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General information

Country: BRAZIL

Sector: Steel

Gerdau S.A. provides steel products and services in the United States and Canada. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company 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 construction and manufacturing industries; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps. It 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 others markets. In addition, the company 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 its retail network. The company was founded in 1901 and is headquartered in Sao Paulo, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.
Website: www2.gerdau.com


  • Good financial results growth rate 200.0% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (11.4%)
  • Dividend yield for the last twelve months 2.5%
  • Free cash flow yield 8.5% (LTM)
  • Share price is 88.3% higher than minimum and 30.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.3x vs 5.1x)
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: GGB
Share price, USD:  (0.0%)4.33
year average price 3.14  


year start price 2.99 2025-01-30

min close price 2.30 2025-04-08

max close price 4.42 2026-01-23

current price 4.33 2026-01-29
Common stocks: 2 099 426 960

Dividend Yield:  2.5%
FCF Yield LTM: 8.5%
EV / LTM EBITDA: 3.3x
EV / EBITDA annualized: 1.5x
Last revenue growth (y/y):  +200.0%
Last growth of EBITDA (y/y):  +200.0%
Historical revenue growth:  +22.8%
Historical growth of EBITDA:  +0.1%
EV / Sales: 0.5x
Margin (EBITDA LTM / Revenue): 14.3%

Target EV / EBITDA (hist percentile): 5.1x
Express share price potential:
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 9 091
Net Debt ($m): 1 344
EV (Enterprise Value): 10 435
EBITDA LTM (млн $): 3 138
EV / LTM EBITDA: 3.3x
Price to Book: 0.9x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / EBITDA

Potential dynamics

News


2026-01-23fool.com

Steel Stock Up 47% in a Year and This Fund Just Walked Away From a $6.5 Million Position

2025-10-30prnewswire.com

GERDAU S.A. - CONSOLIDATED INFORMATION

2025-10-01seekingalpha.com

Gerdau S.A. (GGB) Analyst/Investor Day Transcript

2025-08-11seekingalpha.com

Gerdau: A More Bullish Outlook Ahead Of H2

2025-06-09prnewswire.com

Announcement by Gerdau S.A. of Results of Cash Tender Offer for Any and All Outstanding 4.875% Notes due 2027 issued by Gerdau Trade Inc.

2025-06-09prnewswire.com

Announcement by Gerdau S.A. of Consideration for Cash Tender Offer for Any and All Outstanding 4.875% Notes due 2027 issued by Gerdau Trade Inc.

2025-06-03prnewswire.com

Announcement of Offer to Purchase for Cash Any and All of the Outstanding 4.875% Notes due 2027 issued by Gerdau Trade Inc.

2025-04-30seekingalpha.com

Gerdau Q1 Earnings: Upside Is Interesting, But There Are No Triggers

2025-04-29seekingalpha.com

Gerdau S.A. (GGB) Q1 2025 Earnings Call Transcript

2025-04-28prnewswire.com

GERDAU S.A. - CONSOLIDATED INFORMATION
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31
symbol GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB
reportedCurrency BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2025-10-30 2025-07-31 2024-11-05 2024-07-31 2024-05-03 2023-11-06 2023-08-08 2023-05-03 2022-09-30 2022-06-30
acceptedDate 2025-10-30 17:17:38 2025-07-31 17:24:43 2025-03-14 16:08:52 2024-11-05 16:28:17 2024-07-31 17:24:11 2024-05-02 17:33:01 2023-12-30 19:00:00 2023-11-06 17:06:08 2023-08-08 17:21:20 2023-05-03 16:27:04 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00 2022-03-31 16:21:11 2021-04-21 16:34:58
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 FY FY
revenue 17 983M 17 526M 67 027M 17 378M 16 616M 16 210M 68 916M 17 063M 18 265M 18 872M 82 412M 21 149M 22 968M 78 345M 43 815M
costOfRevenue 15 841M 15 495M 57 823M 14 801M 14 429M 13 791M 57 584M 14 271M 14 987M 15 244M 63 661M 16 411M 17 065M 57 528M 37 884M
grossProfit 2 142M 2 031M 9 203M 2 577M 2 187M 2 420M 11 332M 2 793M 3 278M 3 629M 18 751M 4 738M 5 904M 20 817M 5 931M
grossProfitRatio 0.119 0.116 0.148 0.132 0.149 0.164 0.179 0.192 0.224 0.257
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0 0 155M 0 0 178M 188M
generalAndAdministrativeExpenses 316M 352M 1 404M 355M 344M 318M 1 491M 355M 388M 364M 1 455M 371M 338M 1 390M 1 017M
sellingAndMarketingExpenses 196M 205M 763M 194M 186M 183M 716M 184M 174M 174M 733M 184M 178M 716M 513M
sellingGeneralAndAdministrativeExpenses 512M 557M 2 167M 549M 531M 521M 2 208M 539M 562M 538M 2 188M 555M 516M 2 106M 1 530M
otherExpenses -29M 12M 693M -93M 41M 0 0 0 -300M -852M -36M 8M -18M -1 308M -1 118M
operatingExpenses 483M 569M 2 859M 455M 535M 521M 2 218M 587M 631M -314M 2 151M 563M 498M 797M 413M
costAndExpenses 16 324M 16 064M 60 683M 15 257M 14 964M 14 312M 59 633M 14 857M 15 618M 14 929M 65 813M 16 974M 17 563M 58 325M 38 297M
interestIncome 106M 76M 373M 90M 110M 63M 181M 80M 102M 63M 117M 54M 72M 46M 21M
interestExpense 358M 314M 797M 212M 181M 158M 168M 209M 218M 204M 187M 283M 274M 196M 198M
depreciationAndAmortization 938M 937M 3 126M 796M 771M 726M 3 047M 789M 752M 915M 2 867M 680M 701M 2 659M 2 499M
ebitda 2 732M 2 402M 9 387M 2 807M 1 975M 2 624M 13 234M 3 103M 3 298M 5 208M 19 690M 5 142M 6 389M 23 991M 8 364M
ebitdaratio 0.152 0.137 0.162 0.119 0.162 0.182 0.181 0.276 0.243 0.278
operatingIncome 1 659M 1 462M 6 344M 2 121M 1 615M 1 899M 9 023M 2 314M 2 885M 4 292M 17 367M 4 463M 5 406M 22 060M 5 865M
operatingIncomeRatio 0.092 0.083 0.122 0.097 0.117 0.136 0.158 0.227 0.211 0.235
totalOtherIncomeExpensesNet -223M -311M -880M -323M -592M 299M 324M -17M 69M -50M -1 508M -530M 24M -1 788M -2 022M
incomeBeforeTax 1 436M 1 151M 5 464M 1 799M 1 023M 2 197M 9 347M 1 906M 2 462M 4 242M 15 859M 3 932M 5 430M 20 273M 3 496M
incomeBeforeTaxRatio 0.08 0.066 0.104 0.062 0.136 0.112 0.135 0.225 0.186 0.236
incomeTaxExpense 346M 286M 865M 442M 156M 224M 1 810M 314M 319M 1 027M 4 379M 910M 1 131M 4 714M 1 108M
netIncome 1 079M 856M 4 566M 1 347M 859M 2 044M 7 502M 1 582M 2 136M 3 206M 11 426M 3 011M 4 282M 15 494M 2 366M
netIncomeRatio 0.06 0.049 0.078 0.052 0.126 0.093 0.117 0.17 0.142 0.186
eps 0.54 0.43 2.18 0.22 0.41 0.81 3.55 0.9 1.22 1.83 6.22 1.7 2.51 8.69 1.34
epsdiluted 0.54 0.42 0.22 0.41 0.81 0.9 1.21 1.82 1.7 2.5
weightedAverageShsOut 1 992M 2 010M 2 090M 2 099M 2 104M 2 522M 2 112M 1 749M 1 749M 1 748M 1 837M 1 769M 1 704M 1 790M 1 786M
weightedAverageShsOutDil 2 000M 2 018M 2 099M 2 107M 2 113M 2 533M 2 112M 1 760M 1 760M 1 760M 1 847M 1 778M 1 713M 1 791M 1 786M
link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link
filingDate 2025-03-14 2023-12-31 2022-12-31 2022-03-31 2021-04-21
fiscalYear 2024 2023 2022 2021 2020
netInterestIncome -424M 13M -69M -150M -177M
ebit 6 261M 10 187M 16 824M 21 332M 4 518M
nonOperatingIncomeExcludingInterest 83M -1 164M 543M 728M 1 000M
netIncomeFromContinuingOperations 4 599M 7 537M 11 480M 15 559M 2 388M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome 0 0 0 0 0
netIncomeDeductions 0 0 0 0 -742 000
bottomLineNetIncome 4 566M 7 502M 11 426M 15 494M 2 367M
epsDiluted 2.18 3.55 6.19 8.69 1.34

Balance Sheet Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31
symbol GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB
reportedCurrency BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2025-10-30 2025-07-31 2024-11-05 2024-07-31 2024-05-03 2023-11-06 2023-08-08 2023-05-03 2022-09-30 2022-06-30
acceptedDate 2025-10-30 17:17:38 2025-07-31 17:24:43 2025-03-14 16:08:52 2024-11-05 16:28:17 2024-07-31 17:24:11 2024-05-02 17:33:01 2023-12-30 19:00:00 2023-11-06 17:06:08 2023-08-08 17:21:20 2023-05-03 16:27:04 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00 2022-03-31 16:21:11 2021-04-21 16:34:58
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 FY FY
cashAndCashEquivalents 9 390M 8 501M 7 768M 8 074M 4 889M 3 743M 3 006M 2 915M 2 556M 2 582M 2 476M 6 186M 5 777M 4 161M 4 617M
shortTermInvestments 484M 473M 509M 758M 1 750M 2 198M 2 338M 3 088M 1 629M 3 243M 2 959M 2 404M 1 978M 2 626M 3 041M
cashAndShortTermInvestments 9 874M 8 974M 8 277M 8 832M 6 639M 5 941M 5 344M 6 003M 4 185M 5 825M 5 435M 8 590M 7 755M 6 787M 7 658M
netReceivables 7 538M 7 581M 7 245M 7 307M 7 828M 7 182M 4 875M 8 336M 8 339M 8 687M 4 999M 9 364M 9 716M 5 414M 5 990M
inventory 15 272M 16 042M 16 505M 15 914M 16 547M 16 043M 15 228M 15 815M 16 981M 17 184M 17 818M 18 812M 18 464M 16 861M 9 169M
otherCurrentAssets 716M 710M 643M 765M 814M 576M 1 754M 726M 811M 723M 793M 770M 800M 682M 592M
totalCurrentAssets 33 400M 33 307M 32 669M 32 818M 31 828M 29 743M 29 198M 30 892M 30 316M 32 420M 31 257M 37 558M 36 735M 32 640M 23 409M
propertyPlantEquipmentNet 32 270M 32 098M 30 760M 27 423M 26 680M 24 957M 24 063M 23 292M 22 063M 21 616M 21 384M 20 613M 19 842M 19 604M 18 068M
goodwill 11 956M 12 260M 13 853M 12 132M 12 369M 11 156M 10 825M 11 181M 10 777M 11 338M 11 085M 12 040M 11 685M 12 428M 12 104M
intangibleAssets 712M 414M 401M 390M 394M 364M 374M 420M 433M 455M 415M 437M 436M 510M 623M
goodwillAndIntangibleAssets 12 668M 12 674M 14 254M 12 522M 12 763M 11 520M 11 199M 11 601M 11 210M 11 793M 11 500M 12 477M 12 121M 12 937M 12 726M
longTermInvestments 4 046M 3 956M 4 222M 4 197M 6 372M 6 164M 5 923M 5 002M 4 721M 4 613M 3 897M 4 202M 3 926M 3 341M 2 272M
taxAssets 2 356M 2 294M 2 428M 2 253M 2 451M 2 270M 2 219M 2 017M 1 951M 1 802M 2 164M 2 252M 2 514M 2 929M 3 393M
otherNonCurrentAssets 2 517M 2 525M 2 481M 2 638M 2 304M 2 307M 2 283M 3 606M 3 534M 3 502M 3 597M 2 671M 2 519M 2 363M 3 254M
totalNonCurrentAssets 53 856M 53 547M 54 145M 49 033M 50 571M 47 219M 45 687M 45 519M 43 479M 43 327M 42 541M 42 215M 40 921M 41 174M 39 714M
otherAssets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
totalAssets 87 256M 86 854M 86 814M 81 851M 82 399M 76 961M 74 885M 76 410M 73 795M 75 747M 73 799M 79 772M 77 657M 73 815M 63 123M
accountPayables 5 498M 5 567M 5 718M 5 656M 5 934M 6 080M 5 901M 5 696M 6 209M 6 854M 6 619M 9 109M 9 395M 8 017M 5 438M
shortTermDebt 3 697M 2 964M 735M 2 235M 2 125M 2 107M 1 798M 1 727M 1 323M 3 258M 3 121M 4 154M 3 815M 1 766M 1 432M
taxPayables 588M 491M 758M 627M 140M 148M 503M 666M 609M 1 257M 892M 1 100M 1 296M 1 411M 1 410M
deferredRevenue 0 0 0 0 0 148M 503M 1 687M 1 502M 0 0 0 0 2 842M 2 638M
otherCurrentLiabilities 2 570M 2 500M 2 291M 2 507M 3 049M 2 308M 196M 1 424M 1 277M 2 920M 1 498M 3 404M 2 022M 1 368M 1 869M
totalCurrentLiabilities 12 353M 11 522M 10 851M 11 026M 11 247M 10 642M 11 285M 10 534M 10 311M 13 031M 13 463M 16 667M 16 528M 14 037M 11 482M
longTermDebt 16 292M 16 556M 12 901M 11 593M 11 806M 9 330M 9 096M 11 143M 10 608M 10 129M 9 511M 9 740M 9 620M 12 298M 16 107M
deferredRevenueNonCurrent 0 0 0 0 0 913M 0 1 042M 1 029M 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 2 635M 2 352M 2 492M 2 338M 11M 75M 0 2 397M 2 232M 2 172M 2 122M 1 965M 1 913M 1 840M 1 234M
otherNonCurrentLiabilities 1 237M 1 300M 1 546M 1 379M 3 994M 3 891M 4 362M 507M 459M 1 613M 1 650M 463M 2 078M 2 181M 2 590M
totalNonCurrentLiabilities 20 164M 20 208M 17 789M 15 309M 15 810M 14 208M 14 362M 15 089M 14 328M 13 913M 14 038M 13 726M 13 611M 16 962M 20 556M
otherLiabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 1 345M 1 429M 1 281M 1 295M 1 349M 913M 1 278M 1 366M 1 211M 1 101M 1 031M 1 008M 964M 918M 856M
totalLiabilities 32 518M 31 730M 28 641M 26 335M 27 057M 24 850M 25 646M 25 623M 24 638M 26 944M 27 500M 30 394M 30 138M 30 999M 32 038M
preferredStock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
commonStock 24 273M 24 273M 24 273M 24 273M 24 273M 20 215M 20 215M 20 215M 20 215M 20 215M 19 249M 19 249M 19 249M 19 249M 19 249M
retainedEarnings 22 914M 23 143M 24 238M 25 090M 23 997M 2 044M 25 915M 26 159M 25 329M 24 085M 22 173M 25 566M 23 754M 17 838M 7 292M
accumulatedOtherComprehensiveIncomeLoss 10 806M 10 977M 13 076M 9 274M 9 862M 29 759M 5 984M 7 283M 6 492M 7 378M 7 779M 8 344M 7 707M 8 540M 7 419M
othertotalStockholdersEquity -3 454M -3 470M -3 343M -3 002M -98M -3 056M -3 060M -3 061M -3 971M -3 378M
totalStockholdersEquity 54 539M 54 923M 57 949M 55 295M 55 130M 51 919M 49 059M 50 601M 48 977M 48 618M 46 116M 49 188M 47 333M 42 604M 30 860M
totalEquity 54 738M 55 124M 58 174M 55 516M 55 342M 52 111M 49 239M 50 788M 49 157M 48 802M 46 298M 49 188M 47 333M 42 816M 31 085M
totalLiabilitiesAndStockholdersEquity 87 256M 86 854M 81 851M 82 399M 76 961M 76 410M 73 795M 75 747M 79 772M 77 472M
minorityInterest 199M 201M 225M 221M 212M 192M 180M 187M 180M 184M 182M 0 0 211M 225M
totalLiabilitiesAndTotalEquity 87 256M 86 854M 86 814M 81 851M 82 399M 76 961M 74 885M 76 410M 73 795M 75 747M 73 799M 79 772M 77 472M 73 815M 63 123M
totalInvestments 4 530M 4 429M 4 731M 4 955M 8 122M 8 362M 8 261M 8 090M 6 350M 7 857M 6 856M 6 607M 5 904M 5 967M 5 313M
totalDebt 19 989M 19 519M 14 917M 13 828M 13 930M 12 349M 12 171M 12 869M 11 931M 13 386M 13 663M 13 894M 13 435M 14 983M 18 395M
netDebt 10 600M 11 018M 7 149M 5 754M 9 041M 8 606M 9 165M 9 955M 9 375M 10 805M 11 187M 7 709M 7 658M 10 822M 13 777M
link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link
filingDate 2025-03-14 2023-12-31 2022-12-31 2022-03-31 2021-04-21
fiscalYear 2024 2023 2022 2021 2020
accountsReceivables 5 177M 4 875M 4 999M 5 414M 3 737M
otherReceivables 2 068M 0 5M 8M 2 253M
prepaids 0 1 997M 2 213M 2 896M 0
totalPayables 6 476M 6 917M 7 511M 9 428M 7 359M
otherPayables 758M 1 016M 892M 1 411M 1 921M
accruedExpenses 919M 1 498M 1 056M 1 199M 592M
capitalLeaseObligationsCurrent 431M 373M 276M 275M 232M
capitalLeaseObligationsNonCurrent 850M 904M 755M 643M 625M
treasuryStock -734M -150M -180M -152M -229M
additionalPaidInCapital 0 0 0 0 0
otherTotalStockholdersEquity -2 905M -2 905M -2 905M -2 871M -2 871M

Cash Flow Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31
symbol GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB GGB
reportedCurrency BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL BRL
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2025-10-30 2025-07-31 2024-11-05 2024-07-31 2024-05-03 2023-11-06 2023-08-08 2023-05-03 2022-09-30 2022-06-30
acceptedDate 2025-10-30 17:17:38 2025-07-31 17:24:43 2025-03-14 16:08:52 2024-11-05 16:28:17 2024-07-31 17:24:11 2024-05-02 17:33:01 2023-12-30 19:00:00 2023-11-06 17:06:08 2023-08-08 17:21:20 2023-05-03 16:27:04 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00 2022-03-31 16:21:11 2021-04-21 16:34:58
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 FY FY
netIncome 1 090M 864M 4 599M 1 356M 867M 2 044M 7 502M 1 592M 2 143M 3 215M 11 480M 3 022M 4 298M 15 559M 2 388M
depreciationAndAmortization 938M 937M 3 126M 796M 771M 726M 3 047M 789M 752M 715M 2 867M 738M 701M 2 659M 2 499M
deferredIncomeTax 375M 231M 974M 471M 109M -126M 872M 346M 383M -26M 4 674M 957M 1 201M 3 657M 226M
stockBasedCompensation 0 0 0 0 0 35M 0 42M -1 179M 0 105M 0 0 65M 63M
changeInWorkingCapital 407M -420M 1 374M 2 043M -28M -1 390M 114M 1 017M -566M -1 493M -4 538M -291M -1 299M -6 811M 611M
accountsReceivables -121M 251M 2 431M 1 848M -8M -527M -295M -52M 172M -1 127M 291M 709M -14M -1 614M -528M
inventory 496M 170M 542M 485M 342M -619M 1 305M 1 159M -313M 312M -2 039M -365M -1 478M -7 704M -428M
accountsPayables -72M -712M -1 193M -250M -593M 68M -355M -606M -428M 259M -996M -451M 715M 2 534M 1 015M
otherWorkingCapital 105M -129M -407M -40M 232M -313M -541M 516M 2M -938M -1 794M -183M 0 -27M 552M
otherNonCashItems 116M -598M 1 308M 1 161M -294M 1 883M -396M -1 405M 1 684M -447M -3 437M -1 177M -1 045M 1 631M 1 615M
netCashProvidedByOperatingActivities 2 925M 1 014M 11 381M 5 828M 1 425M 607M 11 139M 2 345M 3 217M 1 964M 11 150M 3 248M 3 857M 12 517M 6 408M
investmentsInPropertyPlantAndEquipment -1 713M -1 659M -5 778M -1 658M -1 171M -1 110M -5 209M -1 517M -1 261M -982M -4 481M -1 110M -959M -3 192M -1 805M
acquisitionsNet -3M -240M -648M -36M -33M 1 472M 0 4M 47M -97M -27M 0 0 114M -485M
purchasesOfInvestments 0 0 0 0 0 0 0 0 -47M 0 0 0 0 -3 010M -3 224M
salesMaturitiesOfInvestments 0 0 0 0 0 0 0 0 47M 0 0 0 0 3 678M 3 986M
otherInvestingActivites -14M -25M -22M -54M 1 446M -28M 1M 5M -25M -16M
netCashUsedForInvestingActivites -1 730M -1 924M -1 715M -1 258M 363M -1 514M -1 212M -1 073M -1 135M -975M
debtRepayment 358M 3 924M -237M 672M -235M -483M -2 013M -506M -269M -1 375M
commonStockIssued 0 0 0 0 0 0 0 0 0 0
commonStockRepurchased -213M -492M -1 195M 0 0 0 0 0 0 0 -1 073M -604M 0 0 0
dividendsPaid -248M -261M -252M -587M -175M -751M -772M -332M -1 197M -870M
otherFinancingActivites 0 0 -350M 0 183 000 702M 839M 118M 141M -344M
netCashUsedProvidedByFinancingActivities -103M 3 172M -838M 85M -516M -532M -1 946M -719M -1 929M -2 589M
effectOfForexChangesOnCash -203M -241M 1 102M -90M 383M 60M -711M 59M -84M -65M -119M 225M 588M 5M 291M
netChangeInCash 889M 2 021M 4 762M 3 185M 1 146M 737M 530M 358M -26M 106M -1 685M 409M 882M -457M 1 976M
cashAtEndOfPeriod 9 390M 8 501M 7 768M 8 074M 4 889M 3 743M 3 006M 2 915M 2 556M 2 582M 2 476M 6 186M 5 777M 4 161M 4 617M
cashAtBeginningOfPeriod 8 501M 6 480M 3 006M 4 889M 3 743M 3 006M 2 476M 2 556M 2 582M 2 476M 4 161M 5 777M 4 895M 4 617M 2 642M
operatingCashFlow 2 925M 1 014M 11 381M 5 828M 1 425M 607M 11 139M 2 345M 3 217M 1 964M 11 150M 3 248M 3 857M 12 517M 6 408M
capitalExpenditure -1 763M -1 700M -5 946M -1 700M -1 226M -1 110M -5 336M -1 517M -1 261M -982M -4 481M -1 110M -997M -3 192M -1 805M
freeCashFlow 1 162M -686M 5 435M 4 128M 200M -503M 5 802M 828M 1 956M 982M 6 669M 2 139M 2 860M 9 325M 4 603M
link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link
filingDate 2025-03-14 2023-12-31 2022-12-31 2022-03-31 2021-04-21
fiscalYear 2024 2023 2022 2021 2020
otherInvestingActivities 1 392M -564M 48M -585M -701M
netCashProvidedByInvestingActivities -5 034M -5 773M -4 460M -2 996M -2 229M
netDebtIssuance 164M -1 442M -1 245M -4 643M -2 219M
longTermNetDebtIssuance 164M -1 442M -1 245M -4 643M -2 219M
shortTermNetDebtIssuance 0 0 0 0 0
netStockIssuance -1 195M 0 -1 073M 0 0
netCommonStockIssuance -1 195M 0 -1 073M 0 0
commonStockIssuance 0 0 0 0 0
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid -1 656M -2 683M -5 892M -5 339M -275M
commonDividendsPaid -1 656M -2 683M -5 892M -5 339M -275M
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities 0 0 -46M 0 0
netCashProvidedByFinancingActivities -2 687M -4 125M -8 256M -9 983M -2 494M
incomeTaxesPaid 0 0 0 0 0
interestPaid 0 0 0 0 0

Earning call transcript

2025 q2
2025-08-01 ET (fiscal 2025 q2)
2025 q1
2025-04-29 ET (fiscal 2025 q1)
2024 q4
2025-02-20 ET (fiscal 2024 q4)
2024 q3
2024-11-07 ET (fiscal 2024 q3)
2024 q2
2024-08-01 ET (fiscal 2024 q2)
2024 q1
2024-05-03 ET (fiscal 2024 q1)
2023 q4
2024-02-21 ET (fiscal 2023 q4)
2023 q3
2023-11-07 ET (fiscal 2023 q3)
2023 q2
2023-08-10 ET (fiscal 2023 q2)
2023 q1
2023-05-03 ET (fiscal 2023 q1)
2022 q4
2023-03-01 ET (fiscal 2022 q4)
2022 q3
2022-11-09 ET (fiscal 2022 q3)
2022 q2
2022-08-03 ET (fiscal 2022 q2)
2022 q1
2022-05-05 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 6
2025-12-19 16:08 ET
Gerdau published news for 2025 q3
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2025-12-19 16:08 ET
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2025-12-02 22:22 ET
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2025-12-02 22:22 ET
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2025-10-31 17:07 ET
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2025-10-31 17:07 ET
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2025-10-31 17:07 ET
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2025-10-30 21:17 ET
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2025-10-30 21:17 ET
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2025-10-30 21:14 ET
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2025-10-30 21:14 ET
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2025-10-01 12:57 ET
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2025-10-01 12:57 ET
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2025-10-01 12:57 ET
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2025-10-01 12:57 ET
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2025-08-01 16:01 ET
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2025-08-01 16:01 ET
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2025-08-01 16:01 ET
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2025-07-31 21:24 ET
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2025-07-31 21:24 ET
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2025-06-09 19:56 ET
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2025-06-09 17:42 ET
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2025-06-09 17:42 ET
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2025-06-09 17:42 ET
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2025-06-09 17:42 ET
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2025-06-09 17:42 ET
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2025-06-09 17:42 ET
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2025-06-05 11:00 ET
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2025-06-03 13:25 ET
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2025-06-03 12:03 ET
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2025-06-03 12:03 ET
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2025-05-14 17:35 ET
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2025-05-14 17:35 ET
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2025-04-30 16:32 ET
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2025-04-30 16:32 ET
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2025-04-29 20:51 ET
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2025-04-29 20:51 ET
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2025-04-29 20:51 ET
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2025-04-29 20:51 ET
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2025-04-29 20:51 ET
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2025-04-29 20:51 ET
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2025-04-29 20:51 ET
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2025-04-28 23:00 ET
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2025-04-28 23:00 ET
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2023-11-06 17:06 ET
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2022-05-05 16:34 ET
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2022-02-23 17:08 ET
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