Gerdau (GGB) Non-cash Items (2009 - 2026)

On a trailing twelve-month basis, Gerdau's Non-cash Items was $2.06 billion through Jun 30, 2026, up 23.2% year-over-year; for the year ended Dec 31, 2025, it was $1.72 billion, down 7.7% from the prior year.

• Non-cash Items has now declined for four consecutive years, though with a five-year compound annual growth rate of 5.3% (years ended Dec 2020 to Dec 2025).
• In earlier years, Non-cash Items was $1.86 billion in the year ended Dec 31, 2024 (-25.3%), $2.49 billion in the year ended Dec 31, 2023 (-35.6%), $3.87 billion in the year ended Dec 31, 2022 (-5.3%) and $4.08 billion in the year ended Dec 31, 2021 (+207.3%).
• The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Non-cash Items since the quarter ended Jun 30, 2023.
• Compared with a year earlier, Non-cash Items has increased for three straight quarters, with growth averaging 3.9% over the last eight quarters.
• The best year-over-year quarter for Non-cash Items over five years was the quarter ended Sep 30, 2021 (growth of 215.9%); the worst was the quarter ended Dec 31, 2023 (a decline of 42.6%).
• Per Business Quant data, GGB's Non-cash Items in the three quarters before the quarter ended Jun 30, 2026 was $528.19 million (quarter ended Mar 31, 2026), $398 million (quarter ended Dec 31, 2025) and $486.26 million (quarter ended Sep 30, 2025).