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GGBR3 · B3 · Brazil · Metalurgia e Siderurgia
In shortGerdau S.A. is profitable, generates cash and carries moderate debt, with revenue growing (+4.2% last year).
Financial health
Mixed
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. | 5.4% | 35/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.0% | 28/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 2.5% | 12/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.1% | 21/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.89× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.26× | 96/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.05× | 84/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.76× | 3/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.75 | 94/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 1.9% | 27/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.94× | 80/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 37.3% | 0/100 |
| Operating margin volatility | 8.4% | 32/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -5.4% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -53.3% | 0/100 |
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 | 78,345 | 82,412 | 68,916 | 67,027 | 69,859 |
| Cost of revenue | 57,528 | 63,661 | 57,584 | 57,823 | 61,891 |
| Gross profit | 20,817 | 18,751 | 11,332 | 9,203 | 7,967 |
| Selling, general & admin | 2,106 | 2,188 | 2,208 | 2,167 | 2,121 |
| Operating income | 21,023 | 17,751 | 10,453 | 7,487 | 3,739 |
| Interest expense | 1,806 | 2,538 | 2,262 | 2,750 | 2,119 |
| Pre-tax income | 20,273 | 15,859 | 9,347 | 5,464 | 2,524 |
| Income tax | 4,714 | 4,379 | 1,810 | 865 | 1,106 |
| Net income | 15,494 | 11,426 | 7,502 | 4,566 | 1,387 |
| Diluted EPS | BRL9.09 | BRL6.76 | BRL4.29 | BRL2.18 | BRL0.69 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
4.75 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.
4/9
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 23, 2026