All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2024-04-30.
From the record
Cosan S.A.'s filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2024-04-30) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+17.3% a year over 7 filed years; profitable in 6 of 7.
From the record
Cosan S.A.'s 7 filed years say what it did: revenue went from BRL 17 billion in fiscal 2018 to BRL 44 billion in fiscal 2024, up 17.3% a year; it rose in 5 of 6 years; the deepest fall was 1% from fiscal 2019 to fiscal 2020; net income was positive in 6 of 7 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 5.6/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Cosan S.A.'s shareholder treatment is put at 5.6 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 17 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -21%: lost 21¢ per shareholder dollar. Leverage 72%: owes 72¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2024-12-31, Cosan S.A. lost about 21 cents for every dollar of shareholders' money, and gross profitability: its products earned about 10 cents per dollar of everything the company owns. Leverage: it owed about 72 cents per dollar of assets (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 43% of 21 in its family; net margin -18.6%.
From the record
Cosan S.A.'s standing among 21 graded names in its industry family: revenue of BRL 44 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of -18.6% ranks in the bottom 21%; revenue growth of 19% a year over the last 3 filed years ranks in the top 7% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 5.0/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Cosan S.A.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 18 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
top 47% of 20 in its family for room to expand.
From the record
Cosan S.A.'s room to grow, from the newest filed statements (fiscal 2024): cash of BRL 17 billion against debt of BRL 66 billion leaves -35.1% of its assets as net cash, bottom 23% of its family; a gross margin of 31.2% (top 16%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 17% of 21 in its family for growth drivers.
From the record
Cosan S.A.'s growth drivers, from the filed years to fiscal 2024: revenue grew 19% a year over the last three filed years against 17.3% over all 7, speeding up (top 12% of its family); the newest year grew 11.3% (top 21%) (its annual reports). Cosan S.A. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 10% of 21 in its family for expectations against reality.
From the record
Cosan S.A.'s newest year against its own record: revenue of BRL 44 billion in fiscal 2024 came in 9.5% below the BRL 49 billion its prior three years' pace pointed to (bottom 12% of its family); net income of BRL 8.2 billion against a prior three-year average of BRL 4.8 billion (bottom 12%); a net margin of -18.6% against 15.1% before (bottom 7%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made