V 
12.52
+2.37%
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 3.56bn
FY2016FY2025
Net income
BRL 1.17bn
FY2016FY2025
Free cash flow
BRL 313.4m
FY2016FY2025
Shareholders' equity
BRL 2.43bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 3.56bn | BRL 3.05bn | BRL 2.82bn | BRL 2.54bn | BRL 1.87bn | BRL 1.18bn | BRL 1.36bn | BRL 1.25bn | BRL 1.26bn | BRL 1.13bn |
| Gross profit | BRL 1.44bn | BRL 1.28bn | BRL 1.18bn | BRL 937.4m | BRL 659.4m | BRL 348.2m | BRL 471.8m | BRL 448.6m | BRL 482.4m | BRL 392.6m |
| Research and development | — | — | — | — | — | — | BRL 41.9m | BRL 37.7m | BRL 31.9m | BRL 18.0m |
| Operating income | BRL 765.5m | BRL 542.6m | BRL 589.4m | BRL 435.4m | BRL 305.3m | BRL 54.3m | BRL 151.8m | BRL 155.0m | BRL 234.0m | BRL 117.4m |
| Net income | BRL 1.17bn | BRL 569.9m | BRL 494.9m | BRL 469.9m | BRL 313.8m | BRL 31.6m | BRL 143.1m | BRL 152.1m | BRL 188.9m | BRL 35.7m |
| Diluted earnings per share | 4.08 | 2.11 | 1.98 | 1.88 | 1.26 | 0.13 | 0.58 | 0.62 | 0.77 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 3.88bn | BRL 2.99bn | BRL 2.78bn | BRL 2.52bn | BRL 2.00bn | BRL 1.68bn | BRL 1.36bn | BRL 1.33bn | BRL 1.12bn | BRL 1.08bn |
| Cash and short-term investments | BRL 204.0m | BRL 307.7m | BRL 361.0m | BRL 197.2m | BRL 114.6m | BRL 239.5m | BRL 62.2m | BRL 68.6m | BRL 102.2m | BRL 23.5m |
| Total liabilities | BRL 1.45bn | BRL 883.0m | BRL 779.9m | BRL 808.9m | BRL 638.7m | BRL 553.9m | BRL 267.7m | BRL 385.3m | BRL 335.9m | BRL 1.03bn |
| Debt | BRL 986.0m | BRL 344.7m | BRL 453.0m | BRL 437.6m | BRL 381.0m | BRL 330.2m | BRL 58.9m | BRL 60.0m | BRL 94.8m | BRL 539.3m |
| Shareholders' equity | BRL 2.43bn | BRL 2.11bn | BRL 1.99bn | BRL 1.71bn | BRL 1.36bn | BRL 1.13bn | BRL 1.09bn | BRL 941.2m | BRL 784.3m | BRL 51.6m |
| Shares outstanding | 285m | 271m | 250m | 250m | 248m | 248m | 247m | 246m | 246m | 185m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 546.4m | BRL 564.5m | BRL 523.3m | BRL 300.6m | BRL 98.4m | BRL 16.5m | BRL 203.8m | BRL 125.5m | BRL 299.6m | BRL 151.0m |
| Capital spending | −BRL 233.0m | −BRL 203.0m | −BRL 138.8m | −BRL 159.8m | −BRL 132.9m | −BRL 84.9m | −BRL 119.4m | −BRL 96.8m | −BRL 62.5m | −BRL 58.0m |
| Free cash flow | BRL 313.4m | BRL 361.5m | BRL 384.4m | BRL 140.9m | −BRL 34.5m | −BRL 68.5m | BRL 84.4m | BRL 28.7m | BRL 237.1m | BRL 93.1m |
| Dividends paid | −BRL 978.6m | −BRL 783.0m | −BRL 229.1m | −BRL 90.9m | −BRL 86.0m | −BRL 86.0m | −BRL 86.0m | −BRL 86.0m | −BRL 754,000 | −BRL 754,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 994.8m | BRL 776.4m | BRL 1.01bn | BRL 955.7m | BRL 894.8m | BRL 701.2m | BRL 905.7m | BRL 784.6m |
| Gross profit | BRL 402.3m | BRL 313.5m | BRL 417.9m | BRL 395.8m | BRL 365.4m | BRL 281.9m | BRL 376.9m | BRL 337.9m |
| Operating income | BRL 170.4m | BRL 142.9m | BRL 181.8m | BRL 174.6m | BRL 264.4m | BRL 123.2m | BRL 162.7m | BRL 167.1m |
| Net income | BRL 143.7m | BRL 80.1m | BRL 158.8m | BRL 547.2m | BRL 353.3m | BRL 106.1m | BRL 169.2m | BRL 172.2m |
| Diluted earnings per share | 0.46 | 0.26 | 0.56 | 1.92 | 1.24 | 0.37 | 0.63 | 0.64 |
| Cash from operations | BRL 135.0m | BRL 138.0m | BRL 127.0m | BRL 195.0m | BRL 52.0m | BRL 171.0m | BRL 41.0m | BRL 193.0m |
| Capital spending | −BRL 36.0m | −BRL 43.0m | −BRL 63.0m | −BRL 62.0m | −BRL 66.0m | −BRL 46.0m | −BRL 75.0m | −BRL 60.0m |
| Free cash flow | BRL 99.0m | BRL 95.0m | BRL 64.0m | BRL 133.0m | −BRL 14.0m | BRL 125.0m | −BRL 34.0m | BRL 133.0m |
| Total assets | BRL 4.13bn | BRL 4.02bn | BRL 3.88bn | BRL 4.22bn | BRL 3.35bn | BRL 2.93bn | BRL 2.99bn | BRL 3.04bn |
| Cash and short-term investments | BRL 355.6m | BRL 349.7m | BRL 204.0m | BRL 567.2m | BRL 211.8m | BRL 243.8m | BRL 307.7m | BRL 454.1m |
| Debt | BRL 425.6m | BRL 1.03bn | BRL 1.02bn | BRL 1.05bn | BRL 396.5m | BRL 286.4m | BRL 367.1m | BRL 374.3m |
| Shareholders' equity | BRL 2.65bn | BRL 2.51bn | BRL 2.43bn | BRL 2.50bn | BRL 2.36bn | BRL 2.21bn | BRL 2.11bn | BRL 2.05bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 40.5% | 41.9% | 41.7% | 37.0% | 35.3% | 29.5% | — | — | — | — | — | — |
| Operating margin | 21.5% | 22.4% | 20.9% | 20.8% | 19.7% | 5.3% | — | — | — | — | — | — |
| Net margin | 32.7% | 18.7% | 17.6% | 18.5% | 16.8% | 2.7% | — | — | — | — | — | — |
| Return on equity | 48.0% | 27.0% | 24.8% | 27.5% | 23.1% | 2.8% | — | — | — | — | — | — |
| Return on assets | 30.0% | 19.0% | 17.8% | 18.6% | 15.7% | 1.9% | — | — | — | — | — | — |
| Free cash flow yield | 17.1% | 17.8% | 16.8% | 11.5% | 5.7% | 2.5% | — | — | — | — | — | — |
| Revenue growth | 16.8% | 8.2% | 11.1% | 35.9% | 58.3% | -13.3% | — | — | — | — | — | — |
| Earnings growth | 104.5% | 15.2% | 5.3% | 49.7% | 893.5% | -77.9% | — | — | — | — | — | — |
| Current ratio | 3.27x | 3.18x | 3.83x | 2.80x | 2.63x | 3.64x | — | — | — | — | — | — |
| Debt to equity | 0.41x | 0.16x | 0.22x | 0.26x | 0.27x | 0.28x | — | — | — | — | — | — |
| Equity ratio | 62.6% | 70.5% | 71.9% | 67.9% | 68.0% | 67.0% | — | — | — | — | — | — |
| Interest coverage | 7.69x | 7.57x | 11.71x | 26.66x | 72.21x | 4.26x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 3.1% | 3.0% | 2.5% | 1.6% | 2.0% | 1.7% |
| Buybacks as a share of market value | -5.5% | -9.6% | 1.3% | 0.9% | -0.4% | -1.7% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.0% | 24.7% | 13.9% |
| Operating income | 20.7% | 69.8% | — |
| Net income | 35.4% | 105.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 41.2% | 40.4% | 38.9% | 37.8% |
| Operating margin | 19.8% | 19.5% | 17.9% | 15.7% |
| Net margin | 26.3% | 22.6% | 20.3% | 16.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.9 | 7.4 | 10.2 | 6.6 | 7.2 | 62.7 | 15.9 | 11.5 | 11.8 | 12.5 |
| Price to sales | 1.6 | 1.4 | 1.8 | 1.2 | 1.2 | 1.7 | 1.7 | 1.4 | 1.8 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 23 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.193 | 3.525 | 0.928 | 0.37 | 0.35 | 0.415 | 0.392 | 0.671 |
- 4-to-1 reverse split · 17 Mar 2016
- 4-for-1 split · 6 Jan 2011
- 1-to-1 reverse split · 25 Feb 2008
- 10-for-1 split · 14 May 2007
- 1-to-1 reverse split · 27 Nov 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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