Cosan (CSAN) Operating Expenses (2019 - 2025)
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.
Cosan (CSAN) Operating Expenses (2019 - 2025) 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.77 Bn | 89.01 Bn | 9.27 Bn | 45.02 Bn |
| 2 | Valero Energy | 95.14 Bn | 87.26 Bn | 5.47 Bn | 233.00 Mn |
| 3 | Phillips 66 | 89.80 Bn | 85.70 Bn | 8.38 Bn | 47.07 Bn |
| 4 | HF Sinclair | 15.42 Bn | 13.16 Bn | 1.57 Bn | 9.22 Bn |
| 5 | Sunoco | 10.13 Bn | 9.35 Bn | 1.46 Bn | 13.68 Bn |
| 6 | PBF Energy | 8.20 Bn | 7.30 Bn | 1.15 Bn | 10.41 Bn |
| 7 | Cosan | 6.44 Bn | 1.33 Bn | 552.94 Mn | 803.77 Mn |
| 8 | Ultrapar Holdings | 6.39 Bn | 4.67 Bn | 603.08 Mn | -124.64 Mn |
| 9 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 3.36 Bn |
| 10 | Delek US Holdings | 3.92 Bn | 3.29 Bn | 365.10 Mn | 3.78 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 803.77 Mn |
| Sep 30, 2025 | -115.06 Mn |
| Jun 30, 2025 | -113.69 Mn |
| Mar 31, 2025 | -125.70 Mn |
| Dec 31, 2024 | -1.04 Bn |
| Sep 30, 2024 | -256.42 Mn |
| Jun 30, 2024 | -834.85 Mn |
| Mar 31, 2024 | -190.88 Mn |
| Dec 31, 2023 | -102.34 Mn |
| Sep 30, 2023 | 81.22 Mn |
| Jun 30, 2023 | -282.41 Mn |
| Mar 31, 2023 | -90.20 Mn |
| Dec 31, 2022 | -243.72 Mn |
| Sep 30, 2022 | -431.78 Mn |
| Jun 30, 2022 | -256.26 Mn |
| Mar 31, 2022 | -126.85 Mn |
| Dec 31, 2021 | 795.62 Mn |
| Sep 30, 2021 | -249.56 Mn |
| Jun 30, 2021 | -126.54 Mn |
| Mar 31, 2021 | -100.98 Mn |