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.
Tubacex, S.A. is a leading Spanish manufacturer specializing in the production, distribution, and sale of seamless stainless steel tubes and pipes, along with corrosion-resistant alloys and precision machining services. The company operates a fully vertically integrated value chain, from metallurgy research and development through steelmaking, engineering, and installation of high-value-added industrial solutions tailored for the energy and mobility sectors. It excels in demanding applications for oil & gas, energy generation, low-carbon technologies like hydrogen and carbon capture, aerospace, and precision tubing, ensuring performance under extreme temperatures, pressures, and corrosive conditions. With production facilities in 13 countries across four continents—including Spain, the United States, Italy, India, and Norway—and service centers in over 30 nations, Tubacex, S.A. maintains a global footprint close to key markets. Renowned for its sustainability efforts, it holds top ratings such as an 'A-' from the Carbon Disclosure Project for climate leadership and Science Based Targets validation, committing to 60% greenhouse gas reductions by 2030 and net zero by 2050. Employing around 2,769 people and listed since 1970, the firm upholds exemplary corporate governance, positioning it as a resilient player in the iron and steel industry.
€3.23
€0.06 (-1.67%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 1.24%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.3% YoY. Margins deteriorated 7.0pp alongside, both lines moving the wrong way.
ROIC dropped from 5.94% to 0.75%, capital efficiency is deteriorating. Negative free cash flow of -€80M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€691M
▼ -6.3% YoY
Net Income (TTM)
-€34M
▼ -193.9% YoY
Op. Margin
-0.11%
▼ -7.0pp YoY
ROIC
0.75%
▼ -5.2pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-€80M
▲ +34.0% YoY
Op. Cash Flow (FY)
€6M
▼ -87.5% YoY
Net Debt
€345M
Cash & Equiv.
€157M
3Y CAGR: +0.2%
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