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USIM3 · B3 · Brazil · Metalurgia e Siderurgia
In shortUsiminas is loss-making, generates cash and holds more cash than debt, with revenue stable (+1.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -5.2% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -11.7% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -13.8% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -4.0% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.12× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.31× | 94/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.58 | 89/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 4.3% | 37/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 52.0% | 0/100 |
| Operating margin volatility | 15.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -6.8% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
BRL millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 33,737 | 32,471 | 27,638 | 25,870 | 26,263 |
| Cost of revenue | 22,463 | 26,791 | 25,851 | 24,210 | 24,080 |
| Gross profit | 11,274 | 5,680 | 1,788 | 1,660 | 2,184 |
| Selling, general & admin | 1,074 | 1,218 | 1,134 | 1,071 | 1,267 |
| Operating income | 11,490 | 2,666 | 799 | 500 | (1,364) |
| Interest expense | 0 | 0 | 0 | 0 | 0 |
| Pre-tax income | 12,336 | 3,279 | 1,166 | (96) | (1,481) |
| Income tax | 2,276 | 1,186 | 475 | 99 | 1,429 |
| Net income | 9,071 | 1,616 | 1,391 | (146) | (3,078) |
| Diluted EPS | BRL7.07 | BRL1.26 | BRL1.08 | −BRL0.12 | −BRL2.50 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
4.58 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: CVM (dados.cvm.gov.br). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Feb 13, 2026