Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp key statistics and ratios

In fiscal 2025, Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp had return on equity of 22.1%, a net margin of 22.2%, debt equal to 94.7% of equity and a current ratio of 1.12. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	29.5%	36.1%	39.9%	43.5%	43.6%	37.2%	34.3%	34.9%	37.2%	54.1%	37.0%
Net margin	4.6%	20.9%	17.2%	17.6%	18.7%	5.5%	11.8%	14.2%	13.8%	26.5%	22.2%
Free-cash-flow margin	22.1%	21.1%	22.5%	23.6%	22.9%	27.7%	19.8%	17.7%	18.4%	20.2%	21.9%
Return on equity	4.7%	20.7%	15.8%	15.1%	16.4%	3.9%	9.7%	12.6%	12.5%	29.5%	22.1%
Return on assets	—	7.5%	6.8%	6.7%	7.5%	1.8%	4.4%	6.0%	6.0%	13.9%	9.4%
Asset turnover	—	0.36	0.39	0.38	0.40	0.33	0.38	0.42	0.44	0.52	0.42
Current ratio	—	0.89	0.96	1.04	0.76	1.09	1.28	1.09	0.93	0.89	1.12
Debt to equity	95.7%	77.6%	69.1%	67.3%	61.2%	75.7%	71.1%	69.4%	65.4%	68.4%	94.7%
Effective tax rate	−0.2%	−27.2%	−25.2%	−21.8%	−24.7%	−34.7%	−30.3%	−28.8%	−32.5%	−9.5%	−23.4%
Capital spending as % of revenue	0.5%	0.2%	0.1%	0.3%	0.4%	0.2%	0.3%	0.3%	0.6%	0.3%	0.0%
Free cash flow ÷ net income	482.3%	101.0%	130.3%	133.8%	122.3%	507.1%	167.5%	124.8%	133.6%	76.2%	98.8%
Dividends ÷ net income	37.7%	4.7%	30.4%	23.0%	22.0%	91.4%	11.0%	19.3%	23.4%	9.7%	27.9%
Dividends and buybacks ÷ free cash flow	7.8%	4.7%	23.3%	17.2%	18.0%	18.0%	6.6%	15.5%	17.5%	12.7%	28.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · December 31, 2025

What it owns · $19.0bn

Short-term assets $3.4bnLonger-term assets $15.6bn

What it owes, and who funded it · $19.0bn

Short-term liabilities $3.0bnLonger-term liabilities $8.3bnShareholders' equity $7.7bn

Short-term assets cover short-term liabilities $3.4bn of assets due within a year against $3.0bn of liabilities due within a year.
Short-term assets cover long-term liabilities $3.4bn short-term assets against $8.3bn of longer-dated liabilities.
More cash than debt $851m of cash against $7.3bn of debt.
Debt below 40% of shareholders' equity Debt is 95% of equity.
Debt burden no higher than five years ago Debt to equity moved from 62% to 95% over five years.
A year's operating cash flow covers at least 20% of debt $1.5bn of operating cash flow against $7.3bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Companhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp.