Gerdau S.A.

GGBNYSEBasic Materials● Active

$4.59

$-0.12(-2.55%)

Market Cap$9.1B

P/E Ratio—

52W High$4.98

52W Low$2.8

Avg Volume19.4M

Open$4.63

Beta0.90

Free Cash Flow Financials Revenue

Gerdau S.A. (GGB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GGB · free cash flow · updated Jun 8, 2026

Core FCF metrics

GGB · FCF · TTM · margin & CAGR

Free cash flow was $1.13B for FY2025 (fiscal year ending 2025-12-31), down 79.1% year-over-year The FCF margin was 1.6%. Five-year CAGR stands at -24.4%.

FY2025 Free Cash Flow$1.13B▼ -79.1% YoY

Trailing 12M (TTM)$2.41Btrailing 4 quarters sum

FCF Margin1.6%$1.13B ÷ revenue

3-Year CAGR-44.6%FY2022 → FY2025

5-Year CAGR-24.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GGB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$7.99B(6.85B)$1.13B▼ 79.1%1.6%

FY2024$11.38B(5.95B)$5.43B▼ 6.3%8.1%

FY2023$11.14B(5.34B)$5.80B▼ 13.0%8.4%

FY2022$11.15B(4.48B)$6.67B▼ 28.5%8.1%

FY2021$12.52B(3.19B)$9.32B▲ +102.6%11.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GGB · P/FCF · FCF yield · FCF per share

Gerdau S.A. (GGB) trades at a FCF yield of 2.38% and a price-to-free-cash-flow ratio of 3.8x. FCF per share stands at $1.20, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.20

TTM FCF ÷ Shares Outstanding

Price / FCF

x3.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x51.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GGB · cash flow statement · operating / investing / financing

For FY2025, Gerdau S.A. generated $7.99B in operating cash flow and spent 6.85B in capital expenditures, yielding $1.13B in free cash flow.

Operating Activities

+$7.99B

Cash from core business operations

2025-12-31

Investing Activities

−$7.57B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.72B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($7.99B) − |CapEx| (6.85B) = FCF ($1.13B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

GGB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Gerdau S.A.YOU

GGB

$1.13B-79.1%1.6%

12%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Gerdau S.A. (GGB) reported free cash flow of $1.13B for FY2025 (fiscal year ending 2025-12-31), down 79.1% year-over-year. The FCF margin was 1.6%.

Based on available data, Gerdau S.A. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $9.32B in FY2021. The 5-year CAGR stands at -24.4%.

Gerdau S.A.'s FCF yield is 2.38% and price-to-FCF ratio is 3.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GGB free cash flow · 8 questions

Gerdau S.A. free cash flow was $1.13B for FY2025, down 79.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.41B.

GGB free cash flowGGB FCFGGB FCF 2025GGB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Gerdau S.A. · Gerdau S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026