Gerdau (GGB) Return on Invested Capital [ROIC] (2009 - 2026)
Gerdau's Return on Invested Capital [ROIC] was 11.58% in Q3 2026, up 4.64 percentage points from 6.94% a year earlier and up 0.73 percentage points from the prior quarter.
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Analysis
Gerdau (GGB) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Gerdau came in at 3.48%, down 7.46 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, though with a five-year change of +3.20 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 10.93% in FY2024 (-5.51 pp), 16.44% in FY2023 (-10.96 pp), 27.41% in FY2022 (+24.84 pp) and 2.57% in FY2021 (+2.30 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in two of the last eight quarters, with an average year-over-year change of -0.21 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 63.53 percentage points); the worst was Q3 2023 (a drop of 40.66 percentage points).
- Per Business Quant data, GGB's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 10.84% (Q2 2026), 9.41% (Q1 2026) and 7.90% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 138.52 Bn | 113.25 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 135.90 Bn | 96.73 Bn | - | - |
| 4 | Newmont | 126.75 Bn | 91.89 Bn | 4.22 Bn | 8.59% |
| 5 | Ternium | 96.55 Bn | 64.81 Bn | 1.04 Bn | 8.46% |
| 6 | Agnico Eagle Mines | 96.18 Bn | 83.12 Bn | 2.15 Bn | 21.64% |
| 7 | Freeport-Mcmoran | 85.33 Bn | 69.37 Bn | 2.19 Bn | 11.56% |
| 8 | Barrick Mining | 69.13 Bn | 44.33 Bn | 2.90 Bn | 24.82% |
| 9 | Nucor | 55.83 Bn | 45.21 Bn | 2.03 Bn | 11.01% |
| 10 | Gerdau | 8.78 Bn | 4.10 Bn | 651.76 Mn | 15.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.18% |
| Jun 30, 2026 | 12.10% |
| Mar 31, 2026 | 9.68% |
| Dec 31, 2025 | 8.01% |
| Sep 30, 2025 | 7.77% |
| Jun 30, 2025 | 8.92% |
| Mar 31, 2025 | 9.31% |
| Dec 31, 2024 | 10.83% |
| Sep 30, 2024 | 8.09% |
| Jun 30, 2024 | 8.08% |
| Mar 31, 2024 | 9.59% |
| Dec 31, 2023 | 13.48% |
| Sep 30, 2023 | 19.17% |
| Jun 30, 2023 | 43.77% |
| Mar 31, 2023 | 49.21% |
| Dec 31, 2022 | 50.24% |
| Sep 30, 2022 | 60.90% |
| Jun 30, 2022 | 54.69% |
| Mar 31, 2022 | 57.27% |
| Dec 31, 2021 | 64.35% |
API Access
Gerdau Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=GGB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=GGB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();