Filing Flows › Tenaris SA (TS) › Gross margin
Tenaris SA (TS) gross margin by quarter
Tenaris SA's gross margin was 34.5% in Q3 2026 (third quarter 2026), +1.3 pts from Q2 2026. Over the last 6 quarters it ranged from 33.2% (Q2 2026) to 34.7% (Q2 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 34.5% | +1.3 pts | -0.2 pts |
| Q2 2026 | 33.2% | -0.7 pts | -1.6 pts |
| Q1 2026 | 33.9% | -0.0 pts | — |
| Q4 2025 | 33.9% | -0.8 pts | — |
| Q3 2025 | 34.7% | -0.1 pts | — |
| Q2 2025 | 34.7% | — | — |
Q3 2026 at a glance
Tenaris SA, Q3 2026: revenue $3.1B (+4% year over year), operating margin 19.3%, net earnings $509M, operating cash flow $366M. The chart follows the revenue to costs, profit and cash.
Questions
What is Tenaris SA's gross margin?
Tenaris SA's gross margin was 34.5% in Q3 2026 (third quarter 2026), +1.3 pts from Q2 2026.
How has Tenaris SA's gross margin changed?
Over the last 6 quarters it ranged from 33.2% (Q2 2026) to 34.7% (Q2 2025).