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Nucor vs Tenaris SA: NUE and TS compared
Nucor is the larger company: $11.2B of revenue in its latest quarter (Q3 2026) against $3.1B for Tenaris SA (Q3 2026). Nucor is growing faster (+32% against +4% a year earlier). Tenaris SA is more profitable, with an operating margin of 19.3% against 15.2%.
Where the money goes: NUE and TS
Nucor (NUE) · Q3 2026
Nucor, Q3 2026: revenue $11.2B (+32% year over year), operating margin 15.2%, net earnings $1.3B. The chart follows the revenue to costs, profit and cash.
Tenaris SA (TS) · Q3 2026
Tenaris SA, Q3 2026: revenue $3.1B (+4% year over year), operating margin 19.3%, net earnings $509M. The chart follows the revenue to costs, profit and cash.
| Nucor (NUE) | Tenaris SA (TS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.2B | $3.1B |
| Revenue growth, Y/Y | +32% | +4% |
| Gross margin | — | 34.5% |
| Operating margin | 15.2% | 19.3% |
| Net earnings | $1.3B | $509M |
| Net margin | 11.7% | 16.4% |
| Market value | $56.0B | — |
| P/E | 17.2× | — |
| Analysts’ mean target | $296.81 | — |
Questions
Which is bigger, Nucor or Tenaris SA?
Nucor is the larger company: $11.2B of revenue in its latest quarter (Q3 2026) against $3.1B for Tenaris SA (Q3 2026).
Is Nucor or Tenaris SA growing faster?
Nucor is growing faster (+32% against +4% a year earlier).
Which is more profitable, Nucor or Tenaris SA?
Tenaris SA is more profitable, with an operating margin of 19.3% against 15.2%.
More: Nucor earnings · how Nucor makes money · Tenaris SA earnings · how Tenaris SA makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 26, 2026; 6-K filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.