Is the business good?
How good a business is SUZ?
Suzano S.A. earns 6.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.8%
Return on invested capital · cost of capital 9.0% · 2.2 points below what the capital costs: growth destroys value
- Operating margin
- 21%
Operating margin · Basic Materials median 13% · 12 months to Q4 2025
- Cash conversion
- 1.01×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Gross margin
- 32%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 28% |
| FY2021 | 44% |
| FY2022 | 45% |
| FY2023 | 31% |
| FY2024 | 33% |
| FY2025 | 21% |
Details›
- Gross margin12 months to Q4 2025
- 32%
- Operating margin12 months to Q4 2025
- 21%
- Net margin12 months to Q4 2025
- 27%
- Free cash flow margin
- 27%
- Revenue, trailing twelve months
- $50.1B
- Free cash flow, trailing twelve months
- $13.6B
- Net income, trailing twelve months
- $13.4B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Basic Materials
The closest names by size in the same sector