Gerdau S.A.
NYSE:GGB · New York Stock Exchange
-$0.13 today
Vol 30.76M · Avg 19.18M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:GGB · Revenue to Net Income
Key Ratios
Analysis
$69.2B of revenue converted into $1.6B of net income for the selected period. Gross margin is 12.0% and net margin is 2.3%, showing how much revenue survives after costs and taxes. EPS is $0.80, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $69.9B +4.2% | $67.0B -2.7% | $68.9B -16.4% | $82.4B +5.2% | $78.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $61.9B +7.0% | $57.8B +0.4% | $57.6B -9.5% | $63.7B +10.7% | $57.5B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $8.0B -13.4% | $9.2B -18.8% | $11.3B -39.6% | $18.8B -9.9% | $20.8B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 11.4% -2.3pp | 13.7% -2.7pp | 16.4% -6.3pp | 22.8% -3.8pp | 26.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $2.1B -2.1% | $2.2B -1.9% | $2.2B +0.9% | $2.2B +3.9% | $2.1B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.4B -15.4% | $2.8B +63.4% | $1.7B -20.6% | $2.2B +169.8% | $797.5M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $3.7B +17.8% | $3.1B +2.6% | $3.0B +6.3% | $2.9B +7.8% | $2.7B | $374.2M | $1.2B | $631.8M |
| EBITDA | $7.6B -19.4% | $9.4B -29.1% | $13.2B -32.8% | $19.7B -17.9% | $24.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 10.8% -3.2pp | 14.0% -5.2pp | 19.2% -4.7pp | 23.9% -6.7pp | 30.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $5.6B -12.6% | $6.4B -33.4% | $9.6B -42.0% | $16.6B -17.1% | $20.0B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 8.0% -1.5pp | 9.6% -4.4pp | 14.0% -6.2pp | 20.1% -5.4pp | 25.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $51.8M -86.1% | $372.7M +106.1% | $180.8M +54.0% | $117.4M +154.4% | $46.1M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $242.9M -69.5% | $796.9M +373.8% | $168.2M -10.0% | $186.8M -4.9% | $196.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$3.1B -224.5% | -$950.3M -241.2% | -$278.5M +62.4% | -$740.6M -393.1% | $252.7M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $2.5B -53.8% | $5.5B -41.5% | $9.3B -41.1% | $15.9B -21.8% | $20.3B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 3.6% -4.5pp | 8.2% -5.4pp | 13.6% -5.7pp | 19.2% -6.6pp | 25.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $1.1B +27.9% | $864.7M -52.2% | $1.8B -58.7% | $4.4B -7.1% | $4.7B | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.4B -69.6% | $4.6B -39.1% | $7.5B -34.3% | $11.4B -26.3% | $15.5B | $4.9B | $4.8B | $4.7B |
| Net Margin | 2.0% -4.8pp | 6.8% -4.1pp | 10.9% -3.0pp | 13.9% -5.9pp | 19.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -68.3% | $2 -38.6% | $4 -42.9% | $6 -28.4% | $9 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -68.3% | $2 -38.6% | $4 -42.6% | $6 -28.8% | $9 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $2.0B -4.1% | $2.1B -1.0% | $2.1B +15.0% | $1.8B +2.6% | $1.8B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $2.0B -4.1% | $2.1B -0.6% | $2.1B +14.4% | $1.8B +3.1% | $1.8B | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Hudbay Minerals Inc.
NYSE:HBM
$11.19B
Element Solutions Inc
NYSE:ESI
$11.02B
IAMGOLD Corporation
NYSE:IAG
$10.16B
Ternium S.A.
NYSE:TX
$9.32B
Eastman Chemical Company
NYSE:EMN
$8.25B
Commercial Metals Company
NYSE:CMC
$8.12B
Axalta Coating Systems Ltd.
NYSE:AXTA
$7.28B
Cleveland-Cliffs Inc.
NYSE:CLF
$7.23B
NewMarket Corporation
NYSE:NEU
$7.02B
Eagle Materials Inc.
NYSE:EXP
$6.59B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GGB generate?
Gerdau S.A. (GGB) reported $69.86B of revenue in fiscal 2025.
Is GGB profitable?
Gerdau S.A. (GGB) reported $1.39B of net income, with a net margin of 2.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.