Vale S.A. (VALE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VALE Revenue Growth
Revenue Breakdown (FY 2025)
VALE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VALE Revenue Analysis (2014–2025)
As of May 6, 2026, Vale S.A. (VALE) generated trailing twelve-month (TTM) revenue of $39.53 billion, reflecting strong growth of +14.1% year-over-year. The most recent quarter (Q1 2026) recorded $9.26 billion in revenue, down 16.3% sequentially.
Looking at the longer-term picture, VALE's 5-year compound annual growth rate (CAGR) stands at -0.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $54.50 billion in 2021.
Revenue diversification analysis shows VALE's business is primarily driven by Iron Ore (86%), Copper (13%), and Other (1%). With over half of revenue concentrated in Iron Ore, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including RIO (-5.5% YoY), BHP (-6.9% YoY), and CLF (-3.0% YoY), VALE has outperformed the peer group in terms of revenue growth. Compare VALE vs RIO →
VALE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VALECurrent | $39.5B | +14.1% | -0.7% | 29.0% | |
 RIO | $53.7B | -5.5% | +4.4% | 29.2% | |
 BHP | $51.3B | -6.9% | +5.5% | 38.0% | |
 CLF | $18.6B | -3.0% | +28.3% | -7.5% | |
 MT | $61.4B | -1.7% | +2.9% | 5.9% | |
 NUE | $32.5B | +12.3% | +10.0% | 8.2% |
VALE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $38.23B | +0.5% | $13.14B | 34.4% | $11.08B | 29.0% |
| 2024 | $38.06B | -8.9% | $13.79B | 36.2% | $10.79B | 28.3% |
| 2023 | $41.78B | -4.7% | $17.70B | 42.3% | $14.21B | 34.0% |
| 2022 | $43.84B | -19.6% | $19.81B | 45.2% | $17.21B | 39.3% |
| 2021 | $54.50B | +37.8% | $32.77B | 60.1% | $27.69B | 50.8% |
| 2020 | $39.55B | +9.9% | $21.98B | 55.6% | $12.82B | 32.4% |
| 2019 | $35.98B | -1.6% | $16.97B | 47.2% | $3.83B | 10.6% |
| 2018 | $36.58B | +7.7% | $14.47B | 39.6% | $11.96B | 32.7% |
| 2017 | $33.97B | +23.6% | $12.93B | 38.1% | $10.93B | 32.2% |
| 2016 | $27.49B | +7.3% | $9.84B | 35.8% | $7.05B | 25.7% |
Full VALE Stock Analysis
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Start ComparisonVALE — Frequently Asked Questions
Quick answers to the most common questions about buying VALE stock.
Is VALE's revenue growth accelerating or slowing?
VALE maintains +14.1% revenue growth, in line with its 5-year CAGR of -0.7%. TTM revenue stands at $39.5B. Growth rate remains consistent with historical average.
What is VALE's long-term revenue growth rate?
Vale S.A.'s 5-year revenue CAGR of -0.7% reflects the sustained expansion pattern. Current YoY growth of +14.1% is near this long-term average.
How is VALE's revenue distributed by segment?
VALE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.