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Tenaris SA vs Nucor: TS and NUE compared
Tenaris SA is the larger company: $12.0B of revenue in its latest quarter (FY2025) against $11.2B for Nucor (Q3 2026). Nucor is growing faster (+32% against -4% a year earlier). Tenaris SA is more profitable, with an operating margin of 19.1% against 15.2%.
Where the money goes: TS and NUE
Tenaris SA (TS) · FY2025
Tenaris SA, FY2025: revenue $12.0B (-4% year over year), operating margin 19.1%, net earnings $1.9B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
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) | Nucor (NUE) | |
|---|---|---|
| Latest quarter | FY2025 | Q3 2026 |
| Revenue | $12.0B | $11.2B |
| Revenue growth, Y/Y | -4% | +32% |
| Gross margin | 34.4% | — |
| Operating margin | 19.1% | 15.2% |
| Net earnings | $1.9B | $1.3B |
| Net margin | 16.1% | 11.7% |
| Operating cash flow | $2.6B | — |
| Market value | $63.1B | $56.0B |
| P/E | 32.0× | 17.2× |
| Analysts’ mean target | $66.82 | $296.81 |
Questions
Which is bigger, Tenaris SA or Nucor?
Tenaris SA is the larger company: $12.0B of revenue in its latest quarter (FY2025) against $11.2B for Nucor (Q3 2026).
Is Tenaris SA or Nucor growing faster?
Nucor is growing faster (+32% against -4% a year earlier).
Which is more profitable, Tenaris SA or Nucor?
Tenaris SA is more profitable, with an operating margin of 19.1% against 15.2%.
More: Tenaris SA earnings · how Tenaris SA makes money · Nucor earnings · how Nucor makes money
From the companies' latest 10-Q, 10-K or earnings release (20-F filed Mar 31, 2026; 8-K filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.