Gerdau (NYSE: GGB)

$4.74-1.25%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: $9.30B
P/E (TTM): 21.5x
P/B: 0.9x
EPS (TTM): $0.22
Dividend Yield: 3.17%
52-Week Range: $2.85 – $5.18
Volume: 7.32M
Previous Close: $4.80

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

-1.25%

1 Week

-4.44%

1 Month

+0.42%

YTD

+28.46%

1 Year

+58.53%

5 Years

+12.05%

About Gerdau

US Ticker: GGB
B3 Ticker: GGBR4
Exchange: NYSE
Currency: USD
Sector: Basic Materials
Industry: Steel
Headquarters: São Paulo, SP, Brazil
Employees: 30,000
CEO: Mr. Gustavo Werneck Da Cunha
Founded: 1901

Gerdau S.A., together with its subsidiaries, operates as a steel producer company.

It operates through Brazil Business, North America Business, and South America Business segments.

The company offers rebars, bars, wires, thick plates, hot rolled coils, billets, blooms, plates, wire rods, and structural profiles.

It also provides special steel products for agricultural, automotive, construction, distribution, energy, industrial, and mining markets.

In addition, it operates mines that produce iron ore located in Brazil.

The company was founded in 1901 and is headquartered in São Paulo, Brazil.

www2.gerdau.com

Analyst Ratings

Consensus of 5 Wall Street analysts · sourced from Yahoo Finance

1.8Buy

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

12-Month Price Target

Low

$4.95

Average

$5.57

High

$5.94

The average target is +17.46% above the current price of $4.74.

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 Gerdau's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 3.2%
ROE: 4.2%
Rev Growth (YoY): -0.45%
Net Debt / EBITDA: 1.13×
Current Ratio: 2.87×
Interest Coverage: 3.97×
Free Cash Flow: 3.53B
Payout Ratio: 61.3%

Income — Margins & Efficiency

Metric	Last 12MQ3'25 – Q2'26	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	$13,439,182,755	+5.3%	$12,756,753,223	+17.6%	$10,849,423,914	-23.6%	$14,208,990,763	-8.9%	$15,594,786,739	+10.9%	$14,065,039,137	+66.6%	$8,440,766,705	-14.5%	$9,872,226,861	-17.1%	$11,914,583,140	+6.9%	$11,149,653,891	-3.7%	$11,576,935,400	+5.1%	$11,014,542,674	-31.3%	$16,030,420,482	-5.1%	$16,896,128,937	-9.0%	$18,572,034,619	-2.2%	$18,982,832,940	+0.5%	$18,888,814,079	+24.1%	$15,226,649,455	-15.6%	$18,032,635,542	+4.1%	$17,322,202,229	+46.1%	$11,852,567,093
Gross profit	$1,761,154,850	+21.0%	$1,454,930,974	-2.3%	$1,489,703,621	-36.2%	$2,336,492,310	-34.2%	$3,548,244,711	-5.1%	$3,737,273,347	+227.1%	$1,142,504,901	+9.2%	$1,046,709,786	-34.1%	$1,587,263,951	+45.8%	$1,088,648,485	+2.2%	$1,065,008,148	-1.8%	$1,084,417,570	-44.0%	$1,936,630,496	-11.0%	$2,176,313,737	-6.3%	$2,321,434,649	-15.2%	$2,738,874,115	-17.5%	$3,321,138,989	+36.7%	$2,429,432,014	-48.1%	$4,685,412,651	+10.7%	$4,232,233,350	+37.9%	$3,068,561,425
Operating income	$1,317,826,927	+28.7%	$1,024,058,654	-1.4%	$1,038,216,060	-47.7%	$1,984,479,197	-36.8%	$3,141,131,968	-12.6%	$3,594,104,520	+218.1%	$1,129,785,378	+42.5%	$792,869,308	-24.1%	$1,044,661,091	+214.4%	$332,237,625	+166.0%	-$503,139,317	+38.1%	-$812,675,209	-174.4%	$1,092,267,059	-6.4%	$1,167,474,675	+1.7%	$1,148,210,356	-25.6%	$1,543,538,495	-29.6%	$2,192,871,239	+351.3%	$485,878,944	-85.9%	$3,444,498,279	+26.7%	$2,718,454,705	+29.6%	$2,097,712,530
EBITDA	$1,713,225,887	+24.0%	$1,381,465,250	-9.1%	$1,519,431,360	-44.3%	$2,728,523,772	-26.8%	$3,725,983,613	-13.5%	$4,307,021,292	+218.6%	$1,351,851,213	+15.8%	$1,167,199,283	-13.5%	$1,349,163,956	+32.5%	$1,018,611,036	+121.6%	$459,716,816	+190.3%	-$509,255,946	-128.5%	$1,787,202,442	-3.8%	$1,857,934,981	-9.5%	$2,052,895,702	-22.7%	$2,654,223,676	-23.6%	$3,472,867,629	+49.0%	$2,331,122,777	-45.3%	$4,260,365,749	-3.2%	$4,399,069,767	+33.1%	$3,305,309,954
Net profit	$432,311,245	+70.7%	$253,281,473	-65.7%	$739,137,409	-52.2%	$1,546,650,654	-28.5%	$2,162,039,133	-22.3%	$2,781,607,662	+510.3%	$455,757,345	+52.0%	$299,756,631	-49.6%	$594,669,351	+647.9%	-$108,531,908	+87.8%	-$888,851,274	+22.7%	-$1,150,311,623	-317.6%	$528,568,253	-21.3%	$671,271,564	-3.7%	$697,096,963	-35.2%	$1,075,341,518	-16.6%	$1,289,102,286	+100.3%	$643,698,221	-62.0%	$1,695,570,138	-15.6%	$2,008,646,523	+32.6%	$1,514,873,562
Gross margin	13.1%	+1.7 p.p.	11.4%	-2.3 p.p.	13.7%	-2.7 p.p.	16.4%	-6.3 p.p.	22.8%	-3.8 p.p.	26.6%	+13.0 p.p.	13.5%	+2.9 p.p.	10.6%	-2.7 p.p.	13.3%	+3.6 p.p.	9.8%	+0.6 p.p.	9.2%	-0.6 p.p.	9.8%	-2.2 p.p.	12.1%	-0.8 p.p.	12.9%	+0.4 p.p.	12.5%	-1.9 p.p.	14.4%	-3.2 p.p.	17.6%	+1.6 p.p.	16.0%	-10.0 p.p.	26.0%	+1.6 p.p.	24.4%	-1.5 p.p.	25.9%
Operating margin	9.8%	+1.8 p.p.	8.0%	-1.5 p.p.	9.6%	-4.4 p.p.	14.0%	-6.2 p.p.	20.1%	-5.4 p.p.	25.6%	+12.2 p.p.	13.4%	+5.4 p.p.	8.0%	-0.7 p.p.	8.8%	+5.8 p.p.	3.0%	+7.3 p.p.	-4.3%	+3.0 p.p.	-7.4%	-14.2 p.p.	6.8%	-0.1 p.p.	6.9%	+0.7 p.p.	6.2%	-1.9 p.p.	8.1%	-3.5 p.p.	11.6%	+8.4 p.p.	3.2%	-15.9 p.p.	19.1%	+3.4 p.p.	15.7%	-2.0 p.p.	17.7%
EBITDA margin	12.7%	+1.9 p.p.	10.8%	-3.2 p.p.	14.0%	-5.2 p.p.	19.2%	-4.7 p.p.	23.9%	-6.7 p.p.	30.6%	+14.6 p.p.	16.0%	+4.2 p.p.	11.8%	+0.5 p.p.	11.3%	+2.2 p.p.	9.1%	+5.2 p.p.	4.0%	+8.6 p.p.	-4.6%	-15.8 p.p.	11.1%	+0.2 p.p.	11.0%	-0.1 p.p.	11.1%	-2.9 p.p.	14.0%	-4.4 p.p.	18.4%	+3.1 p.p.	15.3%	-8.3 p.p.	23.6%	-1.8 p.p.	25.4%	-2.5 p.p.	27.9%
Net margin	3.2%	+1.2 p.p.	2.0%	-4.8 p.p.	6.8%	-4.1 p.p.	10.9%	-3.0 p.p.	13.9%	-5.9 p.p.	19.8%	+14.4 p.p.	5.4%	+2.4 p.p.	3.0%	-2.0 p.p.	5.0%	+6.0 p.p.	-1.0%	+6.7 p.p.	-7.7%	+2.8 p.p.	-10.4%	-13.7 p.p.	3.3%	-0.7 p.p.	4.0%	+0.2 p.p.	3.8%	-1.9 p.p.	5.7%	-1.2 p.p.	6.8%	+2.6 p.p.	4.2%	-5.2 p.p.	9.4%	-2.2 p.p.	11.6%	-1.2 p.p.	12.8%
Revenue growth (YoY)	-0.5%	-4.7 p.p.	4.2%	+7.0 p.p.	-2.7%	+13.6 p.p.	-16.4%	-21.6 p.p.	5.2%	-73.6 p.p.	78.8%	+68.3 p.p.	10.5%	+24.6 p.p.	-14.1%	-39.1 p.p.	25.0%	+27.0 p.p.	-1.9%	+11.7 p.p.	-13.6%	-16.0 p.p.	2.4%	-4.3 p.p.	6.7%	+1.8 p.p.	5.0%	-2.3 p.p.	7.3%	-5.5 p.p.	12.8%	-5.5 p.p.	18.3%	+55.0 p.p.	-36.7%	-73.6 p.p.	36.9%	+15.7 p.p.	21.2%	—	—
Effective tax rate	40.6%	-3.2 p.p.	43.8%	+28.0 p.p.	15.8%	-3.5 p.p.	19.4%	-8.3 p.p.	27.6%	+4.4 p.p.	23.3%	-8.4 p.p.	31.7%	+4.3 p.p.	27.3%	+35.2 p.p.	-7.8%	+674.7 p.p.	-682.6%	-670.8 p.p.	-11.8%	-36.4 p.p.	24.6%	+35.8 p.p.	-11.2%	+5.4 p.p.	-16.6%	-20.6 p.p.	4.1%	-6.7 p.p.	10.8%	-6.2 p.p.	17.0%	+14.3 p.p.	2.6%	-13.5 p.p.	16.1%	-2.0 p.p.	18.1%	-0.5 p.p.	18.6%
Interest coverage	3.97×	-75.1%	15.98×	+103.4%	7.86×	-87.0%	60.57×	-32.8%	90.07×	-17.1%	108.61×	+376.5%	22.79×	+107.5%	10.99×	+420.3%	2.11×	+184.8%	0.74×	+243.2%	-0.52×	+80.1%	-2.60×	-244.2%	1.80×	-19.4%	2.23×	-10.2%	2.49×	-24.0%	3.28×	-7.3%	3.53×	+96.1%	1.80×	—	—	—	5.37×	-16.1%	6.40×

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 12MQ3'25 – Q2'26	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	$1,935,416,932	+9.9%	$1,760,735,912	+52.1%	$1,157,244,371	-38.9%	$1,894,820,214	-10.5%	$2,116,917,080	+9.0%	$1,942,848,013	-26.9%	$2,658,050,847	-29.9%	$3,792,848,888	+13.4%	$3,343,940,943	-26.6%	$4,557,193,380	-10.3%	$5,081,668,050	-7.2%	$5,475,782,597	-11.8%	$6,206,063,826	+0.2%	$6,191,494,935	-4.3%	$6,469,774,094	-1.1%	$6,544,571,628	-20.1%	$8,188,303,851	+14.8%	$7,130,792,312	-21.9%	$9,125,312,823	+16.2%	$7,852,256,550	+667.1%	$1,023,622,015
Net Debt / Equity	0.19×	+3.9%	0.18×	+45.8%	0.12×	-34.1%	0.19×	-22.8%	0.24×	-4.5%	0.25×	-42.8%	0.44×	-20.8%	0.56×	+12.2%	0.50×	-20.9%	0.63×	-7.2%	0.68×	+0.5%	0.68×	+32.5%	0.51×	+6.2%	0.48×	-0.9%	0.49×	-0.6%	0.49×	-30.1%	0.70×	+4.1%	0.67×	-20.7%	0.85×	-22.0%	1.09×	+423.4%	0.21×
Net Debt / EBITDA	1.13×	-11.4%	1.27×	+67.3%	0.76×	+9.7%	0.69×	+22.2%	0.57×	+26.0%	0.45×	-77.1%	1.97×	-39.5%	3.25×	+31.1%	2.48×	-44.6%	4.47×	-59.5%	11.05×	+202.8%	-10.75×	-409.6%	3.47×	+4.2%	3.33×	+5.7%	3.15×	+27.8%	2.47×	+4.6%	2.36×	-22.9%	3.06×	+42.8%	2.14×	+20.0%	1.78×	+476.4%	0.31×
Debt / Equity	0.28×	-2.5%	0.29×	+12.9%	0.26×	+3.5%	0.25×	-16.1%	0.30×	-15.8%	0.35×	-40.6%	0.59×	-9.9%	0.66×	+7.7%	0.61×	-17.3%	0.74×	-17.0%	0.89×	+4.1%	0.85×	+40.9%	0.61×	+10.1%	0.55×	+2.3%	0.54×	-1.6%	0.55×	-27.3%	0.75×	-4.0%	0.78×	-15.4%	0.93×	-25.4%	1.24×	+306.8%	0.31×
Current ratio	2.87×	-0.8%	2.89×	-3.9%	3.01×	+16.4%	2.59×	+11.4%	2.32×	-0.2%	2.33×	+14.1%	2.04×	-17.0%	2.46×	+19.3%	2.06×	-11.7%	2.33×	+12.9%	2.06×	-26.8%	2.82×	+6.0%	2.66×	+5.9%	2.51×	+19.7%	2.10×	-17.9%	2.56×	-0.9%	2.58×	-12.3%	2.94×	+19.9%	2.45×	+5.4%	2.32×	-4.0%	2.42×
Return on equity (ROE)	4.2%	+1.6 p.p.	2.6%	-5.3 p.p.	7.9%	-7.4 p.p.	15.3%	-9.5 p.p.	24.8%	-11.6 p.p.	36.4%	+28.8 p.p.	7.6%	+3.2 p.p.	4.4%	-4.5 p.p.	8.9%	+10.4 p.p.	-1.5%	+10.4 p.p.	-11.9%	+2.3 p.p.	-14.2%	-18.6 p.p.	4.4%	-0.9 p.p.	5.2%	-0.0 p.p.	5.2%	-2.8 p.p.	8.0%	-3.0 p.p.	11.0%	+4.9 p.p.	6.1%	-9.7 p.p.	15.7%	-12.0 p.p.	27.8%	-2.9 p.p.	30.7%
Return on assets (ROA)	2.7%	+1.0 p.p.	1.7%	-3.6 p.p.	5.3%	-4.8 p.p.	10.0%	-5.5 p.p.	15.5%	-5.5 p.p.	21.0%	+17.2 p.p.	3.7%	+1.5 p.p.	2.2%	-2.3 p.p.	4.5%	+5.2 p.p.	-0.7%	+4.6 p.p.	-5.3%	+1.2 p.p.	-6.5%	-8.7 p.p.	2.2%	-0.5 p.p.	2.7%	+0.0 p.p.	2.7%	-1.3 p.p.	4.0%	-1.0 p.p.	5.0%	+2.5 p.p.	2.5%	-4.2 p.p.	6.7%	-1.9 p.p.	8.5%	-1.9 p.p.	10.4%
Book value / share	$5.24	+7.7%	$4.86	+8.8%	$4.47	-6.7%	$4.79	+1.4%	$4.73	+10.7%	$4.27	+27.4%	$3.35	-11.6%	$3.79	+0.9%	$3.76	-6.5%	$4.02	-3.3%	$4.16	-8.8%	$4.56	-32.7%	$6.78	-5.7%	$7.19	-3.7%	$7.46	-3.9%	$7.76	-0.8%	$7.83	+9.9%	$7.12	-8.0%	$7.74	+50.2%	$5.15	+47.1%	$3.50

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

P/E Ratio History

Dividend History

This year (YTD) $0.06/share · yield 1.16%

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

Gerdau trades on 6 exchanges. Prices on this page are the NYSE ADR (GGB).

Exchange	Ticker	Currency
NYSEpriced here	GGB	USD
B3 (São Paulo)	GGBR4	BRL
Latibex (Madrid)	XGER	EUR
Frankfurt	GDUA	EUR
Mexico (BMV)	GGB	MXN
Buenos Aires (BYMA)	GGB	ARS

Frequently Asked Questions

Why hold Gerdau GGB ADR instead of local B3 GGBR4 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 Gerdau listed?

Gerdau trades on 6 exchanges. The line quoted on this page is NYSE in the United States (GGB, US dollars). It also trades on B3 (São Paulo) in Brazil (GGBR4, Brazilian reais), Latibex (Madrid) in Spain (XGER, euros), Frankfurt in Germany (GDUA, euros), Mexico (BMV) in Mexico (GGB, Mexican pesos) and Buenos Aires (BYMA) in Argentina (GGB, Argentine pesos).

On how many exchanges does Gerdau trade?

6. NYSE — GGB (USD) · B3 (São Paulo) — GGBR4 (BRL) · Latibex (Madrid) — XGER (EUR) · Frankfurt — GDUA (EUR) · Mexico (BMV) — GGB (MXN) · Buenos Aires (BYMA) — GGB (ARS). Prices shown on this page are the NYSE line, GGB.

What is Gerdau's primary listing?

Gerdau's primary listing is on the B3 in Brazil, where the shares trade as GGBR4 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 GGB and GGBR4?

They are the same company and, economically, the same asset. GGBR4 is the original Brazilian share, listed on the B3 and quoted in reais. GGB 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 GGB price therefore tracks two things: GGBR4 in reais, and the USD/BRL exchange rate.

How can I buy Gerdau stock in Europe?

Gerdau trades in euros on 2 European venues: Latibex (Madrid) in Spain (XGER) and Frankfurt in Germany (GDUA). A European broker with access to any of them can buy it in EUR, with no currency conversion on your side. The price shown on this page is the NYSE line (GGB), quoted in US dollars.

How can I buy Gerdau stock in the United States?

Gerdau is listed on the NYSE under GGB, 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: August 14, 2026

← All stocks & ETFs