Cosan SA ADR
NYSE: CSAN · ENERGY · OIL & GAS REFINING & MARKETING
Updated 2026-06-05
Cosan SA ADR (CSAN) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $6.26B | $7.39B | $11.88B | $8.74B | $18.74B | $22.12B | $33.80B | $28.60B | $27.10B | $30.38B | $27.30B | $28.54B | $28.79B | $32.87B | $83.71B | $97.84B | $134.48B | $139.87B | $141.27B | $135.12B |
| Cash & equivalents | — | $65.84M | $719.36M | $630.73M | $1.25B | $1.62B | $2.49B | $1.47B | $1.54B | $3.13B | $3.99B | $3.15B | $2.70B | $6.08B | $13.64B | $16.17B | $13.30B | $14.67B | $16.90B | $27.24B |
| Current assets | $2.22B | $2.28B | $2.67B | $2.14B | $3.46B | $4.72B | $6.56B | $3.55B | $3.41B | $5.17B | $6.30B | $7.78B | $7.59B | $11.34B | $23.43B | $27.29B | $25.58B | $29.42B | $30.77B | $40.09B |
| Total liabilities | $4.59B | $4.05B | $8.18B | $5.27B | $11.96B | $12.51B | $20.40B | $15.08B | $14.65B | $17.85B | $16.51B | $18.24B | $17.87B | $21.80B | $62.89B | $68.97B | $86.32B | $88.88B | $101.87B | $104.11B |
| Current liabilities | $591.73M | $577.69M | $2.32B | $1.19B | $2.46B | $2.08B | $4.71B | $2.64B | $2.55B | $3.35B | $3.22B | $4.99B | $3.99B | $6.17B | $12.55B | $12.96B | $15.80B | $16.16B | $17.91B | $15.55B |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | $8.06B | $8.80B | $10.98B | $13.08B | $41.42B | $48.45B | $52.02B | $62.05B | $60.31B |
| Shareholder equity | $1.61B | $3.14B | $3.67B | $5.92B | $6.46B | $9.15B | $9.79B | $9.74B | $8.82B | $8.68B | $8.97B | $9.45B | $9.93B | $10.55B | $5.26B | $14.74B | $20.65B | $50.98B | $10.90B | $5.30B |
| Retained earnings | — | $-75.82M | $-193.07M | $281.24M | $537.47M | $690.53M | — | $4.07B | — | — | — | $4.92B | $5.84B | $6.93B | $4.77B | $10.66B | $9.47B | $9.49B | $-649.80M | $-9.72B |
| Accounts receivable | $254.73M | $249.41M | $938.83M | $746.68M | $609.53M | $1.97B | $2.34B | $883.17M | $1.08B | $1.09B | $1.20B | $1.36B | $2.04B | $2.19B | $1.63B | $4.56B | $6.05B | $5.47B | $3.88B | $5.94B |
| Inventory | $503.35M | $570.52M | $719.66M | $587.72M | $670.33M | $748.15M | $911.91M | $311.98M | $347.90M | $431.12M | $346.17M | $380.77M | $452.90M | $538.80M | $935.26M | $1.15B | $1.87B | $1.79B | $2.07B | $1.97B |
| Goodwill | $1.13B | — | — | $1.29B | — | — | $3.04B | $703.96M | $603.50M | $612.84M | $614.81M | $751.43M | $782.78M | $801.73M | $1.09B | $1.13B | $1.46B | $1.39B | $1.59B | $1.76B |
Frequently asked questions
What is Cosan SA ADR's revenue?
Cosan SA ADR's trailing twelve-month revenue is $39.78B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CSAN?
In its most recent fiscal year, CSAN ran a gross margin of 32.60%, an operating margin of 26.50%, and a net margin of -24.05%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CSAN generate?
CSAN produced $73.75M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CSAN's balance sheet healthy?
CSAN holds $27.24B in cash and equivalents against $60.31B in long-term debt, on $5.30B of shareholder equity. That debt is best read against the cash flow the business throws off each year.