Gerdau SA ADR (GGB) financial statements

Basic Materials · Steel · Market cap $10.1B

Gerdau SA ADR reported revenue of 69.9B BRL in fiscal 2025, up 7.1% a year over 9 years.

Net income was 1.4B BRL and the operating margin 5.4%, against -4.3% in 2016.

Free cash flow was 1.1B BRL, and the company returned 1.3B BRL in dividends and 1.2B BRL in net buybacks.

Revenue and free cash flow

Fiscal years, $ billions (BRL).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/GGB/financials">Gerdau SA ADR financials</a> on Investingly</p>

Income statement

Fiscal years, in BRL, from Gerdau SA ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	37.7B BRL	36.9B BRL	46.2B BRL	39.6B BRL	43.8B BRL	78.3B BRL	82.4B BRL	68.9B BRL	67.0B BRL	69.9B BRL
Cost of revenue	34.2B BRL	33.3B BRL	40.0B BRL	35.4B BRL	37.9B BRL	57.5B BRL	63.7B BRL	57.6B BRL	57.8B BRL	61.9B BRL
Gross profit	3.5B BRL	3.6B BRL	6.1B BRL	4.2B BRL	5.9B BRL	20.8B BRL	18.8B BRL	11.3B BRL	9.2B BRL	8.0B BRL
Selling, general and admin	2.2B BRL	1.7B BRL	1.7B BRL	1.4B BRL	1.5B BRL	2.1B BRL	2.2B BRL	2.2B BRL	2.2B BRL	2.1B BRL
Operating income	-1.6B BRL	1.1B BRL	4.0B BRL	3.2B BRL	5.2B BRL	21.0B BRL	17.8B BRL	10.5B BRL	7.5B BRL	3.7B BRL
Interest expense	2.0B BRL	1.7B BRL	1.6B BRL	1.5B BRL	1.4B BRL	1.4B BRL	1.6B BRL	1.4B BRL	1.5B BRL	2.1B BRL
Pre-tax income	-2.6B BRL	-43M BRL	2.2B BRL	1.7B BRL	3.5B BRL	20.3B BRL	15.9B BRL	9.3B BRL	5.5B BRL	2.5B BRL
Income tax	304M BRL	295M BRL	-169M BRL	458M BRL	1.1B BRL	4.7B BRL	4.4B BRL	1.8B BRL	865M BRL	1.1B BRL
Net income	-2.9B BRL	-359M BRL	2.3B BRL	1.2B BRL	2.4B BRL	15.5B BRL	11.4B BRL	7.5B BRL	4.6B BRL	1.4B BRL
EPS (diluted)	-1.70 BRL	-0.21 BRL	1.34 BRL	0.70 BRL	1.38 BRL	9.04 BRL	6.50 BRL	—	—	—
Diluted shares	572M	572M	—	—	—	—	—	—	—	—
Gross margin	9.2%	9.8%	13.3%	10.6%	13.5%	26.6%	22.8%	16.4%	13.7%	11.4%
Operating margin	-4.3%	3.0%	8.8%	8.0%	11.9%	26.8%	21.5%	15.2%	11.2%	5.4%
Net margin	-7.7%	-1.0%	5.0%	3.0%	5.4%	19.8%	13.9%	10.9%	6.8%	2.0%

Balance sheet

Fiscal years, in BRL, from Gerdau SA ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cash and short-term investments	5.1B BRL	2.6B BRL	2.9B BRL	2.6B BRL	4.6B BRL	4.2B BRL	2.5B BRL	3.0B BRL	7.8B BRL	5.9B BRL
Receivables	3.6B BRL	2.8B BRL	3.2B BRL	2.7B BRL	3.7B BRL	5.4B BRL	5.0B BRL	4.9B BRL	5.2B BRL	4.8B BRL
Inventory	6.3B BRL	6.7B BRL	9.2B BRL	7.7B BRL	9.2B BRL	16.9B BRL	—	—	—	—
Total current assets	17.8B BRL	18.0B BRL	17.5B BRL	18.2B BRL	23.4B BRL	32.6B BRL	31.3B BRL	29.2B BRL	32.7B BRL	28.6B BRL
Property, plant and equipment	19.4B BRL	16.4B BRL	15.5B BRL	15.9B BRL	17.3B BRL	18.7B BRL	20.4B BRL	22.9B BRL	29.6B BRL	30.6B BRL
Goodwill	9.5B BRL	7.9B BRL	9.1B BRL	9.5B BRL	12.1B BRL	12.4B BRL	11.6B BRL	10.8B BRL	13.9B BRL	12.0B BRL
Total assets	54.6B BRL	50.3B BRL	51.3B BRL	54.0B BRL	63.1B BRL	73.8B BRL	73.8B BRL	74.9B BRL	86.8B BRL	81.7B BRL
Total current liabilities	8.6B BRL	7.7B BRL	8.5B BRL	7.4B BRL	11.5B BRL	14.0B BRL	13.5B BRL	11.3B BRL	10.9B BRL	9.9B BRL
Total liabilities	30.4B BRL	26.4B BRL	25.3B BRL	26.8B BRL	32.0B BRL	31.0B BRL	27.5B BRL	25.6B BRL	28.6B BRL	27.9B BRL
Shareholders' equity	24.0B BRL	23.6B BRL	25.7B BRL	27.0B BRL	30.9B BRL	42.6B BRL	46.1B BRL	49.1B BRL	57.9B BRL	53.6B BRL
Net debt	-5.1B BRL	-2.6B BRL	-2.9B BRL	-2.6B BRL	-4.6B BRL	-4.2B BRL	-2.5B BRL	-3.0B BRL	-7.8B BRL	-5.9B BRL

Cash flow

Fiscal years, in BRL, from Gerdau SA ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	3.5B BRL	2.1B BRL	2.0B BRL	1.6B BRL	6.4B BRL	12.5B BRL	11.2B BRL	11.1B BRL	11.4B BRL	8.0B BRL
Capital spending	1.4B BRL	911M BRL	1.3B BRL	1.8B BRL	1.8B BRL	3.2B BRL	4.5B BRL	5.3B BRL	5.9B BRL	6.9B BRL
Free cash flow	2.1B BRL	1.2B BRL	737M BRL	-204M BRL	4.6B BRL	9.3B BRL	6.7B BRL	5.8B BRL	5.4B BRL	1.1B BRL
Stock-based compensation	47M BRL	36M BRL	41M BRL	44M BRL	63M BRL	65M BRL	105M BRL	158M BRL	152M BRL	149M BRL
Dividends paid	86M BRL	86M BRL	599M BRL	484M BRL	275M BRL	5.3B BRL	5.9B BRL	2.7B BRL	1.7B BRL	1.3B BRL
Share buybacks (net)	-95M BRL	—	-243M BRL	0 BRL	0 BRL	—	-1.1B BRL	—	-1.2B BRL	-1.2B BRL
Net borrowing	-2.2B BRL	-4.0B BRL	-3.4B BRL	700M BRL	-2.0B BRL	-4.5B BRL	-938M BRL	-1.1B BRL	648M BRL	1.2B BRL
Free cash flow margin	5.7%	3.2%	1.6%	-0.5%	10.5%	11.9%	8.1%	8.4%	8.1%	1.6%
Dividends per share	0.15 BRL	0.15 BRL	—	—	—	—	—	—	—	—

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Questions

What was Gerdau SA ADR's revenue in 2025?

69.9B BRL in fiscal 2025, from its 10-K filing.

How much free cash flow does Gerdau SA ADR generate?

1.1B BRL in fiscal 2025 (operating cash flow minus capital spending).

From Gerdau SA ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.