Vale S.A.(VALE)Earnings, Financials & Key Ratios
VALE•NYSE
$15.93
$69.53B mkt cap·27.5× P/E·Price updated May 6, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryDiversified Mining and Metals Producers
AboutVale S.A., together with its subsidiaries, produces and sells iron ore, iron ore pellets, nickel, and copper in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel; and its by-products, such as gold, silver, cobalt, precious metals, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio De Janeiro, Brazil.Show more
- Revenue$38.23B+0.5%
- EBITDA$14.12B+2.0%
- Net Income$2.47B-59.9%
- EPS (Diluted)0.58-57.7%
- Gross Margin34.37%-5.2%
- EBITDA Margin36.93%+1.5%
- Operating Margin28.98%+2.2%
- Net Margin6.47%-60.1%
- ROE7.16%-56.2%
- ROIC17.72%+11.0%
- Debt/Equity0.56+9.5%
- Interest Coverage7.12+0.9%
VALE Key Insights
Vale S.A. (VALE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 5.2%
- ✓Healthy 5Y average net margin of 25.2%
✗Weaknesses
- ✗Profits declining 12.7% over 5 years
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VALE Price & Volume
Vale S.A. (VALE) stock price & volume — 10-year historical chart
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VALE Growth Metrics
Vale S.A. (VALE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.09%
5 Years-0.67%
3 Years-4.46%
TTM6.28%
Profit CAGR
10 Years-
5 Years-12.72%
3 Years-49.13%
TTM-52.02%
EPS CAGR
10 Years-
5 Years-10.5%
3 Years-47.68%
TTM-51.47%
Return on Capital
10 Years16.63%
5 Years21.87%
3 Years16.48%
Last Year16.05%
VALE Recent Earnings
Vale S.A. (VALE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Apr 28, 2026EPS
$0.44
Est $0.52
-15.7%
Revenue
$9.3B
Est $9.5B
-2.8%
Q1 2026
Feb 12, 2026EPS
$0.90
Est $0.57
-257.9%
Revenue
$11.1B
Est $10.9B
+1.5%
Q4 2025
Oct 30, 2025EPS
$0.63
Est $0.49
+28.6%
Revenue
$10.4B
Est $10.8B
-3.7%
Q3 2025
Jul 31, 2025EPS
$0.50
Est $0.34
+47.1%
Revenue
$8.8B
Est $9.4B
-6.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.44vs $0.52-15.7% | $9.3Bvs $9.5B-2.8% |
| Q1 2026 | Feb 12, 2026 | $0.90vs $0.57-257.9% | $11.1Bvs $10.9B+1.5% |
| Q4 2025 | Oct 30, 2025 | $0.63vs $0.49+28.6% | $10.4Bvs $10.8B-3.7% |
| Q3 2025 | Jul 31, 2025 | $0.50vs $0.34+47.1% | $8.8Bvs $9.4B-6.4% |
Based on last 12 quarters of dataView full earnings history →
VALE Peer Comparison
Vale S.A. (VALE) competitors in Diversified Mining and Metals Producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RIO | 200.61B | 100.50 | 14.22 | -0.71% | 19.42% | 33.83% | 2.98% | 0.24 |
 BHP | 201.2B | 79.24 | 22.26 | -7.9% | 20.1% | 39.01% | 4.61% | 0.47 |
 CLF | 6.07B | 10.65 | -3.55 | -3% | -7.94% | -23.38% | 1.15 | |
 MT | 44.28B | 58.18 | 14.16 | -1.74% | 5.14% | 5.65% | 1.06% | 0.24 |
 NUE | 52.86B | 232.07 | 30.86 | 5.73% | 6.82% | 10.58% | 0.32 | |
 STLD | 34.4B | 237.46 | 29.72 | 3.63% | 7.22% | 15.29% | 1.46% | 0.47 |
 FCX | 82.93B | 57.70 | 37.96 | 1.12% | 10.34% | 8.91% | 1.35% | 0.37 |
 CAT | 420.89B | 904.59 | 48.04 | 4.29% | 13.31% | 47.51% | 2.44% | 2.03 |
Compare VALE vs Peers
Vale S.A. (VALE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VALE Income Statement
Vale S.A. (VALE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 33.97B | 36.58B | 35.98B | 39.55B | 54.5B | 43.84B | 41.78B | 38.06B | 38.23B | 39.53B |
| Revenue Growth % | 23.57% | 7.68% | -1.62% | 9.9% | 37.82% | -19.56% | -4.69% | -8.92% | 0.46% | 6.28% |
| Cost of Goods Sold | 21.04B | 22.11B | 19.02B | 17.56B | 21.73B | 24.03B | 24.09B | 24.27B | 25.09B | 25.89B |
| COGS % of Revenue | 61.94% | 60.45% | 52.85% | 44.42% | 39.87% | 54.81% | 57.65% | 63.76% | 65.63% | - |
| Gross Profit | 12.93B▲ 0% | 14.47B▲ 11.9% | 16.97B▲ 17.3% | 21.98B▲ 29.5% | 32.77B▲ 49.1% | 19.81B▼ 39.6% | 17.7B▼ 10.7% | 13.79B▼ 22.1% | 13.14B▼ 4.7% | 13.65B▲ 0% |
| Gross Margin % | 38.06% | 39.55% | 47.15% | 55.58% | 60.13% | 45.19% | 42.35% | 36.24% | 34.37% | 34.52% |
| Gross Profit Growth % | 31.41% | 11.9% | 17.29% | 29.55% | 49.1% | -39.55% | -10.68% | -22.06% | -4.73% | - |
| Operating Expenses | 1.7B | 1.61B | 13.14B | 9.16B | 5.08B | 2.6B | 3.49B | 3B | 2.06B | 2.64B |
| OpEx % of Revenue | 5.02% | 4.41% | 36.51% | 23.16% | 9.32% | 5.94% | 8.35% | 7.89% | 5.38% | - |
| Selling, General & Admin | 531M | 461M | 1.6B | 442M | 439M | 474M | 506M | 566M | 566.7M | 590.74M |
| SG&A % of Revenue | 1.56% | 1.26% | 4.45% | 1.12% | 0.81% | 1.08% | 1.21% | 1.49% | 1.48% | - |
| Research & Development | 340M | 373M | 409.02M | 415M | 549M | 660M | 720.34M | 790M | 688.77M | 834.63M |
| R&D % of Revenue | 1% | 1.02% | 1.14% | 1.05% | 1.01% | 1.51% | 1.72% | 2.08% | 1.8% | - |
| Other Operating Expenses | -149M | -187M | 11.13B | 8.3B | 4.09B | 1.47B | 2.26B | 1.65B | 802.26M | 4M |
| Operating Income | 10.93B▲ 0% | 11.96B▲ 9.4% | 3.83B▼ 68.0% | 12.82B▲ 235.0% | 27.69B▲ 116.0% | 17.21B▼ 37.9% | 14.21B▼ 17.5% | 10.79B▼ 24.1% | 11.08B▲ 2.7% | 11B▲ 0% |
| Operating Margin % | 32.18% | 32.69% | 10.64% | 32.43% | 50.81% | 39.25% | 34% | 28.35% | 28.98% | 27.84% |
| Operating Income Growth % | 54.99% | 9.38% | -67.98% | 235.01% | 115.96% | -37.86% | -17.45% | -24.05% | 2.72% | - |
| EBITDA | 14.64B | 15.3B | 7.26B | 16.04B | 30.73B | 20.38B | 17.27B | 13.85B | 14.12B | 14.24B |
| EBITDA Margin % | 43.1% | 41.84% | 20.19% | 40.56% | 56.38% | 46.49% | 41.34% | 36.38% | 36.93% | 36.03% |
| EBITDA Growth % | 39.09% | 4.53% | -52.53% | 120.77% | 91.59% | -33.67% | -15.24% | -19.86% | 1.97% | 13.99% |
| D&A (Non-Cash Add-back) | 3.71B | 3.35B | 3.44B | 3.21B | 3.03B | 3.17B | 3.07B | 3.06B | 3.04B | 3.24B |
| EBIT | 10.6B | 8.55B | 14.47B | 9.35B | 31.09B | 20.57B | 12.49B | 8.01B | 11.08B | 11.09B |
| Net Interest Income | -3.18B | -2.62B | -3.39B | -2.63B | -1.72B | -752.05M | -1.51B | -981M | -1.13B | -1.16B |
| Interest Income | 481M | 423M | 248.94M | 125.24M | 226.46M | 439.93M | -176M | 155M | 431.2M | 444.5M |
| Interest Expense | 3.28B | 1.54B | 3.64B | 2.75B | 1.94B | 1.19B | 1.34B | 1.14B | 1.56B | 1.6B |
| Other Income/Expense | -3.1B | -5.14B | -3.97B | -5.83B | 1.85B | 2.57B | -3.05B | -4.09B | -6.3B | -5.99B |
| Pretax Income | 7.83B▲ 0% | 6.82B▼ 12.9% | -143.06M▼ 102.1% | 6.99B▲ 4986.2% | 29.54B▲ 322.6% | 19.78B▼ 33.0% | 11.15B▼ 43.6% | 6.7B▼ 40.0% | 4.78B▼ 28.6% | 5.02B▲ 0% |
| Pretax Margin % | 23.05% | 18.64% | -0.4% | 17.68% | 54.2% | 45.12% | 26.69% | 17.6% | 12.5% | 12.69% |
| Income Tax | 1.5B | -172M | -624.22M | 735M | 4.7B | 2.97B | 3.05B | 721M | 2.66B | 2.55B |
| Effective Tax Rate % | 19.1% | -2.52% | 436.35% | 10.52% | 15.9% | 15.02% | 27.32% | 10.77% | 55.75% | 50.88% |
| Net Income | 5.51B▲ 0% | 6.86B▲ 24.6% | -1.66B▼ 124.2% | 4.88B▲ 394.0% | 22.45B▲ 359.8% | 18.79B▼ 16.3% | 7.98B▼ 57.5% | 6.17B▼ 22.8% | 2.47B▼ 59.9% | 2.79B▲ 0% |
| Net Margin % | 16.21% | 18.76% | -4.61% | 12.34% | 41.18% | 42.86% | 19.11% | 16.2% | 6.47% | 7.06% |
| Net Income Growth % | 38.3% | 24.57% | -124.2% | 394.05% | 359.84% | -16.29% | -57.51% | -22.76% | -59.9% | -52.02% |
| Net Income (Continuing) | 6.33B | 6.99B | 481.17M | 6.25B | 24.84B | 16.81B | 8.11B | 5.97B | 2.11B | 2.46B |
| Discontinued Operations | 0 | -84.79M | -2.64B | -1.72B | -2.38B | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.31B | 847M | -1.07B | -923M | 834M | 1.49B | 1.52B | 1.12B | 844.38M | 899.86M |
| EPS (Diluted) | 1.05▲ 0% | 1.32▲ 25.7% | -0.43▼ 132.6% | 1.01▲ 334.9% | 4.48▲ 343.6% | 4.05▼ 9.6% | 1.83▼ 54.8% | 1.37▼ 25.1% | 0.58▼ 57.7% | 0.65▲ 0% |
| EPS Growth % | 36.36% | 25.71% | -132.58% | 334.88% | 343.56% | -9.6% | -54.81% | -25.14% | -57.66% | -51.47% |
| EPS (Basic) | 1.05 | 1.32 | -0.43 | 1.01 | 4.48 | 4.05 | 1.83 | 1.37 | 0.58 | - |
| Diluted Shares Outstanding | 5.2B | 5.2B | 5.13B | 5.13B | 5.01B | 4.64B | 4.37B | 4.27B | 4.27B | 4.27B |
| Basic Shares Outstanding | 5.2B | 5.18B | 5.13B | 5.13B | 5.01B | 4.64B | 4.37B | 4.23B | 4.27B | 4.27B |
| Dividend Payout Ratio | 26.44% | 48.29% | - | 68.63% | 60.07% | 35.14% | 70.14% | 62.16% | 144.57% | - |
VALE Balance Sheet
Vale S.A. (VALE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 18.95B | 15.29B | 17.04B | 24.4B | 22.36B | 15.53B | 18.64B | 13.5B | 18.37B | 16.74B |
| Cash & Short-Term Investments | 6.35B | 5.82B | 8.18B | 14.26B | 11.9B | 4.8B | 3.66B | 5.01B | 7.6B | 5.28B |
| Cash Only | 4.33B | 5.78B | 7.35B | 13.49B | 11.72B | 4.74B | 3.61B | 4.96B | 7.4B | 5.08B |
| Short-Term Investments | 2.02B | 32M | 826M | 771M | 184M | 61M | 51.47M | 53.52M | 194.53M | 193.8M |
| Accounts Receivable | 5.65B | 3.89B | 3.77B | 5.7B | 4.78B | 5.59B | 5.08B | 3.46B | 3.82B | 3.71B |
| Days Sales Outstanding | 60.76 | 38.86 | 38.24 | 52.58 | 32.04 | 46.55 | 44.37 | 33.17 | 36.45 | 34.62 |
| Inventory | 3.93B | 4.44B | 4.27B | 4.06B | 4.38B | 4.48B | 4.67B | 4.61B | 5.96B | 6.13B |
| Days Inventory Outstanding | 68.11 | 73.35 | 82.03 | 84.39 | 73.52 | 68.08 | 70.74 | 69.35 | 86.71 | 80.7 |
| Other Current Assets | 4.23B | 595M | 452M | 387M | 1.3B | 656M | 5.87B | 416.3M | 991.1M | 1.62B |
| Total Non-Current Assets | 80.23B | 72.9B | 74.67B | 67.6B | 67.08B | 71.37B | 75.23B | 66.67B | 68.52B | 70.81B |
| Property, Plant & Equipment | 66.94B | 48.38B | 46.58B | 41.15B | 41.93B | 44.94B | 48.23B | 40.03B | 43.8B | 45.64B |
| Fixed Asset Turnover | 0.51x | 0.76x | 0.77x | 0.96x | 1.30x | 0.98x | 0.87x | 0.95x | 0.87x | 0.88x |
| Goodwill | 4.11B | 3.65B | 3.63B | 3.3B | 3.21B | 3.19B | 3.25B | 3.04B | 1.3B | 1.37B |
| Intangible Assets | 4.38B | 4.31B | 4.87B | 6B | 5.8B | 7.05B | 8.37B | 7.49B | 7.69B | 7.99B |
| Long-Term Investments | 3.23B | 4.21B | 3.52B | 2.79B | 1.76B | 1.8B | 3.2B | 4.61B | 5.91B | 22.93B |
| Other Non-Current Assets | -5.07B | 5.43B | 6.86B | 4.04B | 2.94B | 3.62B | 2.63B | 11.45B | 3.47B | 14.6B |
| Total Assets | 99.18B▲ 0% | 88.19B▼ 11.1% | 91.71B▲ 4.0% | 92.01B▲ 0.3% | 89.44B▼ 2.8% | 86.89B▼ 2.8% | 93.87B▲ 8.0% | 80.25B▼ 14.5% | 86.88B▲ 8.3% | 87.55B▲ 0% |
| Asset Turnover | 0.34x | 0.41x | 0.39x | 0.43x | 0.61x | 0.50x | 0.45x | 0.47x | 0.44x | 0.44x |
| Asset Growth % | 0.17% | -11.08% | 3.99% | 0.32% | -2.79% | -2.85% | 8.03% | -14.51% | 8.26% | 20% |
| Total Current Liabilities | 13.11B | 9.11B | 13.85B | 14.59B | 15.2B | 13.89B | 14.61B | 13.11B | 15.94B | 13.5B |
| Accounts Payable | 4.04B | 3.51B | 4.11B | 3.37B | 3.48B | 4.46B | 5.27B | 4.23B | 5.59B | 5.49B |
| Days Payables Outstanding | 70.11 | 57.98 | 78.83 | 69.97 | 58.37 | 67.77 | 79.88 | 63.69 | 81.28 | 78.16 |
| Short-Term Debt | 1.7B | 2.14B | 2.42B | 1.63B | 1.03B | 307M | 824M | 1.02B | 680.87M | 757.19M |
| Deferred Revenue (Current) | 4.21B | 650M | 330M | 853M | 1.68B | 416M | 591M | 1.25M | 0 | 539M |
| Other Current Liabilities | 3.81B | 1.27B | 2.17B | 5.11B | 3.64B | 4.39B | 5.14B | 6.43B | 4.75B | 5.48B |
| Current Ratio | 1.45x | 1.68x | 1.23x | 1.67x | 1.47x | 1.12x | 1.28x | 1.03x | 1.15x | 1.15x |
| Quick Ratio | 1.15x | 1.19x | 0.92x | 1.39x | 1.18x | 0.80x | 0.96x | 0.68x | 0.78x | 0.78x |
| Cash Conversion Cycle | 58.76 | 54.23 | 41.45 | 67.01 | 47.19 | 46.87 | 35.23 | 38.83 | 41.87 | 37.16 |
| Total Non-Current Liabilities | 41.3B | 34.25B | 38.88B | 42.59B | 38.94B | 35.65B | 38.44B | 32.53B | 36.47B | 36.53B |
| Long-Term Debt | 20.79B | 16.83B | 16.95B | 18.2B | 14.57B | 13.6B | 14.52B | 16.01B | 18.2B | 17.59B |
| Capital Lease Obligations | 0 | 0 | 1.57B | 1.42B | 1.43B | 1.35B | 1.25B | 567.05M | 509.88M | 2.04B |
| Deferred Tax Liabilities | 1.72B | 1.53B | 1.88B | 1.77B | 1.88B | 1.41B | 866.68M | 445M | 107.3M | 381.6M |
| Other Non-Current Liabilities | 16.94B | 14.28B | 18.48B | 19.1B | 19.62B | 16.73B | 18.51B | 13.7B | 17.65B | 67.39B |
| Total Liabilities | 54.41B | 43.36B | 52.72B | 57.19B | 54.14B | 49.54B | 53.04B | 45.69B | 52.41B | 50.03B |
| Total Debt | 22.49B | 18.97B | 21.16B | 21.49B | 17.2B | 15.44B | 16.8B | 17.74B | 19.39B | 18.83B |
| Net Debt | 18.16B | 13.18B | 13.81B | 8.01B | 5.48B | 10.7B | 13.19B | 12.78B | 11.99B | 13.75B |
| Debt / Equity | 0.49x | 0.42x | 0.54x | 0.62x | 0.49x | 0.41x | 0.41x | 0.51x | 0.56x | 0.56x |
| Debt / EBITDA | 1.54x | 1.24x | 2.91x | 1.34x | 0.56x | 0.76x | 0.97x | 1.28x | 1.37x | 1.32x |
| Net Debt / EBITDA | 1.24x | 0.86x | 1.90x | 0.50x | 0.18x | 0.53x | 0.76x | 0.92x | 0.85x | 0.85x |
| Interest Coverage | 3.23x | 5.55x | 3.97x | 3.39x | 16.01x | 17.26x | 9.33x | 7.05x | 7.12x | 6.92x |
| Total Equity | 46.09B▲ 0% | 44.83B▼ 2.7% | 38.99B▼ 13.0% | 34.82B▼ 10.7% | 35.31B▲ 1.4% | 37.36B▲ 5.8% | 40.83B▲ 9.3% | 34.56B▼ 15.4% | 34.48B▼ 0.2% | 37.52B▲ 0% |
| Equity Growth % | 12.34% | -2.72% | -13.02% | -10.7% | 1.39% | 5.81% | 9.29% | -15.36% | -0.23% | 14.74% |
| Book Value per Share | 8.87 | 8.63 | 7.60 | 6.79 | 7.04 | 8.05 | 9.34 | 8.09 | 8.07 | 8.78 |
| Total Shareholders' Equity | 44.77B | 43.98B | 40.07B | 35.74B | 34.47B | 35.87B | 39.31B | 33.43B | 33.63B | 36.62B |
| Common Stock | 61.61B | 61.61B | 61.61B | 61.61B | 13.86B | 61.61B | 15.91B | 12.5B | 14.11B | 14.8B |
| Retained Earnings | 0 | 0 | 0 | 0 | 15.72B | 0 | 13.01B | 18.58B | 1.1B | 3.06B |
| Treasury Stock | -1.48B | -2.48B | -2.46B | -2.44B | -5.24B | -4.98B | -3.5B | -3.2B | -3.61B | -2.52B |
| Accumulated OCI | -15.57B | -14.03B | -19.09B | -23.43B | 10.16B | -20.77B | 14.05B | 5.56B | 22.04B | 21.27B |
| Minority Interest | 1.31B | 847M | -1.07B | -923M | 834M | 1.49B | 1.52B | 1.12B | 844.38M | 899.86M |
VALE Cash Flow Statement
Vale S.A. (VALE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 12.45B | 12.9B | 12.11B | 14.32B | 25.68B | 11.48B | 13.4B | 9.39B | 9.04B | 9.04B |
| Operating CF Margin % | 36.65% | 35.27% | 33.65% | 36.22% | 47.12% | 26.2% | 32.06% | 24.69% | 23.64% | - |
| Operating CF Growth % | 94.5% | 3.62% | -6.13% | 18.27% | 79.3% | -55.27% | 16.65% | -29.88% | -3.81% | 135.52% |
| Net Income | 7.83B | 6.82B | -156M | 6.99B | 29.54B | 19.78B | 8B | 5.86B | 2.47B | 2.79B |
| Depreciation & Amortization | 3.71B | 3.35B | 3.49B | 3.21B | 3.03B | 3.17B | 2.96B | 2.79B | 3.04B | 3.17B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 283M | 3.57B | 8.84B | 7.32B | -7.23B | -10.15B | 5.27B | 2.16B | 6.03B | 6.45B |
| Working Capital Changes | 630M | -840M | -65M | -3.2B | 335M | -1.32B | -2.83B | -1.42B | -2.5B | -3.14B |
| Change in Receivables | 1.28B | -156M | -47M | -2.54B | 1.03B | -325M | 318.53M | 1.52B | 162.35M | -289.85M |
| Change in Inventory | -339M | -817M | 88M | -183M | -503M | 45M | -223.43M | -456.69M | -1.09B | -1.06B |
| Change in Payables | 232M | -376M | 749M | -222M | 251M | 495M | 620.24M | -373.77M | 822.13M | 573.63M |
| Cash from Investing | -3.36B | 159M | -6.99B | -4.67B | -6.61B | -4.69B | -6.49B | -5.79B | -7.19B | -7.14B |
| Capital Expenditures | -3.83B | -3.78B | -3.46B | -4.23B | -5.03B | -5.45B | -6.03B | -6.51B | -5.98B | -5.94B |
| CapEx % of Revenue | 11.28% | 10.35% | 9.63% | 10.69% | 9.23% | 12.42% | 14.44% | 17.11% | 15.63% | - |
| Acquisitions | 0 | -23M | -1B | -131M | 249M | 239M | 0 | 0 | 0 | -28.94K |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 656M | 1.73B | -1.7B | -524M | -1.87B | -325M | -546.16M | -1.6B | -2.28B | -2.3B |
| Cash from Financing | -8.7B | -11.13B | -3.5B | -2.68B | -20.28B | -13.91B | -7.41B | -2.13B | 221.78M | -1.49B |
| Debt Issued (Net) | -7.02B | -6.62B | -2.48B | 532M | -1.21B | -1.25B | 1.28B | 2.29B | 3.26B | 2.46B |
| Equity Issued (Net) | 0 | -1B | 0 | 0 | -5.55B | -6.04B | -2.72B | -381.01M | 0 | -73.44M |
| Dividends Paid | -1.46B | -3.31B | 0 | -3.35B | -13.48B | -6.6B | -5.6B | -3.83B | -3.57B | -4.4B |
| Share Repurchases | 0 | -1B | 0 | 0 | -5.55B | -6.04B | -2.72B | -381.01M | 0 | -73.44M |
| Other Financing | -224M | -199M | -1.01B | 142M | -43M | -23M | -362.77M | -205.72M | 534.48M | 531.67M |
| Net Change in Cash | 66M▲ 0% | 1.46B▲ 2106.1% | 1.57B▲ 7.6% | 6.14B▲ 291.9% | -1.77B▼ 128.8% | -6.99B▼ 295.5% | -474.55M▲ 93.2% | 758.89M▲ 259.9% | 2.44B▲ 221.2% | 1.12B▲ 0% |
| Free Cash Flow | 8.62B▲ 0% | 9.12B▲ 5.8% | 8.65B▼ 5.2% | 10.1B▲ 16.8% | 20.65B▲ 104.5% | 6.04B▼ 70.7% | 7.36B▲ 21.9% | 2.88B▼ 60.8% | 3.06B▲ 6.1% | 3.35B▲ 0% |
| FCF Margin % | 25.37% | 24.93% | 24.03% | 25.53% | 37.88% | 13.78% | 17.62% | 7.58% | 8% | 8.48% |
| FCF Growth % | 494.41% | 5.78% | -5.17% | 16.76% | 104.52% | -70.75% | 21.91% | -60.83% | 6.1% | 207.65% |
| FCF per Share | 1.66 | 1.75 | 1.69 | 1.97 | 4.12 | 1.30 | 1.68 | 0.68 | 0.72 | 0.72 |
| FCF Conversion (FCF/Net Income) | 2.26x | 1.88x | -7.30x | 2.93x | 1.14x | 0.61x | 1.68x | 1.52x | 3.65x | 1.20x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
VALE Key Ratios
Vale S.A. (VALE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.64% | 15.09% | -3.96% | 13.23% | 64.01% | 51.71% | 20.42% | 16.36% | 7.16% | 7.22% |
| Return on Invested Capital (ROIC) | 12.43% | 14.67% | 5.18% | 20.11% | 49.68% | 29.05% | 20.87% | 15.97% | 17.72% | 17.72% |
| Gross Margin | 38.06% | 39.55% | 47.15% | 55.58% | 60.13% | 45.19% | 42.35% | 36.24% | 34.37% | 34.52% |
| Net Margin | 16.21% | 18.76% | -4.61% | 12.34% | 41.18% | 42.86% | 19.11% | 16.2% | 6.47% | 7.06% |
| Debt / Equity | 0.49x | 0.42x | 0.54x | 0.62x | 0.49x | 0.41x | 0.41x | 0.51x | 0.56x | 0.56x |
| Interest Coverage | 3.23x | 5.55x | 3.97x | 3.39x | 16.01x | 17.26x | 9.33x | 7.05x | 7.12x | 6.92x |
| FCF Conversion | 2.26x | 1.88x | -7.30x | 2.93x | 1.14x | 0.61x | 1.68x | 1.52x | 3.65x | 1.20x |
| Revenue Growth | 23.57% | 7.68% | -1.62% | 9.9% | 37.82% | -19.56% | -4.69% | -8.92% | 0.46% | 6.28% |
VALE Frequently Asked Questions
Vale S.A. (VALE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Vale S.A. (VALE) reported $39.53B in revenue for fiscal year 2025. This represents a 905% increase from $3.94B in 2000.
Vale S.A. (VALE) grew revenue by 0.5% over the past year. Growth has been modest.
Yes, Vale S.A. (VALE) is profitable, generating $2.79B in net income for fiscal year 2025 (6.5% net margin).
Dividend & Returns
Yes, Vale S.A. (VALE) pays a dividend with a yield of 5.25%. This makes it attractive for income-focused investors.
Vale S.A. (VALE) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.
Vale S.A. (VALE) generated $3.35B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More VALE
Vale S.A. (VALE) financial analysis — history, returns, DCA and operating performance tools
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