Tenaris (FRA:TW10) OCF Margin %: 19.92% (As of Mar. 2026) — Near Median


FRA:TW10 Tenaris SA FRA:TW10
77 GF Score
Price €25.38
GF Value €15.53
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tenaris OCF Margin %?

Tenaris FRA:TW10 +0.67% 77 OCF Margin % is 19.92% as of Mar. 2026, which is 3% below its 10-year median of 20.53. GuruFocus rates FRA:TW10 with a GF Score™ of 77/100 and a GF Value™ of €15.53 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 906 Oil & Gas companies, Tenaris ranks worse than 56.73% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Tenaris's Cash Flow from Operations for the three months ended in Mar. 2026 was €534 Mil. Tenaris's Revenue for the three months ended in Mar. 2026 was €2,682 Mil. Therefore, Tenaris's OCF Margin % for the quarter that ended in Mar. 2026 was 19.92%.

As of today, Tenaris's current OCF Yield % is 4.46%.

The historical rank and industry rank for Tenaris's OCF Margin % or its related term are showing as below:

FRA:TW10' s OCF Margin % Range Over the Past 10 Years
Min: -0.42   Med: 20.53   Max: 29.56
Current: 10.69


During the past 13 years, the highest OCF Margin % of Tenaris was 29.56%. The lowest was -0.42%. And the median was 20.53%.

FRA:TW10's OCF Margin % is ranked worse than
56.73% of 906 companies
in the Oil & Gas industry
Industry Median: 13.93 vs FRA:TW10: 10.69


Tenaris OCF Margin % Related Terms


Tenaris OCF Margin % Historical Data

* Premium members only.

The historical data trend for Tenaris's OCF 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.

Tenaris OCF Margin % Chart

Tenaris Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 9.92 29.56 22.89 21.70

Tenaris Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.10 21.82 0.00 0.00 19.92

FRA:TW10 vs SLB, BKR, HAL: OCF Margin % Comparison

For the Oil & Gas Equipment & Services subindustry, Tenaris's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenaris's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Tenaris's OCF Margin % falls into.


FRA:TW10
77GF Score
Tenaris SA FRA:TW10
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tenaris OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Tenaris's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2220.041/10231.908
=21.70 %

Tenaris's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=534.263/2681.896
=19.92 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 19.92% mean?
Tenaris (FRA:TW10) has a OCF Margin % of 19.92% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Tenaris and its competitors. This is near median its historical median of 20.53. According to the industry distribution chart, Tenaris ranks #514 out of 906 companies in the Oil & Gas industry, placing it in the top 56.7%.
Is Tenaris' OCF Margin % too high?
Tenaris' current OCF Margin % of 19.92% is near median its 10-year median of 20.53. The Oil & Gas industry median OCF Margin % is 13.93. Tenaris' value of 19.92% is 43% above this industry median. Based on the distribution chart, Tenaris ranks #514 out of 906 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tenaris has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tenaris' OCF Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Tenaris ranks #514 out of 906 companies for OCF Margin %. This places Tenaris in the lower half of its industry. The industry median OCF Margin % is 13.93. Tenaris' value of 19.92% is 43% above this benchmark. While the company's 10-year median is 20.53 vs. the industry median of 13.93, 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 OCF Margin % for an Oil & Gas company?
The median OCF Margin % among Oil & Gas companies is 13.93, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaris's current OCF Margin % of 19.92% is 43% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Tenaris and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaris's current OCF Margin % is 19.92%, which is near median its own 10-year median of 20.53. 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 (FRA:TW10) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.53, compared to a current price of €25.38 — trading 63.4% above its estimated fair value. The current OCF Margin % is 19.92%, which is near median its 10-year median of 20.53 and 43% above the Oil & Gas industry median of 13.93. Tenaris' overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Tenaris (FRA:TW10), the current OCF Margin % is 19.92% 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 (FRA:TW10) Overvalued in 2026?

Based on GuruFocus' analysis, Tenaris stock appears to be overvalued. The current stock price of €25.38 is trading 63.4% above its estimated GF Value™ of €15.53. GuruFocus considers Tenaris to be Significantly Overvalued.

Key valuation signals for FRA:TW10:

  • OCF Margin %: 19.92% (near median its 10-year median of 20.53)
  • GF Value™: €15.53 vs. price of €25.38 (63.4% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 43% above the Oil & Gas median (#514 of 906)

No single metric tells the full story. See the FRA:TW10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tenaris Business Description

Industry EnergyOil & Gas
Address 26, Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
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.
77GF Score

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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€25.38
Price
€15.53
GF Value