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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 1.80% from fiscal 2024. In the quarter to June 2026, revenue grew 46.4%, EPS grew 14.5%, free cash flow fell 154.9% and total debt rose 118.3%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

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Market cap: $22.0B
P/E: 15.9×
Fwd P/E: 15.6×
Dividend yield: 0.00%
F-score: 3/9
Altman Z: n/a
Beneish M: −2.07
Dividend safety: 41/100

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

Insider Decisions trades per month

Total sells 0.11

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	2	1	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 21,950.00

Revenue 7,225.42

Net Income 2,493.26

Free Cash Flow (659.89)

Net Debt 6,766.01

Current Ratio 1.47

Debt/Equity 1.14

P/E ratio 15.90

Fwd P/E 15.60

P/S ratio 3.02

P/B ratio 2.43

Past 5Y EPS Growth 10.25%

This Y EPS Growth (9.30%)

Next Y EPS Growth 35.81%

Next Y revenue growth 314.50%

Next 5Y EPS Growth 13.55%

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 84.37%

10-year low 10-year high

P/S against its own 10 years 98.19%

10-year low 10-year high

P/B against its own 10 years 96.87%

10-year low 10-year high

EV/Sales against its own 10 years 98.16%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.00	0.03
2025	2.92	0.13 0.11
2024	0.00	0.05
2023	0.05	0.05
2022	0.03	0.03
2021	0.02	0.02
2020	0.05	0.05
2019	0.00	0.29
2018	0.00	0.26
2017	0.07	0.07
2016	0.01	0.01

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	665	1,017	2,217	3,457
Receivables	869	930	1,072	1,179
Inventory	17	2	4	15
Other	7	18	25	68
	1,559	1,967	3,323	4,729

	2023	2024	2025	Q'26
Payables	91	142	430	527
ST’ Debt	524	581	912	1,047
Other	637	726	1,002	1,320
	1,684	2,220	2,965	3,215

Compound Annual Growth %

	10y	5y	3y
Sales	6.67%	14.59%	16.89%
Cash Flow	6.38%	9.17%	24.90%
Earnings	24.92%	51.67%	35.84%
Book Value	6.13%	11.42%	12.78%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,892	2,020	—	—	—
’25	—	1,582	1,730	—	6,822
’24	1,325	1,293	2,704	1,380	6,701
’23	1,097	1,243	1,322	1,460	5,122
’22	932	1,070	1,142	1,128	4,272
’21	856	868	986	902	3,612
’20	913	827	826	887	3,453

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	145	672	—	—	—
’25	—	561	807	—	1,497
’24	282	325	247	518	1,373
’23	76	230	308	359	972
’22	118	240	132	278	769
’21	191	181	249	104	725
’20	268	268	187	242	966

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(816)	(56)	—	—	—
’25	—	(203)	(962)	—	(963)
’24	164	111	(499)	102	(116)
’23	(40)	33	150	0	143
’22	(8)	58	(46)	62	67
’21	71	22	50	(111)	31
’20	177	118	(14)	33	317

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.09	0.08	—	—	—
’25	—	0.11	0.11	—	0.09
’24	0.05	0.07	0.31	0.07	0.51
’23	0.04	0.04	0.05	0.07	0.20
’22	0.05	0.03	0.06	0.04	0.17
’21	0.03	0.04	0.03	0.03	0.12
’20	(0.04)	0.02	0.02	0.04	0.05

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.80	1.63	1.12	1.65	1.11	1.15	1.22	1.69	2.62	2.81	Analyst estimates 2026–2028 Powerpack
	High	2.11	2.27	2.39	3.05	3.08	1.71	2.41	3.11	3.67	5.45
People
People	Employees	14,137	14,582	14,449	13,945	12,806	12,515	12,299	11,170	10,552	8,678
	Revenue/emp, $m	0.29	0.31	0.30	0.33	0.27	0.29	0.35	0.46	0.64	0.79
Income, $m
Income, $m	Revenue	4,042	4,575	4,401	4,557	3,453	3,612	4,272	5,122	6,701	6,822
	Gross margin, %	36.07	39.90	43.51	43.63	37.18	34.33	34.93	37.23	54.07	37.02
	EBT	1,184	1,097	1,070	1,185	257	587	828	952	2,529	2,096
	EBT margin, %	29.29	23.98	24.32	26.01	7.45	16.26	19.37	18.59	37.74	30.72
	Net income	1,184	1,097	1,070	1,185	257	587	828	952	2,529	2,096
	Depreciation	329	408	381	451	395	418	475	559	496	396
Per share, $
Per share, $	Revenue	1.15	1.30	1.25	1.30	0.98	1.03	1.21	1.46	1.90	0.40
	Earnings	0.24	0.23	0.21	0.23	0.05	0.12	0.17	0.20	0.51	0.09
	Cash flow	0.24	0.29	0.30	0.30	0.27	0.21	0.22	0.28	0.39	0.09
	Capex	(0.17)	(0.18)	(0.17)	(0.24)	(0.18)	(0.20)	(0.20)	(0.24)	(0.42)	(0.14)
	Free cash flow	0.07	0.12	0.13	0.07	0.09	0.01	0.02	0.04	(0.03)	(0.06)
	Book value	1.26	1.56	1.52	1.56	1.26	1.31	1.50	1.70	1.95	0.44
	Shares, m	3,519	3,519	3,519	3,519	3,519	3,522	3,519	3,519	3,519	17,090
Valuation, ×
Valuation, ×	P/E	7.25	9.41	7.33	12.39	38.48	12.20	11.35	14.94	5.80	7.92
	P/S	1.53	1.63	1.29	2.32	1.75	1.43	1.60	2.05	1.51	2.27
	P/B	1.40	1.36	1.06	1.93	1.37	1.12	1.29	1.76	1.48	2.14
	EV/Sales	2.25	2.30	1.91	2.93	2.51	2.18	2.30	2.69	2.05	2.84
	EV/FCF	36.48	25.37	18.56	57.11	27.95	254.72	147.40	100.63	(102.34)	(11.84)
Cash, $m
Cash, $m	Operating cash flow	861	1,034	1,051	1,064	966	725	769	972	1,373	1,497
	Capex	(612)	(619)	(597)	(829)	(648)	(694)	(702)	(829)	(1,489)	(2,461)
	Free cash flow	249	415	454	234	317	31	67	143	(116)	(963)
Balance, $m
Balance, $m	Working capital	(137)	(62)	56	(395)	105	261	122	(125)	(253)	359
	Total debt	3,430	3,790	3,599	3,356	3,348	3,284	3,672	3,913	4,683	7,189
	Net debt	2,882	3,069	2,761	2,779	2,603	2,695	2,978	3,248	3,666	4,972
	Shareholders’ equity	4,421	5,485	5,349	5,483	4,422	4,620	5,295	5,980	6,846	7,594
Returns, %
Returns, %	ROA	8.11	6.89	6.38	7.20	1.75	4.35	5.78	6.03	13.00	9.00
	ROIC	8.41	9.07	10.91	10.95	7.75	6.49	6.80	8.61	17.10	11.22
	ROE	19.63	15.93	14.32	15.76	3.81	9.45	12.20	12.52	27.69	20.99

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
AWK American Water Works Company, Inc.	$26.4B	23.4×	20.5×	+6.19% (above 0%: growing)	+8.78% (above 0%: growing)	+40.28% (above 0%: growing)	100.00%	40.00%	Compare
SBS Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp	$22.0B	15.9×	15.6×	+46.43% (above 0%: growing)	+14.45% (above 0%: growing)	−154.90% (below 0%: shrinking)	37.66%	31.04%
WTRG Essential Utilities Inc.	$11.4B	20.8×	16.9×	+3.10% (above 0%: growing)	−2.63% (below 0%: shrinking)	−1.23% (below 0%: shrinking)	91.30%	36.41%	Compare
AWR American States Water Company	$3.3B	22.8×	21.1×	+11.18% (above 0%: growing)	+26.44% (above 0%: growing)	−126.32% (below 0%: shrinking)	79.44%	35.29%	Compare
CWT California Water Service Group	$2.9B	20.8×	18.7×	+16.47% (above 0%: growing)	+32.39% (above 0%: growing)	−18.32% (below 0%: shrinking)	70.24%	22.97%	Compare
HTO H2O America	$2.4B	20.2×	20.4×	+6.16% (above 0%: growing)	−9.86% (below 0%: shrinking)	+14.08% (above 0%: growing)	59.39%	20.31%	Compare
MSEX Middlesex Water Company	$1.0B	21.1×	21.2×	+14.26% (above 0%: growing)	+31.67% (above 0%: growing)	−22.41% (below 0%: shrinking)	100.00%	32.35%	Compare
YORW The York Water Company	$501.5M	19.3×	18.9×	+22.48% (above 0%: growing)	+40.00% (above 0%: growing)	+111.16% (above 0%: growing)	100.00%	41.71%	Compare
CWCO Consolidated Water Co. Ltd.	$460.5M	27.4×	31.8×	−2.15% (below 0%: shrinking)	−21.88% (below 0%: shrinking)	+39.37% (above 0%: growing)	33.35%	11.39%	Compare
Median of peers	$2.6B	20.9×	20.5×	+8.69%	+17.61%	+6.43%	85.37%	33.82%

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