
Gerdau S.A. Income Statement 2025-2011 | GGB
Brief overview of revenue and earnings at Gerdau S.A.
This overview is based on financial performance over the past five years. Revenue reported by Gerdau S.A. was 43.8 billion BRL at the beginning of the period and 69.9 billion BRL at the end. Across the full period, sales moved by +59.4%; the average annual rate was 9.8%. Sales increased steadily, although without strong acceleration.
Gross profit changed from 5.9 billion BRL to 8 billion BRL (+34.3%). Cost of revenue moved broadly in line with sales. Gross profit as a share of revenue changed from 13.5% to 11.4%. Weakening gross profitability reduces the quality of the top-line trend.
Over the period, EBITDA shifted from 7.8 billion BRL to 3.7 billion BRL, a change of −52.2%. Changes in revenue did not translate into comparable EBITDA performance. The EBITDA share of revenue changed from 17.9% to 5.4%. Cost pressure reduced operating profitability.
Over the period, net income shifted from 2.4 billion BRL to 1.4 billion BRL (−40.6%). The business generated less net income by the end of the period.
Conclusion
The financial trajectory is weak and requires a cautious interpretation. The strongest signals are sales growth. The main areas of concern are pressure on operating profitability, weaker gross profitability and lower net income. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Gerdau S.A.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | - | - | - | 7.2 B | 8.21 B | 7.38 B | 7.86 B | 6.58 B | 1.53 B | 5.88 B | 12 B | 14.8 B | 15.8 B |
Shares |
- | - | - | - | - | 1.7 B | 1.7 B | 1.7 B | 1.71 B | 1.71 B | 1.69 B | 1.7 B | 1.7 B | 1.7 B | 1.64 B |
Historical Prices |
2.79 | 3.34 | 4.03 | 4.8 | 4.87 | 4.04 | 3.28 | 3.47 | 4.18 | 3.39 | 0.729 | 2.87 | 4.93 | 6.47 | 7.98 |
Net Income |
1.42 B | 4.6 B | 7.54 B | 11.5 B | 15.6 B | 2.39 B | 1.2 B | 2.3 B | -359 M | -2.89 B | -4.55 B | 1.4 B | 1.58 B | 1.43 B | 2.01 B |
Revenue |
69.9 B | 67 B | 68.9 B | 82.4 B | 78.3 B | 43.8 B | 39.6 B | 46.2 B | 36.9 B | 37.7 B | 43.6 B | 42.5 B | 39.9 B | 38 B | 35.4 B |
Cost of Revenue |
61.9 B | 57.8 B | 57.6 B | 63.7 B | 57.5 B | 37.9 B | 35.4 B | 40 B | 33.3 B | 34.2 B | 39.3 B | - | - | - | - |
Gross Profit |
7.97 B | 9.2 B | 11.3 B | 18.8 B | 20.8 B | 5.93 B | 4.2 B | 6.15 B | 3.6 B | 3.46 B | 4.29 B | 5.14 B | 5.13 B | 4.75 B | 5.11 B |
Operating Income |
3.74 B | 7.49 B | 10.5 B | 17.8 B | 21 B | 5.19 B | 3.18 B | 4.05 B | 1.1 B | -1.64 B | -3.22 B | - | - | - | - |
EBITDA |
3.74 B | 7.49 B | 10.5 B | 17.8 B | 21 B | 7.83 B | 5.3 B | 6.35 B | 4.13 B | 3.89 B | 4.41 B | 4.73 B | 4.73 B | 4.17 B | 4.39 B |
Operating Expenses |
- | - | - | - | - | 413 M | 981 M | 1.69 B | 1.56 B | 2.11 B | 2.49 B | 2.64 B | 2.43 B | 2.41 B | 2.49 B |
General and Administrative Expenses |
1.34 B | 1.4 B | 1.49 B | 1.45 B | 1.39 B | 1.02 B | 954 M | 1.08 B | 1.13 B | 1.53 B | 1.8 B | 2.04 B | 1.95 B | 1.88 B | 1.8 B |
All numbers in BRL currency
Quarterly Income Statement Gerdau S.A.
| 2025-Q4 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income |
1.42 B | 4.6 B | - | 7.54 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
69.9 B | 67 B | - | 68.9 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
61.9 B | 57.8 B | - | 57.6 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
7.97 B | 9.2 B | - | 11.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
3.74 B | 7.49 B | - | 10.5 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
3.74 B | 7.49 B | - | 10.5 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
1.34 B | 1.4 B | - | 1.49 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in BRL currency
The income statement is one of the three key financial reports of a company Gerdau S.A. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.