Zacks Investment Research·Jun 23, 2026
Are Basic Materials Stocks Lagging Gerdau (GGB) This Year?Here is how Gerdau (GGB) and Anglo American (NGLOY) have performed compared to their sector so far this year.
Gerdau S.A.(GGB)Earnings, Financials & Key Ratios
GGB•NYSE
$4.23
31.7× P/E·Price updated Jul 6, 2026
AboutGerdau S.A. provides steel products and services. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; finished industrial products, including commercial rolled-steel bars, and light profiles and wires; agricultural products that include stakes and smooth wire products; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps. The company also produces special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets. In addition, it offers flat products, including hot rolled coils and heavy plates; and resells flat steel products, as well as mines and produces iron ore. It sells its products through independent distributors, direct sales from the mills, and through its retail network. The company was founded in 1901 and is based in Sao Paulo, Brazil.Show more
- Revenue$69.86B+4.2%
- EBITDA$9.29B-2.6%
- Net Income$1.39B-69.6%
- EPS (Diluted)0.69-68.3%
- Gross Margin11.41%-16.9%
- EBITDA Margin13.3%-6.6%
- Operating Margin8.03%-16.1%
- Net Margin1.99%-70.9%
- ROE2.48%-70.9%
GGB Price & Volume
Gerdau S.A. (GGB) stock price & volume — 10-year historical chart
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Cyclical Volatility Challenges Gerdau's Margin Resilience
Investment Thesis • Updated 2026Q1
VerdictNeutral: While the company maintains a strong liquidity position with a 2.76 current ratio
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclical Commodity Price Volatility
Key Thesis Takeaways
- Gerdau maintains a fortress-like balance sheet with a 0.29 debt-to-equity ratio, yet its fundamental outlook remains tethered to volatile steel demand cycles that caused a $1.3 billion net loss in 2025Q4.
- While the company demonstrates disciplined SG&A management near $521.9 million, investors should monitor the persistent margin compression that saw gross margins retreat from 14.9% in 2024Q1 to 13.7% in 2026Q1.
- Future performance hinges on the company's ability to navigate raw material cost pass-throughs and foreign exchange translation risks that frequently distort reported earnings.
Verdict Logic
the extreme volatility in earnings and inconsistent free cash flow conversion warrant a cautious approach until margin stability is proven.
GGB Growth Metrics
Gerdau S.A. (GGB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.83%
5 Years9.78%
3 Years-5.36%
TTM1.48%
Profit CAGR
10 Years-
5 Years-10.13%
3 Years-50.49%
TTM-49.89%
EPS CAGR
10 Years-
5 Years-12.43%
3 Years-51.87%
TTM-67.74%
Return on Capital
10 Years12.44%
5 Years19.18%
3 Years10.77%
Last Year7.59%
GGB Recent Earnings
Gerdau S.A. (GGB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 27, 2026Metric
Actual
Est
EPS
$0.10-33.3%
$0.15
Rev
$3.3B-0.6%
$3.4B
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.07-36.4%
$0.11
Rev
$3.3B+4.5%
$3.2B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.10-9.1%
$0.11
Rev
$3.4B+9.1%
$3.1B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.08-11.1%
$0.09
Rev
$3.2B-1.6%
$3.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $0.10vs $0.15-33.3% | $3.3Bvs $3.4B-0.6% |
| Q1 2026 | Feb 23, 2026 | $0.07vs $0.11-36.4% | $3.3Bvs $3.2B+4.5% |
| Q4 2025 | Oct 30, 2025 | $0.10vs $0.11-9.1% | $3.4Bvs $3.1B+9.1% |
| Q3 2025 | Jul 31, 2025 | $0.08vs $0.09-11.1% | $3.2Bvs $3.3B-1.6% |
Based on last 12 quarters of dataView full earnings history →
Latest GGB News
Recent stock market news and headlines for Gerdau S.A. (GGB)
Zacks Investment Research·Jun 19, 2026
Why Gerdau (GGB) is a Great Dividend Stock Right NowDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Gerdau (GGB) have what it takes?
Zacks Investment Research·Jun 16, 2026
Gerdau (GGB) Upgraded to Buy: Here's What You Should KnowGerdau (GGB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Zacks Investment Research·Jun 16, 2026
Despite Fast-paced Momentum, Gerdau (GGB) Is Still a Bargain StockIf you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Gerdau (GGB) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Peers Comparison
Key metrics vs top competitors for Gerdau S.A. (GGB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.23 | $8.41B | 31.75 | 4.23% | 1.99% | 2.48% | 2.92% | |
| $223.92 | $51B | 29.78 | 5.73% | 6.82% | 10.58% | — | |
| $221.76 | $31.98B | 27.75 | 3.63% | 7.22% | 15.29% | — | |
| $9.77 | $5.57B | -3.26 | -3% | -6.42% | -20.16% | — | |
| $377.56 | $19.3B | 27.01 | 3.32% | 5.43% | 11.17% | — | |
| $62.70 | $6.94B | 84.73 | -1.61% | 6.72% | 13.65% | — |
Compare GGB vs Peers
Gerdau S.A. (GGB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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GGB Frequently Asked Questions
Gerdau S.A. (GGB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Gerdau S.A.'s revenue?
Gerdau S.A. (GGB) reported $69.20B in revenue for fiscal year 2025. This represents a 2938% increase from $2.28B in 1998.
How fast is Gerdau S.A. growing?
Gerdau S.A. (GGB) grew revenue by 4.2% over the past year. Growth has been modest.
Is GGB profitable?
Yes, Gerdau S.A. (GGB) is profitable, generating $1.64B in net income for fiscal year 2025 (2.0% net margin).
Dividend & Returns
Does GGB pay dividends?
Yes, Gerdau S.A. (GGB) pays a dividend with a yield of 2.92%. This makes it attractive for income-focused investors.
What is GGB's return on equity?
Gerdau S.A. (GGB) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.
What is Gerdau S.A.'s free cash flow?
Gerdau S.A. (GGB) generated $2.41B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.