U 
30.25
+1.61%
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 142.37bn
FY2016FY2025
Net income
BRL 2.45bn
FY2016FY2025
Free cash flow
BRL 1.55bn
FY2016FY2025
Shareholders' equity
BRL 15.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 142.37bn | BRL 133.50bn | BRL 126.05bn | BRL 143.63bn | BRL 109.73bn | BRL 81.24bn | BRL 89.30bn | BRL 90.70bn | BRL 80.01bn | BRL 77.35bn |
| Gross profit | BRL 9.36bn | BRL 9.69bn | BRL 9.32bn | BRL 7.36bn | BRL 4.90bn | BRL 5.61bn | BRL 6.11bn | BRL 6.16bn | BRL 7.27bn | BRL 7.01bn |
| Research and development | — | — | — | — | — | — | BRL 61.6m | BRL 63.1m | BRL 55.8m | BRL 50.1m |
| Operating income | BRL 4.59bn | BRL 5.32bn | BRL 4.57bn | BRL 3.76bn | BRL 1.79bn | BRL 1.81bn | BRL 1.40bn | BRL 1.90bn | BRL 2.87bn | BRL 3.11bn |
| Net income | BRL 2.45bn | BRL 2.36bn | BRL 2.44bn | BRL 1.80bn | BRL 850.5m | BRL 893.4m | BRL 373.5m | BRL 1.15bn | BRL 1.57bn | BRL 1.56bn |
| Diluted earnings per share | 2.26 | 2.11 | 2.21 | 1.64 | 0.78 | 0.82 | 0.16 | 0.54 | 1.44 | 1.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 50.29bn | BRL 40.23bn | BRL 38.25bn | BRL 36.44bn | BRL 39.01bn | BRL 36.25bn | BRL 31.20bn | BRL 30.50bn | BRL 28.34bn | BRL 24.16bn |
| Cash and short-term investments | BRL 7.03bn | BRL 4.62bn | BRL 6.22bn | BRL 6.14bn | BRL 4.08bn | BRL 7.69bn | BRL 5.21bn | BRL 6.79bn | BRL 6.29bn | BRL 5.69bn |
| Total liabilities | BRL 32.56bn | BRL 24.41bn | BRL 24.22bn | BRL 24.27bn | BRL 28.54bn | BRL 26.34bn | BRL 21.36bn | BRL 20.70bn | BRL 18.62bn | BRL 15.60bn |
| Debt | BRL 21.83bn | BRL 15.79bn | BRL 13.29bn | BRL 13.27bn | BRL 17.73bn | BRL 19.21bn | BRL 15.98bn | BRL 15.21bn | BRL 13.59bn | BRL 11.42bn |
| Shareholders' equity | BRL 15.67bn | BRL 15.16bn | BRL 13.51bn | BRL 11.71bn | BRL 10.07bn | BRL 9.53bn | BRL 9.46bn | BRL 9.45bn | BRL 9.38bn | BRL 8.53bn |
| Shares outstanding | 1,087m | 1,119m | 1,106m | 1,100m | 1,091m | 1,094m | 2,360m | 2,130m | 1,091m | 1,091m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 3.55bn | BRL 3.74bn | BRL 3.85bn | BRL 2.00bn | BRL 2.59bn | BRL 3.14bn | BRL 2.92bn | BRL 2.89bn | BRL 2.28bn | BRL 2.51bn |
| Capital spending | −BRL 2.01bn | −BRL 1.79bn | −BRL 1.31bn | −BRL 1.22bn | −BRL 1.28bn | −BRL 1.15bn | −BRL 1.24bn | −BRL 1.42bn | −BRL 2.06bn | −BRL 1.67bn |
| Free cash flow | BRL 1.55bn | BRL 1.95bn | BRL 2.54bn | BRL 785.7m | BRL 1.31bn | BRL 1.99bn | BRL 1.68bn | BRL 1.47bn | BRL 214.9m | BRL 847.3m |
| Dividends paid | −BRL 2.17bn | −BRL 833.7m | −BRL 400.0m | −BRL 638.3m | −BRL 705.8m | −BRL 284.8m | −BRL 596.4m | −BRL 808.6m | −BRL 940.3m | −BRL 873.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 41.52bn | BRL 36.75bn | BRL 37.95bn | BRL 37.03bn | BRL 34.06bn | BRL 33.33bn | BRL 35.40bn | BRL 35.36bn |
| Gross profit | BRL 4.62bn | BRL 3.17bn | BRL 2.59bn | BRL 2.48bn | BRL 2.15bn | BRL 2.14bn | BRL 3.24bn | BRL 2.28bn |
| Operating income | BRL 3.18bn | BRL 1.85bn | BRL 971.7m | BRL 1.43bn | BRL 991.2m | BRL 982.8m | BRL 2.11bn | BRL 1.08bn |
| Net income | BRL 1.55bn | BRL 875.6m | BRL 323.5m | BRL 709.2m | BRL 1.09bn | BRL 332.8m | BRL 841.8m | BRL 651.6m |
| Diluted earnings per share | 1.42 | 0.80 | 0.30 | 0.65 | 1.00 | 0.31 | 0.75 | 0.58 |
| Cash from operations | BRL 3.72bn | BRL 545.0m | BRL 1.74bn | BRL 1.84bn | BRL 917.0m | BRL 3.0m | BRL 2.23bn | BRL 780.0m |
| Capital spending | −BRL 411.0m | −BRL 368.0m | −BRL 670.0m | −BRL 474.0m | −BRL 478.0m | −BRL 381.0m | −BRL 687.0m | −BRL 415.0m |
| Free cash flow | BRL 3.31bn | BRL 177.0m | BRL 1.07bn | BRL 1.37bn | BRL 439.0m | −BRL 378.0m | BRL 1.54bn | BRL 365.0m |
| Total assets | BRL 52.74bn | BRL 51.08bn | BRL 50.29bn | BRL 45.56bn | BRL 45.61bn | BRL 37.75bn | BRL 40.23bn | BRL 39.32bn |
| Cash and short-term investments | BRL 9.25bn | BRL 7.16bn | BRL 7.03bn | BRL 4.02bn | BRL 3.99bn | BRL 2.74bn | BRL 4.62bn | BRL 4.23bn |
| Debt | BRL 4.77bn | BRL 19.74bn | BRL 21.83bn | BRL 18.49bn | BRL 18.94bn | BRL 15.04bn | BRL 15.79bn | BRL 15.34bn |
| Shareholders' equity | BRL 17.96bn | BRL 16.47bn | BRL 15.67bn | BRL 16.39bn | BRL 16.07bn | BRL 15.20bn | BRL 15.16bn | BRL 14.70bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 6.6% | 7.3% | 7.4% | 5.1% | 4.5% | 6.9% | — | — | — | — | — | — |
| Operating margin | 3.2% | 4.0% | 3.6% | 2.6% | 1.6% | 2.2% | — | — | — | — | — | — |
| Net margin | 1.7% | 1.8% | 1.9% | 1.3% | 0.8% | 1.1% | — | — | — | — | — | — |
| Return on equity | 15.7% | 15.6% | 18.1% | 15.4% | 8.4% | 9.4% | — | — | — | — | — | — |
| Return on assets | 4.9% | 5.9% | 6.4% | 4.9% | 2.2% | 2.5% | — | — | — | — | — | — |
| Free cash flow yield | 13.2% | 12.7% | 12.0% | 7.5% | 9.1% | 10.1% | — | — | — | — | — | — |
| Revenue growth | 6.6% | 5.9% | -12.2% | 30.9% | 35.1% | -9.0% | — | — | — | — | — | — |
| Earnings growth | 3.9% | -3.2% | 35.5% | 111.7% | -4.8% | 139.2% | — | — | — | — | — | — |
| Current ratio | 1.62x | 1.57x | 1.72x | 1.45x | 1.98x | 1.89x | — | — | — | — | — | — |
| Debt to equity | 1.30x | 0.96x | 0.89x | 1.02x | 1.65x | 1.85x | — | — | — | — | — | — |
| Equity ratio | 31.2% | 37.7% | 35.3% | 32.1% | 25.8% | 26.3% | — | — | — | — | — | — |
| Interest coverage | 1.79x | 3.88x | 2.81x | 2.36x | 1.96x | 2.11x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 2.8% | -1.2% | -0.5% | -0.9% | 0.3% | 53.6% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.3% | 11.9% | 6.5% |
| Operating income | 6.9% | 20.4% | 4.5% |
| Net income | 10.9% | 22.4% | 5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.9% | 6.5% | 6.3% | 6.9% |
| Operating margin | 3.6% | 3.3% | 3.0% | 3.0% |
| Net margin | 1.7% | 1.7% | 1.5% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.3 | 7.5 | 12.0 | 7.7 | 18.6 | 13.4 | 74.2 | 22.7 | 12.0 | 11.0 |
| Price to sales | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 25 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 1.75 | 0.65 | 0.35 | 0.583 | 0.64 | 0.24 | 0.55 |
- 2-for-1 split · 18 Apr 2019
- 1000-to-1 reverse split · 23 Aug 2005
- 1.15-for-1 split · 11 Feb 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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