Tenaris SA (TS) Return on equity 2016–2025
Tenaris SA (TS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
11.6%FY2025 · since FY2016: 0.5% → 11.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 11.6% | -0.6 pp |
| FY2024 | 12.3% | -11.0 pp |
| FY2023 | 23.3% | +4.9 pp |
| FY2022 | 18.4% | +9.2 pp |
| FY2021 | 9.2% | +14.8 pp |
| FY2020 | -5.6% | -11.8 pp |
| FY2019 | 6.2% | -1.2 pp |
| FY2018 | 7.4% | +2.7 pp |
| FY2017 | 4.7% | +4.3 pp |
| FY2016 | 0.5% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice