Last 38 quarters of trend data · Basic Materials · Industrial Materials
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Nexa Resources S.A.'s quarterly P/E stands at 5.8x. EV/EBITDA has compressed 35.5% YoY to 2.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 14.24 | 5.82 | 2.40 | 151.22 | 17.32 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.63 | 0.33 | 0.22 | 0.23 | 0.33 | 0.39 | 0.34 | 0.34 | 0.41 | 0.38 | 0.31 | 0.26 | 0.31 |
| — | -16.8% | -35.2% | -32.5% | -19.6% | +4.8% | +10.0% | +33.8% | +30.7% | +46.6% | +26.9% | +7.0% | -27.2% | |
| P/B Ratio | 1.46 | 0.91 | 0.53 | 0.57 | 0.74 | 1.10 | 0.76 | 0.81 | 0.67 | 0.65 | 0.52 | 0.39 | 0.49 |
| — | -17.3% | -30.8% | -29.2% | +9.8% | +69.3% | +46.3% | +108.4% | +36.9% | +39.0% | +33.9% | -10.6% | -27.5% | |
| P/FCF | 36.29 | 1.73 | 1.71 | 12.95 | — | 1.67 | 3.01 | 17.17 | — | 23.01 | 12.59 | 4.65 | — |
| — | +3.9% | -43.3% | -24.6% | — | -92.8% | -76.1% | +269.4% | — | — | — | +65.4% | — | |
| EV / EBITDA | 4.17 | 2.06 | 3.10 | 3.95 | 4.78 | 3.20 | 3.29 | 6.39 | 5.11 | 125.63 | 7.65 | — | 4.64 |
| — | -35.5% | -5.8% | -38.2% | -6.5% | -97.5% | -57.0% | — | +10.2% | +810.3% | +86.8% | — | +48.7% | |
| EV / EBIT | 7.80 | 3.14 | 2.52 | 6.18 | 5.24 | 8.04 | 6.41 | 7.85 | 24.23 | — | — | — | 10.16 |
| — | -61.0% | -60.7% | -21.2% | -78.4% | — | — | — | +138.6% | — | — | — | +192.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Nexa Resources S.A.'s operating margin was 22.1% in Q4 2025, up 11.4 pp QoQ and up 5.7 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 12.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 17.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.9% | 22.8% | 16.6% | 18.7% | 20.2% | 19.3% | 17.8% | 23.1% | 7.4% | 10.9% | 10.3% | 9.8% | 14.9% |
| — | +17.9% | -7.0% | -18.9% | +172.2% | +77.8% | +73.5% | +134.3% | -50.3% | +1.5% | -14.8% | -70.1% | -45.4% | |
| Operating Margin | 13.7% | 22.1% | 10.7% | 8.5% | 8.6% | 16.4% | 11.9% | 2.7% | 5.6% | -12.5% | -0.8% | -18.4% | 6.5% |
| — | +34.4% | -10.3% | +209.4% | +52.6% | +231.9% | +1659.0% | +114.8% | -13.5% | -130.5% | -113.9% | -163.8% | -61.8% | |
| Net Margin | 4.4% | 5.6% | 9.2% | 0.2% | 1.9% | -13.3% | -0.7% | -10.5% | -4.1% | -14.8% | -11.4% | -16.4% | -3.0% |
| — | +142.3% | +1370.4% | +101.5% | +146.1% | +10.3% | +93.6% | +36.0% | -38.6% | -41.5% | -93.6% | -224.4% | -133.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 4.0% | 5.8% | 0.1% | 1.1% | -8.5% | -0.4% | -5.8% | -1.7% | -6.2% | -4.6% | -6.1% | -1.2% |
| — | +146.7% | +1509.8% | +101.7% | +165.6% | -35.9% | +91.1% | +5.4% | -43.5% | -32.4% | -100.9% | -202.7% | -131.9% | |
| ROA | 2.7% | 1.0% | 1.4% | 0.0% | 0.3% | -2.1% | -0.1% | -1.6% | -0.5% | -1.9% | -1.5% | -2.1% | -0.4% |
| — | +146.0% | +1360.8% | +101.4% | +151.0% | -7.5% | +92.9% | +23.1% | -22.0% | -16.3% | -86.0% | -200.6% | -132.7% | |
| ROIC | 12.6% | 5.6% | 2.3% | 1.7% | 1.7% | 3.7% | 2.4% | 0.5% | 0.9% | -2.1% | -0.1% | -2.9% | 1.1% |
| — | +51.9% | -5.7% | +213.4% | +88.0% | +272.9% | +1937.9% | +118.8% | -20.4% | -94.9% | -113.0% | -147.3% | -66.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Nexa Resources S.A.'s Debt/EBITDA ratio is 6.1x, down from 11.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 17.7% YoY to 0.87x, tightening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.42 | 1.42 | 1.53 | 1.67 | 1.67 | 1.75 | 1.51 | 1.49 | 1.24 | 1.19 | 1.08 | 1.02 | 0.98 |
| — | -19.2% | +1.1% | +11.8% | +34.9% | +47.2% | +39.4% | +46.7% | +25.7% | +21.7% | +14.8% | +12.3% | +6.2% | |
| Debt / EBITDA | 2.38 | 6.07 | 11.24 | 13.99 | 15.56 | 9.88 | 10.65 | 19.74 | 15.01 | 392.13 | 24.85 | — | 14.52 |
| — | -38.6% | +5.6% | -29.1% | +3.7% | -97.5% | -57.2% | — | +3.3% | +737.9% | +66.8% | — | +61.6% | |
| Current Ratio | 0.87 | 0.87 | 0.91 | 0.93 | 0.99 | 1.05 | 1.13 | 1.16 | 0.98 | 0.99 | 1.15 | 1.27 | 1.40 |
| — | -17.7% | -19.7% | -19.8% | +0.6% | +6.9% | -1.6% | -9.1% | -29.6% | -27.4% | -21.1% | -12.6% | -4.5% | |
| Quick Ratio | 0.58 | 0.58 | 0.60 | 0.60 | 0.64 | 0.77 | 0.76 | 0.78 | 0.63 | 0.67 | 0.78 | 0.82 | 0.85 |
| — | -24.1% | -21.7% | -22.7% | +2.1% | +15.0% | -2.3% | -4.8% | -25.5% | -27.0% | -14.4% | -11.6% | -8.7% | |
| Interest Coverage | 1.49 | 2.25 | 2.94 | 1.31 | 2.25 | 1.25 | 1.89 | 1.45 | 0.56 | -1.16 | -0.61 | -1.65 | 1.13 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 38 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NEXA stock.
Nexa Resources S.A.'s current P/E is 14.2x. The average P/E over the last 4 quarters is 44.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Nexa Resources S.A.'s current operating margin is 13.7%. 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 Nexa Resources S.A.'s business trajectory between earnings reports.