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Tenaris SA (TS) earnings and revenue breakdown
Latest: Q3 2026 · 6-K filed Nov 5, 2026 · Tenaris SA (TS) Q3 2026 earnings results →
Q3 2026 Revenue up 4% year over year to $3.1B · 16¢ of every $1 of revenue kept as net profit · operating margin 19.3%
Tenaris SA made $3.1B in Q3 2026 (+4% Y/Y). Operating margin 19.3%, net earnings $509M. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.1B in Q3 2026, up 4% year over year.
Gross margin was 34.5%, down 0.2 points from a year earlier. Operating profit was $0.60B, a 19.3% margin (down 0.8 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 20% margin then. Operating expenses grew 8% against revenue growth of 4%. Net earnings were $0.51B, up 14% year over year. The effective tax rate was -35.3%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 6-K | Nov 5, 2026 | $3.1B | +4% | 19.3% | $509M | — |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Tenaris SA against its Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +10%. Operating margin: 19.3% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TS Tenaris SA | Q3 2026 | $3.1B | +4% | 19.3% |
| NUE Nucor | Q3 2026 | $11.2B | +32% | 15.2% |
| STLD Steel Dynamics | Q3 2026 | $6.5B | +35% | 15.5% |
| CMC Commercial Metals | Q4 FY26 | $2.7B | +26% | 8.6% |
| CRS Carpenter Technology | Q1 FY27 | $798M | +9% | 24.6% |
| SXC SunCoke Energy | Q3 2026 | $486M | -0.2% | 8.4% |
| MTUS Metallus | Q3 2026 | $337M | +10% | 9.6% |
| TWI Titan International | Q3 2026 | $335M | -6% | -0.3% |
Source: Tenaris SA 6-K on SEC EDGAR · CIK 1190723 · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
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History
Every quarter: Q3 2026 results