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EQNR vs. TS: Equinor vs. Tenaris Stock Comparison

How do Equinor (EQNR) and Tenaris (TS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Tenaris (TS) both fall under the Energy industry group, but EQNR is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.

Both Equinor (EQNR) and Tenaris (TS) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for Equinor (EQNR) and Tenaris (TS)
Profile ItemEQNRTS
NameEquinor ASA Sponsored ADRTenaris S.A. American Depositary Shares
Country/RegionNorwayLuxembourg
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsEnergy Equipment & Services
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Equipment & Services
Market Capitalization99.39 billion USD29.71 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001December 16, 2002
Security TypeADRADR

Price Performance

Cumulative Growth

EQNR
TS
GSPC
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Equinor (EQNR) vs. Tenaris (TS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Tenaris (TS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Tenaris (TS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
Total Return (1Y)78.03%49.29%
Total Return (3Y, Annualized)17.56%24.84%
Total Return (5Y, Annualized)17.66%22.48%

Risk Profile

Drawdown History

EQNR
TS
GSPC
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Equinor (EQNR) vs. Tenaris (TS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Tenaris (TS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
Volatility (1Y, Annualized)40.50%29.07%
Beta (5Y)0.180.88
Max Drawdown (5Y)-34.57%-33.71%
Avg. Volume (3M)3.77M1.24M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and TS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
Sharpe Ratio (1Y)1.821.55
Sortino Ratio (1Y)2.762.30

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Tenaris (TS) at 11.86% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

TS

Energy industry group

11.86%

Max
53.85%
Q3
24.79%
Median
12.85%
TS
11.86%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Equinor (EQNR) at 9.79% and Tenaris (TS) at 16.24% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

TS

Energy industry group

16.24%

Max
56.92%
Q3
22.92%
TS
16.24%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Equinor (EQNR) at 37.00% operates in the top operating margin quartile, ahead of Tenaris (TS) at 19.26%, which runs around its industry’s norm.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

TS

Energy industry group

19.26%

Max
71.31%
Q3
33.75%
TS
19.26%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
ROE (TTM)27.57%11.86%
ROA (TTM)17.10%6.69%
Net Margin (TTM)9.79%16.24%
Operating Margin (TTM)37.00%19.26%
Gross Margin (TTM)43.18%38.54%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Tenaris (TS) at -4.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Tenaris (TS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinor (EQNR) at -37.62% and Tenaris (TS) at 1.11% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Tenaris (TS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
Revenue Growth (YoY)3.24%-4.33%
Revenue Growth (3Y CAGR)-10.78%0.62%
EPS Growth (YoY)-37.62%1.11%
EPS Growth (3Y CAGR)-40.11%-5.38%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while Tenaris (TS) at 3.25 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

TS

Energy industry group

3.25

Max
3.64
TS
3.25
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Tenaris (TS) at 0.03 keeps leverage in the lower industry quartile, while Equinor (EQNR) at 0.66 runs a more typical debt-to-equity mix.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

TS

Energy industry group

0.03

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TS
0.03
Min
0.00
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
Current Ratio (MRQ)1.183.25
Debt / Equity (MRQ)0.660.03
Net Debt / EBITDA0.12-0.90

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Tenaris (TS) at 2.11% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

TS

Energy industry group

2.11%

Max
8.57%
Q3
3.58%
TS
2.11%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and Tenaris (TS) at 45.64% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

TS

Energy industry group

45.64%

Max
133.24%
Q3
53.31%
TS
45.64%
Median
25.24%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
Dividend Yield (TTM)3.67%2.11%
Dividend Payout Ratio (TTM)31.54%45.64%

Valuation

P/E Ratio (TTM)

Both Equinor (EQNR) at 8.71 and Tenaris (TS) at 15.09 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

TS

Energy industry group

15.09

Max
39.54
Q3
21.72
TS
15.09
Median
12.19
Q1
7.71
Min
2.99
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Tenaris (TS) at 2.44 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

TS

Energy industry group

2.44

Max
5.40
Q3
2.85
TS
2.44
Median
1.69
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Tenaris (TS) at 3.53 sits in the upper P/B ratio quartile, and Equinor (EQNR) at 4.44 prices even higher, above its industry range.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

TS

Energy industry group

3.53

Max
4.21
TS
3.53
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Tenaris (TS): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Tenaris (TS)
MetricEQNRTS
P/E Ratio (TTM)8.7115.09
P/S Ratio (TTM)0.822.44
P/B Ratio (MRQ)4.443.53
Free Cash Flow Yield (TTM)32.55%6.50%