Filing Flows › Tenaris SA (TS) › Q3 2026 › vs Q3 2025
Tenaris SA (TS) Q3 2026 vs Q3 2025 (year over year)
Tenaris SA's revenue rose $124M (+4%) from $3.0B in Q3 2025 to $3.1B in Q3 2026. Gross margin 34.5% against 34.7% (-0.2 pts).
Tenaris SA, Q3 2026: revenue $3.1B (+4% year over year), operating margin 19.3%, net earnings $509M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.5% | 34.7% | -0.2 pts |
| Operating margin | 19.3% | 20.0% | -0.8 pts |
| Net margin | 16.4% | 15.0% | +1.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | $124M | +4% |
| Gross profit | $1.1B | $1.0B | $36.8M | +4% |
| Cost of revenue | $2.0B | $1.9B | $87.4M | +4% |
| Operating profit | $598M | $597M | $884K | +0.1% |
| Operating expenses | $471M | $435M | $35.9M | +8% |
| Pre-tax earnings | $385M | $281M | $104M | +37% |
| Other expense, net | $212M | $316M | −$104M | -33% |
| Income tax benefit | $136M | $172M | −$35.8M | -21% |
| Net earnings | $509M | $446M | $63.4M | +14% |
| Minority interests | $12.2M | $7.0M | $5.2M | +75% |
Questions
How much did Tenaris SA's revenue grow year over year in Q3 2026?
Tenaris SA's revenue rose $124M (+4%) from $3.0B in Q3 2025 to $3.1B in Q3 2026. Gross margin 34.5% against 34.7% (-0.2 pts).