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E

Equatorial EQTL3.SA · BRL

Utilities · B3 · 🇧🇷 Brazil

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34.82

+2.20%

Close of 9 Nov 2026, in BRL

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At a glance

Figures in BRL, from our data supplier.

FY2025

Revenue

BRL 52.07bn

FY2016FY2025

Net income

BRL 1.68bn

FY2016FY2025

Free cash flow

−BRL 4.12bn

FY2016FY2025

Shareholders' equity

BRL 25.75bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueBRL 52.07bnBRL 43.17bnBRL 40.99bnBRL 27.13bnBRL 23.61bnBRL 17.89bnBRL 18.80bnBRL 11.03bnBRL 8.82bnBRL 7.80bn
Gross profitBRL 12.28bnBRL 12.22bnBRL 12.14bnBRL 8.57bnBRL 6.27bnBRL 5.99bnBRL 5.73bnBRL 2.69bnBRL 2.37bnBRL 2.00bn
Operating incomeBRL 5.29bnBRL 8.79bnBRL 8.22bnBRL 5.45bnBRL 5.07bnBRL 4.75bnBRL 4.31bnBRL 2.08bnBRL 1.41bnBRL 1.18bn
Net incomeBRL 1.68bnBRL 2.81bnBRL 2.08bnBRL 1.37bnBRL 3.69bnBRL 2.98bnBRL 2.42bnBRL 917.9mBRL 997.3mBRL 712.2m
Diluted earnings per share1.331.841.661.223.362.922.370.910.980.70

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsBRL 109.60bnBRL 116.41bnBRL 103.64bnBRL 90.62bnBRL 61.71bnBRL 44.12bnBRL 37.53bnBRL 25.51bnBRL 17.49bnBRL 14.22bn
Cash and short-term investmentsBRL 10.48bnBRL 13.04bnBRL 12.24bnBRL 7.88bnBRL 10.37bnBRL 7.62bnBRL 5.83bnBRL 4.97bnBRL 4.17bnBRL 3.06bn
Total liabilitiesBRL 81.28bnBRL 86.52bnBRL 78.36bnBRL 72.05bnBRL 47.11bnBRL 31.85bnBRL 27.76bnBRL 18.95bnBRL 11.74bnBRL 9.35bn
DebtBRL 54.57bnBRL 55.93bnBRL 46.56bnBRL 41.30bnBRL 25.46bnBRL 17.82bnBRL 16.84bnBRL 11.54bnBRL 6.97bnBRL 4.83bn
Shareholders' equityBRL 25.75bnBRL 26.11bnBRL 21.09bnBRL 16.61bnBRL 12.76bnBRL 10.46bnBRL 8.11bnBRL 5.60bnBRL 4.79bnBRL 4.02bn
Shares outstanding1,258m1,530m1,251m1,127m1,100m1,017m1,018m1,006m1,016m1,011m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsBRL 3.97bnBRL 4.25bnBRL 4.35bnBRL 3.47bnBRL 1.30bnBRL 3.48bn−BRL 651.2mBRL 1.84bnBRL 1.06bnBRL 867.7m
Capital spending−BRL 8.10bn−BRL 40.7m−BRL 83.1m−BRL 235.2m−BRL 974.1m−BRL 6.6m−BRL 433.4m−BRL 192.9m−BRL 1.11bn−BRL 1.16bn
Free cash flow−BRL 4.12bnBRL 4.21bnBRL 4.27bnBRL 3.23bnBRL 330.2mBRL 3.47bn−BRL 1.08bnBRL 1.65bn−BRL 52.3m−BRL 295.8m
Dividends paid−BRL 5.37bn−BRL 1.43bn−BRL 796.7m−BRL 1.09bn−BRL 1.22bn−BRL 651.5m−BRL 488.4m−BRL 335.5m−BRL 263.9m−BRL 260.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueBRL 13.74bnBRL 12.75bnBRL 13.42bnBRL 13.40bnBRL 12.12bnBRL 11.09bnBRL 11.82bnBRL 12.36bn
Gross profitBRL 5.01bnBRL 3.19bnBRL 3.97bnBRL 2.75bnBRL 2.71bnBRL 2.85bnBRL 2.52bnBRL 3.26bn
Operating incomeBRL 2.63bnBRL 1.69bn−BRL 1.97bnBRL 1.88bnBRL 2.30bnBRL 1.90bnBRL 2.16bnBRL 2.82bn
Net incomeBRL 485.0mBRL 424.5m−BRL 421.0mBRL 468.9mBRL 1.07bnBRL 556.2mBRL 1.26bnBRL 760.1m
Diluted earnings per share0.390.34-0.330.370.850.440.830.50
Cash from operationsBRL 17.0mBRL 683.0mBRL 1.24bnBRL 1.01bnBRL 882.0mBRL 836.0mBRL 1.31bnBRL 2.03bn
Capital spending−BRL 2.06bn−BRL 1.99bn−BRL 1.35bn−BRL 2.39bn−BRL 84.0m−BRL 8.0m−BRL 20.0m−BRL 119.0m
Free cash flow−BRL 2.04bn−BRL 1.30bn−BRL 108.0m−BRL 1.37bnBRL 798.0mBRL 828.0mBRL 1.29bnBRL 1.91bn
Total assetsBRL 118.94bnBRL 111.79bnBRL 109.60bnBRL 126.17bnBRL 116.70bnBRL 115.72bnBRL 116.41bnBRL 112.39bn
Cash and short-term investmentsBRL 9.22bnBRL 10.89bnBRL 10.48bnBRL 14.96bnBRL 9.41bnBRL 10.50bnBRL 13.04bnBRL 10.28bn
DebtBRL 63.40bnBRL 56.87bnBRL 54.61bnBRL 62.53bnBRL 55.25bnBRL 54.58bnBRL 55.96bnBRL 51.90bn
Shareholders' equityBRL 26.13bnBRL 25.69bnBRL 25.75bnBRL 28.55bnBRL 28.00bnBRL 26.78bnBRL 26.11bnBRL 25.68bn

Financial ratios

Data as of 18 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin23.6%28.3%29.6%31.6%26.5%33.5%
Operating margin10.2%20.4%20.1%20.1%21.5%26.5%
Net margin3.2%6.5%5.1%5.1%15.6%16.6%
Return on equity6.5%10.8%9.8%8.3%29.0%28.4%
Return on assets1.5%2.4%2.0%1.5%6.0%6.7%
Free cash flow yield24.5%7.2%9.0%8.4%5.3%8.8%
Revenue growth20.6%5.3%51.1%14.9%32.0%-4.8%
Earnings growth-40.3%35.5%51.1%-62.8%24.2%23.2%
Current ratio1.49x1.46x1.54x0.98x1.67x1.68x
Debt to equity2.12x2.14x2.20x2.48x1.99x1.70x
Equity ratio23.5%22.4%20.4%18.3%20.7%23.7%
Interest coverage0.84x2.02x1.58x1.98x3.48x6.06x
Buybacks as a share of market value17.8%-22.3%-11.0%-2.4%-8.1%0.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue24.3%23.8%22.1%
Operating income-0.9%2.2%22.5%
Net income6.9%-10.8%7.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin25.7%27.7%28.0%27.8%
Operating margin14.8%17.0%18.3%18.3%
Net margin4.7%4.9%7.1%7.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings28.414.921.522.16.77.99.616.313.415.4
Price to sales0.91.01.11.11.11.31.21.41.51.4

Dividends and splits

Per share, in the currency the company pays

Paid for 19 years. Last went ex-dividend on 30 Dec 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year1.7520.5360.3490.6390.720.320.190.22
  • 5-for-1 split · 28 Nov 2019
  • 3-to-1 reverse split · 7 Apr 2008

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.