Vale S.A. (VALE)
NYSE: VALE · Real-Time Price · USD
15.90
-0.75 (-4.50%)
At close: Feb 17, 2026, 4:00 PM EST
15.81
-0.09 (-0.57%)
After-hours: Feb 17, 2026, 7:50 PM EST
Vale S.A. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 38,403 | 33,308 | 42,880 | 42,846 | 52,681 | |
Revenue Growth (YoY) | 15.30% | -22.32% | 0.08% | -18.67% | 32.75% |
Cost of Revenue | 24,947 | 21,232 | 24,734 | 23,492 | 21,047 |
Gross Profit | 13,456 | 12,076 | 18,146 | 19,353 | 31,634 |
Selling, General & Admin | 641 | 549.24 | 568.39 | 502.78 | 466.82 |
Research & Development | 693 | 696.37 | 741.5 | 645.22 | 531.97 |
Other Operating Expenses | 1,358 | 1,076 | 1,326 | 1,538 | 2,858 |
Operating Expenses | 2,960 | 2,676 | 3,099 | 3,152 | 4,479 |
Operating Income | 10,496 | 9,400 | 15,047 | 16,201 | 27,156 |
Interest Expense | -1,655 | -1,124 | -1,350 | -812.62 | -1,413 |
Interest & Investment Income | 501 | 287.15 | 318.82 | 429.77 | 219.32 |
Earnings From Equity Investments | -218 | -253.84 | -1,120 | 305.68 | -1,247 |
Currency Exchange Gain (Loss) | 803 | -1,245 | -1,687 | 578.44 | 4,502 |
Other Non Operating Income (Expenses) | -675 | -1,307 | 736.76 | 2,064 | -146.27 |
EBT Excluding Unusual Items | 9,252 | 5,757 | 11,946 | 18,766 | 29,071 |
Merger & Restructuring Charges | - | - | - | - | -8.79 |
Gain (Loss) on Sale of Investments | - | 2,019 | - | - | - |
Gain (Loss) on Sale of Assets | - | -635.9 | -271.42 | - | -192.22 |
Asset Writedown | -4,599 | -1,917 | - | 725.04 | -104.64 |
Legal Settlements | - | -271.79 | -234.53 | -150 | -95.3 |
Other Unusual Items | - | 572.36 | -21.85 | -107.44 | -106.25 |
Pretax Income | 4,653 | 5,533 | 11,449 | 19,238 | 28,563 |
Income Tax Expense | 2,670 | 613.27 | 3,091 | 2,872 | 4,544 |
Earnings From Continuing Operations | 1,983 | 4,920 | 8,358 | 16,366 | 24,019 |
Earnings From Discontinued Operations | - | - | - | 1,857 | -2,241 |
Net Income to Company | 1,983 | 4,920 | 8,358 | 18,223 | 21,778 |
Minority Interest in Earnings | 369 | 187.72 | -126.54 | -78.12 | -20.64 |
Net Income | 2,352 | 5,108 | 8,231 | 18,145 | 21,758 |
Net Income to Common | 2,352 | 5,108 | 8,231 | 18,145 | 21,758 |
Net Income Growth | -53.95% | -37.94% | -54.64% | -16.61% | 322.99% |
Shares Outstanding (Basic) | 4,276 | 4,275 | 4,366 | 4,638 | 5,012 |
Shares Outstanding (Diluted) | 4,276 | 4,280 | 4,370 | 4,642 | 5,017 |
Shares Change (YoY) | -0.08% | -2.06% | -5.87% | -7.46% | -2.20% |
EPS (Basic) | 0.55 | 1.19 | 1.89 | 3.91 | 4.34 |
EPS (Diluted) | 0.55 | 1.19 | 1.89 | 3.91 | 4.34 |
EPS Growth | -53.91% | -36.71% | -51.81% | -9.85% | 332.78% |
Free Cash Flow | 2,795 | 2,442 | 7,514 | 5,678 | 19,647 |
Free Cash Flow Per Share | 0.65 | 0.57 | 1.72 | 1.22 | 3.92 |
Dividend Per Share | - | 0.769 | 1.440 | 1.076 | 2.529 |
Dividend Growth | - | -46.61% | 33.80% | -57.45% | 96.97% |
Gross Margin | 35.04% | 36.25% | 42.32% | 45.17% | 60.05% |
Operating Margin | 27.33% | 28.22% | 35.09% | 37.81% | 51.55% |
Profit Margin | 6.13% | 15.34% | 19.20% | 42.35% | 41.30% |
Free Cash Flow Margin | 7.28% | 7.33% | 17.52% | 13.25% | 37.29% |
EBITDA | 13,601 | 11,861 | 17,962 | 19,300 | 30,095 |
EBITDA Margin | 35.42% | 35.61% | 41.89% | 45.05% | 57.13% |
D&A For EBITDA | 3,105 | 2,461 | 2,915 | 3,100 | 2,940 |
EBIT | 10,496 | 9,400 | 15,047 | 16,201 | 27,156 |
EBIT Margin | 27.33% | 28.22% | 35.09% | 37.81% | 51.55% |
Effective Tax Rate | 57.38% | 11.08% | 27.00% | 14.93% | 15.91% |
Advertising Expenses | - | 18.76 | 26.38 | 21.56 | 26.02 |
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.