Vale revenue and financials

VALE · NYSE · USD

Secondary listing. The primary listing is Vale · B3 (BRL)

$14.12−0.21%−$0.03

Close · October 6, 2026

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%.

Annual revenue · 2025: $38.4B

$27.49B2016
$33.97B2017
$36.58B2018
$36.55B2019
$39.55B2020
$54.5B2021
$43.84B2022
$41.78B2023
$38.06B2024
$38.4B2025

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 BRL; per-share values in BRL; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	462,161	457,173	476,094	484,953	493,226	479,072	496,325	484,258	481,483	458,033	455,984	445,621
Current assets	91,411	87,427	100,645	87,682	95,964	84,342	83,476	75,183	82,438	87,571	90,529	73,474
Cash and equivalents	28,871	26,540	40,563	31,391	30,093	22,710	30,671	25,039	36,018	18,935	17,474	19,864
Short-term investments	—	194	194	815	182	43.0	—	—	—	—	—	—
Receivables	22,423	19,617	20,919	19,881	19,976	18,587	21,411	20,238	16,630	15,353	24,672	23,550
Inventory	32,424	32,020	32,666	29,607	28,606	28,246	28,513	26,944	26,646	25,956	22,679	25,609
Net property, plant and equipment	240,188	238,351	240,040	240,912	241,714	240,790	247,594	250,992	247,826	237,584	234,302	239,112
Goodwill	7,136	1,367	7,136	16,216	16,653	16,646	18,811	18,137	16,737	15,906	15,799	16,262
Other intangible assets	41,633	48,863	42,125	41,944	41,850	41,820	46,294	44,738	39,936	40,342	40,510	36,733
Long-term investments	27,248	27,243	27,674	27,740	26,108	26,560	28,158	22,322	20,910	9,682	9,278	9,782
Current liabilities	76,703	70,512	87,320	70,860	78,962	75,996	81,055	82,665	76,389	78,325	70,948	68,322
Accounts payable	32,113	28,657	30,621	30,054	29,762	25,282	26,217	29,164	26,513	27,710	25,523	27,955
Long-term debt	101,067	105,494	109,335	106,596	103,224	98,519	99,009	81,638	85,110	72,857	70,301	71,018
Total debt	—	22,195	21,801	21,212	20,299	18,546	—	—	—	—	—	—
Total liabilities	260,694	261,258	287,168	260,220	272,261	270,355	282,605	267,982	268,177	263,197	257,659	247,954
Total equity (incl. minority)	201,467	195,915	188,926	224,733	220,965	208,717	213,720	216,276	213,306	194,836	198,325	197,667
Retained earnings	105,512	99,165	96,179	132,517	125,991	113,910	114,889	121,788	117,342	102,750	106,181	104,232
Minority interest	4,832	4,699	4,627	6,606	6,790	6,635	6,948	7,721	7,855	7,625	7,360	7,495