GGB vs SID
Gerdau S.a. and National Steel Co., side by side — 10 fiscal years reported in BRL, drawn from SEC filings.
Most recent reported year
| Metric | GGB | SID |
|---|---|---|
| Revenue | BRL 69.9B | BRL 43.7B |
| Net income | BRL 1.4B | BRL -2.6B |
| Gross margin | 11.4% | 26.8% |
| Net margin | 2.0% | −3.5% |
| Return on equity | 2.5% | −17.4% |
| Diluted EPS | · | −BRL 1.95 |
| Dividend / share | · | BRL 1.72 |
| Payout ratio | 92.7% | −97.8% |
| Free cash flow | BRL 1.3B | BRL 3.2B |
| Equity | BRL 53.6B | BRL 12.3B |
| Net debt / equity | · | 2.79× |
| Current ratio | 2.89× | · |
| Revenue CAGR 5y | 9.8% | 11.4% |
| Profit CAGR 5y | −10.1% | · |
GGB bills 1.6× the revenue of SID, and SID closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GGB | SID |
|---|---|---|
| FY2024 | BRL 67.0B | BRL 43.7B |
| FY2023 | BRL 68.9B | BRL 45.4B |
| FY2022 | BRL 82.4B | BRL 44.4B |
| FY2021 | BRL 78.3B | BRL 47.9B |
| FY2020 | BRL 43.8B | BRL 30.1B |
| FY2019 | BRL 39.6B | BRL 25.4B |
| FY2018 | BRL 46.2B | BRL 23.0B |
| FY2017 | BRL 36.9B | BRL 18.5B |
| FY2016 | BRL 37.7B | BRL 17.1B |
| FY2015 | BRL 43.6B | BRL 15.3B |
Bottom line
| Fiscal year | GGB | SID |
|---|---|---|
| FY2024 | BRL 4.6B | BRL -2.6B |
| FY2023 | BRL 7.5B | BRL -318.2M |
| FY2022 | BRL 11.4B | BRL 1.6B |
| FY2021 | BRL 15.5B | BRL 12.3B |
| FY2020 | BRL 2.4B | BRL 3.8B |
| FY2019 | BRL 1.2B | BRL 1.8B |
| FY2018 | BRL 2.3B | BRL 5.1B |
| FY2017 | BRL -359.4M | BRL 10.3M |
| FY2016 | BRL -2.9B | BRL -934.7M |
| FY2015 | BRL -4.6B | BRL -1.2B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +BRL 23,339,196,000 | GGB |
| FY2023 | +BRL 23,478,497,000 | GGB |
| FY2022 | +BRL 38,050,090,000 | GGB |
| FY2021 | +BRL 30,433,042,000 | GGB |
| FY2020 | +BRL 13,750,641,000 | GGB |
| FY2019 | +BRL 14,207,593,000 | GGB |
| FY2018 | +BRL 23,190,593,000 | GGB |
| FY2017 | +BRL 18,393,018,000 | GGB |
| FY2016 | +BRL 20,502,718,000 | GGB |
| FY2015 | +BRL 28,319,544,000 | GGB |
GGB has reported the higher revenue in every one of these 10 fiscal years. The gap has narrowed since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +10.4 pp | GGB |
| FY2023 | +10.1 pp | GGB |
| FY2022 | +9.0 pp | GGB |
| FY2021 | −8.5 pp | SID |
| FY2020 | −8.8 pp | SID |
| FY2019 | −5.8 pp | SID |
| FY2018 | −17.6 pp | SID |
| FY2017 | −1.5 pp | SID |
| FY2016 | −12.6 pp | SID |
| FY2015 | −18.5 pp | SID |
The higher net margin has changed hands between GGB and SID over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SID's net margin has been more volatile than GGB's over the 10 comparable fiscal years — 9.6 percentage points of standard deviation against 8.8.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GGB and SID over these 10 fiscal years — GGB led in 3 and SID in 7.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SID's return on equity has been more volatile than GGB's over the 9 comparable fiscal years — 32.8 percentage points of standard deviation against 14.5.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GGB and SID over these 9 fiscal years — GGB led in 4 and SID in 5.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.