Cosan S.A.(CSAN)Earnings, Financials & Key Ratios
CSAN•NYSE
$3.03
Price updated Jul 6, 2026
AboutCosan S.A., through its subsidiaries, primarily engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas. This segment also markets various products derived from sugar cane, including raw sugar, and anhydrous and hydrated ethanol, as well as engages in activities related to energy cogeneration from sugarcane bagasse; sale of electricity; and holds interests in companies involved in research and development on new technology. The company's Gas and Power segment distributes piped natural gas to customers in the industrial, residential, commercial, automotive, and cogeneration sectors; and engages in purchase and sale of electricity to other traders. Its Moove segment produces and distributes lubricants under the Mobil and Comma brands. The company's Logistics segment provides logistics services for rail transportation, storage and port loading of commodities, including grains and sugar; and leases locomotives, wagons, and another railroad equipment. Its Cosan Investments segment manages agricultural, mining, and logistics projects; and invests in climate tech fund. Cosan S.A. was founded in 1936 and is headquartered in São Paulo, Brazil.Show more
- Revenue$40.42B-8.0%
- EBITDA$14.6B+16.3%
- Net Income-$9.72B-3.2%
- EPS (Diluted)-15.28-46.6%
- Gross Margin32.6%+4.5%
- EBITDA Margin36.13%+26.5%
- Operating Margin26.5%+25.3%
- Net Margin-24.05%-12.2%
- ROE-27.62%-32.4%
CSAN Price & Volume
Cosan S.A. (CSAN) stock price & volume — 10-year historical chart
Loading chart...
Conglomerate Complexity Masks Persistent Structural Value Erosion
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:High leverage and currency mismatch
Key Thesis Takeaways
- Cosan S.A.
- faces significant headwinds as its complex conglomerate structure struggles to convert a $9.0 billion quarterly revenue base into sustainable profitability, evidenced by a -17.5% net margin in 2026Q1.
- The company's aggressive capital allocation strategy, including substantial acquisitions and dividend payments, appears to be outpacing its operational cash generation, leading to a rapid depletion of equity from $20.7 billion in 2024Q1 to $3.5 billion in 2026Q1.
- Investors should monitor the sustainability of the current debt-to-equity ratio of 2.21, as the persistent negative net income and high capital intensity may continue to pressure the balance sheet and liquidity buffers.
Verdict Logic
the company's inability to generate positive net income, combined with a deteriorating equity base of $3.5 billion and a high debt-to-equity ratio of 2.21, suggests significant fundamental risk.
CSAN Growth Metrics
Cosan S.A. (CSAN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.94%
5 Years24.51%
3 Years0.92%
TTM-9.11%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM13.63%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM7.95%
Return on Capital
10 Years8.99%
5 Years6.69%
3 Years7.53%
Last Year8.82%
CSAN Recent Earnings
Cosan S.A. (CSAN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (27%)●Beat Revenue 5/12 qtrs (45%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.31-20766.7%
$0.00
Rev
$1.6B+7.0%
$1.5B
Q2 2026
Mar 10, 2026Metric
Actual
Est
EPS
$0.16-1866.0%
$0.01
Rev
$349M-75.0%
$1.4B
Q2 2026
Mar 9, 2026Metric
Actual
Est
EPS
$0.16-1866.0%
$0.01
Rev
$349M-75.0%
$1.4B
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.47-2010.6%
$0.02
Rev
$2.0B-72.5%
$7.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.31vs $0.00-20766.7% | $1.6Bvs $1.5B+7.0% |
| Q2 2026 | Mar 10, 2026 | $0.16vs $0.01-1866.0% | $349Mvs $1.4B-75.0% |
| Q2 2026 | Mar 9, 2026 | $0.16vs $0.01-1866.0% | $349Mvs $1.4B-75.0% |
| Q4 2025 | Nov 14, 2025 | $0.47vs $0.02-2010.6% | $2.0Bvs $7.3B-72.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Cosan S.A. (CSAN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.03 | $2.97B | -1.03 | -8.04% | -24.05% | -27.62% | 16.99% | |
| $5.81 | $19.86B | 12.43 | 3.32% | 22.04% | 20.21% | — | |
| $4.23 | $8.41B | 31.75 | 4.23% | 2.37% | 3.03% | — | |
| $2.10 | $6.01B | 6.40 | 7.36% | 9.86% | 8.81% | — | |
| $65.43 | $12B | 34.08 | 21.38% | 4.34% | 8.78% | — | |
| $15.09 | $65.86B | 26.02 | 0.46% | 7.06% | 7.22% | — |
Compare CSAN vs Peers
Cosan S.A. (CSAN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Get notified when CSAN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
CSAN Frequently Asked Questions
Cosan S.A. (CSAN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Cosan S.A.'s revenue?
Cosan S.A. (CSAN) reported $39.78B in revenue for fiscal year 2025. This represents a 1506% increase from $2.48B in 2005.
How fast is Cosan S.A. growing?
Cosan S.A. (CSAN) saw revenue decline by 8.0% over the past year.
Is CSAN profitable?
Cosan S.A. (CSAN) reported a net loss of $9.52B for fiscal year 2025.
Dividend & Returns
Does CSAN pay dividends?
Yes, Cosan S.A. (CSAN) pays a dividend with a yield of 16.99%. This makes it attractive for income-focused investors.
What is CSAN's return on equity?
Cosan S.A. (CSAN) has a return on equity (ROE) of -27.6%. Negative ROE indicates the company is unprofitable.
What is Cosan S.A.'s free cash flow?
Cosan S.A. (CSAN) generated $2.46B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.