GGB financial statements
The full income statement, balance sheet, and cash-flow statement for Gerdau S.A. (GGB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 12.5B+0.7% | 12.4B-10.0% | 13.8B-13.6% | 16.0B+9.9% | 14.5B+70.7% | |
| 1.43B-16.4% | 1.70B-24.9% | 2.27B-37.5% | 3.63B-5.9% | 3.86B+235.1% | ||
| Cost of revenue | 11.1B+3.4% | 10.7B-7.1% | 11.5B-6.5% | 12.3B+15.6% | 10.7B+45.0% | |
| Operating income | 669M-51.8% | 1.39B-33.7% | 2.09B-39.1% | 3.44B-11.8% | 3.90B+286.4% | |
| Interest expense | 371M+32.8% | 279M-0.1% | 280M-7.6% | 303M+14.0% | 266M-5.5% | |
| Pre-tax income | 452M-55.4% | 1.01B-45.9% | 1.87B-39.1% | 3.07B-18.3% | 3.76B+453.7% | |
| Income tax | 198M+23.5% | 160M-55.8% | 362M-57.3% | 848M-2.9% | 874M+306.3% | |
| 254M-70.2% | 852M-43.5% | 1.51B-32.1% | 2.22B-22.9% | 2.88B+522.0% | ||
| Net income to common | 248M-70.7% | 846M-43.7% | 1.50B-32.1% | 2.21B-22.9% | 2.87B+525.3% | |
| — | — | — | $1.26-24.9% | $1.68+525.4% | ||
| EPS (basic) | — | — | — | — | $1.68+524.3% | |
| Dividends per share | $0.32-24.8% | $0.43-52.4% | $0.89-55.2% | $1.99+15.6% | $1.73+1754.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.21B-1.4% | 5.28B-12.2% | 6.02B+1.8% | 5.91B+0.9% | 5.86B+30.0% | ||
| Cash & equivalents | 1.08B-14.1% | 1.26B+102.8% | 619M+32.3% | 468M-37.3% | 747M-16.0% | |
| Inventory | — | — | — | — | 3.03B+71.5% | |
| 14.9B+5.9% | 14.0B-9.0% | 15.4B+10.6% | 14.0B+5.3% | 13.3B+9.0% | ||
| Property, plant & equipment | 5.58B+16.6% | 4.78B+1.5% | 4.72B+22.1% | 3.86B+14.8% | 3.36B+1.3% | |
| Goodwill | 2.18B-2.5% | 2.24B+0.4% | 2.23B+1.4% | 2.20B-1.4% | 2.23B-4.3% | |
| Total non-current assets | 9.66B+10.4% | 8.75B-7.0% | 9.42B+17.0% | 8.05B+8.9% | 7.39B-3.3% | |
| Total current liabilities | 1.80B+2.6% | 1.75B-24.6% | 2.33B-8.7% | 2.55B+1.1% | 2.52B+14.0% | |
| Total liabilities | 5.08B+9.6% | 4.63B-12.4% | 5.29B+1.6% | 5.20B-6.5% | 5.57B-9.8% | |
| 9.75B+4.1% | 9.37B-7.3% | 10.1B+15.9% | 8.72B+14.1% | 7.65B+28.7% | ||
| Total equity incl. non-controlling | 9.79B+4.1% | 9.41B-7.3% | 10.1B+15.9% | 8.76B+13.9% | 7.69B+28.4% | |
| Common shares issued | 2.00B-3.7% | 2.08B+18.3% | 1.76B+5.0% | 1.67B-2.7% | 1.72B+0.0% | |
| Shares outstanding (cover) | 718M-0.3% | 720M+19.9% | 601M+5.0% | 572M-0.3% | 574M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.43B-32.2% | 2.11B-5.5% | 2.23B+3.3% | 2.16B-6.9% | 2.32B+86.5% | ||
| Depreciation & amortization | 659M+13.8% | 579M-5.1% | 610M+9.9% | 555M+12.7% | 493M+1.6% | |
| Capital expenditure | 1.20B+11.7% | 1.07B+2.6% | 1.04B+25.5% | 831M+48.2% | 561M+75.0% | |
| Free cash flow | 234M-77.5% | 1.04B-12.6% | 1.19B-10.6% | 1.33B-24.5% | 1.76B+90.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 1.65B+127.3% | 726M+104.0% | 356M-18.9% | 438M+287.9% | 113M-81.3% | |
| Long-term debt repaid | 1.43B+136.2% | 606M+6.9% | 567M-8.6% | 620M-34.6% | 948M-3.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 230M-25.0% | 307M-42.9% | 537M-52.9% | 1.14B+15.3% | 990M+1754.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 7.29B+251.5% | 2.07B-10.3% | 2.31B-8.3% | 2.52B+12.6% | 2.24B+5.4% | |
| P/E | 28.7×+1080.0% | 2.4×+134.1% | 1.0×+18.9% | 0.9×+12.6% | 0.8×-83.1% | |
| P/S | 0.6×+249.2% | 0.2×+15.3% | 0.1×-16.6% | 0.2×+12.6% | 0.2×-38.3% | |
| P/B | 0.7×+237.7% | 0.2×-16.5% | 0.3×-19.6% | 0.3×+12.6% | 0.3×-18.2% | |
| P/FCF | 31.2×+1461.5% | 2.0×+14.8% | 1.7×+21.4% | 1.4×+12.6% | 1.3×-44.7% | |
| Earnings yield | 3.5%-91.5% | 41.1%-57.3% | 96.2%-15.9% | 114.3%-11.2% | 128.7%+490.4% | |
| FCF yield | 3.2%-93.6% | 50.0%-12.9% | 57.5%-17.6% | 69.7%-11.2% | 78.5%+80.8% | |
| Dividend yield | 8.7%-41.3% | 14.8%-33.1% | 22.1%-51.2% | 45.4%+2.7% | 44.2%+1660.7% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: GGB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GGB filings on SEC EDGAR → Not investment advice.