GERDAU S.A.
GGB · Steel Works, Blast Furnaces & Rolling & Finishing Mills · EDGAR filings ↗
Reference price $4.73 — last insider purchase, 2026-06-12 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C61Large global steelmaker in a weak-earnings year with mid-pack margins and positive free cash flow but low returns.
Strengths
- Positive FCF (77th pct), healthy liquidity (current ratio 2.9x) and revenue growth 17.6% (72nd pct)
- Diversified Brazil/North America footprint with above-median ROA (62.7th pct)
Risks
- Returns are weak this year — ROE 2.6% (45.6th pct), net margin 2% and net income down 65%
- Thin gross margin (11.4%, 11.9th pct) and exposure to steel cyclicality and Chinese import pressure
Notable findings
Key metrics
Gross margin
11.4%
Operating margin
5.4%
Net margin
2.0%
Return on equity
2.6%
Return on assets
1.7%
Revenue growth (QoQ)
17.7%
Net-income growth
-65.2%
Interest coverage
1.8×
Current ratio
2.9×
Free cash flow
$238M
Tangible book value
$7.6B
Cash & investments
$1.1B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | Da Cunha Gustavo Werneck | Buy | 165K | $4.73 |
| 2026-06-02 | Metz Mauricio | Sell | 7.0K | $4.85 |
| 2026-06-02 | Wang Chia Yuan | Sell | 31K | $4.49 |
| 2026-05-26 | Metz Mauricio | Sell | 5.0K | $4.70 |
| 2026-05-22 | Japur Rafael Dorneles | Sell | 5.0K | $4.75 |
| 2026-05-19 | Peres Cesar Obino da Rosa | Sell | 8.0K | $4.60 |
| 2026-05-13 | Metz Mauricio | Sell | 5.0K | $4.85 |
| 2026-05-08 | Da Cunha Gustavo Werneck | Grant | 433K | — |
| 2026-05-08 | Da Cunha Gustavo Werneck | Sell | 433K | $4.87 |
| 2026-05-05 | Metz Mauricio | Sell | 2.0K | $4.69 |
| 2026-05-05 | Wang Chia Yuan | Sell | 40K | $4.75 |
| 2026-04-30 | Wang Chia Yuan | Sell | 20K | $4.54 |
| 2026-04-28 | Da Cunha Gustavo Werneck | Sell | 88K | $4.50 |
| 2026-04-28 | Metz Mauricio | Sell | 1.0K | $4.53 |
| 2026-04-28 | Wang Chia Yuan | Sell | 77K | $4.49 |
| 2026-04-28 | Uhlein Clemir | Sell | 38K | $4.51 |
| 2026-04-10 | Metz Mauricio | Sell | 1.0K | $4.24 |
| 2026-04-10 | Wang Chia Yuan | Sell | 25K | $4.21 |
| 2026-04-09 | Wahrhaftig Marcos Eduardo Faraco | Sell | 12K | $4.06 |
| 2026-04-09 | Da Cunha Gustavo Werneck | Sell | 50K | $4.16 |
| 2026-04-08 | Wang Chia Yuan | Sell | 34K | $4.00 |
| 2026-04-08 | Da Cunha Gustavo Werneck | Sell | 50K | $4.01 |
| 2026-03-20 | Johannpeter Guilherme Chagas Gerdau | Sell | 86K | $3.29 |
| 2026-03-20 | Johannpeter Guilherme Chagas Gerdau | Sell | 86K | $3.29 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-13 | 2025-12-31 | 0001104659-26-027678 ↗ |
| 20-F | 2025-03-14 | 2024-12-31 | 0001410578-25-000353 ↗ |
| 20-F | 2024-03-28 | 2023-12-31 | 0001104659-24-040516 ↗ |
| 20-F | 2023-03-31 | 2022-12-31 | 0001104659-23-040166 ↗ |
| 20-F | 2022-03-31 | 2021-12-31 | 0001104659-22-041058 ↗ |
| 20-F | 2021-04-21 | 2020-12-31 | 0001104659-21-053189 ↗ |
| 20-F | 2020-03-31 | 2019-12-31 | 0001104659-20-041231 ↗ |
| 20-F | 2019-03-29 | 2018-12-31 | 0001104659-19-018684 ↗ |
| 20-F | 2018-04-03 | 2017-12-31 | 0001104659-18-022121 ↗ |
| 20-F | 2017-03-15 | 2016-12-31 | 0001104659-17-016620 ↗ |
| 20-F | 2016-03-31 | 2015-12-31 | 0001104659-16-108976 ↗ |
| 20-F | 2015-03-31 | 2014-12-31 | 0001104659-15-024632 ↗ |