Tenaris SA (TS) Operating margin 2016–2025
Tenaris SA (TS) operating margin by fiscal year — reported operating income divided by reported revenue.
19.1%FY2025 · since FY2016: -1.4% → 19.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 19.1% | -0.3 pp |
| FY2024 | 19.3% | -9.7 pp |
| FY2023 | 29.0% | +3.8 pp |
| FY2022 | 25.2% | +14.3 pp |
| FY2021 | 10.8% | +23.7 pp |
| FY2020 | -12.9% | -24.3 pp |
| FY2019 | 11.4% | +0.0 pp |
| FY2018 | 11.4% | +5.1 pp |
| FY2017 | 6.3% | +7.7 pp |
| FY2016 | -1.4% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice