Vale S.A. (VALE)
NYSE: VALE · Real-Time Price · USD
11.50
-0.47 (-3.93%)
Nov 10, 2026, 11:01 AM EST - Market open
Vale S.A. Income Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
| 215,830 | 213,595 | 206,005 | 208,066 | 226,508 | 293,524 | |
Revenue Growth | 1.18% | 3.68% | -0.99% | -8.14% | -22.83% | 42.42% |
Cost of Revenue | 146,632 | 138,887 | 131,318 | 120,016 | 124,195 | 117,267 |
Gross Profit | 69,198 | 74,708 | 74,687 | 88,050 | 102,313 | 176,257 |
Selling, General & Admin | 3,623 | 3,566 | 3,397 | 2,758 | 2,658 | 2,601 |
Research & Development | 157 | - | - | - | 3,411 | 2,964 |
Other Operating Expenses | 12,797 | 10,567 | 13,241 | 7,921 | 8,131 | 15,922 |
Operating Expenses | 16,585 | 14,133 | 16,638 | 10,679 | 16,666 | 24,954 |
Operating Income | 52,613 | 60,575 | 58,049 | 77,371 | 85,647 | 151,303 |
Interest Expense | -15,539 | -15,349 | -14,753 | -14,885 | -4,296 | -7,875 |
Interest & Investment Income | 2,189 | 2,409 | 1,776 | 1,547 | 2,272 | 1,222 |
Earnings From Equity Investments | -2,341 | -1,170 | -1,570 | -5,434 | 1,616 | -6,947 |
Currency Exchange Gain (Loss) | -1,500 | - | - | - | 3,058 | 25,085 |
Other Non Operating Income (Expenses) | 8,041 | 7,998 | -7,983 | 3,726 | 10,912 | -815 |
EBT Excluding Unusual Items | 43,463 | 54,463 | 35,519 | 62,325 | 99,209 | 161,973 |
Merger & Restructuring Charges | - | - | - | - | - | -49 |
Gain (Loss) on Sale of Assets | -25,147 | -25,147 | 510 | -1,317 | - | -1,071 |
Asset Writedown | 2,409 | - | - | - | 3,833 | -583 |
Legal Settlements | 321 | - | - | - | -793 | -531 |
Other Unusual Items | -2,986 | -2,623 | -1,805 | -5,454 | -568 | -592 |
Pretax Income | 18,060 | 26,693 | 34,224 | 55,554 | 101,704 | 159,147 |
Income Tax Expense | 17,504 | 14,882 | 3,793 | 15,000 | 15,185 | 25,320 |
Earnings From Continuing Operations | 556 | 11,811 | 30,431 | 40,554 | 86,519 | 133,827 |
Earnings From Discontinued Operations | - | - | - | - | 9,818 | -12,484 |
Net Income to Company | 556 | 11,811 | 30,431 | 40,554 | 96,337 | 121,343 |
Minority Interest in Earnings | 1,632 | 2,003 | 1,161 | -614 | -413 | -115 |
Net Income | 2,188 | 13,814 | 31,592 | 39,940 | 95,924 | 121,228 |
Net Income to Common | 2,188 | 13,814 | 31,592 | 39,940 | 95,924 | 121,228 |
Net Income Growth | -92.75% | -56.27% | -20.90% | -58.36% | -20.87% | 353.82% |
Shares Outstanding (Basic) | 4,263 | 4,269 | 4,275 | 4,366 | 4,638 | 5,012 |
Shares Outstanding (Diluted) | 4,269 | 4,275 | 4,280 | 4,370 | 4,642 | 5,017 |
Shares Change | -0.12% | -0.12% | -2.06% | -5.87% | -7.46% | -2.20% |
EPS (Basic) | 0.51 | 3.24 | 7.39 | 9.15 | 20.68 | 24.19 |
EPS (Diluted) | 0.50 | 3.23 | 7.38 | 9.15 | 20.68 | 24.18 |
EPS Growth | -92.89% | -56.23% | -19.32% | -55.77% | -14.46% | 364.32% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 18,058 | 15,375 | 15,101 | 36,459 | 30,017 | 109,465 |
Free Cash Flow Per Share | 4.23 | 3.60 | 3.53 | 8.34 | 6.47 | 21.82 |
Dividend Per Share | 5.613 | 5.477 | 4.757 | 6.987 | 5.691 | 14.094 |
Dividend Growth | 23.14% | 15.13% | -31.92% | 22.78% | -59.62% | 111.33% |
Gross Margin | 32.06% | 34.98% | 36.25% | 42.32% | 45.17% | 60.05% |
Operating Margin | 24.38% | 28.36% | 28.18% | 37.19% | 37.81% | 51.55% |
Profit Margin | 1.01% | 6.47% | 15.34% | 19.20% | 42.35% | 41.30% |
Free Cash Flow Margin | 8.37% | 7.20% | 7.33% | 17.52% | 13.25% | 37.29% |
EBITDA | 70,050 | 76,864 | 73,268 | 92,671 | 102,033 | 167,682 |
EBITDA Margin | 32.46% | 35.99% | 35.57% | 44.54% | 45.05% | 57.13% |
D&A For EBITDA | 17,437 | 16,289 | 15,219 | 15,300 | 16,386 | 16,379 |
EBIT | 52,613 | 60,575 | 58,049 | 77,371 | 85,647 | 151,303 |
EBIT Margin | 24.38% | 28.36% | 28.18% | 37.19% | 37.81% | 51.55% |
Effective Tax Rate | 96.92% | 55.75% | 11.08% | 27.00% | 14.93% | 15.91% |
Advertising Expenses | - | - | - | - | 114 | 145 |