GGB
Gerdau SA ADR
NYSE: GGB · BASIC MATERIALS · STEEL
$4.43
-1.77% today
Updated 2026-04-29
Market cap
$8.72B
P/E ratio
26.06
P/S ratio
0.13x
EPS (TTM)
$0.17
Dividend yield
2.57%
52W range
$2 – $5
Volume
18.5M
Gerdau SA ADR (GGB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.26B | $28.16B | $41.91B | $26.54B | $31.39B | $35.41B | $37.98B | $39.86B | $42.55B | $43.58B | $37.65B | $36.92B | $46.16B | $39.64B | $43.81B | $78.35B | $82.41B | $68.92B | $67.03B | $69.86B |
| Revenue growth (YoY) | — | +11.5% | +48.8% | -36.7% | +18.3% | +12.8% | +7.3% | +5.0% | +6.7% | +2.4% | -13.6% | -1.9% | +25.0% | -14.1% | +10.5% | +78.8% | +5.2% | -16.4% | -2.7% | +4.2% |
| Cost of revenue | $18.72B | $21.16B | $31.02B | $22.11B | $25.87B | $30.30B | $33.23B | $34.73B | $37.41B | $39.29B | $34.19B | $33.31B | $40.01B | $35.44B | $37.88B | $57.53B | $63.66B | $57.58B | $57.82B | $61.89B |
| Gross profit | $6.54B | $7.00B | $10.89B | $4.43B | $5.52B | $5.11B | $4.75B | $5.13B | $5.14B | $4.29B | $3.46B | $3.60B | $6.15B | $4.20B | $5.93B | $20.82B | $18.75B | $11.33B | $9.20B | $7.97B |
| Gross margin | 25.9% | 24.9% | 26.0% | 16.7% | 17.6% | 14.4% | 12.5% | 12.9% | 12.1% | 9.8% | 9.2% | 9.8% | 13.3% | 10.6% | 13.5% | 26.6% | 22.8% | 16.4% | 13.7% | 11.4% |
| R&D | — | — | — | — | — | — | — | — | — | $0.00 | $149.91M | $149.15M | $171.18M | $157.28M | $188.08M | $177.67M | $154.59M | — | — | — |
| SG&A | $1.75B | $2.46B | $2.28B | $1.71B | $1.81B | $1.80B | $1.88B | $1.95B | $2.04B | $1.80B | $1.53B | $1.13B | $1.08B | $954.12M | $1.02B | $1.39B | $1.45B | $1.49B | $1.40B | $1.34B |
| Operating income | $4.47B | $4.51B | $8.01B | $955.84M | $3.64B | $2.88B | $2.35B | $2.75B | $2.90B | $-3.22B | $-1.64B | $1.10B | $4.05B | $3.18B | $5.86B | $22.06B | $17.37B | $9.02B | $6.34B | $5.84B |
| Operating margin | 17.7% | 16.0% | 19.1% | 3.6% | 11.6% | 8.1% | 6.2% | 6.9% | 6.8% | -7.4% | -4.3% | 3.0% | 8.8% | 8.0% | 13.4% | 28.2% | 21.1% | 13.1% | 9.5% | 8.4% |
| EBITDA | $7.04B | $5.27B | $9.90B | $4.06B | $5.77B | $4.95B | $4.20B | $5.08B | $5.11B | $-2.01B | $1.50B | $3.37B | $6.56B | $4.69B | $8.36B | $23.99B | $19.69B | $13.23B | $9.39B | $9.29B |
| EBITDA margin | 27.9% | 18.7% | 23.6% | 15.3% | 18.4% | 14.0% | 11.1% | 12.7% | 12.0% | -4.6% | 4.0% | 9.1% | 14.2% | 11.8% | 19.1% | 30.6% | 23.9% | 19.2% | 14.0% | 13.3% |
| EBIT | $5.97B | $4.04B | $8.01B | $2.32B | $3.88B | $3.18B | $2.37B | $3.05B | $2.88B | $-4.62B | $-1.04B | $1.28B | $4.67B | $2.61B | $5.86B | $21.33B | $16.82B | $10.19B | $6.26B | $5.61B |
| Interest expense | $932.18M | $1.20B | $0.00 | $1.29B | $1.10B | $970.46M | $952.68M | $1.05B | $1.40B | $1.78B | $2.01B | $1.73B | $1.58B | $237.81M | $198.22M | $196.41M | $186.78M | $168.19M | $796.93M | $1.36B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $3.23B | $2.88B | $3.94B | $1.12B | $2.14B | $2.01B | $1.43B | $1.58B | $1.40B | $-4.60B | $-2.89B | $-338.67M | $2.33B | $1.22B | $2.37B | $15.49B | $11.43B | $7.50B | $4.57B | $1.39B |
| Net income growth (YoY) | — | -10.8% | +36.9% | -71.5% | +91.0% | -6.4% | -28.9% | +11.1% | -11.4% | -427.6% | +37.2% | +88.3% | +786.9% | -47.7% | +94.4% | +554.9% | -26.3% | -34.3% | -39.1% | -69.6% |
| Profit margin | 12.8% | 10.2% | 9.4% | 4.2% | 6.8% | 5.7% | 3.8% | 4.0% | 3.3% | -10.5% | -7.7% | -0.9% | 5.0% | 3.1% | 5.4% | 19.8% | 13.9% | 10.9% | 6.8% | 2.0% |