Largest companies in Brazil by operating income
Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Vale (VALE) tops the list with $5.9B in operating income for fiscal 2025, ahead of Ambev ($4.2B) and Suzano ($1.9B). The top 9 together report $15.4B in operating income; the gap between #1 and #9 is ×159.42. 9 companies in Brazil report operating income, 0.4% of the 2135-filer universe.
| # | Company | Operating income | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | ValeVALEBRMaterials | $5.9B | −45.3% | |
| 2 | AmbevABEVBRConsumer staples | $4.2B | +3.2% | |
| 3 | SuzanoSUZBRMaterials | $1.9B | −34.5% | |
| 4 | TimTIMBBRCommunication services | $1.1B | +11.1% | |
| 5 | AzulAZULBRIndustrials | $774M | +23.0% | |
| 6 | GerdauGGBBRMaterials | $670M | −51.8% | |
| 7 | EmbraerEMBJBRIndustrials | $608M | −9.0% | |
| 8 | AfyaAFYABRConsumer discretionary | $217M | +15.6% | |
| 9 | Brasilagro - Brazilian Agricultural Real EstateLNDBRConsumer staples | $37.0M | +7.2% |
All figures from SEC filings · FY2025 · 9
see sources
- Vale 0001292814-26-001844
- Ambev 0001292814-26-000640
- Suzano 0000909327-26-000045
- Tim 0001292814-26-001915
- Azul 0001628280-26-023423
- Gerdau 0001104659-26-027678
- Embraer 0001628280-26-021824
- Afya 0001292814-26-002013
- Brasilagro - Brazilian Agricultural Real Estate 0001213900-25-103992
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/largest-companies-in-brazil-by-operating-income">Largest companies in Brazil by operating income</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
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{{cite web |title=Largest companies in Brazil by operating income |url=https://companiesranked.com/en/largest-companies-in-brazil-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Largest companies in Brazil by operating income. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-brazil-by-operating-incomeBibTeX
@misc{companiesranked-en-largest-companies-in-brazil-by-operating-income-2026,
author = {{CompaniesRanked}},
title = {{Largest companies in Brazil by operating income}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/largest-companies-in-brazil-by-operating-income}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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