Cosan (NYSE: CSAN)

$2.52-3.45%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: $2.48B
P/E (TTM): —
P/B: 9.8x
EPS (TTM): $-2.57
Dividend Yield: —
52-Week Range: $2.45 – $6.00
Volume: 2.20M
Previous Close: $2.61

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-3.45%

1 Week

-7.35%

1 Month

-17.38%

YTD

-36.20%

1 Year

-37.78%

5 Years

-85.27%

About Cosan

US Ticker: CSAN
B3 Ticker: CSAN3
Exchange: NYSE
Currency: USD
Sector: Energy
Industry: Oil & Gas Refining & Marketing
Headquarters: São Paulo, SP, Brazil
Employees: —
CEO: Mr. Marcelo Eduardo Martins
Founded: 1936

Cosan S.A. engages in the fuel distribution business.

It operates through Raízen, Compass, Moove, Rumo, and Radar segments.

The company's Raízen segment engages in the production, marketing, origination, and trading of sugar, as well as ethanol; production and marketing of bioenergy, and solar energy and biogas; trading and resale of electricity; and trading and marketing of fossil, renewable fuels, and lubricants under the Shell brand.

Its Compass segment distributes piped natural gas to industrial, residential, commercial, automotive, and cogeneration customers; and marketing of natural gas.

The company's Moove segment produces, formulates, and distributes lubricants, base oils, and specialties under the Mobil brand and various proprietary brands for industrial, commercial, and passenger vehicles.

Its Rumo segment provides logistics services for rail transportation, storage, and port loading of commodities, including grains and sugar; locomotive and railcar leasing; and rail equipment and container operations.

The company's Radar segment manages agricultural property.

The company operates in Brazil, England, France, Spain, Portugal, Argentina, Bolivia, Uruguay, Paraguay, Singapore, United Arab Emirates, Oceania, the United States, Latin America, Europe, Asia, and internationally.

Cosan S.A. was founded in 1936 and is headquartered in São Paulo, Brazil.

www.cosan.com.br

Analyst Ratings

Consensus of 4 Wall Street analysts · sourced from Yahoo Finance

None

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$3.07

Average

$3.62

High

$4.10

The average target is +43.56% above the current price of $2.52.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Cosan's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Stretched

Net Margin: -24.1%
ROE: -274.9%
Rev Growth (YoY): -1.21%
Net Debt / EBITDA: 4.28×
Current Ratio: 1.87×
Interest Coverage: 1.12×
Free Cash Flow: 2.46B
Payout Ratio: -23.8%

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$7,689,683,023	+4.2%	$7,380,774,260	+3.7%	$7,114,187,993	-12.6%	$8,137,498,866	+9.4%	$7,441,014,646	+58.8%	$4,684,419,590	+80.0%	$2,602,428,432	-22.9%	$3,376,847,836	+27.0%	$2,658,380,827	+14.7%	$2,316,685,392	-0.1%	$2,318,910,617	+8.6%	$2,136,098,516	-30.4%	$3,069,538,827	-10.8%	$3,440,867,206	-76.6%	$14,677,271,527	+13.6%	$12,919,194,188	+18.9%	$10,868,519,856	+128.7%	$4,752,238,095	+277.4%	$1,259,234,079	-18.7%	$1,548,223,844	-8.5%	$1,691,720,319
Gross profit	$2,585,507,626	+7.5%	$2,405,976,590	+8.4%	$2,219,958,400	-1.4%	$2,251,165,107	+35.7%	$1,658,775,877	+58.5%	$1,046,635,309	+47.1%	$711,389,623	-28.1%	$989,224,324	+47.1%	$672,322,802	-15.2%	$792,755,580	-12.8%	$908,661,870	+42.2%	$639,062,855	-27.6%	$882,975,020	-9.5%	$975,634,722	-40.1%	$1,629,368,735	+15.5%	$1,411,040,103	-19.5%	$1,752,948,857	+187.1%	$610,512,909	+359.8%	$132,780,981	-32.8%	$197,499,010	-62.6%	$527,424,214
Operating income	$1,978,742,682	+1.2%	$1,956,088,711	+30.0%	$1,504,315,220	+6.1%	$1,418,443,363	+25.9%	$1,126,929,947	+60.9%	$700,441,815	+41.0%	$496,748,021	-43.7%	$882,139,178	+3.8%	$849,462,341	-4.0%	$885,244,481	-2.2%	$905,362,051	+95.9%	$462,079,005	-17.4%	$559,501,526	+37.9%	$405,701,691	-47.4%	$771,019,999	+43.9%	$535,729,144	-32.2%	$789,753,911	+192.7%	$269,849,111	+1631.6%	-$17,618,761	+60.6%	-$44,683,415	-116.8%	$265,271,234
EBITDA	$2,132,765,753	+221.2%	$663,933,202	-69.0%	$2,139,353,664	-26.5%	$2,910,502,041	+38.1%	$2,107,226,659	-7.2%	$2,271,012,351	+747.8%	$267,864,212	-63.4%	$732,385,871	+24.6%	$587,980,228	-9.8%	$651,522,153	+77.5%	$367,009,193	-37.1%	$583,176,637	-19.0%	$720,253,570	+13.5%	$634,388,590	-60.4%	$1,602,574,935	+39.5%	$1,148,414,111	-7.1%	$1,236,388,688	+125.4%	$548,620,195	+414.7%	$106,589,501	-76.4%	$451,642,619	-11.4%	$509,591,272
Net profit	-$1,849,834,771	-4.2%	-$1,775,341,478	-16.4%	-$1,525,404,264	-776.0%	$225,638,324	+1.4%	$222,539,454	-80.4%	$1,133,198,090	+584.4%	$165,576,702	-72.6%	$603,978,972	+41.6%	$426,493,470	+7.4%	$397,246,836	+24.7%	$318,569,935	+89.1%	$168,469,684	+53.1%	$110,027,128	+149.2%	$44,160,132	-85.8%	$312,075,204	-77.7%	$1,397,080,206	+200.9%	$464,238,869	+65.2%	$281,064,257	+344.5%	-$114,943,201	-325.2%	-$27,032,762	-116.1%	$167,653,214
Gross margin	33.6%	+1.0 p.p.	32.6%	+1.4 p.p.	31.2%	+3.5 p.p.	27.7%	+5.4 p.p.	22.3%	-0.1 p.p.	22.3%	-5.0 p.p.	27.3%	-2.0 p.p.	29.3%	+4.0 p.p.	25.3%	-8.9 p.p.	34.2%	-5.0 p.p.	39.2%	+9.3 p.p.	29.9%	+1.2 p.p.	28.8%	+0.4 p.p.	28.4%	+17.3 p.p.	11.1%	+0.2 p.p.	10.9%	-5.2 p.p.	16.1%	+3.3 p.p.	12.8%	+2.3 p.p.	10.5%	-2.2 p.p.	12.8%	-18.4 p.p.	31.2%
Operating margin	25.7%	-0.8 p.p.	26.5%	+5.4 p.p.	21.1%	+3.7 p.p.	17.4%	+2.3 p.p.	15.1%	+0.2 p.p.	15.0%	-4.1 p.p.	19.1%	-7.0 p.p.	26.1%	-5.8 p.p.	32.0%	-6.3 p.p.	38.2%	-0.8 p.p.	39.0%	+17.4 p.p.	21.6%	+3.4 p.p.	18.2%	+6.4 p.p.	11.8%	+6.5 p.p.	5.3%	+1.1 p.p.	4.1%	-3.1 p.p.	7.3%	+1.6 p.p.	5.7%	+7.1 p.p.	-1.4%	+1.5 p.p.	-2.9%	-18.6 p.p.	15.7%
EBITDA margin	27.7%	+18.7 p.p.	9.0%	-21.1 p.p.	30.1%	-5.7 p.p.	35.8%	+7.4 p.p.	28.3%	-20.2 p.p.	48.5%	+38.2 p.p.	10.3%	-11.4 p.p.	21.7%	-0.4 p.p.	22.1%	-6.0 p.p.	28.1%	+12.3 p.p.	15.8%	-11.5 p.p.	27.3%	+3.8 p.p.	23.5%	+5.0 p.p.	18.4%	+7.5 p.p.	10.9%	+2.0 p.p.	8.9%	-2.5 p.p.	11.4%	-0.2 p.p.	11.5%	+3.1 p.p.	8.5%	-20.7 p.p.	29.2%	-1.0 p.p.	30.1%
Net margin	-24.1%	-0.0 p.p.	-24.1%	-2.6 p.p.	-21.4%	-24.2 p.p.	2.8%	-0.2 p.p.	3.0%	-21.2 p.p.	24.2%	+17.8 p.p.	6.4%	-11.5 p.p.	17.9%	+1.8 p.p.	16.0%	-1.1 p.p.	17.1%	+3.4 p.p.	13.7%	+5.9 p.p.	7.9%	+4.3 p.p.	3.6%	+2.3 p.p.	1.3%	-0.8 p.p.	2.1%	-8.7 p.p.	10.8%	+6.5 p.p.	4.3%	-1.6 p.p.	5.9%	+15.0 p.p.	-9.1%	-7.4 p.p.	-1.7%	-11.7 p.p.	9.9%
Revenue growth (YoY)	-1.2%	+6.8 p.p.	-8.0%	-19.4 p.p.	11.4%	+11.0 p.p.	0.4%	-50.3 p.p.	50.7%	-42.5 p.p.	93.2%	+93.5 p.p.	-0.4%	-32.0 p.p.	31.7%	-2.6 p.p.	34.3%	+32.6 p.p.	1.7%	+12.5 p.p.	-10.8%	-14.5 p.p.	3.7%	+3.4 p.p.	0.4%	+73.3 p.p.	-73.0%	-97.5 p.p.	24.6%	-8.8 p.p.	33.4%	-84.7 p.p.	118.1%	-65.0 p.p.	183.0%	+176.1 p.p.	7.0%	+31.1 p.p.	-24.1%	—	—
Effective tax rate	-31.7%	-4.1 p.p.	-27.6%	+33.3 p.p.	-60.8%	-66.2 p.p.	5.4%	+9.8 p.p.	-4.5%	+2.7 p.p.	-7.1%	-29.2 p.p.	22.1%	-0.7 p.p.	22.8%	+1.4 p.p.	21.4%	-1.9 p.p.	23.3%	+19.2 p.p.	4.1%	+11.5 p.p.	-7.4%	-4.7 p.p.	-2.7%	-19.3 p.p.	16.6%	-9.8 p.p.	26.4%	-3.2 p.p.	29.6%	-5.2 p.p.	34.8%	+7.8 p.p.	27.0%	-7.6 p.p.	34.6%	+7.4 p.p.	27.2%	-8.8 p.p.	35.9%
Interest coverage	1.12×	+3512.9%	-0.03×	-102.4%	1.39×	-26.9%	1.91×	+28.4%	1.49×	-43.0%	2.60×	-86.9%	19.85×	-40.5%	33.35×	+1616.0%	1.94×	+23.6%	1.57×	+232.9%	0.47×	-71.1%	1.63×	+11.5%	1.46×	—	—	—	2.57×	+39.2%	1.85×	-57.6%	4.36×	+67.2%	2.61×	+2358.4%	-0.12×	-100.5%	25.56×	-81.2%	135.69×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$9,130,459,868	+15.2%	$7,924,518,462	-12.7%	$9,074,471,746	-8.3%	$9,894,643,932	+21.0%	$8,178,037,694	+39.1%	$5,879,965,710	-3.4%	$6,089,263,990	+233.2%	$1,827,399,681	-2.5%	$1,873,984,565	-4.9%	$1,970,543,324	+24.5%	$1,582,633,521	-5.5%	$1,674,671,570	-24.1%	$2,206,928,902	-29.2%	$3,117,706,947	-30.1%	$4,461,775,952	+144.9%	$1,821,739,224	-49.0%	$3,572,337,545	+134.3%	$1,524,849,111	-2.0%	$1,555,767,642	+110877.9%	-$1,404,402	-100.1%	$1,300,063,351
Net Debt / Equity	13.57×	+65.9%	8.18×	+59.1%	5.14×	+446.2%	0.94×	-55.0%	2.09×	-5.8%	2.22×	-63.0%	6.01×	+764.2%	0.70×	-4.9%	0.73×	+5.9%	0.69×	+20.3%	0.57×	-24.8%	0.76×	+14.9%	0.66×	-12.1%	0.76×	-18.9%	0.93×	+150.9%	0.37×	-59.6%	0.92×	+104.7%	0.45×	-54.4%	0.99×	+124964.0%	-0.00×	-100.0%	1.72×
Net Debt / EBITDA	4.28×	-64.1%	11.94×	+181.4%	4.24×	+24.8%	3.40×	-12.4%	3.88×	+49.9%	2.59×	-88.6%	22.73×	+811.1%	2.50×	-21.7%	3.19×	+5.4%	3.02×	-29.9%	4.31×	+50.2%	2.87×	-6.3%	3.06×	-37.7%	4.91×	+76.5%	2.78×	+75.5%	1.59×	-45.1%	2.89×	+4.0%	2.78×	-81.0%	14.60×	+469489.9%	-0.00×	-100.1%	2.55×
Debt / Equity	18.57×	+39.4%	13.32×	+99.0%	6.69×	+444.5%	1.23×	-55.1%	2.74×	-17.6%	3.32×	-61.4%	8.60×	+576.8%	1.27×	+26.7%	1.00×	-2.1%	1.02×	+0.5%	1.02×	-9.3%	1.12×	+34.0%	0.84×	-7.5%	0.91×	-23.5%	1.19×	+116.4%	0.55×	-50.8%	1.11×	+100.4%	0.56×	-53.0%	1.18×	+5764.4%	0.02×	-98.8%	1.72×
Current ratio	1.87×	-27.5%	2.58×	+50.1%	1.72×	-5.6%	1.82×	+12.5%	1.62×	-23.1%	2.11×	+12.8%	1.87×	+1.6%	1.84×	-3.2%	1.90×	+21.9%	1.56×	-20.3%	1.96×	+26.7%	1.54×	+15.3%	1.34×	-0.4%	1.34×	-3.5%	1.39×	-38.6%	2.27×	+61.1%	1.41×	-22.0%	1.81×	+57.5%	1.15×	-71.0%	3.95×	+5.1%	3.76×
Return on equity (ROE)	-274.9%	-91.7 p.p.	-183.3%	-96.9 p.p.	-86.4%	-88.6 p.p.	2.1%	-3.5 p.p.	5.7%	-37.1 p.p.	42.8%	+26.5 p.p.	16.3%	-6.6 p.p.	23.0%	+6.3 p.p.	16.6%	+2.7 p.p.	13.9%	+2.4 p.p.	11.6%	+3.9 p.p.	7.7%	+4.4 p.p.	3.3%	+2.2 p.p.	1.1%	-5.4 p.p.	6.5%	-22.0 p.p.	28.5%	+16.5 p.p.	11.9%	+3.7 p.p.	8.3%	+15.6 p.p.	-7.3%	-5.8 p.p.	-1.5%	-23.7 p.p.	22.2%
Return on assets (ROA)	-7.6%	-0.4 p.p.	-7.2%	-0.5 p.p.	-6.7%	-7.5 p.p.	0.8%	-0.1 p.p.	0.9%	-5.6 p.p.	6.5%	+5.4 p.p.	1.0%	-6.4 p.p.	7.4%	+1.6 p.p.	5.7%	+1.1 p.p.	4.6%	+0.8 p.p.	3.8%	+1.6 p.p.	2.2%	+1.1 p.p.	1.1%	+0.7 p.p.	0.4%	-1.5 p.p.	1.9%	-9.9 p.p.	11.8%	+7.7 p.p.	4.1%	-1.5 p.p.	5.6%	+7.9 p.p.	-2.2%	-1.6 p.p.	-0.6%	-6.4 p.p.	5.7%
Book value / share	$0.34	-55.7%	$0.78	-18.2%	$0.95	-95.8%	$22.43	+975.9%	$2.08	+44.9%	$1.44	+119.6%	$0.66	-60.6%	$1.66	+4.4%	$1.59	-8.0%	$1.73	+4.0%	$1.67	+26.6%	$1.32	-35.8%	$2.05	-19.2%	$2.53	-13.4%	$2.93	-1.9%	$2.98	+24.9%	$2.39	-45.6%	$4.39	+82.3%	$2.41	-26.3%	$3.26	+63.3%	$2.00

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

Dividend History

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Cosan trades on 3 exchanges. Prices on this page are the NYSE ADR (CSAN).

Exchange	Ticker	Currency
NYSEpriced here	CSAN	USD
B3 (São Paulo)	CSAN3	BRL
Mexico (BMV)	CSAN	MXN

Frequently Asked Questions

Why hold Cosan CSAN ADR instead of local B3 CSAN3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Cosan listed?

Cosan trades on 3 exchanges. The line quoted on this page is NYSE in the United States (CSAN, US dollars). It also trades on B3 (São Paulo) in Brazil (CSAN3, Brazilian reais) and Mexico (BMV) in Mexico (CSAN, Mexican pesos).

On how many exchanges does Cosan trade?

3. NYSE — CSAN (USD) · B3 (São Paulo) — CSAN3 (BRL) · Mexico (BMV) — CSAN (MXN). Prices shown on this page are the NYSE line, CSAN.

What is Cosan's primary listing?

Cosan's primary listing is on the B3 in Brazil, where the shares trade as CSAN3 in reais — the company's home market. The NYSE line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between CSAN and CSAN3?

They are the same company and, economically, the same asset. CSAN3 is the original Brazilian share, listed on the B3 and quoted in reais. CSAN is an American Depositary Receipt over that share, listed on the NYSE and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The CSAN price therefore tracks two things: CSAN3 in reais, and the USD/BRL exchange rate.

How can I buy Cosan stock in the United States?

Cosan is listed on the NYSE under CSAN, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: July 17, 2026

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