Gerdau S.A. (GGB) — Financial statements
Income statement, balance sheet, and cash flow for Gerdau S.A. — annual and quarterly history with growth and margin analysis.
| Metric (BRL Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 69,859↑4.2% | 67,027↓2.7% | 68,916↓16.4% | 82,412↑5.2% | 78,345 | |
| Cost of Revenue | 61,891↑7.0% | 57,823↑0.4% | 57,584↓9.5% | 63,661↑10.7% | 57,528 | |
| Gross Profit | 7,967↓13.4% | 9,203↓18.8% | 11,332↓39.6% | 18,751↓9.9% | 20,817 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,338↓4.7% | 1,404↓5.9% | 1,491↑2.5% | 1,455↑4.6% | 1,390 | |
| Selling & Marketing Expenses | 782↑2.6% | 763↑6.5% | 716↓2.3% | 733↑2.4% | 716 | |
| SG&A Expenses | 2,121↓2.1% | 2,167↓1.9% | 2,208↑0.9% | 2,188↑3.9% | 2,106 | |
| Other Expenses | 239↓61.7% | 623↑224.5% | -500↓1282.4% | -36↑97.2% | -1,308 | |
| Operating Expenses | 2,360↓15.4% | 2,789↑63.4% | 1,707↓20.6% | 2,151↑169.8% | 797 | |
| Total Costs & Expenses | 64,251↑6.0% | 60,613↑2.2% | 59,291↓9.9% | 65,813↑12.8% | 58,325 | |
| Operating Results | ||||||
| Operating Income | 5,608↓12.6% | 6,414↓33.4% | 9,625↓42.0% | 16,600↓17.1% | 20,020 | |
| Depreciation & Amortization | 3,684↑17.8% | 3,126↑2.6% | 3,047↑6.3% | 2,867↑7.8% | 2,659 | |
| EBITDA | 7,565↓19.4% | 9,387↓29.1% | 13,234↓32.8% | 19,690↓17.9% | 23,991 | |
| EBIT | 3,882↓38.0% | 6,261↓38.5% | 10,187↓39.5% | 16,824↓21.1% | 21,332 | |
| Interest & Other Income | ||||||
| Net Interest Income | -191↑55.0% | -424↓3466.4% | 13↑118.2% | -69↑53.8% | -150 | |
| Interest Income | 52↓86.1% | 373↑106.1% | 181↑54.0% | 117↑154.4% | 46 | |
| Interest Expense | 243↓69.5% | 797↑373.8% | 168↓10.0% | 187↓4.9% | 196 | |
| Non-Operating Income | 1,726↑1025.8% | 153↑127.3% | -562↓150.7% | -224↑82.9% | -1,313 | |
| Other Income / Expenses | -3,084↓224.5% | -950↓241.2% | -279↑62.4% | -741↓393.1% | 253 | |
| Income Before Tax | 2,524↓53.8% | 5,464↓41.5% | 9,347↓41.1% | 15,859↓21.8% | 20,273 | |
| Income Tax Expense | 1,106↑27.9% | 865↓52.2% | 1,810↓58.7% | 4,379↓7.1% | 4,714 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,418↓69.2% | 4,599↓39.0% | 7,537↓34.3% | 11,480↓26.2% | 15,559 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,387↓69.6% | 4,566↓39.1% | 7,502↓34.3% | 11,426↓26.3% | 15,494 | |
| Bottom-Line Net Income | 1,387↓69.6% | 4,566↓39.1% | 7,502↓34.3% | 11,426↓26.3% | 15,494 | |
| EPS (Basic) | 0.69↓68.3% | 2.18↓38.6% | 3.55↓42.9% | 6.22↓28.4% | 8.69 | |
| EPS (Diluted) | 0.69↓68.3% | 2.18↓38.6% | 3.55↓42.6% | 6.19↓28.8% | 8.69 | |
| Weighted Average Shares | 2,004↓4.1% | 2,090↓1.0% | 2,112↑15.0% | 1,837↑2.6% | 1,790 | |
| Weighted Average Diluted Shares | 2,013↓4.1% | 2,099↓0.6% | 2,112↑14.4% | 1,847↑3.1% | 1,791 | |
* All figures in Millions of BRL, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.