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VALE S.A. American Depositary Shares Each Representing one common share (VALE) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

NYSE · DATA UPDATED 2026-09-10

VALE S.A. American Depositary Shares Each Representing one common share (VALE) operates in the NYSE industry and is headquartered in Rio De Janeiro, Brazil with about 65,805 employees. Its market capitalization is roughly $60 billion. In the fiscal year ended 2025-12-31, VALE reported BRL 38.2B in revenue and BRL 2.5B in net income.

Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals.

Interactive charts & full statements → Open the VALE valuation workbench →

VALE Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	BRL 41.2B	BRL 38.2B	BRL 38.1B	BRL 41.8B	BRL 43.8B	BRL 54.5B	BRL 39.5B	BRL 36.0B	BRL 36.6B	BRL 34.0B	BRL 27.5B	BRL 25.6B	BRL 38.2B	BRL 46.8B	BRL 47.7B	BRL 59.0B	BRL 45.3B	BRL 27.8B	BRL 37.4B	BRL 32.2B	BRL 19.7B
Gross Profit	BRL 14.1B	BRL 13.1B	BRL 13.8B	BRL 17.7B	BRL 19.8B	BRL 32.8B	BRL 22.0B	BRL 17.0B	BRL 14.5B	BRL 12.9B	BRL 9.8B	BRL 5.1B	BRL 12.5B	BRL 22.5B	BRL 21.2B	BRL 35.4B	BRL 26.5B	BRL 11.9B	BRL 19.8B	BRL 15.8B	BRL 9.5B
Gross Margin %	34.3%	34.4%	36.2%	42.4%	45.2%	60.1%	55.6%	47.1%	39.6%	38.1%	35.8%	19.9%	32.6%	48.2%	44.5%	60.0%	58.5%	42.8%	52.9%	48.9%	48.4%
Operating Income (EBIT)	BRL 11.7B	BRL 11.1B	BRL 10.8B	BRL 14.2B	BRL 17.2B	BRL 27.7B	BRL 12.8B	BRL 3.8B	BRL 12.0B	BRL 10.9B	BRL 7.1B	(BRL 6.1B)	BRL 7.2B	BRL 15.1B	BRL 9.3B	BRL 30.1B	BRL 21.7B	(BRL 7.6B)	BRL 14.7B	BRL 13.2B	BRL 7.6B
Operating Margin %	28.3%	29.0%	28.3%	34.0%	39.2%	50.8%	32.4%	10.6%	32.7%	32.2%	25.7%	-23.9%	18.8%	32.2%	19.6%	51.0%	47.9%	-27.2%	39.4%	40.9%	38.9%
Net Income	BRL 2.0B	BRL 2.5B	BRL 6.2B	BRL 8.0B	BRL 18.8B	BRL 22.4B	BRL 4.9B	(BRL 1.7B)	BRL 6.9B	BRL 5.5B	BRL 4.0B	(BRL 12.1B)	BRL 657M	BRL 584M	BRL 5.4B	BRL 22.9B	BRL 17.3B	BRL 5.9B	BRL 13.2B	BRL 11.8B	BRL 6.5B
Net Margin %	4.9%	6.5%	16.2%	19.1%	42.9%	41.2%	12.3%	-4.6%	18.8%	16.2%	14.5%	-47.4%	1.7%	1.2%	11.3%	38.8%	38.1%	21.1%	35.3%	36.7%	33.2%
EBITDA	BRL 14.7B	BRL 9.4B	BRL 11.1B	BRL 15.6B	BRL 23.7B	BRL 34.1B	BRL 12.6B	BRL 17.9B	BRL 12.5B	BRL 14.3B	BRL 10.9B	(BRL 14.7B)	BRL 13.7B	BRL 19.2B	BRL 18.6B	BRL 33.4B	BRL 26.2B	BRL 11.4B	BRL 17.8B	BRL 16.3B	BRL 10.2B
Earnings Per Share (EPS)	BRL 0.47	BRL 0.58	BRL 1.44	BRL 1.83	BRL 4.05	BRL 4.48	BRL 0.95	BRL -0.32	BRL 1.32	BRL 1.06	BRL 0.77	BRL -2.33	BRL 0.13	BRL 0.11	BRL 1.05	BRL 4.36	BRL 3.29	BRL 1.10	BRL 2.61	BRL 2.42	BRL 1.35
Shares Outstanding (M)	4,266M	4,275M	4,269M	4,370M	4,642M	5,012M	5,130M	5,128M	5,197M	5,197M	5,197M	5,197M	5,153M	5,153M	5,106M	5,247M	5,246M	5,365M	5,062M	4,885M	4,852M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VALE Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	BRL 10.5B	BRL 9.3B	BRL 11.1B	BRL 10.4B	BRL 8.8B	BRL 8.1B	BRL 9.6B	BRL 9.6B
Gross Profit	BRL 3.2B	BRL 3.1B	BRL 4.1B	BRL 3.8B	BRL 2.7B	BRL 2.7B	BRL 3.7B	BRL 3.3B
Gross Margin %	30.7%	33.0%	36.9%	36.4%	30.9%	32.9%	38.1%	34.2%
Operating Income (EBIT)	BRL 2.7B	BRL 2.7B	BRL 2.9B	BRL 3.4B	BRL 2.0B	BRL 1.8B	BRL 991M	BRL 3.7B
Operating Margin %	25.5%	28.8%	26.3%	32.8%	22.8%	22.2%	10.3%	38.5%
Net Income	BRL 1.4B	BRL 1.9B	(BRL 3.9B)	BRL 2.7B	BRL 2.1B	BRL 1.4B	(BRL 756M)	BRL 2.4B
Net Margin %	12.9%	20.4%	-35.3%	25.8%	24.1%	17.2%	-7.9%	25.2%
EBITDA	BRL 3.5B	BRL 3.7B	BRL 3.9B	BRL 3.7B	BRL 3.3B	BRL 3.0B	BRL 3.4B	BRL 3.7B
Earnings Per Share (EPS)	BRL 0.32	BRL 0.44	BRL -0.91	BRL 0.63	BRL 0.50	BRL 0.33	BRL -0.18	BRL 0.56
Shares Outstanding (M)	4,266M	4,275M	4,269M	4,275M	4,274M	4,274M	4,269M	4,275M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VALE Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	BRL 9.9B	BRL 9.0B	BRL 9.4B	BRL 13.4B	BRL 11.5B	BRL 25.7B	BRL 14.3B	BRL 12.1B	BRL 12.9B	BRL 12.4B	BRL 6.4B	BRL 3.9B	BRL 13.1B	BRL 14.8B	BRL 16.1B	BRL 23.5B	BRL 19.2B	BRL 7.1B	BRL 17.1B	BRL 11.0B	BRL 7.2B
Capital Expenditures (CapEx)	BRL 6.0B	BRL 6.0B	BRL 6.5B	BRL 6.0B	BRL 5.4B	BRL 5.0B	BRL 4.4B	BRL 3.5B	BRL 3.8B	BRL 3.8B	BRL 5.0B	BRL 8.1B	BRL 11.8B	BRL 13.1B	BRL 15.3B	BRL 15.9B	BRL 12.6B	BRL 8.1B	BRL 9.0B	BRL 6.7B	BRL 4.4B
Free Cash Flow (FCF)	BRL 3.9B	BRL 3.1B	BRL 2.9B	BRL 7.4B	BRL 6.0B	BRL 20.6B	BRL 9.9B	BRL 8.6B	BRL 9.1B	BRL 8.6B	BRL 1.4B	(BRL 4.2B)	BRL 1.3B	BRL 1.7B	BRL 813M	BRL 7.6B	BRL 6.5B	(BRL 960M)	BRL 8.1B	BRL 4.4B	BRL 2.8B
FCF Margin %	9.4%	8.0%	7.6%	17.6%	13.8%	37.9%	25.0%	24.0%	24.9%	25.4%	5.3%	-16.3%	3.5%	3.6%	1.7%	12.9%	14.4%	-3.5%	21.8%	13.5%	14.2%
Dividends Paid	BRL 4.5B	BRL 3.6B	BRL 3.8B	BRL 5.6B	BRL 6.6B	BRL 13.5B	BRL 3.4B	BRL 353M	BRL 3.3B	BRL 1.5B	BRL 250M	BRL 1.5B	BRL 4.2B	BRL 4.5B	BRL 6.0B	BRL 9.0B	BRL 3.0B	BRL 2.7B	BRL 2.9B	BRL 1.9B	BRL 1.3B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VALE Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	BRL 2.5B	BRL 1.9B	BRL 2.9B	BRL 2.6B	BRL 1.9B	BRL 1.7B	BRL 2.9B	BRL 1.6B
Capital Expenditures (CapEx)	BRL 1.3B	BRL 1.2B	BRL 2.2B	BRL 1.4B	BRL 1.2B	BRL 1.3B	BRL 2.3B	BRL 1.4B
Free Cash Flow (FCF)	BRL 1.2B	BRL 700M	BRL 723M	BRL 1.2B	BRL 732M	BRL 424M	BRL 586M	BRL 197M
FCF Margin %	11.8%	7.6%	6.5%	11.5%	8.3%	5.2%	6.1%	2.1%
Dividends Paid	BRL 76M	BRL 2.8B	BRL 133M	BRL 1.5B	BRL 28M	BRL 1.9B	BRL 52M	BRL 1.6B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VALE Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	BRL 89.3B	BRL 86.9B	BRL 80.3B	BRL 93.9B	BRL 86.9B	BRL 89.4B	BRL 92.0B	BRL 91.7B	BRL 88.2B	BRL 99.2B	BRL 99.0B	BRL 88.5B	BRL 116.5B	BRL 124.6B	BRL 130.6B	BRL 128.7B	BRL 129.1B	BRL 100.7B	BRL 79.9B	BRL 76.7B	BRL 61.0B
Cash & Cash Equivalents	BRL 5.6B	BRL 7.4B	BRL 5.0B	BRL 3.6B	BRL 4.7B	BRL 11.7B	BRL 13.5B	BRL 7.3B	BRL 5.8B	BRL 4.3B	BRL 4.3B	BRL 3.6B	BRL 4.0B	BRL 5.3B	BRL 5.8B	BRL 3.5B	BRL 7.6B	BRL 7.6B	BRL 10.3B	BRL 1.0B	BRL 4.4B
Total Liabilities	BRL 50.4B	BRL 52.4B	BRL 45.7B	BRL 53.0B	BRL 49.5B	BRL 54.1B	BRL 57.2B	BRL 52.7B	BRL 43.4B	BRL 54.4B	BRL 58.0B	BRL 52.8B	BRL 60.2B	BRL 59.7B	BRL 54.5B	BRL 48.6B	BRL 56.7B	BRL 42.5B	BRL 34.9B	BRL 40.9B	BRL 38.5B
Total Debt (Short + Long-Term)	BRL 21.5B	BRL 21.3B	BRL 17.1B	BRL 15.5B	BRL 15.4B	BRL 12.4B	BRL 19.2B	BRL 15.2B	BRL 17.6B	BRL 23.5B	BRL 30.1B	BRL 105.9B	BRL 30.8B	BRL 31.2B	BRL 32.1B	BRL 25.8B	BRL 27.0B	BRL 24.5B	BRL 19.1B	BRL 19.7B	BRL 23.0B
Total Shareholders' Equity	BRL 38.0B	BRL 33.6B	BRL 33.4B	BRL 39.3B	BRL 35.9B	BRL 34.5B	BRL 35.7B	BRL 39.0B	BRL 44.8B	BRL 44.8B	BRL 41.0B	BRL 35.7B	BRL 54.7B	BRL 63.3B	BRL 74.6B	BRL 77.7B	BRL 68.9B	BRL 54.9B	BRL 42.6B	BRL 33.3B	BRL 19.7B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive VALE viewer.

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