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Consumer Cyclical

TRISUL S/A

TRIS3 — TRISUL S/A

CNPJ 08.811.643/0001-27 · listed classes: TRIS3 · CVM code 21130

Incorporadora e ConstrutoraAs filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Emp. Adm. Part. - Const. Civil, Mat. Const. e Decoração

Novo Mercadolisting segment
2007founded
São Paulo · SPheadquarters
Privadocontrol
Itaú Corretora de Valores (Itaucor)share registrar
BDO Rcs Auditores Independentes - Sociedade Simples Limitadaauditor
ri.trisul-sa.com.brinvestor site
R$ 1.5 mavg. daily traded value (63 sessions)

Verdict

Net margin 15.5%; ROIC 9.1%; debt 2.2x EBITDA; P/E 8.1 against 8.8 for the sector; 2025 data, no relevant restatement.

Confidence flag: Clean data

Data for fiscal year 2025, received by the CVM on 2026-03-05; 5 of the 5 core figures published; last restatement recorded in 2012.

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 TRIS3: 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 TRIS3.

Quote

R$ 4.93close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +4.4% · 12m -8.7% · YTD -21.2% · 52-week R$ 3.86–7.56

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, daily, 1 month · return +3.8% · not split-adjustedR$ 4.93 2026-09-25
high 2026-09-22: R$ 5.05low 2026-08-28: R$ 4.702026-09-25: R$ 4.93
2026low R$ 4.70 · high R$ 5.052026

Return by window

1 month3 months1 year2 years5 years10 years
Price+4.4%+17.1%-8.7% 1×+32.4% 1×-22.6% 1×+393.0% 2×
With dividends reinvested+4.4%+17.1%+2.1%+54.7%-0.5%+619.2%
Real, net of inflation (IPCA to 08/2026)+4.5%+17.4%-1.6%+41.7%-22.7%+346.6%
R$ 1,000 would be worthR$ 1,044R$ 1,171R$ 1,021R$ 1,547R$ 995R$ 7,192

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
2025-12-12bonus issue1.30× shareschecked against the price move
2018-04-27stock split2.00× shareschecked against the price move

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$ 1.2 bnmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 1.7 bnenterprise value
+ net debt 2025market value + net debt
R$ 0.87EPS 2025
profit per sharenet income for the year ÷ shares
R$ 6.21BVPS 2025
book value per shareshareholders' equity ÷ shares
6.1P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
0.76P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
12.4%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
12.4%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
25.7P/FCO 2025
FCO R$ 45 mmarket value ÷ operating cash flow
278.9P/FCF 2025
FCF R$ 4 mmarket value ÷ (operating cash flow + capex)
233.5 mshares 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)

8.1P/E 2025
price of 2026-03-05 · sector 8.8 · 37 cos. · 17th of 38price ÷ earnings per share for the year
1.1P/B 2025
price of 2026-03-05 · sector 1.2 · 34 cos. · 18th of 35price ÷ book value per share
9.2EV/EBITDA 2025
price of 2026-03-05 · sector 5.4 · 35 cos. · 31th of 36enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
0.2%FCF yield 2025
price of 2026-03-05 · sector 7.5% · 35 cos. · 29th of 36(operating cash flow + capex) ÷ market value
14.0%ROE 2025
sector 5.4% · 95 cos. · 26th of 96net income to controlling ÷ average equity
9.1%ROIC 2025
sector 15.4% · 47 cos. · 34th of 48EBIT × (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 2026-03-05 (R$ 7.11), the first one after the 2025 filing became public on 2026-03-05 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.84×
EV/Receita todayenterprise value ÷ net revenue1.21×
P/EBITDA todaymarket value ÷ EBITDA4.87×
P/EBIT todaymarket value ÷ EBIT5.53×
EV/EBIT todayenterprise value ÷ EBIT8.02×
Earning yield todaynet income ÷ market value (the inverse of P/E)17.7%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity0.35×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.72×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year2.19×
PL/Ativosequity ÷ total assets0.43×
Passivos/Ativos(total assets − equity) ÷ total assets0.57×
Liquidez correntecurrent assets ÷ current liabilities2.97×

Efficiency

Margem brutagross profit ÷ net revenue29.3%
Margem EBITDAEBITDA ÷ net revenue17.2%
Margem EBITEBIT ÷ net revenue15.1%
Margem líquidanet income ÷ net revenue15.5%

Profitability

ROEnet income to controlling ÷ average equity14.0%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included9.1%
ROAnet income ÷ total assets6.6%
Giro do ativonet revenue ÷ total assets0.40×

Growth

Receita, 1 anorevenue this year ÷ previous year − 12.4%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years9.4%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)3.7%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)2.0%

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 7 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.

ROE14.0% 2025
2010: 7.8% — pl_final_sem_media2011: -8.4%2012: 5.7%2013: 6.2%2014: 4.0%2015: 3.7%2016: 0.5%2017: 6.8%2018: 13.3%2019: 17.4%2020: 15.4%2021: 10.1%2022: 5.5%2023: 9.5%2024: 12.2%2025: 14.0%
20102025
ROIC9.1% 2025
2010: 4.1% — capital_final_sem_media2011: 1.1% — aliq_fallback_342012: 2.8%2013: 5.8%2014: 4.0%2015: 3.4%2016: 0.9% — aliq_travada_452017: 6.1%2018: 10.9%2019: 18.1%2020: 16.6%2021: 10.0%2022: 5.1%2023: 6.7%2024: 8.6%2025: 9.1%
20102025
Net margin15.5% 2025
2010: 5.1%2011: -4.9%2012: 4.4%2013: 11.4%2014: 10.4%2015: 6.5%2016: 0.9%2017: 8.0%2018: 14.1%2019: 18.9%2020: 20.9%2021: 17.0%2022: 9.2%2023: 12.4%2024: 13.0%2025: 15.5%
20102025
Point-in-time P/E8.1x! 2025
2020: 10.2x — acoes_escala_milhares2021: 6.4x — acoes_escala_milhares2022: 8.2x — acoes_escala_milhares2023: 7.6x — acoes_escala_milhares2024: 6.4x — acoes_escala_milhares2025: 8.1x — acoes_escala_milhares
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶7.8%!-8.4%5.7%6.2%4.0%3.7%0.5%6.8%13.3%17.4%15.4%10.1%5.5%9.5%12.2%14.0%5.4%
ROIC ⟶4.1%!1.1%!2.8%5.8%4.0%3.4%0.9%!6.1%10.9%18.1%16.6%10.0%5.1%6.7%8.6%9.1%15.4%
ROA ⟶2.2%!-2.2%1.8%4.4%3.3%2.4%0.3%3.9%7.6%10.5%9.2%5.8%2.8%4.9%6.0%6.6%3.5%
Gross margin ⟶25.6%15.7%23.9%27.0%34.3%29.1%28.6%28.6%32.7%35.7%35.3%36.7%29.6%23.4%27.8%29.3%37.7%
EBIT margin ⟶11.3%2.8%9.0%14.4%12.4%9.9%4.3%12.0%16.9%21.3%22.7%20.5%15.0%15.5%14.9%15.1%9.6%
Net margin ⟶5.1%-4.9%4.4%11.4%10.4%6.5%0.9%8.0%14.1%18.9%20.9%17.0%9.2%12.4%13.0%15.5%6.9%
Revenue growth (1y) ⟶—-0.5%-19.8%-22.7%-28.9%2.6%-20.3%46.0%23.4%46.5%10.1%-11.9%-1.8%37.7%28.7%2.4%6.5%
Revenue growth (5y CAGR) ⟶—————-13.5%-17.3%-8.1%0.9%16.6%18.3%20.7%11.5%13.9%11.0%9.4%14.5%
Net debt/EBITDA ⟶7.77x27.98x10.83x4.76x5.26x6.54x9.23x2.20x1.73x-1.01x0.29x1.44x4.32x3.60x1.56x2.19x1.24x
Current ratio ⟶2.39x1.79x1.88x2.14x2.43x2.58x2.54x2.87x2.59x3.15x3.68x3.51x4.00x2.69x4.74x2.97x1.66x

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)0.80.80.60.50.40.40.30.40.50.80.90.80.81.01.31.40.41.5
Cost of goods and services (R$ bn)-0.6-0.7-0.5-0.4-0.2-0.3-0.2-0.3-0.4-0.5-0.6-0.5-0.5-0.8-1.0-1.0-0.3-1.1
Gross profit (R$ m)20112215014012711087126178285310284225245375405106420
EBITDA (R$ m)9729618053421961103182215177137188225237——
Depreciation and amortization (R$ m)875575681011161823262528——
EBIT (operating result) (R$ m)89225675463813539217019915911416320020850198
Pre-tax profit (R$ m)69-1046714933945891682021499215820925355235
Income taxes (R$ m)-29-29-18-12-11-8-6-10-12-17-18-17-22-28-35-40-10-41
Net income (R$ m)40-3928593925335771511841327013017521345193
Net income (controlling) (R$ m)39-4027312019335721401701216812417220446189
Balance sheet
Total assets (R$ bn)1.81.71.51.21.11.00.90.91.11.82.22.32.62.83.03.43.23.2
Current assets (R$ bn)1.51.21.31.00.80.70.60.70.81.41.71.61.72.12.32.92.62.6
Current liabilities (R$ m)621683678451334284235233328454457447424766478983675675
Gross debt (short + long term) (R$ bn)1.11.00.80.50.40.30.20.20.30.30.50.60.91.00.81.10.90.9
Cash and investments (R$ m)34220714913613443249099488479388310362470542413413
Net debt (R$ m)757815665382276277173134178-18363255594679352519——
Shareholders' equity (R$ bn)0.50.50.50.60.60.50.50.50.61.11.21.31.31.41.51.51.51.5
Cash flow
Operating cash flow (R$ m)-470-522184041744714662-2244-187-83-272132145——
Capital expenditures (R$ m)-8-3-5-5-5-3-8-8-10-14-19-27-24-20-1-41——
Free cash flow (FCO + capex) (R$ m)-478-552133991694413955-3231-205-110-296-183204——

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!302.731.110.3%7.00.642024-05-09
2024T2!318.531.09.7%6.80.622024-08-13
2024T3!306.539.512.9%6.90.692024-11-07
2025T1!272.043.015.8%7.00.852025-05-14
2025T2!293.749.917.0%5.80.762025-08-14
2025T3!372.654.914.7%7.00.942025-11-13
2026T1!343.228.38.2%5.60.732026-05-14
2026T2!370.244.912.1%5.10.642026-08-13

Full series, every quarter: GET /empresas/TRIS3/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-09-21 · filings to the regulator through 2026-09-18).

The latest dividend by TRIS3 was a dividend of R$ 0.1427 per share (record date 2025-12-26, payment 2026-04-30). In the last 12 months: 3 payments adding up to R$ 0.8422 per share. Average yield of the last 5 full years: 6.0%.

typerecord dateex-datepaymentper share
dividend2025-12-262025-12-292026-04-30R$ 0.1427
dividend2025-12-262025-12-292026-04-30R$ 0.1427
dividend2025-11-182025-11-192025-11-28R$ 0.5567
dividend2025-04-252025-04-28—R$ 0.3006
dividend2024-04-292024-04-30—R$ 0.0181
dividend2024-04-242024-04-25—R$ 0.0808
dividend2023-04-262023-04-27—R$ 0.0686
dividend2022-04-262022-04-27—R$ 0.1098
dividend2022-04-262022-04-27—R$ 0.1098
dividend2021-04-232021-04-26—R$ 0.1210
dividend2020-04-232020-04-24—R$ 0.1072
dividend2019-04-262019-04-29—R$ 0.0684
dividend2018-04-272018-04-30—R$ 0.0838
dividend2018-04-272018-04-30—R$ 0.0838
dividend2017-04-272017-04-28—R$ 0.0650
dividend2016-04-272016-04-28—R$ 0.0650
dividend2015-04-272015-04-28—R$ 0.0647
dividend2014-04-142014-04-15—R$ 0.0625
dividend2013-04-222013-04-23—R$ 0.0485
dividend2011-04-292011-05-02—R$ 0.1137
dividend2010-04-162010-04-19—R$ 0.1417
dividend2008-12-102010-01-04—R$ 0.0645
dividend2008-04-142010-01-04—R$ 0.0662

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: JanFebMarApr6MayJunJulAugSepOctNov1Dec2

Per year

yearper sharepaymentsyield
2025R$ 1.1429418.3%
2024R$ 0.098822.2%
2023R$ 0.068611.2%
2022R$ 0.219626.4%
2021R$ 0.121012.0%
2020R$ 0.107210.9%
2019R$ 0.068410.4%
2018R$ 0.167724.1%
2017R$ 0.065011.6%
2016R$ 0.065012.2%

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

Shareholders and free float

38.56%free float
90,049,475 sharesshares outstanding held by the market, as filed in the FRE
31,034shareholders
30,612 individuals · 211 companies · 211 institutionalcount at the last shareholders meeting, from the FRE
Trisul Participações S.A. +12controlling shareholder
as declared in the FREshareholders the company marks as controlling
100% ONtag along (minimum)
Novo Mercadominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
Trisul Participações S.A. ctrl agreementPJ47.00%0.00%47.00%
TARPON GESTORA DE RECURSOS LTDA.PJ17.65%0.00%17.65%
FJ PARTICIPAÇÕES S.A. ctrl agreementPJ5.82%0.00%5.82%
MICHEL ESPER SAAD JUNIOR ctrl agreementPF3.01%0.00%3.01%
JORGE CURY NETO ctrl agreementPF2.47%0.00%2.47%
GIOVANNA DOMINGOS CURY ctrl agreementPF0.60%0.00%0.60%
JOSE GUILHERME DOMINGOS CURY ctrl agreementPF0.60%0.00%0.60%
LEONNARDO DOMINGOS CURY ctrl agreementPF0.60%0.00%0.60%
SILVIA HELENA DOMINGOS CURY ctrl agreementPF0.60%0.00%0.60%
FLÁVIA MATTAR SAYEG MICHALUÁ ctrl agreementPF0.31%0.00%0.31%
JOSÉ SAYEG NETO ctrl agreementPF0.31%0.00%0.31%
MIURA EMPREENDIMENTOS IMOBILIARIOS SPE LTDA ctrlPJ0.08%0.00%0.08%
Ômega Administração e Participações Ltda.PJ0.04%0.00%0.04%
JOSÉ ROBERTO CURY ctrl agreementPF0.01%0.00%0.01%
TRICURY ARMAZENS LTDA ctrlPJ0.01%0.00%0.01%
Others (market)———20.91%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-08-13, version 4. 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
2026-09-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-09-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-24Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisVersão em Inglêsopen
2026-08-18Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoApresentação de Resultados 2T26open
2026-08-13Dados Econômico-Financeiros · Press-releaseRelease de Resultados do 2T26open
2026-08-13Dados Econômico-Financeiros · Demonstrações Financeiras IntermediáriasVersão em Portuguêsopen
2026-08-13Reunião da Administração · Conselho de Administração1. a apreciação das informações financeiras trimestrais da Companhia referentes ao período de 1º de abril a 31 de junho de 2026, acompanhadas do relatório de revisão especial do auopen
2026-08-13Aviso aos Acionistas · Outros avisosNomeação de Conselheiro de Administraçãoopen
2026-08-13Regimento interno de ComitêsRegimento Interno do Comitê de Auditoriaopen
2026-08-13Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoApresentação de Resultados 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
2010DFC_MI 6.01-469.6-270.4
2012BPA 11,467.41,654.7
2012BPP 21,467.41,654.7
2012BPP 2.03488.3587.2
2012BPP 2.03.091.9100.8
2012DMPL 5.07488.3587.2
2012DMPL 5.03468.1563.2
2012BPA 1.011,275.41,368.5

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.

TRIS3 × MGLU3 · TRIS3 × RAIZ4 · TRIS3 × LREN3 · TRIS3 × RADL3 · TRIS3 × AMER3 · TRIS3 × VBBR3

compare with the sector: MULT3 × JHSF3 × EZTC3

Other companies in Consumer Cyclical

109 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/TRIS3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 3,989 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 09:31 UTC. If this does not match /saude, you are reading a cached copy.