TenarisTS -0.12%81 FCF Margin % is 16.23% as of Mar. 2026, which is 43% above its 10-year median of 11.35. GuruFocus rates TS with a GF Score™ of 81/100 and a GF Value™ of $34.59 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 906 Oil & Gas companies, Tenaris ranks better than 66.78% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Tenaris's Free Cash Flow for the
three
months ended in Mar. 2026 was $503 Mil. Tenaris's Revenue for the
three
months ended in Mar. 2026 was $3,100 Mil. Therefore, Tenaris's FCF Margin % for the quarter that ended in Mar. 2026 was 16.23%.
The historical rank and industry rank for Tenaris's FCF Margin % or its related term are showing as below:
TS'
s FCF Margin % Range Over the Past 10 Years
Min: -10.97 Med: 11.35 Max: 25.76
Current: 8.51
During the past 13 years, the highest FCF Margin % of Tenaris was 25.76%. The lowest was -10.97%. And the median was 11.35%.
TS's FCF Margin % is ranked better than 66.78% of 906
companies
in the Oil & Gas industry
Industry Median: 3.285
vs TS: 8.51
Tenaris FCF Margin % Related Terms
Tenaris FCF Margin % Historical Data
* Premium members only.
The historical data trend for Tenaris's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Equipment & Services subindustry, Tenaris's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tenaris FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tenaris's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Tenaris's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tenaris (TS) has a FCF Margin % of 16.23% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Tenaris and its competitors. This is 43% above median its historical median of 11.35. According to the industry distribution chart, Tenaris ranks #301 out of 906 companies in the Oil & Gas industry, placing it in the top 33.2%.
Is Tenaris' FCF Margin % too high?
Tenaris' current FCF Margin % of 16.23% is 43% above median its 10-year median of 11.35. The Oil & Gas industry median FCF Margin % is 3.29. Tenaris' value of 16.23% is 394.1% above this industry median. Based on the distribution chart, Tenaris ranks #301 out of 906 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Tenaris has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenaris' FCF Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #301 out of 906 companies for FCF Margin %. This puts Tenaris in the upper half of its industry. The industry median FCF Margin % is 3.29. Tenaris' value of 16.23% is 394.1% above this benchmark. While the company's 10-year median is 11.35 vs. the industry median of 3.29, Tenaris has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.29, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current FCF Margin % of 16.23% is 394.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Tenaris and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current FCF Margin % is 16.23%, which is 43% above median its own 10-year median of 11.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaris stock overvalued right now?
Based on GuruFocus' analysis, Tenaris (TS) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.59, compared to a current price of $56.45 — trading 63.2% above its estimated fair value. The current FCF Margin % is 16.23%, which is 43% above median its 10-year median of 11.35 and 394.1% above the Oil & Gas industry median of 3.29. Tenaris' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Tenaris (TS), the current FCF Margin % is 16.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tenaris (TS) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaris stock appears to be overvalued.
The current stock price of $56.45 is trading 63.2% above its estimated GF Value™ of $34.59.
GuruFocus considers Tenaris to be Significantly Overvalued.
Key valuation signals for TS:
FCF Margin %: 16.23% (43% above median its 10-year median of 11.35)
GF Value™: $34.59 vs. price of $56.45 (63.2% above fair value)
Industry Position: 394.1% above the Oil & Gas median (#301 of 906)
No single metric tells the full story. See the TS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaris SA is engaged in the manufacture and supply of steel pipe products and related services for the energy industry and other industrial applications. The company has one reportable segment, Tubes, which includes the production and sale of steel tubular products such as OCTG, line pipe, and mechanical and structural tubes, mainly for the oil and gas industry. It operates an integrated network of manufacturing, research, and service facilities across the Americas, Europe, the Middle East, Asia, and Africa.
81GF Score
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