C 
44.70
+2.50%
Close of 9 Nov 2026, in BRL
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 44.37bn
FY2016FY2025
Net income
BRL 5.48bn
FY2016FY2025
Free cash flow
BRL 6.79bn
FY2016FY2025
Shareholders' equity
BRL 22.49bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 44.37bn | BRL 42.63bn | BRL 39.74bn | BRL 39.35bn | BRL 39.21bn | BRL 30.90bn | BRL 29.93bn | BRL 28.14bn | BRL 26.74bn | BRL 19.11bn |
| Gross profit | BRL 13.66bn | BRL 13.57bn | BRL 13.59bn | BRL 11.84bn | BRL 8.84bn | BRL 6.53bn | BRL 6.13bn | BRL 5.43bn | BRL 4.61bn | BRL 3.95bn |
| Operating income | BRL 11.08bn | BRL 10.46bn | BRL 10.23bn | BRL 9.44bn | BRL 7.09bn | BRL 4.85bn | BRL 4.56bn | BRL 3.89bn | BRL 3.02bn | BRL 2.62bn |
| Net income | BRL 5.48bn | BRL 5.46bn | BRL 5.53bn | BRL 5.10bn | BRL 4.75bn | BRL 3.64bn | BRL 2.70bn | BRL 2.06bn | BRL 1.18bn | BRL 900.9m |
| Diluted earnings per share | 4.76 | 4.74 | 4.80 | 4.43 | 4.12 | 3.16 | 2.35 | 2.02 | 1.16 | 0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 81.10bn | BRL 77.13bn | BRL 74.97bn | BRL 71.15bn | BRL 66.12bn | BRL 49.11bn | BRL 44.08bn | BRL 42.21bn | BRL 41.28bn | BRL 42.17bn |
| Cash and short-term investments | BRL 3.08bn | BRL 3.55bn | BRL 5.53bn | BRL 4.60bn | BRL 2.79bn | BRL 5.79bn | BRL 3.88bn | BRL 3.22bn | BRL 3.48bn | BRL 6.18bn |
| Total liabilities | BRL 57.60bn | BRL 55.33bn | BRL 54.97bn | BRL 53.61bn | BRL 49.31bn | BRL 34.87bn | BRL 30.80bn | BRL 29.68bn | BRL 30.10bn | BRL 31.80bn |
| Debt | BRL 29.06bn | BRL 31.27bn | BRL 29.58bn | BRL 28.19bn | BRL 24.93bn | BRL 21.28bn | BRL 18.91bn | BRL 20.38bn | BRL 20.17bn | BRL 21.61bn |
| Shareholders' equity | BRL 22.49bn | BRL 20.73bn | BRL 18.88bn | BRL 16.26bn | BRL 15.15bn | BRL 13.94bn | BRL 12.99bn | BRL 10.26bn | BRL 8.96bn | BRL 7.97bn |
| Shares outstanding | 1,152m | 1,152m | 1,152m | 1,152m | 1,152m | 1,152m | 1,152m | 1,018m | 1,018m | 1,018m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 7.16bn | BRL 6.79bn | BRL 8.90bn | BRL 8.98bn | BRL 3.86bn | BRL 6.36bn | BRL 5.79bn | BRL 856.7m | BRL 2.03bn | BRL 4.63bn |
| Capital spending | −BRL 369.9m | −BRL 531.0m | −BRL 678.2m | −BRL 395.7m | −BRL 575.5m | −BRL 357.1m | −BRL 208.1m | −BRL 292.9m | −BRL 2.57bn | −BRL 2.24bn |
| Free cash flow | BRL 6.79bn | BRL 6.26bn | BRL 8.22bn | BRL 8.59bn | BRL 3.29bn | BRL 6.00bn | BRL 5.58bn | BRL 563.8m | −BRL 536.4m | BRL 2.40bn |
| Dividends paid | −BRL 3.52bn | −BRL 3.48bn | −BRL 3.57bn | −BRL 3.87bn | −BRL 4.30bn | −BRL 2.12bn | −BRL 528.2m | −BRL 322.2m | −BRL 336.9m | −BRL 231.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 11.11bn | BRL 11.34bn | BRL 11.83bn | BRL 11.33bn | BRL 10.55bn | BRL 10.66bn | BRL 11.95bn | BRL 10.85bn |
| Gross profit | BRL 3.73bn | BRL 3.89bn | BRL 3.62bn | BRL 3.30bn | BRL 3.18bn | BRL 3.91bn | BRL 3.59bn | BRL 3.17bn |
| Operating income | BRL 3.03bn | BRL 3.30bn | BRL 2.81bn | BRL 2.68bn | BRL 2.52bn | BRL 3.25bn | BRL 2.61bn | BRL 2.70bn |
| Net income | BRL 1.37bn | BRL 1.83bn | BRL 1.50bn | BRL 1.31bn | BRL 1.12bn | BRL 1.55bn | BRL 1.47bn | BRL 1.26bn |
| Diluted earnings per share | 1.19 | 1.59 | 1.30 | 1.14 | 0.98 | 1.35 | 1.27 | 1.10 |
| Cash from operations | BRL 1.71bn | BRL 1.53bn | BRL 1.25bn | BRL 1.92bn | BRL 1.89bn | BRL 2.09bn | BRL 1.96bn | BRL 2.00bn |
| Capital spending | −BRL 100.0m | −BRL 47.0m | −BRL 127.0m | −BRL 126.0m | −BRL 67.0m | −BRL 63.0m | −BRL 150.0m | −BRL 154.0m |
| Free cash flow | BRL 1.61bn | BRL 1.48bn | BRL 1.13bn | BRL 1.79bn | BRL 1.83bn | BRL 2.03bn | BRL 1.81bn | BRL 1.84bn |
| Total assets | BRL 83.46bn | BRL 83.99bn | BRL 81.10bn | BRL 82.45bn | BRL 79.24bn | BRL 78.71bn | BRL 77.13bn | BRL 75.54bn |
| Cash and short-term investments | BRL 3.99bn | BRL 5.75bn | BRL 3.08bn | BRL 5.89bn | BRL 4.21bn | BRL 4.05bn | BRL 3.94bn | BRL 3.98bn |
| Debt | BRL 36.13bn | BRL 35.97bn | BRL 29.06bn | BRL 28.76bn | BRL 28.93bn | BRL 28.31bn | BRL 28.79bn | BRL 28.57bn |
| Shareholders' equity | BRL 22.72bn | BRL 24.30bn | BRL 22.49bn | BRL 22.67bn | BRL 21.48bn | BRL 22.25bn | BRL 20.73bn | BRL 20.42bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 30.8% | 31.8% | 34.2% | 30.1% | 22.5% | 21.1% | — | — | — | — | — | — |
| Operating margin | 25.0% | 24.5% | 25.7% | 24.0% | 18.1% | 15.7% | — | — | — | — | — | — |
| Net margin | 12.4% | 12.8% | 13.9% | 13.0% | 12.1% | 11.8% | — | — | — | — | — | — |
| Return on equity | 24.4% | 26.3% | 29.3% | 31.4% | 31.3% | 26.1% | — | — | — | — | — | — |
| Return on assets | 6.8% | 7.1% | 7.4% | 7.2% | 7.2% | 7.4% | — | — | — | — | — | — |
| Free cash flow yield | 14.6% | 14.2% | 18.6% | 18.2% | 8.6% | 13.0% | — | — | — | — | — | — |
| Revenue growth | 4.1% | 7.3% | 1.0% | 0.4% | 26.9% | 3.2% | — | — | — | — | — | — |
| Earnings growth | 0.5% | -1.3% | 8.4% | 7.4% | 30.3% | 34.8% | — | — | — | — | — | — |
| Current ratio | 0.93x | 0.95x | 0.91x | 1.02x | 1.20x | 0.96x | — | — | — | — | — | — |
| Debt to equity | 1.49x | 1.51x | 1.72x | 1.74x | 1.48x | 1.53x | — | — | — | — | — | — |
| Equity ratio | 27.7% | 26.9% | 25.2% | 22.8% | 22.9% | 28.4% | — | — | — | — | — | — |
| Interest coverage | 3.92x | 4.12x | 4.64x | 4.93x | 9.37x | 6.11x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 1.1% | 1.1% | 0.9% | 0.8% | 0.7% | 0.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.1% | 7.5% | 8.0% |
| Operating income | 5.5% | 18.0% | 17.3% |
| Net income | 2.5% | 8.5% | 20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.3% | 31.7% | 28.8% | 25.6% |
| Operating margin | 24.8% | 24.8% | 22.5% | 19.3% |
| Net margin | 12.6% | 13.0% | 12.7% | 10.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.7 | 6.7 | 8.0 | 7.5 | 6.5 | 10.3 | 15.2 | 14.3 | 16.7 | 28.5 |
| Price to sales | 1.3 | 0.8 | 1.1 | 1.0 | 0.8 | 1.2 | 1.4 | 1.0 | 0.7 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.732 | 1.184 | 0.373 | 0.87 | 5.905 | 2.834 | 1.801 | 0.48 |
- 1.011-for-1 split · 2 May 2016
- 1.032-for-1 split · 30 Apr 2015
- 1-to-1 reverse split · 27 Jul 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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