TS vs. YPF: Tenaris vs. YPF Stock Comparison

November 11, 2026

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

Both Tenaris (TS) and YPF (YPF) 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 Tenaris (TS) and YPF (YPF)
Profile Item	TS	YPF
Name	Tenaris S.A. American Depositary Shares	YPF Sociedad Anónima Sponsored ADR
Country/Region	Luxembourg	Argentina
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	Integrated Oil & Gas
Market Capitalization	29.71 billion USD	15.16 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 16, 2002	June 29, 1993
Security Type	ADR	ADR

Price Performance

Cumulative Growth

YPF

GSPC

Tenaris (TS) vs. YPF (YPF), 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 Tenaris (TS) and YPF (YPF). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
Total Return (1Y)	49.29%	4.12%
Total Return (3Y, Annualized)	24.84%	55.92%
Total Return (5Y, Annualized)	22.48%	52.62%

Risk Profile

Drawdown History

YPF

GSPC

Tenaris (TS) vs. YPF (YPF), 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 Tenaris (TS) and YPF (YPF). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
Volatility (1Y, Annualized)	29.07%	39.02%
Beta (5Y)	0.88	1.38
Max Drawdown (5Y)	-33.71%	-48.79%
Avg. Volume (3M)	1.24M	1.23M

Risk-Adjusted Performance

Risk-Return Positioning

TS and YPF 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 YPF (YPF)
Metric	TS	YPF
Sharpe Ratio (1Y)	1.55	-0.00
Sortino Ratio (1Y)	2.30	-0.01

Profitability

ROE (TTM)

Both Tenaris (TS) at 11.86% and YPF (YPF) at 17.41% 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%

YPF

Energy industry group

17.41%

Max: 53.85%
Q3: 24.79%
YPF: 17.41%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

Both Tenaris (TS) at 16.24% and YPF (YPF) at 9.76% 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%

YPF

Energy industry group

9.76%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
YPF: 9.76%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Both Tenaris (TS) at 19.26% and YPF (YPF) at 29.16% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

TS

Energy industry group

19.26%

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

YPF

Energy industry group

29.16%

Max: 71.31%
Q3: 33.75%
YPF: 29.16%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
ROE (TTM)	11.86%	17.41%
ROA (TTM)	6.69%	9.92%
Net Margin (TTM)	16.24%	9.76%
Operating Margin (TTM)	19.26%	29.16%
Gross Margin (TTM)	38.54%	38.74%

Growth

Revenue Growth

Both Tenaris (TS) at -4.33% and YPF (YPF) at -4.39% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Tenaris (TS) vs. YPF (YPF): 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 YPF (YPF) at -135.23% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
Revenue Growth (YoY)	-4.33%	-4.39%
Revenue Growth (3Y CAGR)	0.62%	-0.28%
EPS Growth (YoY)	1.11%	-135.23%
EPS Growth (3Y CAGR)	-5.38%	--

Financial Strength

Current Ratio (MRQ)

YPF (YPF) at 1.24 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.

TS

Energy industry group

3.25

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

YPF

Energy industry group

1.24

Max: 3.64
Q3: 2.21
Median: 1.41
YPF: 1.24
Q1: 0.88
Min: 0.24

Tenaris (TS) vs. YPF (YPF): 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 YPF (YPF) at 0.79 runs a more typical debt-to-equity mix.

TS

Energy industry group

0.03

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

YPF

Energy industry group

0.79

Max: 1.75
Q3: 0.93
YPF: 0.79
Median: 0.54
Q1: 0.30
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
Current Ratio (MRQ)	3.25	1.24
Debt / Equity (MRQ)	0.03	0.79
Net Debt / EBITDA	-0.90	0.96

Dividends

Dividend Yield (TTM)

YPF (YPF) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tenaris (TS) reports a yield of 2.11%, ranking against industry peers normally.

TS

Energy industry group

2.11%

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

YPF

Energy industry group

0.00%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
YPF: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

YPF (YPF) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tenaris (TS) reports a payout of 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%

YPF

Energy industry group

0.00%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
YPF: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
Dividend Yield (TTM)	2.11%	0.00%
Dividend Payout Ratio (TTM)	45.64%	0.00%

Valuation

P/E Ratio (TTM)

YPF (YPF) at 7.12 sits in the cheaper P/E ratio quartile, while Tenaris (TS) at 15.09 is closer to its industry’s usual earnings multiple — a discount for YPF, though growth and earnings durability still matter.

TS

Energy industry group

15.09

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

YPF

Energy industry group

7.12

Max: 39.54
Q3: 21.72
Median: 12.19
Q1: 7.71
YPF: 7.12
Min: 2.99

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

P/S Ratio (TTM)

YPF (YPF) at 0.00 sits in the cheaper P/S ratio quartile while Tenaris (TS) at 2.44 prices around its industry’s middle — YPF costs less per dollar of sales, though read it alongside growth and margins.

TS

Energy industry group

2.44

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

YPF

Energy industry group

0.00

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
YPF: 0.00
Min: 0.00

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

P/B Ratio (MRQ)

YPF (YPF) at 1.12 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

YPF

Energy industry group

1.12

Max: 4.21
Q3: 2.38
Median: 1.51
YPF: 1.12
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for Tenaris (TS) and YPF (YPF)
Metric	TS	YPF
P/E Ratio (TTM)	15.09	7.12
P/S Ratio (TTM)	2.44	0.00
P/B Ratio (MRQ)	3.53	1.12
Free Cash Flow Yield (TTM)	6.50%	5,553.69%