Cosan S.A. (CSAN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 9.03B | 9.61B | 10.66B | 10.48B | 9.66B | 11.77B | 11.65B | 10.69B | 9.84B | 9.57B | 10.3B | 10.05B | 1.85B | 10.75B | 11.51B | 9.57B | 7.9B | 6.75B | 6.89B | 6.56B |
| Revenue Growth % | -6.56% | -18.31% | -8.43% | -2.02% | -1.82% | 22.93% | 13.12% | 6.4% | 431.29% | -10.98% | -10.53% | 5.01% | -76.57% | 59.32% | 67% | 45.94% | 67.63% | 71.72% | 85.48% | 178.28% |
| Cost of Goods Sold | 5.95B | 6.63B | 6.94B | 6.88B | 6.79B | 8.36B | 7.81B | 7.14B | 6.93B | 7.33B | 7.06B | 7.24B | 1.38B | 8.59B | 8.7B | 7.28B | 6.19B | 5.31B | 4.96B | 4.94B |
| COGS % of Revenue | 65.93% | 68.99% | 65.04% | 65.68% | 70.29% | 71.05% | 67.05% | 66.74% | 70.4% | 76.54% | 68.62% | 72.01% | 74.64% | 79.84% | 75.59% | 76.05% | 78.3% | 78.64% | 71.94% | 75.33% |
| Gross Profit | 3.08B | 2.98B | 3.73B | 3.6B | 2.87B | 3.41B | 3.84B | 3.56B | 2.91B | 2.25B | 3.23B | 2.81B | 469.86M | 2.17B | 2.81B | 2.29B | 1.72B | 1.44B | 1.93B | 1.62B |
| Gross Margin % | 34.07% | 31.01% | 34.96% | 34.32% | 29.71% | 28.95% | 32.95% | 33.26% | 29.6% | 23.46% | 31.38% | 27.99% | 25.36% | 20.16% | 24.41% | 23.95% | 21.7% | 21.36% | 28.06% | 24.67% |
| Gross Profit Growth % | 7.14% | -12.52% | -2.85% | 1.12% | -1.47% | 51.72% | 18.77% | 26.39% | 520.1% | 3.6% | 15.04% | 22.75% | -72.61% | 50.34% | 45.26% | 41.68% | 27.47% | 62.03% | 79.37% | 129.57% |
| Operating Expenses | 693.59M | 699.5M | 694.91M | 553.2M | 568.38M | 7.95B | 3.84B | 3.26B | 853.98M | 1.01B | -396.33M | 874.2M | 159.86M | 1B | 942.39M | 708.78M | 562.22M | 844.62M | 691.99M | 424.13M |
| OpEx % of Revenue | 7.68% | 7.28% | 6.52% | 5.28% | 5.88% | 67.57% | 32.95% | 30.5% | 8.68% | 10.54% | -3.85% | 8.7% | 8.63% | 9.32% | 8.19% | 7.41% | 7.11% | 12.51% | 10.04% | 6.47% |
| Selling, General & Admin | 991.23M | 1.16B | 1.14B | 1.1B | 975.09M | 1.12B | 1.37B | 987.91M | 944.66M | 977.98M | 1.01B | 874.2M | 159.91M | 1.04B | 942.6M | 708.78M | 562.22M | 854.11M | 728.26M | 665.39M |
| SG&A % of Revenue | 10.98% | 12.08% | 10.69% | 10.51% | 10.09% | 9.53% | 11.74% | 9.24% | 9.6% | 10.22% | 9.79% | 8.7% | 8.63% | 9.66% | 8.19% | 7.41% | 7.11% | 12.65% | 10.57% | 10.15% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 0 | 46.42K | -1000K | -203K | 1 | 0 | -1000K | 1000K | 1000K |
| Operating Income | 2.38B | 2.28B | 3.03B | 3.04B | 2.3B | -4.54B | 0 | 294.95M | 2.06B | 1.24B | 3.63B | 1.94B | 310M | 1.2B | 1.7B | 1.58B | 1.15B | 1.14B | 4.62B | 1.84B |
| Operating Margin % | 26.38% | 23.73% | 28.44% | 29.04% | 23.83% | -38.62% | - | 2.76% | 20.93% | 12.92% | 35.23% | 19.3% | 16.73% | 11.2% | 14.82% | 16.54% | 14.59% | 16.87% | 67.04% | 28.11% |
| Operating Income Growth % | 3.47% | 150.21% | - | 931.68% | 11.78% | -467.48% | -100% | -84.79% | 564.4% | 2.63% | 112.75% | 22.49% | -73.12% | 5.8% | -63.09% | -14.12% | 5.78% | 28.57% | 453.63% | 863.59% |
| EBITDA | 3.35B | 3.21B | 4.03B | 4.04B | 3.27B | -3.74B | 4.19B | 1.22B | 2.97B | 2.12B | 4.49B | 2.76B | 461.23M | 2.06B | 2.38B | 2.31B | 1.91B | 1.8B | 5.25B | 2.46B |
| EBITDA Margin % | 37.14% | 33.4% | 37.82% | 38.51% | 33.84% | -31.77% | 35.98% | 11.42% | 30.15% | 22.18% | 43.66% | 27.5% | 24.9% | 19.12% | 20.72% | 24.16% | 24.14% | 26.61% | 76.25% | 37.51% |
| EBITDA Growth % | 2.55% | 185.89% | -3.74% | 230.38% | 10.22% | -276.06% | -6.77% | -55.82% | 543.26% | 3.26% | 88.54% | 19.56% | -75.83% | 14.52% | -54.62% | -6.01% | 36.14% | 71.39% | 423.94% | 622.48% |
| D&A (Non-Cash Add-back) | 971.4M | 929.74M | 1B | 992.31M | 967.89M | 805.35M | 1.07B | 926.46M | 907.26M | 887.13M | 867.63M | 824.96M | 151.23M | 851.73M | 679.05M | 728.84M | 754.86M | 657.01M | 634.54M | 616.22M |
| EBIT | 2.02B | -4.8B | 1.42B | 1.91B | 1.21B | 2.17B | 3.12B | 847.85M | 1.9B | 4.47B | 2.96B | 1.41B | -25.11M | 4.3B | 1.4B | 1.65B | 1.16B | 2.62B | 556.13M | 2.2B |
| Net Interest Income | -324.99M | 775.39M | -1.63B | -1.15B | -1.31B | 165.72M | -1.52B | -1.29B | 41.17M | 132.05M | 39.33M | 6.07M | -22.86M | 660.14M | 26.08M | 37.8M | 39.7M | 4.34M | -40.19M | 14.04M |
| Interest Income | 180.26M | 2.64B | 260.59M | 726.58M | 792.75M | 165.72M | 96.23M | 635.2M | 113.57M | 134.88M | 139.97M | 122.64M | 105.7M | 753.07M | 111.21M | 106.52M | 86.33M | 64.1M | 46.33M | 50.68M |
| Interest Expense | 505.26M | 1.87B | 1.89B | 1.88B | 2.1B | 0 | 1.62B | 1.93B | 72.4M | 2.83M | 100.64M | 116.57M | 128.57M | 92.94M | 85.13M | 68.72M | 46.63M | 59.76M | 86.52M | 36.64M |
| Other Income/Expense | 0 | -8.95B | -3.5B | -3.01B | -3.19B | -1.37B | 1.5B | -2.66B | -1.81B | 2.18B | -1.43B | -1.92B | -235.76M | 735.12M | -1.7B | -1.65B | -528.49M | -399.31M | 2.2B | -177.6M |
| Pretax Income | -167.19M | -6.67B | -467.15M | 34.52M | -888.86M | -5.92B | 1.5B | -2.36B | 247.91M | 2.97B | 2.2B | 19.74M | 74.24M | 2.14B | 3.72M | -63.68M | 624.95M | 333.96M | 3.44B | 1.46B |
| Pretax Margin % | -1.85% | -69.37% | -4.38% | 0.33% | -9.2% | -50.3% | 12.92% | -22.09% | 2.52% | 31.04% | 21.34% | 0.2% | 4.01% | 19.88% | 0.03% | -0.67% | 7.91% | 4.95% | 49.93% | 22.25% |
| Income Tax | 1.18B | 186.68M | 367.28M | 602.62M | 1.05B | 2.81B | 510.05M | -108.52M | -15.64M | -563.38M | 500.1M | 466.48M | 154.89M | 198.16M | -250.12M | -115.55M | 49.11M | -755.41M | 82.7M | 263.79M |
| Effective Tax Rate % | -704.44% | -2.8% | -78.62% | 1745.47% | -117.74% | -47.41% | 33.89% | 4.59% | -6.31% | -18.96% | 22.76% | 2363.13% | 208.63% | 9.27% | -6718.32% | 181.45% | 7.86% | -226.2% | 2.4% | 18.08% |
| Net Income | -1.58B | -5.8B | -1.19B | -946.04M | -1.79B | -9.3B | 292.88M | -227.11M | -192.18M | 2.36B | 678.75M | -1.04B | -174.14M | 1.94B | 253.85M | -125.29M | 510.19M | 1.47B | 3.26B | 942.36M |
| Net Margin % | -17.54% | -60.36% | -11.11% | -9.03% | -18.5% | -79% | 2.51% | -2.12% | -1.95% | 24.68% | 6.59% | -10.37% | -9.4% | 18.03% | 2.21% | -1.31% | 6.45% | 21.72% | 47.38% | 14.37% |
| Net Income Growth % | 11.44% | 37.58% | -504.66% | -316.56% | -830.35% | -493.53% | -56.85% | 78.22% | -10.36% | 21.82% | 167.39% | -732.2% | -134.13% | 32.26% | -92.22% | -113.3% | -20.13% | 136.44% | 974.48% | 640.39% |
| Net Income (Continuing) | -1.34B | -6.86B | -834.43M | -568.1M | -1.94B | -8.72B | 994.84M | -2.25B | 263.54M | 3.98B | 1.7B | -446.74M | -80.65M | 1.94B | 440.87M | 51.87M | 575.84M | 1.44B | 20.92M | 1.2B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 25.9B | 25.71B | 26.15B | 25.91B | 26.88B | 28.49B | 29.31B | 28.47B | 30.24B | 6.18B | 5.83B | 5.79B | 5.5B | 5.21B | 3.04B | 2.86B | 3.14B | 14.13B | 2.22B | 2.35B |
| EPS (Diluted) | -1.60 | -7.22 | -1.28 | -1.02 | -1.92 | -10.24 | 0.32 | -0.24 | -0.20 | 2.52 | 0.72 | -1.12 | -0.44 | 2.06 | 0.28 | 0.06 | 0.54 | 1.16 | 3.50 | 1.00 |
| EPS Growth % | 16.67% | 29.49% | -500% | -325% | -860% | -506.35% | -55.56% | 78.57% | 54.55% | 22.33% | 157.14% | -2121.66% | -181.48% | 77.59% | -92% | -94.46% | -27.03% | 61.11% | 775% | 554.55% |
| EPS (Basic) | -1.62 | -7.22 | -1.28 | -1.02 | -1.92 | -10.50 | 0.32 | -0.24 | -0.20 | 2.54 | 0.72 | -1.12 | -0.44 | 2.08 | 0.28 | 0.06 | 0.54 | 1.16 | 3.50 | 1.00 |
| Diluted Shares Outstanding | 979.05M | 813.46M | 929.33M | 929.33M | 929.32M | 931.41M | 932.58M | 930.74M | 932.87M | 935.15M | 933.61M | 933.32M | 933.32M | 937.29M | 936.74M | 937.54M | 937.43M | 937.43M | 934.95M | 935.03M |
| Basic Shares Outstanding | 979.05M | 813.46M | 929.5M | 929.33M | 929.32M | 907.79M | 932.58M | 930.74M | 932.87M | 933.78M | 933.61M | 933.32M | 933.32M | 934.55M | 934.31M | 934.31M | 934.31M | 934.31M | 933.44M | 933.44M |
| Dividend Payout Ratio | - | - | - | - | - | - | 198.35% | - | - | 40.41% | 11.61% | - | - | 50.74% | 28.28% | - | - | 56.44% | 0.16% | 76.68% |