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

Gerdau S.A.

Gerdau S.A.’s revenue for fiscal 2025 (year ended December 2025) was $12.5 billion, up 0.68% from fiscal 2024. In the quarter to June 2026, revenue grew 14.3%, EPS grew 87.5%, free cash flow grew 172.0% and total debt fell 4.72%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

5.02 0.03 −0.59%

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Market cap: $6.3B
P/E: 21.8×
Fwd P/E: —
Dividend yield: 2.99%
F-score: 5/9
Altman Z: 2.56
Beneish M: −2.86
Dividend safety: 16/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.78

Total sells 5.86

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	1	10	7	3	—	2	2	—

Insider Ownership 36.94%

Capital & Financial Ratios $m

Market Cap 6,260.00

Revenue 13,163.30

Net Income 458.38

Free Cash Flow 650.56

Net Debt 1,714.65

Current Ratio 2.87

Debt/Equity 0.26

P/E ratio 21.83

Fwd P/E —

P/S ratio 0.75

P/B ratio 0.93

Past 5Y EPS Growth (10.95%)

This Y EPS Growth 302.58%

Next Y EPS Growth 8.41%

Next Y revenue growth —

Next 5Y EPS Growth 60.58%

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 81.65%

10-year low 10-year high

P/S against its own 10 years 88.28%

10-year low 10-year high

P/B against its own 10 years 60.63%

10-year low 10-year high

EV/Sales against its own 10 years 76.52%

10-year low 10-year high

EV/FCF against its own 10 years 78.88%

10-year low 10-year high

Dividends

Payout Ratio 0.65

Annual Dividend Rate 0.15

Annual Dividend Yield 2.99%

	total	individual payouts
2026	0.10	0.02 0.03 0.04
2025	0.11	0.02 0.02 0.02 0.05
2024	0.14	0.02 0.05 0.02 0.05
2023	0.19	0.03 0.08 0.07 0.08
2022	0.24	0.03 0.09 0.11 0.06
2021	0.21	0.02 0.06 0.08 0.05 0.03
2020	0.05	0.00 0.02 0.02
2019	0.06	0.02 0.01 0.01 0.01
2018	0.06	0.01 0.02 0.03 0.03
2017	0.01	0.01 0.01
2016	0.01	0.01 0.00

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,070	1,535	1,142	1,077
Receivables	1,377	1,343	1,215	1,439
Inventory	3,050	3,060	2,638	3,186
Other	351	119	128	124
	5,848	6,057	5,123	5,826

	2023	2024	2025	Q'26
Payables	1,182	1,060	897	1,223
ST’ Debt	3	7	8	8
Other	271	425	348	323
	2,260	2,012	1,771	2,030

Compound Annual Growth %

	10y	5y	3y
Sales	(0.61%)	8.04%	(7.80%)
Cash Flow	(4.15%)	2.85%	(12.83%)
Earnings	0.00%	(11.55%)	(51.76%)
Book Value	(0.13%)	9.83%	2.42%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,174	3,537	—	—	—
’25	2,966	3,093	3,302	3,151	12,512
’24	3,273	3,184	3,133	2,837	12,427
’23	3,633	3,690	3,495	2,987	13,804
’22	3,891	4,667	4,035	3,370	15,963
’21	2,991	3,612	4,080	3,835	14,517
’20	2,085	1,631	2,275	2,510	8,500

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	287	316	—	—	—
’25	154	184	551	542	1,431
’24	168	362	1,019	560	2,110
’23	378	668	495	690	2,231
’22	444	811	543	361	2,160
’21	287	113	499	1,421	2,319
’20	262	(15)	462	534	1,243

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	59	89	—	—	—
’25	(163)	(124)	208	295	216
’24	247	124	726	200	1,297
’23	190	405	178	397	1,170
’22	326	606	351	18	1,301
’21	201	(3)	337	1,208	1,743
’20	148	(47)	398	406	905

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.10	0.15	—	—	—
’25	0.06	0.08	0.10	(0.12)	0.12
’24	0.20	0.08	0.12	0.03	0.40
’23	0.29	0.20	0.15	0.06	0.71
’22	0.26	0.40	0.27	0.12	1.05
’21	0.21	0.34	0.49	0.29	1.33
’20	0.02	0.02	0.07	0.09	0.21

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.63	2.06	2.67	2.17	1.31	3.30	3.13	3.50	2.86	2.27	Analyst estimates 2026–2028 Powerpack
	High	3.42	3.48	4.22	3.94	4.24	5.77	5.25	5.29	4.08	3.80
People
People	Employees	30,014	28,612	24,542	24,787	24,613	27,739	28,197	27,371	25,557	25,817
	Revenue/emp, $m	0.36	0.40	0.51	0.41	0.35	0.52	0.57	0.50	0.49	0.48
Income, $m
Income, $m	Revenue	10,795	11,563	12,629	10,046	8,500	14,517	15,963	13,804	12,427	12,512
	Gross margin, %	9.20	9.76	13.32	10.60	13.54	26.57	22.75	16.44	13.73	11.41
	EBT	(740)	(14)	590	424	678	3,757	3,072	1,872	1,013	452
	EBT margin, %	(6.86)	(0.12)	4.67	4.22	7.98	25.88	19.24	13.56	8.15	3.61
	Net income	(827)	(106)	636	308	463	2,883	2,224	1,510	853	254
	Depreciation	727	655	518	526	485	493	555	610	580	660
Per share, $
Per share, $	Revenue	5.03	5.37	5.89	4.70	3.97	6.76	7.60	6.58	5.95	6.24
	Earnings	(0.35)	(0.06)	0.29	0.13	0.21	1.33	1.05	0.72	0.40	0.12
	Cash flow	0.47	0.30	0.26	0.19	0.58	1.08	1.03	1.06	1.01	0.71
	Capex	(0.14)	(0.05)	0.35	(0.22)	(0.16)	(0.27)	(0.41)	(0.51)	(0.39)	(0.61)
	Free cash flow	0.33	0.25	0.61	(0.02)	0.42	0.81	0.62	0.56	0.62	0.11
	Book value	3.24	3.48	3.31	3.22	2.81	3.69	4.27	4.70	5.16	4.81
	Shares, m	2,148	2,153	2,144	2,139	2,143	2,148	2,099	2,099	2,090	2,004
Valuation, ×
Valuation, ×	P/E	0.00	0.00	10.15	27.24	18.20	2.91	4.09	5.65	6.94	30.75
	P/S	0.53	0.58	0.51	0.83	0.94	0.58	0.57	0.61	0.48	0.59
	P/B	0.82	0.90	0.90	1.21	1.32	1.06	1.01	0.85	0.56	0.77
	EV/Sales	0.80	0.89	0.76	1.05	1.14	0.67	0.63	0.68	0.57	0.70
	EV/FCF	12.32	19.05	7.34	36.35	10.73	5.62	7.78	7.97	5.43	40.85
Cash, $m
Cash, $m	Operating cash flow	1,008	650	547	416	1,243	2,319	2,160	2,231	2,110	1,431
	Capex	(307)	(112)	755	(462)	(338)	(576)	(859)	(1,061)	(813)	(1,215)
	Free cash flow	702	538	1,302	(46)	905	1,743	1,301	1,170	1,297	216
Balance, $m
Balance, $m	Working capital	2,631	3,216	2,462	2,740	2,314	3,447	3,447	3,588	4,045	3,352
	Total debt	5,995	5,148	4,078	3,828	3,243	2,677	2,105	2,006	2,557	2,559
	Net debt	4,249	4,091	3,162	2,233	1,757	1,420	1,053	936	1,022	1,417
	Shareholders’ equity	6,960	7,484	7,097	6,886	6,031	7,934	8,968	9,863	10,785	9,635
Returns, %
Returns, %	ROA	(4.47)	(0.72)	4.23	2.20	3.54	22.15	15.82	10.26	5.45	1.62
	ROIC	(2.60)	1.92	6.75	5.53	8.09	26.03	21.45	12.12	7.35	3.79
	ROE	(9.84)	(1.56)	8.65	4.36	7.11	41.12	26.19	15.96	8.20	2.43

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 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
RS Reliance, Inc.	$20.8B	23.8×	20.2×	+26.51% (above 0%: growing)	+42.57% (above 0%: growing)	−45.43% (below 0%: shrinking)	28.09%	9.54%	Compare
PKX POSCO Holdings Inc.	$16.7B	20.8×	—	+9.70% (above 0%: growing)	+271.43% (above 0%: growing)	−156.79% (below 0%: shrinking)	8.62%	4.25%	Compare
TX Ternium S.A.	$11.2B	16.0×	9.2×	+9.97% (above 0%: growing)	+59.09% (above 0%: growing)	−174.72% (below 0%: shrinking)	21.68%	12.17%	Compare
CLF Cleveland-Cliffs Inc.	$6.9B	— (loss-making)	— (loss-making)	+5.92% (above 0%: growing)	n/m	+208.96% (above 0%: growing)	2.53%	(0.94%)	Compare
GGB Gerdau S.A.	$6.3B	21.8×	—	+14.33% (above 0%: growing)	+87.50% (above 0%: growing)	+171.99% (above 0%: growing)	15.83%	13.05%
SIM Grupo Simec, S.A. de C.V.	$4.6B	23.3×	28.5×	+29.60% (above 0%: growing)	n/m	+51.13% (above 0%: growing)	24.99%	15.91%	Compare
WS Worthington Steel, Inc.	$2.0B	— (loss-making)	14.3×	+212.36% (above 0%: growing)	n/m	−42.57% (below 0%: shrinking)	9.58%	2.05%	Compare
SID National Steel Company	$1.5B	— (loss-making)	199×	+18.55% (above 0%: growing)	n/m	+8.38% (above 0%: growing)	25.92%	5.54%	Compare
MTL Mechel PAO	$1.2B	0.8×	10.3×	+70.05% (above 0%: growing)	n/m	+467.53% (above 0%: growing)	44.33%	0.00%	Compare
Median of peers	$5.8B	20.8×	17.3×	+22.53%	+59.09%	−17.10%	23.34%	4.90%

All 21 Steel stocks →

Gerdau S.A. (GGB) key facts

Strength: Gerdau S.A.’s revenue for fiscal 2025 (year ended December 2025) was $12.5 billion, up 0.68% from fiscal 2024.
Gerdau S.A. (GGB) is a Steel company in the Basic Materials sector, traded in the US as an ADR.
As of October 16, 2026, GGB traded at $5.02, a market capitalization of $6.3 billion.
Gerdau S.A. pays an annual dividend of $0.15 per share, a yield of 2.99%, with a payout ratio of 65.4%.
Return on equity was 2.43% and debt-to-equity 0.26.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.56 (grey zone) for fiscal 2025.