Gerdau (GGB) Operating Margin (2009 - 2026)
Gerdau's (GGB) quarterly Operating Margin came in at 17.67% in Q2 2026, up 408.0% on a YoY basis from 3.48% in Q2 2025, and up 12.28% quarter-over-quarter from 15.73% in Q1 2026.
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Gerdau (GGB) Operating Margin (2009 - 2026) Analysis & Trends
Gerdau (GGB) has reported Operating Margin for 18 consecutive years, with 17.67% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 408.0% year-over-year to 17.67%; the trailing twelve-month figure through Jun 2026 stood at 15.03% (up 293.0% YoY), and the FY2025 full-year result was 5.35%, down 582.0% from the prior year.
- Operating Margin grew to 17.67% in Q2 2026 per GGB's latest filing, from 15.73% in the prior quarter.
- Across five years, Operating Margin topped out at 24.67% in Q1 2022 and bottomed at 8.18% in Q1 2025.
- Historically, Operating Margin has averaged 15.57% across 5 years, with a median of 14.07% in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Margin slumped 817 bps in 2023, then soared 755 bps in 2026.
- Over 5 years, Operating Margin stood at 18.63% in 2022, then slipped by 26 bps to 13.71% in 2023, then increased by 4 bps to 14.31% in 2024, then slipped by 11 bps to 12.78% in 2025, then surged by 38 bps to 17.67% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 17.67%, 15.73%, and 12.78% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 112.54 Bn | 102.65 Bn | 941.02 Mn | 12.17% |
| 2 | Nucor | 58.36 Bn | 55.66 Bn | 2.03 Bn | 15.67% |
| 3 | Steel Dynamics | 34.47 Bn | 33.88 Bn | 958.97 Mn | 11.50% |
| 4 | Gerdau | 9.93 Bn | 8.85 Bn | 558.98 Mn | 17.67% |
| 5 | Commercial Metals | 7.52 Bn | 6.96 Bn | 455.14 Mn | -74.07% |
| 6 | Cleveland-Cliffs | 6.77 Bn | 6.70 Bn | 132.00 Mn | -0.94% |
| 7 | Posco Holdings | 4.64 Bn | -5.04 Bn | 1.11 Bn | 4.25% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.68 Bn | -1.14 Bn | 579.08 Mn | 3.07% |
| 10 | SunCoke Energy | 870.71 Mn | 828.01 Mn | 100.40 Mn | 6.10% |
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 | 8.18% |
| Dec 31, 2024 | 14.31% |
| Sep 30, 2024 | 12.28% |
| Jun 30, 2024 | 10.59% |
| Mar 31, 2024 | 12.41% |
| Dec 31, 2023 | 13.71% |
| Sep 30, 2023 | 13.82% |
| Jun 30, 2023 | 15.95% |
| Mar 31, 2023 | 17.37% |
| Dec 31, 2022 | 18.63% |
| Sep 30, 2022 | 20.67% |
| Jun 30, 2022 | 24.12% |
| Mar 31, 2022 | 24.67% |
| Dec 31, 2021 | 26.05% |
| Sep 30, 2021 | 28.55% |