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

Suzano S.A. Sponsored ADR

SUZ Basic Materials Paper & Paper Products

Suzano S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 2.13% from fiscal 2024. In the quarter to June 2026, revenue fell 2.26%, EPS fell 59.2%, free cash flow grew 85.2% and total debt rose 13.4%, each against the same quarter a year earlier.

8.50 0.15 +1.80%

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Market cap: $10.3B
P/E: 4.3×
Fwd P/E: —
Dividend yield: 2.50%
F-score: 6/9
Altman Z: 1.20
Beneish M: −2.68
Dividend safety: 56/100

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

Insider Decisions trades per month

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

Insider Ownership 2.03%

Capital & Financial Ratios $m

Market Cap 10,300.00

Revenue 9,033.50

Net Income 1,612.67

Free Cash Flow 968.67

Net Debt 12,532.40

Current Ratio 3.38

Debt/Equity 1.86

P/E ratio 4.32

Fwd P/E —

P/S ratio 1.16

P/B ratio 1.06

Past 5Y EPS Growth —

This Y EPS Growth (29.89%)

Next Y EPS Growth (26.53%)

Next Y revenue growth —

Next 5Y EPS Growth (23.31%)

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 26.71%

10-year low 10-year high

P/S against its own 10 years 8.63%

10-year low 10-year high

P/B against its own 10 years 5.14%

10-year low 10-year high

EV/Sales against its own 10 years 16.70%

10-year low 10-year high

EV/FCF against its own 10 years 55.62%

10-year low 10-year high

Dividends

Payout Ratio 0.11

Annual Dividend Rate 0.21

Annual Dividend Yield 2.50%

	total	individual payouts
2025	0.21	0.21
2024	0.33	0.33
2023	0.24	0.24
2022	0.48	0.14 0.12 0.34
2019	0.11	0.11
2018	0.05	0.05
2017	0.16	0.11 0.05
2016	0.08	0.08

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4,776	4,264	4,777	5,814
Receivables	1,550	1,899	1,452	1,570
Inventory	1,191	1,476	1,461	1,714
Other	208	182	167	176
	7,725	7,821	7,857	9,274

	2023	2024	2025	Q'26
Payables	1,116	1,119	921	1,105
ST’ Debt	953	1,947	538	856
Other	237	607	320	389
	2,963	4,538	2,467	2,745

Compound Annual Growth %

	10y	5y	3y
Sales	—	8.72%	(2.39%)
Cash Flow	—	5.01%	(8.12%)
Earnings	—	0.00%	(19.06%)
Book Value	—	40.78%	7.01%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,083	2,294	—	—	—
’25	1,972	2,347	2,231	2,426	8,976
’24	1,910	2,202	2,213	2,464	8,789
’23	2,171	1,850	1,833	2,110	7,963
’22	1,865	2,341	2,709	2,738	9,652
’21	1,627	1,859	2,060	2,046	7,591
’20	1,577	1,491	1,390	1,451	5,909

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	551	888	—	—	—
’25	754	792	803	902	3,251
’24	617	1,131	849	1,223	3,820
’23	827	1,247	538	856	3,468
’22	879	1,166	941	1,205	4,192
’21	558	955	972	784	3,268
’20	335	724	600	887	2,546

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	398	—	—	—
’25	236	215	126	444	1,021
’24	(235)	352	(173)	360	305
’23	92	(74)	(403)	50	(335)
’22	367	560	(358)	393	961
’21	594	722	647	409	2,373
’20	143	562	378	549	1,632

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.32	0.29	—	—	—
’25	0.87	0.71	0.29	0.06	1.94
’24	0.03	(0.56)	0.46	(0.91)	(1.04)
’23	0.76	0.79	(0.12)	0.70	2.17
’22	1.46	0.03	0.79	1.08	3.40
’21	(0.37)	1.40	(0.14)	0.31	1.19
’20	(2.25)	(0.28)	(0.16)	1.15	(1.54)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.96	3.87	5.78	6.63	4.43	8.37	7.71	7.46	8.78	8.41	Analyst estimates 2026–2028 Powerpack
	High	4.65	6.67	13.69	13.47	11.58	14.45	12.83	11.60	12.98	10.86
People
People	Employees	—	7,830	9,385	14,534	15,653	17,421	19,319	20,907	23,980	23,094
	Revenue/emp, $m	0.00	0.41	0.39	0.45	0.38	0.44	0.50	0.38	0.37	0.39
Income, $m
Income, $m	Revenue	3,041	3,179	3,678	6,592	5,909	7,591	9,652	7,963	8,789	8,976
	Gross margin, %	33.20	38.29	48.51	20.26	37.73	49.68	50.19	36.92	42.19	32.38
	EBT	746	675	45	(1,038)	(3,423)	1,637	5,551	3,605	(2,431)	3,656
	EBT margin, %	24.54	21.22	1.23	(15.75)	(57.92)	21.56	57.51	45.27	(27.66)	40.73
	Net income	521	0	88	(713)	(2,079)	1,600	4,532	2,826	(1,306)	2,407
	Depreciation	432	424	428	2,059	1,293	1,332	1,454	1,480	1,660	2,042
Per share, $
Per share, $	Revenue	2.79	2.89	3.33	4.84	4.38	5.62	7.26	6.14	6.95	7.26
	Earnings	0.48	0.50	0.08	(0.51)	(1.54)	1.19	3.40	2.18	(1.04)	1.94
	Cash flow	0.85	0.81	1.28	1.41	1.89	2.42	3.15	2.67	3.02	2.63
	Capex	0.00	0.00	(0.58)	(0.87)	(0.68)	(0.66)	(2.43)	(2.93)	(2.78)	(1.80)
	Free cash flow	0.85	0.81	0.70	0.54	1.21	1.76	0.72	(0.26)	0.24	0.83
	Book value	2.86	3.20	2.98	3.37	1.06	2.08	4.83	6.92	4.75	6.37
	Shares, m	1,090	1,098	1,106	1,361	1,349	1,350	1,330	1,297	1,265	1,237
Valuation, ×
Valuation, ×	P/E	9.01	6.71	0.00	0.00	0.00	9.00	2.72	5.23	0.00	4.83
	P/S	0.00	0.00	0.00	2.03	2.55	1.92	1.26	1.82	1.46	1.29
	P/B	4.81	4.81	4.00	2.92	10.60	5.18	1.89	1.61	2.13	1.47
	EV/Sales	0.00	0.00	0.00	4.11	4.63	3.34	2.35	3.16	3.05	2.81
	EV/FCF	0.00	0.00	0.00	36.77	16.78	10.68	23.61	(75.03)	87.92	24.69
Cash, $m
Cash, $m	Operating cash flow	924	891	1,415	1,920	2,546	3,268	4,192	3,468	3,820	3,251
	Capex	(715)	(538)	(637)	(1,183)	(915)	(895)	(3,231)	(3,803)	(3,515)	(2,230)
	Free cash flow	924	891	778	737	1,632	2,373	961	(335)	305	1,021
Balance, $m
Balance, $m	Working capital	1,292	933	6,769	1,876	1,898	4,179	4,383	4,762	3,283	5,390
	Total debt	4,312	3,683	9,777	16,138	14,143	14,755	14,445	15,458	18,806	18,436
	Net debt	3,062	2,842	2,708	13,690	12,294	10,758	10,552	10,681	14,543	13,660
	Shareholders’ equity	3,121	3,511	3,290	4,583	1,423	2,812	6,424	8,976	6,010	7,872
Returns, %
Returns, %	ROA	5.89	12.07	0.73	(3.61)	(9.34)	7.65	18.93	10.34	(4.41)	7.89
	ROIC	0.00	0.00	14.28	2.28	7.46	15.52	15.85	7.78	8.85	5.54
	ROE	15.70	16.46	2.57	(18.14)	(69.27)	75.48	98.07	36.64	(17.50)	34.60

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
SUZ Suzano S.A. Sponsored ADR	$10.3B	4.3×	—	−2.26% (below 0%: shrinking)	−59.15% (below 0%: shrinking)	+85.24% (above 0%: growing)	24.41%	24.06%
SLVM Sylvamo Corporation	$1.3B	17.2×	14.0×	+1.51% (above 0%: growing)	n/m	−1,050.00% (below 0%: shrinking)	16.38%	2.48%	Compare
CLW Clearwater Paper Corporation	$311.3M	— (loss-making)	12.7×	−4.34% (below 0%: shrinking)	n/m	+216.24% (above 0%: growing)	(2.77%)	(6.40%)	Compare
MERC Mercer International Inc.	$13.4M	— (loss-making)	— (loss-making)	+1.49% (above 0%: growing)	n/m	+5.46% (above 0%: growing)	(5.96%)	(12.81%)	Compare
ITP IT Tech Packaging Inc	$2.5M	— (loss-making)	21.1×	+2.07% (above 0%: growing)	n/m	+22.05% (above 0%: growing)	7.90%	(3.91%)	Compare
Median of peers	$162.4M	—	14.0×	+1.50%	—	+13.76%	2.57%	(5.15%)

All 5 Paper & Paper Products stocks →

Suzano S.A. Sponsored ADR (SUZ) key facts

Strength: Suzano S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 2.13% from fiscal 2024.
Suzano S.A. Sponsored ADR (SUZ) is a Paper & Paper Products company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, SUZ traded at $8.50, a market capitalization of $10.3 billion.
Suzano S.A. Sponsored ADR pays an annual dividend of $0.21 per share, a yield of 2.50%, with a payout ratio of 10.8%.
Return on equity was 34.6% and debt-to-equity 1.86.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.20 (distress zone) for fiscal 2025.