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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |