InsiderClue
Stocks · Materials · Paper Mills

Suzano S.A.

SUZ Clue Score54
Brazil CIK 0000909327
$8.57 +0.71% Close, 9 Oct 2026
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Price $8.57 −5.93% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.84Operating income1.27Net income1.68EPS, diluted1.53Fiscal year 2017Revenue10.58 +7.5%Operating income3.28Net income1.82 +8.5%EPS, diluted1.66Fiscal year 2018Revenue13.44 +27.1%Operating income5.01Net income0.32 −82.4%EPS, diluted0.29Fiscal year 2019Revenue26.01 +93.5%Operating income2.63Net income−2.82 −981.3%EPS, diluted−2.09Fiscal year 2020Revenue30.46 +17.1%Operating income8.44Net income−10.72EPS, diluted−7.95Fiscal year 2021Revenue40.97 +34.5%Operating income18.18Net income8.63EPS, diluted6.39Fiscal year 2022Revenue49.83 +21.6%Operating income22.22Net income23.38 +171.0%EPS, diluted17.57Fiscal year 2023Revenue39.76 −20.2%Operating income12.22Net income14.08 −39.8%EPS, diluted10.85Fiscal year 2024Revenue47.40 +19.2%Operating income15.69Net income−7.07 −150.2%EPS, diluted−5.59Fiscal year 2025Revenue50.12 +5.7%Operating income10.65Net income13.41EPS, diluted10.82
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.84 10.58 13.44 26.01 30.46 40.97 49.83 39.76 47.40 50.12
Growth +7.5% +27.1% +93.5% +17.1% +34.5% +21.6% −20.2% +19.2% +5.7%
Operating income 1.27 3.28 5.01 2.63 8.44 18.18 22.22 12.22 15.69 10.65
Net income 1.68 1.82 0.32 −2.82 −10.72 8.63 23.38 14.08 −7.07 13.41
Growth +8.5% −82.4% −981.3% +171.0% −39.8% −150.2%
EPS, diluted 1.53 1.66 0.29 −2.09 −7.95 6.39 17.57 10.85 −5.59 10.82

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin33.3%Operating margin13.0%Net margin17.1%Free cash flow margin22.3%Fiscal year 2017Gross margin38.6%Operating margin31.0%Net margin17.2%Free cash flow margin20.9%Fiscal year 2018Gross margin48.5%Operating margin37.3%Net margin2.4%Free cash flow margin29.1%Fiscal year 2019Gross margin20.3%Operating margin10.1%Net margin−10.8%Free cash flow margin21.4%Fiscal year 2020Gross margin37.7%Operating margin27.7%Net margin−35.2%Free cash flow margin38.2%Fiscal year 2021Gross margin49.7%Operating margin44.4%Net margin21.1%Free cash flow margin37.8%Fiscal year 2022Gross margin50.2%Operating margin44.6%Net margin46.9%Free cash flow margin23.8%Fiscal year 2023Gross margin36.9%Operating margin30.7%Net margin35.4%Free cash flow margin14.2%Fiscal year 2024Gross margin42.2%Operating margin33.1%Net margin−14.9%Free cash flow margin24.1%Fiscal year 2025Gross margin32.4%Operating margin21.2%Net margin26.8%Free cash flow margin27.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 33.3% 38.6% 48.5% 20.3% 37.7% 49.7% 50.2% 36.9% 42.2% 32.4%
Operating margin 13.0% 31.0% 37.3% 10.1% 27.7% 44.4% 44.6% 30.7% 33.1% 21.2%
Net margin 17.1% 17.2% 2.4% −10.8% −35.2% 21.1% 46.9% 35.4% −14.9% 26.8%
Free cash flow margin 22.3% 20.9% 29.1% 21.4% 38.2% 37.8% 23.8% 14.2% 24.1% 27.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.08Capital expenditure−0.89Free cash flow2.19Dividends paid−0.30Fiscal year 2017Operating cash flow3.07Capital expenditure−0.86Free cash flow2.21 +0.8%Buybacks−0.00Dividends paid−0.57Fiscal year 2018Operating cash flow5.17Capital expenditure−1.25Free cash flow3.92 +77.5%Dividends paid−0.21Fiscal year 2019Operating cash flow7.58Capital expenditure−2.00Free cash flow5.57 +42.3%Dividends paid−0.61Fiscal year 2020Operating cash flow13.12Capital expenditure−1.50Free cash flow11.62 +108.5%Fiscal year 2021Operating cash flow17.64Capital expenditure−2.15Free cash flow15.49 +33.3%Dividends paid−0.01Fiscal year 2022Operating cash flow21.64Capital expenditure−9.79Free cash flow11.85 −23.5%Buybacks−1.90Dividends paid−4.15Fiscal year 2023Operating cash flow17.32Capital expenditure−11.67Free cash flow5.64 −52.4%Buybacks−0.88Dividends paid−0.19Fiscal year 2024Operating cash flow20.60Capital expenditure−9.19Free cash flow11.41 +102.3%Buybacks−2.81Fiscal year 2025Operating cash flow18.15Capital expenditure−4.58Free cash flow13.57 +18.9%Buybacks−0.19Dividends paid−0.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.08 3.07 5.17 7.58 13.12 17.64 21.64 17.32 20.60 18.15
Capital expenditure −0.89 −0.86 −1.25 −2.00 −1.50 −2.15 −9.79 −11.67 −9.19 −4.58
Free cash flow 2.19 2.21 3.92 5.57 11.62 15.49 11.85 5.64 11.41 13.57
Growth +0.8% +77.5% +42.3% +108.5% +33.3% −23.5% −52.4% +102.3% +18.9%
Buybacks n/a −0.00 n/a n/a n/a n/a −1.90 −0.88 −2.81 −0.19
Dividends paid −0.30 −0.57 −0.21 −0.61 n/a −0.01 −4.15 −0.19 n/a −0.01

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.61Shareholders’ equity10.12Fiscal year 2017Cash1.08Total debt10.08Net cash (debt)−9.00Shareholders’ equity11.62Debt to equity0.87Fiscal year 2018Cash4.39Total debt32.31Net cash (debt)−27.92Shareholders’ equity12.01Debt to equity2.69Fiscal year 2019Cash3.25Total debt57.46Net cash (debt)−54.21Shareholders’ equity17.97Debt to equity3.20Fiscal year 2020Cash6.84Total debt70.86Net cash (debt)−64.02Shareholders’ equity7.23Debt to equity9.80Fiscal year 2021Cash13.59Total debt75.97Net cash (debt)−62.38Shareholders’ equity15.08Debt to equity5.04Fiscal year 2022Cash9.51Total debt71.24Net cash (debt)−61.73Shareholders’ equity33.06Debt to equity2.15Fiscal year 2023Cash8.35Total debt72.41Net cash (debt)−64.07Shareholders’ equity44.69Debt to equity1.62Fiscal year 2024Cash9.02Total debt90.93Net cash (debt)−81.92Shareholders’ equity32.28Debt to equity2.82Fiscal year 2025Cash15.18Total debt91.80Net cash (debt)−76.62Shareholders’ equity43.81Debt to equity2.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.61 1.08 4.39 3.25 6.84 13.59 9.51 8.35 9.02 15.18
Total debt n/a 10.08 32.31 57.46 70.86 75.97 71.24 72.41 90.93 91.80
Net cash (debt) n/a −9.00 −27.92 −54.21 −64.02 −62.38 −61.73 −64.07 −81.92 −76.62
Shareholders’ equity 10.12 11.62 12.01 17.97 7.23 15.08 33.06 44.69 32.28 43.81
Debt to equity n/a 0.87 2.69 3.20 9.80 5.04 2.15 1.62 2.82 2.10

In billions of BRL, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
33.3% 38.6% 48.5% 20.3% 37.7% 49.7% 50.2% 36.9% 42.2% 32.4%
13.0% 31.0% 37.3% 10.1% 27.7% 44.4% 44.6% 30.7% 33.1% 21.2%
24.4% 21.4% 1.2% −15.8% −57.9% 21.6% 57.5% 45.3% −27.7% 40.7%
17.1% 17.2% 2.4% −10.8% −35.2% 21.1% 46.9% 35.4% −14.9% 26.8%
22.3% 20.9% 29.1% 21.4% 38.2% 37.8% 23.8% 14.2% 24.1% 27.1%
Spending
4.3% 5.0% 6.1% 4.5% 4.7% 3.9% 3.4% 4.8% 5.5% 5.6%
9.0% 8.1% 9.3% 7.7% 4.9% 5.2% 19.6% 29.4% 19.4% 9.1%
30.0% 19.4% −93.5% n/a n/a −2.2% −18.4% −21.6% n/a −34.2%
Returns
16.6% 15.7% 2.7% −15.7% −148.3% 57.2% 70.7% 31.5% −21.9% 30.6%
5.7% 6.4% 0.6% −2.9% −10.5% 7.3% 17.6% 9.8% −4.3% 8.0%
Balance and payout
n/a 0.87 2.69 3.20 9.80 5.04 2.15 1.62 2.82 2.10
65.5% 59.3% 77.7% 81.5% 92.8% 87.2% 75.1% 68.8% 80.5% 73.8%
17.9% 31.3% 65.8% n/a n/a 0.1% 17.8% 1.4% n/a 0.0%
13.7% 25.9% 5.4% 10.9% n/a 0.1% 51.1% 19.0% 24.6% 1.5%

Shown in BRL as filed; the screener converts to dollars.