Tenaris SA ADR (TS) — Capital Reinvestment Ratio
Tenaris SA ADR (TS) has a Capital Reinvestment Ratio of 0.19x as of March 2026, meaning it reinvests 0% of its operating cash flow ($619.89 Million) in capital expenditures ($114.90 Million). Check TS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Tenaris SA ADR Capital Reinvestment Ratio (2000–2025)
This chart tracks Tenaris SA ADR's Capital Reinvestment Ratio across 25 annual periods. For the full cash flow conversion analysis, see how efficiently does Tenaris SA ADR generate cash.
Annual Capital Reinvestment Ratio for Tenaris SA ADR (2000–2025)
Year-by-year Capital Reinvestment Ratio for Tenaris SA ADR from 2000 to 2025. See Tenaris SA ADR (TS) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.24x | $2.60 Billion | $617.18 Million | ▼ -3.4% |
| 2024 | 0.25x | $2.87 Billion | $704.35 Million | ▲ +74.4% |
| 2023 | 0.14x | $4.40 Billion | $619.45 Million | ▼ -58.6% |
| 2022 | 0.34x | $1.17 Billion | $397.35 Million | ▼ -83.4% |
| 2021 | 2.05x | $119.08 Million | $244.59 Million | ▲ +1506.9% |
| 2020 | 0.13x | $1.52 Billion | $194.35 Million | ▼ -43.9% |
| 2019 | 0.23x | $1.53 Billion | $348.08 Million | ▼ -59.5% |
| 2018 | 0.56x | $610.80 Million | $343.46 Million | ▼ -36.4% |
| 2016 | 0.88x | $863.57 Million | $763.26 Million | ▲ +74.6% |
| 2015 | 0.51x | $2.22 Billion | $1.12 Billion | ▼ -9.3% |
| 2014 | 0.56x | $2.04 Billion | $1.14 Billion | ▲ +82.6% |
| 2013 | 0.31x | $2.36 Billion | $720.31 Million | ▼ -27.2% |
| 2012 | 0.42x | $1.86 Billion | $781.72 Million | ▼ -37.5% |
| 2011 | 0.67x | $1.28 Billion | $862.66 Million | ▼ -30.9% |
| 2010 | 0.97x | $870.82 Million | $847.32 Million | ▲ +546.8% |
| 2009 | 0.15x | $3.06 Billion | $460.93 Million | ▼ -50.3% |
| 2008 | 0.30x | $1.47 Billion | $443.24 Million | ▲ +36.5% |
| 2007 | 0.22x | $2.02 Billion | $447.92 Million | ▼ -9.1% |
| 2006 | 0.24x | $1.81 Billion | $441.47 Million | ▲ +11.0% |
| 2005 | 0.22x | $1.30 Billion | $284.47 Million | ▼ -88.2% |
| 2004 | 1.87x | $98.29 Million | $183.31 Million | ▲ +216.1% |
| 2003 | 0.59x | $275.64 Million | $162.62 Million | ▲ +118.5% |
| 2002 | 0.27x | $461.44 Million | $124.61 Million | ▼ -26.5% |
| 2001 | 0.37x | $544.23 Million | $200.01 Million | ▼ -55.4% |
| 2000 | 0.82x | $274.19 Million | $225.85 Million | — |