Income Statement (TTM)
Tenaris S.A. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,757 | 5,147 | 4,566 | 4,854 | 5,595 | 6,521 | 7,706 | 8,978 | 10,199 | 11,763 | 13,537 | 14,811 | 15,074 | 14,869 | 14,169 | 13,416 | 13,094 | 12,524 | 12,005 | 11,769 |
| Change (%) | -10.60 | -11.28 | 6.30 | 15.27 | 16.56 | 18.18 | 16.51 | 13.60 | 15.32 | 15.08 | 9.41 | 1.78 | -1.36 | -4.71 | -5.32 | -2.40 | -4.35 | -4.15 | -1.97 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 4,362 | 4,042 | 3,569 | 3,671 | 4,011 | 4,571 | 5,207 | 5,810 | 6,301 | 6,893 | 7,595 | 8,083 | 8,292 | 8,397 | 8,271 | 8,193 | 8,225 | 8,011 | 7,820 | 7,610 |
| Change (%) | -7.34 | -11.70 | 2.85 | 9.25 | 13.97 | 13.92 | 11.59 | 8.44 | 9.40 | 10.18 | 6.43 | 2.59 | 1.26 | -1.50 | -0.95 | 0.40 | -2.60 | -2.39 | -2.68 | |
| % of Revenue | 75.78 | 78.54 | 78.17 | 75.64 | 71.68 | 70.09 | 67.56 | 64.71 | 61.78 | 58.60 | 56.10 | 54.57 | 55.01 | 56.47 | 58.37 | 61.07 | 62.82 | 63.97 | 65.14 | 64.66 |
| Gross Operating Profit | 1,394 | 1,105 | 997 | 1,183 | 1,584 | 1,950 | 2,500 | 3,168 | 3,899 | 4,870 | 5,942 | 6,728 | 6,782 | 6,472 | 5,898 | 5,223 | 4,869 | 4,513 | 4,185 | 4,159 |
| Change (%) | -20.79 | -9.75 | 18.62 | 33.96 | 23.13 | 28.15 | 26.75 | 23.05 | 24.90 | 22.02 | 13.23 | 0.79 | -4.57 | -8.87 | -11.44 | -6.79 | -7.30 | -7.27 | -0.63 | |
| % of Revenue | 24.22 | 21.46 | 21.83 | 24.36 | 28.32 | 29.91 | 32.44 | 35.29 | 38.22 | 41.40 | 43.90 | 45.43 | 44.99 | 43.53 | 41.63 | 38.93 | 37.18 | 36.03 | 34.86 | 35.34 |
| SG&A | 1,060 | 1,056 | 915 | 950 | 1,134 | 1,128 | 1,240 | 1,399 | 1,331 | 1,513 | 1,608 | 1,707 | 1,792 | 1,748 | 1,806 | 1,751 | 1,828 | 1,751 | 1,711 | 1,707 |
| Change (%) | -0.40 | -13.40 | 3.85 | 19.42 | -0.56 | 9.91 | 12.90 | -4.87 | 13.66 | 6.29 | 6.11 | 5.01 | -2.48 | 3.32 | -3.05 | 4.40 | -4.19 | -2.31 | -0.20 | |
| % of Revenue | 18.42 | 20.52 | 20.03 | 19.57 | 20.27 | 17.29 | 16.08 | 15.59 | 13.05 | 12.86 | 11.88 | 11.52 | 11.89 | 11.75 | 12.74 | 13.05 | 13.96 | 13.98 | 14.25 | 14.51 |
| R&D | ||||||||||||||||||||
| Change (%) | ||||||||||||||||||||
| % of Revenue | ||||||||||||||||||||
| OpEx | 5,535 | 5,196 | 4,546 | 4,648 | 5,132 | 5,799 | 6,559 | 7,325 | 8,021 | 8,794 | 9,713 | 10,378 | 10,560 | 10,589 | 10,436 | 10,274 | 10,239 | 10,023 | 9,763 | 9,621 |
| Change (%) | -6.13 | -12.51 | 2.25 | 10.42 | 12.99 | 13.11 | 11.68 | 9.49 | 9.64 | 10.45 | 6.85 | 1.75 | 0.27 | -1.44 | -1.56 | -0.34 | -2.10 | -2.60 | -1.46 | |
| % of Revenue | 96.15 | 100.95 | 99.55 | 95.76 | 91.73 | 88.93 | 85.11 | 81.59 | 78.64 | 74.76 | 71.75 | 70.07 | 70.05 | 71.21 | 73.65 | 76.58 | 78.20 | 80.03 | 81.33 | 81.75 |
| Operating Income | 222 | -49 | 21 | 206 | 463 | 722 | 1,147 | 1,653 | 2,179 | 2,969 | 3,824 | 4,433 | 4,514 | 4,280 | 3,733 | 3,142 | 2,855 | 2,501 | 2,242 | 2,148 |
| Change (%) | -122.03 | -142.36 | 895.77 | 124.57 | 56.12 | 58.83 | 44.10 | 31.80 | 36.26 | 28.80 | 15.94 | 1.83 | -5.19 | -12.78 | -15.82 | -9.15 | -12.41 | -10.35 | -4.19 | |
| % of Revenue | 3.85 | -0.95 | 0.45 | 4.24 | 8.27 | 11.07 | 14.89 | 18.41 | 21.36 | 25.24 | 28.25 | 29.93 | 29.95 | 28.79 | 26.35 | 23.42 | 21.80 | 19.97 | 18.67 | 18.25 |
| Interest Expense | -34 | -27 | -23 | -22 | -21 | -24 | -21 | -21 | -33 | -76 | -105 | -136 | -137 | -202 | -191 | -170 | -167 | -61 | -52 | -46 |
| Change (%) | -20.75 | -13.94 | -6.83 | -1.14 | 10.57 | -11.99 | 1.42 | 54.04 | 132.66 | 39.23 | 28.69 | 1.06 | 46.98 | -5.44 | -10.84 | -1.88 | -63.29 | -14.44 | -11.48 | |
| % of Revenue | -0.59 | -0.52 | -0.51 | -0.45 | -0.38 | -0.36 | -0.27 | -0.24 | -0.32 | -0.64 | -0.78 | -0.92 | -0.91 | -1.36 | -1.35 | -1.27 | -1.27 | -0.49 | -0.44 | -0.39 |
| Net Income | -589 | -634 | 132 | 474 | 837 | 1,100 | 1,497 | 1,839 | 2,116 | 2,553 | 3,179 | 3,665 | 3,596 | 3,918 | 3,526 | 2,739 | 2,649 | 2,036 | 1,806 | 2,003 |
| Change (%) | 7.67 | -120.81 | 259.02 | 76.56 | 31.49 | 36.03 | 22.90 | 15.04 | 20.67 | 24.51 | 15.30 | -1.89 | 8.95 | -10.00 | -22.34 | -3.26 | -23.13 | -11.30 | 10.86 | |
| % of Revenue | -10.24 | -12.33 | 2.89 | 9.76 | 14.96 | 16.87 | 19.42 | 20.49 | 20.75 | 21.71 | 23.49 | 24.75 | 23.86 | 26.35 | 24.89 | 20.41 | 20.23 | 16.26 | 15.05 | 17.02 |
Source: Capital IQ
