OakChart

Companhia de Saneamento Basico do Estado de Sao Paulo ADR

SBSUtilities·Utilities - Regulated Water·Brazil·Large·NYSE·Nov 11 • 12:06 PM ET

4.99+0.15 (3.10%)
2026-11-11 18:07 CET
Market cap
17,020.30 USD m
Revenue, TTM
7,980.22 USD m
Net income, TTM
1,386.27 USD m
Free cash flow, TTM
721.89 USD m
EPS diluted, TTM
0.40
P/E
12.55
Compare

Price

SBS against its 20, 50 and 200-day averages
2050200missearnings
5.006.0027.4M54.8MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26SBSclose 4.9920-day 5.2650-day 5.45200-day 5.674.9952w low

30.3% under the 52-week high of 7.16 on 21 Apr 2026. 52-week low 4.34 on 3 Nov 2026. Last 15 sessions, 48.3% high to low

Profile

SBS
52-week range, 23% of the way up
4.347.16

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in Sao Paulo, Brazil.

Employees8717
IPOMay 10, 2002
Beta0.76
ATR, 14d0.24
Rel volume0.42
Short float0.42%
Insider own0.00%
Inst own10.71%

Snapshot

6 groups

Valuation

Index-
Market Cap17.55B
Enterprise Value24.75B
Income1.39B
Sales7.98B
Book/sh2.58
Cash/sh0.51
Dividend Est.0.15 (2.94%)
Dividend TTM0.13 (2.65%)
Dividend Ex-DateNov 16, 2026
Dividend Gr. 3/5Y31.04% 55.18%
Payout20.19%
Employees8717
IPOMay 10, 2002

Ratios

P/E12.55
Forward P/E11.23
PEG0.78
P/S2.20
P/B1.94
P/C9.87
P/FCF24.31
EV/EBITDA8.19
EV/Sales3.10
Quick Ratio1.21
Current Ratio1.22
Debt/Eq0.99
LT Debt/Eq0.93
Option/ShortYes / Yes

Earnings

EPS (ttm)0.40
EPS next Y0.44
EPS next Q0.07
EPS this Y-8.36%
EPS next Y38.37%
EPS next 5Y14.45%
EPS past 3/5Y37.13% 52.56%
Sales past 3/5Y16.88% 14.59%
EPS Y/Y TTM10.17%
Sales Y/Y TTM30.93%
EPS Q/Q-31.67%
Sales Q/Q14.12%
EarningsNov 06 BMO
EPS/Sales Surpr.-12.29% -4.81%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own10.71%
Inst Trans11.72%
ROA6.81%
ROE16.26%
ROIC7.94%
Gross Margin36.71%
Oper. Margin31.32%
Profit Margin17.37%
SMA20-5.17%
SMA50-8.46%
SMA200-11.99%
Trades-

Technical

Shs Outstand3.52B
Shs Float3.52B
Short Float0.42%
Short Ratio1.22
Short Interest14.87M
52W High7.16 -30.28%
52W Low4.34 15.11%
Volatility3.33% 3.75%
ATR (14)0.24
RSI (14)44.68
Beta0.76
Rel Volume0.42
Avg Volume12.15M
Volume2,197,115

Performance

Perf Week8.01%
Perf Month-22.64%
Perf Quarter6.62%
Perf Half Y-14.99%
Perf YTD4.78%
Perf Year-1.11%
Perf 3Y111.21%
Perf 5Y301.66%
Perf 10Y288.05%
Recom1.00
Target Price6.37
Prev Close4.84
Price4.99
Change %3.10%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Mar 19, 2026InitiatedJJefferiesBuy$36.60+633.5%
Feb 24, 2021UpgradeJJP MorganNeutral → Overweight
Dec 01, 2020InitiatedCCitigroupBuy
Apr 06, 2020DowngradeJJP MorganOverweight → Neutral
Nov 14, 2019InitiatedGGoldmanNeutral
Jan 16, 2019DowngradeCCitigroupNeutral → Sell
May 14, 2018UpgradeCCitigroupSell → Neutral
Apr 04, 2018DowngradeJJP MorganOverweight → Neutral
Mar 12, 2018DowngradeJJanneyBuy → Neutral
Nov 27, 2017UpgradeJJP MorganNeutral → Overweight

Peers

Mkt cap
TickerCompanyMkt cap
AWKAmerican Water Works Co Inc29.57B
WTRGEssential Utilities Inc12.78B
AWRAmerican States Water Co3.53B
CWTCalifornia Water Service Group3.12B
CIGCia Energetica DE Minas Gerais - Cemig ADR3.63B
HTOH2O America2.97B
CWCOConsolidated Water Co Ltd408.96M
MSEXMiddlesex Water Co1.11B
KEPKorea Electric Power Corp ADR14.67B
CEPUCentral Puerto ADR1.54B

Insider trading

4 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Szlak DanielChief Financial OfficerJun 15 '26Sale28.307,381208,8820Jun 16 04:19 PM
Tavares de Sousa RobervalEngineering OfficerMay 25 '26Sale28.815,900169,97976May 29 03:04 PM
Tavares de Sousa Samanta I.S.Inst. Rel. & Sustain. OfficerMay 21 '26Sale28.615,700163,07743May 27 04:10 PM
Lima Peralta Maria AliciaChief Legal OfficerMay 01 '26Option Exercise0.006,03906,039May 15 02:00 PM

Held by

AUM
TickerCompanyAUM
IGFiShares Global Infrastructure ETFAUM: 10.99B
WCMIFirst Trust WCM International Equity ETFAUM: 2.12B
VWOVanguard FTSE Emerging Markets ETFAUM: 119.40B
AVEMAvantis Emerging Markets Equity ETFAUM: 26.77B
FIWFirst Trust Water ETFAUM: 1.92B
VXUSVanguard Total International Stock ETFAUM: 161.32B
PHOInvesco Water Resources ETFAUM: 2.14B
DFEMDimensional Emerging Markets Core Equity 2 ETF-
DFAEDimensional Emerging Core Equity Market ETF-
GIIState Street SPDR S&P Global Infrastructure ETFAUM: 957.10M

News

latest 14 of 206
  • Sabesp: Q3 Earnings Snapshot (Associated Press) +5.48%
  • Stratec SE (XTER:SBS) (H1 2026) Earnings Call Highlights: Strong Q2 Recovery and Robust Cash ... (GuruFocus.com)
  • Equatorial SA (EQUEY) (Q2 2026) Earnings Call Highlights: Strategic Expansion and Resilient ... (GuruFocus.com)
  • Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) (Q2 2026) Earnings Call Highlights: ... (GuruFocus.com)
  • Sabesp: Q2 Earnings Snapshot (Associated Press) -8.24%
  • Loading…
  • Stratec SE (XTER:SBS) Q1 2026 Earnings Call Highlights: Navigating Revenue Declines with ... (GuruFocus.com)
  • Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) Q1 2026 Earnings Call Highlights: ... (GuruFocus.com)
  • Sabesp: Q1 Earnings Snapshot (Associated Press)
  • Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) Q4 2025 Earnings Call Highlights: ... (GuruFocus.com)
  • Sabesp: Q4 Earnings Snapshot (Associated Press Finance)
  • Are Utilities Stocks Lagging NiSource (NI) This Year? (Zacks)
  • Recent Price Trend in Sabesp (SBS) is Your Friend, Here's Why (Zacks)
  • Is ENGIE - Sponsored ADR (ENGIY) Outperforming Other Utilities Stocks This Year? (Zacks)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-060.0560.0640.0711,1171,1741
2026Q22026-08-120.0640.0900.0811,1621,2312
2026Q12026-05-070.0900.0820.0941,2951,2833
2025Q42026-03-160.1050.0890.1451,0791,0933
2025Q32025-11-110.1160.0570.1121,0431,0653
2025Q22025-08-110.1030.0580.1071,6581,1313
2025Q12025-05-300.0590.0590.0721,0771,1382
2024Q42025-03-280.0940.0690.0701,3681,0555
2024Q32024-11-120.2990.1400.3132,5851,1113
2024Q22024-08-090.0630.0500.0661,2281,0064
2024Q12024-05-100.0450.0550.0471,2741,1163
2023Q42024-03-220.0680.0610.0681,4561,0614
2023Q32023-11-100.0490.0500.0491,3121,1183
2023Q22023-08-100.0430.0520.0431,1631,0443
2023Q12023-05-110.045-0.0411,091-4
2022Q42023-03-230.0470.0410.0351,009883.24

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY0.1810.1710.2204,0833,999
2019FY0.1760.1820.2423,0433,620
2020FY0.0550.0530.0543,0432,900
2021FY0.1290.1380.1213,3263,309
2022FY0.1790.1670.1724,1883,812
2023FY0.2010.1910.2005,1254,429
2024FY0.2560.4440.5043,7915,026
2025FY0.3500.3970.4694,2184,324
2026FY-0.321--4,699
2027FY-0.444--5,571
2028FY-0.525--6,288
2029FY-0.624--7,031

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-062011,2231,1821,265
2026Q4S2026-10-222101,2761,2651,288
2026Q4S2026-09-232011,2671,2651,269
2026Q4S2026-09-043011,2831,2651,316
2026Q4S2026-08-293011,2811,2611,316
2026Q4S2026-08-253021,2811,2611,316
2026Q4S2026-08-123021,2911,2651,316
2026Q4S2026-08-073021,2911,2651,316
2026Q4S2026-07-242021,3041,2921,316
2026Q4S2026-07-222011,3381,3161,360
2026Q4S2026-06-152111,3381,3161,360
2026Q4S2026-05-082201,3591,3571,360
2026Q4S2026-05-072201,3431,3291,357
2026Q4S2026-05-042201,3431,3291,357

Estimate history

EPS, annual0.2240.220.2420.0540.1210.1720.20.5040.4420.3975
Period201720182019202020212022202320242025TTM
EPS, quarterly0.3130.070.0720.1070.1120.1450.0940.0810.077
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual4575.664399.3134558.8773450.3643612.0114270.6275119.6536704.8466818.2957980.22
Period201720182019202020212022202320242025TTM
Sales, quarterly2704.2861342.7781440.8961581.6581729.7282090.1761895.8012020.2651973.976
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual3524.5323524.5323524.5323524.5323524.5323524.5323524.5323524.5323506.7333506.718
Period201720182019202020212022202320242025MRQ
Shares, quarterly3524.5323524.5323524.5323524.5323524.5323506.7333506.7623506.833506.718
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue7,980.226,818.296,704.855,119.654,270.633,612.013,450.364,558.884,399.31
Cost of Goods Sold Incl. D&A5,050.694,320.303,116.813,255.182,815.872,403.662,197.392,600.392,516.91
Gross Profit2,929.532,498.003,588.031,864.471,454.761,208.351,252.981,958.491,882.41
Selling, General and Administrative Excl. Other390.67283.97650.38588.02546.18434.99390.66488.21460.10
Other Operating Expense39.1316.5516.0820.3416.7818.5916.4120.6819.10
Operating Income2,499.732,197.482,921.581,256.10891.79754.78845.911,449.591,403.21
Interest Expense1,331.04769.56415.46410.18264.50162.90157.56213.27189.10
Unusual Expense-108.9522.17-58.450.000.000.000.00--
Net Income Before Taxes1,810.122,085.962,524.14945.29822.57583.39254.331,184.931,068.25
Income Taxes430.59579.91753.72246.34222.96160.1768.37332.19294.63
Consolidated Net Income1,390.451,514.671,776.97705.43604.37427.32188.69853.67775.40
Net Income From Continuing Operations1,386.271,514.671,776.97705.43604.37427.32188.69853.67775.40
Net Income1,386.271,514.671,776.97705.43604.37427.32188.69853.67775.40
EPS (Recurring)0.370.450.490.200.170.120.050.240.22
EPS (Basic, Before Extraordinaries)0.400.440.500.200.170.120.050.240.22
EPS (Diluted)0.400.440.500.200.170.120.050.240.22
EBITDA3,023.042,592.843,418.081,814.791,366.341,172.351,240.831,900.841,784.06
Non-Operating Income (Expense)17.09680.21-40.4399.37195.28-8.49-434.02-51.40-145.86
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio12.1712.175.4616.9012.0211.2336.1511.606.70
Price To Sales Ratio2.332.391.462.031.711.391.702.261.25
Gross Margin36.7136.6453.5136.4234.0633.4536.3142.9642.79
Operating Margin31.3232.2343.5724.5320.8820.9024.5231.8031.90
Net Margin17.3722.2126.5013.7814.1511.835.4718.7317.63
Shares Outstanding3,506.723,506.733,524.533,524.533,524.533,524.533,524.533,524.533,524.53
Market Capitalization17,020.3017,020.309,533.699,963.056,973.484,801.635,619.359,845.305,148.64

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue1,973.982,020.271,895.802,090.181,729.731,581.661,440.901,342.78
Cost of Goods Sold Incl. D&A1,246.131,265.431,160.041,379.091,191.08929.93848.41826.35
Gross Profit727.85754.84735.76711.08538.65651.73592.48516.43
Selling, General and Administrative Excl. Other150.60131.4382.9025.7461.6664.53107.68189.29
Other Operating Expense0.009.887.1222.123.384.323.533.77
Operating Income577.24613.53645.74663.22473.61582.88481.27323.37
Interest Expense237.88319.31281.51372.56161.93120.44120.80114.72
Unusual Expense0.0024.1743.39-176.51166.3216.4610.05-31.16
Net Income Before Taxes391.15422.25446.94549.78593.42567.18382.97209.14
Income Taxes123.85135.96115.7755.01198.63192.65131.47-35.00
Consolidated Net Income270.13289.80332.75497.77396.16376.86253.44245.80
Net Income From Continuing Operations269.36286.39332.75497.77396.16376.86253.44245.80
Net Income269.36286.39332.75497.77396.16376.86253.44245.80
EPS (Recurring)0.080.090.100.110.150.110.070.06
EPS (Basic, Before Extraordinaries)0.080.080.090.150.110.110.070.07
EPS (Diluted)0.080.080.090.140.110.110.070.07
EBITDA720.41759.62778.43764.57571.82678.75581.06412.53
Non-Operating Income (Expense)51.79152.21126.1082.60448.06121.2032.55-30.67
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio12.1734.5513.1910.8313.017.396.485.46
Price To Sales Ratio2.332.632.952.392.792.121.801.47
Gross Margin36.8737.3638.8134.0231.1441.2141.1238.46
Operating Margin29.2430.3734.0631.7327.3836.8533.4024.08
Net Margin13.6514.1817.5523.8122.9023.8317.5918.31
Shares Outstanding3,506.723,506.833,506.763,506.733,524.533,524.533,524.533,524.53
Market Capitalization17,020.30101,344.2121,231.8316,568.7216,559.2114,616.5511,882.189,533.69

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,259.33877.33683.50678.60570.88739.92566.59789.81693.94
Short Term Receivables1,092.23811.76893.49665.05564.60461.04633.02638.73659.17
Inventories4.031.7517.7123.5320.3820.1917.5116.9225.83
Other Current Assets30.8026.407.6312.5611.6518.86--0.00
Total Current Assets3,386.381,717.241,602.321,379.741,167.501,240.011,217.131,445.461,378.94
Net Property, Plant & Equipment162.5690.9097.6964.2052.2751.6478.1569.0576.89
Total Investments and Advances77.43189.5069.8962.0547.9852.8769.2963.0165.50
Long-Term Note Receivable6,169.113,838.871,770.591,852.391,719.861,733.26246.83253.24311.69
Intangible Assets9,214.387,247.049,060.627,447.496,553.656,623.848,035.767,485.6410,088.97
Deferred Tax Assets377.43278.94290.63----240.94-
Other Assets6.1222.2133.2929.463.715.091,901.751,924.040.00
Total Assets19,393.4013,384.7012,925.0410,835.329,544.979,706.7211,548.9111,481.3711,921.99
Short Term Debt Incl. Current Port. of LT Debt905.51502.03533.75422.08325.41580.05699.75529.16484.59
Accounts Payable437.98124.0993.9281.6242.5150.7891.89120.23104.40
Income Tax Payable16.490.3242.4012.008.884.1017.3817.2455.46
Other Current Liabilities1,660.761,311.501,060.80745.22537.55500.99795.23726.29794.12
Total Current Liabilities3,020.741,937.931,730.861,260.92914.351,135.911,604.251,392.931,438.57
Long Term Debt6,396.193,581.253,483.193,165.442,853.362,738.472,581.572,850.853,121.46
Provision for Risks Charges97.34144.95170.83130.38115.2194.93121.26144.781,025.77
Deferred Tax Liabilities948.61709.82304.2335.8550.9461.75107.89308.3450.33
Other Liabilities1,192.741,033.261,089.401,065.681,135.011,287.361,755.521,739.851,006.25
Total Liabilities11,655.627,407.216,778.515,658.275,068.875,318.426,170.496,436.756,642.38
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity7,737.785,977.496,146.535,177.054,476.104,388.305,378.425,044.625,279.61
Total Shareholders Equity7,737.785,977.496,146.535,177.054,476.104,388.305,378.425,044.625,279.61
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity7,737.785,977.496,146.535,177.054,476.104,388.305,378.425,044.625,279.61
Total Liabilities & Stockholders Equity19,393.4013,384.7012,925.0410,835.329,544.979,706.7211,548.9111,481.3711,921.99
Book Value Per Share2.211.701.741.471.271.251.531.431.50
Tangible Book Value Per Share-0.42-0.36-0.83-0.64-0.59-0.63-0.75-0.69-1.36
Full-Time Employees8,71710,55211,17014,98012,51512,80613,94514,44913,672
Price to Book Ratio1.881.591.691.381.071.281.831.021.19
Return on Assets9.2413.515.945.934.441.787.416.636.70
Return on Equity22.0929.3112.4612.529.643.8616.3815.0215.76
Return on Invested Capital10.7218.597.337.245.832.6510.729.829.39
Quick Ratio1.120.890.921.081.251.070.751.030.94
Current Ratio1.120.890.931.091.281.090.761.040.96

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,828.242,094.582,530.69951.77827.33587.48257.071,185.861,070.03
Depreciation525.11395.35496.50558.68474.55417.57394.92451.26380.85
Other Funds (Non Cash)-357.17-972.04-1,454.44-6.39-125.321.99521.78-415.94-164.01
Funds from Operations1,996.181,517.891,572.751,504.061,176.561,007.041,173.771,221.181,286.87
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-281.24-18.26-199.23-532.20-408.31-281.76-208.66-157.18-235.82
Income Taxes Payable17.38-96.4373.5337.4023.4036.3774.5816.04-1.32
Cash from Operating Activities1,714.941,499.631,373.52971.87768.24725.28965.111,064.011,051.05
Capital Expenditures-993.05-2,459.46-1,489.66-828.56-701.75-694.37-647.92-829.81-597.11
Net Assets From Acquisitions-210.450.000.000.000.000.000.000.00-
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.002.22
Purchase or Sale of Investments379.69-354.44-360.78-153.54144.42199.49-662.420.06-3.89
Purchase of Investments-7,558.55-5,872.30-363.98-153.54-1.870.00-662.420.00-3.89
Sale Or Maturity of Investments7,938.245,517.853.200.00146.29199.490.000.060.00
Other Uses-0.900.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.001.350.000.000.00
Cash from Investing Activities-3,244.63-2,813.91-1,850.44-982.11-557.33-493.54-1,310.34-829.75-598.78
Cash Dividends Paid-4.85-423.10-172.30-164.90-116.86-47.11-172.56-187.59-178.70
Change in Capital Stock-487.76-85.090.000.160.000.000.000.000.00
Repurchase of Common Pref Stock-487.76-85.090.000.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.160.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.160.000.000.000.000.00
Issuance or Reduction of Debt, Net-2,513.13857.83120.13245.974.86297.27-89.94-12.09
Net Financing Active Other Cash Flow-367.02-157.15-52.02-151.16-117.43-129.91-137.57-154.92-57.41
Other Financing Activities Uses-367.02-157.15-112.27-151.16-117.43-129.91-137.57-154.92-57.41
Cash from Financing Activities1,373.161,847.79633.51-195.7711.68-172.16-12.86-432.46-248.20
Net Change in Cash-156.52533.52156.58-206.01222.5959.58-358.09-198.20204.07
Free Cash Flow721.891,447.371,354.83942.39753.98715.96956.891,044.191,037.20
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow25.9715.938.2813.3911.447.507.4912.016.43
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,778.133,374.993,676.792,259.332,197.961,462.78
Short Term Receivables1,137.681,151.371,223.341,092.23975.26940.08
Inventories16.7814.3024.094.035.414.52
Other Current Assets99.5375.7745.0630.8021.1917.47
Total Current Assets3,032.134,616.434,969.283,386.383,199.832,424.84
Net Property, Plant & Equipment232.69220.73215.39162.56125.62117.26
Total Investments and Advances158.38156.50145.8677.4371.0768.77
Intangible Assets9,889.969,721.939,715.249,214.388,630.898,293.52
Deferred Tax Assets8.188.08469.45377.43411.21296.66
Other Assets55.5459.7157.466.126.9017.41
Total Assets22,262.2123,108.1822,813.0619,393.4018,435.1616,552.13
Short Term Debt Incl. Current Port. of LT Debt555.96957.85895.94905.511,085.83599.59
Accounts Payable382.43514.69167.01437.98286.54223.43
Income Tax Payable159.17103.9324.7216.4983.2941.49
Other Current Liabilities1,389.851,562.101,769.961,660.761,273.571,052.43
Total Current Liabilities2,487.413,138.562,857.623,020.742,729.221,916.94
Long Term Debt8,420.568,958.358,956.416,396.195,472.455,123.43
Provision for Risks Charges824.88351.04597.4697.3490.0387.65
Deferred Tax Liabilities538.31483.441,050.61948.61925.25841.42
Other Liabilities959.891,422.78958.681,192.741,198.311,172.43
Total Liabilities13,231.0614,354.1714,420.7811,655.6210,415.289,141.87
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity9,031.168,727.648,368.707,737.788,019.887,410.27
Total Shareholders Equity9,031.168,727.648,368.707,737.788,019.887,410.27
Accumulated Minority Interest0.0026.3623.570.000.000.00
Total Equity9,031.168,754.008,392.277,737.788,019.887,410.27
Total Liabilities & Stockholders Equity22,262.2123,108.1822,813.0619,393.4018,435.1616,552.13
Book Value Per Share2.582.492.392.212.282.10
Tangible Book Value Per Share-0.24-0.28-0.38-0.42-0.17-0.25
Full-Time Employees9,0578,9148,9278,7179,3069,190
Price to Book Ratio1.882.422.542.142.061.97
Return on Assets6.817.638.429.307.7813.91
Return on Equity16.2618.7521.2822.2316.9830.12
Return on Invested Capital1.541.621.923.522.943.01
Quick Ratio1.211.471.731.121.171.26
Current Ratio1.221.471.741.121.171.26

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income392.05433.14448.52554.52600.86565.34
Depreciation142.58148.04132.69101.79100.1995.67
Other Funds (Non Cash)63.89-0.24-128.67-292.14-371.70-183.77
Funds from Operations598.52580.94452.55364.18329.35477.24
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-35.05242.57-306.09-182.66254.1777.09
Income Taxes Payable19.96-13.97-69.8281.21-133.277.14
Cash from Operating Activities563.47823.51146.45181.51583.52554.34
Capital Expenditures-990.97-1,661.84-962.031,666.21-699.14-754.57
Net Assets From Acquisitions0.61-12.89-198.170.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments1,538.84373.49-1,410.63-122.01-472.18224.68
Purchase of Investments-747.10-1,105.10-3,611.42-2,094.92-1,837.47-1,225.24
Sale Or Maturity of Investments2,285.941,478.592,200.801,972.911,365.291,449.91
Other Uses-0.901.52-1.520.000.000.24
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities547.58-344.15-2,572.35-875.71-1,171.32-529.66
Cash Dividends Paid0.000.000.00-4.85-10.51-409.98
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-23.76-354.99-23.47-85.540.000.00
Repurchase of Common Pref Stock-23.76-354.99-23.47-85.540.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-977.9971.192,344.41795.18722.32579.63
Net Financing Active Other Cash Flow-135.47-64.00-108.68-58.87-38.63-29.84
Other Financing Activities Uses-135.47-64.00-108.68-58.87-38.63-29.84
Cash from Financing Activities-1,137.22-347.792,212.25645.92673.18139.82
Net Change in Cash-26.17131.57-213.65-48.2885.37164.50
Free Cash Flow-427.50-838.33139.991,847.73-115.63-454.89
Price to Free Cash Flow25.9720.0021.6815.88-202.97

Revenue breakdown

Brazil2024: 6.71B 2025: 6.82B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.42%14.9M3516.6M11.06M
2026-10-150.40%14.1M3506.8M9.24M
2026-09-300.37%13.1M3506.8M7.99M
2026-09-150.39%13.8M3506.8M8.21M
2026-08-310.49%17.4M3506.8M7.89M
2026-08-140.52%18.2M3506.8M6.79M
2026-07-310.14%24.1M17533.6M6.18M
2026-07-150.08%14.5M17533.6M6.49M
2026-06-300.15%25.9M17533.6M6.62M
2026-06-150.12%20.2M17533.6M6.67M
2026-05-290.08%13.8M17533.6M6.93M
2026-05-150.08%14.6M17533.6M6.90M
2026-04-300.08%14.2M17533.6M7.16M
2026-04-150.38%13.3M3512.4M7.02M
2026-03-310.39%13.9M3512.3M7.03M
2026-03-130.44%15.5M3512.3M6.58M
2026-02-270.46%16.8M3628.9M6.07M
2026-02-130.54%19.6M3628.9M6.13M
2026-01-300.53%19.1M3629.0M5.99M
2026-01-150.27%9.7M3629.0M5.55M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.501.753.202.407.80920.000.000.881-0.0700.002
call5.000.000.800.152.5513732.000.602-0.0550.003
call7.500.000.100.102.10631.000.000.136-0.0190.002
call10.000.000.700.052.9751.000.000.107-0.0240.001
put2.500.000.750.058.1211.000.00-0.119-0.0700.002
put5.000.001.200.753.89311.000.00-0.399-0.0540.003
put7.501.553.802.906.3170.000.00-0.861-0.0190.002
put10.004.006.300.007.4990.000.00-0.893-0.0230.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-11-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-09-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-08-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-06-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-06-174/A2026-05-25SEC
2026-06-174/A2026-05-21SEC
2026-06-174/A2026-06-15SEC
2026-06-164Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-166-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-05-294Statement of changes in beneficial ownership of securities2026-05-25SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-21SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-05-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-0600208.88K1
2026-0500333.06K2
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Impax Asset Management Group plc1.47%
DEUTSCHE BANK AG\0.55%
WCM INVESTMENT MANAGEMENT, LLC0.37%
LETKO, BROSSEAU & ASSOCIATES INC0.37%
MACKENZIE FINANCIAL CORP0.34%
Amundi0.22%
Perpetual Ltd0.18%
ASSETMARK, INC0.18%
BlackRock, Inc.0.17%
DUFF & PHELPS INVESTMENT MANAGEMENT CO0.17%

Funds

Fund% owned
Avantis Emerging Markets Equity ETF0.15%
First Trust WCM International Equity ETF0.05%
iShares Global Infrastructure ETF0.04%
Virtus Duff & Phelps Water Fund0.04%
VANGUARD EMERGING MARKETS STOCK INDEX FUND0.03%
Impax Global Environmental Markets Fund0.03%
First Trust Water ETF0.02%
VANGUARD GLOBAL WELLESLEY INCOME FUND0.02%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND0.02%
Invesco Water Resources ETF0.02%

OakChart. SBS. Cached 15 minutes.