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MARKETS / NYSE / Utilities / Water and sanitation / SBS
NYSE · WATER SUPPLY · LARGE CAP

Companhia de Saneamento Basico do Estado de SAO Paulo-sabesp SBS

10 fiscal years on record · BRL · FY2024 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
BRL 36.1B
▲ 41.3% YoY
BRL 9.6B
▲ 171.9% YoY
BRL 7.3B
▲ 55.2% YoY

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

In brief

What this company does

Sabesp provides water and sewage services to residential, commercial, industrial and governmental customers in 375 of the 645 municipalities in the State of São Paulo, including the city of São Paulo, under concession agreements. Of those municipalities, 371 are covered by the URAE 1 concession, which runs until 2060. It supplied water services to approximately 29.9 million people and sewage services to approximately 27.0 million people in the State of São Paulo. For the year ended December 31, 2025, it produced approximately 3,227.3 million cubic meters of water. The company operates 214 water treatment facilities and 690 simplified water treatment facilities, and all water is treated before being distributed through its water supply network. It also operates 641 sewage treatment facilities, including eight ocean outfalls, with an installed capacity of approximately 61.4 cubic meters of sewage per second. In the year ended December 31, 2025, it installed 197.3 thousand new sewage connections.

Written from the business description in COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP's annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth

BRL 36.1B
Revenue, FY2024 · full 10-year series below
Revenue BRL B Net income BRL B
FY2024 · Revenue 36.1 · Net income 9.6
15B30B
2015201820212024
Compound annual growth
+22.9%
+15.0%
+60.8%
+23.3%
+19.3%
+54.0%
+4.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.0% a year over the five years to FY2024 — but profit grew faster: net income at +23.3%.

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

27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 26.5%
10%20%
201520192024
ROE
FY2024 · ROE 28.7%
10%20%
201520192024
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.
Gross margin54.1%
Operating margin·
Net margin26.5%
EBITDA·

Each BRL of equity produced 29 cents of profit this year.

Cash & shareholders

BRL 928.9M
returned in FY2024 · dividends + net buybacks
Free cash flow BRL B
FY2024 · FCF 7.3
3B6B
201520192024
Net buybacks BRL M Dividends BRL M
FY2024 · Dividends 928.9 · Net buybacks ·
400M800M
2015201620172018201920202021202220232024
Dividends paidBRL 928.9M
Net buybacks·
Share of profit9.7%
Consecutive raises4 years

BRL 928.9M in dividends — 10% of the year's profit went back to shareholders.

Total assetsBRL 81.0B
CashBRL 1.7B
Gross debtBRL 25.3B
Net debtBRL 23.6B
Current ratio0.89×

Net debt stands at 64% of equity.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · BRL
row low → row highnegative—not applicable◌not available in our data
SBS, 10-year financial record
Metric 2024202320222021202020192018201720162015
Revenue BRL B36.125.622.119.517.818.016.114.614.111.7
Operating income BRL B◌◌◌◌◌◌◌◌◌◌
EBITDA BRL B◌◌◌◌◌◌◌◌◌◌
Income tax BRL B−1.3−1.5−1.2−1.0−0.5−1.2−0.9−0.9−1.1−0.0
Net income BRL B9.63.53.12.31.03.42.82.52.90.5
Free cash flow BRL B7.34.73.93.94.94.13.83.33.02.6
EPS, diluted BRL 14.025.164.57◌◌◌◌◌◌◌
Dividend / sh BRL 3.331.44◌◌0.401.381.161.031.20◌
Payout %1023191191222330538
ROE %28.712.311.99.74.416.415.315.320.23.9

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 3 failures in 38 reconciliationsAUDITED

Reconciled in 7 of the 10 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. 12 checks were skipped: EPS is not tagged before 2019. Eight checks were skipped: revenue is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency3 failures
ActivityWater Supply
Listed onNYSE
Incorporated inoutside the United States — SEC code D5
Fiscal year endsDecember 31
Data on record since2015

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