Filing Flows › Tenaris SA (TS) › Q3 2025
Tenaris SA (TS) Q3 2025 earnings results (third quarter 2025)
6-K filed Oct 30, 2025
Tenaris SA (TS) reported revenue of $3.0B for the third quarter 2025 (Q3 2025), +2% from a year earlier and -3% from the quarter before. Operating margin was 20.0%, net earnings $446M (15.0% of revenue).
Tenaris SA, Q3 2025: revenue $3.0B (+2% year over year), operating margin 20.0%, net earnings $446M, operating cash flow $318M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -3% | +2% |
| Gross profit | $1.0B | -4% | +5% |
| Operating profit | $597M | +2% | +11% |
| Net earnings | $446M | -16% | -0.5% |
| Operating cash flow | $318M | — | — |
| Free cash flow | $133M | — | — |
What changed
Revenue was $3.0B in Q3 2025, up 2% year over year and down 3% from the previous quarter.
Gross margin was 34.7%, up 1.0 points from a year earlier. Operating profit was $0.60B, a 20.0% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 95% reached operating profit, above the 18% margin then. Operating expenses fell 2% while revenue rose 2%. Net earnings were $0.45B, down 1% year over year. The effective tax rate was 27.5%.
Operating cash flow was $0.32B, 70% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization. Working capital and other items used $0.29B. Capital expenditures of $0.19B left free cash flow of $0.13B.
Questions
What was Tenaris SA's revenue in the third quarter 2025?
Tenaris SA (TS) reported revenue of $3.0B for the third quarter 2025 (Q3 2025), +2% from a year earlier and -3% from the quarter before.
Was Tenaris SA profitable in the third quarter 2025?
Operating profit was $597M (20.0% of revenue) and net earnings $446M.
Source: Tenaris SA 6-K on SEC EDGAR.