T 
20.33
+2.26%
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 26.62bn
FY2016FY2025
Net income
BRL 4.31bn
FY2016FY2025
Free cash flow
BRL 8.79bn
FY2016FY2025
Shareholders' equity
BRL 23.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 26.62bn | BRL 25.45bn | BRL 23.83bn | BRL 21.53bn | BRL 18.06bn | BRL 17.27bn | BRL 17.38bn | BRL 16.98bn | BRL 16.23bn | BRL 15.62bn |
| Gross profit | BRL 13.51bn | BRL 13.55bn | BRL 12.34bn | BRL 10.87bn | BRL 9.46bn | BRL 9.27bn | BRL 9.94bn | BRL 9.28bn | BRL 8.49bn | BRL 7.92bn |
| Operating income | BRL 6.49bn | BRL 5.83bn | BRL 4.83bn | BRL 3.62bn | BRL 3.76bn | BRL 2.81bn | BRL 4.51bn | BRL 2.42bn | BRL 1.93bn | BRL 1.42bn |
| Net income | BRL 4.31bn | BRL 3.15bn | BRL 2.84bn | BRL 1.67bn | BRL 2.96bn | BRL 1.83bn | BRL 3.62bn | BRL 2.55bn | BRL 1.23bn | BRL 750.4m |
| Diluted earnings per share | 1.80 | 1.30 | 1.17 | 0.69 | 1.22 | 0.76 | 1.50 | 1.05 | 0.51 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 56.94bn | BRL 56.33bn | BRL 55.26bn | BRL 56.41bn | BRL 49.82bn | BRL 41.65bn | BRL 40.35bn | BRL 31.96bn | BRL 32.60bn | BRL 34.66bn |
| Cash and short-term investments | BRL 5.88bn | BRL 5.69bn | BRL 5.04bn | BRL 4.74bn | BRL 9.80bn | BRL 4.65bn | BRL 2.94bn | BRL 1.86bn | BRL 3.73bn | BRL 5.61bn |
| Total liabilities | BRL 32.96bn | BRL 29.92bn | BRL 29.24bn | BRL 31.01bn | BRL 24.71bn | BRL 18.47bn | BRL 17.92bn | BRL 12.16bn | BRL 14.45bn | BRL 17.47bn |
| Debt | BRL 16.54bn | BRL 15.61bn | BRL 16.03bn | BRL 17.80bn | BRL 12.91bn | BRL 10.72bn | BRL 9.81bn | BRL 3.60bn | BRL 6.58bn | BRL 8.52bn |
| Shareholders' equity | BRL 23.98bn | BRL 26.40bn | BRL 26.02bn | BRL 25.40bn | BRL 25.11bn | BRL 23.18bn | BRL 22.43bn | BRL 19.79bn | BRL 18.15bn | BRL 17.19bn |
| Shares outstanding | 2,402m | 2,421m | 2,421m | 2,421m | 2,420m | 2,421m | 2,421m | 2,421m | 2,422m | 2,420m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 13.33bn | BRL 12.33bn | BRL 12.42bn | BRL 9.43bn | BRL 12.76bn | BRL 8.67bn | BRL 7.06bn | BRL 6.13bn | BRL 5.40bn | BRL 4.99bn |
| Capital spending | −BRL 4.54bn | −BRL 4.55bn | −BRL 4.50bn | −BRL 4.73bn | −BRL 7.97bn | −BRL 3.89bn | −BRL 3.85bn | −BRL 3.83bn | −BRL 4.15bn | −BRL 4.50bn |
| Free cash flow | BRL 8.79bn | BRL 7.78bn | BRL 7.92bn | BRL 4.70bn | BRL 4.79bn | BRL 4.78bn | BRL 3.21bn | BRL 2.30bn | BRL 1.26bn | BRL 489.9m |
| Dividends paid | −BRL 5.36bn | −BRL 2.72bn | −BRL 2.17bn | −BRL 1.20bn | −BRL 1.04bn | −BRL 1.15bn | −BRL 770.1m | −BRL 588.2m | −BRL 332.7m | −BRL 460.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 6.97bn | BRL 6.81bn | BRL 6.92bn | BRL 6.71bn | BRL 6.60bn | BRL 6.39bn | BRL 6.63bn | BRL 6.42bn |
| Gross profit | BRL 3.86bn | BRL 3.56bn | BRL 3.63bn | BRL 3.69bn | BRL 3.51bn | BRL 3.31bn | BRL 3.57bn | BRL 3.26bn |
| Operating income | BRL 1.72bn | BRL 1.62bn | BRL 1.88bn | BRL 1.67bn | BRL 1.55bn | BRL 1.33bn | BRL 1.61bn | BRL 1.63bn |
| Net income | BRL 969.6m | BRL 817.1m | BRL 1.33bn | BRL 1.21bn | BRL 975.4m | BRL 797.6m | BRL 1.05bn | BRL 805.0m |
| Diluted earnings per share | 0.41 | 0.34 | 0.55 | 0.50 | 0.41 | 0.33 | 0.43 | 0.33 |
| Cash from operations | BRL 3.12bn | BRL 2.67bn | BRL 4.22bn | BRL 3.70bn | BRL 2.97bn | BRL 2.50bn | BRL 4.52bn | BRL 3.48bn |
| Capital spending | −BRL 934.0m | −BRL 1.35bn | −BRL 1.35bn | −BRL 973.0m | −BRL 881.0m | −BRL 1.34bn | −BRL 1.37bn | −BRL 896.0m |
| Free cash flow | BRL 2.18bn | BRL 1.31bn | BRL 2.88bn | BRL 2.73bn | BRL 2.09bn | BRL 1.16bn | BRL 3.15bn | BRL 2.58bn |
| Total assets | BRL 57.19bn | BRL 57.80bn | BRL 56.94bn | BRL 57.37bn | BRL 56.95bn | BRL 56.46bn | BRL 56.33bn | BRL 54.54bn |
| Cash and short-term investments | BRL 4.53bn | BRL 5.87bn | BRL 5.88bn | BRL 6.53bn | BRL 5.47bn | BRL 5.33bn | BRL 5.69bn | BRL 4.33bn |
| Debt | BRL 4.32bn | BRL 4.48bn | BRL 18.25bn | BRL 16.36bn | BRL 16.22bn | BRL 15.80bn | BRL 4.67bn | BRL 4.94bn |
| Shareholders' equity | BRL 25.02bn | BRL 24.42bn | BRL 23.98bn | BRL 25.21bn | BRL 25.13bn | BRL 24.46bn | BRL 26.40bn | BRL 25.98bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 50.7% | 53.3% | 51.8% | 50.5% | 52.4% | 53.7% |
| Operating margin | 24.4% | 22.9% | 20.3% | 16.8% | 20.8% | 16.5% |
| Net margin | 16.2% | 12.4% | 11.9% | 7.8% | 16.4% | 10.6% |
| Return on equity | 18.0% | 11.9% | 10.9% | 6.6% | 11.8% | 7.9% |
| Return on assets | 7.6% | 5.6% | 5.1% | 3.0% | 5.9% | 4.4% |
| Free cash flow yield | 38.4% | 36.0% | 36.1% | 30.2% | 44.2% | 26.8% |
| Revenue growth | 4.6% | 6.8% | 10.7% | 19.2% | 4.6% | -0.6% |
| Earnings growth | 36.7% | 11.2% | 69.8% | -43.5% | 61.7% | -49.5% |
| Current ratio | 0.89x | 0.99x | 0.89x | 0.79x | 1.45x | 1.25x |
| Debt to equity | 0.19x | 0.18x | 0.21x | 0.28x | 0.20x | 0.12x |
| Equity ratio | 42.1% | 46.9% | 47.1% | 45.0% | 50.4% | 55.7% |
| Interest coverage | 3.09x | 2.68x | 2.29x | 1.67x | 2.15x | 3.08x |
| Buybacks as a share of market value | 0.8% | -0.0% | 0.0% | -0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 9.0% | 4.5% |
| Operating income | 21.5% | 18.2% | 7.2% |
| Net income | 37.2% | 18.7% | 7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.0% | 51.6% | 52.0% | 52.5% |
| Operating margin | 23.7% | 21.3% | 20.6% | 18.9% |
| Net margin | 14.3% | 12.3% | 12.6% | 12.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.9 | 11.1 | 15.3 | 18.0 | 10.8 | 19.4 | 10.5 | 11.3 | 25.7 | 25.3 |
| Price to sales | 1.9 | 1.4 | 1.8 | 1.4 | 1.8 | 2.0 | 2.2 | 1.7 | 1.9 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 23 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.547 | 2.513 | 1.14 | 1.735 | 0.578 | 0.433 | 0.447 | 0.411 |
- 100-to-1 reverse split · 3 Jul 2025
- 1000-to-1 reverse split · 3 Jul 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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