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Gerdau SA ( (GGB) ) has shared an update.
On February 24, 2026, Gerdau S.A. reported its 2025 results, highlighting 11.6 million tonnes of steel shipments, up 5.9% year on year, and adjusted EBITDA of R$10.1 billion driven by strong North American performance despite weaker conditions in Brazil and South America. Net income fell 21% to R$3.4 billion amid R$2.0 billion in non-cash impairment charges in Brazil, while free cash flow reached R$394 million for the year and R$1.411 billion in the fourth quarter, supporting dividends, the completion of a 2025 share buyback equal to about 3% of outstanding shares, and the launch of a 2026 buyback program of up to 56.4 million shares.
The company invested R$6.1 billion in capex in 2025 and guided a 24% reduction to R$4.7 billion in 2026, with leverage at 0.76x, underscoring balance sheet capacity to sustain strategic projects such as the Miguel Burnier mining operation, which reached 91% physical progress and is in integrated testing. Management flagged record imported steel penetration in Brazil as a continuing competitive pressure despite trade defense advances, contrasted with robust demand and margin expansion in North America, where backlogs remain high and sectors such as non-residential construction, solar and data centers support growth, shaping a mixed but resilient outlook for 2026 across its key markets.
The most recent analyst rating on (GGB) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Gerdau SA stock, see the GGB Stock Forecast page.
Spark’s Take on GGB Stock
According to Spark, TipRanks’ AI Analyst, GGB is a Neutral.
The score is driven primarily by mixed financial performance—solid balance sheet offset by weakening profitability/revenue and challenged cash generation. Technicals are supportive but overbought conditions temper the outlook, while valuation and dividend provide only moderate support.
To see Spark’s full report on GGB stock, click here.
More about Gerdau SA
Gerdau S.A. is a Brazilian steel producer with a diversified portfolio spanning long and flat steel products, special steels and downstream solutions. The company serves civil construction, infrastructure, industrial, automotive, renewable energy and other manufacturing sectors, with significant operations in Brazil, North America and other South American markets.
Average Trading Volume: 17,377,351
Technical Sentiment Signal: Buy
Current Market Cap: $7.76B
See more data about GGB stock on TipRanks’ Stock Analysis page.