Tenaris SA ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Tenaris SA ADR reported revenue of $12.0B (-4.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $12.0B | $12.5B | $14.9B | $11.8B |
| Cost of sales | ($7.9B) | ($8.1B) | ($8.7B) | ($7.1B) |
| Gross profit | $4.1B | $4.4B | $6.2B | $4.7B |
| Selling, general and administrative expenses | ($1.8B) | ($1.9B) | ($1.9B) | ($1.6B) |
| Other operating income | $23.8M | $60.6M | $53.0M | $104.5M |
| Other operating expenses | ($32.5M) | ($125.4M) | ($17.3M) | ($104.7M) |
| Operating income | $2.3B | $2.4B | $4.3B | $3.0B |
| Finance income | $252.2M | $242.3M | $213.5M | $80.0M |
| Finance cost | ($46.9M) | ($61.2M) | ($106.9M) | ($45.9M) |
| Other financial results, net | ($72.7M) | ($52.1M) | $114.4M | ($40.1M) |
| Income before equity in earnings of non-consolidated companies and income tax | $2.4B | $2.5B | $4.5B | $3.0B |
| Equity in earnings of non-consolidated companies | $58.0M | $8.5M | $95.4M | $208.7M |
| Income before income tax | $2.5B | $2.6B | $4.6B | $3.2B |
| Income tax | ($500.6M) | ($479.7M) | ($675.0M) | ($617.2M) |
| Shareholders' equity | $1.9B | $2.0B | $3.9B | $2.6B |
| Non-controlling interests | $40.5M | $40.3M | $39.8M | ($4.6M) |
| Income for the year | $2.0B | $2.1B | $4.0B | $2.5B |
| Weighted average number of outstanding ordinary shares (thousands) (in shares) | 1.1B | 1.1B | 1.2B | 1.2B |
| Basic earnings per share (U.S. dollars per share) | $1.83 | $1.81 | $3.32 | — |
| Diluted earnings per share (U.S. dollars per share) | $1.83 | $1.81 | $3.32 | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Property, plant and equipment, net | $6.2B | $6.1B | $6.1B | $5.6B |
| Intangible assets, net | $1.4B | $1.4B | $1.4B | $1.3B |
| Right-of-use assets, net | $144.6M | $148.9M | $132.1M | $111.7M |
| Investments in non-consolidated companies | $1.6B | $1.5B | $1.6B | $1.5B |
| Other investments | $758.1M | $1.0B | $405.6M | $119.9M |
| Deferred tax assets | $834.2M | $831.3M | $789.6M | $208.9M |
| Receivables, net | $139.2M | $205.6M | $186.0M | $211.7M |
| Non-current assets | $11.0B | $11.2B | $10.6B | $9.1B |
| Inventories, net | $3.6B | $3.7B | $3.9B | $4.0B |
| Receivables and prepayments, net | $268.8M | $179.6M | $228.8M | $183.8M |
| Current tax assets | $364.6M | $332.6M | $256.4M | $243.1M |
| Contract assets | $35.3M | $50.8M | — | — |
| Trade receivables, net | $1.9B | $1.9B | $2.5B | $2.5B |
| Derivative financial instruments | $1.9M | $7.5M | $9.8M | $30.8M |
| Other investments | $2.3B | $2.4B | $2.0B | $438.4M |
| Cash and cash equivalents | $572.6M | $675.3M | $1.6B | $1.1B |
| Current assets | $9.1B | $9.2B | $10.5B | $8.5B |
| Total assets | $20.1B | $20.5B | $21.1B | $17.6B |
| Shareholders' equity | $16.6B | $16.6B | $16.8B | $13.9B |
| Non-controlling interests | $229.9M | $220.6M | $187.5M | $128.7M |
| Total equity | $16.8B | $16.8B | $17.0B | $14.0B |
| Borrowings | $368.0K | $11.4M | $48.3M | $46.4M |
| Lease liabilities | $94.9M | $100.4M | $96.6M | $83.6M |
| Derivative financial instruments | $207.0K | — | $255.0K | — |
| Deferred tax liabilities | $442.2M | $503.9M | $631.6M | $269.1M |
| Other liabilities | $310.7M | $301.8M | $271.3M | $230.1M |
| Provisions | $48.4M | $82.1M | $101.5M | $98.1M |
| Non-current liabilities | $896.9M | $999.6M | $1.1B | $727.4M |
| Borrowings | $305.4M | $426.0M | $535.1M | $682.3M |
| Lease liabilities | $48.3M | $44.5M | $37.8M | $28.6M |
| Derivative financial instruments | $14.1M | $8.3M | $10.9M | $7.1M |
| Current tax liabilities | $386.6M | $366.3M | $488.3M | $376.2M |
| Other liabilities | $377.1M | $585.8M | $422.6M | $260.6M |
| Provisions | $173.2M | $119.3M | $36.0M | $11.2M |
| Customer advances | $168.8M | $206.2M | $263.7M | $242.9M |
| Trade payables | $872.9M | $880.3M | $1.1B | $1.2B |
| Current liabilities | $2.3B | $2.6B | $2.9B | $2.8B |
| Total liabilities | $3.2B | $3.6B | $4.1B | $3.5B |
| Total equity and liabilities | $20.1B | $20.5B | $21.1B | $17.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Income for the year | $2.0B | $2.1B | $4.0B | $2.5B |
| Depreciation and amortization | $616.2M | $632.9M | $548.5M | $607.7M |
| Income tax accruals less payments | ($31.2M) | ($222.5M) | ($143.4M) | $257.7M |
| Equity in earnings of non-consolidated companies | ($58.0M) | ($8.5M) | ($95.4M) | ($208.7M) |
| Interest accruals less payments, net | ($3.9M) | ($1.1M) | ($53.5M) | $1.5M |
| Provision for the ongoing litigation related to the acquisition of participation in Usiminas | $25.6M | $89.4M | — | — |
| Changes in provisions | ($5.4M) | ($25.2M) | $21.3M | $16.4M |
| Changes in working capital | $47.8M | $286.9M | $182.4M | ($2.1B) |
| Others, including net foreign exchange differences | $35.3M | $39.8M | ($21.8M) | $69.7M |
| Net cash provided by operating activities | $2.6B | $2.9B | $4.4B | $1.2B |
| Capital expenditures | ($617.2M) | ($694.0M) | ($619.4M) | ($378.4M) |
| Changes in advance to suppliers of property, plant and equipment | $6.2M | ($10.4M) | $1.7M | ($18.9M) |
| Cash decrease due to deconsolidation of subsidiaries | ($1.8M) | — | — | — |
| Acquisition of subsidiaries, net of cash acquired | ($17.7M) | $31.4M | ($265.7M) | ($4.1M) |
| Loan to joint ventures | ($1.4M) | ($5.6M) | ($3.8M) | — |
| Proceeds from disposal of property, plant and equipment and intangible assets | $58.4M | $29.0M | $12.9M | $48.5M |
| Dividends received from non-consolidated companies | $62.0M | $73.8M | $68.8M | $66.2M |
| Changes in investments in securities | $318.9M | ($821.5M) | ($1.9B) | $123.3M |
| Net cash used in investing activities | ($192.6M) | ($1.4B) | ($2.7B) | ($163.6M) |
| Dividends paid | ($900.4M) | ($757.8M) | ($636.5M) | ($531.2M) |
| Dividends paid to non-controlling interest in subsidiaries | ($31.1M) | ($5.9M) | ($19.0M) | ($10.4M) |
| Acquisition of treasury shares | -1.4B | -1.4B | -213.7M | — |
| Payments of lease liabilities | ($66.9M) | ($68.6M) | ($51.5M) | ($52.4M) |
| Proceeds from borrowings | $655.5M | $1.9B | $1.7B | $1.5B |
| Repayments of borrowings | ($772.6M) | ($2.0B) | ($1.9B) | ($1.1B) |
| Net cash used in financing activities | ($2.5B) | ($2.4B) | ($1.1B) | ($178.3M) |
| At the beginning of the year | $660.8M | $1.6B | $1.1B | $318.1M |
| Effect of exchange rate changes | ($17.5M) | ($25.4M) | ($58.4M) | ($52.0M) |
| (Decrease) increase in cash and cash equivalents | ($70.9M) | ($930.4M) | $583.5M | $825.3M |
| At December 31, | $572.4M | $660.8M | $1.6B | $1.1B |
| Cash and bank deposits | $572.6M | $675.3M | $1.6B | $1.1B |
| Bank overdrafts | ($203.0K) | ($14.5M) | ($21.2M) | ($94.0K) |
| Cash and cash equivalents | $572.4M | $660.8M | $1.6B | $1.1B |
Tenaris SA ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.