Gerdau (GGB) Operating Expenses (2009 - 2026)
Gerdau (GGB) reported Operating Expenses of -$63.9 million for Q1 2026, down 7.3% on a YoY basis from -$68.9 million in Q1 2025, and down 110.98% quarter-over-quarter from $582.0 million in Q4 2025.
Gerdau (GGB) Operating Expenses (2009 - 2026) Analysis & Trends
Gerdau has reported Operating Expenses for 18 years, with the latest figure at -$63.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 7.3% year-over-year to -$63.9 million; the trailing twelve-month figure through Mar 2026 stood at $397.9 million (up 75.42% YoY), and the FY2025 full-year result was $393.4 million, up 62.82% from the prior year.
- Operating Expenses for Q1 2026 stood at -$63.9 million, down from $582.0 million in the prior quarter.
- The five-year high for Operating Expenses was $669.5 million in Q4 2023, with the low at -$78.4 million in Q2 2023.
- Historically, Operating Expenses has averaged $83.5 million across 5 years, with a median of -$63.9 million in 2026.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 897.73% — and 2024, when it tumbled 37.78%.
- Gerdau's Operating Expenses stood at $612.7 million in 2022, then increased by 9.28% to $669.5 million in 2023, then tumbled by 37.78% to $416.6 million in 2024, then surged by 39.7% to $582.0 million in 2025, then tumbled by 110.98% to -$63.9 million in 2026.
- The last three Operating Expenses figures came in at -$63.9 million (Q1 2026), $582.0 million (Q4 2025), and -$58.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | -390.27 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 378.00 Mn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | - |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 175.22 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 3.66 Bn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 5.14 Bn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | - |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -423.40 Mn |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 71.50 Mn |
| 10 | Gerdau | 21.17 Mn | -1.11 Bn | 435.85 Mn | -63.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -63.90 Mn |
| Dec 31, 2025 | 581.98 Mn |
| Sep 30, 2025 | -58.07 Mn |
| Jun 30, 2025 | -62.09 Mn |
| Mar 31, 2025 | -59.55 Mn |
| Dec 31, 2024 | 416.58 Mn |
| Sep 30, 2024 | -63.93 Mn |
| Jun 30, 2024 | -66.25 Mn |
| Mar 31, 2024 | -64.29 Mn |
| Dec 31, 2023 | 669.51 Mn |
| Sep 30, 2023 | -72.71 Mn |
| Jun 30, 2023 | -78.39 Mn |
| Mar 31, 2023 | -70.06 Mn |
| Dec 31, 2022 | 612.66 Mn |
| Sep 30, 2022 | -70.86 Mn |
| Jun 30, 2022 | -68.94 Mn |
| Mar 31, 2022 | -62.46 Mn |
| Dec 31, 2021 | -76.80 Mn |
| Sep 30, 2021 | -65.12 Mn |
| Jun 30, 2021 | -58.02 Mn |