• Gerdau S.A average pre-tax profit margin for 2023 was 15.94%, a 29.56% decline from 2022.
• Gerdau S.A average pre-tax profit margin for 2022 was 22.63%, a 7.45% decline from 2021.
• Gerdau S.A average pre-tax profit margin for 2021 was 21.06%, a 343.37% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.