Tenaris SA annual operating margin
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Tenaris SA Operating Margin Growth & History (TS)
Tenaris SA's operating margin was 19.06% for fiscal 2025.
View full Tenaris SA company overviewTenaris SA annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 19.06% | −0.26 pp |
| 2024 | 2024-12-31 | 19.31% | −9.72 pp |
| 2023 | 2023-12-31 | 29.03% | +3.84 pp |
| 2022 | 2022-12-31 | 25.19% | +14.34 pp |
| 2021 | 2021-12-31 | 10.85% | +23.73 pp |
| 2020 | 2020-12-31 | −12.88% | −24.30 pp |
| 2019 | 2019-12-31 | 11.41% | +0.03 pp |
| 2018 | 2018-12-31 | 11.38% | +5.06 pp |
| 2017 | 2017-12-31 | 6.33% | +7.70 pp |
| 2016 | 2016-12-31 | −1.38% | −3.78 pp |
| 2015 | 2015-12-31 | 2.40% | — |
Tenaris SA quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 16.65% | −2.23 pp |
| Q1 2026 | 2026-03-31 | 18.93% | — |
| Q4 2025 | 2025-12-31 | 18.84% | — |
| Q3 2025 | 2025-09-30 | 20.03% | — |
| Q2 2025 | 2025-06-30 | 18.89% | — |
Tenaris SA operating margin trends
Over the last five fiscal years, Tenaris SA's operating margin increased from −12.88% to 19.06%, a change of +31.94 percentage points. The latest reported quarter, Q2 2026, shows 16.65%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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