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
DateValue
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