Filing Flows › Tenaris SA (TS) › Q2 2025
Tenaris SA (TS) Q2 2025 earnings results (second quarter 2025)
6-K filed Jul 31, 2025
Tenaris SA (TS) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), -7% from a year earlier. Operating margin was 18.9%, net earnings $531M (17.2% of revenue).
Tenaris SA, Q2 2025: revenue $3.1B (-7% year over year), operating margin 18.9%, net earnings $531M, operating cash flow $673M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | — | -7% |
| Gross profit | $1.1B | — | -9% |
| Operating profit | $583M | — | +14% |
| Net earnings | $531M | — | +59% |
| Operating cash flow | $673M | — | -28% |
| Free cash flow | $538M | — | -31% |
What changed
Revenue was $3.1B in Q2 2025, down 7% year over year.
Gross margin was 34.7%, down 0.7 points from a year earlier. Operating profit was $0.58B, a 18.9% margin (up 3.5 points year over year). Operating expenses fell 27% while revenue fell 7%. Net earnings were $0.53B, up 59% year over year. The effective tax rate was 16.3%.
Operating cash flow was $0.67B (down 28% year over year), 124% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization. Capital expenditures of $0.14B left free cash flow of $0.54B.
Questions
What was Tenaris SA's revenue in the second quarter 2025?
Tenaris SA (TS) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), -7% from a year earlier.
Was Tenaris SA profitable in the second quarter 2025?
Operating profit was $583M (18.9% of revenue) and net earnings $531M.
Source: Tenaris SA 6-K on SEC EDGAR.