Vale S.A. (VALE) Earnings History
Annual and quarterly earnings data from 2000 to 2025
Loading earnings history...
VALE EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
VALE Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 34.4% | 29.0% | 6.5% |
| 2024 | 36.2% | 28.3% | 16.2% |
| 2023 | 42.3% | 34.0% | 19.1% |
| 2022 | 45.2% | 39.3% | 42.9% |
| 2021 | 60.1% | 50.8% | 41.2% |
Download Data
Export VALE earnings history in CSV or JSON format
Free sign-in required to download data
Vale S.A. (VALE) Earnings Overview
As of May 6, 2026, Vale S.A. (VALE) reported trailing twelve-month net income of $2.79B, reflecting -57.7% year-over-year growth. The company earned $0.65 per diluted share over the past four quarters, with a net profit margin of 6.5%.
Looking at the long-term picture, VALE's 5-year EPS compound annual growth rate (CAGR) stands at -10.5%, signaling declining earnings. The company achieved its highest annual net income of $22.89B in fiscal 2011.
Vale S.A. maintains positive profitability with a gross margin of 34.4%, operating margin of 29.0%, and net margin of 6.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including RIO ($20.96B net income, 21.5% margin), BHP ($21.64B net income, 17.6% margin), CLF (-$1.48B net income, -7.9% margin), VALE has room to improve margins relative to the peer group. Compare VALE vs RIO →
VALE Earnings vs Peers
Earnings metrics vs comparable public companies
VALE Historical Earnings Data (2000–2025)
26 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.47B | -59.9% | $11.08B | $0.58 | 6.5% | 29.0% |
| 2024 | $6.17B | -22.8% | $10.79B | $1.37 | 16.2% | 28.3% |
| 2023 | $7.98B | -57.5% | $14.21B | $1.83 | 19.1% | 34.0% |
| 2022 | $18.79B | -16.3% | $17.21B | $4.05 | 42.9% | 39.3% |
| 2021 | $22.45B | +359.8% | $27.69B | $4.48 | 41.2% | 50.8% |
| 2020 | $4.88B | +394.0% | $12.82B | $1.01 | 12.3% | 32.4% |
| 2019 | -$1.66B | -124.2% | $3.83B | $-0.43 | -4.6% | 10.6% |
| 2018 | $6.86B | +24.6% | $11.96B | $1.32 | 18.8% | 32.7% |
| 2017 | $5.51B | +38.3% | $10.93B | $1.05 | 16.2% | 32.2% |
| 2016 | $3.98B | +132.8% | $7.05B | $0.77 | 14.5% | 25.7% |
Full VALE Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See VALE's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs VALE Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare VALE vs LIN
Side-by-side business, growth, and profitability comparison vs Linde plc.
Start ComparisonVALE — Frequently Asked Questions
Quick answers to the most common questions about buying VALE stock.
Is VALE growing earnings?
VALE EPS fell to $0.65, with earnings declining -57.7%. This contrasts with the 5-year CAGR of -10.5%. TTM net income dropped to $2.8B.
What are VALE's profit margins?
Vale S.A. net margin is +6.5%, with operating margin at +29.0%. Margins sit within typical range for the sector.
How consistent are VALE's earnings?
VALE earnings data spans 2000-2025. The declining earnings trend is -57.7% YoY. Historical data enables comparison across business cycles.