F 
20.96
+4.49%
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 8.29bn
FY2016FY2025
Net income
BRL 612.8m
FY2016FY2025
Free cash flow
BRL 1.31bn
FY2016FY2025
Shareholders' equity
BRL 5.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 8.29bn | BRL 7.68bn | BRL 6.47bn | BRL 4.46bn | BRL 3.87bn | BRL 2.97bn | BRL 2.91bn | BRL 2.66bn | BRL 2.38bn | BRL 2.10bn |
| Gross profit | BRL 1.99bn | BRL 2.14bn | BRL 1.59bn | BRL 1.21bn | BRL 1.13bn | BRL 809.7m | BRL 888.4m | BRL 808.5m | BRL 736.1m | BRL 601.1m |
| Operating income | BRL 1.22bn | BRL 1.32bn | BRL 915.9m | BRL 735.0m | BRL 667.3m | BRL 488.8m | BRL 583.0m | BRL 503.2m | BRL 476.9m | BRL 338.9m |
| Net income | BRL 612.8m | BRL 616.2m | BRL 423.8m | BRL 307.9m | BRL 349.9m | BRL 257.0m | BRL 312.3m | BRL 331.6m | BRL 320.6m | BRL 228.7m |
| Diluted earnings per share | 1.12 | 1.13 | 0.88 | 0.86 | 0.79 | 0.76 | 0.92 | 0.97 | 0.90 | 0.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 13.22bn | BRL 13.06bn | BRL 11.58bn | BRL 7.79bn | BRL 6.07bn | BRL 5.51bn | BRL 5.10bn | BRL 3.91bn | BRL 3.53bn | BRL 3.01bn |
| Cash and short-term investments | BRL 2.16bn | BRL 2.34bn | BRL 924.1m | BRL 1.31bn | BRL 797.1m | BRL 1.04bn | BRL 804.3m | BRL 808.9m | BRL 671.8m | BRL 406.8m |
| Total liabilities | BRL 8.12bn | BRL 7.69bn | BRL 6.47bn | BRL 5.09bn | BRL 4.22bn | BRL 3.76bn | BRL 3.34bn | BRL 2.16bn | BRL 1.82bn | BRL 1.47bn |
| Debt | BRL 4.35bn | BRL 4.40bn | BRL 4.24bn | BRL 3.68bn | BRL 2.95bn | BRL 2.69bn | BRL 2.38bn | BRL 1.27bn | BRL 1.06bn | BRL 832.0m |
| Shareholders' equity | BRL 5.00bn | BRL 5.29bn | BRL 5.08bn | BRL 2.68bn | BRL 1.85bn | BRL 1.75bn | BRL 1.76bn | BRL 1.75bn | BRL 1.71bn | BRL 1.54bn |
| Shares outstanding | 545m | 544m | 484m | 356m | 442m | 337m | 340m | 341m | 356m | 338m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 1.57bn | BRL 1.93bn | BRL 1.44bn | BRL 987.1m | BRL 1.02bn | BRL 647.1m | BRL 732.3m | BRL 701.5m | BRL 529.6m | BRL 539.6m |
| Capital spending | −BRL 260.6m | −BRL 488.1m | −BRL 413.8m | −BRL 413.1m | −BRL 413.3m | −BRL 187.8m | −BRL 207.9m | −BRL 326.3m | −BRL 295.6m | −BRL 184.0m |
| Free cash flow | BRL 1.31bn | BRL 1.44bn | BRL 1.03bn | BRL 574.0m | BRL 605.4m | BRL 459.3m | BRL 524.5m | BRL 375.1m | BRL 234.0m | BRL 355.6m |
| Dividends paid | −BRL 513.1m | −BRL 343.4m | −BRL 510.1m | −BRL 337.2m | −BRL 296.1m | −BRL 228.9m | −BRL 307.5m | −BRL 303.2m | −BRL 130.1m | −BRL 384.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 2.32bn | BRL 2.22bn | BRL 2.06bn | BRL 2.19bn | BRL 2.02bn | BRL 2.02bn | BRL 1.84bn | BRL 1.96bn |
| Gross profit | BRL 592.7m | BRL 628.1m | BRL 430.1m | BRL 615.9m | BRL 528.0m | BRL 572.1m | BRL 453.6m | BRL 557.0m |
| Operating income | BRL 395.7m | BRL 383.7m | BRL 217.2m | BRL 366.4m | BRL 306.9m | BRL 337.8m | BRL 196.7m | BRL 340.1m |
| Net income | BRL 221.8m | BRL 201.2m | BRL 96.3m | BRL 184.9m | BRL 152.3m | BRL 179.3m | BRL 83.9m | BRL 190.7m |
| Diluted earnings per share | 0.41 | 0.37 | 0.18 | 0.34 | 0.28 | 0.33 | 0.15 | 0.35 |
| Cash from operations | BRL 418.0m | BRL 264.0m | BRL 323.0m | BRL 718.0m | BRL 487.0m | BRL 322.0m | BRL 563.0m | BRL 558.0m |
| Capital spending | −BRL 37.0m | −BRL 60.0m | −BRL 73.0m | −BRL 125.0m | −BRL 141.0m | −BRL 66.0m | −BRL 210.0m | −BRL 112.0m |
| Free cash flow | BRL 381.0m | BRL 204.0m | BRL 250.0m | BRL 593.0m | BRL 346.0m | BRL 256.0m | BRL 353.0m | BRL 446.0m |
| Total assets | BRL 13.56bn | BRL 13.33bn | BRL 13.22bn | BRL 13.58bn | BRL 13.07bn | BRL 13.27bn | BRL 13.06bn | BRL 13.03bn |
| Cash and short-term investments | BRL 1.90bn | BRL 2.15bn | BRL 2.16bn | BRL 2.51bn | BRL 2.08bn | BRL 2.46bn | BRL 2.34bn | BRL 2.24bn |
| Debt | BRL 919.1m | BRL 4.45bn | BRL 5.27bn | BRL 5.51bn | BRL 5.36bn | BRL 5.50bn | BRL 5.39bn | BRL 5.17bn |
| Shareholders' equity | BRL 5.42bn | BRL 5.18bn | BRL 5.00bn | BRL 5.40bn | BRL 5.38bn | BRL 5.23bn | BRL 5.29bn | BRL 5.34bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 24.0% | 27.9% | 24.5% | 27.1% | 29.1% | 27.2% | — |
| Operating margin | 14.8% | 17.2% | 15.7% | 18.3% | 17.9% | 16.4% | — |
| Net margin | 7.4% | 8.0% | 6.5% | 6.9% | 9.0% | 8.6% | — |
| Return on equity | 12.3% | 11.6% | 8.3% | 11.5% | 19.0% | 14.7% | — |
| Return on assets | 4.6% | 4.7% | 3.7% | 4.0% | 5.8% | 4.7% | — |
| Free cash flow yield | 13.0% | 17.3% | 14.9% | 15.3% | 12.6% | 9.6% | — |
| Revenue growth | 7.9% | 18.8% | 45.0% | 15.2% | 30.3% | 2.3% | — |
| Earnings growth | -0.5% | 45.4% | 37.6% | -12.0% | 36.2% | -17.7% | — |
| Current ratio | 1.97x | 2.51x | 1.66x | 1.94x | 1.44x | 1.70x | — |
| Debt to equity | 0.87x | 0.83x | 0.61x | 1.02x | 1.22x | 1.15x | — |
| Equity ratio | 37.8% | 40.5% | 43.9% | 34.4% | 30.4% | 31.7% | — |
| Interest coverage | 1.70x | 2.48x | 2.05x | 1.97x | 3.49x | 3.17x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% |
| Buybacks as a share of market value | -0.1% | -12.4% | -35.9% | 19.5% | -31.1% | 0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.9% | 22.8% | 15.9% |
| Operating income | 18.5% | 20.2% | 17.9% |
| Net income | 25.8% | 19.0% | 19.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.9% | 25.8% | 26.3% | 27.1% |
| Operating margin | 16.0% | 15.6% | 15.9% | 16.4% |
| Net margin | 7.7% | 7.3% | 7.6% | 8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.0 | 10.7 | 20.6 | 17.0 | 21.4 | 33.5 | 31.4 | 19.2 | 31.0 | 24.8 |
| Price to sales | 1.0 | 0.8 | 1.4 | 1.2 | 1.9 | 2.9 | 3.4 | 2.4 | 4.2 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 12 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.401 | 1.675 | 0.699 | 0.435 | 0.95 | 0.682 | 0.81 | 0.943 |
- 21-for-20 split · 13 Jun 2023
- 2-for-1 split · 27 Jun 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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