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How Tenaris SA (TS) makes money
Tenaris SA (TS) made $3.1B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 34¢ was left as gross profit, 19¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.1B | 100.0% |
| Cost of revenue | $2.0B | 65.5% |
| Gross profit | $1.1B | 34.5% |
| Operating expenses | $471M | 15.2% |
| Operating profit | $598M | 19.3% |
| Net earnings | $509M | 16.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.1B | +4% |
From Tenaris SA's 6-K filed Nov 5, 2026 (on EDGAR).
Questions
How does Tenaris SA make money?
Tenaris SA (TS) made $3.1B of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Of every dollar of revenue, 34¢ was left as gross profit, 19¢ was left as operating profit, 16¢ was left as net earnings.
What is Tenaris SA's profit margin?
Net earnings were $509M, 16.4% of revenue, in the third quarter 2026; the operating margin was 19.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.