Gerdau (GGB) Change in Taxes (2009 - 2026)

Gerdau (GGB) reported Change in Taxes of $95.0 million for Q1 2026, up 73.88% on a YoY basis from $54.6 million in Q1 2025, and up 233.5% quarter-over-quarter from $28.5 million in Q4 2025.

Gerdau (GGB) Change in Taxes (2009 - 2026) Analysis & Trends

Gerdau has reported Change in Taxes for 18 years, with the latest figure at $95.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Taxes rose 73.88% year-over-year to $95.0 million; the trailing twelve-month figure through Mar 2026 stood at $237.6 million (up 38.32% YoY), and the FY2025 full-year result was $205.1 million, up 37.88% from the prior year.
  • Change in Taxes for Q1 2026 stood at $95.0 million, up from $28.5 million in the prior quarter.
  • The five-year high for Change in Taxes was $300.4 million in Q1 2022, with the low at $7.4 million in Q4 2024.
  • Historically, Change in Taxes has averaged $97.8 million across 5 years, with a median of $64.4 million in 2023.
  • Annual changes were most pronounced in 2023 — Change in Taxes tumbled 79.41% — and 2025, when it surged 287.58%.
  • Gerdau's Change in Taxes stood at $146.1 million in 2022, then plunged by 79.41% to $30.1 million in 2023, then slumped by 75.56% to $7.4 million in 2024, then surged by 287.58% to $28.5 million in 2025, then jumped by 233.5% to $95.0 million in 2026.
  • The last three Change in Taxes figures came in at $95.0 million (Q1 2026), $28.5 million (Q4 2025), and $63.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -129.68 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 78.00 Mn
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 74.43 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn -
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 4.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn -
10 Gerdau 21.17 Mn -1.11 Bn 435.85 Mn 95.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 95.02 Mn
Mar 31, 2026 95.02 Mn
Dec 31, 2025 28.49 Mn
Dec 31, 2025 28.49 Mn
Sep 30, 2025 63.52 Mn
Sep 30, 2025 63.52 Mn
Jun 30, 2025 50.54 Mn
Jun 30, 2025 50.54 Mn
Mar 31, 2025 54.65 Mn
Mar 31, 2025 54.65 Mn
Dec 31, 2024 7.35 Mn
Dec 31, 2024 7.35 Mn
Sep 30, 2024 79.79 Mn
Sep 30, 2024 79.79 Mn
Jun 30, 2024 29.97 Mn
Jun 30, 2024 29.97 Mn
Mar 31, 2024 45.24 Mn
Mar 31, 2024 45.24 Mn
Dec 31, 2023 30.08 Mn
Dec 31, 2023 30.08 Mn