Vale revenue and financials
Secondary listing. The primary listing is Vale · B3 (BRL)
$14.09Change from previous close: −0.42%Absolute change: −$0.06
In the fiscal year ended December 2025, Vale reported revenue of $38.4B (+0.91% year over year). Net income was $2.35B, a net margin of 6.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +0.91%
- 2025 vs 2024
- Net income growth
- −61.86%
- 2025 vs 2024
- Net margin
- 6.1%
- 2024: 16.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 86,525 | 80,152 | 94,186 | 86,894 | 89,442 | 92,007 | 91,713 | 88,190 | 99,184 | 99,014 |
| Current assets | 18,291 | 13,481 | 18,700 | 15,526 | 22,360 | 24,403 | 17,042 | 15,292 | 18,954 | 22,567 |
| Cash and equivalents | 7,372 | 4,953 | 3,609 | 4,736 | 11,721 | 13,487 | 7,350 | 5,784 | 5,784 | 4,328 |
| Short-term investments | 194 | 53.0 | 51.0 | 61.0 | 1,028 | — | — | — | — | — |
| Receivables | 20,919 | 21,411 | 24,672 | 29,176 | 26,649 | — | — | — | — | — |
| Inventory | 32,666 | 28,513 | 22,679 | 23,386 | 24,429 | — | — | — | — | — |
| Net property, plant and equipment | 240,040 | 247,594 | 234,302 | 234,472 | 233,995 | — | — | — | — | — |
| Goodwill | 7,136 | 18,811 | 15,799 | 16,643 | 3,208 | — | — | — | — | — |
| Other intangible assets | 42,125 | 46,294 | 40,510 | 36,778 | 32,382 | — | — | — | — | — |
| Long-term investments | 27,674 | 28,158 | 9,061 | 9,417 | 9,804 | — | — | — | — | — |
| Current liabilities | 15,870 | 13,090 | 14,655 | 13,891 | 15,198 | 14,594 | 13,845 | 9,111 | 13,114 | 11,232 |
| Accounts payable | 30,621 | 26,217 | 25,523 | 23,278 | 19,393 | — | — | — | — | — |
| Long-term debt | 109,335 | 99,009 | 70,301 | 12,712 | 13,782 | 15,027 | 13,056 | 15,466 | 22,489 | 29,322 |
| Total debt | 21,801 | 17,722 | 16,797 | 15,437 | — | — | — | — | — | — |
| Total liabilities | 52,175 | 45,624 | 53,205 | 49,536 | 54,136 | 57,186 | 52,720 | 43,358 | 54,412 | 57,990 |
| Total equity (incl. minority) | 188,926 | 213,720 | 198,325 | 194,894 | 197,058 | — | — | — | — | — |
| Retained earnings | 96,179 | 114,889 | 106,181 | 108,213 | 87,621 | — | — | — | — | — |
| Minority interest | 4,627 | 6,948 | 7,360 | 7,782 | 4,655 | — | — | — | — | — |