Gerdau (GGB) Gross Margin (2009 - 2026)
Gerdau's Gross Margin came in at 95.77% for Q3 2026, up 32.69 percentage points from 63.08% a year earlier and up 12.06 percentage points from the prior quarter.
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Analysis
Gerdau (GGB) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Gerdau reported Gross Margin of 11.63%, down 5.43 percentage points year-over-year; for FY2025, it was 10.29%, down 2.01 percentage points from FY2024.
- Gross Margin has declined in each of the last four years, with a five-year change of -1.65 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 12.30% in FY2024 (-2.45 pp), 14.75% in FY2023 (-5.36 pp), 20.11% in FY2022 (-3.17 pp) and 23.29% in FY2021 (+11.34 pp).
- The Q3 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2009.
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +18.23 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2025 (a gain of 49.86 percentage points), and the weakest in Q4 2022 (a drop of 13.89 percentage points).
- Business Quant data shows GGB's Gross Margin at 83.71% (Q2 2026), 13.72% (Q1 2026) and 2.72% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 142.93 Bn | 117.66 Bn | 3.10 Bn | 65.95% |
| 3 | Rio Tinto | 132.36 Bn | 93.19 Bn | - | - |
| 4 | Newmont | 112.45 Bn | 77.60 Bn | 4.22 Bn | 66.32% |
| 5 | Freeport-Mcmoran | 88.65 Bn | 72.69 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 83.76 Bn | 70.70 Bn | 2.15 Bn | 60.10% |
| 7 | Barrick Mining | 63.20 Bn | 38.40 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 62.23 Bn | 51.61 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 46.18 Bn | 25.21 Bn | - | - |
| 10 | Gerdau | 9.30 Bn | 4.63 Bn | 651.76 Mn | 17.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 95.77% |
| Jun 30, 2026 | 83.71% |
| Mar 31, 2026 | 13.72% |
| Dec 31, 2025 | 7.53% |
| Sep 30, 2025 | 11.91% |
| Jun 30, 2025 | 63.02% |
| Mar 31, 2025 | 11.20% |
| Dec 31, 2024 | 8.21% |
| Sep 30, 2024 | 14.83% |
| Jun 30, 2024 | 13.16% |
| Mar 31, 2024 | 14.93% |
| Dec 31, 2023 | 7.21% |
| Sep 30, 2023 | 16.37% |
| Jun 30, 2023 | 17.95% |
| Mar 31, 2023 | 19.23% |
| Dec 31, 2022 | 10.17% |
| Sep 30, 2022 | 22.40% |
| Jun 30, 2022 | 25.70% |
| Mar 31, 2022 | 25.48% |
| Dec 31, 2021 | 24.06% |
API Access
Gerdau Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GGB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GGB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GGB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();