GGB vs PKX: Gerdau SA ADR and POSCO compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- POSCO is the larger company, worth $15.4B, about 1.5 times Gerdau SA ADR.
- Gerdau SA ADR grew revenue faster over the last year (+4.2% vs -4.7%).
- Gerdau SA ADR keeps more of each dollar of revenue as operating profit (5.3% vs 2.0%).
- On earnings, Gerdau SA ADR is the cheaper stock (32.1x vs 33.4x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GGB | PKX |
|---|---|---|
| Market cap | $10.1B | $15.4B |
| Share price | $5.12 | $56.26 |
| Revenue (last fiscal year) | $69.9B | $73.46T |
| Free cash flow (last fiscal year) | $1.1B | -$1.50T |
| Revenue growth, last year | +4.2% | -4.7% |
| Revenue growth per year, last 5 fiscal years | -2.8% | +6.3% |
| Operating margin | 5.3% | 2.0% |
| Net margin | 2.0% | 1.5% |
| Return on equity | 2.6% | 2.0% |
| P/E (trailing) | 32.1x | 33.4x |
| Price / free cash flow | 8.92x | — |
| EV / EBITDA | 6.67x | 7.44x |
| FCF growth the price implies | — | — |
| Dividend yield | 2.8% | 3.4% |
| Debt / equity | 0.52x | 0.76x |
| Fundamental grade | C | D |
| Superinvestors holding it | 0 | 2 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Gerdau SA ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $78.3B | $9.3B | 26.8% |
| 2022 | $82.4B | $6.7B | 21.5% |
| 2023 | $68.9B | $5.8B | 15.2% |
| 2024 | $67.0B | $5.4B | 11.2% |
| 2025 | $69.9B | $1.1B | 5.4% |
POSCO
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $57.47T | $5.23T | 3.6% |
| 2021 | $76.01T | $2.76T | 11.5% |
| 2022 | $85.00T | $766.3B | 5.1% |
| 2023 | $77.06T | -$1.05T | 3.6% |
| 2024 | $73.46T | -$1.50T | 2.0% |
Where the revenue comes from
Gerdau SA ADR · by segments, 2025
North America$35.8B50%
Brazil$29.7B42%
South America$5.6B8%
POSCO · by segments, 2025
Steel$37.28T54%
Trading$23.74T34%
Construction$5.51T8%
Rechargeable Battery Materials$2.10T3%
Logistics and Others$308.7B0%
Others$45.5B0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open GGB in InvestinglyQuestions
Which is bigger, Gerdau SA ADR or POSCO?
POSCO (PKX), at $15.4B against $10.1B.
Is GGB or PKX cheaper?
By trailing P/E, Gerdau SA ADR (32.1x) is cheaper than POSCO (33.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, GGB or PKX?
Gerdau SA ADR: revenue grew +4.2% over the last year, against -4.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.