SUZNYSEPaper Mills

Suzano S.A.

Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Mar 24, 2026

$8.50+0.00 (0.00%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2015 to 2025

32.4%−5.4 pts over 5 years

21.2%−6.5 pts over 5 years

26.8%+62.0 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+5.7%	+0.2%	+10.5%	–
Gross profit	-18.9%	-13.4%	+7.1%	–
Operating income	-32.1%	-21.7%	+4.8%	–
Net income	–	-16.9%	–	–
EPS, diluted	–	-14.9%	–	–
Free cash flow	+18.9%	+4.6%	+3.2%	–

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	–	-85.1%	35.2%
Return on assets	–	-10.7%	8.0%
Current ratio	–	2.20	3.19
Debt to equity	–	10.08	2.16
Net debt to EBITDA	–	4.40×	3.69×
Interest coverage	1.1×	1.9×	1.5×
Inventory turnover	–	4.4×	4.2×
Capex to revenue	9.0%	4.9%	9.1%
Diluted shares	1M	1M	1.24B

Return on equity split into margin, efficiency and leverage

Net margin26.8%

Asset turnover0.30×

Equity multiplier4.39×

Return on equity, FY202535.2%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	26.8%	0.30×	4.39×	35.2%
FY2024	-14.9%	0.31×	4.02×	-18.4%
FY2023	35.4%	0.29×	3.56×	36.2%
FY2022	46.9%	0.40×	5.24×	97.1%
FY2021	21.1%	0.37×	9.90×	77.3%
FY2020	-35.2%	0.31×	7.92×	-85.1%
FY2019	-10.8%	0.34×	5.06×	-18.8%
FY2018	2.4%	0.33×	3.49×	2.7%
FY2017	17.2%	0.37×	2.66×	16.8%