Last 46 quarters of trend data · Energy · Oil & Gas Refining & Marketing
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 9.5% YoY to 4.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -1.99 | — | — | — | — | 7.47 | — | — | 1.55 | 4.72 | — | — | 1.58 |
| — | — | — | — | — | +58.3% | — | — | -2.0% | -59.0% | — | — | -53.1% | |
| P/S Ratio | 0.46 | 0.10 | 0.11 | 0.13 | 0.11 | 0.19 | 0.21 | 0.31 | 0.38 | 0.31 | 0.35 | 1.49 | 0.28 |
| — | -47.6% | -47.2% | -59.1% | -71.9% | -37.9% | -38.8% | -79.4% | +34.4% | +17.5% | +1.8% | +153.6% | -47.7% | |
| P/B Ratio | 0.49 | 0.13 | 0.14 | 0.14 | 0.13 | 0.18 | 0.19 | 0.24 | 1.40 | 1.33 | 1.46 | 1.18 | 1.34 |
| — | -26.3% | -24.5% | -41.2% | -90.8% | -86.4% | -87.2% | -79.9% | +4.0% | -33.8% | -34.1% | -59.2% | +163.7% | |
| P/FCF | 3.86 | 7.19 | 0.59 | — | 1.20 | 1.74 | 1.73 | 7.36 | — | 1.85 | 2.04 | 8.93 | 2.67 |
| — | +314.1% | -66.2% | — | — | -6.2% | -14.9% | -17.5% | — | +57.2% | -12.9% | -56.8% | -93.6% | |
| EV / EBITDA | 6.08 | 4.09 | 3.59 | 4.37 | — | 3.73 | 12.39 | 5.18 | 2.89 | 1.24 | 2.11 | 10.75 | 2.50 |
| — | +9.5% | -71.0% | -15.7% | — | +201.0% | +487.5% | -51.8% | +15.3% | -39.2% | -1.2% | +226.5% | -62.1% | |
| EV / EBIT | 8.21 | 4.89 | 7.57 | 11.77 | 7.05 | 5.00 | 17.85 | 8.07 | 1.37 | 1.88 | 4.15 | — | 1.20 |
| — | -2.2% | -57.6% | +45.8% | +413.7% | +166.0% | +330.3% | — | +14.6% | -45.9% | +38.5% | — | -73.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Cosan S.A.'s operating margin was 24.3% in Q3 2025, down 4.8 pp QoQ. The trailing four-quarter average of 9.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 6.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.2% | 35.0% | 34.3% | 29.7% | 29.0% | 32.9% | 33.3% | 29.6% | 23.5% | 31.4% | 28.0% | 25.4% | 20.2% |
| — | +6.1% | +3.2% | +0.4% | +23.4% | +5.0% | +18.8% | +16.7% | +16.4% | +28.6% | +16.9% | +16.9% | -5.6% | |
| Operating Margin | 21.1% | 24.3% | 29.0% | 23.8% | -38.6% | — | 2.8% | 20.9% | 12.9% | 35.2% | 19.3% | 16.7% | 11.2% |
| — | — | +953.0% | +13.9% | -398.9% | — | -85.7% | +25.1% | +15.3% | +137.8% | +16.6% | +14.7% | -33.6% | |
| Net Margin | -21.4% | -11.1% | -9.0% | -18.5% | -79.0% | 2.5% | -2.1% | -2.0% | 24.7% | 6.6% | -10.4% | -9.4% | 18.0% |
| — | -541.9% | -325.2% | -847.6% | -420.1% | -61.9% | +79.5% | +79.2% | +36.8% | +198.8% | -692.5% | -245.6% | -17.0% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.9% | -3.6% | -2.8% | -4.8% | -21.0% | 0.6% | -0.5% | -0.6% | 23.6% | 7.1% | -11.0% | -1.9% | 25.7% |
| — | -705.4% | -508.6% | -670.4% | -188.9% | -91.6% | +95.9% | +66.8% | -8.0% | +66.6% | -442.0% | -165.2% | +194.7% | |
| ROA | -6.7% | -0.9% | -0.7% | -1.3% | -6.5% | 0.2% | -0.2% | -0.2% | 8.4% | 2.4% | -3.9% | -0.7% | 8.4% |
| — | -563.0% | -370.6% | -494.5% | -177.5% | -91.7% | +95.9% | +66.9% | +0.4% | +94.3% | -510.4% | -178.2% | +226.3% | |
| ROIC | 7.2% | 2.2% | 2.6% | 1.9% | -3.4% | — | 0.2% | 2.6% | 4.7% | 14.3% | 7.8% | 1.3% | 5.9% |
| — | — | +1090.1% | -26.1% | -173.2% | — | -97.2% | +96.3% | -19.8% | +45.2% | -15.5% | -43.7% | +147.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Cosan S.A.'s Debt/EBITDA ratio is 18.7x, up from 16.5x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.85 | 2.10 | 2.02 | 1.93 | 1.85 | 1.39 | 1.42 | 1.29 | 1.23 | 1.32 | 1.33 | 1.18 | 1.19 |
| — | +51.5% | +41.7% | +49.3% | +50.7% | +4.7% | +6.9% | +9.5% | +3.1% | -22.4% | -14.7% | -16.8% | -29.6% | |
| Debt / EBITDA | 5.81 | 18.74 | 16.55 | 20.51 | — | 16.28 | 56.24 | 22.17 | 6.07 | 2.80 | 4.58 | 23.97 | 5.29 |
| — | +15.1% | -70.6% | -7.5% | — | +480.8% | +1128.3% | -7.5% | +14.8% | -34.6% | +15.7% | +401.4% | -80.6% | |
| Current Ratio | 1.72 | 1.80 | 1.83 | 2.13 | 1.72 | 1.86 | 1.79 | 1.79 | 1.82 | 1.62 | 1.65 | 1.41 | 1.62 |
| — | -3.3% | +2.1% | +19.2% | -5.6% | +14.6% | +8.3% | +27.0% | +12.5% | +7.5% | -16.1% | -25.2% | -23.1% | |
| Quick Ratio | 1.60 | 1.80 | 1.68 | 1.98 | 1.60 | 1.73 | 1.68 | 1.68 | 1.71 | 1.51 | 1.55 | 1.30 | 1.50 |
| — | +4.0% | +0.5% | +17.7% | -6.3% | +14.1% | +8.1% | +29.5% | +13.9% | +5.9% | -16.0% | -28.1% | -25.6% | |
| Interest Coverage | 1.30 | 27.30 | 1.62 | 1.10 | — | — | 0.15 | 28.45 | 436.55 | 36.04 | 16.64 | 2.41 | 12.96 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Cosan S.A.'s current P/E is -2.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cosan S.A.'s current operating margin is 21.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cosan S.A.'s business trajectory between earnings reports.