Suzano S.A.
SUZ · Paper Mills · EDGAR filings ↗
Grade
B76Large, low-cost Brazilian pulp & paper producer with top-decile margins and cash generation but high leverage and commodity/FX volatility.
Strengths
- Strong net margin 26.8% (90th pct), ROE 30.6% (85th), operating margin 21% (86th), FCF (95th pct)
- Revenue +19.4% (74th pct) on volume growth and Suzano Packaging integration; scale cost advantage in eucalyptus pulp
Risks
- High leverage (D/E 2.16, 91st pct) and low interest coverage (1.5, 55th pct)
- Earnings highly volatile (net income -315%, 5th pct) on pulp-price and FX swings
- Cyclical commodity pricing largely beyond its control (pulp price -15.8%)
Notable findings
- High leverageHigh leverage (debt/equity 2.16)
Key metrics
Gross margin
32.4%
Operating margin
21.2%
Net margin
26.8%
Return on equity
30.6%
Return on assets
8.0%
ROIC
6.1%
Revenue growth (QoQ)
19.4%
Debt / equity
2.2×
Interest coverage
1.5×
Current ratio
3.2×
Free cash flow
$2.5B
Tangible book value
$8.0B
Cash & investments
$2.8B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-30 | Abreu Joao Alberto Fernandez de | Grant | 98K | — |
| 2026-04-30 | Abreu Joao Alberto Fernandez de | Grant | 193K | — |
| 2026-04-17 | Abreu Joao Alberto Fernandez de | Conversion | 169 | — |
| 2026-04-17 | Abreu Joao Alberto Fernandez de | Conversion | 169 | $47.53 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-24 | 2025-12-31 | 0000909327-26-000045 ↗ |
| 20-F | 2025-04-28 | 2024-12-31 | 0001628280-25-020368 ↗ |
| 20-F | 2024-04-26 | 2023-12-31 | 0001628280-24-018426 ↗ |
| 20-F | 2023-04-27 | 2022-12-31 | 0001104659-23-051482 ↗ |
| 20-F | 2022-04-29 | 2021-12-31 | 0001104659-22-053794 ↗ |
| 20-F | 2021-04-29 | 2020-12-31 | 0001104659-21-057773 ↗ |
| 20-F | 2020-03-31 | 2019-12-31 | 0001104659-20-041281 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001104659-19-025283 ↗ |