Gerdau S.A.

GGB Basic Materials Steel

Gerdau S.A.’s revenue for fiscal 2025 (year ended December 2025) was $12.5 billion, up 0.68% from fiscal 2024.

Revenue
+14.3%
EPS
+87.5%
Free cash flow
+172.0%
Total debt
−4.72%

Quarter to June 2026, against a year earlier

4.41 0.19 −4.13%
Market cap
$5.5B
P/E
19.2×
Fwd P/E
—
Dividend yield
3.41%
F-score
5/9
Altman Z
2.56
Beneish M
−2.86
Dividend safety
16/100

Gerdau S.A. (GGB) Operating margin

Alert me on Operating margin

Gerdau S.A.'s operating margin over the twelve months to 30 June 2026 was 7.45%, up 2.1 percentage points from fiscal 2025 (5.35%). Over the past ten years it has ranged from −7.32% (fiscal 2015) to 26.8% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Steel industry median of 6.93% and above the Basic Materials sector median of 2.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 5.35% (5.82)
FY2024 11.2% (4.00)
FY2023 15.2% (6.37)
FY2022 21.5% (5.29)
FY2021 26.8% 14.97
FY2020 11.9% 3.83
FY2019 8.03% (0.74)
FY2018 8.77% 5.70
FY2017 3.07% 7.38
FY2016 −4.31% 3.01

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 13.1% 2.08
Mar 2026 11.0% 15.21
Dec 2025 −4.24% (13.46)
Sep 2025 9.22% 0.74
42 more quarters

Against its own ten years

Low −7.32% High 26.8%
Ten-year median 8.77%
Current reading's percentile 38

Operating margin against peers

Company Operating margin
SIM Grupo Simec, S.A. de C.V. compare 17.0%
STLD Steel Dynamics, Inc. compare 11.5%
TX Ternium S.A. compare 9.31%
RS Reliance, Inc. compare 8.80%
GGB Gerdau S.A. 7.45%
SID National Steel Company compare 6.41%
PKX POSCO Holdings Inc. compare 2.57%
WS Worthington Steel, Inc. compare 0.12%
CLF Cleveland-Cliffs Inc. compare −1.40%
Steel industry median 6.93%
Basic Materials sector median 2.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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