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Cosan (CSAN) Financials

Cosan logo
$4.30 +0.22 (+5.26%)
Closing price 03:59 PM Eastern
Extended Trading
$4.30 0.00 (0.00%)
As of 04:10 PM Eastern
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Annual Income Statements for Cosan

Annual Income Statements for Cosan

This table shows Cosan's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 585 331 809 -1,524 -1,775
Consolidated Net Income / (Loss)		 1,201 534 1,007 -1,320 -1,861
Net Income / (Loss) Continuing Operations		 585 331 809 -1,364 -1,861
Total Pre-Tax Income 		506 331 809 -848 -1,459
Total Operating Income		 959 331 809 1,243 1,911
Total Gross Profit		 1,046 1,658 2,250 2,218 2,406
Total Revenue		 4,906 331 809 7,107 7,380
Operating Revenue		 4,906 331 809 7,107 7,380
Total Cost of Revenue		 3,635 0.00 0.00 4,889 4,974
Operating Cost of Revenue		 3,635 - - 4,889 4,974
Total Operating Expenses		 313 0.00 0.00 510 273
Impairment Charge		 - - - 510 273
Total Other Income / (Expense), net		 -453 0.00 0.00 -2,081 -3,859
Interest Expense		 - - - 1,235 1,634
Interest & Investment Income		 - - - 707 694
Other Income / (Expense), net		 -453 - - -1,553 -2,920
Income Tax Expense		 -80 - - 516 402
Net Income / (Loss) Discontinued Operations		 - - - 44 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - -204 86
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - - -41 -15
Weighted Average Basic Shares Outstanding		 - - 1.87B 1.87B 3.97B
Weighted Average Diluted Shares Outstanding		 - - 1.87B 1.87B 3.97B
Weighted Average Basic & Diluted Shares Outstanding		 - - 1.87B 1.87B 3.97B

Quarterly Income Statements for Cosan

No quarterly income statements for Cosan are available.

Annual Cash Flow Statements for Cosan

This table details how cash moves in and out of Cosan's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 784 2,421 1,735 1,668 1,652
Net Cash From Operating Activities		 314 420 627 452 520
Net Cash From Continuing Operating Activities		 314 420 627 452 520
Net Income / (Loss) Continuing Operations		 0.00 0.00 0.00 0.00 0.00
Depreciation Expense		 449 570 694 626 710
Non-Cash Adjustments To Reconcile Net Income		 -164 -255 27 -70 -22
Changes in Operating Assets and Liabilities, net		 28 105 -94 -104 -168
Net Cash From Investing Activities		 0.00 373 133 441 1,633
Net Cash From Continuing Investing Activities		 0.00 373 133 441 1,633
Sale and/or Maturity of Investments		 0.00 373 133 441 1,633
Net Cash From Financing Activities		 471 1,629 975 775 -502
Net Cash From Continuing Financing Activities		 471 1,629 975 775 -502
Repayment of Debt		 -1,780 -2,890 -1,660 -1,971 -2,610
Issuance of Debt		 2,251 4,519 2,635 2,746 2,108

Quarterly Cash Flow Statements for Cosan

No quarterly cash flow statements for Cosan are available.

Annual Balance Sheets for Cosan

This table presents Cosan's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 25,442 28,826 22,844 24,670
Total Current Assets		 4,004 4,886 4,976 6,533
Cash & Equivalents		 2,516 3,021 2,733 4,974
Restricted Cash		 26 42 28 42
Accounts Receivable		 743 710 736 670
Inventories, net		 354 369 335 360
Current Deferred & Refundable Income Taxes		 251 154 143 187
Other Current Assets		 106 149 102 181
Other Current Nonoperating Assets		 7.64 441 158 119
Plant, Property, & Equipment, net		 5,244 6,229 5,164 8,448
Plant, Property & Equipment, gross		 5,244 6,229 5,164 8,448
Total Noncurrent Assets		 15,186 16,270 12,166 9,918
Long-Term Investments		 6,855 6,772 3,980 872
Noncurrent Note & Lease Receivables		 324 356 216 378
Goodwill		 4,185 4,668 4,258 4,876
Noncurrent Deferred & Refundable Income Taxes		 1,035 1,428 898 925
Other Noncurrent Operating Assets		 2,787 3,045 2,815 2,867
Total Liabilities & Shareholders' Equity		 25,442 28,826 22,844 24,670
Total Liabilities		 16,329 18,319 16,473 19,008
Total Current Liabilities		 2,589 2,235 1,775 1,686
Accounts Payable		 902 929 906 807
Dividends Payable		 169 113 16 41
Current Deferred Revenue		 118 3.94 2.68 2.62
Other Taxes Payable		 173 172 144 128
Other Current Liabilities		 1,227 1,016 706 707
Total Noncurrent Liabilities		 12,731 14,643 16,211 15,775
Long-Term Debt		 10,658 12,463 11,427 12,455
Noncurrent Deferred & Payable Income Tax Liabilities		 1,073 1,169 1,033 1,161
Noncurrent Employee Benefit Liabilities		 234 298 217 243
Other Noncurrent Operating Liabilities		 766 664 3,521 1,901
Other Noncurrent Nonoperating Liabilities		 0.00 49 14 16
Total Equity & Noncontrolling Interests		 9,113 10,507 8,239 7,437
Total Preferred & Common Equity		 3,907 4,319 3,632 2,744
Total Common Equity		 3,907 4,319 3,632 2,744
Common Stock		 2,028 2,317 1,785 2,643
Treasury Stock		 -20 -19 -8.20 -14
Accumulated Other Comprehensive Income / (Loss)		 107 65 92 114
Noncontrolling Interest		 5,205 6,188 4,608 4,693

Quarterly Balance Sheets for Cosan

No quarterly balance sheets for Cosan are available.

Annual Metrics And Ratios for Cosan

This table displays calculated financial ratios and metrics derived from Cosan's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - 3,966,570,932.00
DEI Adjusted Shares Outstanding		 - - - - 3,966,570,932.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - -0.45
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 40.45% -10.02% 778.73% 3.83%
EBITDA Growth		 0.00% 79.89% -3.45% -78.99% -194.61%
EBIT Growth		 0.00% 126.93% -15.91% -138.33% -225.50%
NOPAT Growth		 0.00% -55.53% -197.80% 7.60% 53.70%
Net Income Growth		 0.00% -55.57% 88.65% -231.10% -41.03%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 28.41% 81.25% -70.05% 15.19%
Free Cash Flow Firm Growth		 0.00% 0.00% 72.06% 284.91% -179.93%
Invested Capital Growth		 0.00% 0.00% 22.05% -15.00% 71.36%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 21.31% 24.07% 36.29% 31.20% 32.60%
EBITDA Margin		 19.46% 24.93% 26.75% 4.44% -4.05%
Operating Margin		 19.55% 7.17% -7.79% 17.49% 25.89%
EBIT Margin		 10.30% 16.65% 15.56% -4.36% -13.67%
Profit (Net Income) Margin		 24.48% 7.74% 16.24% -18.57% -25.22%
Tax Burden Percent		 237.59% 37.69% 44.55% 155.61% 127.57%
Interest Burden Percent		 100.00% 123.40% 234.22% 273.62% 144.61%
Effective Tax Rate		 -15.81% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 9.38% -4.13% 7.32% 12.12%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 14.97% 74.89% -56.10% -87.81%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 2.33% 14.39% -22.96% -35.86%
Return on Equity (ROE)		 0.00% 11.71% 10.26% -15.64% -23.75%
Cash Return on Invested Capital (CROIC)		 0.00% -190.62% -23.99% 23.54% -40.48%
Operating Return on Assets (OROA)		 0.00% 4.51% 3.56% -1.20% -4.25%
Return on Assets (ROA)		 0.00% 2.10% 3.71% -5.11% -7.83%
Return on Common Equity (ROCE)		 0.00% 5.02% 4.30% -5.64% -9.66%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.66% 23.31% -74.85% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,111 494 -483 870 1,338
NOPAT Margin		 22.64% 7.17% -7.79% 12.24% 18.12%
Net Nonoperating Expense Percent (NNEP)		 0.00% -5.59% -79.02% 63.42% 99.93%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 4.89% 6.72%
Cost of Revenue to Revenue		 74.08% 87.41% 94.90% 68.80% 67.40%
SG&A Expenses to Revenue		 7.77% 4.83% 8.40% 0.00% 0.00%
R&D to Revenue		 0.00% -2.58% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 6.37% 5.42% 12.89% 0.00% 3.70%
Earnings before Interest and Taxes (EBIT)		 506 1,147 965 -310 -1,009
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 955 1,718 1,658 316 -299
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 5.71
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 2.12
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 1.93
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 3.65
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 20.13
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 51.77
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 1.17 1.19 1.79 1.67
Long-Term Debt to Equity		 0.00 1.17 1.19 1.79 1.67
Financial Leverage		 0.00 0.16 0.19 0.41 0.41
Leverage Ratio		 0.00 2.79 2.77 3.06 3.03
Compound Leverage Factor		 0.00 3.45 6.48 8.38 4.38
Debt to Total Capital		 0.00% 53.91% 54.26% 64.20% 62.61%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 53.91% 54.26% 64.20% 62.61%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 26.33% 26.94% 25.89% 23.59%
Common Equity to Total Capital		 0.00% 19.76% 18.80% 9.91% 13.79%
Debt to EBITDA		 0.00 6.21 7.52 36.21 -41.71
Net Debt to EBITDA		 0.00 0.73 1.58 14.85 -21.99
Long-Term Debt to EBITDA		 0.00 6.21 7.52 36.21 -41.71
Debt to NOPAT		 0.00 21.58 -25.80 13.13 9.31
Net Debt to NOPAT		 0.00 2.55 -5.44 5.38 4.91
Long-Term Debt to NOPAT		 0.00 21.58 -25.80 13.13 9.31
Altman Z-Score		 0.00 0.00 0.00 0.00 0.89
Noncontrolling Interest Sharing Ratio		 0.00% 57.12% 58.07% 63.96% 59.33%
Liquidity Ratios		 - - - - -
Current Ratio		 0.00 1.55 2.19 2.34 3.87
Quick Ratio		 0.00 1.26 1.67 1.90 3.35
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -10,040 -2,806 2,799 -4,468
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -108.70 2.27 -2.73
Operating Cash Flow to Interest Expense		 0.00 0.00 28.27 0.18 0.32
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 28.27 0.18 0.32
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.27 0.23 0.28 0.31
Accounts Receivable Turnover		 0.00 9.27 8.53 10.48 10.50
Inventory Turnover		 0.00 17.03 16.28 13.88 14.32
Fixed Asset Turnover		 0.00 1.31 1.08 1.26 1.08
Accounts Payable Turnover		 0.00 6.68 6.43 5.33 5.81
Days Sales Outstanding (DSO)		 0.00 39.36 42.77 34.82 34.76
Days Inventory Outstanding (DIO)		 0.00 21.43 22.43 26.30 25.49
Days Payable Outstanding (DPO)		 0.00 54.66 56.79 68.51 62.86
Cash Conversion Cycle (CCC)		 0.00 6.13 8.40 -7.39 -2.61
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 10,534 12,856 10,928 13,942
Invested Capital Turnover		 0.00 1.31 0.53 0.60 0.67
Increase / (Decrease) in Invested Capital		 0.00 10,534 2,322 -1,929 5,806
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 26,929
Market Capitalization		 0.00 0.00 0.00 0.00 15,668
Book Value per Share		 $0.00 $0.00 $2.30 $0.94 $1.47
Tangible Book Value per Share		 $0.00 $0.00 ($0.19) ($1.33) ($1.14)
Total Capital		 0.00 19,771 22,970 17,798 19,892
Total Debt		 0.00 10,658 12,463 11,427 12,455
Total Long-Term Debt		 0.00 10,658 12,463 11,427 12,455
Net Debt		 0.00 1,260 2,628 4,686 6,567
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -1,128 -412 -390 -169
Debt-free Net Working Capital (DFNWC)		 0.00 1,415 2,651 2,371 4,846
Net Working Capital (NWC)		 0.00 1,415 2,651 2,371 4,846
Net Nonoperating Expense (NNE)		 -91 -40 -1,490 2,190 3,199
Net Nonoperating Obligations (NNO)		 0.00 1,421 2,349 4,557 6,505
Total Depreciation and Amortization (D&A)		 449 570 694 626 710
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -16.37% -6.65% -5.49% -2.30%
Debt-free Net Working Capital to Revenue		 0.00% 20.53% 42.75% 33.36% 65.67%
Net Working Capital to Revenue		 0.00% 20.53% 42.75% 33.36% 65.67%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 1.87B 1.87B 3.97B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 1.87B 1.87B 3.97B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 1.87B 1.87B 3.97B
Normalized Net Operating Profit after Tax (NOPAT)		 671 346 -338 870 1,528
Normalized NOPAT Margin		 13.68% 5.02% -5.45% 12.24% 20.71%
Pre Tax Income Margin		 10.30% 20.55% 36.45% -11.93% -19.77%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.00 0.00 37.38 -0.25 -0.62
NOPAT to Interest Expense		 0.00 0.00 -18.72 0.70 0.82
EBIT Less CapEx to Interest Expense		 0.00 0.00 37.38 -0.25 -0.62
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -18.72 0.70 0.82
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Cosan

No quarterly metrics and ratios for Cosan are available.


Financials Breakdown Chart

Frequently Asked Questions About Cosan's Financials

When does Cosan's financial year end?

According to the most recent income statement we have on file, Cosan's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Cosan's net income changed over the last 4 years?

Cosan's net income appears to be on an upward trend, with a most recent value of -$1.86 billion in 2025, falling from $1.20 billion in 2021. The previous period was -$1.32 billion in 2024. Check out Cosan's forecast to explore projected trends and price targets.

What is Cosan's operating income?
Cosan's total operating income in 2025 was $1.91 billion, based on the following breakdown:
  • Total Gross Profit: $2.41 billion
  • Total Operating Expenses: $272.73 million
How has Cosan's revenue changed over the last 4 years?

Over the last 4 years, Cosan's total revenue changed from $4.91 billion in 2021 to $7.38 billion in 2025, a change of 50.4%.

How much debt does Cosan have?

Cosan's total liabilities were at $19.01 billion at the end of 2025, a 15.4% increase from 2024, and a 16.4% increase since 2022.

How much cash does Cosan have?

In the past 3 years, Cosan's cash and equivalents has ranged from $2.52 billion in 2022 to $4.97 billion in 2025, and is currently $4.97 billion as of their latest financial filing in 2025.

How has Cosan's book value per share changed over the last 4 years?

Over the last 4 years, Cosan's book value per share changed from 0.00 in 2021 to 1.47 in 2025, a change of 147.0%.


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Financial statements for NYSE:CSAN last updated on 4/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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