Skip to content
Palanor is in early release, with our founding customers.Become a founding customer →
The Real Rate Index45.30.00Palanor: Inflation Pulse50.7+0.06Palanor: Geopolitical Stress59.7-0.25Palanor: Liquidity58.8+0.87Palanor: Capital Tightness46.4-1.11Palanor: Industrial Pulse70.10.00Palanor: AI Margin Compression52.8-0.63Palanor: Consumer Confidence47.1-1.44Palanor: US Dollar Strength46.5+0.01Palanor: Labor Heat63.20.00Palanor: Recession Vocabulary28.7+0.64Palanor: Uncertainty Index53.2-0.24Palanor: US Jobs Health40.30.00Palanor: Energy Transition37.7+0.74Palanor: Reshoring Sentiment22.7-0.15Palanor: AI Substitution28.6+0.24The Social Fabric Index45.70.00Palanor: Geopolitical Anxiety19.8+0.43Palanor: Quit Pressure34.7-2.85The Mania Index88.00.00The Palanor Index57.5+0.37Cost Disease Spread33.20.00Palanor: US vs China49.4-0.05Rise of Socialism Index40.6-0.18The Bubble Memory98.5-0.00Palanor: Steward Confidence51.0+0.19The Long Watch90.30.00The Reshoring Index55.20.00The Capital Return Index80.2-0.77The Discourse Index74.3+1.91The Hesitation Index33.4+2.64Palanor AI Inference Cost Index71.2-0.03The AI Capex Race Index76.1-2.39The Boardroom Index81.7-0.84The Layoff Cycle Index35.6+2.75Capital Deployment Posture Index61.7-0.67The Consumer Health Index41.8+0.07Labor Hours Composite44.40.00The Dollar Erosion Index65.5-1.13Palanor: Risk Appetite35.4-0.76
PalanorPalanor

Line

Brazil's Listed Companies: Margins and Investment

Operating margin, free cash flow margin and capital spending, % of revenue, by fiscal year

Operating margin: 13.1% in 2025the lowest since 2017+8.3 pp since 2015

1 of 3 series is above their level a year earlier·1 of 3 is at a five-year high·2 of 3 are at a five-year low

YTD1y2y5y10y20yAll
ForecastOffContinuationForesight™
Show ▾
High and lowMarks the highest and lowest readings in the window shown.
Current·Data to 2025

Plays the chart through its history. Pauses are where the data set a record or moved most.

Operating margin · Continuation · the recent trend, flattening · 3 years

Capital spending · Continuation · the recent trend, flattening · 3 years

Free cash flow margin · Continuation · the recent trend, flattening · 3 years

Dashed: the projection from the latest reading. A projection, not a promise.

Palanor calculation from annual statements filed with Brazil's securities regulator (CVM open data, ODbL). Companies allowed to list shares on B3 that report sales revenue, consolidated where filed; banks and insurers are left out. Nominal reais.

How much of each real of sales Brazil's listed companies kept as operating profit, spent on investment, and had left as free cash flow. Petrobras, Vale and the power utilities weigh most.

What this chart reads

Sources

Brazil Listed Companies, Operating Margin. Source: Palanor calculation from CVM, Portal de Dados Abertos (https://dados.cvm.gov.br/), annual financial statements (DFP), Open Database License (ODbL).

Brazil Listed Companies, Capital Spending as % of Revenue. Source: Palanor calculation from CVM, Portal de Dados Abertos (https://dados.cvm.gov.br/), annual financial statements (DFP), Open Database License (ODbL).

Brazil Listed Companies, Free Cash Flow Margin. Source: Palanor calculation from CVM, Portal de Dados Abertos (https://dados.cvm.gov.br/), annual financial statements (DFP), Open Database License (ODbL).

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

Related charts

BusinessForecastMoving

S&P MidCap 400 Sector Sentiment · Financials (Discourse)

The mean management tone, from −1 to +1, across Financials companies in the S&P MidCap 400 in the trailing 90 days.

0.49Data today
BusinessForecastMoving

Large-Cap Sector Sentiment · Financials (Discourse)

The mean management tone, from −1 to +1, across Financials companies in the Large-Cap in the trailing 90 days.

0.54Data today
BusinessForecastMoving

Procter & Gamble Trailing P/E

Procter & Gamble (PG) market value ÷ trailing-twelve-month GAAP net income, daily.

24.0Data yesterday
BusinessForecastMoving

Mining Tariff Mentions (Discourse)

Average tariff and trade-policy mentions per earnings call across 26 metals and mining companies, trailing 90 days.

0.3Data today
BusinessForecastMoving

Mega-Cap Sector Sentiment · Financials (Discourse)

The mean management tone, from −1 to +1, across Financials companies in the Mega-Cap in the trailing 90 days.

0.46Data today
BusinessForecastMoving

Executive Tone on Earnings Calls

Palanor Discourse sentiment and confidence across S&P 500 earnings calls, rolling 90 days

0.55Data today

Cookies

We only use essential cookies to keep you signed in and remember your theme. No analytics, no tracking, no ads. See the Privacy Policy for the full read.