Gerdau Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	69,199	69,859	67,027	68,916	82,412	78,345
Revenue Growth (YoY)	1.48%	4.23%	-2.74%	-16.38%	5.19%	78.81%
Cost of Revenue	60,884	61,891	57,823	57,584	63,661	57,528
Gross Profit	8,315	7,967	9,203	11,333	18,751	20,817
Selling, General & Admin	2,100	2,121	2,167	2,208	2,188	2,106
Other Operating Expenses	2,028	2,108	-450.58	-1,328	-1,188	-2,312
Total Operating Expenses	4,128	4,228	1,716	879.73	999.6	-205.66
Operating Income	4,187	3,739	7,487	10,453	17,752	21,023
Interest Income	665.41	693.61	726.15	903.02	606.36	249.02
Interest Expense	-2,080	-2,073	-1,508	-1,397	-1,563	-1,698
Other Non-Operating Income (Expense)	186.88	165.14	-1,241	-612.35	-935.63	698.3
Total Non-Operating Income (Expense)	-1,227	-1,215	-2,023	-1,106	-1,892	-750.45
Pretax Income	2,960	2,524	5,464	9,347	15,859	20,273
Provision for Income Taxes	1,286	1,106	864.65	1,810	4,379	4,714
Net Income	1,644	1,387	4,566	7,502	11,426	15,494
Minority Interest in Earnings	30	31.42	32.75	35.42	54.04	64.83
Net Income to Common	1,644	1,387	4,566	7,502	11,426	15,494
Net Income Growth	-49.86%	-69.63%	-39.13%	-34.34%	-26.26%	554.93%
Shares Outstanding (Basic)	718	718	721	721	721	686
Shares Outstanding (Diluted)	718	718	721	721	721	686
Shares Change (YoY)	-0.31%	-0.33%	-	-0.01%	5.00%	-
EPS (Basic)	0.82	0.69	2.18	3.57	5.36	7.58
EPS (Diluted)	0.81	0.69	2.18	3.56	5.34	7.53
EPS Growth	-48.41%	-68.35%	-38.76%	-33.33%	-29.12%	555.07%
Shares Outstanding	1,967	1,975	2,041	1,750	1,996	720.63
Free Cash Flow	2,585	1,306	5,603	5,930	6,858	9,491
Free Cash Flow Growth	97.96%	-76.69%	-5.51%	-13.54%	-27.74%	99.51%
Free Cash Flow Per Share	3.60	1.82	7.78	8.23	9.52	13.83
Dividends Per Share	0.680	0.620	0.800	1.258	2.881	2.492
Dividend Growth	9.68%	-22.50%	-36.42%	-56.32%	15.60%	647.71%
Gross Margin	12.02%	11.41%	13.73%	16.44%	22.75%	26.57%
Operating Margin	6.05%	5.35%	11.17%	15.17%	21.54%	26.83%
Profit Margin	2.42%	2.03%	6.86%	10.94%	13.93%	19.86%
FCF Margin	3.74%	1.87%	8.36%	8.60%	8.32%	12.11%
EBITDA	7,899	7,423	10,613	13,500	20,618	23,682
EBITDA Margin	11.42%	10.63%	15.83%	19.59%	25.02%	30.23%
EBIT	4,187	3,739	7,487	10,453	17,752	21,023
EBIT Margin	6.05%	5.35%	11.17%	15.17%	21.54%	26.83%
Effective Tax Rate	43.44%	43.81%	15.83%	19.36%	27.62%	23.25%

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q