Skip to content

Construction in Brazil Market Players Analysis

Products and Services

This report details the main products and services offered by the top 10 players in the Brazilian construction market, along with available information on their volume and revenue performance in 2024 and 2025. The ranking of companies is based on information from the INTEC 2025 ranking by constructed area and the Ranking da Engenharia Brasileira 2024 by Revista O Empreiteiro.

MRV Engenharia MRV Engenharia is recognized as Brazil's largest residential construction company by volume, with a strong focus on affordable housing, particularly within the Minha Casa Minha Vida program. [MRV Engenharia row] Their main products and services include the development, construction, and sale of residential properties. [MRV Engenharia row, 24] The company also operates in residential rentals through Luggo, in the US market via Resia, and in land development with Urba. [MRV Engenharia row, 23] Additionally, MRV provides real estate consultancy and technical engineering services. In terms of volume, MRV achieved a record net sales volume in Q2 2024. [MRV Engenharia row] The company saw a 45% expansion in Potential Sales Value (PSV) sold in 2023 compared to 2022. Financially, MRV reported R$ 11.3 billion in net sales for 2024. [MRV Engenharia row] The Brazilian incorporation segment alone has an annualized revenue of around R$ 10 billion. [MRV Engenharia row] Net sales for MRV Incorporação in Q2 2024 were R$ 2.5 billion, marking a 14% increase year-over-year. [MRV Engenharia row] Net revenue for MRV Inc. in Q4 2024 increased by 16% year-over-year, reaching R$ 2.2 billion. [MRV Engenharia row] The company's revenue in 2024 was R$ 9.01 billion, a significant increase of 21.25% from R$ 7.43 billion in 2023.

Votorantim S.A. (Votorantim Cimentos) Votorantim S.A. is a large conglomerate with a significant presence in the building materials sector through Votorantim Cimentos. [Votorantim S.A. row] Votorantim Cimentos is a global producer of essential construction materials including cement, concrete, aggregates, and mortar. [Votorantim S.A. row] They also focus on sustainable solutions within the building materials industry. The group's portfolio extends to other sectors like energy and mining. [Votorantim S.A. row] Votorantim Cimentos' global cement sales volume in Q3 2024 was 10 million tons, a 3% increase compared to the previous year. [Votorantim S.A. row] In 2023, the total sales volume across the countries where they operate was 37 million tonnes of cement, slightly up from 2022. Global cement sales volume in 2024 reached 35.4 million tonnes, a 1% increase compared to 2023. Votorantim S.A. reported a consolidated net revenue of R$ 10.4 billion in Q1 2024 and R$ 13.3 billion in Q2 2024. [Votorantim S.A. row] Votorantim Cimentos' global net revenue in Q3 2024 was R$ 7.6 billion, showing stability in Brazil when excluding exchange rate variations. [Votorantim S.A. row] For the full year 2023, Votorantim Cimentos reported a net revenue of R$ 26.682 billion. [Votorantim S.A. row] Consolidated global net revenue in 2023 was R$ 26.7 billion, a 3% increase from 2022, driven by favorable market dynamics, particularly outside Brazil. Brazil's net revenue for Votorantim Cimentos in 2023 was R$ 12.8 billion, a 1% increase compared to 2022. In 2024, global net revenue totaled R$ 26.6 billion, consistent with 2023 figures when excluding foreign exchange rate changes. Brazil's net revenue in 2024 was R$ 12.9 billion, on par with 2023, with higher sales volume counteracting price dynamics.

OEC (Construtora Norberto Odebrecht S.A.) OEC is recognized as the largest heavy infrastructure construction company in Brazil. [OEC row, 6] The company specializes in heavy civil construction and the construction, assembly, and maintenance of industrial projects. [OEC row] They are known for executing large-scale infrastructure works both in Brazil and internationally, operating in various countries. [OEC row, 11] While specific volume metrics for 2024/2025 were not readily available in the provided data, their ranking signifies a substantial volume of heavy construction work. [OEC row] OEC reported a gross revenue of R$ 4.06 billion in 2023, according to the 2024 Ranking da Engenharia Brasileira. [OEC row, 6] Their gross operational revenue in the 2023 ranking (based on 2022 data) was R$ 4.8 billion. [OEC row]

Tigre S.A. - Tubos e Conexoes Tigre S.A. is a leading multinational company in the manufacturing and commercialization of pipes, fittings, and various other construction materials. [Tigre S.A. row] Their product range serves diverse applications including residential, commercial, infrastructure, industrial, and irrigation projects. [Tigre S.A. row, 37] Key product areas include hydraulic, electrical, drainage, sanitary fittings, metal products, infrastructure solutions, industrial applications, irrigation systems, painting tools, and water and effluents solutions. They also offer "Allied Products" which are adjacent technologies to their core pipe offerings, providing complete drainage solutions. Tigre operates 17 production plants across 10 countries, with 5 located in Brazil. [Tigre S.A. row] The company experienced a decrease in sales volume in Q1 2024 compared to both the previous quarter and the same period in the prior year. [Tigre S.A. row] However, they anticipate volume growth driven by the infrastructure and irrigation sectors in Brazil. [Tigre S.A. row] There was also a small increase in demand for their main products in Brazil and abroad. Tigre reported a net revenue of R$ 1.019 billion in Q1 2024. [Tigre S.A. row] In the first half of 2023, the company saw a 15% drop in revenue compared to the same period in 2022. [Tigre S.A. row] Approximately 66% of Tigre's revenue is generated within Brazil. [Tigre S.A. row]

Construtora Tenda Construtora Tenda is a major Brazilian homebuilder primarily focused on the popular housing segment, significantly participating in the Minha Casa Minha Vida program. [Construtora Tenda row] Their business model encompasses the entire real estate development process, from land acquisition to sales and construction. [Construtora Tenda row] Tenda is also innovating with a new offsite construction system utilizing wood-frame technology under their Alea brand. [Construtora Tenda row] Other services include general construction management and intermediation of consortium shares sales. Tenda was ranked among the top 10 largest construction companies in Brazil by constructed area in the INTEC 2025 ranking. [Construtora Tenda row, 2] By 2023, the company had delivered 150,000 apartments. [Construtora Tenda row] The Alea division's factory is projected to have a production capacity of 10,000 units per year starting in 2026. [Construtora Tenda row] In Q4 2024, Tenda launched 23 developments with a consolidated result totaling R$ 1,605.5 million, an increase of 39.8% compared to Q4 2023. They achieved a record PSV of R$ 5,548.8 million in 2024. Gross sales in Q4 2024 were R$ 1,124.5 million, a 16.0% increase compared to Q4 2023, contributing to a historical record in gross sales of R$ 5,004.3 million for 2024. Net Pre-Sales in Q4 2024 increased by 16.9% compared to Q4 2023, reaching R$ 984.4 million. Tenda reported a record consolidated net revenue of R$ 912.1 million in Q3 2024, a 16% expansion. [Construtora Tenda row] Their consolidated adjusted EBITDA was R$ 150.8 million in Q3 2024. [Construtora Tenda row] Net revenue in the consolidated Q4 2024 results was R$ 850.6 million, a 12.7% increase compared to Q4 2023. Recurring net profit for 2024 was R$ 210.7 million.

Direcional Engenharia Direcional Engenharia is a leading Brazilian construction and development company active in both the affordable housing market (Minha Casa Minha Vida) and the medium/high-standard segment through its Riva brand. [Direcional Engenharia row] The company handles the entire project lifecycle, from land acquisition to construction and sales. [Direcional Engenharia row] Direcional was ranked 1st in the INTEC 2025 ranking based on constructed area in 2024, with 4,459,227.47 m². [Direcional Engenharia row, 2, 8] The company has delivered over 150,000 units throughout its history. [Direcional Engenharia row] While launch volumes were expected to stabilize after reaching significant scale, the company saw strong sales performance. [Direcional Engenharia row] Net Sales reached BRL 1.8 billion in Q3 2024, a 76% growth compared to Q3 2023. Direcional achieved record-high Net Sales of BRL 4 billion in 2023, a 33% increase over 2022, and BRL 1.2 billion in Q4 2023, a 76% increase over the same period in the previous year. Launches in 2023 reached BRL 4.9 billion, the highest annual volume in the company's history, representing a 34% increase over 2022. Q2 2024 was the company's best quarter in Net Sales, at BRL 1.6 billion, growing 68% over Q2 2023. Direcional reported net revenue of R$ 2.4 billion in 2023. [Direcional Engenharia row, 13] They achieved a record net revenue of R$ 911 million in Q4 2024, a 63% increase year-over-year. [Direcional Engenharia row] Total Net Revenue for the last twelve months ending Q3 2024 reached BRL 4.1 billion. As of December 31, 2024, Direcional's trailing 12-month revenue was $621 million.

Pacaembu Construtora Pacaembu Construtora specializes in low-income residential developments and is a major participant in the Minha Casa Minha Vida program. [Pacaembu Construtora row] They are known for developing planned residential neighborhoods with complete infrastructure and building non-semi-detached houses. [Pacaembu Construtora row] Pacaembu manages the development process from land acquisition to sales and construction, often with financing from Caixa Econômica Federal and FGTS resources. [Pacaembu Construtora row] The company was ranked 2nd in the INTEC 2025 ranking based on constructed area in 2024, with 3,864,918.68 m². [Pacaembu Construtora row, 2, 8] Pacaembu was highlighted in the 2025 INTEC ranking for having the largest number of deliveries within the Minha Casa Minha Vida program, indicating a high volume of units delivered in the affordable segment. [Pacaembu Construtora row] Pacaembu reported a net revenue of R$ 859.9 million in 2022, a 42.7% increase over 2021. [Pacaembu Construtora row] More recent revenue data for 2024 was not found in the provided sources, but their high ranking by constructed area suggests significant revenue in 2024.

MPD Engenharia MPD Engenharia is a construction company based in São Paulo with a focus on various types of construction projects. [MPD Engenharia row] While specific details on their project types were not provided, their high ranking in industry reports indicates significant activity. MPD was ranked 3rd in the INTEC 2025 ranking based on constructed area in 2024, with 2,828,719.04 m². [MPD Engenharia row, 2, 8] Their high position in this ranking indicates a substantial volume of construction. Specific revenue estimates for 2024 were not found in the provided sources, but their significant constructed area volume suggests substantial revenue.

Grupo Plaenge Grupo Plaenge operates across multiple segments, including residential development, urban development, and industrial construction and assembly through its Emisa brand. [Grupo Plaenge row] The group has a strong presence, particularly in the South region of Brazil. [Grupo Plaenge row] Grupo Plaenge was ranked 4th in the INTEC 2025 ranking based on constructed area in 2024, with 2,818,910.80 m². [Grupo Plaenge row, 2, 8] They were also identified as the largest construction company in the South region in the INTEC ranking. [Grupo Plaenge row] The group invested R$ 700 million in real estate projects in Rio Grande do Sul over four years, as reported in late 2022. [Grupo Plaenge row] Specific revenue estimates for 2024 were not found in the provided sources, but their diverse operations and high ranking by constructed area indicate significant revenue. They reported revenue of R$ 647.863 million in the 2023 ranking by O Empreiteiro, based on 2022 data. [Grupo Plaenge row]

Cury Construtora Cury Construtora is a leading construction company focused on the low-income residential segment, actively participating in government housing programs like Minha Casa Minha Vida. [Cury Construtora row, 39] They specialize in developing and building housing projects for this market demographic. [Cury Construtora row] Cury also provides real estate agency and brokerage services, financing services, credit analysis, and online brokerage. Cury was ranked 5th in the INTEC 2025 ranking based on constructed area in 2024, with 2,549,236.95 m². [Cury Construtora row, 2, 8] This high ranking signifies a substantial volume of construction activity, primarily in the residential sector. [Cury Construtora row] Specific revenue estimates for 2024 were not found in the provided sources, but their significant constructed area volume indicates substantial revenue generated from the sale of these residential units. Their Net Income Avi to Common (ttm) was 359.83 million BRL, and they showed a quarterly earnings growth (yoy) of 48.39%.

Comparative Table

Player Name Main Products/Services Highlight Volume Performance (2024/2025 data) Revenue Performance (2024/2025 data)
MRV Engenharia Affordable residential housing, rentals, land development Largest by volume in Brazil. Record net sales volume in Q2 2024. [MRV Engenharia row] 45% PSV expansion in 2023 vs 2022. R$ 11.3 B net sales in 2024. [MRV Engenharia row] R$ 9.01 B revenue in 2024 (+21.25% vs 2023). R$ 2.5 B net sales Q2 2024 (+14% YoY). [MRV Engenharia row] R$ 2.2 B net revenue Q4 2024 (+16% YoY). [MRV Engenharia row]
Votorantim S.A. (Cimentos) Cement, concrete, aggregates, mortar Global cement sales +3% YoY in Q3 2024 (10 M tons). [Votorantim S.A. row] Global cement sales +1% in 2024 (35.4 M tonnes). Consolidated R$ 13.3 B revenue in Q2 2024. [Votorantim S.A. row] Votorantim Cimentos R$ 7.6 B net revenue Q3 2024 (stable Brazil exch. rate). [Votorantim S.A. row] R$ 26.6 B global net revenue 2024 (on par with 2023 exch. rate). R$ 12.9 B Brazil net revenue 2024 (on par with 2023).
OEC Heavy infrastructure construction, industrial projects Ranked 1st in heavy infrastructure by gross revenue. [OEC row] Specific 2024/2025 volume data not readily available. R$ 4.06 B gross revenue in 2023. [OEC row, 6] R$ 4.8 B gross operational revenue in 2023 ranking (based on 2022 data). [OEC row]
Tigre S.A. Pipes, fittings, construction materials Decrease in sales volume in Q1 2024 vs Q4 2023 and Q1 2023. [Tigre S.A. row] Expected growth from infrastructure/irrigation. [Tigre S.A. row] Small increase in demand for main products. R$ 1.019 B net revenue in Q1 2024. [Tigre S.A. row] 15% revenue drop in 1H 2023 vs 1H 2022. [Tigre S.A. row] Projected EBITDA ~R$ 660 M for 2024. [Tigre S.A. row]
Construtora Tenda Low-income residential housing, offsite construction (Alea) Top 10 by constructed area (INTEC 2025). [Construtora Tenda row] R$ 1.6 B launches 4Q24 (+39.8% vs 4Q23). R$ 5.5 B record PSV 2024. R$ 1.12 B gross sales 4Q24 (+16% vs 4Q23). R$ 5.0 B record gross sales 2024. R$ 912.1 M record net revenue Q3 2024 (+16%). [Construtora Tenda row] R$ 850.6 M net revenue 4Q24 (+12.7% vs 4Q23). R$ 210.7 M recurring net profit 2024.
Direcional Engenharia Affordable and medium-income residential housing Ranked 1st by constructed area (INTEC 2025, 4.46 M m²). [Direcional Engenharia row, 2, 8] R$ 1.8 B net sales 3Q24 (+76% vs 3Q23). R$ 4 B record net sales 2023 (+33% vs 2022). R$ 1.6 B record net sales 2Q24 (+68% vs 2Q23). R$ 4.9 B highest annual launches volume 2023 (+34% vs 2022). R$ 2.4 B net revenue 2023. [Direcional Engenharia row, 13] R$ 911 M record net revenue Q4 2024 (+63% YoY). [Direcional Engenharia row] R$ 4.1 B total net revenue LTM 3Q24. $621M trailing 12-month revenue as of 31-Dec-2024.
Pacaembu Construtora Low-income residential developments (MCMV), planned neighborhoods Ranked 2nd by constructed area (INTEC 2025, 3.86 M m²). [Pacaembu Construtora row, 2, 8] Largest number of MCMV deliveries (INTEC 2025). [Pacaembu Construtora row] R$ 859.9 M net revenue 2022 (+42.7% vs 2021). [Pacaembu Construtora row] 2024 revenue not found in provided sources, but likely substantial based on volume.
MPD Engenharia Various construction projects (São Paulo) Ranked 3rd by constructed area (INTEC 2025, 2.83 M m²). [MPD Engenharia row, 2, 8] 2024 revenue not found in provided sources, likely substantial based on volume.
Grupo Plaenge Residential, urban, and industrial development/construction Ranked 4th by constructed area (INTEC 2025, 2.82 M m²). [Grupo Plaenge row, 2, 8] Largest in South region. [Grupo Plaenge row] Invested R$ 700 M in real estate projects in RS (reported late 2022). [Grupo Plaenge row] R$ 647.863 M revenue in 2023 ranking (based on 2022 data). [Grupo Plaenge row] 2024 revenue not found in provided sources, likely significant.
Cury Construtora Low-income residential housing (MCMV), real estate services Ranked 5th by constructed area (INTEC 2025, 2.55 M m²). [Cury Construtora row, 2, 8] Volume primarily in low-income residential units. [Cury Construtora row] Net Income Avi to Common (ttm) 359.83M BRL. Quarterly Earnings Growth (yoy) 48.39%. 2024 revenue not found in provided sources, likely substantial based on volume.

References

  • 7º Fórum Infra 2024-2026 e Ranking da Engenharia Brasileira 2024 - | Revista | O Empreiteiro.
  • As 100 maiores construtoras do Brasil | Confira o Ranking INTEC - Sienge.
  • As 100 Maiores Construtoras do Brasil em 2025 – Quem são e como se destacam no mercado? - ConstruConnect.
  • OEC lidera mais uma vez Ranking da Engenharia Brasileira, da revista O Empreiteiro - Notícias - OEC.
  • Ranking INTEC 2025 divulga lista das 100 maiores construtoras do Brasil - Abrainc.
  • RELATÓRIO GERENCIAL - Suno.
  • Release de Resultados 4T24_MRVE3_24.02.2025 | PDF | Impostos | Custo - Scribd.
  • Tenda tem lucro líquido de R$ 76,2 milhões no 3ºtri2024 - Estadão RI.
  • Votorantim atinge receita líquida de R$ 13,3 bilhões no 2T24, aumento de 10% em comparação ao 2T23.
  • Votorantim Cimentos encerra terceiro trimestre de 2024 com lucro líquido de R$ 1 bilhão.
  • Votorantim Cimentos fecha 3T24 com lucro líquido de R$ 1 bi.
  • MRV Engenharia e Participações (BVMF:MRVE3) Stock Price & Overview.
  • OEC S.A. Independent auditor's report Consolidated financial statements As at December 31, 2023 - Mziq.
  • Direcional Engenharia S A : 4Q23 Earnings Release - MarketScreener.
  • 2Q24 ER Direcional - Mziq.
  • Votorantim Cimentos Reports Strong Second Quarter of 2024 with Increased Revenue, Profit, and Investments - Industry Link.
  • Cury Construtora e Incorporadora SA CURY3.SA Stock - CoinDataFlow.
  • Construtora Tenda SA Stock Price Today | BVMF: TEND3 Live - Investing.com.
  • Direcional Engenharia S A : 2Q24 Earnings Release | MarketScreener.
  • Votorantim Cimentos Ends 2023 With Net Profit of R$2.6 Billion, a 123% Increase Compared to the Previous Year - Industry Link.
  • Votorantim Cimentos 2022 Earnings - Mziq.
  • Direcional Engenharia 2025 Company Profile: Stock Performance & Earnings | PitchBook.
  • MRV ON Stock Price Today | BVMF: MRVE3 Live - Investing.com.
  • MRV Engenharia e Participacoes S.A. Stock (MRVE3) - Quote Sao Paulo- MarketScreener.
  • Cury Constrtutora e Incorporadora S Stock Price Today | BVMF: CURY3 Live - Investing.com.
  • Votorantim Cimentos shares financial results - World Cement.
  • Our 2024 financial results - Votorantim Cimentos.
  • TIGRE | 2022 Sustainability Report - AWS.
  • Strong operating performance led to increased net income amounting to R$37 million (+110% YoY) with adjusted gross margin at the - Tenda.
  • mrv announces strong growth of 148% in the operating revenue, recording r$ 254.5 million psv in the 2q07.
  • MRV Engenharia e Participacoes S A : Dados Econômico-Financeiros - Stock Market.
  • Earnings Release.
  • Brazil Construction Equipment Market Report | Size, Forecast 2028 - Arizton.
  • Earnings Release - Public now.
  • Cury Construtora e Incorporadora S.A. (CURY3.SA) stock price ....
  • Cury Construtora e Incorporadora S.A. (CURY3.SA) stock price ....
  • wms-20220331 - SEC.gov.
  • Fiscal Year 2023 - Annual Report.