Saturday 17 October 2026 Export CSANY’s income statement to Excel — free account

Cosan S.A. Sponsored ADR

CSANY Energy Oil & Gas Refining & Marketing

Cosan S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 11.2% from fiscal 2024. In the quarter to March 2026, revenue grew 3.95%, EPS grew 53.9%, free cash flow grew 141.8% and total debt rose 8.09%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

3.95 0.01 +0.25%

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Market cap: $2.7B
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: 0.00%
F-score: 4/9
Altman Z: 0.75
Beneish M: −3.37
Dividend safety: 31/100

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 24.52

Total sells 0.87

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	1	1	—	—	—	—	—
Sell	—	—	—	—	—	1	1	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 2,710.00

Revenue 7,304.13

Net Income (1,311.26)

Free Cash Flow 953.71

Net Debt 8,397.35

Current Ratio 1.87

Debt/Equity 2.25

P/E ratio 0.00

Fwd P/E 0.00

P/S ratio 0.53

P/B ratio 0.69

Past 5Y EPS Growth —

This Y EPS Growth 95.20%

Next Y EPS Growth 467.33%

Next Y revenue growth 1,809.79%

Next 5Y EPS Growth 17.77%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 35.13%

10-year low 10-year high

P/B against its own 10 years 53.56%

10-year low 10-year high

EV/Sales against its own 10 years 34.51%

10-year low 10-year high

EV/FCF against its own 10 years 24.24%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	0.32	0.32
2023	0.34	0.34
2022	0.00	0.36
2021	0.46	0.19 0.26
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,702	3,955	5,468	4,175
Receivables	1,096	1,068	1,065	1,278
Inventory	359	384	353	361
Other	573	298	295	244
	5,731	5,706	7,180	6,059

	2023	2024	2025	Q'26
Payables	785	958	730	724
ST’ Debt	992	828	719	722
Other	650	863	752	1,223
	3,237	3,321	2,785	3,241

Compound Annual Growth %

	10y	5y	3y
Sales	6.65%	12.79%	(2.02%)
Cash Flow	8.59%	16.28%	6.50%
Earnings	0.00%	0.00%	0.00%
Book Value	1.07%	6.58%	(15.88%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,715	—	—	—	—
’25	1,649	1,849	1,958	1,782	7,239
’24	1,987	2,049	2,100	2,013	8,148
’23	1,854	2,022	2,100	1,929	7,906
’22	1,654	1,834	2,196	2,033	7,697
’21	820	1,238	1,274	1,212	4,793
’20	1,112	779	1,071	1,003	3,965

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	469	—	—	—	—
’25	295	703	777	558	2,333
’24	393	779	519	735	2,425
’23	350	645	703	361	2,058
’22	174	417	1,439	424	1,932
’21	57	521	140	216	954
’20	(5)	336	346	419	1,097

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	40	—	—	—	—
’25	(95)	351	362	201	820
’24	83	474	203	220	980
’23	59	373	357	14	804
’22	174	417	821	424	1,056
’21	57	183	140	216	70
’20	(190)	187	168	150	315

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.31)	—	—	—	—
’25	(0.65)	(0.36)	(0.47)	(1.32)	(2.82)
’24	(0.08)	(0.09)	0.11	(3.58)	(3.76)
’23	(0.38)	(0.45)	0.30	2.27	0.46
’22	0.06	(0.01)	(0.01)	0.10	0.49
’21	0.06	0.38	0.32	0.12	2.47
’20	0.64	0.08	0.18	1.19	1.67

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	13.59	11.36	10.13	5.25	3.80	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	21.30	20.97	17.51	16.45	6.25
People
People	Employees	10,976	11,230	11,632	11,909	11,930	10,581	11,181	11,656	12,090	12,775
	Revenue/emp, $m	0.33	0.38	0.40	0.44	0.33	0.45	0.69	0.68	0.67	0.57
Income, $m
Income, $m	Revenue	3,589	4,254	4,609	5,223	3,965	4,793	7,697	7,906	8,148	7,239
	Gross margin, %	33.56	32.03	28.05	31.30	29.04	23.20	22.61	27.66	31.20	32.60
	EBT	159	462	778	928	386	1,158	523	1,024	(972)	(1,431)
	EBT margin, %	4.44	10.86	16.88	17.77	9.74	24.17	6.80	12.96	(11.93)	(19.77)
	Net income	159	462	778	928	386	1,158	523	1,024	(972)	(1,431)
	Depreciation	553	668	619	580	454	464	584	674	717	697
Per share, $
Per share, $	Revenue	13.56	16.18	18.88	22.95	17.73	10.45	16.47	16.94	17.50	11.59
	Earnings	0.30	0.66	1.00	1.41	1.68	2.47	0.49	0.46	(3.76)	(2.79)
	Cash flow	3.94	4.87	6.03	7.01	4.91	2.08	4.13	4.41	5.21	3.74
	Capex	(2.37)	(2.92)	(2.94)	(3.06)	(3.50)	(1.93)	(1.87)	(2.69)	(3.10)	(2.42)
	Free cash flow	1.56	1.95	3.08	3.95	1.41	0.15	2.26	1.72	2.10	1.31
	Book value	17.34	20.32	20.14	18.08	18.06	11.66	19.97	21.88	15.69	8.89
	Shares, m	265	263	244	228	224	459	467	467	466	625
Valuation, ×
Valuation, ×	P/E	9.70	15.24	8.00	19.24	18.27	17.61	86.05	8.94	0.00	0.00
	P/S	0.58	0.63	0.47	1.00	7.58	6.45	2.78	0.92	0.31	0.34
	P/B	0.45	0.50	0.44	1.26	13.49	11.07	5.49	0.71	0.35	0.44
	EV/Sales	2.21	2.21	2.21	2.21	2.21	7.57	3.80	2.05	1.51	1.36
	EV/FCF	27.83	27.83	27.83	27.83	27.83	(113,464.44)	27.95	20.20	12.55	12.05
Cash, $m
Cash, $m	Operating cash flow	1,042	1,280	1,471	1,596	1,097	954	1,932	2,058	2,425	2,333
	Capex	(628)	(767)	(719)	(697)	(782)	(884)	(876)	(1,255)	(1,446)	(1,513)
	Free cash flow	414	513	753	898	315	70	1,056	804	980	820
Balance, $m
Balance, $m	Working capital	614	1,256	1,565	1,793	2,112	2,656	1,894	2,494	2,385	4,395
	Total debt	6,263	7,917	7,165	9,262	8,785	9,245	11,154	12,671	13,719	12,881
	Net debt	4,596	4,764	4,974	6,268	5,253	5,311	7,850	8,968	9,764	7,414
	Shareholders’ equity	4,590	5,343	4,916	4,115	4,039	5,350	9,330	10,212	7,304	5,554
Returns, %
Returns, %	ROA	0.52	1.08	1.63	2.08	1.01	6.81	1.03	0.81	(6.45)	(6.91)
	ROIC	3.99	6.24	5.98	6.86	4.39	4.44	5.27	7.16	5.22	9.03
	ROE	1.66	3.47	5.20	7.39	4.09	24.92	3.10	2.24	(19.95)	(27.08)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UGP Ultrapar Participacoes S.A.	$8.2B	12.4×	—	+36.71% (above 0%: growing)	+61.11% (above 0%: growing)	+873.56% (above 0%: growing)	11.12%	7.25%	Compare
CVI CVR Energy Inc.	$6.2B	90.3×	90.4×	+55.48% (above 0%: growing)	n/m	+104.65% (above 0%: growing)	4.27%	2.85%	Compare
IEP Icahn Enterprises L.P.	$4.7B	— (loss-making)	18.5×	+25.58% (above 0%: growing)	n/m	+12.90% (above 0%: growing)	3.09%	(8.67%)	Compare
DK Delek US Holdings, Inc.	$4.7B	20.8×	12.2×	+47.83% (above 0%: growing)	n/m	+173.86% (above 0%: growing)	8.93%	7.40%	Compare
PARR Par Pacific Holdings, Inc.	$4.2B	4.8×	4.1×	+56.80% (above 0%: growing)	+707.63% (above 0%: growing)	+176.88% (above 0%: growing)	28.72%	21.37%	Compare
SHI SINOPEC Shangai Petrochemical Company, Ltd.	$3.8B	117×	18.4×	+2.18% (above 0%: growing)	n/m	+88.32% (above 0%: growing)	15.31%	(0.73%)	Compare
DKL Delek Logistics Partners, L.P.	$3.2B	20.0×	15.8×	+56.18% (above 0%: growing)	−34.94% (below 0%: shrinking)	+193.34% (above 0%: growing)	17.18%	16.09%	Compare
CSANY Cosan S.A. Sponsored ADR	$2.7B	— (loss-making)	— (loss-making)	+3.95% (above 0%: growing)	n/m	+141.78% (above 0%: growing)	34.07%	23.83%
WKC World Kinect Corporation	$1.9B	— (loss-making)	11.6×	+50.29% (above 0%: growing)	n/m	−363.91% (below 0%: shrinking)	2.69%	0.71%	Compare
Median of peers	$4.5B	20.4×	15.8×	+49.06%	+61.11%	+139.26%	10.03%	5.05%

All 19 Oil & Gas Refining & Marketing stocks →

Cosan S.A. Sponsored ADR (CSANY) key facts

Concern: Cosan S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 11.2% from fiscal 2024.
Cosan S.A. Sponsored ADR (CSANY) is an Oil & Gas Refining & Marketing company in the Energy sector.
As of October 16, 2026, CSANY traded at $3.95, a market capitalization of $2.7 billion.
Cosan S.A. Sponsored ADR does not currently pay a dividend.
Return on equity was −27.1% and debt-to-equity 2.25.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.75 (distress zone) for fiscal 2025.