TS vs. VNOM: Tenaris vs. Viper Energy Stock Comparison

November 11, 2026

How do Tenaris (TS) and Viper Energy (VNOM) 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

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

Viper Energy (VNOM) trades as ordinary local shares, while Tenaris (TS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Tenaris (TS) and Viper Energy (VNOM)
Profile Item	TS	VNOM
Name	Tenaris S.A. American Depositary Shares	Viper Energy, Inc.
Country/Region	Luxembourg	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Energy Equipment & Services	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Equipment & Services	Oil & Gas Exploration & Production
Market Capitalization	29.71 billion USD	21.21 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	December 16, 2002	June 18, 2014
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

VNOM

GSPC

Tenaris (TS) vs. Viper Energy (VNOM), 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

Loading price history…

Trailing total returns for Tenaris (TS) and Viper Energy (VNOM). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
Total Return (1Y)	49.29%	12.89%
Total Return (3Y, Annualized)	24.84%	17.78%
Total Return (5Y, Annualized)	22.48%	18.74%

Risk Profile

Drawdown History

VNOM

GSPC

Tenaris (TS) vs. Viper Energy (VNOM), 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
Volatility (1Y, Annualized)	29.07%	29.71%
Beta (5Y)	0.88	0.54
Max Drawdown (5Y)	-33.71%	-34.46%
Avg. Volume (3M)	1.24M	1.93M

Risk-Adjusted Performance

Risk-Return Positioning

TS and VNOM 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 Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
Sharpe Ratio (1Y)	1.55	0.29
Sortino Ratio (1Y)	2.30	0.40

Profitability

ROE (TTM)

Both Tenaris (TS) at 11.86% and Viper Energy (VNOM) at 5.60% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

TS

Energy industry group

11.86%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TS: 11.86%
Q1: 2.03%
Min: -29.09%

VNOM

Energy industry group

5.60%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
VNOM: 5.60%
Q1: 2.03%
Min: -29.09%

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Tenaris (TS) at 16.24% and Viper Energy (VNOM) at 12.77% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

TS

Energy industry group

16.24%

Max: 56.92%
Q3: 22.92%
TS: 16.24%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

VNOM

Energy industry group

12.77%

Max: 56.92%
Q3: 22.92%
VNOM: 12.77%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Viper Energy (VNOM) at 58.79% operates in the top operating margin quartile, ahead of Tenaris (TS) at 19.26%, which runs around its industry’s norm.

TS

Energy industry group

19.26%

Max: 71.31%
Q3: 33.75%
TS: 19.26%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

VNOM

Energy industry group

58.79%

Max: 71.31%
VNOM: 58.79%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
ROE (TTM)	11.86%	5.60%
ROA (TTM)	6.69%	5.83%
Net Margin (TTM)	16.24%	12.77%
Operating Margin (TTM)	19.26%	58.79%
Gross Margin (TTM)	38.54%	100.00%

Growth

Revenue Growth

Viper Energy (VNOM) at 62.09% clears its industry range for revenue growth, far stronger top-line momentum than Tenaris (TS) at -4.33%, which is closer to a typical peer reading.

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Tenaris (TS) at 1.11% is around its peer norm for EPS growth, while Viper Energy (VNOM) at -112.57% drops into the bottom quartile, signaling weaker earnings momentum.

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
Revenue Growth (YoY)	-4.33%	62.09%
Revenue Growth (3Y CAGR)	0.62%	17.21%
EPS Growth (YoY)	1.11%	-112.57%
EPS Growth (3Y CAGR)	-5.38%	--

Financial Strength

Current Ratio (MRQ)

Both Tenaris (TS) at 3.25 and Viper Energy (VNOM) at 5.92 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

TS

Energy industry group

3.25

Max: 3.64
TS: 3.25
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

VNOM

Energy industry group

5.92

VNOM: 5.92
Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Tenaris (TS) at 0.03 and Viper Energy (VNOM) at 0.23 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

TS

Energy industry group

0.03

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
TS: 0.03
Min: 0.00

VNOM

Energy industry group

0.23

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
VNOM: 0.23
Min: 0.00

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
Current Ratio (MRQ)	3.25	5.92
Debt / Equity (MRQ)	0.03	0.23
Net Debt / EBITDA	-0.90	1.14

Dividends

Dividend Yield (TTM)

Viper Energy (VNOM) at 5.97% delivers top-quartile income for its industry, while Tenaris (TS) at 2.11% pays a more typical yield — both are credible income propositions, VNOM the richer one.

TS

Energy industry group

2.11%

Max: 8.57%
Q3: 3.58%
TS: 2.11%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

VNOM

Energy industry group

5.97%

Max: 8.57%
VNOM: 5.97%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Viper Energy (VNOM) reports payout ratio above 100% at 194.44%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Tenaris (TS) reports 45.64%, ranking against industry peers normally.

TS

Energy industry group

45.64%

Max: 133.24%
Q3: 53.31%
TS: 45.64%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

VNOM

Energy industry group

194.44%

VNOM: 194.44%
Max: 133.24%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
Dividend Yield (TTM)	2.11%	5.97%
Dividend Payout Ratio (TTM)	45.64%	194.44%

Valuation

P/E Ratio (TTM)

Tenaris (TS) at 15.09 is near its industry’s usual P/E ratio, while Viper Energy (VNOM) at 32.24 sits in the richer quartile — VNOM needs stronger growth or earnings quality to justify the premium.

TS

Energy industry group

15.09

Max: 39.54
Q3: 21.72
TS: 15.09
Median: 12.19
Q1: 7.71
Min: 2.99

VNOM

Energy industry group

32.24

Max: 39.54
VNOM: 32.24
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Tenaris (TS) at 2.44 prices around its industry’s typical P/S ratio, while Viper Energy (VNOM) at 9.82 clears its benchmark range — VNOM looks notably rich on sales.

TS

Energy industry group

2.44

Max: 5.40
Q3: 2.85
TS: 2.44
Median: 1.69
Q1: 0.88
Min: 0.00

VNOM

Energy industry group

9.82

VNOM: 9.82
Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Viper Energy (VNOM) at 1.53 is valued about in line with its industry on P/B ratio, while Tenaris (TS) at 3.53 carries an above-peer premium to book — TS is pricier on assets.

TS

Energy industry group

3.53

Max: 4.21
TS: 3.53
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

VNOM

Energy industry group

1.53

Max: 4.21
Q3: 2.38
VNOM: 1.53
Median: 1.51
Q1: 1.08
Min: 0.01

Tenaris (TS) vs. Viper Energy (VNOM): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Tenaris (TS) and Viper Energy (VNOM)
Metric	TS	VNOM
P/E Ratio (TTM)	15.09	32.24
P/S Ratio (TTM)	2.44	9.82
P/B Ratio (MRQ)	3.53	1.53
Free Cash Flow Yield (TTM)	6.50%	3.67%