PT

Dados B3 › Stocks › ITSA4

Financials

ITAUSA S.A.

ITSA4 — ITAUSA S.A.

CNPJ 61.532.644/0001-15 · listed classes: ITSA4, ITSA3 · CVM code 7617

Gestão de Participações Societárias (Holding)As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Emp. Adm. Part. - Intermediação Financeira

Nível 1 de Governança Corporativalisting segment
1966founded
São Paulo · SPheadquarters
Privadocontrol
Itaú Corretora de Valores S.A.share registrar
Pricewaterhousecoopers Auditores Independentes Ltda.auditor
itausa.com.brinvestor site
R$ 288.8 mavg. daily traded value (63 sessions)

Verdict

Net margin 200.6%; ROIC 18.4%; debt 0.3x EBITDA; P/E 9.1 against 7.1 for the sector; 2025 data, no relevant restatement.

Confidence flag: Clean data

Data for fiscal year 2025, received by the CVM on 2026-03-16; 5 of the 5 core figures published; last restatement recorded in 2023.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow ITSA4: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for ITSA4.

Quote

R$ 13.99close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +8.4% · 12m +23.9% · YTD +19.8% · 52-week R$ 10.95–15.07

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years · return +22.5% (+4.2% a year) · not split-adjustedR$ 13.99 2026-09-25
high 2026-02-20: R$ 15.07low 2023-03-24: R$ 7.852026-09-25: R$ 13.99
2021low R$ 7.85 · high R$ 15.072026

Return by window

1 month3 months1 year2 years5 years10 years
Price+8.4%+5.2%+23.9%+27.2%+27.5%+64.4%
With dividends reinvested+8.6%+5.4%+36.0%+54.5%+90.6%+238.2%
Real, net of inflation (IPCA to 08/2026)+8.7%+5.6%+31.0%+41.6%+48.1%+110.0%
R$ 1,000 would be worthR$ 1,086R$ 1,054R$ 1,360R$ 1,545R$ 1,906R$ 3,382

Closing prices from the base up to 2026-09-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2025-12-18bonus issue inferred1.02× sharesnot checked
2025-12-18bonus issue inferred1.02× sharesnot checked

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 156.8 bnmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 161.7 bnenterprise value
+ net debt 2025market value + net debt
R$ 1.47EPS 2025
profit per sharenet income for the year ÷ shares
R$ 7.92BVPS 2025
book value per shareshareholders' equity ÷ shares
8.6P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
1.67P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
19.8%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
214.3%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
944.5P/FCO 2025
FCO R$ 166 mmarket value ÷ operating cash flow
11.21 bnshares outstanding !latest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public. share count caveat

At the filing date (point-in-time)

9.1P/E 2025
price of 2026-03-16 · sector 7.1 · 5 cos. · 4th of 6price ÷ earnings per share for the year
1.7P/B 2025
price of 2026-03-16 · sector 1.1 · 5 cos. · 4th of 6price ÷ book value per share
8.0EV/EBITDA 2025
price of 2026-03-16 · sector 4.5 · 5 cos. · 5th of 6enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
-0.5%FCF yield 2025
price of 2026-03-16 · sector 4.7% · 5 cos. · 5th of 6(operating cash flow + capex) ÷ market value
18.4%ROE 2025
sector 18.5% · 7 cos. · 5th of 8net income to controlling ÷ average equity
18.4%ROIC 2025
sector 16.7% · 6 cos. · 4th of 7EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-03-16 (R$ 13.38), the first one after the 2025 filing became public on 2026-03-16 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year19.01×
EV/Receita todayenterprise value ÷ net revenue19.60×
P/EBITDA todaymarket value ÷ EBITDA8.09×
P/EBIT todaymarket value ÷ EBIT8.65×
EV/EBIT todayenterprise value ÷ EBIT8.92×
Earning yield todaynet income ÷ market value (the inverse of P/E)10.5%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity0.05×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.12×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year0.25×
PL/Ativosequity ÷ total assets0.84×
Passivos/Ativos(total assets − equity) ÷ total assets0.16×
Liquidez correntecurrent assets ÷ current liabilities3.18×

Efficiency

Margem brutagross profit ÷ net revenue24.4%
Margem EBITDAEBITDA ÷ net revenue234.9%
Margem EBITEBIT ÷ net revenue219.7%
Margem líquidanet income ÷ net revenue200.6%

Profitability

ROEnet income to controlling ÷ average equity18.4%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included18.4%
ROAnet income ÷ total assets14.7%
Giro do ativonet revenue ÷ total assets0.07×

Growth

Receita, 1 anorevenue this year ÷ previous year − 10.2%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years7.0%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)18.5%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)18.3%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 9 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE18.4% 2025
2010: 16.8% — pl_final_sem_media2011: 17.4%2012: 15.3%2013: 18.0%2014: 21.9%2015: 21.1%2016: 17.7%2017: 16.6%2018: 17.4%2019: 18.7%2020: 12.5%2021: 19.8%2022: 19.7%2023: 17.3%2024: 17.0%2025: 18.4%
20102025
ROIC18.4%! 2025
2014: 20.5%2015: 19.8% — aliq_travada_02016: 16.4% — aliq_travada_02017: 15.6% — aliq_travada_02018: 16.8%2019: 18.4%2020: 12.5%2021: 19.4% — aliq_travada_02022: 19.5%2023: 16.4% — aliq_travada_02024: 17.2%2025: 18.4% — aliq_travada_0
20102025
Net margin200.6% 2025
2010: 95.7%2011: 105.4%2012: 89.2%2013: 113.7%2014: 162.5%2015: 184.1%2016: 175.3%2017: 171.5%2018: 180.7%2019: 211.0%2020: 124.9%2021: 162.7%2022: 166.8%2023: 189.3%2024: 180.8%2025: 200.6%
20102025
Point-in-time P/E9.1x! 2025
2011: 10.9x — acoes_do_fre_sem_tesouraria;acoes_defasadas2012: 11.1x — acoes_do_fre_sem_tesouraria;acoes_defasadas2013: 7.9x — acoes_do_fre_sem_tesouraria;acoes_defasadas2014: 7.6x — acoes_do_fre_sem_tesouraria;acoes_defasadas2015: 5.0x — acoes_do_fre_sem_tesouraria;acoes_defasadas2016: 8.7x — acoes_do_fre_sem_tesouraria;acoes_defasadas2017: 12.0x — acoes_do_fre_sem_tesouraria;acoes_defasadas2018: 10.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas2019: 10.6x — acoes_do_fre_sem_tesouraria2020: 11.7x — acoes_escala_milhares2021: 7.6x — acoes_escala_milhares2022: 5.6x — acoes_escala_milhares2023: 8.2x — acoes_escala_milhares2024: 8.1x — acoes_escala_milhares2025: 9.1x — acoes_escala_milhares
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶16.8%!17.4%15.3%18.0%21.9%21.1%17.7%16.6%17.4%18.7%12.5%19.8%19.7%17.3%17.0%18.4%18.5%
ROIC ⟶————20.5%19.8%!16.4%!15.6%!16.8%18.4%12.5%19.4%!19.5%16.4%!17.2%18.4%!16.7%
ROA ⟶1.8%!1.8%1.5%3.0%18.0%17.4%14.4%13.7%14.7%15.8%10.5%16.8%15.5%13.8%13.5%14.7%1.5%
Gross margin ⟶30.8%35.6%28.6%29.5%25.0%23.6%22.3%26.1%25.4%25.8%31.5%35.2%33.9%32.2%29.8%24.4%87.1%
EBIT margin ⟶-271.3%!-239.6%!-227.0%!122.6%!165.8%!185.6%!175.6%!172.9%!184.7%!219.5%!131.4%!160.3%!183.5%!191.1%!199.0%!219.7%!32.9%
Net margin ⟶95.7%105.4%89.2%113.7%162.5%184.1%175.3%171.5%180.7%211.0%124.9%162.7%166.8%189.3%180.8%200.6%8.9%
Revenue growth (1y) ⟶—-2.8%11.0%8.3%-5.1%-2.7%-4.1%6.0%8.2%-6.8%17.4%38.9%3.9%-13.0%11.5%0.2%16.8%
Revenue growth (5y CAGR) ⟶—————-1.4%-1.7%0.3%0.3%-0.1%3.8%11.8%11.3%6.6%10.5%7.0%21.0%
Net debt/EBITDA ⟶———0.16x0.09x0.07x0.11x0.23x0.06x0.05x0.16x0.25x0.34x0.20x0.24x0.25x-0.02x
Current ratio ⟶1.22x1.28x1.20x1.81x1.72x1.92x1.71x1.76x2.66x2.48x2.15x1.68x1.59x2.64x2.17x3.18x1.43x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)5.25.15.75.35.04.94.75.05.45.05.98.28.57.48.28.22.28.5
Cost of goods and services (R$ bn)-3.6-3.3-4.0-3.7-3.8-3.7-3.6-3.7-4.0-3.7-4.0-5.3-5.6-5.0-5.8-6.2-1.7-6.3
Gross profit (R$ bn)1.61.81.61.61.31.21.01.31.41.31.92.92.92.42.52.00.52.2
EBITDA (R$ bn)-13.0-10.8-11.47.19.09.78.99.210.811.78.413.816.415.317.619.4——
Depreciation and amortization (R$ bn)1.21.41.50.60.70.60.60.60.80.70.60.70.91.21.21.3——
EBIT (operating result) (R$ bn)-14.2-12.2-12.86.58.39.18.28.69.911.07.713.115.614.116.418.15.019.2
Pre-tax profit (R$ bn)7.16.66.66.38.39.08.08.49.810.77.513.214.613.815.016.45.618.5
Income taxes (R$ bn)-2.0-1.3-1.6-0.1-0.10.00.20.2-0.1-0.2-0.20.1-0.40.2-0.10.2-0.3-0.2
Net income (R$ bn)5.05.45.06.08.29.08.28.59.710.67.313.314.214.014.916.65.318.2
Net income (controlling) (R$ bn)4.44.84.55.77.98.98.28.49.410.37.112.213.713.514.816.55.218.2
Balance sheet
Total assets (R$ bn)275.6312.0364.041.948.654.859.065.666.267.572.686.096.6105.3114.6111.2119.8119.8
Current assets (R$ bn)176.2191.2215.05.35.66.16.75.86.36.48.09.811.712.712.511.315.115.1
Current liabilities (R$ bn)144.6149.0179.82.93.33.23.93.32.42.63.75.87.44.85.83.67.57.5
Gross debt (short + long term) (R$ bn)0.00.00.02.83.03.13.74.84.14.25.78.912.010.811.110.810.610.6
Cash and investments (R$ bn)103.0106.2123.01.62.22.52.72.73.53.64.45.46.57.77.05.96.56.5
Net debt (R$ bn)-103.0-106.2-123.01.10.80.61.02.10.60.61.33.55.63.14.24.9——
Shareholders' equity (R$ bn)29.232.332.736.042.247.950.756.258.158.460.669.576.587.095.093.498.698.6
Cash flow
Operating cash flow (R$ bn)-9.9-1.719.60.50.81.00.50.7-0.70.81.31.4-0.10.30.60.2——
Capital expenditures (R$ bn)-1.3-2.6-2.0-0.5-0.7-0.6-0.4-0.4-0.5-0.5-0.5-0.9-1.2-1.3-1.4-0.9——
Free cash flow (FCO + capex) (R$ bn)-11.2-4.317.60.00.10.40.10.3-1.10.30.80.5-1.3-1.0-0.7-0.8——

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!1,936.03,455.0178.5%7.31.282024-06-06
2024T2!1,995.03,819.0191.4%7.51.292024-08-12
2024T3!2,240.03,877.0173.1%7.81.272024-11-11
2025T1!1,903.03,955.0207.8%7.81.392025-06-03
2025T2!2,121.04,093.0193.0%7.71.342025-08-11
2025T3!2,128.04,217.0198.2%8.21.412025-11-10
2026T1!2,019.04,462.0221.0%8.71.652026-05-11
2026T2!2,231.05,264.0235.9%7.81.512026-08-11

Full series, every quarter: GET /empresas/ITSA4/trimestres

Dividends

Next: 2026-10-01 payment · JCP R$ 0.0242 · 2026-11-30 ex-date · dividend or interest on equity (the filing does not say) R$ 0.0242 filing to the regulator on 2026-02-10 · 2027-01-04 payment · dividend or interest on equity (the filing does not say) R$ 0.0242 filing to the regulator on 2026-02-10

The latest dividend by ITSA4 was a JCP of R$ 0.0242 per share (record date 2026-08-31, payment 2026-10-01). In the last 12 months: 8 payments adding up to R$ 1.1438 per share. Average yield of the last 5 full years: 7.9%.

typerecord dateex-datepaymentper share
JCP2002-12-162010-01-04—R$ 0.0476
JCP2002-12-162010-01-04—R$ 0.0040
JCP2002-09-172010-01-04—R$ 0.0040
JCP2002-08-132010-01-04—R$ 0.0190
JCP2002-06-142010-01-04—R$ 0.0040
JCP2002-04-292010-01-04—R$ 0.0570
JCP2002-03-192010-01-04—R$ 0.0028

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: Jan1Feb8Mar4AprMay5Jun4Jul1Aug8Sep2Oct1Nov7Dec7

Per year

yearper sharepaymentsyield
2026R$ 0.326752.3%
2025R$ 1.73421114.8%
2024R$ 0.665797.5%
2023R$ 0.5847105.6%
2022R$ 0.6140107.2%
2021R$ 0.3942124.4%
2020R$ 0.645185.5%
2019R$ 1.190788.5%
2018R$ 0.9512107.9%
2017R$ 0.474984.4%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

65.73%free float
7,370,345,156 sharesshares outstanding held by the market, as filed in the FRE
965,450shareholders
961,131 individuals · 2,566 companies · 1,753 institutionalcount at the last shareholders meeting, from the FRE
ALFREDO EGYDIO ARRUDA VILLELA FILHO +30controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
Nível 1 de Governança Corporativaminimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
ALFREDO EGYDIO ARRUDA VILLELA FILHO ctrl agreementPF12.79%3.88%6.94%
ANA LÚCIA DE MATTOS BARRETTO VILLELA ctrl agreementPF12.79%3.62%6.77%
Fundação Antonio e Helena Zerrenner Instituição Nacional de Beneficência agreementPJ15.40%2.03%6.62%
FUNDAÇÃO ITAÚPJ11.38%0.73%4.39%
RODOLFO VILLELA MARINO ctrl agreementPF6.41%2.60%3.91%
RICARDO VILLELA MARINO ctrl agreementPF6.40%2.60%3.91%
BlackRock Inc.PJ0.00%5.00%3.28%
ALFREDO EGYDIO SETUBAL ctrl agreementPF3.58%0.75%1.72%
RICARDO EGYDIO SETUBAL ctrl agreementPF3.58%0.74%1.72%
JOSÉ LUIZ EGYDIO SETUBAL ctrl agreementPF2.88%0.72%1.46%
ROBERTO EGYDIO SETUBAL ctrl agreementPF1.90%0.38%0.90%
CAROLINA MARINHO LUTZ SETUBAL ctrl agreementPF1.36%0.24%0.63%
JULIA GUIDON SETUBAL ctrl agreementPF1.36%0.24%0.63%
PAULO EGYDIO SETUBAL ctrl agreementPF1.36%0.24%0.63%
OLAVO EGYDIO SETUBAL JÚNIOR ctrl agreementPF0.36%0.77%0.63%
Others (market)———52.10%
Treasury shares———0.06%

Direct holdings from the reference form (FRE) filed on 2026-07-03, version 2. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-09-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-08-21Comunicado ao Mercado · Outros Comunicados Não Considerados Fatos RelevantesApresentação Institucionalopen
2026-08-11Dados Econômico-Financeiros · Demonstrações Financeiras IntermediáriasDemonstrações Financeira Intermediárias (Versão Português)open
2026-08-11Dados Econômico-Financeiros · Press-releaseRelatório da Administração 2T26open
2026-08-11Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisDemonstrações Financeiras Intermediárias (Versão em Inglês)open
2026-08-11Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoResultados em Foco - 1º Semestre/2026open
2026-08-10Dados Econômico-Financeiros · Demonstrações Financeiras IntermediáriasDemonstrações Financeira Intermediárias (Versão Português)open
2026-08-10Dados Econômico-Financeiros · Demonstrações Financeiras IntermediáriasDemonstrações Contábeis Intermediárias (versão Inglês)open
2026-08-10Dados Econômico-Financeiros · Press-releaseRelatório da Administração 2T26open

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 5/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2012BPA 1364,017.039,050.0
2012BPP 2364,017.039,050.0
2012BPA 1.01214,978.05,300.0
2012BPP 2.01179,805.03,572.0
2012BPA 1.01.02117,859.0429.0
2012DFC_MI 6.0119,611.03.0
2012DRE 3.05-12,832.05,227.0
2011BPP 2.01149,014.0143,949.0

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

ITSA4 × ITUB4 · ITSA4 × BBDC4 · ITSA4 × BPAC11 · ITSA4 × SANB11 · ITSA4 × BBAS3 · ITSA4 × B3SA3

compare with the sector: ITSA4 × RPAD3 × ARND3

Other companies in Financials

33 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/ITSA4/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,151 sessions, 2010-01-04 → 2026-09-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 07:16 UTC. If this does not match /saude, you are reading a cached copy.