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MARKETS / NYSE / GGB
NYSE · STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS · LARGE CAP

Gerdau S.a. GGB

11 fiscal years on record · BRL · FY2025 reported · SEC filings only
BRL 69.9B
▲ 4.2% YoY
BRL 1.4B
▼ 69.6% YoY
BRL 1.3B
▼ 76.7% YoY
In brief

What this company does

Gerdau S.A. produces and sells steel products through mills located in Brazil, Canada, the United States, Argentina, Peru and Uruguay, and through a joint venture in Mexico. It operates steel mills that produce steel in blast furnaces and in electric arc furnaces. The product mix includes crude steel sold to rolling plants; finished products for the construction industry, such as rebar, wire rods, structural shapes, hot-rolled coils and heavy plates; finished industrial products, such as commercial rolled-steel bars, light profiles and wires; and agricultural products, such as stakes, smooth wire and barbed wire. The company has a total of 29 steel producing facilities globally. As of December 31, 2025, its total consolidated installed annual capacity, excluding investments in joint ventures and associate companies, was approximately 15.7 million tonnes of crude steel and 15.0 million tonnes of rolled steel products. Results are disclosed through three geographic business segments: Brazil, North America and South America. Gerdau also has two mines producing iron ore, Várzea do Lopes and Miguel Burnier, located in the Brazilian state of Minas Gerais.

Written from the business description in GERDAU S.A.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth
BRL 69.9B
Revenue, FY2025 · full 11-year series below
Revenue BRL B Net income BRL B
FY2025 · Revenue 69.9 · Net income 1.4
40B80B201520172019202120232025
Compound annual growth
−5.4%
+9.8%
+4.8%
−50.5%
−10.1%
+110.2%
−29.4%
+55.0%
+16.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.4% · Net 2.0%
10%20%-5%-10%201520172019202120232025
ROE
FY2025 · ROE 2.5%
20%40%-5%-10%201520172019202120232025

Each BRL of equity produced 2 cents of profit this year.

Cash & shareholders
BRL 2.5B
returned in FY2025 · dividends + net buybacks
Free cash flow BRL B
FY2025 · FCF 1.3
4B8B201520172019202120232025
Net buybacks BRL B Dividends BRL B
FY2025 · Dividends 1.3 · Net buybacks 1.2
2.5B5.0BDividendsNet buybacks201520172019202120232025

BRL 1.3B in dividends and BRL 1.2B in buybacks — 177% of the year's profit, so the payout drew on cash built up earlier.

Total assetsBRL 81.7B
EquityBRL 53.6B
CashBRL 5.9B
Current ratio2.89×

Equity funds 66% of total assets.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · BRL
row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue BRL B69.967.068.982.478.343.839.646.236.937.743.6
Operating income BRL B3.77.510.517.821.05.23.24.01.1−1.6−3.2
EBITDA BRL B7.410.613.520.623.77.75.35.93.20.9−0.6
Income tax BRL B1.10.91.84.44.71.10.5−0.20.30.3−1.5
Net income BRL B1.44.67.511.415.52.41.22.3−0.4−2.9−4.6
Free cash flow BRL B1.35.65.96.99.54.8−0.10.81.22.24.8
EPS, diluted BRL ···6.509.041.380.701.34−0.21−1.70−2.69
Dividend / sh BRL ···········
Payout %9336365234124026−24−3−8
ROE %2.58.515.825.842.28.24.69.3−1.5−12.0·
Shares out B······1.701.70···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 44 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 51 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySteel Works, Blast Furnaces & Rolling & Finishing Mills
Listed onNYSE
Incorporated inoutside the United States — SEC code D5
Fiscal year endsDecember 31
Data on record since2015

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