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Suzano S.A. (SUZ)
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Suzano S.A. Income Statement 2025-2011 | SUZ
Brief overview of financial performance at Suzano S.A.
The figures are compared over a five-year interval. Revenue at Suzano S.A. moved from 10.2 billion BRL in 2015 to 30.5 billion BRL in 2020. The total change was +197.9%, with a CAGR of approximately 24.4%. The annual growth rate indicates an exceptionally strong top-line trend.
The gross result shifted from 4 billion BRL to 11.5 billion BRL, or +184.5%. Gross profit as a share of revenue changed from 39.5% to 37.7%. The relationship between gross profit and revenue changed only slightly.
EBITDA changed from 3.1 billion BRL to 8.4 billion BRL (+170%). Changes in revenue did not translate into comparable EBITDA performance. Comparing the endpoints gives EBITDA margins of 30.6% and 27.7%. Operating return per unit of revenue declined.
The net financial result changed from −925 million BRL to −10.7 billion BRL. The negative result deepened, showing weaker final efficiency.
The market value of the business moved from 4.4 billion BRL to 15.1 billion BRL, or +244.3%. The share-price trend was broadly consistent with improving results.
Summary assessment
The results contain several connected negative signals. The constructive conclusion rests on revenue expansion. The overall view is constrained by pressure from direct costs, declining net profitability and a declining EBITDA margin. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Suzano S.A.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
11.9 B | 11 B | 15.1 B | 13.5 B | 14.9 B | 15.1 B | 12.3 B | 13.2 B | 7.02 B | 5.03 B | 4.39 B | 4.34 B | 4.27 B | 2.68 B | 1.74 B |
Shares |
1.24 B | 1.26 B | 1.3 B | 1.33 B | 1.35 B | 1.35 B | 1.35 B | 1.09 B | 1.1 B | 1.09 B | 1.09 B | 1.09 B | 1.08 B | 722 M | 398 M |
Historical Prices |
9.61 | 8.73 | 11.7 | 10.2 | 11.1 | 11.2 | 9.1 | 12 | 6.39 | 3.95 | 3.63 | 3.53 | 3.28 | 2.93 | 3.41 |
Net Income |
13.4 B | -7.04 B | 14.1 B | 23.4 B | 8.64 B | -10.7 B | -2.82 B | 320 M | 1.81 B | 1.69 B | -925 M | -262 M | -220 M | -182 M | 29.9 M |
Revenue |
- | - | - | - | - | 30.5 B | 26 B | 13.4 B | 10.5 B | 9.88 B | 10.2 B | 7.26 B | 5.69 B | 5.19 B | 4.85 B |
Cost of Revenue |
33.9 B | 27.4 B | 25.1 B | 24.8 B | 20.6 B | 19 B | 20.7 B | 6.92 B | 6.5 B | 6.56 B | - | - | - | - | - |
Gross Profit |
16.2 B | 20 B | 14.7 B | 25 B | 20.3 B | 11.5 B | 5.27 B | 6.52 B | 4.08 B | 3.31 B | 4.04 B | 1.91 B | 1.5 B | 1.16 B | 1.08 B |
Operating Income |
10.6 B | 15.7 B | 12.2 B | 22.2 B | 18.2 B | 8.44 B | 2.63 B | 5.01 B | 3.28 B | 1.27 B | - | - | - | - | - |
EBITDA |
10.6 B | 15.7 B | 12.2 B | 22.2 B | 18.2 B | 8.44 B | 2.63 B | 5.01 B | 3.28 B | 2.5 B | 3.13 B | 1.26 B | 926 M | 519 M | 1.31 B |
Operating Expenses |
5.58 B | 4.31 B | 2.46 B | 2.79 B | 2.17 B | 3.2 B | 2.65 B | 1.52 B | 768 M | 918 M | 956 M | 684 M | 586 M | 651 M | 400 M |
General and Administrative Expenses |
2.79 B | 2.62 B | 1.92 B | 1.71 B | 1.58 B | 1.36 B | 1.15 B | 790 M | 498 M | 400 M | 433 M | 376 M | 403 M | 404 M | 334 M |
Annual performance
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All numbers in BRL currency
Quarterly Income Statement Suzano S.A.
| 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q2 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
-267 K | -538 K | -1.56 M | 1.24 B | -8.58 M | -11 M | -1.14 M | 1.29 B | 1.3 B | 1.31 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
116 M | 1.96 B | 5.01 B | 6.35 B | -6.74 B | 3.24 B | -3.77 B | 220 M | 14.1 B | 5.08 B | - | - | 182 M | - | - | - | 10 B | - | - | - | -2.05 B | - | - | - | 700 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
9.1 B | 8.45 B | 8.61 B | 7.73 B | 8.76 B | 6.85 B | 6.09 B | 5.7 B | 25.1 B | 6.23 B | - | - | 6.12 B | - | - | - | 4.78 B | - | - | - | 4.79 B | - | - | - | 5.22 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
4.02 B | 3.7 B | 4.69 B | 3.82 B | 5.42 B | 5.43 B | 5.4 B | 3.76 B | 14.7 B | 2.93 B | - | - | 5.4 B | - | - | - | 5.07 B | - | - | - | 3.21 B | - | - | - | 1.44 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
3.55 B | 1.97 B | 2.88 B | 2.26 B | 4.42 B | 4.11 B | 4.61 B | 2.55 B | 12.2 B | 3.07 B | - | - | 4.59 B | - | - | - | 5.21 B | - | - | - | 2.52 B | - | - | - | 883 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
3.55 B | 1.97 B | 2.88 B | 2.26 B | 4.42 B | 4.11 B | 4.61 B | 2.55 B | 12.2 B | 3.07 B | - | - | 4.59 B | - | - | - | 5.21 B | - | - | - | 2.52 B | - | - | - | 883 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
470 M | 1.73 B | 1.81 B | 1.56 B | 1 B | 1.32 B | 787 M | 1.21 B | 2.46 B | -137 M | - | - | 809 M | - | - | - | -140 M | - | - | - | 691 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
804 M | 665 M | 647 M | 674 M | 990 M | 569 M | 558 M | 503 M | 1.92 B | 427 M | - | - | 365 M | - | - | - | 353 M | - | - | - | 336 M | - | - | - | 278 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in BRL currency
The income statement is one of the three key financial reports of a company Suzano 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.
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