Tenaris SA
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | -1.4% | 1.3% |
| FY2017 | — | 6.3% | 10.3% |
| FY2018 | — | 11.4% | 11.4% |
| FY2019 | — | 11.4% | 10.2% |
| FY2020 | — | -12.9% | -12.3% |
| FY2021 | — | 10.8% | 16.9% |
| FY2022 | — | 25.2% | 21.7% |
| FY2023 | — | 29.0% | 26.4% |
| FY2024 | — | 19.3% | 16.3% |
| FY2025 | — | 19.1% | 16.1% |