Gerdau S.A. (GGB)
NYSE: GGB · Real-Time Price · USD
4.660
-0.080 (-1.69%)
Oct 30, 2026, 4:00 PM EDT - Market closed
Gerdau Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Net Income | 2,712 | 1,387 | 4,566 | 7,502 | 11,426 | 15,494 |
Depreciation & Amortization | 3,697 | 3,684 | 3,126 | 3,047 | 2,867 | 2,481 |
Other Amortization | - | - | - | - | - | 177.67 |
Loss (Gain) From Sale of Assets | 87.74 | 75.4 | 45.86 | 27.53 | -25.58 | -77.42 |
Asset Writedown & Restructuring Costs | 1,965 | 1,965 | 199.63 | - | - | - |
Loss (Gain) From Sale of Investments | -191.57 | - | - | - | - | 162.91 |
Loss (Gain) on Equity Investments | -137.39 | -95.62 | -1,273 | -827.61 | -1,152 | -563.16 |
Stock-Based Compensation | 138.19 | 149.21 | 152.41 | 157.98 | 104.71 | 65.29 |
Provision & Write-off of Bad Debts | 10.25 | 10.25 | 30.91 | 10.73 | 0.08 | -0.36 |
Other Operating Activities | 209.25 | -289.07 | 648.56 | -39.56 | 2,197 | 885.47 |
Change in Accounts Receivable | -293.18 | 149.59 | 549.55 | -294.51 | 290.58 | -1,614 |
Change in Inventory | -1,474 | 956.92 | 542.5 | 1,305 | -2,039 | -7,704 |
Change in Accounts Payable | 951.11 | -486.38 | -1,193 | -355.42 | -995.6 | 2,534 |
Change in Other Net Operating Assets | 1,215 | 482.05 | 3,985 | 605.37 | -1,522 | 675.57 |
Operating Cash Flow | 8,888 | 7,987 | 11,381 | 11,139 | 11,150 | 12,517 |
Operating Cash Flow Growth | 16.54% | -29.82% | 2.18% | -0.10% | -10.92% | 95.34% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -4,803 | -6,682 | -5,778 | -5,209 | -4,292 | -3,026 |
Sale of Property, Plant & Equipment | 21.77 | 69.73 | 1,560 | 40.66 | 48.32 | 82.64 |
Cash Acquisitions | -325.85 | -699.12 | -455.68 | - | - | - |
Sale (Purchase) of Intangibles | -171.91 | -171.22 | -168.04 | -127.2 | -189.38 | -166.31 |
Investment in Securities | -0.09 | -91.44 | -191.95 | -477.18 | -26.75 | 113.6 |
Investing Cash Flow | -5,279 | -7,574 | -5,034 | -5,773 | -4,460 | -2,996 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 9,221 | 3,918 | 1,777 | 2,263 | 609.7 |
Long-Term Debt Repaid | - | -8,483 | -3,754 | -3,219 | -3,511 | -5,392 |
Lease Payments | -509.69 | -487.78 | -459.5 | -388.2 | -310.23 | -275.85 |
Net Debt Issued (Repaid) | -5,279 | 738.83 | 163.94 | -1,442 | -1,248 | -4,783 |
Repurchase of Common Stock | -526.33 | -1,169 | -1,195 | - | -1,073 | - |
Common Dividends Paid | -1,550 | -1,286 | -1,656 | -2,683 | -5,892 | -5,339 |
Other Financing Activities | - | - | - | - | -43.43 | 139.56 |
Financing Cash Flow | -7,355 | -1,716 | -2,687 | -4,125 | -8,256 | -9,983 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | 52.71 | -536.27 | 1,102 | -710.66 | -119.16 | 5.26 |
Net Cash Flow | -3,694 | -1,839 | 4,762 | 529.78 | -1,685 | -456.55 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 4,085 | 1,306 | 5,603 | 5,930 | 6,858 | 9,491 |
Free Cash Flow Growth | 644.92% | -76.69% | -5.51% | -13.54% | -27.74% | 99.51% |
Free Cash Flow Margin | 5.82% | 1.87% | 8.36% | 8.60% | 8.32% | 12.11% |
Free Cash Flow Per Share | 2.07 | 0.65 | 2.67 | 2.81 | 3.25 | 4.40 |
Levered Free Cash Flow | 2,864 | 714.71 | 806.36 | 4,528 | 6,358 | 3,455 |
Unlevered Free Cash Flow | 3,603 | 1,511 | 1,304 | 5,053 | 6,961 | 4,118 |
Free Cash Flow After Leases | 3,576 | 818.05 | 5,143 | 5,541 | 6,548 | 9,215 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 1,633 | 1,583 | 1,076 | 986.09 | 1,057 | 1,170 |
Cash Income Tax Paid | 1,584 | 1,121 | 1,400 | 1,560 | 3,356 | 2,893 |
Change in Working Capital | 398.79 | 1,102 | 3,884 | 1,261 | -4,266 | -6,108 |