Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Tubos Reunidos, S.A. is a Spanish steel manufacturer specializing in the production and sale of seamless steel pipes and tubes. Founded in 1892 and headquartered in Amurrio, Spain, the company operates through segments including Manufacturing, Transformation, Distribution and Marketing, and Other Activities. It produces hot-rolled and cold-drawn seamless carbon steel, alloy, stainless steel, and high nickel alloy pipes for critical industries such as oil and gas, petrochemical, power generation, automotive, mechanical engineering, and construction. Notable products include premium and semi-premium connectors for natural gas and oil wells, as well as WearKnot drilling equipment. With approximately 1,400 employees, Tubos Reunidos serves markets across upstream, midstream, downstream, and mechanical sectors, maintaining a global presence in over 100 countries on five continents, including key revenue contributions from Europe and the United States. The company emphasizes innovation through advanced R&D, environmental commitment, and recent developments like net zero carbon emission seamless steel tubes from recycled materials, supporting the energy transition.
€0.14
+€0.00 (+0.00%)
Price from 5 days ago
The business is unprofitable at the operating level (-10.85% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 12.9%, still solid. Margins contracted 7.8pp, which offsets some of the top-line progress.
ROIC dropped from -2.04% to -10.02%, capital efficiency is deteriorating. Negative free cash flow of -€7M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€366M
▲ +12.9% YoY
Net Income (TTM)
-€119M
▼ -528.2% YoY
Op. Margin
-10.85%
▼ -7.8pp YoY
ROIC
-10.02%
▼ -8.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€7M
▲ +54.1% YoY
Op. Cash Flow (TTM)
€926K
▲ +124.6% YoY
Net Debt
€270M
Cash & Equiv.
€35M
3Y CAGR: -10.7%
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