Sao Martinho (BSP:SMTO3) Net Income: R$836 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:SMTO3 Sao Martinho SA BSP:SMTO3
74 GF Score
Price R$15.41
GF Value R$25.49
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Sao Martinho Net Income?

Sao Martinho BSP:SMTO3 -0.26% 74 Net Income is R$836 Mil as of Mar. 2026. GuruFocus rates BSP:SMTO3 with a GF Score™ of 74/100 and a GF Value™ of R$25.49 (Possible Value Trap). The stock has 8 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Sao Martinho's Net Income for the three months ended in Mar. 2026 was R$173 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$836 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Sao Martinho's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was R$0.53.


Sao Martinho  (BSP:SMTO3) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Sao Martinho's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Sao Martinho Net Income Related Terms


Sao Martinho Net Income Historical Data

* Premium members only.

The historical data trend for Sao Martinho's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sao Martinho Net Income Chart

Sao Martinho Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,480.87 1,015.74 1,476.28 556.73 836.18

Sao Martinho Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 105.04 62.83 176.42 424.08 172.85
BSP:SMTO3
74GF Score
Sao Martinho SA BSP:SMTO3
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sao Martinho Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Sao Martinho's Net Income for the fiscal year that ended in Mar. 2026 is calculated as

Net Income(A: Mar. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=540.571+295.606+0+0
=836

Sao Martinho's Net Income for the quarter that ended in Mar. 2026 is calculated as

Net Income(Q: Mar. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=211.529+-38.678+0+0
=173

Net Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$836 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of R$836 Mil mean?
Sao Martinho (BSP:SMTO3) has a Net Income of R$836 Mil as of Mar. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Sao Martinho and its competitors.
Is Sao Martinho's Net Income too high?
Sao Martinho's current Net Income is R$836 Mil. Overall, Sao Martinho has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sao Martinho's Net Income compare to LIN and SHW?
Sao Martinho's Net Income of R$836 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Chemicals company?
A good Net Income depends on the Chemicals industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Sao Martinho and its competitors. Sao Martinho's current Net Income is R$836 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Martinho stock overvalued right now?
Based on GuruFocus' analysis, Sao Martinho (BSP:SMTO3) is currently considered Possible Value Trap. The stock's GF Value™ is R$25.49, compared to a current price of R$15.41 — trading 39.5% below its estimated fair value. The current Net Income is R$836 Mil. Sao Martinho's overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Sao Martinho (BSP:SMTO3), the current Net Income is R$836 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sao Martinho (BSP:SMTO3) Overvalued in 2026?

Based on GuruFocus' analysis, Sao Martinho stock appears to be undervalued. The current stock price of R$15.41 is trading 39.5% below its estimated GF Value™ of R$25.49. GuruFocus considers Sao Martinho to be Possible Value Trap.

Key valuation signals for BSP:SMTO3:

  • Net Income: R$836 Mil
  • GF Value™: R$25.49 vs. price of R$15.41 (39.5% below fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the BSP:SMTO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sao Martinho Business Description

Address Fazenda Sao Martinho, Pradopolis, SP, BRA, CEP 14850-000
Sao Martinho SA operates the following segments: sugar, ethanol, electricity, real estate ventures, Yeast, and other products. Sales of sugar and ethanol, both of which the company produces with sugar cane, comprise the vast majority of the company's revenue. Sao Martinho produces sugar and ethanol in its four Brazilian mills. The company derives its sugar cane mostly from its own plantations, agricultural partnerships, shareholders, and related companies. Sao Martinho exports most of its sugar, and it sells most of its ethanol domestically.
74GF Score

Get the complete analysis for BSP:SMTO3

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$15.41
Price
R$25.49
GF Value