Vale S.A. VALE

Basic materials SIC 1000 - Metal Mining NAICS Mining, Quarrying, and Oil and Gas Extraction › Mining (except Oil and Gas) › Metal Ore Mining derived NYSE

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52-week range — - —

No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

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EV/EBITDA—
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Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $38.40B$38.06B$41.78B$43.84B$54.50B$39.55B$36.55B$36.58B$33.97B$27.49B
Operating income $5.90B$10.79B$14.21B$17.21B$27.69B$12.82B$3.89B$11.96B$10.93B$7.05B
Net income $1.98B$5.97B$8.11B$18.87B$22.47B$4.53B-$2.18B$6.90B$5.52B$3.98B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets $86.53B$80.15B$94.19B$86.89B$89.44B$92.01B$91.71B$88.19B$99.18B$99.01B
Total equity $34.35B$34.53B$40.98B$37.36B$35.31B$34.82B$38.99B$44.83B$44.77B$41.02B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001292814-26-001844.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B 60B Revenue, FY2016: 27.5B Net income, FY2016: 4B Revenue, FY2017: 34B Net income, FY2017: 5.5B Revenue, FY2018: 36.6B Net income, FY2018: 6.9B Revenue, FY2019: 36.5B Net income, FY2019: -2.2B Revenue, FY2020: 39.5B Net income, FY2020: 4.5B Revenue, FY2021: 54.5B Net income, FY2021: 22.5B Revenue, FY2022: 43.8B Net income, FY2022: 18.9B Revenue, FY2023: 41.8B Net income, FY2023: 8.1B Revenue, FY2024: 38.1B Net income, FY2024: 6B Revenue, FY2025: 38.4B Net income, FY2025: 2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $27.49B $33.97B $36.58B $36.55B $39.55B $54.50B $43.84B $41.78B $38.06B $38.40B
Gross profit — — — — — — — — — —
Net income $3.98B $5.52B $6.90B -$2.18B $4.53B $22.47B $18.87B $8.11B $5.97B $1.98B

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