Cosan CSAN
NYSE CSAN
$2.94 +0.03 (+1.20%)
As of: Sep 3, 2026 · 10:43 AM EDT

Cosan (CSAN) Operating Expenses (2019 - 2026)

Cosan (CSAN) posted quarterly Operating Expenses of $803.8 million for Q4 2025, up 177.51% year-over-year from $289.6 million in Q4 2024, and up 798.54% quarter-over-quarter from -$115.1 million in Q3 2025.

Analysis

Cosan (CSAN) Operating Expenses (2019 - 2026) Analysis & Trends

Cosan's Operating Expenses history runs 7 years deep, the most recent figure standing at $803.8 million for Q4 2025.

  • In Q4 2025, Operating Expenses rose 177.51% year-over-year to $803.8 million; the TTM figure through Dec 2025 stood at $449.3 million (up 119.37% YoY), while the FY2025 annual figure was -$502.7 million, up 51.52% from the prior year.
  • Operating Expenses for Q4 2025 stood at $803.8 million, up from -$115.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $803.8 million in Q4 2025, with the low at -$1.0 billion in Q4 2024.
  • The 5-year median for Operating Expenses is -$126.7 million (2021), against an average of -$150.2 million.
  • The sharpest annual moves came in 2021 and 2024: Operating Expenses jumped 330.66% in 2021, then slumped 913.31% in 2024.
  • Cosan's Operating Expenses stood at $795.6 million in 2021, then tumbled by 130.63% to -$243.7 million in 2022, then jumped by 58.01% to -$102.3 million in 2023, then plunged by 913.31% to -$1.0 billion in 2024, then soared by 177.51% to $803.8 million in 2025.
  • Business Quant data shows CSAN's Operating Expenses at $803.8 million in Q4 2025, -$115.1 million in Q3 2025, and -$113.7 million in Q2 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marathon Petroleum 114.69 Bn 106.92 Bn 9.27 Bn 45.02 Bn
2 Valero Energy 109.71 Bn 101.83 Bn 5.47 Bn 266.00 Mn
3 Phillips 66 103.90 Bn 99.80 Bn 8.38 Bn 47.07 Bn
4 HF Sinclair 19.33 Bn 17.07 Bn 1.57 Bn 9.22 Bn
5 Sunoco 10.47 Bn 9.70 Bn 1.46 Bn 13.68 Bn
6 PBF Energy 9.00 Bn 8.10 Bn 1.15 Bn 10.41 Bn
7 Ultrapar Holdings 7.65 Bn 5.53 Bn 912.61 Mn -284.31 Mn
8 Icahn Enterprises 4.54 Bn 2.57 Bn 198.00 Mn 3.36 Bn
9 Delek US Holdings 4.41 Bn 3.78 Bn 365.10 Mn 3.78 Bn
10 Cosan 1.35 Bn -1.60 Bn 796.01 Mn -302.86 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -302.86 Mn
Mar 31, 2026 -175.64 Mn
Dec 31, 2025 -133.95 Mn
Sep 30, 2025 -115.06 Mn
Jun 30, 2025 -178.39 Mn
Mar 31, 2025 -125.70 Mn
Dec 31, 2024 -1.04 Bn
Sep 30, 2024 -256.42 Mn
Jun 30, 2024 -653.32 Mn
Mar 31, 2024 -190.88 Mn
Dec 31, 2023 -102.34 Mn
Sep 30, 2023 81.22 Mn
Jun 30, 2023 -187.84 Mn
Mar 31, 2023 -90.20 Mn
Dec 31, 2022 -243.72 Mn
Sep 30, 2022 -192.11 Mn
Jun 30, 2022 -120.96 Mn
Mar 31, 2022 -126.85 Mn
Dec 31, 2021 343.00 Mn
Sep 30, 2021 -249.56 Mn