Gerdau (GGB) Operating Margin (2009 - 2026)
Gerdau's Operating Margin was 17.67% in the quarter ended Jun 30, 2026, up 4.08 percentage points from 13.59% a year earlier and up 1.93 percentage points from the prior quarter.
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Analysis
Gerdau (GGB) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Gerdau's Operating Margin was 15.03% through Jun 30, 2026, up 0.51 percentage points year-over-year; for the year ended Dec 31, 2025, it was 5.35%, down 5.82 percentage points from the prior year.
- Operating Margin has now declined for four consecutive years, with a five-year change of -6.50 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was 11.17% in the year ended Dec 31, 2024 (-4.00 pp), 15.17% in the year ended Dec 31, 2023 (-6.37 pp), 21.54% in the year ended Dec 31, 2022 (-5.29 pp) and 26.83% in the year ended Dec 31, 2021 (+14.98 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Operating Margin since the quarter ended Sep 30, 2023.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.55 percentage points.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Sep 30, 2021 (a gain of 15.86 percentage points); the worst was the quarter ended Sep 30, 2022 (a drop of 7.55 percentage points).
- Per Business Quant data, GGB's Operating Margin in the three quarters before the quarter ended Jun 30, 2026 was 15.73% (quarter ended Mar 31, 2026), 12.78% (quarter ended Dec 31, 2025) and 13.67% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 61.16% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 16.48% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 12.17% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 6.29% |
| 10 | Gerdau | 9.44 Bn | 4.34 Bn | 558.98 Mn | 17.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.67% |
| Mar 31, 2026 | 15.73% |
| Dec 31, 2025 | 12.78% |
| Sep 30, 2025 | 13.67% |
| Jun 30, 2025 | 13.59% |
| Mar 31, 2025 | 13.21% |
| Dec 31, 2024 | 14.31% |
| Sep 30, 2024 | 16.87% |
| Jun 30, 2024 | 15.23% |
| Mar 31, 2024 | 16.89% |
| Dec 31, 2023 | 13.71% |
| Sep 30, 2023 | 18.45% |
| Jun 30, 2023 | 20.07% |
| Mar 31, 2023 | 21.16% |
| Dec 31, 2022 | 18.63% |
| Sep 30, 2022 | 24.16% |
| Jun 30, 2022 | 27.18% |
| Mar 31, 2022 | 27.92% |
| Dec 31, 2021 | 26.05% |
| Sep 30, 2021 | 31.71% |
API Access
Gerdau Operating 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=operating-margin&ticker=GGB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=GGB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();