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Tenaris SA vs Carpenter Technology: TS and CRS compared
Tenaris SA is the larger company: $3.0B of revenue in its latest quarter (Q2 2026) against $798M for Carpenter Technology (Q1 FY27). Carpenter Technology is growing faster (+9% against -4% a year earlier). Carpenter Technology is more profitable, with an operating margin of 24.6% against 16.7%.
Where the money goes: TS and CRS
Tenaris SA (TS) · Q2 2026
Tenaris SA, Q2 2026: revenue $3.0B (-4% year over year), operating margin 16.7%, net earnings $477M. The chart follows the revenue to costs, profit and cash.
Carpenter Technology (CRS) · Q1 FY27
Carpenter Technology, Q1 FY27: revenue $798M (+9% year over year), operating margin 24.6%, net earnings $162M, operating cash flow $52.8M. The chart follows the revenue to costs, profit and cash.
| Tenaris SA (TS) | Carpenter Technology (CRS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q1 FY27 |
| Revenue | $3.0B | $798M |
| Revenue growth, Y/Y | -4% | +9% |
| Gross margin | 33.2% | 32.1% |
| Operating margin | 16.7% | 24.6% |
| Net earnings | $477M | $162M |
| Net margin | 16.1% | 20.4% |
| Operating cash flow | — | $52.8M |
| Market value | — | $13.9B |
| P/E | — | 24.5× |
| Analysts’ mean target | — | $438.00 |
Where the revenue comes from
Carpenter Technology
- Aerospace and Defense: $535M (67%)
- Industrial and Consumer: $103M (13%)
- Medical: $65.5M (8%)
- Energy: $46.5M (6%)
Questions
Which is bigger, Tenaris SA or Carpenter Technology?
Tenaris SA is the larger company: $3.0B of revenue in its latest quarter (Q2 2026) against $798M for Carpenter Technology (Q1 FY27).
Is Tenaris SA or Carpenter Technology growing faster?
Carpenter Technology is growing faster (+9% against -4% a year earlier).
Which is more profitable, Tenaris SA or Carpenter Technology?
Carpenter Technology is more profitable, with an operating margin of 24.6% against 16.7%.
More: Tenaris SA earnings · how Tenaris SA makes money · Carpenter Technology earnings · how Carpenter Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Aug 7, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.