VALE S.A. Financial Statements
NYSE: VALEBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
VALE S.A. revenue and earnings
In fiscal 2025, VALE S.A. generated $38.40 billion in revenue, up 0.9% from fiscal 2024. Net income was $2.35 billion (-61.9% year over year), for a net margin of 6.1% versus a median of 19.1% in the prior 5 years. Gross margin was 35.0% (down from 36.2%) and operating margin 15.4%.
Over the last 5 fiscal years, VALE's revenue has grown at a -0.6% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
VALE S.A. income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.40B | 38.06B | 41.78B | 43.84B | 54.50B | 39.55B | 36.55B | 36.58B | 33.97B | 27.49B |
| Revenue growth (YoY) | +0.91% | -8.92% | -4.69% | -19.56% | +37.82% | +8.20% | -0.07% | +7.68% | +23.57% | +17.55% |
| Cost of Revenue | 24.95B | 24.27B | 24.09B | 24.03B | 21.73B | 17.56B | 19.31B | 22.11B | 21.04B | 17.65B |
| Gross Profit | 13.46B | 13.79B | 17.70B | 19.81B | 32.77B | 21.98B | 17.24B | 14.47B | 12.93B | 9.84B |
| Operating Expenses | 7.56B | 3.00B | 3.49B | 3.38B | 4.65B | 7.85B | 9.96B | 1.61B | 1.70B | 1.55B |
| Research & Development | 693.00M | 790.00M | 723.00M | 660.00M | 549.00M | 415.00M | 413.00M | 373.00M | 340.00M | 319.00M |
| Selling, General & Admin | 641.00M | 622.00M | 553.00M | 515.00M | 481.00M | 491.00M | 474.00M | 523.00M | 531.00M | 507.00M |
| Operating Income | 5.90B | 10.79B | 14.21B | 17.21B | 27.69B | 12.82B | 3.89B | 11.96B | 10.93B | 7.05B |
| Interest Expense | 1.65B | 1.47B | 1.46B | 1.18B | 1.25B | 1.16B | 3.68B | 2.31B | 3.27B | 2.68B |
| Pretax Income | 4.65B | 6.70B | 11.15B | 19.78B | 29.54B | 6.99B | -156.00M | 6.82B | 7.83B | 7.98B |
| Income Tax | 2.67B | 721.00M | 3.05B | 2.97B | 4.70B | 735.00M | -595.00M | -172.00M | 1.50B | 2.78B |
| Net Income | 2.35B | 6.17B | 7.98B | 18.79B | 22.45B | 4.88B | -1.68B | 6.86B | 5.51B | 3.98B |
| Net Income growth (YoY) | -61.86% | -22.76% | -57.51% | -16.29% | +359.84% | — | -124.53% | +24.57% | +38.30% | — |
| Shares Outstanding (Basic) | 4.27M | 4.27M | 4.37M | 4.64M | 5.01M | 5.13M | 5.13M | 5.18M | 5.20M | 5.20M |
| EBITDA | 9.00B | 13.85B | 17.27B | 20.38B | 30.73B | 16.04B | 7.38B | 15.31B | 14.64B | 10.54B |
| Gross Margin | 35.04% | 36.24% | 42.35% | 45.19% | 60.13% | 55.58% | 47.16% | 39.55% | 38.06% | 35.79% |
| Operating Margin | 15.36% | 28.35% | 34.00% | 39.25% | 50.81% | 32.43% | 10.65% | 32.69% | 32.18% | 25.65% |
| Net Margin | 6.12% | 16.20% | 19.11% | 42.86% | 41.18% | 12.34% | -4.60% | 18.76% | 16.21% | 14.49% |
This table shows 10 annual periods of VALE S.A.'s income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VALE's reporting calendar. What is a income statement?