T 
32.15
+1.80%
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 59.59bn
FY2016FY2025
Net income
BRL 6.17bn
FY2016FY2025
Free cash flow
BRL 11.26bn
FY2016FY2025
Shareholders' equity
BRL 68.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 59.59bn | BRL 55.85bn | BRL 52.10bn | BRL 48.04bn | BRL 44.03bn | BRL 43.13bn | BRL 44.27bn | BRL 43.46bn | BRL 43.21bn | BRL 42.51bn |
| Gross profit | BRL 24.09bn | BRL 24.49bn | BRL 22.68bn | BRL 20.61bn | BRL 19.25bn | BRL 20.43bn | BRL 22.11bn | BRL 22.44bn | BRL 22.93bn | BRL 21.69bn |
| Operating income | BRL 9.07bn | BRL 8.67bn | BRL 7.92bn | BRL 6.60bn | BRL 7.09bn | BRL 6.58bn | BRL 7.21bn | BRL 9.46bn | BRL 6.63bn | BRL 6.37bn |
| Net income | BRL 6.17bn | BRL 5.55bn | BRL 5.03bn | BRL 4.09bn | BRL 6.24bn | BRL 4.77bn | BRL 5.00bn | BRL 8.93bn | BRL 4.61bn | BRL 4.09bn |
| Diluted earnings per share | 1.91 | 3.40 | 3.05 | 2.45 | 3.72 | 2.83 | 2.96 | 5.29 | 2.73 | 2.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 128.07bn | BRL 124.94bn | BRL 120.74bn | BRL 119.12bn | BRL 115.74bn | BRL 108.74bn | BRL 108.29bn | BRL 102.56bn | BRL 101.38bn | BRL 102.07bn |
| Cash and short-term investments | BRL 7.24bn | BRL 6.69bn | BRL 4.36bn | BRL 2.27bn | BRL 6.45bn | BRL 5.76bn | BRL 3.39bn | BRL 3.38bn | BRL 4.05bn | BRL 5.11bn |
| Total liabilities | BRL 59.07bn | BRL 55.14bn | BRL 51.11bn | BRL 50.67bn | BRL 45.66bn | BRL 39.18bn | BRL 37.83bn | BRL 30.95bn | BRL 31.92bn | BRL 32.82bn |
| Debt | BRL 20.35bn | BRL 20.75bn | BRL 18.74bn | BRL 19.30bn | BRL 16.93bn | BRL 13.24bn | BRL 13.82bn | BRL 6.14bn | BRL 8.46bn | BRL 9.22bn |
| Shareholders' equity | BRL 68.72bn | BRL 69.73bn | BRL 69.57bn | BRL 68.40bn | BRL 70.01bn | BRL 69.56bn | BRL 70.46bn | BRL 71.61bn | BRL 69.46bn | BRL 69.24bn |
| Shares outstanding | 3,224m | 1,632m | 1,651m | 1,670m | 1,677m | 1,688m | 1,689m | 1,689m | 1,689m | 1,689m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 20.72bn | BRL 19.88bn | BRL 18.79bn | BRL 18.94bn | BRL 18.07bn | BRL 19.34bn | BRL 17.72bn | BRL 11.94bn | BRL 12.64bn | BRL 11.44bn |
| Capital spending | −BRL 9.46bn | −BRL 9.32bn | −BRL 8.81bn | −BRL 9.89bn | −BRL 9.30bn | −BRL 8.29bn | −BRL 8.84bn | −BRL 8.52bn | −BRL 8.37bn | −BRL 7.47bn |
| Free cash flow | BRL 11.26bn | BRL 10.55bn | BRL 9.97bn | BRL 9.05bn | BRL 8.78bn | BRL 11.05bn | BRL 8.88bn | BRL 3.42bn | BRL 4.27bn | BRL 3.97bn |
| Dividends paid | −BRL 2.19bn | −BRL 2.53bn | −BRL 3.83bn | −BRL 5.71bn | −BRL 4.90bn | −BRL 5.26bn | −BRL 6.18bn | −BRL 4.14bn | −BRL 3.67bn | −BRL 2.97bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 15.76bn | BRL 15.46bn | BRL 15.61bn | BRL 14.95bn | BRL 14.64bn | BRL 14.39bn | BRL 14.58bn | BRL 14.04bn |
| Gross profit | BRL 12.81bn | BRL 6.28bn | −BRL 5.78bn | BRL 6.16bn | BRL 11.97bn | BRL 11.73bn | BRL 6.15bn | BRL 6.24bn |
| Operating income | BRL 2.60bn | BRL 2.29bn | BRL 2.40bn | BRL 2.45bn | BRL 2.24bn | BRL 1.99bn | BRL 2.43bn | BRL 2.29bn |
| Net income | BRL 1.57bn | BRL 1.26bn | BRL 1.88bn | BRL 1.89bn | BRL 1.34bn | BRL 1.06bn | BRL 1.76bn | BRL 1.67bn |
| Diluted earnings per share | 0.49 | 0.39 | 0.58 | 0.59 | 0.42 | 0.33 | 1.08 | 1.02 |
| Cash from operations | BRL 5.15bn | BRL 5.30bn | BRL 5.14bn | BRL 4.61bn | BRL 5.87bn | BRL 5.09bn | BRL 4.57bn | BRL 4.66bn |
| Capital spending | −BRL 2.26bn | −BRL 2.41bn | −BRL 2.44bn | −BRL 2.35bn | −BRL 2.24bn | −BRL 2.42bn | −BRL 2.70bn | −BRL 2.40bn |
| Free cash flow | BRL 2.90bn | BRL 2.88bn | BRL 2.71bn | BRL 2.25bn | BRL 3.63bn | BRL 2.67bn | BRL 1.87bn | BRL 2.26bn |
| Total assets | BRL 128.91bn | BRL 130.48bn | BRL 128.07bn | BRL 123.90bn | BRL 126.47bn | BRL 126.61bn | BRL 124.94bn | BRL 123.67bn |
| Cash and short-term investments | BRL 8.48bn | BRL 9.27bn | BRL 7.24bn | BRL 6.90bn | BRL 9.45bn | BRL 8.19bn | BRL 6.69bn | BRL 6.78bn |
| Debt | BRL 24.42bn | BRL 19.87bn | BRL 25.23bn | BRL 22.60bn | BRL 24.95bn | BRL 25.10bn | BRL 20.75bn | BRL 19.26bn |
| Shareholders' equity | BRL 65.43bn | BRL 69.50bn | BRL 68.72bn | BRL 68.44bn | BRL 68.07bn | BRL 68.07bn | BRL 69.73bn | BRL 69.03bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 40.4% | 43.9% | 43.5% | 42.9% | 43.7% | 47.4% |
| Operating margin | 15.2% | 15.5% | 15.2% | 13.7% | 16.1% | 15.3% |
| Net margin | 10.3% | 9.9% | 9.7% | 8.5% | 14.2% | 11.1% |
| Return on equity | 9.0% | 8.0% | 7.2% | 6.0% | 8.9% | 6.9% |
| Return on assets | 4.8% | 4.4% | 4.2% | 3.4% | 5.4% | 4.4% |
| Free cash flow yield | 31.1% | 59.5% | 55.6% | 57.4% | 54.3% | 54.4% |
| Revenue growth | 6.7% | 7.2% | 8.4% | 9.1% | 2.1% | -2.6% |
| Earnings growth | 11.2% | 10.3% | 23.1% | -34.5% | 30.8% | -4.6% |
| Current ratio | 1.00x | 0.94x | 0.96x | 0.78x | 0.94x | 1.07x |
| Debt to equity | 0.14x | 0.14x | 0.13x | 0.16x | 0.24x | 0.19x |
| Equity ratio | 53.7% | 55.8% | 57.6% | 57.4% | 60.5% | 64.0% |
| Interest coverage | 3.62x | 3.77x | 3.51x | 2.86x | 6.34x | 8.46x |
| Buybacks as a share of market value | -97.5% | 1.1% | 1.2% | 0.4% | 0.7% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.4% | 6.7% | 4.0% |
| Operating income | 11.2% | 6.6% | 5.6% |
| Net income | 14.7% | 5.3% | 6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.1% | 42.6% | 43.5% | 46.6% |
| Operating margin | 15.4% | 15.0% | 15.2% | 15.7% |
| Net margin | 10.1% | 9.7% | 10.5% | 11.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Price to sales | 1.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 28 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.212 | 1.01 | 1.564 | 1.57 | 1.528 | 1.731 | 2.393 | 0.996 |
- 80-for-1 split · 15 Apr 2025
- 1-to-1 reverse split · 27 Jun 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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