Gerdau S.A. (BVMF:GGBR3)

Gerdau Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	69,102	67,027	68,916	82,412	78,345	43,815
Revenue Growth (YoY)	6.96%	-2.74%	-16.38%	5.19%	78.81%	10.52%
Cost of Revenue	60,528	57,823	57,584	63,661	57,528	37,884
Gross Profit	8,574	9,203	11,332	18,751	20,817	5,931
Selling, General & Admin	2,246	2,178	2,218	2,196	2,106	1,530
Other Operating Expenses	652.71	692.58	-764.03	-36.27	-1,308	-1,118
Operating Expenses	2,912	2,901	1,464	2,160	797.48	476.82
Operating Income	5,662	6,302	9,868	16,592	20,020	5,454
Interest Expense	-1,005	-796.93	-840.07	-964.61	-1,060	-1,022
Interest & Investment Income	661.04	726.15	903.02	606.36	249.02	194.09
Earnings From Equity Investments	312.98	1,273	827.61	1,152	563.16	152.57
Currency Exchange Gain (Loss)	-331.66	-1,064	-850.38	-974.71	-108.37	-204.29
Other Non Operating Income (Expenses)	-866.96	-776.39	-561.57	-551.37	-355.32	-426.78
EBT Excluding Unusual Items	4,433	5,663	9,347	15,859	19,309	4,147
Asset Writedown	-	-199.63	-	-	0.36	-411.93
Other Unusual Items	-39.65	-	-	-	963.68	-239.27
Pretax Income	4,393	5,464	9,347	15,859	20,273	3,496
Income Tax Expense	1,091	864.65	1,810	4,379	4,714	1,108
Earnings From Continuing Operations	3,302	4,599	7,537	11,480	15,559	2,388
Minority Interest in Earnings	-32.31	-32.75	-35.42	-54.04	-64.83	-22.29
Net Income	3,269	4,566	7,502	11,426	15,494	2,366
Net Income to Common	3,269	4,566	7,502	11,426	15,494	2,366
Net Income Growth	-35.43%	-39.13%	-34.34%	-26.26%	554.93%	96.54%
Shares Outstanding (Basic)	2,050	2,090	2,099	2,099	2,148	2,143
Shares Outstanding (Diluted)	2,058	2,099	2,110	2,111	2,159	2,156
Shares Change (YoY)	-2.50%	-0.49%	-0.04%	-2.24%	0.12%	0.11%
EPS (Basic)	1.60	2.18	3.57	5.44	7.21	1.10
EPS (Diluted)	1.59	2.18	3.56	5.41	7.18	1.10
EPS Growth	-33.77%	-38.83%	-34.32%	-24.57%	553.97%	96.37%
Free Cash Flow	3,507	5,603	5,930	6,858	9,491	4,757
Free Cash Flow Per Share	1.70	2.67	2.81	3.25	4.40	2.21
Dividend Per Share	0.640	0.800	1.258	2.881	2.492	0.333
Dividend Growth	-26.86%	-36.42%	-56.32%	15.60%	647.71%	99.94%
Gross Margin	12.41%	13.73%	16.44%	22.75%	26.57%	13.54%
Operating Margin	8.19%	9.40%	14.32%	20.13%	25.55%	12.45%
Profit Margin	4.73%	6.81%	10.88%	13.86%	19.78%	5.40%
Free Cash Flow Margin	5.08%	8.36%	8.60%	8.32%	12.11%	10.86%
EBITDA	8,630	8,957	12,484	19,131	22,210	7,504
EBITDA Margin	12.49%	13.36%	18.12%	23.21%	28.35%	17.13%
D&A For EBITDA	2,968	2,655	2,616	2,540	2,190	2,050
EBIT	5,662	6,302	9,868	16,592	20,020	5,454
EBIT Margin	8.19%	9.40%	14.32%	20.13%	25.55%	12.45%
Effective Tax Rate	24.85%	15.82%	19.36%	27.62%	23.25%	31.69%

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.