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Gerdau

Logo: Gerdau S.A., Public domain, via Wikimedia Commons4

Brazilian steelmaker

Gerdau S.A. is the largest producer of long steel in the Americas, and the 33rd largest steelmaker worldwide, with approximately 13 million tons of production in 2023. Gerdau uses mini mills, integrated mills, and direct reduced iron plants; 71% of the steel manufactured by the company is made from recycled scrap.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

69.9BRevenue, fiscal 20255
1.4BNet income, fiscal 20255
1901Founded1

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  • TickerGGB on NYSE1
  • Industryiron and steel industry, metal industry1
  • HeadquartersPorto Alegre1
  • Websitewww.gerdau.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (GGB), São Paulo Stock Exchange (GGBR4)1
  • Incorporated inBrazil6
  • Business addressAv Doutora Ruth Cardoso, 8,501, 8Th Floor, Sao Paulo, Sp, 05425-0706
  • Filer categoryLarge accelerated filer6

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Gerdau S.A. is the largest producer of long steel in the Americas, and the 33rd largest steelmaker worldwide, with approximately 13 million tons of production in 2023. Gerdau uses mini mills, integrated mills, and direct reduced iron plants; 71% of the steel manufactured by the company is made from recycled scrap. In 2023, 39% of sales were to Brazil and 39% of sales were to North America.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2025

11.4%Gross margin5
5.4%Operating margin5
2.0%Net margin5
4.2%Revenue growth, 20255
2.6%Return on equity5
1.3B BRLFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

North America brought in 50% of the revenue Gerdau broke down this way in fiscal 2025.

  1. North America35.8B BRL550%up 12% from 2024
  2. Brazil Operation29.7B BRL542%down 2% from 2024
  3. South America Operation5.6B BRL58%down 3% from 2024
Business segments by year
Business segments202320242025
North America33.2B BRL31.9B BRL35.8B BRL
Brazil Operation31.2B BRL30.2B BRL29.7B BRL
South America Operation5.1B BRL5.8B BRL5.6B BRL

Regions

North America brought in 51% of the revenue Gerdau broke down this way in fiscal 2025.

  1. North America35.8B BRL551%up 12% from 2024
  2. BRMember28.5B BRL541%down 3% from 2024
  3. South America Countries Excluding Brazil5.6B BRL58%down 3% from 2024
Regions by year
Regions202320242025
North America5.1B BRL31.9B BRL35.8B BRL
BRMember30.6B BRL29.3B BRL28.5B BRL
South America Countries Excluding Brazil33.2B BRL5.8B BRL5.6B BRL

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs98¢68.4B BRL
  • Profit2¢1.4B BRL

Out of 69.9B BRL in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending84¢6.7B BRL
  • Kept or used elsewhere16¢1.3B BRL

Out of 8.0B BRL of cash from operations.5

Financial statements

Revenue7891011569.9B BRL in 2025+51% since 2018
025.0B BRL50.0B BRL75.0B BRL100.0B BRL2018: 46.2B BRL46.2B BRL20182019: 39.6B BRL39.6B BRL2019−14%2020: 43.8B BRL43.8B BRL2020+11%2021: 78.3B BRL78.3B BRL2021+79%2022: 82.4B BRL82.4B BRL2022+5%2023: 68.9B BRL68.9B BRL2023−16%2024: 67.0B BRL67.0B BRL2024−3%2025: 69.9B BRL69.9B BRL2025+4%
Gross profit789101158.0B BRL in 2025+30% since 2018
010.0B BRL20.0B BRL30.0B BRL2018: 6.1B BRL6.1B BRL20182019: 4.2B BRL4.2B BRL2019−32%2020: 5.9B BRL5.9B BRL2020+41%2021: 20.8B BRL20.8B BRL2021+251%2022: 18.8B BRL18.8B BRL2022−10%2023: 11.3B BRL11.3B BRL2023−40%2024: 9.2B BRL9.2B BRL2024−19%2025: 8.0B BRL8.0B BRL2025−13%
Operating income789101153.7B BRL in 2025−8% since 2018
010.0B BRL20.0B BRL30.0B BRL2018: 4.0B BRL4.0B BRL20182019: 3.2B BRL3.2B BRL2019−21%2020: 5.2B BRL5.2B BRL2020+63%2021: 21.0B BRL21.0B BRL2021+305%2022: 17.8B BRL17.8B BRL2022−16%2023: 10.5B BRL10.5B BRL2023−41%2024: 7.5B BRL7.5B BRL2024−28%2025: 3.7B BRL3.7B BRL2025−50%
Net income789101151.4B BRL in 2025−39% since 2018
05.0B BRL10.0B BRL15.0B BRL20.0B BRL2018: 2.3B BRL2.3B BRL20182019: 1.2B BRL1.2B BRL2019−48%2020: 2.4B BRL2.4B BRL2020+96%2021: 15.6B BRL15.6B BRL2021+552%2022: 11.5B BRL11.5B BRL2022−26%2023: 7.5B BRL7.5B BRL2023−34%2024: 4.6B BRL4.6B BRL2024−39%2025: 1.4B BRL1.4B BRL2025−69%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
NET SALES69.9B BRL67.0B BRL68.9B BRL
Cost of sales-61.9B BRL-57.8B BRL-57.6B BRL
GROSS PROFIT8.0B BRL9.2B BRL11.3B BRL
Selling expenses-782.4M BRL-762.6M BRL-716.2M BRL
General and administrative expenses-1.3B BRL-1.4B BRL-1.5B BRL
Other operating income164.5M BRL306.4M BRL1.0B BRL
Other operating expenses-393.0M BRL-999.0M BRL-522.5M BRL
Recovery of Eletrobras Compulsory Loan100.9M BRL
Results in operations with subsidiary and joint ventures808.4M BRL
Impairment of financial assets-10.2M BRL-30.9M BRL-10.7M BRL
Impairment of assets-2.0B BRL-199.6M BRL
Equity in earnings of unconsolidated companies95.6M BRL464.5M BRL827.6M BRL
INCOME BEFORE FINANCIAL INCOME (EXPENSES) AND TAXES3.7B BRL7.5B BRL10.5B BRL
Financial income693.6M BRL726.2M BRL903.0M BRL
Financial expenses-2.1B BRL-1.5B BRL-1.4B BRL
Exchange variations, net210.8M BRL-1.1B BRL-850.4M BRL
Tax credits monetary update253.0M BRL
(Losses) Gains on financial instruments, net-45.6M BRL-176.9M BRL-15.0M BRL
INCOME BEFORE TAXES2.5B BRL5.5B BRL9.3B BRL
Current-1.1B BRL-1.2B BRL-1.8B BRL
Deferred13.4M BRL295.0M BRL837.0K BRL
Income and social contribution taxes-1.1B BRL-864.7M BRL-1.8B BRL
NET INCOME1.4B BRL4.6B BRL7.5B BRL
Owners of the parent1.4B BRL4.6B BRL7.5B BRL
Non-controlling interests31.4M BRL32.7M BRL35.4M BRL

Compare Gerdau with another company

The story

Founded by João Gerdau in 1901.1

Leadership

Who has led Gerdau, and when. Pick a name to see everywhere that person has worked.

Subsidiaries and ownership

Parent company

Owners

From Wikidata.1

Former names

  • GERDAU SAFeb 14, 2000 to Feb 3, 20056

Timeline

  1. Jan 4, 2000Went public Listed on São Paulo Stock Exchange1
  2. 1901Founded Founded1

Recent filings

  1. Sep 25, 20264 PRIMARY DOCUMENT
  2. Sep 21, 20264 PRIMARY DOCUMENT
  3. Sep 1, 20266-K
  4. Aug 27, 20263/A PRIMARY DOCUMENT
  5. Aug 27, 20264 PRIMARY DOCUMENT
  6. Aug 14, 20263/A PRIMARY DOCUMENT
  7. Aug 14, 20264 PRIMARY DOCUMENT
  8. Aug 12, 20264 PRIMARY DOCUMENT
  9. Aug 10, 20264 PRIMARY DOCUMENT
  10. Aug 6, 20266-K
  11. Aug 5, 20266-K
  12. Aug 4, 20266-K
  13. Aug 4, 20266-K
  14. Aug 4, 20266-K
  15. Jul 21, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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