Cosan (NYSE: CSAN)

$3.05-0.97%today

Brazilian ADR trading on the NYSE, priced in US dollars. Key figures below are sourced from Yahoo Finance.

Market Cap: $3.01B
P/E (TTM): —
P/B: 4.4x
EPS (TTM): -2.55
Dividend Yield: —
52-Week Range: $2.52 – $6.00
Volume: 768K
Previous Close: $3.08

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

-0.97%

1 Week

-0.33%

1 Month

+14.66%

YTD

-22.78%

1 Year

-27.90%

5 Years

-84.53%

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

$3.13

Average

$4.15

High

$5.26

The average target is +36.14% above the current price of $3.05.

Display currency

Revenue, net debt and other totals below — switch between US dollars and BRL.

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 USD). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.