Tenaris SA ADR (TS) — Cash Flow Reinvestment Rate
Tenaris SA ADR (TS) has a Cash Flow Reinvestment Rate of 0.31x as of March 2026, reinvesting $192.99 Million (capex $114.90 Million plus investments $78.10 Million) from operating cash flow of $619.89 Million. See free cash flow generation of Tenaris SA ADR to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Tenaris SA ADR Cash Flow Reinvestment Rate (2000–2025)
Historical reinvestment intensity for Tenaris SA ADR across 25 annual periods. For the full cash flow conversion analysis, see TS cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Tenaris SA ADR (2000–2025)
Year-by-year capital reinvestment analysis for Tenaris SA ADR. See Tenaris SA ADR (TS) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.36x | $936.08 Million | $2.60 Billion | $617.18 Million | ▼ -50.9% |
| 2024 | 0.73x | $2.10 Billion | $2.87 Billion | $704.35 Million | ▼ -15.3% |
| 2023 | 0.87x | $3.81 Billion | $4.40 Billion | $619.45 Million | ▲ +80.2% |
| 2022 | 0.48x | $560.90 Million | $1.17 Billion | $397.35 Million | ▼ -91.9% |
| 2021 | 5.96x | $710.02 Million | $119.08 Million | $244.59 Million | ▲ +738.4% |
| 2020 | 0.71x | $1.08 Billion | $1.52 Billion | $194.35 Million | ▲ +179.7% |
| 2019 | 0.25x | $388.48 Million | $1.53 Billion | $348.08 Million | ▼ -85.7% |
| 2018 | 1.78x | $1.09 Billion | $610.80 Million | $343.46 Million | ▲ +78.3% |
| 2016 | 1.00x | $861.61 Million | $863.57 Million | $763.26 Million | ▲ +22.7% |
| 2015 | 0.81x | $1.80 Billion | $2.22 Billion | $1.12 Billion | ▼ -4.3% |
| 2014 | 0.85x | $1.74 Billion | $2.04 Billion | $1.14 Billion | ▲ +55.5% |
| 2013 | 0.55x | $1.29 Billion | $2.36 Billion | $720.31 Million | ▲ +30.0% |
| 2012 | 0.42x | $781.72 Million | $1.86 Billion | $781.72 Million | ▼ -37.5% |
| 2011 | 0.67x | $862.66 Million | $1.28 Billion | $862.66 Million | ▼ -30.9% |
| 2010 | 0.97x | $847.32 Million | $870.82 Million | $847.32 Million | ▲ +546.8% |
| 2009 | 0.15x | $460.93 Million | $3.06 Billion | $460.93 Million | ▼ -50.3% |
| 2008 | 0.30x | $443.24 Million | $1.47 Billion | $443.24 Million | ▲ +36.5% |
| 2007 | 0.22x | $447.92 Million | $2.02 Billion | $447.92 Million | ▼ -9.1% |
| 2006 | 0.24x | $441.47 Million | $1.81 Billion | $441.47 Million | ▲ +11.0% |
| 2005 | 0.22x | $284.47 Million | $1.30 Billion | $284.47 Million | ▼ -88.2% |
| 2004 | 1.87x | $183.31 Million | $98.29 Million | $183.31 Million | ▲ +216.1% |
| 2003 | 0.59x | $162.62 Million | $275.64 Million | $162.62 Million | ▲ +118.5% |
| 2002 | 0.27x | $124.61 Million | $461.44 Million | $124.61 Million | ▼ -26.5% |
| 2001 | 0.37x | $200.01 Million | $544.23 Million | $200.01 Million | ▼ -55.4% |
| 2000 | 0.82x | $225.85 Million | $274.19 Million | $225.85 Million | — |