MT vs TS
ArcelorMittal and Tenaris SA, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | MT | TS |
|---|---|---|
| Revenue | $61.4B | $12.0B |
| Net income | $3.2B | $1.9B |
| Gross margin | 7.1% | 34.4% |
| Net margin | 5.1% | 16.1% |
| Return on equity | 6.1% | 11.6% |
| Diluted EPS | $4.11 | $1.83 |
| Dividend / share | $0.60 | — |
| Payout ratio | 17.2% | 46.6% |
| Free cash flow | — | — |
| Equity | $54.5B | $16.6B |
| Net debt / equity | 0.15× | −0.02× |
| Current ratio | 1.36× | 3.87× |
| Revenue CAGR 5y | 2.9% | 18.4% |
| Profit CAGR 5y | — | — |
MT bills 5.1× the revenue of TS, and TS keeps more of each dollar of revenue as profit (16.1% against 5.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Advertisement
AdSense · Leaderboard 728×90 · responsive
Revenue by year
10 years side by side
| Fiscal year | MT | TS |
|---|---|---|
| FY2025 | $61.4B | $12.0B |
| FY2024 | $62.4B | $12.5B |
| FY2023 | $68.3B | $14.9B |
| FY2022 | $79.8B | $11.8B |
| FY2021 | $76.6B | $6.5B |
| FY2020 | $53.3B | $5.1B |
| FY2019 | $70.6B | $7.3B |
| FY2018 | $76.0B | $7.7B |
| FY2017 | $68.7B | $5.3B |
| FY2016 | $56.8B | $4.3B |
Net income by year
Bottom line
| Fiscal year | MT | TS |
|---|---|---|
| FY2025 | $3.2B | $1.9B |
| FY2024 | $1.3B | $2.0B |
| FY2023 | $919.0M | $3.9B |
| FY2022 | $9.3B | $2.6B |
| FY2021 | $15.0B | $1.1B |
| FY2020 | $-733.0M | $-634.4M |
| FY2019 | $-2.5B | $742.7M |
| FY2018 | $5.1B | $876.1M |
| FY2017 | $4.6B | $544.7M |
| FY2016 | $1.8B | $55.3M |
Advertisement
AdSense · Rectangle 336×280