Suzano S.A. (SUZ)
Suzano S.A. reported revenue of R$50.1B in fiscal 2025, up 5.7% from a year earlier. Net income was R$13.4B, a net margin of 26.8%. Operating cash flow minus capital spending left R$13.6B of free cash flow in fiscal 2025. At December 31, 2025 it held R$15.2B in cash against R$94.8B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 24, 2026.
Key facts about Suzano S.A.
- Net worth
- Suzano S.A. has a market value (market cap) of $12.4B at the latest share price, and shareholders' equity of R$43.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was R$50.1B (+5.7% year on year), with net income of R$13.4B.
- Cash flow
- In fiscal 2025 operations brought in R$18.2B of cash; after R$4.6B of capital spending, free cash flow was R$13.6B.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 24, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Suzano S.A. does
Suzano S.A. is registered with the SEC under industry code SIC 2621 (Paper Mills). Its shares trade on NYSE under the ticker SUZ.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | R$50.1B | R$13.4B | R$10.82 | R$13.6B |
| 2024 | R$47.4B | -R$7.1B | -R$5.59 | R$11.4B |
| 2023 | R$39.8B | R$14.1B | R$10.85 | R$5.6B |
| 2022 | R$49.8B | R$23.4B | R$17.57 | R$11.8B |
| 2021 | R$41B | R$8.6B | R$6.39 | R$15.5B |
| 2020 | R$30.5B | -R$10.7B | -R$7.95 | R$11.6B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SUZ ranks in Basic materials
Dividends
It paid out R$5.6M in cash dividends, 0% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | R$5.6M | 0% |
| 2023 | n/a | R$192.5M | 1% |
| 2022 | n/a | R$4.2B | 18% |
| 2021 | n/a | R$9.7M | 0% |
| 2019 | n/a | R$606.6M | n/a |
| 2018 | n/a | R$210.2M | 66% |
Latest SEC filings
What Suzano S.A. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 5, 2026
- November 5, 2026
- November 5, 2026
- October 22, 2026
- October 16, 2026
- August 31, 2026
- August 24, 2026Activist stake (5% or more) SCHEDULE 13D
- August 24, 2026
- August 20, 2026
Insider trades
What the people running Suzano S.A. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 5 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 19, 2026 | Feffer DanielDirector | Other changeindirect | 8,772,223 | - |
| August 19, 2026 | Feffer DanielDirector | Other change | 408,863 | - |
| August 19, 2026 | Moll Gabriela FefferBoard of Directors Member | Other change | 253,570 | - |
| August 19, 2026 | Feffer DavidDirector | Other changeindirect | 8,772,223 | - |
| August 19, 2026 | Feffer DavidDirector | Other change | 554,210 | - |
| April 30, 2026 | Abreu Joao Alberto Fernandez deCEO | Received as pay | 97,824 | - |
| April 30, 2026 | Abreu Joao Alberto Fernandez deCEO | Received as pay | 192,567 | - |
| April 17, 2026 | Abreu Joao Alberto Fernandez deCEO | Exercised options | 169 | - |
Who owns SUZ
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| David Feffer13D, may seek influence with 15 related filers | 45.7% | August 24, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 135 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Atlas FRM LLC | 24,320,000 | +5,200,000 |
| State Street Corp | 6,780,535 | +466,453 |
| Deutsche Bank AG\ | 5,510,920 | -7,124,492 |
| UBS Group AG | 5,282,931 | +428,861 |
| Wellington Management Group Llp | 4,211,039 | +4,197,157 |
| Dynamo Internacional Gestao DE Recursos Ltda. | 2,561,542 | -27,692 |
| American Century Companies Inc | 2,528,457 | +213,415 |
| Morgan Stanley | 1,802,024 | -907,629 |
| Compass Rose Asset Management, LP | 1,715,000 | +865,000 |
| Kapitalo Investimentos Ltda | 1,709,143 | +614,410 |
| Northern Trust Corp | 1,276,806 | +459,961 |
| Goldman Sachs Group Inc | 1,189,787 | -1,055,791 |
| Jpmorgan Chase & Co | 1,139,517 | +456,286 |
| Jane Street Group, LLC | 1,055,439 | +628,724 |
| Ramirez Asset Management, Inc. | 939,488 | +15,170 |
| Dimensional Fund Advisors LP | 844,195 | +314,420 |
| BlackRock, Inc. | 836,025 | +110,624 |
| Two Sigma Investments, LP | 726,360 | +663,860 |
| Renaissance Technologies LLC | 678,300 | -36,000 |
| Principal Financial Group Inc | 610,941 | +7,383 |
Insiders
4 insiders reported holding 821,358,522 shares in total, about $8.03B at the last price.
| Holder | Shares |
|---|---|
| Feffer DavidDirector | 412,917,186358,840,106 held indirectly |
| Feffer DanielDirector | 407,326,274358,840,106 held indirectly |
| Abreu Joao Alberto Fernandez deCEO | 859,492 |
| Moll Gabriela FefferBoard of Directors Member | 255,570 |
Questions about SUZ
What does Suzano S.A. do?
Suzano S.A. is a company in the Basic materials sector, listed on NYSE as SUZ. Its shares trade on NYSE under the ticker SUZ.
What is Suzano S.A.'s net worth?
Suzano S.A. has a market value (market cap) of $12.4B at the latest share price, and shareholders' equity of R$43.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Suzano S.A. profitable?
Yes. In fiscal 2025 it reported net income of R$13.4B on revenue of R$50.1B, a net margin of 26.8%.
How much revenue does Suzano S.A. make?
In fiscal 2025 Suzano S.A. reported revenue of R$50.1B. That is 5.7% more than a year earlier.
When did Suzano S.A. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 24, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 6, 2026.
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Where the numbers come from
Financial figures are the values Suzano S.A. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.