Tenaris SA (TS) Gross margin 2016–2025
Tenaris SA (TS) gross margin by fiscal year — reported gross profit divided by reported revenue.
34.4%FY2025 · since FY2016: 26.3% → 34.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 34.4% | -0.6 pp |
| FY2024 | 35.0% | -6.7 pp |
| FY2023 | 41.7% | +2.0 pp |
| FY2022 | 39.7% | +10.5 pp |
| FY2021 | 29.3% | +8.7 pp |
| FY2020 | 20.6% | -9.4 pp |
| FY2019 | 30.0% | -1.1 pp |
| FY2018 | 31.1% | +0.7 pp |
| FY2017 | 30.3% | +4.0 pp |
| FY2016 | 26.3% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice