Fundies.
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Vale S.A.

EDGAR
VALE Report (type unavailable) · filed 2026-10-02

Annual consolidated revenue for 2025: about USD 38.4B, using the latest reported figures. The previous period, 2024, was about USD 38.06B.

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Watchlist

Latest fiscal year

Revenue

38.4 billion USD

2025 · USD

Exact inputs and evidence
  • Revenue: 38403000000 USD Source

Operating margin

15.36%

2025 · %

Exact inputs and evidence
  • Operating Income: 5897000000 USD Source
  • Revenue: 38403000000 USD Source
Cash and cash equivalents
7.37 billion USD Source
Exact value

7372000000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-02.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2021-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2017-12-31
  • Total assets: 5 of 11 periods available· newest 2025-12-31
  • Total liabilities: 5 of 11 periods available· newest 2025-12-31
  • Current assets: 5 of 11 periods available· newest 2025-12-31
  • Current liabilities: 5 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +0.9%

    Prior period

    USD 38.06 billion

    –

    Current period

    USD 38.4 billion

    –

    Exact inputs and evidence

    38403000000 − 38056000000 = 347000000 USD

    38056000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    38403000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -61.9%

    Prior period

    USD 6.17 billion

    –

    Current period

    USD 2.35 billion

    –

    Exact inputs and evidence

    2352000000 − 6166000000 = -3814000000 USD

    6166000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2352000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Operating cash flow, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 38.4 billion 100% of revenue
  • Cost of revenue USD 24.95 billion 65% of revenue
  • Operating expenses USD 1.33 billion 3.5% of revenue
  • Other operating costs Derived USD 6.23 billion 16% of revenue
  • Operating income USD 5.9 billion 15% of revenue
  • Tax, interest and other Derived USD 3.55 billion 9.2% of revenue
  • Net income USD 2.35 billion 6.1% of revenue

Cash

  • Operating cash flow Unavailable An input is unavailable.
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 12%20%68%
  • 2021 41%9.6%49%
  • 2022 Net income was higher than operating income, so the split is not drawn.
  • 2023 19%15%66%
  • 2024 16%12%72%
  • 2025 9.2%85%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-3139545000000 26722000000 Derived 12823000000 7942000000 Derived 4881000000 Unavailable
Source
2021 2021-01-01 – 2021-12-3154502000000 26809000000 Derived 27693000000 5248000000 Derived 22445000000 Unavailable
Source
2022 2022-01-01 – 2022-12-3143839000000 26631000000 Derived 17208000000 -1580000000 Derived 18788000000 Unavailable
Source
2023 2023-01-01 – 2023-12-3141784000000 27579000000 Derived 14205000000 6222000000 Derived 7983000000 Unavailable
Source
2024 2024-01-01 – 2024-12-3138056000000 27268000000 Derived 10788000000 4622000000 Derived 6166000000 Unavailable
Source
2025 2025-01-01 – 2025-12-3138403000000 32506000000 Derived 5897000000 3545000000 Derived 2352000000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 38.4B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.58.9B44.1B29.4B14.7B0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue39545000000
2021Revenue54502000000
2022Revenue43839000000
2023Revenue41784000000
2024Revenue38056000000
2025Revenue38403000000

Revenue growth

Change in revenue from the same financial period one year earlier.

0.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.42%26%9%-8%-24%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year37.8%
2022Year over year-19.6%
2023Year over year-4.7%
2024Year over year-8.9%
2025Year over year0.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 15.4% 2025
Net margin 6.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%41%27%14%0%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin32.4%
2021Operating margin50.8%
2022Operating margin39.3%
2023Operating margin34%
2024Operating margin28.3%
2025Operating margin15.4%
2020Net margin12.3%
2021Net margin41.2%
2022Net margin42.9%
2023Net margin19.1%
2024Net margin16.2%
2025Net margin6.1%
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Not enough comparable data to show this history.
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flowNot reportedNo source recorded
2021Operating cash flowNot reportedNo source recorded
2022Operating cash flowNot reportedNo source recorded
2023Operating cash flowNot reportedNo source recorded
2024Operating cash flowNot reportedNo source recorded
2025Operating cash flowNot reportedNo source recorded

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flowUnavailableNo source recorded
2021Free cash flowUnavailableNo source recorded
2022Free cash flowUnavailableNo source recorded
2023Free cash flowUnavailableNo source recorded
2024Free cash flowUnavailableNo source recorded
2025Free cash flowUnavailableNo source recorded

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

60.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.65%49%33%16%0%2020-12-3120232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Liabilities / assetsNot reportedNo source recorded
2021Liabilities / assets60.5%
2022Liabilities / assets57%
2023Liabilities / assets56.5%
2024Liabilities / assets56.9%
2025Liabilities / assets60.3%

Current assets to current liabilities

Current assets divided by current liabilities.

1.15× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.59×1.19×0.79×0.40×0.00×2020-12-3120232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021Current assets / current liabilities1.47×
2022Current assets / current liabilities1.12×
2023Current assets / current liabilities1.28×
2024Current assets / current liabilities1.03×
2025Current assets / current liabilities1.15×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg 12.11 billion
Exact value

Exact value: 12110000000 Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg

2019-01-01 – 2019-12-31: 12110000000 Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg 14.32 billion
Exact value

Exact value: 14322000000 Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg

2020-01-01 – 2020-12-31: 14322000000 Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg 25.68 billion
Exact value

Exact value: 25679000000 Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg

2021-01-01 – 2021-12-31: 25679000000 Unit_Standard_USD_ep76izAxTkGfAWRFt7rVWg Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

2,543 filings · 5,184 latest values · 5,184 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000917851, 917851, VALE, edgar:917851

Also known as Companhia Vale do Rio Doce, VALE S.A., VALE S.A., VALLEY OF THE DOCE RIVER CO, VALLEY OF THE RIO DOCE CO, Vale S.A.