Gerdau S.A. (GGB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 16.72B | 16.97B | 17.98B | 17.53B | 17.38B | 16.82B | 17.38B | 16.62B | 16.21B | 14.72B | 17.06B | 18.27B | 18.87B | 17.96B | 21.15B | 22.97B | 20.33B | 21.55B | 21.32B | 19.13B |
| Revenue Growth % | -3.8% | 0.9% | 3.48% | 5.48% | 7.19% | 14.32% | 1.84% | -9.03% | -14.11% | -18.08% | -19.32% | -20.48% | -7.17% | -16.66% | -0.79% | 20.06% | 24.4% | 58.26% | 74.41% | 118.76% |
| Cost of Goods Sold | 14.42B | 15.13B | 15.84B | 15.5B | 15.43B | 14.8B | 14.8B | 14.43B | 13.79B | 13.08B | 14.27B | 14.99B | 15.24B | 15.04B | 16.41B | 17.06B | 15.15B | 16.37B | 14.9B | 13.72B |
| COGS % of Revenue | 86.28% | 89.11% | 88.09% | 88.41% | 88.8% | 87.99% | 85.17% | 86.84% | 85.07% | 88.9% | 83.63% | 82.05% | 80.77% | 83.7% | 77.6% | 74.3% | 74.52% | 75.94% | 69.89% | 71.7% |
| Gross Profit | 2.29B | 1.85B | 2.14B | 2.03B | 1.95B | 2.02B | 2.58B | 2.19B | 2.42B | 1.63B | 2.79B | 3.28B | 3.63B | 2.93B | 4.74B | 5.9B | 5.18B | 5.19B | 6.42B | 5.41B |
| Gross Margin % | 13.72% | 10.89% | 11.91% | 11.59% | 11.2% | 12.01% | 14.83% | 13.16% | 14.93% | 11.1% | 16.37% | 17.95% | 19.23% | 16.3% | 22.4% | 25.7% | 25.48% | 24.06% | 30.11% | 28.3% |
| Gross Profit Growth % | 17.84% | -8.5% | -16.86% | -7.15% | -19.55% | 23.72% | -7.74% | -33.29% | -33.32% | -44.24% | -41.06% | -44.47% | -29.96% | -43.55% | -26.19% | 9.05% | 36.45% | 94.99% | 278.3% | 654% |
| Operating Expenses | 541.98M | 645.89M | 572.09M | 571.65M | 569.92M | 1.11B | 455.15M | 571.88M | 534.8M | 540.85M | 408.53M | 393.44M | -663.76M | 613.62M | 275.34M | 113.3M | 167.47M | 423.18M | -969.62M | -148.51M |
| OpEx % of Revenue | 3.24% | 3.81% | 3.18% | 3.26% | 3.28% | 6.57% | 2.62% | 3.44% | 3.3% | 3.68% | 2.39% | 2.15% | -3.52% | 3.42% | 1.3% | 0.49% | 0.82% | 1.96% | -4.55% | -0.78% |
| Selling, General & Admin | 521.88M | 508.62M | 512.39M | 556.91M | 542.87M | 586.42M | 548.6M | 530.66M | 500.94M | 568.38M | 538.87M | 562.35M | 538.04M | 622.23M | 555.07M | 516.01M | 494.31M | 632.62M | 527.47M | 476.38M |
| SG&A % of Revenue | 3.12% | 3% | 2.85% | 3.18% | 3.12% | 3.49% | 3.16% | 3.19% | 3.09% | 3.86% | 3.16% | 3.08% | 2.85% | 3.46% | 2.62% | 2.25% | 2.43% | 2.93% | 2.47% | 2.49% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 1.75B | 1.2B | 1.57B | 1.46B | 1.38B | 915.01M | 2.12B | 1.62B | 1.88B | 1.09B | 2.38B | 2.88B | 4.29B | 2.31B | 4.46B | 5.79B | 5.01B | 4.76B | 7.39B | 5.56B |
| Operating Margin % | 10.48% | 7.08% | 8.73% | 8.32% | 7.92% | 5.44% | 12.21% | 9.72% | 11.63% | 7.42% | 13.97% | 15.79% | 22.74% | 12.88% | 21.1% | 25.21% | 24.66% | 22.1% | 34.66% | 29.08% |
| Operating Income Growth % | 27.26% | 31.41% | -25.99% | -9.67% | -26.97% | -16.2% | -11.02% | -44.02% | -56.09% | -52.83% | -46.57% | -50.18% | -14.38% | -51.41% | -39.6% | 4.1% | 40.91% | 64.57% | 435.52% | 617.04% |
| EBITDA | 2.65B | 2.14B | 2.51B | 2.4B | 2.25B | 1.75B | 2.92B | 2.39B | 2.61B | 1.88B | 3.17B | 3.64B | 5.01B | 3.08B | 5.2B | 6.49B | 5.67B | 5.47B | 8.06B | 6.19B |
| EBITDA Margin % | 15.88% | 12.6% | 13.94% | 13.67% | 12.95% | 10.39% | 16.79% | 14.36% | 16.11% | 12.79% | 18.6% | 19.91% | 26.53% | 17.17% | 24.59% | 28.26% | 27.9% | 25.38% | 37.82% | 32.37% |
| EBITDA Growth % | 17.94% | 22.32% | -14.06% | 0.38% | -13.8% | -7.16% | -8.05% | -34.39% | -47.86% | -38.95% | -38.98% | -43.97% | -11.73% | -43.63% | -35.49% | 4.82% | 34.84% | 52.87% | 297.73% | 346.42% |
| D&A (Non-Cash Add-back) | 902.39M | 935.65M | 937.55M | 936.54M | 873.84M | 832.87M | 796.28M | 771.32M | 725.78M | 790.84M | 789.15M | 752.45M | 714.77M | 769.16M | 737.51M | 701.21M | 658.81M | 706.56M | 672.67M | 630.5M |
| EBIT | 1.8B | -714.73M | 1.79B | 1.47B | 1.34B | 585.51M | 2.01B | 1.2B | 2.46B | 944.85M | 2.12B | 2.68B | 4.36B | 2.15B | 4.21B | 5.7B | 4.76B | 3.95B | 7.74B | 5.84B |
| Net Interest Income | -213.87M | -309.9M | -252.15M | -238.05M | -17.93M | -3.79M | -7.77M | 863.03K | -2.03M | -1.4M | 6.6M | 5.19M | 2.3M | 39.51M | -33.77M | -41.67M | -35.1M | -47.78M | -41.31M | -32.05M |
| Interest Income | 68.39M | 81.72M | 106.22M | 76.38M | 26.35M | 33.86M | 30.38M | 35.54M | 35.28M | 40.8M | 49.39M | 49.24M | 41.58M | 70.3M | 20.09M | 13.97M | 11.98M | 15.56M | 10.79M | 9.41M |
| Interest Expense | 282.26M | 391.62M | 358.37M | 314.44M | 44.28M | 37.65M | 38.16M | 34.68M | 37.3M | 42.2M | 42.79M | 44.05M | 39.28M | 30.8M | 53.86M | 55.64M | 47.08M | 63.34M | 52.09M | 41.46M |
| Other Income/Expense | -238.43M | -2.34B | -134.04M | -308.3M | -298.62M | -549.32M | -322.79M | -592.23M | 391.64M | -356.21M | -477.75M | -422.74M | -50.09M | -327.64M | -530.18M | -361.08M | -503.39M | -865.45M | 77.58M | 57.88M |
| Pretax Income | 1.51B | -1.14B | 1.44B | 1.15B | 1.08B | 365.69M | 1.8B | 1.02B | 2.28B | 735.71M | 1.91B | 2.46B | 4.24B | 1.99B | 3.93B | 5.43B | 4.51B | 3.9B | 7.47B | 5.62B |
| Pretax Margin % | 9.05% | -6.72% | 7.99% | 6.57% | 6.2% | 2.17% | 10.35% | 6.16% | 14.04% | 5% | 11.17% | 13.48% | 22.48% | 11.06% | 18.59% | 23.64% | 22.18% | 18.09% | 35.03% | 29.38% |
| Income Tax | 500.1M | 153.61M | 346.08M | 286.1M | 320.21M | 42.72M | 442.43M | 155.81M | 223.69M | 148.91M | 314.32M | 319.45M | 1.03B | 768.58M | 910.09M | 1.13B | 1.57B | 338.5M | 1.87B | 1.69B |
| Effective Tax Rate % | 33.04% | -13.47% | 24.1% | 24.87% | 29.7% | 11.68% | 24.6% | 15.23% | 9.83% | 20.24% | 16.49% | 12.97% | 24.21% | 38.68% | 23.14% | 20.83% | 34.8% | 8.68% | 25.08% | 30% |
| Net Income | 1B | -1.3B | 1.08B | 856.29M | 749.49M | 316.02M | 1.35B | 859.11M | 2.04B | 577.95M | 1.58B | 2.14B | 3.21B | 1.21B | 3.01B | 4.28B | 2.92B | 3.5B | 5.58B | 3.92B |
| Net Margin % | 5.99% | -7.65% | 6% | 4.89% | 4.31% | 1.88% | 7.75% | 5.17% | 12.61% | 3.93% | 9.27% | 11.69% | 16.99% | 6.72% | 14.24% | 18.64% | 14.39% | 16.22% | 26.17% | 20.47% |
| Net Income Growth % | 33.7% | -510.78% | -19.89% | -0.33% | -63.33% | -45.32% | -14.82% | -59.78% | -36.25% | -52.14% | -47.46% | -50.12% | 9.61% | -65.45% | -46.02% | 9.33% | 19.32% | 233.4% | 601.98% | 1142.28% |
| Net Income (Continuing) | 1.01B | -1.29B | 1.09B | 864.5M | 757.8M | 322.96M | 1.36B | 866.98M | 2.05B | 586.8M | 1.59B | 2.14B | 3.22B | 1.22B | 3.02B | 4.3B | 2.94B | 3.56B | 5.59B | 3.93B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 199.54M | 213.1M | 198.87M | 201.24M | 202.37M | 225.03M | 220.94M | 211.6M | 191.53M | 179.9M | 186.56M | 180.07M | 184.02M | 182M | 190.5M | 185.11M | 207.89M | 211.37M | 215.38M | 226.79M |
| EPS (Diluted) | 0.51 | -0.66 | 0.53 | 0.42 | 0.37 | 1.48 | 0.22 | 0.41 | 0.81 | 0.27 | 0.90 | 1.21 | 1.82 | 0.66 | 1.69 | 2.38 | 1.62 | 1.99 | 3.10 | 2.18 |
| EPS Growth % | 37.84% | -144.59% | 140.91% | 2.44% | -54.32% | 448.15% | -75.56% | -66.12% | -55.49% | -59.09% | -46.75% | -49.16% | 12.35% | -66.83% | -45.48% | 9.17% | 19.12% | 237.29% | 604.55% | 1182.35% |
| EPS (Basic) | 0.51 | -0.66 | 0.53 | 0.43 | 0.37 | 1.48 | 0.22 | 0.41 | 0.81 | 0.28 | 0.90 | 1.22 | 1.83 | 0.66 | 1.70 | 2.38 | 1.62 | 1.99 | 3.11 | 2.19 |
| Diluted Shares Outstanding | 1.98B | 1.98B | 2B | 2.02B | 2.05B | 2.11B | 2.11B | 2.11B | 2.53B | 2.11B | 1.76B | 1.76B | 1.76B | 1.85B | 1.78B | 1.8B | 1.8B | 1.79B | 2.38B | 1.8B |
| Basic Shares Outstanding | 1.97B | 1.98B | 1.99B | 2.01B | 2.03B | 2.1B | 2.1B | 2.1B | 2.52B | 2.1B | 1.75B | 1.75B | 1.75B | 1.85B | 1.77B | 1.79B | 1.79B | 1.79B | 2.36B | 1.79B |
| Dividend Payout Ratio | 18.67% | - | 23% | 30.45% | 27.04% | 203.58% | 18.68% | 68.29% | 8.55% | 143.31% | 47.46% | 36.15% | 10.36% | 288.46% | 39.77% | 20.32% | 11.64% | 93.83% | 16.56% | 17.75% |