Also trades as: BRFS3.SA (SAO) · $vol 45M

$3.38

Last traded 2025-09-22 — delisted

NYSE · Consumer Defensive · Packaged Foods · $5.4B mcap · 405M float · 0.683% daily turnover · Short 46% of daily vol

Revenue

$61.4B +14.5% ▲

5Y CAGR: +12.9%

Gross Profit

$15.8B +79.3% ▲

5Y CAGR: +14.4%

Operating Income

$6.6B +1259.8% ▲

5Y CAGR: +10.9%

Net Income

$3.2B +258.4% ▲

5Y CAGR: +21.5%

EPS (Diluted)

$1.94 +230.2% ▲

5Y CAGR: +5.4%

EBITDA

$9.1B +121.1% ▲

5Y CAGR: +7.9%

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$39.5B	$48.3B	$53.8B	$53.6B	$61.4B
YoY Growth	+18.0%	+22.5%	+11.3%	-0.4%	+14.5%
Cost of Revenue	$30.0B	$38.2B	$45.7B	$44.8B	$45.5B
Gross Profit	$9.5B	$10.2B	$8.1B	$8.8B	$15.8B
Gross Margin	24.0%	21.0%	15.1%	16.5%	25.8%
R&D Expenses	$65M	$42M	$33M	$48M	$66M
SG&A Expenses	$6.3B	$6.9B	$7.3B	$7.6B	$8.4B
Operating Expenses	$6.5B	$7.3B	$8.3B	$8.3B	$9.2B
Operating Income	$2.8B	$3.0B	$484M	$488M	$6.6B
Operating Margin	7.2%	6.2%	0.9%	0.9%	10.8%
Interest Expense	$2.2B	$2.9B	$3.2B	$3.7B	$3.2B
Income Before Tax	$1.1B	-$35M	-$2.8B	-$2.0B	$5.0B
Tax Expense	-$242M	-$552M	$286M	-$116M	$1.4B
Net Income	$1.5B	$419M	-$3.1B	-$2.0B	$3.2B
Net Margin	3.8%	0.9%	-5.7%	-3.8%	5.2%
EPS (Diluted)	$1.71	$0.52	$-2.94	$-1.49	$1.94
EBITDA	$6.0B	$4.9B	$3.4B	$4.1B	$9.1B
Shares Outstanding	811M	809M	1.05B	1.36B	1.62B

Line Item	FY2023 Q3	FY2023 Q4	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2
Revenue	$13.8B	$14.4B	$13.4B	$14.9B	$15.5B	$17.5B	$15.5B	$15.4B
Cost of Revenue	$11.3B	$11.4B	$10.3B	$11.0B	$11.3B	$13.1B	$11.5B	$11.3B
Gross Profit	$2.5B	$3.0B	$3.1B	$3.9B	$4.2B	$4.5B	$4.1B	$4.1B
Gross Margin	18.0%	21.1%	23.1%	26.3%	27.1%	25.5%	26.1%	26.6%
R&D Expenses	$12M	$14M	$16M	$15M	$18M	$17M	$15M	$0
SG&A Expenses	$1.9B	$2.2B	$1.8B	$2.0B	$2.1B	$2.4B	$2.0B	$2.3B
Operating Expenses	$2.0B	$2.0B	$1.8B	$2.2B	$2.2B	$2.7B	$2.2B	$2.5B
Operating Income	$402M	$1.0B	$1.2B	$1.7B	$2.0B	$1.7B	$1.9B	$1.6B
Operating Margin	2.9%	7.0%	9.2%	11.3%	12.7%	9.9%	12.1%	10.2%
Interest Expense	$682M	$1.4B	$807M	$761M	$804M	$827M	$811M	$916M
Income Before Tax	-$221M	$739M	$715M	$1.3B	$1.5B	$1.5B	$1.4B	$884M
Tax Expense	$41M	-$18M	$121M	$219M	$366M	$652M	$242M	$149M
Net Income	-$387M	$751M	$505M	$988M	$1.0B	$696M	$1.1B	$741M
Net Margin	-2.8%	5.2%	3.8%	6.6%	6.6%	4.0%	7.2%	4.8%
EPS (Diluted)	$-0.24	$0.45	$0.30	$0.59	$0.62	$0.43	$0.70	$0.46
EBITDA	$1.3B	$2.4B	$2.2B	$2.9B	$3.2B	$2.7B	$3.1B	$2.7B
Shares Outstanding	1.60B	1.68B	1.67B	1.67B	1.66B	1.62B	1.61B	1.61B

BRFS NYSE