Below are the financial statements of Tenaris, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 12,523.93a | 14,868.86a | 11,762.53a |
| Cost of sales | -8,135.49a | -8,668.92a | -7,087.74a |
| Gross profit | 4,388.45a | 6,199.95a | 4,674.79a |
| Selling, general and administrative expenses | -1,904.83a | -1,919.31a | -1,634.58a |
| Impairment charge | 0a | 0a | -76.73a |
| Other operating income | 60.65a | 53.04a | 104.5a |
| Other operating expenses | -125.42a | -17.27a | -104.71a |
| Operating income | 2,418.85a | 4,316.41a | 2,963.28a |
| Finance income | 242.32a | 213.47a | 80.02a |
| Finance cost | -61.21a | -106.86a | -45.94a |
| Other financial results | -52.05a | 114.37a | -40.12a |
| Income before equity in earnings of non-consolidated companies and income tax | 2,547.91a | 4,537.39a | 2,957.24a |
| Equity in earnings of non-consolidated companies | 8.55a | 95.4a | 208.7a |
| Income before income tax | 2,556.45a | 4,632.79a | 3,165.94a |
| Income tax | -479.68a | -674.96a | -617.24a |
| Income for the year | 2,076.77a | 3,957.83a | 2,548.7a |
| Attributable to | — | — | — |
| Shareholders' equity | 2,036.45a | 3,918.07a | 2,553.28a |
| Non-controlling interests | 40.33a | 39.77a | -4.58a |
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