Suzano S.A. (SUZ) financials — revenue, cash, debt and margins

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $10.8B
P/E (TTM): 4.11
Price / sales: 1.12
EV / EBITDA: 6.83
Price / book: 1.28

Cash flow

FCF yield: 24.2%
SBC-adjusted FCF yield: 27.4%
SBC impact: 0.7%
Stock compensation (TTM): $19.1M

Margins & growth

Profit margin: 26.8%
Operating margin: 21.2%
Quarterly revenue (year on year): -7.5%
Quarterly earnings (year on year): —

Balance sheet

Cash & investments: $1.5B
Debt: $19.5B
Net cash / (debt): -$18B

Where the revenue comes from

Market Pulp is 75% of revenue.

By product or service

Year to Dec 31, 2025 · $9.6B

Market Pulp75%
$7.3B+0.6% vs. a year earlier
Printing and Writing Paper16%
$1.6B+2.3% vs. a year earlier
Paperboard8%
$767.4M+138.5% vs. a year earlier
Other Products Not Separately Disclosed0.08%
$7.6M-34.6% vs. a year earlier

By region

Year to Dec 31, 2025 · $9.6B

Asia36%
$3.5B+14.2% vs. a year earlier
Europe22%
$2.1B-11.2% vs. a year earlier
North America20%
$2B+29.7% vs. a year earlier
Country of Domicile18%
$1.8B-3.4% vs. a year earlier
Central and South America3%
$318.1M-10.4% vs. a year earlier
Africa0.15%
$14.5M+20.1% vs. a year earlier

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$9.62BQ4 2025-2.1%

1Y: +5.72%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$4.21BQ4 2025-2.7%

1Y: -11.92%

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit

$2.57BQ4 2025+104.5%26.8% of revenue

1Y: +289.54%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

26.8%Q4 2025+108.9%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$2.6BQ4 2025+0.1%

1Y: +18.92%

Cash left over after running and maintaining the business. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit per share

$2.07Q4 2025+100.7%

1Y: +295.33%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

1.24BQ4 20250.0%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

9.0xQ4 2025+22.1%

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

Dividends paid

$1.08M2025-97.1%

No TTM figures — showing Yearly

Cash handed to shareholders. A flat line at zero means the company pays none. One bar per fiscal year, as filed. Stops at the last completed year.

About Suzano S.A.

Ticker: SUZ
SEC classification: Paper Mills (2621)
Listed on: NYSE
Filer size: Large accelerated filer

About this data

Everything above comes from Suzano S.A.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted. This company files in BRL. Figures are converted to US dollars at $1.00 = 5.2115 BRL, the current rate, applied to every period alike — so growth and margins are the company’s own and not the exchange rate’s.

Share-count jumps we cannot explain: 975.30x around Dec 31, 2023. No split accounts for these, so nothing was adjusted — most often it is real dilution rather than a data problem, which is why it is flagged and not corrected.

Not reported by this filer: R&D Expense, SG&A Expense, Total Operating Expenses, Interest Income, Net Interest Income, Non-interest Income, Non-interest Expense, Provision for Credit Losses, Deposits, Loans, Short-term Borrowings, Finance Lease (current), Finance Lease Liabilities (total), and Finance Lease (noncurrent). Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.