.66 | 3.62 | 6.64 | 4.32 | +1.1% |
| EBIT | $2.52B | $2.62B | $4.74B | $3.21B | -3.7% |
| EBITDA | $3.14B | $3.25B | $5.29B | $3.82B | -3.5% |
| Basic shares | 527.96M | 563.75M | 589.37M | 590.27M | -6.3% |
| Diluted shares | — | 563.75M | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $572.65M | $675.26M | $1.64B | $1.09B | -15.2% |
| Cash & short-term investments | $2.88B | $3.05B | $3.61B | $1.53B | -5.5% |
| Accounts receivable | $1.92B | $1.91B | $2.48B | $2.49B | +0.7% |
| Inventory | $3.60B | $3.71B | $3.92B | $3.99B | -2.9% |
| Total current assets | $9.07B | $9.24B | $10.50B | $8.47B | -1.8% |
| Property, plant & equipment | $6.35B | $6.27B | $6.21B | $5.67B | +1.3% |
| Goodwill & intangibles | $1.36B | $1.36B | $1.38B | $1.33B | -0.0% |
| Total assets | $20.07B | $20.45B | $21.08B | $17.55B | -1.8% |
| Total current liabilities | $2.35B | $2.64B | $2.90B | $2.79B | -11.0% |
| Current debt | $305.35M | $426.00M | $535.13M | $682.33M | -28.3% |
| Long-term debt | $368.00K | $11.40M | $48.30M | $46.43M | -96.8% |
| Total debt | $448.97M | $582.32M | $717.87M | $840.94M | -22.9% |
| Total liabilities | $3.24B | $3.64B | $4.05B | $3.52B | -10.8% |
| Retained earnings | $17.88B | $17.74B | $16.74B | $13.46B | +0.8% |
| Shareholder equity | $16.60B | $16.59B | $16.84B | $13.91B | +0.0% |
| Working capital | $6.73B | $6.60B | $7.60B | $5.68B | +1.9% |
| Net tangible assets | $15.24B | $15.24B | $15.47B | $12.57B | +0.0% |
| Shares issued | 1.07B | 1.16B | 1.18B | 1.18B | -7.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.97B | $2.08B | $3.96B | $2.55B | -5.0% |
| Depreciation & amortisation | $616.17M | $632.85M | $548.51M | $607.72M | -2.6% |
| Change in working capital | $47.77M | $286.92M | $182.43M | -$2.13B | -83.3% |
| Operating cash flow | $2.60B | $2.87B | $4.40B | $1.17B | -9.3% |
| Capital expenditure | -$617.18M | -$704.35M | -$619.45M | -$397.35M | +12.4% |
| Investing cash flow | -$192.60M | -$1.40B | -$2.69B | -$163.56M | +86.2% |
| Share buybacks | -$1.36B | -$1.44B | -$213.74M | $0 | +5.4% |
| Dividends paid | -$900.36M | -$757.79M | -$636.51M | -$531.24M | -18.8% |
| Financing cash flow | -$2.48B | -$2.40B | -$1.13B | -$178.34M | -3.3% |
| Free cash flow | $1.98B | $2.16B | $3.78B | $769.87M | -8.3% |
| End cash position | $572.44M | $660.80M | $1.62B | $1.09B | -13.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $2.97B | $3.10B | $3.00B | $2.98B | $3.09B | — | -4.3% |
| Operating revenue | $2.97B | $3.10B | $3.00B | $2.98B | $3.09B | — | -4.3% |
| Cost of revenue | $1.98B | $2.05B | $1.98B | $1.95B | $2.01B | — | -3.3% |
| Gross profit | $984.66M | $1.05B | $1.02B | $1.03B | $1.07B | — | -6.2% |
| Selling, general & admin | $484.11M | $403.39M | $210.35M | $434.97M | $483.63M | — | +20.0% |
| Total operating expense | $490.66M | $463.08M | $450.84M | $435.38M | $489.30M | — | +6.0% |
| Operating income | $494.00M | $587.05M | $564.16M | $596.63M | $582.73M | — | -15.9% |
| Net interest income | $32.11M | $53.14M | $61.87M | $36.67M | $31.66M | — | -39.6% |
| Pre-tax income | $574.07M | $667.64M | $603.30M | $624.34M | $647.05M | — | -14.0% |
| Tax provision | $81.94M | $103.48M | $142.23M | $171.70M | $105.34M | — | -20.8% |
| Net income | $477.14M | $540.70M | $448.87M | $445.69M | $531.32M | — | -11.8% |
| Net income to common | $477.14M | $540.70M | $448.87M | $445.69M | $531.32M | — | -11.8% |
| Basic EPS | 0.94 | 1.08 | 0.89 | 0.86 | 1.00 | — | -13.0% |
| Diluted EPS | 0.94 | 1.08 | 0.89 | 0.86 | — | 0.94 | -13.0% |
| EBIT | $585.98M | $679.30M | $619.14M | $633.98M | $656.76M | — | -13.7% |
| EBITDA | $741.31M | $830.74M | $782.06M | $790.82M | $806.76M | — | -10.8% |
| Basic shares | 504.82M | 505.10M | 505.91M | 524.07M | — | 538.49M | -0.1% |
| Diluted shares | 504.82M | 505.10M | 505.91M | 524.07M | — | 538.49M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $557.06M | $1.15B | $572.65M | $547.18M | $572.29M | -51.6% |
| Cash & short-term investments | $2.78B | $3.42B | $2.88B | $2.99B | $3.05B | -18.6% |
| Accounts receivable | $2.10B | $2.19B | $1.92B | $2.46B | $2.14B | -4.1% |
| Inventory | $3.72B | $3.61B | $3.60B | $3.51B | $3.49B | +3.0% |
| Total current assets | $9.02B | $9.60B | $9.07B | $9.36B | $9.16B | -6.0% |
| Property, plant & equipment | $6.29B | $6.32B | $6.35B | $6.36B | $6.32B | -0.3% |
| Goodwill & intangibles | $1.36B | $1.36B | $1.36B | $1.36B | $1.36B | -0.0% |
| Total assets | $20.31B | $20.51B | $20.07B | $20.47B | $20.41B | -1.0% |
| Total current liabilities | $2.22B | $2.32B | $2.35B | $2.29B | $2.68B | -4.2% |
| Current debt | $301.53M | $331.09M | $305.35M | $325.34M | $319.92M | -8.9% |
| Long-term debt | $357.00K | $360.00K | $368.00K | $2.25M | $4.36M | -0.8% |
| Total debt | $446.95M | $473.52M | $448.97M | $477.51M | $472.37M | -5.6% |
| Total liabilities | $3.09B | $3.17B | $3.24B | $3.21B | $3.61B | -2.4% |
| Retained earnings | $17.15B | $18.42B | $17.88B | $17.73B | $17.30B | -6.9% |
| Shareholder equity | $16.96B | $17.09B | $16.60B | $17.04B | $16.58B | -0.8% |
| Working capital | $6.81B | $7.28B | $6.73B | $7.06B | $6.48B | -6.6% |
| Net tangible assets | $15.61B | $15.74B | $15.24B | $15.68B | $15.22B | -0.8% |
| Shares issued | 1.01B | 1.07B | 1.07B | 1.07B | 1.07B | -5.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $492.13M | $564.16M | $461.06M | $452.65M | $541.71M | -12.8% |
| Depreciation & amortisation | $155.33M | $151.44M | $162.92M | $156.84M | $150.00M | +2.6% |
| Change in working capital | $37.00K | -$83.76M | $109.88M | -$312.42M | $26.50M | +100.0% |
| Operating cash flow | $517.52M | $617.64M | $787.18M | $318.25M | $673.15M | -16.2% |
| Capital expenditure | -$121.46M | -$114.48M | -$121.59M | -$180.45M | -$154.22M | -6.1% |
| Investing cash flow | -$451.02M | $33.84M | $123.82M | $34.19M | $36.41M | -1,432.6% |
| Share buybacks | $0 | -$89.56M | -$536.92M | -$351.46M | -$236.74M | +100.0% |
| Dividends paid | — | — | -$300.04M | $0 | -$600.32M | — |
| Financing cash flow | -$654.59M | -$78.46M | -$880.54M | -$367.22M | -$896.67M | -734.3% |
| Free cash flow | $396.07M | $503.17M | $665.59M | $137.81M | $518.92M | -21.3% |
| End cash position | $556.98M | $1.15B | $572.44M | $546.96M | $571.49M | -51.7% |
Options analytics
Put / call volume
1.13
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
50.00
-12.1% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
+18.7%
Puts bid over calls
Call volume
16
Contracts, this expiry
Put volume
18
Contracts, this expiry
Heaviest call OI
52.50
0 contracts
Heaviest put OI
50.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.82 | 0.95 | +15.7% |
| Mar 2026 | 0.87 | 1.07 | +22.6% |
| Dec 2025 | 0.79 | 0.87 | +10.5% |
| Sep 2025 | 0.75 | 0.85 | +13.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.84 | 5 | $3.00B | +0.7% |
| Next quarter | 0.99 | 5 | $3.21B | +7.3% |
| Current year | 3.79 | 7 | $12.27B | +2.4% |
| Next year | 4.24 | 8 | $13.05B | +6.4% |
Analyst targets & ownership
Mean target$64.79
High target$80.00
Low target$42.00
Implied upside13.93%
Analyst count12
ConsensusBUY
Strong buy / Buy2 / 5
Hold4
Sell / Strong sell0 / 1
Held by insiders0.00%
Held by institutions7.80%
Institutions holding343
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
56.04
+1.47% from price
SMA 20
56.23
+1.14% from price
SMA 50
55.38
+2.69% from price
SMA 100
57.13
-0.46% from price
SMA 200
54.45
+4.45% from price
EMA 12
56.27
+1.06% from price
EMA 26
55.99
+1.57% from price
EMA 50
55.99
+1.58% from price
RSI (14)
54.5
Neutral
MACD (12,26,9)
0.28
Hist 0.11
ATR (14)
1.29
2.28% of price
Realised vol 30D
26.6%
Annualised
Bollinger upper
57.96
20, 2σ
Bollinger lower
54.49
20, 2σ
50 / 200 cross
Golden
55.38 vs 54.45
Trend bias
Above 200
+4.45%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.42
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
26.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-17.8%
Peak to trough
Max drawdown 5Y
-33.7%
Peak to trough
ATR 14
1.29
2.28% of price
Beta (reported)
0.48
5Y monthly, from filing
Short interest
Shares short
3.85M
Prior 3.55M
Change vs prior
+8.4%
Shorts adding
% of float
2.42%
Normal
% of shares out
0.76%
Against total outstanding
Days to cover
3.0
Liquid
Float
318.76M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Aug 20, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Aug 10, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Aug 7, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jul 15, 26 | Morgan Stanley | UPGRADE | Underweight | Equal-Weight |
| May 18, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| May 8, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 20, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 15, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Apr 15, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Feb 23, 26 | Morgan Stanley | MAINTAINED | Underweight | Underweight |
| Feb 23, 26 | Stifel | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$1.78 / yr
Forward yield3.13%
5-year avg yield3.08%
Payout ratio47.53%
Ex-dividend dateNov 24, 2026
Next pay dateMay 28, 2026
Last split5:1
Split dateApr 27, 2006
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-11
Corporate Changes & Voting Matters
6-K · 2026-08-07
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-22
Corporate Changes & Voting Matters
6-K · 2026-05-13
Corporate Changes & Voting Matters
6-K · 2026-05-11
Corporate Changes & Voting Matters
6-K · 2026-05-07
Corporate Changes & Voting Matters
6-K · 2026-04-13
Periodic Financial Reports
20-F · 2026-03-31
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PRIVATE STRATEGY · BY QUALIFICATION
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