Gerdau S.A. (GGB) Earnings History
Earnings Pressure28 years of earnings data (1998–2025) · 5-year EPS trend is negative
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Gerdau S.A. (GGB) Earnings Overview
As of June 22, 2026, Gerdau S.A. (GGB) reported trailing twelve-month net income of $1.39B, reflecting -68.3% year-over-year growth. The company earned $0.70 per diluted share over the past four quarters, with a net profit margin of 2.0%.
Looking at the long-term picture, GGB's 5-year EPS compound annual growth rate (CAGR) stands at -12.4%, signaling declining earnings. The company achieved its highest annual net income of $15.49B in fiscal 2021.
Gerdau S.A. maintains positive profitability with a gross margin of 11.4%, operating margin of 8.4%, and net margin of 2.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NUE ($2.33B net income, 5.4% margin), STLD ($1.37B net income, 6.5% margin), CLF (-$1.48B net income, -7.9% margin), GGB has room to improve margins relative to the peer group. Compare GGB vs NUE →
GGB Earnings vs Peers
Earnings metrics vs comparable public companies
GGB Historical Earnings Data (1998–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.39B | -69.6% | $5.84B | $0.69 | 2.0% | 8.4% |
| 2024 | $4.57B | -39.1% | $6.34B | $2.18 | 6.8% | 9.5% |
| 2023 | $7.50B | -34.3% | $9.02B | $3.55 | 10.9% | 13.1% |
| 2022 | $11.43B | -26.3% | $17.37B | $6.19 | 13.9% | 21.1% |
| 2021 | $15.49B | +554.9% | $22.06B | $8.69 | 19.8% | 28.2% |
| 2020 | $2.37B | +94.4% | $5.86B | $1.34 | 5.4% | 13.4% |
| 2019 | $1.22B | -47.7% | $3.18B | $0.68 | 3.1% | 8.0% |
| 2018 | $2.33B | +786.9% | $4.05B | $1.31 | 5.0% | 8.8% |
| 2017 | -$339M | +88.3% | $1.10B | $-0.19 | -0.9% | 3.0% |
| 2016 | -$2.89B | +37.2% | -$1.64B | $-1.61 | -7.7% | -4.3% |
| 2015 | -$4.60B | -427.6% | -$3.22B | $-2.60 | -10.5% | -7.4% |
| 2014 | $1.40B | -11.4% | $2.90B | $0.78 | 3.3% | 6.8% |
| 2013 | $1.58B | +11.1% | $2.75B | $0.89 | 4.0% | 6.9% |
| 2012 | $1.43B | -28.9% | $2.35B | $0.80 | 3.8% | 6.2% |
| 2011 | $2.01B | -6.4% | $2.88B | $1.16 | 5.7% | 8.1% |
| 2010 | $2.14B | +91.0% | $3.64B | $1.43 | 6.8% | 11.6% |
| 2009 | $1.12B | -71.5% | $956M | $0.75 | 4.2% | 3.6% |
| 2008 | $3.94B | +36.9% | $8.01B | $2.70 | 9.4% | 19.1% |
| 2007 | $2.88B | -10.8% | $4.51B | $2.53 | 10.2% | 16.0% |
| 2006 | $3.23B | +23.7% | $4.47B | $2.29 | 12.8% | 17.7% |
| 2005 | $2.61B | -15.2% | $3.86B | $1.86 | 12.6% | 18.6% |
| 2004 | $3.08B | +109.0% | $4.32B | $2.20 | 16.7% | 23.4% |
| 2003 | $1.47B | +79.4% | $2.01B | $2.15 | 11.3% | 15.4% |
| 2002 | $821M | +111.2% | $2.06B | $1.20 | 7.1% | 17.8% |
| 2001 | $389M | +5.7% | $910M | $0.57 | 7.2% | 16.9% |
| 2000 | $368M | +4.2% | $755M | $0.54 | 7.0% | 14.5% |
| 1999 | $353M | +50.7% | $637M | $0.52 | 10.7% | 19.3% |
| 1998 | $234M | - | $354M | $0.34 | 10.3% | 15.5% |
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GGB — Frequently Asked Questions
Quick answers to the most common questions about buying GGB stock.
What is GGB earnings per share (EPS)?
GGB trailing twelve-month (TTM) diluted EPS is $0.70, reflecting -68.3% year-over-year growth. The 5-year EPS CAGR is -12.4%. Complete EPS history from 1998 to 2025 is available in the table on this page.
What is Gerdau S.A.'s net income?
Gerdau S.A. (GGB) trailing twelve-month net income is $1.4B as of 2025. Earnings declined -68.3% year-over-year. Gerdau S.A. has been profitable for 8 consecutive years.
Is GGB profitable?
Yes, GGB is profitable with a TTM net income of $1.4B and a net profit margin of +2.0%. Gerdau S.A. has generated profits for 8 consecutive years.
What is GGB's earnings growth rate?
GGB compound annual EPS growth rates (CAGR): 1-Year: -68.3%, 3-Year: -51.9%, 5-Year: -12.4%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1998 to 2025.
What are GGB's profit margins?
Gerdau S.A. net profit margin is +2.0%, operating margin is +8.4%, and gross margin is +11.4%. Below-average margins reflect competitive or cost pressures. Return on Equity is +2.5%.
Is GGB growing earnings?
GGB earnings are declining — EPS fell -68.3% year-over-year. TTM net income dropped to $1.4B. This contrasts with the 5-year CAGR of -12.4%.
What was GGB's best earnings year?
Gerdau S.A.'s highest annual net income on record is $15.5B, achieved in fiscal year 2021. Earnings history on this page spans 1998 to 2025 and includes all annual and quarterly figures.
What were GGB's earnings last quarter?
GGB's most recent reported quarter was Q4 2025. Net income was $-1.3B with diluted EPS of $-0.66. For a full breakdown of all quarters, see the quarterly earnings table on this page.