Vale S.A. (VALE)
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. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous products, and by-products, including gold, silver, cobalt, platinum-group metals, and other base metals, as well as low-carbon critical minerals. The company also operates logistics systems and distribution centers, such as mining complexes, railways, and maritime terminals, ports, and ships; generates energy from hydroelectric, solar, and wind sources; and engages in greenfield mineral exploration. In addition, it is involved in research; and trading activities. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio De Janeiro, Brazil.
- Symbol
- VALE
- Exchange
- NYSE
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
- Market cap
- $63.77B
- 52 week range
- 10.58 - 17.94
Valuation
- Share price
- $13.82 (close of 2026-09-23)
Price performance
| Period | Change |
|---|
| 1 day | -2.33% |
| 5 days | -4.49% |
| 1 month | -5.28% |
| 3 months | -9.73% |
| 6 months | -6.56% |
| Year to date | +6.06% |
| 1 year | +26.21% |
| 3 years | +0.51% |
| 5 years | -6.75% |
| 10 years | +154.98% |
| All time | +514.22% |
Profitability and growth
- Return on equity
- 6.85%
- Return on invested capital
- 6.62%
- Return on assets
- 2.72%
- Return on capital employed
- 8.35%
- Gross margin
- 35.04%
- Net margin
- 6.12%
- EBITDA margin
- 22.95%
- Revenue growth
- 0.91%
- Net income growth
- -61.86%
- Free cash flow growth
- 0.00%
Cash flow and balance sheet
- Current ratio
- 1.22x
- Net debt to EBITDA
- 1.03x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $38.40B
- Cost of revenue
- $24.95B
- Gross profit
- $13.46B
- EBITDA
- $8.81B
- Net income
- $2.35B
- Research and development
- $693.00M
- Interest expense
- $1.65B
Income statement by year
| Period end | Revenue | Gross profit | Net income |
|---|
| 2025-12-31 | $38.40B | $13.46B | $2.35B |
| 2024-12-31 | $38.06B | $13.79B | $6.17B |
| 2023-12-31 | $41.78B | $17.70B | $7.98B |
| 2022-12-31 | $43.84B | $19.81B | $18.79B |
| 2021-12-31 | $54.50B | $32.77B | $22.45B |
| 2020-12-31 | $39.55B | $21.98B | $4.88B |
| 2019-12-31 | $36.55B | $17.24B | $-1.68B |
| 2018-12-31 | $36.58B | $14.47B | $6.86B |
| 2017-12-31 | $33.97B | $12.93B | $5.51B |
| 2016-12-31 | $27.49B | $9.84B | $3.98B |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 35.04% | 6.12% | 6.85% | 6.62% |
| 2024-12-31 | 36.24% | 16.20% | 17.86% | 21.28% |
| 2023-12-31 | 42.35% | 19.11% | 19.48% | 20.60% |
| 2022-12-31 | 45.19% | 42.86% | 50.29% | 29.62% |
| 2021-12-31 | 60.13% | 41.18% | 63.57% | 66.20% |
| 2020-12-31 | 55.58% | 12.34% | 14.02% | 35.76% |
| 2019-12-31 | 47.16% | -4.60% | -4.32% | 8.60% |
| 2018-12-31 | 39.55% | 18.76% | 15.30% | 22.34% |
| 2017-12-31 | 38.06% | 16.21% | 12.30% | 15.78% |
| 2016-12-31 | 35.79% | 14.49% | 9.71% | 6.64% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $7.37B | - |
| 2024-12-31 | $4.95B | - |
| 2023-12-31 | $3.61B | - |
| 2022-12-31 | $4.74B | - |
| 2021-12-31 | $11.72B | $11.15B |
| 2020-12-31 | $13.49B | $12.47B |
| 2019-12-31 | $7.35B | $11.84B |
| 2018-12-31 | $5.78B | $14.46B |
| 2017-12-31 | $5.78B | $20.79B |
| 2016-12-31 | $4.33B | $27.66B |
Free cash flow by year
| Period end | Free cash flow |
|---|
| 2021-12-31 | $21.64B |
| 2020-12-31 | $10.62B |
| 2019-12-31 | $9.19B |
| 2018-12-31 | $10.01B |
| 2017-12-31 | $8.62B |
| 2016-12-31 | $1.45B |
| 2015-12-31 | $-4.18B |
| 2012-12-31 | $818.00M |
| 2011-12-31 | $8.42B |
| 2010-12-31 | $6.54B |
Dividend history
- Most recent payment
- 2026-08-13
- Paid in the last twelve months
- $1.07
| Payment date | Dividend per share |
|---|
| 2026-08-13 | $0.40 |
| 2025-12-12 | $0.67 |
| 2025-08-13 | $0.35 |
| 2025-03-10 | $0.37 |
| 2024-12-12 | $0.09 |
| 2024-08-05 | $0.37 |
| 2024-03-12 | $0.54 |
| 2023-11-22 | $0.47 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $0.57
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $0.41 |
| 2026-04-28 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-04-24 | - | - |
| 2025-02-19 | - | - |
| 2024-10-24 | - | - |
| 2024-07-25 | - | - |
Filings and sources
- Company website
- vale.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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