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SUZ

Suzano S.A.

SUZ

Suzano S.A. • NYSE
$8.96 ▼ -0.06% (-0.01)
Market Cap $11.07 B
52w High $10.98
52w Low $8.41
Dividend Yield 0.33%
P/E 8.96
Volume 2.28M
Outstanding Shares 1.24B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.153B ▼ $1.73B ▲ $1.954B ▼ 16.074% ▼ $1.58 ▼ $7.624B ▼
Q2-2025 $13.296B ▲ $1.641B ▲ $5.012B ▼ 37.695% ▼ $4.06 ▼ $11.746B ▲
Q1-2025 $11.553B ▼ $1.565B ▲ $6.341B ▲ 54.884% ▲ $5.12 ▲ $4.835B ▼
Q4-2024 $14.177B ▲ $1B ▼ $-6.744B ▼ -47.568% ▼ $-5.44 ▼ $6.303B ▼
Q3-2024 $12.274B $1.316B $3.224B 26.27% $2.57 $8.847B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $23.574B ▲ $164.417B ▲ $119.158B ▲ $45.118B ▲
Q2-2025 $20.371B ▲ $159.423B ▲ $116.152B ▼ $43.138B ▲
Q1-2025 $16.431B ▼ $155.245B ▼ $116.709B ▼ $38.398B ▲
Q4-2024 $21.99B ▲ $165.936B ▲ $133.521B ▲ $32.284B ▼
Q3-2024 $17.13B $153.212B $111.61B $41.471B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.954B ▼ $4.034B ▼ $-3.272B ▲ $3.126B ▲ $3.555B ▲ $586.836M ▼
Q2-2025 $5.012B ▼ $4.341B ▼ $-4.857B ▼ $3.087B ▲ $2.369B ▲ $1.138B ▼
Q1-2025 $6.348B ▲ $4.418B ▼ $3.324B ▲ $-6.599B ▼ $895.687M ▼ $1.338B ▼
Q4-2024 $-6.737B ▼ $6.203B ▲ $-5.785B ▼ $2.416B ▲ $3.201B ▲ $2.346B ▲
Q3-2024 $3.237B $5.279B $-5.14B $-1.569B $-1.428B $1.171B

Five-Year Company Overview

Income Statement

Income Statement Suzano’s sales have grown strongly over the last five years, though with clear ups and downs that reflect the pulp cycle. Operating performance looks solid: the company typically converts a good share of its revenue into operating profit, which signals an efficient, low‑cost industrial base. However, bottom‑line profit is very volatile. Suzano has swung from sizable losses to very strong profits and back to a loss again in the most recent year. That pattern is common in export‑oriented, commodity businesses, where currency movements, pulp prices, and financial expenses can overwhelm otherwise healthy operations. In short: strong underlying business economics, but earnings that move sharply with the cycle and financial conditions.

Balance Sheet

Balance Sheet The balance sheet shows a large, capital‑intensive company that has been investing heavily. Total assets have steadily increased, reflecting new mills, forests, and industrial upgrades. Debt levels are also high and have climbed in recent years, while equity rose over time but dropped with the latest loss. This means Suzano is meaningfully leveraged: its growth has been funded in part by borrowing. The asset base is substantial and anchored in long‑lived forestry and industrial assets, but the company is exposed to interest rates, currency shifts, and the need to keep pulp markets healthy to comfortably service its obligations.

Cash Flow

Cash Flow Suzano consistently generates strong cash flow from its operations, which is a key strength. The core business brings in solid cash even when accounting profit is volatile. However, the company has been spending heavily on new projects and capacity, so capital expenditures are large. As a result, free cash flow has been positive most years but not always, and it has sometimes been quite thin after investments. The picture is of a company using most of its operating cash to fund expansion, rather than building large cash cushions or rapidly reducing debt. Future comfort will depend on whether these big projects deliver the expected returns once fully ramped up.

Competitive Edge

Competitive Edge Suzano has a very strong competitive position in global pulp, anchored in Brazil’s favorable climate, fast‑growing eucalyptus, and its own integrated forestry base. Being the largest hardwood pulp producer gives it scale advantages in production, logistics, and procurement. Its control of large forest areas provides secure, low‑cost raw material and supports a sustainability narrative that many customers value. These strengths make Suzano one of the lowest‑cost producers in its industry, which is a major edge in a cyclical, price‑driven market. The flip side is continued exposure to global demand for paper, packaging, and tissue, to environmental and regulatory expectations, and to competition from other low‑cost regions, but Suzano starts from a position of clear strength.

Innovation and R&D

Innovation and R&D Innovation is a real differentiator for Suzano. The company has invested deeply in forestry biotechnology, developing high‑yield eucalyptus and using digital tools to manage plantations more precisely. Its newest mills emphasize energy self‑sufficiency and circular use of by‑products, reinforcing both cost and sustainability advantages. On the product side, Suzano is pushing beyond traditional pulp into specialty materials: eucalyptus‑based fluff for hygiene products, lignin for chemicals and resins, and paper solutions that aim to replace single‑use plastics. Its venture arm and partnerships in biomaterials, sustainable textiles, and advanced packaging suggest a long‑term strategy to move up the value chain. Many of these initiatives are still emerging, so their ultimate financial impact is uncertain, but they point to an active and forward‑looking R&D culture.

Summary

Overall, Suzano combines a strong industrial core with significant financial and market cyclicality. The company enjoys clear structural advantages: low‑cost Brazilian forestry, very large scale, vertical integration, and a visible commitment to sustainability and innovation. Operationally, it tends to perform well, generating solid cash from its core business. At the same time, earnings are highly sensitive to pulp prices, exchange rates, and financing costs, and the balance sheet carries substantial debt after years of aggressive investment. The key tension is between a powerful competitive moat and the risks inherent in a leveraged, commodity‑linked business. How successfully Suzano converts its recent large investments and bio‑innovation initiatives into more stable, higher‑value cash flows will be central to its long‑term financial profile.

NEWS

November 20, 2025 · 12:25 PM UTC

Suzano Forms Partnership with Tencent and Ecofuturo Institute at COP30 for AI-Powered Conservation and Nature Education

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November 6, 2025 · 5:58 PM UTC

Suzano Reports Increased Operational Efficiency With Lower Cash Cost in the Third Quarter of 2025

Read more