CompanyGraph
What stands out
- Returns appear driven by leverage
At a glance
- Depends onMidstream position: 6 outgoing, 4 incoming connections
- ScaleLevered free cash flow is -$1.23B, lower than 95% of all stocks globally
- PositionReturn on equity is 22%, higher than 95% of its Infrastructure Operations peers (median 7.8%)
- Interpretations2 currently firing — 2
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
14.32%Above 5Y avg (1.60%)
Annual Rate
BRL 2.89Paid quarterly
Payout Ratio
23.8%Sustainable
Payback Period
18.1 yr
Last Ex-Dividend
Sep 8, 2026
The reported statements, read against the company's own industry.
What stands out
- Returns appear driven by leverage
Financials view
Market Capitalization
40.60BBRL8.16B · vs all stocks (USD)
Trailing P/E
12.25xvs Infrastructure Operations peers
Revenue (TTM)
20.12BBRL4.04B · vs all stocks (USD)
Profit Margin
19.27%vs Infrastructure Operations peers
Beta
0.2740xvs all stocks
52-Week Change
30.07%vs all stocks
Forward Annual Dividend Yield
14.32%vs all stocks
Market Capitalization
40.60BBRL8.16B · vs all stocks (USD)
Enterprise Value
74.27BBRL14.92B · vs all stocks (USD)
Trailing P/E
12.25xvs Infrastructure Operations peers
Forward P/E
13.35xvs Infrastructure Operations peers
PEG Ratio
0.2133xPrice to Sales (TTM)
1.99xvs Infrastructure Operations peers
Price to Book (MRQ)
2.26xvs Infrastructure Operations peers
Enterprise to Revenue
3.69xvs Infrastructure Operations peers
Enterprise to EBITDA
8.14xvs Infrastructure Operations peers
Gross Margin
45.78%vs Infrastructure Operations peers
Profit Margin
19.27%vs Infrastructure Operations peers
Operating Margin
35.69%vs Infrastructure Operations peers
Return on Assets (TTM)
6.62%vs Infrastructure Operations peers
Return on Equity (TTM)
21.97%vs Infrastructure Operations peers
Revenue (TTM)
20.12BBRL4.04B · vs all stocks (USD)
Revenue per Share (TTM)
10.01BRLUpdated Oct 25, 2026Quarterly Revenue Growth
19.90%vs Infrastructure Operations peers
Gross Profit (TTM)
11.16BBRL2.24B · vs all stocks (USD)
EBITDA (TTM)
9.79BBRL1.97B · vs all stocks (USD)
Net Income (TTM)
3.38BBRL678.55M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
57.50%vs Infrastructure Operations peers
Operating Cash Flow (TTM)
5.93BBRL1.19B · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-6.10BBRL-1.23B · vs all stocks (USD)
Forward Annual Dividend Rate
2.89BRLUpdated Oct 25, 2026Forward Annual Dividend Yield
14.32%vs all stocks
Trailing Annual Dividend Rate
1.11BRLUpdated Oct 25, 2026Trailing Annual Dividend Yield
5.50%vs all stocks
5-Year Average Dividend Yield
1.60%vs all stocks
Payout Ratio
23.82%vs Infrastructure Operations peers
Minority Interest (Equity)
491.19MBRLFY2025 · Dec 31, 2025Revenue
18.85BBRLFY2025 · Dec 31, 2025Cost of Goods Sold
9.91BBRLFY2025 · Dec 31, 2025Gross Profit
8.94BBRLFY2025 · Dec 31, 2025Operating Income
7.19BBRL1.44B · vs all stocks (USD)
Pre-tax Income
4.14BBRLFY2025 · Dec 31, 2025Income Tax Expense
997.91MBRLFY2025 · Dec 31, 2025Net Income
3.50BBRLFY2025 · Dec 31, 2025EBIT
7.19BBRLFY2025 · Dec 31, 2025EBITDA (Income Statement)
8.72BBRLFY2025 · Dec 31, 2025Selling, General & Administrative
651.11MBRLFY2025 · Dec 31, 2025Other Operating Expenses
-77.71MBRLFY2025 · Dec 31, 2025EPS (Basic)
163.13KBRLFY2025 · Dec 31, 2025EPS (Diluted)
162.36KBRLFY2025 · Dec 31, 2025Basic Shares Outstanding
2.01BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
2.01BSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
3.50BBRLFY2025 · Dec 31, 2025Minority Interests (P&L)
-223.91MBRLFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00BRLFY2025 · Dec 31, 2025Operating Cash Flow
4.38BBRLFY2025 · Dec 31, 2025Free Cash Flow
3.97BBRLFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
3.65BBRLFY2025 · Dec 31, 2025Starting Profit (CF Statement)
3.50BBRLFY2025 · Dec 31, 2025Other Non-cash Items
765.89MBRLFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
298.77MBRLFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-192.69MBRLFY2025 · Dec 31, 2025Capital Expenditures
-409.36MBRLFY2025 · Dec 31, 2025Net Intangibles (CF)
-8.97BBRLFY2025 · Dec 31, 2025Net Acquisitions
-406.00KBRLFY2025 · Dec 31, 2025Purchase of Investments
-1.54BBRLFY2025 · Dec 31, 2025Other Investing Activity
6.45BBRLFY2025 · Dec 31, 2025Net Investing Cash Flow
4.50BBRLFY2025 · Dec 31, 2025Long-term Debt Issuance
13.14BBRLFY2025 · Dec 31, 2025Long-term Debt Payments
-5.66BBRLFY2025 · Dec 31, 2025Common Stock Repurchase
0.00BRLFY2025 · Dec 31, 2025Common Dividends Paid
-974.75MBRLFY2025 · Dec 31, 2025Other Financing Charges
-5.66BBRLFY2025 · Dec 31, 2025Net Financing Cash Flow
838.21MBRLFY2025 · Dec 31, 2025Shares Outstanding
2.01BSharesUpdated Oct 25, 2026Float Shares
908.73MSharesUpdated Oct 25, 2026% Held by Insiders
39.56%vs all stocks
% Held by Institutions
44.20%vs all stocks
Total Cash (MRQ)
10.49BBRL2.11B · vs all stocks (USD)
Total Cash per Share (MRQ)
5.22BRLUpdated Oct 25, 2026Total Debt (MRQ)
44.18BBRL8.87B · vs all stocks (USD)
Total Debt to Equity (MRQ)
2.45xvs Infrastructure Operations peers
Current Ratio (MRQ)
1.77xvs Infrastructure Operations peers
Book Value per Share (MRQ)
8.83BRLUpdated Oct 25, 2026Total Assets
71.01BBRL14.26B · vs all stocks (USD)
Total Current Assets
23.93BBRLFY2025 · Dec 31, 2025Total Liabilities
54.73BBRLFY2025 · Dec 31, 2025Total Non-current Assets
47.09BBRLFY2025 · Dec 31, 2025Total Non-current Liabilities
39.22BBRLFY2025 · Dec 31, 2025Total Current Liabilities
15.51BBRLFY2025 · Dec 31, 2025Cash
60.20MBRLFY2025 · Dec 31, 2025Cash Equivalents
3.59BBRLFY2025 · Dec 31, 2025Cash & Cash Equivalents
3.65BBRLFY2025 · Dec 31, 2025Other Short-term Investments
4.02BBRLFY2025 · Dec 31, 2025Accounts Receivable
2.21BBRLFY2025 · Dec 31, 2025Inventory
443.07MBRLFY2025 · Dec 31, 2025Accounts Payable
1.09BBRLFY2025 · Dec 31, 2025Short-term Debt
1.87BBRLFY2025 · Dec 31, 2025Other Current Liabilities
642.93MBRLFY2025 · Dec 31, 2025Long-term Debt
35.39BBRLFY2025 · Dec 31, 2025Other Non-current Liabilities
243.09MBRLFY2025 · Dec 31, 2025Common Stock (Book)
6.02BBRLFY2025 · Dec 31, 2025Total Shareholders' Equity
16.28BBRL3.27B · vs all stocks (USD)
52-Week Low
13.52BRLUpdated Oct 25, 202652-Week High
20.83BRLUpdated Oct 25, 202652-Week Change
30.07%vs all stocks
Beta
0.2740xvs all stocks
50-Day MA
17.00BRLUpdated Oct 25, 2026200-Day MA
15.81BRLUpdated Oct 25, 2026Avg 10-Day Volume
15.30MSharesUpdated Oct 25, 2026Avg 30-Day Volume
15.80MSharesUpdated Oct 25, 2026Diluted EPS (TTM)
1.63BRLUpdated Oct 25, 20262 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
Elevated ROE With High Debt-to-Equity and Equity Multiplier
Return on equity reads high on a balance sheet carrying a lot of debt against that equity.
Reads
Where is this company structurally exposed?
Elevated Leverage on Three Denominators
Debt sits high against its equity, its assets, and its cash flow.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Return on equity is 22%, higher than 95% of its Infrastructure Operations peers (median 7.8%)Significant
Return on equity: 0.22Industry median: 0.08Industry P95: 0.19Peers compared: 25.00
Debt-to-equity is 2.45×, higher than 95% of its Infrastructure Operations peers (median 0.97×)Significant
Debt-to-equity: 2.45Industry median: 0.97Industry P95: 2.41Peers compared: 25.00
Structural Tensions
Returns appear driven by leverageSignificant
Return on Equity: 0.22Debt-to-Equity: 2.45
Financial Health
Altman Z-Score 1.19: grey zoneSignificant
Altman Z-Score: 1.19
Supply Chain
Midstream position: 6 outgoing, 4 incoming connectionsNotable
Outgoing: 6.00Incoming: 4.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Levered free cash flow is -$1.23B, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -1,225,341,281.556Global P5: -208,648,239.235
Market cap is $8.16B, above the global median of $1.15BNotable
Market cap (USD): 8,155,071,770.144Global Median: 1,150,228,651.185
Revenue is $4.04B, above the global median of $560.37MNotable
Revenue (USD): 4,041,834,370.253Global Median: 560,374,939.3
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