GGB
Gerdau S.A.
GGB lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover.
GGB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
GGB's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
GGB PE Valuation
GGB has no meaningful PE right now: it lost money over the past year.
GGB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect GGB's earnings to grow, with its revenue and profitability holding steady.
GGB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2023 | $0.75 | -34% |
| Q3 2023 | $0.83 | -40% |
| Q2 2023 | $0.97 | -40% |
| Q1 2023 | $1.18 | -26% |
| Q4 2022 | $1.14 | -26% |
| Q3 2022 | $1.38 | +7% |
| Q2 2022 | $1.63 | +99% |
| Q1 2022 | $1.59 | +246% |
GGB's earnings per share have fallen from their peak: $0.25 over the past year, against $1.63 in mid-2022.
GGB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.3B | +3.9% |
| Q2 2026 | $3.2B | +2% |
| Q1 2026 | $3B | -3.8% |
| Q4 2025 | $3B | +0.9% |
| Q3 2025 | $3.2B | +3.5% |
| Q2 2025 | $3.1B | +5.5% |
| Q1 2025 | $3.1B | +7.2% |
| Q4 2024 | $3B | +14% |
GGB's revenue fell from its 2022 peak and has held roughly level since: $3.3B last quarter, up 3.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +5.7 points |
| Q2 2026 | 13% | +4.5 points |
| Q1 2026 | 10% | +2.6 points |
| Q4 2025 | 7.1% | +1.6 points |
| Q3 2025 | 8.7% | -3.5 points |
| Q2 2025 | 8.3% | -1.4 points |
| Q1 2025 | 7.9% | -3.7 points |
| Q4 2024 | 5.4% | -2 points |
GGB's operating margin was 14% last quarter, up 5.7 points from the same quarter a year ago.
GGB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $276.9M | +33% |
| Q2 2026 | $77.4M | +$200.2M |
| Q1 2026 | $54.5M | +$228.3M |
| Q4 2025 | $291.8M | +86% |
| Q3 2025 | $208M | -72% |
| Q2 2025 | -$122.8M | -197% |
| Q1 2025 | -$173.9M | -$124.1M |
| Q4 2024 | $156.7M | -57% |
GGB still generates free cash flow, though less than at its 2021 peak: $701M over the past year.
GGB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -4.2M shares |
| 1 year | -1.5% | -29.1M shares |
| 3 years | +12% | +212M shares |
| 5 years | +9.6% | +172M shares |
| Available history | +10% | +186M shares |
GGB has 2B diluted shares, down 1.5% from a year ago, with $94M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.7M |
| Q2 2026 | $18.8M |
| Q1 2026 | $37M |
| Q4 2025 | $32.9M |
| Q3 2025 | $38.2M |
| Q2 2025 | $88M |
| Q1 2025 | $50.3M |
| Q4 2024 | $151.3M |
GGB spent $94M buying back its own shares over the past year, down 71% from the year before.
GGB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 0.8x | Very low |
GGB's net debt is about a year of its operating earnings (EBITDA), down from 1.2 years a year ago.
GGB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.0 | Neutral |
| Stochastic | 23.9 | Neutral |
GGB's weekly RSI is 46 (neutral) and its Stochastic is 24 (neutral).
GGB PE vs Basic Materials Sector
GGB has no meaningful PE right now: it lost money over the past year.
GGB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.82 | 8.1% below |
| 20 week MA | $4.76 | 6.9% below |
| 50 week MA | $4.36 | 1.6% above |
| 100 week MA | $3.67 | 21% above |
| 200 week MA | $3.75 | 18% above |
GGB has slipped below its 8- and 20-week averages, though it's still 18% above its 200-week average.
GGB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.83 | $3.69 | -3.7% |
| 2021 | $3.69 | $3.76 | +1.9% |
| 2022 | $3.76 | $4.46 | +19% |
| 2023 | $4.46 | $4.04 | -9.4% |
| 2024 | $4.04 | $2.91 | -28% |
| 2025 | $2.91 | $3.75 | +29% |
| 2026 YTD | $3.75 | $4.43 | +18% |
GGB has finished lower in three of the last six years. It's up 18% so far in 2026.