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    Steel
Metalurgica Gerdau S.A.

Metalurgica Gerdau S.A.

GOAU4.SA
Metalurgica Gerdau S.A.BR flagB3 S.A.
10.53
BRL
-NaN
- -
10.46BMarket Cap
Metalurgica Gerdau S.A.
GOAU4.SA
(B3 S.A.)

Recent

price

10.53

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
58.84
65.34
70.09
73.56
78.52
67.63
31
28.5
35.43
29.02
30.4
54.31
58.13
50.05
49.36
52.73
26.04
Revenue per Share
4.02
1.4
0.84
0.93
0.37
-3.61
-1.13
-0.16
0.61
0.31
0.61
3.51
2.64
1.86
1.14
0.36
-0.12
Basic EPS, GAAP
5.17
-0.72
1.82
2.21
0.25
6.72
1.6
0.88
0.6
-0.18
3.31
9.03
7.61
4.73
4.23
0.85
3.07
Free Cash Flow per Basic Share
1.91
1
0.91
0.71
0.75
0.41
0.04
0.07
0.44
0.33
0.19
4.27
3.68
2.47
1.15
0.94
0.62
Dividend per Share
39.71
24.22
12.7
12.7
12.7
12.04
6.5
6.14
6.11
6.01
5.7
5.69
5.79
5.96
6.04
8.27
- -
Book Value per Share
20.27
25.89
28.29
31.79
31.46
20.97
10.34
11.18
11.84
12.51
13.81
21.27
24.86
27.87
32.4
31.08
- -
Tangible Book Value per Share
534
542
542
542
542
644
1,215
1,296
1,303
1,366
1,441
1,443
1,418
1,377
1,358
1,325
1,325
Basic Weighted Avg Shares
31,393
35,407
37,982
39,863
42,546
43,581
37,652
36,918
46,159
39,644
43,815
78,345
82,412
68,916
67,027
69,859
34,500
Sales/Revenue/Turnover
10.41
7.92
6.09
6.68
5.81
4.09
3.57
5.51
9.59
8.1
12.58
24.48
20.07
14.29
9.45
8.03
7.72
Operating Margin (%)
1,893
1,772
1,828
2,030
2,227
2,608
2,536
2,093
1,892
2,074
2,499
2,659
2,867
3,047
3,126
3,684
1,872
Depreciation Expense
2,142
761
457
505
202
-2,329
-1,378
-203
799
425
873
5,063
3,745
2,560
1,545
476
-164
Net Income, GAAP
16.96
9.19
1.34
- -
0.39
- -
- -
- -
- -
27.67
31.73
23.35
27.78
19.49
15.84
43.89
5,778.08
Effective Tax Rate (%)
6.82
2.15
1.2
1.27
0.48
-5.34
-3.66
-0.55
1.73
1.07
1.99
6.46
4.54
3.72
2.3
0.68
-0.47
Profit Margin (%)
7,924
10,562
7,298
10,903
12,228
13,974
8,869
10,302
8,407
10,850
13,449
19,387
18,726
18,236
21,897
18,777
- -
Working Capital
12,360
13,223
12,074
16,107
18,650
25,062
16,903
15,201
13,083
15,089
16,731
12,941
10,266
10,025
13,751
14,243
- -
LT Debt
20,148
24,551
26,818
30,170
31,241
30,472
23,354
23,342
25,372
27,227
32,624
43,623
47,289
49,573
58,254
53,859
- -
Total Equity
7.56
6.82
5.49
- -
4.83
- -
- -
- -
- -
5.4
7.7
26.03
19.67
12.76
7.82
4.38
-414.84
Return on Invested Capital (%)
7.43
1.11
1.34
- -
1.34
- -
- -
- -
- -
0.84
0.13
-9.18
-6.25
-3.38
-1.48
0.41
-121.45
Return on Capital (%)
10.43
4.43
4.57
7.34
2.94
-31.81
-17.6
-2.56
10.04
5.26
10.63
61.68
45.62
31.19
18.82
4.97
-3.86
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,328
- -
LT Borrowings
- -
13,240
- -
LT Finance Leases
- -
1,003
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,325
1,325
- -
Market Capitalization
9,476
11,940
11,315

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
28,675
- -
Cash, Cash Equivalents & STI
- -
6,404
- -
Accounts Receivable, Net
- -
4,811
- -
Inventories
- -
14,731
- -
Total Current Liabilities
- -
9,897
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,328
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.93%
11.38%
-7.54%
Free Cash Flow
-228%
4.79%
-80.31%
Net Income, GAAP
-24.7%
62.71%
-69.16%
Sales/Revenue/Turnover
7.5%
13.82%
4.22%
Total Cash Common Dividend
243.87%
397.09%
-20.44%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,210
16,616
17,378
16,823
67,027
2025
17,375
17,526
- -
16,974
69,859
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.5
0.21
0.34
- -
1.14
2025
0.19
0.23
- -
-0.35
0.36
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.43
0.18
- -
1.15
2025
0.14
0.19
- -
0.43
0.94
2026
- -
- -
- -
- -
- -
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Business
Metalurgica Gerdau S.A. manufactures and sells a broad range of long and special steel products; including rebars, bars, profiles, drawn products, billets, blocks, plates, wire rod, structural profiles, heavy and light structural profiles, stainless steel, square, round, and flat bars; as well as flat steels and iron ore. The company operates mini mills, integrated mills, and direct reduced iron plants, with 71% of its steel production derived from recycled scrap, serving the construction, infrastructure, automotive, industrial machinery, agricultural, energy, and distribution sectors. Founded in 1901 by Johann Gerdau in Porto Alegre, Brazil, and renamed Metalurgica Gerdau S.A. in 1969, it maintains headquarters in São Paulo, Brazil, and conducts operations across the Americas, with 39% of sales in Brazil and 39% in North America as of 2023. Recent developments include the acquisition of Dales Recycling Partnership assets in September 2024 to bolster recycling capabilities; the completion of the sale of its 49.85% stake in Diaco S.A. joint venture in March 2024; an increase to 53.94% equity interest in Dona Francisca Energética S.A. in July 2024; and the acquisition of additional shares in Gerdau Summit Aços Fundidos e Forjados S.A. from Sumitomo Corporation and The Japan Steel Works Ltd. in February 2025. In 2025, the company advances strategic capital expenditures of R$11.9 billion through 2026, featuring expansions in North American rolling mills, a new melt shop in Whitby, coiled hot-rolled strip production in Ouro Branco starting in late 2024, a Texas EAF mill capacity increase planned for 2026, and sustainability initiatives such as the Newave Energia solar farm in Minas Gerais; while suspending certain Brazilian rolling mill expansions amid import pressures and reevaluating production routes for enhanced competitiveness. Metalurgica Gerdau S.A. functions as a subsidiary of Indac - Indústria, Administração e Comércio S.A. and trades under the ticker GOAU4.SA.