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Gerdau SA ADR (GGB) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

BASIC MATERIALS · STEEL · DATA UPDATED 2026-09-19

Gerdau SA ADR (GGB) operates in the STEEL industry and is headquartered in São Paulo, Brazil with about 30,000 employees. Its market capitalization is roughly $10 billion. In the fiscal year ended 2025-12-31, GGB reported BRL 69.9B in revenue and BRL 1.4B in net income.

Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South America Business segments. The company offers rebars, bars, wires, thick plates, hot rolled coils, billets, blooms, plates, wire rods, and structural profiles.

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GGB Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	BRL 69.2B	BRL 69.9B	BRL 67.0B	BRL 68.9B	BRL 82.4B	BRL 78.3B	BRL 43.8B	BRL 39.6B	BRL 46.2B	BRL 36.9B	BRL 37.7B	BRL 43.6B	BRL 42.5B	BRL 39.9B	BRL 38.0B	BRL 35.4B	BRL 31.4B	BRL 26.5B	BRL 41.9B	BRL 30.6B	BRL 25.3B
Gross Profit	BRL 8.3B	BRL 8.0B	BRL 9.2B	BRL 11.3B	BRL 18.8B	BRL 20.8B	BRL 5.9B	BRL 4.2B	BRL 6.1B	BRL 3.6B	BRL 3.5B	BRL 4.3B	BRL 5.1B	BRL 5.1B	BRL 4.7B	BRL 5.1B	BRL 5.5B	BRL 4.2B	BRL 10.9B	BRL 7.5B	BRL 6.5B
Gross Margin %	12.0%	11.4%	13.7%	16.4%	22.8%	26.6%	13.5%	10.6%	13.3%	9.8%	9.2%	9.8%	12.1%	12.9%	12.5%	14.4%	17.6%	16.0%	26.0%	24.4%	25.9%
Operating Income (EBIT)	BRL 6.0B	BRL 5.6B	BRL 6.4B	BRL 9.6B	BRL 16.6B	BRL 20.0B	BRL 5.9B	BRL 3.2B	BRL 4.0B	BRL 1.1B	(BRL 1.6B)	(BRL 3.2B)	BRL 2.9B	BRL 2.8B	BRL 2.3B	BRL 2.9B	BRL 3.6B	BRL 847M	BRL 8.0B	BRL 4.8B	BRL 4.5B
Operating Margin %	8.6%	8.0%	9.6%	14.0%	20.1%	25.6%	13.4%	8.0%	8.8%	3.0%	-4.3%	-7.4%	6.8%	6.9%	6.2%	8.1%	11.6%	3.2%	19.1%	15.7%	17.7%
Net Income	BRL 1.6B	BRL 1.4B	BRL 4.6B	BRL 7.5B	BRL 11.4B	BRL 15.5B	BRL 2.4B	BRL 1.2B	BRL 2.3B	(BRL 359M)	(BRL 2.9B)	(BRL 4.6B)	BRL 1.4B	BRL 1.6B	BRL 1.4B	BRL 2.0B	BRL 2.1B	BRL 1.1B	BRL 3.9B	BRL 3.5B	BRL 3.2B
Net Margin %	2.4%	2.0%	6.8%	10.9%	13.9%	19.8%	5.4%	3.0%	5.0%	-1.0%	-7.7%	-10.4%	3.3%	4.0%	3.8%	5.7%	6.8%	4.2%	9.4%	11.6%	12.8%
EBITDA	BRL 8.1B	BRL 7.6B	BRL 9.4B	BRL 13.2B	BRL 19.7B	BRL 24.0B	BRL 7.0B	BRL 4.7B	BRL 5.2B	BRL 3.4B	BRL 1.5B	(BRL 2.0B)	BRL 4.7B	BRL 4.4B	BRL 4.2B	BRL 5.0B	BRL 5.8B	BRL 4.1B	BRL 9.9B	BRL 7.8B	BRL 7.0B
Earnings Per Share (EPS)	BRL 0.81	BRL 0.69	BRL 2.18	BRL 3.55	BRL 6.19	BRL 8.65	BRL 1.32	BRL 0.67	BRL 1.29	BRL -0.20	BRL -1.61	BRL -2.57	BRL 0.78	BRL 0.89	BRL 0.80	BRL 1.16	BRL 1.43	BRL 0.75	BRL 2.83	BRL 2.53	BRL 2.29
Shares Outstanding (M)	1,984M	2,013M	2,099M	2,112M	1,847M	1,791M	1,786M	1,784M	1,781M	1,795M	1,794M	1,771M	1,790M	1,789M	1,785M	1,727M	1,497M	1,491M	1,392M	1,404M	1,409M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GGB Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	—	BRL 16.7B	BRL 17.0B	BRL 18.0B	BRL 17.5B	BRL 17.4B	BRL 16.8B	BRL 17.4B	BRL 16.6B
Gross Profit	—	BRL 2.3B	BRL 1.8B	BRL 2.1B	BRL 2.0B	BRL 1.9B	BRL 2.0B	BRL 2.6B	BRL 2.2B
Gross Margin %	—	13.7%	10.9%	11.9%	11.6%	11.2%	12.0%	14.8%	13.2%
Operating Income (EBIT)	BRL 2.3B	BRL 1.8B	BRL 1.2B	BRL 1.6B	BRL 1.5B	BRL 1.4B	BRL 915M	BRL 2.1B	BRL 1.6B
Operating Margin %	—	10.5%	7.1%	8.7%	8.3%	7.9%	5.4%	12.2%	9.7%
Net Income	BRL 1.5B	BRL 1.0B	(BRL 1.3B)	BRL 1.1B	BRL 856M	BRL 749M	BRL 316M	BRL 1.3B	BRL 859M
Net Margin %	—	6.0%	-7.6%	6.0%	4.9%	4.3%	1.9%	7.8%	5.2%
EBITDA	—	BRL 2.7B	BRL 221M	BRL 2.7B	BRL 2.4B	BRL 2.2B	BRL 1.4B	BRL 2.8B	BRL 2.0B
Earnings Per Share (EPS)	BRL 0.74	BRL 0.51	BRL -0.66	BRL 0.54	BRL 0.42	BRL 0.37	BRL 0.15	BRL 0.64	BRL 0.41
Shares Outstanding (M)	—	1,984M	1,975M	2,000M	2,018M	2,045M	2,107M	2,107M	2,113M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GGB Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	BRL 8.6B	BRL 8.0B	BRL 11.4B	BRL 11.1B	BRL 11.2B	BRL 12.5B	BRL 6.4B	BRL 1.6B	BRL 2.0B	BRL 2.1B	BRL 3.5B	BRL 7.2B	BRL 2.6B	BRL 4.1B	BRL 4.3B	BRL 1.7B	BRL 4.1B	BRL 6.4B	BRL 3.6B	BRL 6.4B	BRL 3.1B
Capital Expenditures (CapEx)	BRL 6.2B	BRL 6.9B	BRL 5.9B	BRL 5.3B	BRL 4.5B	BRL 3.2B	BRL 1.8B	BRL 1.8B	BRL 1.3B	BRL 911M	BRL 1.4B	BRL 2.5B	BRL 2.4B	BRL 2.8B	BRL 3.3B	BRL 2.1B	BRL 1.4B	BRL 1.4B	BRL 2.7B	BRL 2.8B	BRL 2.2B
Free Cash Flow (FCF)	BRL 2.4B	BRL 1.1B	BRL 5.4B	BRL 5.8B	BRL 6.7B	BRL 9.3B	BRL 4.6B	(BRL 204M)	BRL 737M	BRL 1.2B	BRL 2.1B	BRL 4.7B	BRL 162M	BRL 1.3B	BRL 1.1B	(BRL 393M)	BRL 2.8B	BRL 5.0B	BRL 894M	BRL 3.7B	BRL 890M
FCF Margin %	3.5%	1.6%	8.1%	8.4%	8.1%	11.9%	10.5%	-0.5%	1.6%	3.2%	5.7%	10.8%	0.4%	3.4%	2.8%	-1.1%	8.8%	18.7%	2.1%	12.0%	3.5%
Dividends Paid	BRL 1.3B	BRL 1.3B	BRL 1.7B	BRL 2.7B	BRL 5.9B	BRL 5.3B	BRL 275M	BRL 484M	BRL 599M	BRL 86M	BRL 86M	BRL 358M	BRL 455M	BRL 427M	BRL 523M	BRL 551M	BRL 1.0B	BRL 329M	BRL 1.6B	BRL 1.2B	BRL 950M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GGB Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	BRL 1.5B	BRL 3.1B	BRL 2.9B	BRL 1.0B	BRL 901M	BRL 2.8B	BRL 5.8B	BRL 1.9B
Capital Expenditures (CapEx)	BRL 1.2B	BRL 1.5B	BRL 1.8B	BRL 1.7B	BRL 1.9B	BRL 1.9B	BRL 1.7B	BRL 1.2B
Free Cash Flow (FCF)	BRL 304M	BRL 1.6B	BRL 1.2B	(BRL 686M)	(BRL 971M)	BRL 875M	BRL 4.1B	BRL 710M
FCF Margin %	1.8%	9.6%	6.5%	-3.9%	-5.6%	5.2%	23.8%	4.3%
Dividends Paid	BRL 187M	BRL 574M	BRL 248M	BRL 261M	BRL 203M	BRL 643M	BRL 252M	BRL 587M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

GGB Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	BRL 81.0B	BRL 81.7B	BRL 86.8B	BRL 74.9B	BRL 73.8B	BRL 73.8B	BRL 63.1B	BRL 54.0B	BRL 51.3B	BRL 50.3B	BRL 54.6B	BRL 70.1B	BRL 63.0B	BRL 58.2B	BRL 53.1B	BRL 50.0B	BRL 42.9B	BRL 44.6B	BRL 59.1B	BRL 41.6B	BRL 30.9B
Cash & Cash Equivalents	BRL 5.3B	BRL 5.9B	BRL 7.8B	BRL 3.0B	BRL 2.5B	BRL 4.2B	BRL 4.6B	BRL 2.6B	BRL 2.9B	BRL 2.6B	BRL 5.1B	BRL 5.6B	BRL 3.0B	BRL 2.1B	BRL 1.4B	BRL 1.5B	BRL 1.1B	BRL 2.1B	BRL 2.0B	BRL 2.0B	BRL 1.0B
Total Liabilities	BRL 28.1B	BRL 27.9B	BRL 28.6B	BRL 25.6B	BRL 27.5B	BRL 31.0B	BRL 32.0B	BRL 26.8B	BRL 25.3B	BRL 26.4B	BRL 30.4B	BRL 38.1B	BRL 29.8B	BRL 26.2B	BRL 24.3B	BRL 23.5B	BRL 22.7B	BRL 22.6B	BRL 34.0B	BRL 24.8B	BRL 20.4B
Total Debt (Short + Long-Term)	BRL 14.3B	BRL 14.6B	BRL 14.1B	BRL 11.3B	BRL 12.9B	BRL 14.3B	BRL 17.8B	BRL 16.3B	BRL 14.9B	BRL 16.5B	BRL 20.6B	BRL 26.5B	BRL 8.6B	BRL 8.1B	BRL 8.5B	BRL 8.2B	BRL 9.5B	BRL 8.9B	BRL 12.3B	BRL 10.1B	BRL 5.8B
Total Shareholders' Equity	BRL 52.8B	BRL 53.6B	BRL 57.9B	BRL 49.1B	BRL 46.1B	BRL 42.6B	BRL 31.1B	BRL 27.2B	BRL 25.9B	BRL 23.9B	BRL 24.3B	BRL 32.0B	BRL 32.2B	BRL 30.3B	BRL 27.2B	BRL 25.0B	BRL 19.5B	BRL 18.5B	BRL 25.0B	BRL 12.8B	BRL 10.5B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive GGB viewer.

GGB Metric Deep Dives

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