A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SUZ SEC filings page.
Suzano S.A. (SUZ) reported $9.2B in revenue for fiscal year 2025, up 19.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Suzano S.A.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Suzano S.A. has an operating margin of 21.3%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 84/100, reflecting efficient cost management and pricing power. This is down from 33.1% the prior year.
Suzano S.A.'s revenue surged 19.4% year-over-year to $9.2B, reflecting rapid business expansion. This strong growth earns a score of 52/100.
Suzano S.A. has elevated debt relative to equity (D/E of 2.10), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.
With a current ratio of 3.19, Suzano S.A. holds $3.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
Suzano S.A. converts 27.1% of revenue into free cash flow ($2.5B). This strong cash generation earns a score of 89/100.
Suzano S.A.'s ROE of 30.6% shows moderate profitability relative to equity, earning a score of 62/100. This is up from -21.9% the prior year.
Suzano S.A. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Suzano S.A. generates $1.35 in operating cash flow ($3.3B OCF vs $2.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Suzano S.A. earns $1.88 in operating income for every $1 of interest expense ($1.9B vs $1.0B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Suzano S.A. generated $2.4B in revenue in Q4 2025. This represents an increase of 4.4% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.
Suzano S.A.'s EBITDA was $1.2B in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.1% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.
Suzano S.A. reported $19.9M in net income in Q4 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 94.6%.
Suzano S.A. earned $0.02 per diluted share (EPS) in Q4 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 94.4%.
Cash & Balance Sheet
Suzano S.A. generated $767.8M in free cash flow in Q4 2025, representing cash available after capex. This represents an increase of 13.4% from the same quarter a year earlier. Against the prior quarter it is up 26.7%.
Suzano S.A. held $2.8B in cash against $16.8B in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Margins & Returns
Suzano S.A.'s gross margin was 30.6% in Q4 2025, indicating the percentage of revenue retained after direct costs. This is down 7.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Suzano S.A.'s operating margin was 27.0% in Q4 2025, reflecting core business profitability. This is down 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.8 percentage points.
Suzano S.A.'s net profit margin was 0.8% in Q4 2025, showing the share of revenue converted to profit. This is up 48.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.2 percentage points.
Suzano S.A.'s quarterly ROE was 0.3% in Q4 2025: one quarter's net income over shareholder equity, not annualized. This is up 21.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.1 percentage points.
Capital Allocation
Suzano S.A. invested $210.7M in capex in Q4 2025, funding long-term assets and infrastructure. This represents a decrease of 35.3% from the same quarter a year earlier. Against the prior quarter it is up 39.3%.
Not reported for Q4 2025.
Not reported for Q4 2025.
SUZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B+4.4% | $2.3B+1.3% | $2.4B+18.4% | $2.0B+6.7% | $2.3B | $2.3B | $2.1B+8.6% | $1.9B |
| Cost of Revenue | $1.7B+17.3% | $1.6B+26.3% | $1.6B+44.7% | $1.3B+18.5% | $1.4B | $1.3B | $1.1B-15.4% | $1.1B |
| Gross Profit | $733.1M-16.3% | $694.5M-30.2% | $863.4M-11.1% | $666.1M-11.1% | $875.9M | $995.4M | $971.5M+59.4% | $749.5M |
| Operating Income | $647.3M-9.4% | $369.7M-51.0% | $529.6M-36.2% | $393.5M-22.7% | $714.1M | $753.9M | $829.9M+30.1% | $508.9M |
| EBITDA | $1.2B+3.1% | $891.5M-23.2% | $1.0B-13.3% | $813.0M-8.4% | $1.2B | $1.2B | $1.2B | $887.6M |
| Interest Expense | $162.3M+14.0% | $342.3M+19.1% | $295.9M+42.7% | $236.9M+39.3% | $142.4M | $287.5M | $207.4M-13.2% | $170.1M |
| Income Tax | N/A | N/A | N/A | -$628.4M-545.2% | N/A | N/A | N/A | $141.1M |
| Net Income | $19.9Mn/m | $366.7M-38.0% | $921.8Mn/m | $1.1B+2471.9% | -$1.1B | $591.5M | -$678.1M-164.3% | $42.9M |
| EPS (Basic) | $0.02n/m | $0.30-37.2% | $0.75n/m | $0.89+2568.9% | -$0.86 | $0.47 | -$0.53-165.1% | $0.03 |
| EPS (Diluted) | $0.02n/m | $0.30-37.2% | $0.74n/m | $0.89+2562.3% | -$0.86 | $0.47 | -$0.53-165.1% | $0.03 |
| Diluted Shares (Avg) | N/A | N/A | N/A | 1.24B-3.4% | N/A | N/A | N/A | 1.29B |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
SUZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $30.7B+14.3% | $30.9B | $29.4B+6.6% | $27.0B | $26.8B-9.3% | N/A | $27.5B-4.2% | N/A |
| Current Assets | $8.0B+17.4% | $8.0B | $7.4B+4.5% | $6.0B | $6.8B-14.2% | N/A | $7.0B-11.1% | N/A |
| Cash & Equivalents | $2.8B+90.0% | $3.0B+178.6% | $2.3B+73.6% | $1.7B+106.1% | $1.5B-15.2% | $1.1B | $1.3B-47.1% | $838.1M |
| Inventory | $1.5B+15.7% | $1.7B | $1.6B+23.8% | $1.5B | $1.3B+5.1% | N/A | $1.3B-4.0% | N/A |
| Accounts Receivable | $1.2B-18.9% | $1.2B | $1.3B+3.3% | $1.1B | $1.5B+4.6% | N/A | $1.3B | N/A |
| Goodwill | $5.4M-85.3% | $35.6M | $33.3M-19.0% | $39.0M | $36.5M-22.7% | N/A | $41.2M-15.1% | N/A |
| Total Liabilities | $22.6B+4.8% | $22.4B | $21.4B+5.7% | $20.3B | $21.6B+6.1% | N/A | $20.2B+1.8% | N/A |
| Current Liabilities | $2.5B-36.5% | $2.5B | $2.3B-18.0% | $2.3B | $4.0B+29.8% | N/A | $2.8B-8.2% | N/A |
| Non-Current Liabilities | $20.1B+14.1% | $19.9B | $19.1B+9.6% | $18.0B | $17.6B+1.9% | N/A | $17.4B+3.7% | N/A |
| Long-Term Debt | $16.8B+14.0% | $16.7B | $16.3B+11.7% | $15.3B | $14.7B-1.5% | N/A | $14.6B+2.0% | N/A |
| Total Equity | $8.0B+53.2% | $8.5B+11.0% | $7.9B+9.1% | $6.7B-25.0% | $5.2B-43.3% | $7.6B | $7.3B-17.7% | $8.9B |
| Retained Earnings | N/A | $2.5B | $2.1Bn/m | $1.1B | N/A | N/A | -$632.9M-129.4% | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
SUZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $978.6M-2.4% | $757.3M-21.8% | $799.5M-26.8% | $769.6M+26.4% | $1.0B | $968.4M | $1.1B | $609.0M |
| Depreciation & Amortization | $541.4M+23.3% | $521.7M+28.3% | $508.5M+38.3% | $419.5M+10.8% | $439.0M | $406.7M | $367.6M | $378.7M |
| Capital Expenditures | $210.7M-35.3% | $151.3M-61.7% | $255.4M-42.5% | $214.6M-57.9% | $325.7M | $394.6M | $444.1M | $509.7M |
| Free Cash Flow | $767.8M+13.4% | $606.0M+5.6% | $544.1M-16.0% | $555.0M+459.0% | $677.3M | $573.8M | $647.4M | $99.3M |
| Investing Cash Flow | -$918.0Mn/m | -$614.3Mn/m | -$894.6Mn/m | $579.1Mn/m | -$935.5M | -$943.0M | -$638.5M | -$1.2B |
| Financing Cash Flow | -$261.9M-167.0% | $586.9Mn/m | $568.6M+782.6% | -$1.1Bn/m | $390.8M | -$287.8M | $64.4M | -$257.1M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
SUZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q3'256-K | Q2'256-K | Q1'256-K | Q4'2420-F | Q3'246-K | Q2'246-K | Q1'246-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6%-7.6pp | 30.4%-13.8pp | 35.3%-11.7pp | 33.1%-6.6pp | 38.2% | 44.2% | 47.0%+15.0pp | 39.7% |
| Operating Margin | 27.0%-4.1pp | 16.2%-17.3pp | 21.6%-18.5pp | 19.6%-7.4pp | 31.1% | 33.5% | 40.1%+6.6pp | 27.0% |
| Net Margin | 0.8%+48.4pp | 16.1%-10.2pp | 37.6%+70.4pp | 54.9%+52.6pp | -47.6% | 26.3% | -32.8%-88.2pp | 2.3% |
| Return on Equity | 0.3%+21.1pp | 4.3%-3.4pp | 11.6%+20.9pp | 16.5%+16.0pp | -20.9% | 7.8% | -9.3%-21.2pp | 0.5% |
| Return on Assets | 0.1%+4.1pp | 1.2% | 3.1%+5.6pp | 4.1% | -4.1% | N/A | -2.5%-6.1pp | N/A |
| Current Ratio | 3.19+1.5x | 3.20 | 3.16+0.7x | 2.61 | 1.72-0.9x | N/A | 2.48-0.1x | N/A |
| Debt-to-Equity | 2.10-0.7x | 1.98 | 2.060.0x | 2.28 | 2.82+1.2x | N/A | 2.01+0.4x | N/A |
| Liabilities-to-Equity | 2.83-1.3x | 2.64 | 2.69-0.1x | 3.04 | 4.14+1.9x | N/A | 2.78+0.5x | N/A |
| Asset Turnover | 0.080.0x | 0.07 | 0.080.0x | 0.07 | 0.09 | N/A | 0.080.0x | N/A |
| FCF Margin | 32.1%+2.5pp | 26.6%+1.1pp | 22.2%-9.1pp | 27.6%+22.3pp | 29.5% | 25.5% | 31.3% | 5.3% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Suzano S.A. SUZ | FY2025 | $9.2B | $2.4B | 26.8% | $11.4B | 64/100 |
| Sylvamo Corporation SLVM | FY2025 | $3.4B | $132.0M | 3.9% | $1.3B | 48/100 |
| Magnera Corporation MAGN | FY2025 | $3.2B | -$159.0M | -5.0% | $430.0M | 41/100 |
| Sociedad Quimica y Minera de Chile SA SQM | FY2025 | $4.6B | $640.6M | 14.0% | $16.1B | 60/100 |
| Westlake Corporation WLK | FY2025 | $11.2B | -$1.5B | -13.5% | $8.4B | 36/100 |
| Cemex S.A.B. de C.V. CX | FY2025 | $16.1B | $970.0M | 6.0% | $15.6B | 50/100 |
Where Suzano S.A. Ranks
Frequently Asked Questions
What is Suzano S.A.'s annual revenue?
Suzano S.A. (SUZ) reported $9.2B in total revenue for fiscal year 2025. This represents a 19.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Suzano S.A.'s revenue growing?
Suzano S.A. (SUZ) revenue grew by 19.4% year-over-year, from $7.7B to $9.2B in fiscal year 2025.
Is Suzano S.A. profitable?
Yes, Suzano S.A. (SUZ) reported a net income of $2.4B in fiscal year 2025, with a net profit margin of 26.8%.
What is Suzano S.A.'s EBITDA?
Suzano S.A. (SUZ) had EBITDA of $3.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Suzano S.A. have?
As of fiscal year 2025, Suzano S.A. (SUZ) had $2.8B in cash and equivalents against $16.8B in long-term debt.
What is Suzano S.A.'s gross margin?
Suzano S.A. (SUZ) had a gross margin of 32.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Suzano S.A.'s operating margin?
Suzano S.A. (SUZ) had an operating margin of 21.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Suzano S.A.'s net profit margin?
Suzano S.A. (SUZ) had a net profit margin of 26.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Suzano S.A.'s return on equity (ROE)?
Suzano S.A. (SUZ) has a return on equity of 30.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Suzano S.A.'s free cash flow?
Suzano S.A. (SUZ) generated $2.5B in free cash flow during fiscal year 2025. This represents a 34.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Suzano S.A.'s operating cash flow?
Suzano S.A. (SUZ) generated $3.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Suzano S.A.'s total assets?
Suzano S.A. (SUZ) had $30.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Suzano S.A.'s capital expenditures?
Suzano S.A. (SUZ) invested $836.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Suzano S.A.'s current ratio?
Suzano S.A. (SUZ) had a current ratio of 3.19 as of fiscal year 2025, which is generally considered healthy.
What is Suzano S.A.'s debt-to-equity ratio?
Suzano S.A. (SUZ) had a debt-to-equity ratio of 2.10 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Suzano S.A.'s liabilities-to-equity ratio?
Suzano S.A. (SUZ) had a liabilities-to-equity ratio of 2.83 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Suzano S.A.'s return on assets (ROA)?
Suzano S.A. (SUZ) had a return on assets of 8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Suzano S.A.'s P/E ratio?
Suzano S.A. (SUZ) trades at 4.6x earnings, its market capitalization divided by $2.4B net income, FY2025. The market capitalization is $11.4B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Suzano S.A.'s price-to-sales ratio?
Suzano S.A. (SUZ) trades at 1.2x sales, its market capitalization divided by $9.2B revenue, FY2025. The market capitalization is $11.4B as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Suzano S.A.'s Piotroski F-Score?
Suzano S.A. (SUZ) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Suzano S.A.'s earnings high quality?
Suzano S.A. (SUZ) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Suzano S.A. cover its interest payments?
Suzano S.A. (SUZ) has an interest coverage ratio of 1.88x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Suzano S.A.?
Suzano S.A. (SUZ) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.