7.91
+4.08%
Close of 9 Nov 2026, in USD
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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 19.36bn
FY2016FY2025
Net income
BRL 2.08bn
FY2016FY2025
Free cash flow
BRL 1.55bn
FY2016FY2025
Shareholders' equity
BRL 14.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 19.36bn | BRL 18.33bn | BRL 15.68bn | BRL 15.16bn | BRL 10.30bn | BRL 6.69bn | BRL 5.58bn | BRL 4.06bn | BRL 2.51bn | BRL 1.13bn |
| Gross profit | BRL 9.79bn | BRL 8.79bn | BRL 7.55bn | BRL 7.69bn | BRL 4.52bn | BRL 2.91bn | BRL 2.82bn | BRL 1.91bn | BRL 1.19bn | BRL 509.4m |
| Research and development | — | — | — | BRL 430.4m | BRL 278.2m | — | — | — | — | — |
| Operating income | BRL 7.27bn | BRL 5.96bn | BRL 5.39bn | BRL 5.07bn | BRL 2.12bn | BRL 1.73bn | BRL 1.83bn | BRL 978.4m | BRL 791.5m | BRL 225.0m |
| Net income | BRL 2.08bn | BRL 2.12bn | BRL 1.65bn | BRL 1.50bn | BRL 1.17bn | BRL 1.29bn | BRL 1.37bn | BRL 909.3m | BRL 478.8m | BRL 127.2m |
| Diluted earnings per share | 7.16 | 6.74 | 5.18 | 4.58 | 3.51 | 3.92 | 4.16 | 2.78 | 1.60 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 74.37bn | BRL 72.90bn | BRL 55.11bn | BRL 45.33bn | BRL 5.58bn | BRL 4.30bn | BRL 3.62bn | BRL 11.42bn | BRL 4.24bn | BRL 2.37bn |
| Cash and short-term investments | BRL 6.72bn | BRL 1.42bn | BRL 6.21bn | BRL 2.93bn | BRL 462.7m | BRL 504.4m | BRL 684.5m | BRL 2.76bn | BRL 276.9m | BRL 211.2m |
| Total liabilities | BRL 59.74bn | BRL 58.23bn | BRL 41.87bn | BRL 33.49bn | BRL 3.69bn | BRL 2.50bn | BRL 1.63bn | BRL 4.84bn | BRL 3.37bn | BRL 1.74bn |
| Debt | BRL 44.34bn | BRL 40.64bn | BRL 16.38bn | BRL 12.00bn | BRL 755.3m | BRL 161.4m | — | — | BRL 52.1m | BRL 205.2m |
| Shareholders' equity | BRL 14.63bn | BRL 14.67bn | BRL 13.24bn | BRL 11.84bn | BRL 1.89bn | BRL 1.79bn | BRL 1.99bn | BRL 6.55bn | BRL 870.4m | BRL 626.9m |
| Shares outstanding | 290m | 314m | 319m | 329m | 332m | 330m | 328m | 327m | 299m | 262m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 2.57bn | −BRL 3.42bn | BRL 4.00bn | BRL 3.55bn | BRL 898.0m | BRL 2.15bn | BRL 489.1m | −BRL 1.87bn | BRL 471.3m | BRL 71.9m |
| Capital spending | −BRL 1.02bn | −BRL 2.32bn | −BRL 1.99bn | −BRL 2.14bn | −BRL 1.75bn | −BRL 2.05bn | −BRL 707.1m | −BRL 268.8m | −BRL 111.7m | −BRL 67.6m |
| Free cash flow | BRL 1.55bn | −BRL 5.74bn | BRL 2.01bn | BRL 1.41bn | −BRL 853.8m | BRL 106.1m | −BRL 218.0m | −BRL 2.14bn | BRL 359.6m | BRL 4.3m |
| Dividends paid | −BRL 604.9m | — | — | — | — | — | — | — | −BRL 56.4m | −BRL 370 |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.6% | 47.9% | 48.1% | 50.7% | 43.9% | 43.6% |
| Operating margin | 37.5% | 32.5% | 34.3% | 33.5% | 20.6% | 25.9% |
| Net margin | 10.7% | 11.5% | 10.5% | 9.9% | 11.3% | 19.3% |
| Return on equity | 14.2% | 14.4% | 12.5% | 12.7% | 61.8% | 72.0% |
| Return on assets | 2.8% | 2.9% | 3.0% | 3.3% | 20.9% | 30.1% |
| Free cash flow yield | 139.1% | -39.2% | 210.9% | 194.2% | 89.6% | 143.1% |
| Revenue growth | 5.6% | 16.9% | 3.4% | 47.2% | 54.0% | 19.8% |
| Earnings growth | -1.9% | 28.0% | 9.9% | 29.0% | -9.7% | -5.4% |
| Current ratio | 1.36x | 1.51x | 1.42x | 1.34x | 1.41x | 1.66x |
| Debt to equity | 3.03x | 2.77x | 1.24x | 1.01x | 0.43x | 0.17x |
| Equity ratio | 19.7% | 20.1% | 24.0% | 26.1% | 33.8% | 41.7% |
| Interest coverage | 1.42x | 1.59x | 1.65x | 1.61x | 2.68x | 15.86x |
| R&D as a share of sales | — | — | — | 2.8% | 2.7% | — |
| Buybacks as a share of market value | 7.5% | 1.6% | 3.0% | 1.0% | -0.7% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 23.7% | 40.1% |
| Operating income | 12.7% | 33.2% | 62.1% |
| Net income | 11.3% | 10.0% | 50.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 49.3% | 49.3% | 48.2% | 48.2% |
| Operating margin | 35.1% | 34.6% | 32.2% | 31.6% |
| Net margin | 11.1% | 10.7% | 11.5% | 12.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 6.7 | 4.6 |
| Price to sales | 0.7 | 0.5 |
Market value over time
31 Jan 2018 to 30 Sept 2026, in BRL
BRL 8.35bnBRL 2.49bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 53% | -52% |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 16 Sept 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 1.701 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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