OakChart

Tenaris SA ADR

TSEnergy·Oil & Gas Equipment & Services·Luxembourg·Large·NYSE·Nov 11 • 10:04 AM ET

60.97+0.73 (1.21%)
2026-11-11 16:05 CET
Market cap
30,410.36 USD m
Revenue, TTM
12,166.30 USD m
Net income, TTM
1,976.26 USD m
Free cash flow, TTM
1,911.85 USD m
EPS diluted, TTM
3.90
P/E
15.61
Compare

Price

TS against its 20, 50 and 200-day averages
2050200beat
45.0050.0055.0060.0065.002.3M4.7MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26TSclose 60.9720-day 58.7950-day 57.41200-day 56.7760.97

5.6% under 64.60 on 3 Jun 2026. Last 15 sessions, 10.9% high to low

Profile

TS
52-week range, 87% of the way up
37.6964.60

Tenaris SA engages in the manufacture and supply of steel pipe products. Its products include steel casing, steel tubing, line pipe, mechanical and structural pipes, cold-drawn pipe, premium joints and couplings, coiled tubing, and sucker rods. It operates through the Tubes and Others segments. The Tubes segment consists of the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. The Other segment deals with all other business activities and operating segments, including the production and selling of sucker rods, industrial equipment, coiled tubing, heat exchangers, and utility conduits for buildings and the sale of energy and raw materials that exceed internal requirements. The company was founded in 1909 and is headquartered in Luxembourg.

Employees24875
IPODec 16, 2002
Beta0.83
ATR, 14d1.81
Rel volume0.75
Short float0.69%
Insider own0.00%
Inst own7.61%

Snapshot

6 groups

Valuation

Index-
Market Cap30.78B
Enterprise Value28.58B
Income1.98B
Sales12.17B
Book/sh33.38
Cash/sh5.85
Dividend Est.2.54 (4.17%)
Dividend TTM1.78 (2.92%)
Dividend Ex-DateNov 24, 2026
Dividend Gr. 3/5Y20.39% 33.49%
Payout48.47%
Employees24875
IPODec 16, 2002

Ratios

P/E15.61
Forward P/E13.17
PEG1.33
P/S2.53
P/B1.83
P/C10.43
P/FCF16.10
EV/EBITDA9.81
EV/Sales2.35
Quick Ratio1.91
Current Ratio3.25
Debt/Eq0.03
LT Debt/Eq0.01
Option/ShortYes / Yes

Earnings

EPS (ttm)3.90
EPS next Y4.63
EPS next Q1.11
EPS this Y9.72%
EPS next Y15.26%
EPS next 5Y9.88%
EPS past 3/5Y-5.33% -
Sales past 3/5Y0.70% 18.33%
EPS Y/Y TTM4.70%
Sales Y/Y TTM2.75%
EPS Q/Q19.01%
Sales Q/Q4.54%
EarningsNov 04 AMC
EPS/Sales Surpr.23.19% 1.12%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own7.61%
Inst Trans-1.89%
ROA9.55%
ROE11.66%
ROIC11.66%
Gross Margin33.14%
Oper. Margin18.79%
Profit Margin16.24%
SMA203.71%
SMA506.21%
SMA2007.41%
Trades-

Technical

Shs Outstand504.82M
Shs Float504.82M
Short Float0.69%
Short Ratio2.78
Short Interest3.46M
52W High64.60 -5.61%
52W Low37.69 61.77%
Volatility4.48% 2.76%
ATR (14)1.81
RSI (14)59.86
Beta0.83
Rel Volume0.75
Avg Volume1.25M
Volume126,963

Performance

Perf Week9.03%
Perf Month4.15%
Perf Quarter15.87%
Perf Half Y-4.14%
Perf YTD58.57%
Perf Year47.70%
Perf 3Y75.96%
Perf 5Y156.93%
Perf 10Y97.25%
Recom2.23
Target Price68.83
Prev Close60.24
Price60.97
Change %1.21%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 15, 2026UpgradeMMorgan StanleyUnderweight → Equal-Weight$65+6.6%
Feb 20, 2026ReiteratedTTD CowenBuy$48 → $59-3.2%
Dec 15, 2025InitiatedGGoldmanNeutral$43.60-28.5%
Oct 10, 2025DowngradeBBNP Paribas ExaneOutperform → Neutral
Sep 17, 2025DowngradePPiper SandlerOverweight → Neutral$41-32.8%
Jul 21, 2025InitiatedBBernsteinOutperform
Jan 29, 2025DowngradeBBofA SecuritiesNeutral → Underperform
Jan 17, 2025DowngradeKKeplerBuy → Hold
Dec 19, 2024ResumedPPiper SandlerOverweight$48-21.3%
Dec 09, 2024UpgradeJJefferiesHold → Buy$35 → $47-22.9%

Peers

Mkt cap
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BKRBaker Hughes Co48.89B
SLBSLB Ltd74.72B
FTITechnipFMC plc25.50B
WHDCactus Inc4.86B
WFRDWeatherford International plc6.25B
TXTernium SA ADR10.16B
NUENucor Corp58.54B
MTUSMetallus Inc719.18M

Held by

AUM
TickerCompanyAUM
OIHVanEck Oil Services ETFAUM: 1.76B
PIDInvesco International Dividend Achievers ETFAUM: 881.07M
IDVOAmplify CWP International Enhanced Dividend Income ETFAUM: 1.37B
DFIVDimensional International Value ETF-
SLXVanEck Steel ETFAUM: 149.91M
EIPIFT Energy Income Partners Enhanced Income ETFAUM: 1.09B
ACINHartford Alpha Capture International Equity ETFAUM: 559.92M
DFICDimensional International Core Equity 2 ETF-
CNRGState Street SPDR S&P Kensho Grid Innovation ETFAUM: 160.58M
AVDEAvantis International Equity ETFAUM: 19.73B

News

latest 14 of 206
  • Tenaris Reports 4% Rise in Q3 Revenue to $3.10 Billion as North American Sales Increase 14% (InvestorsHub)
  • Tenaris Announces 2026 Third Quarter Results (GlobeNewswire)
  • Tenaris Earnings Test Whether The Hormuz Trough Gives Way To A Fourth-Quarter Rebound (Earnings Whispers)
  • Tenaris SA (TS) (Q2 2026) Earnings Call Highlights: Resilient Performance Amid Middle East ... (GuruFocus.com) -6.40%
  • Tenaris Announces 2026 Second Quarter Results (GlobeNewswire)
  • Loading…
  • Earnings To Watch: Tenaris SA (MIL:TEN) Q2 2026 -- GF Value Sees 35% Downside (GuruFocus.com)
  • Earnings To Watch: Tenaris SA (MIL:TEN) Q2 2026 -- GF Value Sees 35% Downside (GuruFocus.com)
  • Tenaris inaugurates new service center in Suriname to support TotalEnergies's GranMorgu offshore project (GlobeNewswire)
  • Tenaris and Green Therma partner to advance next-generation geothermal solutions in Europe (Energy Global)
  • Shareholders approve all resolutions on the agendas of Tenaris's Annual General Meeting and Extraordinary General Meeting of Shareholders (GlobeNewswire)
  • Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania (GlobeNewswire)
  • Tenaris Announces CEO succession (GlobeNewswire) -5.56%
  • Tenaris Announces 2026 First Quarter Results (GlobeNewswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-041.0100.8200.9663,1023,0689
2026Q22026-08-050.9500.8250.9442,9672,9339
2026Q12026-05-061.0700.8901.0743,1003,03411
2025Q42026-02-180.8800.7980.8792,9952,95411
2025Q32025-10-290.8500.7660.8472,9782,84210
2025Q22025-07-300.9900.8741.0083,0863,0438
2025Q12025-04-300.9400.7840.9422,9222,9048
2024Q42025-02-190.9400.6860.9332,8452,7178
2024Q32024-11-070.8100.6570.8082,9152,7619
2024Q22024-07-310.5900.9340.5883,3223,2779
2024Q12024-04-251.2701.0451.2683,4423,37910
2023Q42024-02-211.9201.0021.9363,4153,0748
2023Q32023-11-010.9101.2150.9063,2383,2096
2023Q22023-08-021.9001.6171.9004,0753,7337
2023Q12023-04-261.9101.6521.9214,1413,9088
2022Q42023-02-151.3701.3831.3803,6203,5596

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.2601.2851.2587,2947,307
2020FY-1.070-0.060-1.0825,1475,076
2021FY1.8601.6191.8616,5216,462
2022FY4.3304.3454.32811,76311,650
2023FY6.6505.7726.65814,86914,551
2024FY3.6103.5203.60612,52412,397
2025FY3.6603.5693.66611,98111,970
2026FY-4.015--12,438
2027FY-4.616--13,529
2028FY-4.838--13,990
2029FY-4.505--13,938
2030FY-5.040--15,743

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-066503,3433,1623,420
2026Q4S2026-11-056503,2883,0753,420
2026Q4S2026-11-046213,1602,9003,318
2026Q4S2026-11-026213,1602,9003,318
2026Q4S2026-10-065113,1782,9003,318
2026Q4S2026-09-295103,2313,1733,318
2026Q4S2026-09-115103,2223,1733,278
2026Q4S2026-08-235203,2223,1733,278
2026Q4S2026-08-076203,1923,0373,278
2026Q4S2026-08-066103,1713,0373,244
2026Q4S2026-07-295003,1603,0373,232
2026Q4S2026-07-215103,1603,0373,232
2026Q4S2026-07-135403,1603,0373,232
2026Q4S2026-06-265303,1523,0373,220

Estimate history

EPS, annual0.7881.4831.258-1.0821.8614.3286.6583.6063.6723.905
Period201720182019202020212022202320242025TTM
EPS, quarterly0.8080.9330.9421.0080.8470.8791.0740.9441.008
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual5343.1527650.3457292.6955180.8466510.99511768.96914891.88812501.81112018.22912166.3
Period201720182019202020212022202320242025TTM
Sales, quarterly2923.8072825.0282924.3973126.9642964.6932992.9143111.7282962.5193099.142
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual590.268590.268590.268590.268590.268590.268583.944542.136505.912504.82
Period201720182019202020212022202320242025MRQ
Shares, quarterly554.429542.136535.997529.45519.797505.912504.82504.82504.82
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue12,166.3012,018.2312,501.8114,891.8911,768.976,511.005,180.857,292.707,650.35
Cost of Goods Sold Incl. D&A8,133.867,909.458,149.668,704.587,137.824,661.314,200.005,121.505,433.69
Gross Profit4,032.444,108.784,352.156,187.314,631.151,849.68980.842,171.202,216.66
Selling, General and Administrative Excl. Other1,621.011,669.981,689.751,859.291,569.001,122.411,030.281,320.971,325.99
Research and Development-64.4074.0760.0950.7345.2342.0861.0963.33
Other Operating Expense125.60136.64169.7454.52112.4424.9612.040.0023.47
Operating Income2,285.832,302.162,492.664,273.502,949.71702.31-61.48850.23867.20
Interest Expense50.9247.0861.10107.0345.9723.6427.1944.9637.94
Unusual Expense84.1838.17138.87-0.75108.5464.94610.0140.24-4.18
Net Income Before Taxes2,363.302,423.332,543.404,544.412,958.85729.03-732.89851.52908.13
Income Taxes463.53502.17478.83676.00617.57189.1523.30202.41228.96
Consolidated Net Income2,039.111,979.382,073.103,963.962,550.101,051.67-646.67731.12872.96
Net Income From Continuing Operations1,976.261,938.792,032.853,924.132,554.681,098.47-638.62742.55875.12
Net Income1,976.261,938.792,032.853,924.132,554.681,098.47-638.62742.55875.12
EPS (Recurring)4.033.723.786.664.461.94-0.361.311.48
EPS (Basic, Before Extraordinaries)3.903.673.616.664.331.86-1.081.261.48
EPS (Diluted)3.903.673.616.664.331.86-1.081.261.48
EBITDA2,914.132,920.243,124.404,822.863,557.771,296.10621.831,389.651,530.84
Non-Operating Income (Expense)212.57206.42250.72377.19163.65115.30-34.2186.4874.69
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio15.4315.438.245.719.8111.19-17.9914.38
Price To Sales Ratio2.291.691.701.381.761.891.821.831.64
Gross Margin33.1434.1934.8141.5539.3528.4118.9329.7728.97
Operating Margin18.7919.1619.9428.7025.0610.79-1.1911.6611.34
Net Margin16.2416.1316.2626.3521.7116.87-12.3310.1811.44
Shares Outstanding504.82505.91542.14583.94590.27590.27590.27590.27590.27
Market Capitalization30,410.3630,410.3621,287.8620,517.7920,753.8912,313.039,414.8113,363.7112,584.56

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,099.142,962.523,111.732,992.912,964.693,126.962,924.402,825.03
Cost of Goods Sold Incl. D&A2,054.372,001.082,078.382,000.041,960.322,062.471,944.741,931.69
Gross Profit1,044.77961.441,033.35992.881,004.371,064.49979.66893.34
Selling, General and Administrative Excl. Other412.70421.73404.66381.93387.47429.94405.22314.38
Other Operating Expense29.5331.3033.9030.8733.8240.5931.3136.89
Operating Income602.55508.42594.78580.08583.08593.96543.12542.07
Interest Expense11.5011.8911.7115.839.599.8411.758.86
Unusual Expense15.7916.6117.7134.0713.301.68-11.0622.98
Net Income Before Taxes618.79525.38636.57582.56630.44622.62585.61602.25
Income Taxes135.7281.82103.86142.13170.92106.7581.40121.84
Consolidated Net Income520.72491.45566.21460.72450.60548.95518.25515.45
Net Income From Continuing Operations508.58476.48542.67448.53443.68538.43507.31512.55
Net Income508.58476.48542.67448.53443.68538.43507.31512.55
EPS (Recurring)1.030.971.100.930.861.010.930.96
EPS (Basic, Before Extraordinaries)1.010.941.070.880.851.010.940.93
EPS (Diluted)1.010.941.070.880.851.010.940.93
EBITDA760.94663.53746.77742.88739.21745.97689.64708.66
Non-Operating Income (Expense)43.5345.4771.2052.3770.2640.1843.1892.03
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio15.4314.5715.8310.319.6911.4110.858.24
Price To Sales Ratio2.292.332.411.631.581.691.761.66
Gross Margin33.7132.4533.2133.1733.8834.0433.5031.62
Operating Margin19.4417.1619.1119.3819.6718.9918.5719.19
Net Margin16.4116.0817.4414.9914.9717.2217.3518.14
Shares Outstanding504.82504.82504.82505.91519.80529.45536.00542.14
Market Capitalization30,410.3628,012.3029,433.8419,986.0818,938.3518,348.9621,550.6721,287.86

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,879.413,048.263,607.451,529.97715.981,457.171,764.67916.101,522.53
Short Term Receivables2,416.852,318.782,760.962,750.731,495.591,098.051,484.121,841.181,372.91
Inventories3,643.963,745.913,969.554,028.482,689.821,651.332,283.062,547.812,368.30
Other Current Assets132.66123.23166.49159.4179.7981.12138.75159.11117.41
Total Current Assets9,072.889,236.1810,504.468,468.604,981.174,287.675,670.615,464.195,381.15
Net Property, Plant & Equipment6,349.646,270.346,210.325,668.005,933.546,435.136,323.146,063.916,229.14
Total Investments and Advances2,319.302,548.962,014.431,660.551,711.111,204.43904.90923.72803.77
Long-Term Note Receivable27.52101.53105.43155.61142.80131.45133.27128.29127.91
Intangible Assets1,357.121,357.751,377.111,332.511,372.181,429.061,561.561,465.961,660.86
Deferred Tax Assets834.17831.30789.62208.87245.55205.59225.68181.61153.53
Other Assets111.69104.0780.5356.1163.0922.8523.8423.6241.85
Total Assets20,072.3120,450.1221,081.9017,550.2514,449.4313,716.1914,842.9914,251.3014,398.22
Short Term Debt Incl. Current Port. of LT Debt353.70470.49572.97710.89254.09346.76819.12509.82931.21
Accounts Payable872.91880.261,107.571,179.46845.26462.11555.89693.67750.74
Income Tax Payable271.79277.71344.56280.4773.3527.6264.99182.7135.21
Other Current Liabilities847.991,008.20876.88617.61386.95329.99340.45332.16353.74
Total Current Liabilities2,346.392,636.662,901.972,788.421,559.641,166.471,780.461,718.362,070.90
Long Term Debt95.27111.83144.90130.05194.13529.59233.2029.1934.65
Provision for Risks Charges293.56314.93310.39278.51266.80274.96285.06229.67229.69
Deferred Tax Liabilities442.25503.94631.61269.07274.72254.80336.98379.04457.97
Other Liabilities65.7768.9362.5849.7648.4343.9020.9219.5524.04
Total Liabilities3,243.243,636.294,051.463,515.812,343.732,269.722,656.622,375.812,817.25
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity16,599.1916,593.2616,842.9713,905.7111,960.5811,262.8911,988.9611,782.8811,482.18
Total Shareholders Equity16,599.1916,593.2616,842.9713,905.7111,960.5811,262.8911,988.9611,782.8811,482.18
Accumulated Minority Interest229.88220.58187.47128.73145.12183.59197.4192.6198.78
Total Equity16,829.0716,813.8317,030.4414,034.4412,105.7011,446.4712,186.3711,875.4911,580.97
Total Liabilities & Stockholders Equity20,072.3120,450.1221,081.9017,550.2514,449.4313,716.1914,842.9914,251.3014,398.22
Book Value Per Share32.8130.6128.8423.5620.2619.0820.3119.9619.45
Tangible Book Value Per Share30.1328.1026.4921.3017.9416.6617.6717.4816.64
Full-Time Employees24,87525,87429,13425,29222,77619,02823,20023,47221,605
Price to Book Ratio1.801.221.261.571.030.841.111.071.63
Return on Assets9.579.7920.3215.977.80-4.475.106.113.22
Return on Equity11.6812.1625.5219.759.46-5.496.257.524.02
Return on Invested Capital11.6112.1723.1018.209.04-5.426.087.413.99
Quick Ratio2.312.082.251.591.472.261.901.701.45
Current Ratio3.873.503.623.043.193.683.183.182.60

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income2,039.221,979.382,073.103,963.962,550.101,051.67-646.67731.12872.96
Depreciation628.50618.08631.74549.36608.06593.79683.31539.42663.64
Other Funds (Non Cash)-83.7186.25115.37-31.23180.77-380.51526.50-236.93-163.60
Funds from Operations2,584.012,621.922,648.424,288.063,366.471,238.97464.581,033.611,373.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-243.7647.92286.41182.71-2,132.41-1,044.271,066.15523.01-737.16
Cash from Operating Activities2,340.252,669.842,934.834,470.771,234.05194.701,530.741,556.62635.84
Capital Expenditures-428.40-619.09-692.73-620.40-378.65-239.14-194.60-350.11-349.10
Net Assets From Acquisitions-20.37-19.5731.39-266.07-5.490.00-1,032.16-132.82-0.02
Sale of Fixed Assets and Businesses9.9558.5630.0516.6848.4846.9914.492.096.00
Purchase or Sale of Investments-10.93318.52-825.57-1,887.73123.32388.88-893.10407.67711.23
Purchase of Investments-316.38-1.36-825.57-1,887.730.00-0.69-893.10-22.54-14.72
Sale Or Maturity of Investments305.45319.880.000.00123.32389.570.00430.20725.96
Other Uses0.920.00-10.370.00-18.91-5.07-1.040.000.00
Other Sources6.176.170.001.740.000.000.003.824.85
Cash from Investing Activities-471.18-255.41-1,467.23-2,755.79-231.25191.67-2,106.41-69.35372.96
Cash Dividends Paid-906.43-903.15-756.45-637.50-531.53-318.24-83.18-483.93-483.50
Change in Capital Stock-627.35-1,366.53-1,437.05-214.070.000.000.000.000.00
Repurchase of Common Pref Stock-627.35-1,366.53-1,437.05-214.070.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net--117.48-128.53-208.39417.36-276.95-240.41173.63-412.46
Net Financing Active Other Cash Flow-7.15-31.22-5.85-19.00-10.44-3.35-5.34-1.87-3.49
Other Financing Activities Uses-7.15-31.22-5.85-19.00-10.44-3.35-5.34-1.87-3.49
Cash from Financing Activities-1,601.64-2,485.50-2,396.33-1,130.53-177.03-646.94-377.81-353.69-899.45
Exchange Rate Effect-7.80-17.55-25.39-58.48-51.98-5.52-22.64-6.23-12.83
Net Change in Cash259.63-88.63-954.11525.98773.79-266.10-976.121,127.3596.52
Free Cash Flow1,911.852,099.662,300.443,898.89887.80-18.681,361.871,242.77286.74
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow27.7116.9713.806.2858.25-7.3617.61-
Deferred Taxes & Investment Tax Credit--61.79-171.79-194.0427.55-25.98-98.550.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments2,951.782,782.783,417.492,879.412,989.273,054.80
Short Term Receivables2,438.752,340.962,377.532,416.852,546.672,367.92
Inventories3,939.553,716.163,606.923,643.963,506.613,486.54
Other Current Assets220.94182.98196.71132.66315.01247.63
Total Current Assets9,551.029,022.879,598.659,072.889,357.569,156.90
Net Property, Plant & Equipment6,252.426,294.726,316.566,349.646,362.236,315.45
Total Investments and Advances2,823.362,708.282,276.802,319.302,393.732,584.78
Intangible Assets1,352.361,355.971,356.541,357.121,357.261,362.26
Deferred Tax Assets834.36813.18830.41834.17833.68835.95
Other Assets0.000.000.00111.690.000.00
Total Assets20,942.8120,311.3320,514.6720,072.3120,465.8920,407.56
Short Term Debt Incl. Current Port. of LT Debt387.58348.37379.48353.70378.78373.84
Accounts Payable981.83865.62845.91872.91830.17910.43
Income Tax Payable263.77270.25369.05271.79348.26298.80
Other Current Liabilities1,309.68733.60721.00847.99737.101,098.37
Total Current Liabilities2,942.882,217.852,315.442,346.392,294.312,681.44
Long Term Debt97.6298.5894.0395.2798.7398.53
Provision for Risks Charges57.8159.4352.16293.5650.2561.75
Deferred Tax Liabilities389.89395.24388.65442.25463.02472.64
Other Liabilities333.46321.57316.9665.77300.38298.54
Total Liabilities3,821.663,092.673,167.243,243.243,206.693,612.90
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity16,853.1716,962.7917,094.3916,599.1917,041.1016,583.54
Total Shareholders Equity16,853.1716,962.7917,094.3916,599.1917,041.1016,583.54
Accumulated Minority Interest267.98255.87253.03229.88218.09211.12
Total Equity17,121.1517,218.6617,347.4216,829.0717,259.1916,794.66
Total Liabilities & Stockholders Equity20,942.8120,311.3320,514.6720,072.3120,465.8920,407.56
Book Value Per Share33.3833.6033.8632.8132.7831.32
Tangible Book Value Per Share30.7130.9231.1830.1330.1728.75
Full-Time Employees---24,875--
Price to Book Ratio1.801.641.771.171.141.17
Return on Assets9.559.399.599.569.629.67
Return on Equity11.6611.4011.5211.6811.6912.06
Return on Invested Capital3.002.793.162.692.593.23
Quick Ratio1.912.392.592.312.552.11
Current Ratio3.254.074.153.874.083.41

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income520.93491.12566.21460.96450.38550.19
Depreciation158.47155.08151.99162.97156.33152.38
Other Funds (Non Cash)-43.55-100.17-14.2574.2721.55-6.67
Funds from Operations635.84546.03703.95698.19628.26695.89
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-270.240.26-84.06110.28-314.6830.90
Cash from Operating Activities365.60546.29619.89808.47313.58726.79
Capital Expenditures-78.10-133.11-123.32-122.38-184.94-168.42
Net Assets From Acquisitions0.000.01-4.52-15.87-1.860.00
Sale of Fixed Assets and Businesses-1.2610.510.490.200.1744.38
Purchase or Sale of Investments-27.91-365.22147.42234.78215.6493.24
Purchase of Investments-27.87-286.660.00-1.85132.3993.24
Sale Or Maturity of Investments-0.04-78.56147.42236.6383.250.00
Other Uses0.000.000.000.924.98-5.90
Other Sources0.00-5.475.476.170.000.00
Cash from Investing Activities-127.53-481.4433.97103.8335.86-8.08
Cash Dividends Paid0.32-606.390.00-300.362.34-605.12
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.050.24-89.89-537.75-351.06-240.54
Repurchase of Common Pref Stock0.050.24-89.89-537.75-351.06-240.54
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net35.49-29.5326.72-22.434.25-17.75
Net Financing Active Other Cash Flow-5.09-1.230.00-0.83-2.91-27.48
Other Financing Activities Uses-5.09-1.230.00-0.83-2.91-27.48
Cash from Financing Activities13.77-655.02-78.75-881.64-363.94-906.52
Exchange Rate Effect-2.41-7.066.65-4.98-9.78-0.36
Net Change in Cash249.43-597.24581.7725.68-24.28-188.18
Free Cash Flow295.75425.02504.99686.09128.64574.92
Price to Free Cash Flow27.7133.3429.6417.0922.7218.74

Revenue breakdown

Asia Pacific, Middle East & Africa2024: 3.08B 2025: 2.99B
Europe2024: 1.26B 2025: 893.54M
North America2024: 5.56B 2025: 5.71B
South America2024: 2.62B 2025: 2.39B
Consolidation, Policy2024: 616.93M 2025: 581.16M
Tubes2024: 11.91B 2025: 11.40B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.69%3.5M504.8M1.30M
2026-10-150.66%3.5M536.0M1.28M
2026-09-300.71%3.8M535.2M1.27M
2026-09-150.72%3.9M535.2M1.28M
2026-08-310.67%3.6M535.2M1.28M
2026-08-140.66%3.6M535.2M1.36M
2026-07-310.78%4.2M535.2M1.37M
2026-07-150.89%4.5M504.0M1.49M
2026-06-300.95%4.8M504.0M1.69M
2026-06-150.96%4.8M504.0M1.90M
2026-05-290.93%4.7M504.0M2.05M
2026-05-150.72%3.6M504.0M2.04M
2026-04-300.88%4.4M504.0M1.95M
2026-04-150.98%4.9M505.1M1.89M
2026-03-311.46%7.4M505.1M1.78M
2026-03-131.49%7.5M505.1M1.53M
2026-02-271.11%5.6M505.1M1.32M
2026-02-131.17%5.9M505.1M1.20M
2026-01-301.20%6.2M519.0M1.17M
2026-01-151.24%6.4M519.0M1.27M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call27.5031.9034.900.004.2640.000.000.965-0.1230.007
call30.0029.4032.4032.183.8700.000.000.961-0.1220.008
call32.5026.9029.9029.803.5080.000.000.957-0.1200.009
call35.0024.4027.400.003.1740.000.000.953-0.1170.009
call37.5021.7024.900.002.8620.000.000.947-0.1150.010
call40.0019.7022.1021.202.4251.000.000.941-0.1120.011
call42.5017.0019.800.002.1990.000.000.934-0.1080.012
call45.0014.7017.1016.851.8791.000.000.925-0.1040.013
call47.5012.0014.808.021.6922.000.000.915-0.1000.015
call50.0010.0011.907.451.3088.000.000.900-0.0940.017
call52.507.609.304.801.0422.000.000.839-0.1310.023
call55.004.407.204.900.96532.000.000.803-0.1180.027
call57.502.404.902.800.78174.000.000.723-0.1170.032
call60.001.352.001.550.38549110.000.601-0.0930.037
call62.500.350.650.650.33567810.000.355-0.0810.036
call65.000.000.500.020.47063.0010.000.233-0.0850.029
call67.500.001.250.250.63436.000.000.162-0.0820.024
call70.000.001.050.000.7730.000.000.139-0.0910.021
call72.500.000.750.100.9021.000.000.124-0.0970.020
call75.000.002.151.071.0212.000.000.112-0.1030.018
call80.000.000.751.741.2386.000.000.097-0.1120.016
call85.000.000.750.001.4630.000.000.092-0.1270.016
call90.000.000.750.701.6092.000.000.079-0.1250.014
call95.000.000.950.551.7743.000.000.073-0.1300.013
put27.500.001.350.003.2010.000.00-0.034-0.1270.007
put30.000.000.750.202.8933.000.00-0.038-0.1250.008
put32.500.000.750.252.6095.000.00-0.042-0.1230.009
put35.000.000.750.302.3452040.00-0.046-0.1200.009
put37.500.000.750.452.0993.000.00-0.052-0.1170.010
put40.000.000.750.501.8662.000.00-0.058-0.1140.011
put42.500.000.750.551.6467.000.00-0.065-0.1100.012
put45.000.000.750.801.4337.000.00-0.074-0.1060.013
put47.500.000.751.051.2323.000.00-0.085-0.1010.015
put50.000.000.500.171.0352100.00-0.099-0.0950.017
put52.500.002.151.301.02932.000.00-0.160-0.1320.023
put55.000.000.900.920.81176.000.00-0.196-0.1190.027
put57.500.001.053.000.6344.000.00-0.276-0.1180.032
put60.000.651.501.250.50220.000.00-0.406-0.0940.037
put62.501.053.002.650.53928.000.00-0.645-0.0800.036
put65.003.005.607.060.7784.000.00-0.774-0.0830.029
put67.506.007.700.000.7660.000.00-0.837-0.0820.024
put70.008.5010.0013.520.9350.000.00-0.860-0.0900.021
put72.5010.5012.900.001.2150.000.00-0.876-0.0960.020
put75.0012.8015.600.001.4680.000.00-0.886-0.1010.018
put80.0017.6021.000.001.7750.000.00-0.902-0.1100.016
put85.0022.7026.100.002.1250.000.00-0.913-0.1160.015
put90.0027.6031.300.002.3380.000.00-0.920-0.1220.014
put95.0032.5036.300.002.5360.000.00-0.926-0.1260.013

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-05SEC
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-11-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-04SEC
2026-08-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-06SEC
2026-08-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-08-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-08-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-05SEC
2026-05-22SDSpecialized Disclosure ReportSEC
2026-05-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-12SEC
2026-05-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-12SEC
2026-05-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-12SEC
2026-05-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-08SEC
2026-05-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-07SEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-06SEC
2026-05-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-06SEC
2026-04-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-10SEC
2026-04-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-10SEC
2026-03-31IRANNOTICENotice of Iran-related disclosure filed pursuant to Section 13(r)(3) of the Exchange ActSEC
2026-03-3120-FRegistration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.2025-12-31SEC
2026-03-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-30SEC
2026-03-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-30SEC
2026-03-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-05SEC
2026-03-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-03SEC
2026-02-246-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-23SEC
2026-02-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-19SEC
2026-02-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-20SEC
2026-02-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2026-02-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-18SEC
2026-02-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
RENAISSANCE TECHNOLOGIES LLC0.61%
VAN ECK ASSOCIATES CORP0.49%
WELLINGTON MANAGEMENT GROUP LLP0.49%
FMR LLC0.37%
PRICE T ROWE ASSOCIATES INC /MD/0.30%
MORGAN STANLEY0.25%
GOLDMAN SACHS GROUP INC0.23%
Merewether Investment Management, LP0.22%
Holocene Advisors, LP0.20%
DIMENSIONAL FUND ADVISORS LP0.20%

Funds

Fund% owned
Fidelity Advisor Focused Emerging Markets Fund0.38%
VanEck Oil Services ETF0.36%
VANGUARD ENERGY OPPORTUNITIES FUND0.34%
Fidelity Series Emerging Markets Opportunities Fund0.20%
MFS International New Discovery Fund0.12%
Driehaus Emerging Markets Growth Fund0.09%
Invesco International Small-Mid Company Fund0.08%
T. Rowe Price Real Assets Fund, Inc.0.07%
T. Rowe Price New Era Fund0.07%
THE DFA INTERNATIONAL VALUE SERIES0.06%

OakChart. TS. Cached 15 minutes.

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