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Tenaris SA (TS) Ratios
Tenaris SA Ratios
TS's free cash flow for Q2 2026 was $425.02M. For the 2026 fiscal year, TS's free cash flow was decreased by $-121.27M and operating cash flow was $546.29M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.87 | 3.50 | 3.62 | 3.04 | 3.19 |
| Quick Ratio | 2.33 | 2.10 | 2.27 | 1.61 | 1.48 |
| Cash Ratio | 0.24 | 0.26 | 0.56 | 0.39 | 0.20 |
| Solvency Ratio | 0.79 | 0.73 | 1.10 | 0.90 | 0.72 |
| Operating Cash Flow Ratio | 1.11 | 1.09 | 1.51 | 0.42 | 0.08 |
| Short-Term Operating Cash Flow Coverage | 8.51 | 6.73 | 207.08 | 1.71 | 0.54 |
| Net Current Asset Value | $ 5.83B | $ 5.60B | $ 6.45B | $ 4.95B | $ 2.64B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.02 | 0.03 | 0.01 | 0.05 | 0.03 |
| Debt-to-Equity Ratio | 0.03 | 0.04 | 0.01 | 0.06 | 0.04 |
| Debt-to-Capital Ratio | 0.03 | 0.03 | 0.01 | 0.06 | 0.04 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Financial Leverage Ratio | 1.21 | 1.23 | 1.25 | 1.26 | 1.21 |
| Debt Service Coverage Ratio | 7.48 | 5.50 | 36.02 | 4.40 | 6.87 |
| Interest Coverage Ratio | 48.87 | 39.52 | 40.39 | 64.50 | 29.88 |
| Debt to Market Cap | 0.02 | 0.02 | 0.00 | 0.04 | 0.03 |
| Interest Debt Per Share | 0.95 | 1.14 | 0.53 | 1.50 | 0.80 |
| Net Debt to EBITDA | -0.04 | -0.03 | -0.27 | -0.07 | 0.07 |
| Profitability Margins | |||||
| Gross Profit Margin | 34.39% | 35.04% | 41.70% | 39.74% | 29.28% |
| EBIT Margin | 21.04% | 20.17% | 31.88% | 27.31% | 19.42% |
| EBITDA Margin | 26.18% | 25.22% | 35.57% | 32.47% | 28.54% |
| Operating Profit Margin | 19.14% | 19.31% | 29.03% | 25.19% | 10.85% |
| Pretax Profit Margin | 20.65% | 20.41% | 31.16% | 26.92% | 19.06% |
| Net Profit Margin | 16.13% | 16.26% | 26.35% | 21.71% | 16.87% |
| Continuous Operations Profit Margin | 16.47% | 16.58% | 26.62% | 21.67% | 16.15% |
| Net Income Per EBT | 78.13% | 79.66% | 84.57% | 80.65% | 88.53% |
| EBT Per EBIT | 107.87% | 105.69% | 107.33% | 106.84% | 175.65% |
| Return on Assets (ROA) | 9.63% | 9.96% | 18.58% | 14.55% | 7.61% |
| Return on Equity (ROE) | 11.64% | 12.27% | 23.26% | 18.36% | 9.20% |
| Return on Capital Employed (ROCE) | 12.94% | 13.58% | 23.74% | 20.07% | 5.49% |
| Return on Invested Capital (ROIC) | 10.12% | 10.75% | 20.22% | 15.42% | 4.56% |
| Return on Tangible Assets | 10.33% | 10.67% | 19.88% | 15.74% | 8.41% |
| Earnings Yield | 9.67% | 9.58% | 19.13% | 12.30% | 8.94% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.70 | 5.15 | 5.99 | 4.72 | 4.15 |
| Payables Turnover | 9.01 | 9.24 | 7.83 | 6.01 | 5.46 |
| Inventory Turnover | 2.18 | 2.19 | 2.21 | 1.78 | 1.73 |
| Fixed Asset Turnover | 1.89 | 2.00 | 2.39 | 2.08 | 1.10 |
| Asset Turnover | 0.60 | 0.61 | 0.71 | 0.67 | 0.45 |
| Working Capital Turnover Ratio | 1.80 | 1.76 | 2.24 | 2.58 | 1.99 |
| Cash Conversion Cycle | 204.31 | 197.87 | 179.36 | 221.97 | 232.55 |
| Days of Sales Outstanding | 77.59 | 70.92 | 60.90 | 77.39 | 87.92 |
| Days of Inventory Outstanding | 167.26 | 166.45 | 165.10 | 205.32 | 211.53 |
| Days of Payables Outstanding | 40.53 | 39.49 | 46.63 | 60.74 | 66.90 |
| Operating Cycle | 244.84 | 237.36 | 226.00 | 282.71 | 299.45 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 5.00 | 5.10 | 7.46 | 1.98 | 0.20 |
| Free Cash Flow Per Share | 3.81 | 3.84 | 6.41 | 1.30 | -0.21 |
| Dividend Paid and CapEx Coverage Ratio | 1.71 | 1.96 | 3.50 | 1.26 | 0.21 |
| Capital Expenditure Coverage Ratio | 4.21 | 4.07 | 7.10 | 2.94 | 0.49 |
| Operating Cash Flow Coverage Ratio | 5.79 | 4.92 | 21.55 | 1.39 | 0.27 |
| Operating Cash Flow to Sales Ratio | 0.22 | 0.23 | 0.30 | 0.10 | 0.02 |
| Free Cash Flow Yield | 9.92% | 10.17% | 18.44% | 3.71% | -1.02% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 10.34 | 5.22 | 5.23 | 8.13 | 11.19 |
| Price-to-Sales (P/S) Ratio | 1.67 | 1.70 | 1.38 | 1.76 | 1.89 |
| Price-to-Book (P/B) Ratio | 1.20 | 1.28 | 1.22 | 1.49 | 1.03 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 10.08 | 9.83 | 5.42 | 26.96 | -98.10 |
| Price-to-Operating Cash Flow Ratio | 7.69 | 7.42 | 4.66 | 17.78 | 103.41 |
| Price-to-Earnings Growth (PEG) Ratio | -0.21 | 0.60 | 0.10 | 0.06 | -0.04 |
| Enterprise Value Multiple | 6.33 | 6.70 | 3.60 | 5.37 | 6.69 |
| Enterprise Value | 19.86B | 21.17B | 19.05B | 20.50B | 12.44B |
| EV to EBITDA | 6.33 | 6.70 | 3.60 | 5.37 | 6.69 |
| EV to Sales | 1.66 | 1.69 | 1.28 | 1.74 | 1.91 |
| EV to Free Cash Flow | 10.02 | 9.79 | 5.04 | 26.63 | -99.13 |
| EV to Operating Cash Flow | 7.64 | 7.38 | 4.33 | 17.57 | 104.50 |
| Tangible Book Value Per Share | 29.77 | 27.47 | 26.57 | 21.52 | 18.18 |
| Shareholders’ Equity Per Share | 31.93 | 29.50 | 28.59 | 23.56 | 20.26 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.20 | 0.19 | 0.15 | 0.19 | 0.15 |
| Revenue Per Share | 23.05 | 22.26 | 25.24 | 19.93 | 11.05 |
| Net Income Per Share | 3.72 | 3.62 | 6.65 | 4.33 | 1.86 |
| Tax Burden | 0.78 | 0.80 | 0.85 | 0.81 | 0.89 |
| Interest Burden | 0.98 | 1.01 | 0.98 | 0.99 | 0.98 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.13 | 0.13 | 0.06 | 0.06 | 0.09 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.34 | 1.41 | 1.12 | 0.46 | 0.11 |
Currency in USD
