VALE
Vale S.A.
NYSE · BRBasic MaterialsIndustrial Materials
$14.10-0.63%
Price as of Jul 20, 2026
VALE financials
Vale S.A. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $38.2B | $38.1B | $41.8B | $43.8B |
| Cost of revenue | $25.1B | $24.3B | $24.1B | $24.0B |
| Gross profit | $13.1B | $13.8B | $17.7B | $19.8B |
| Operating expenses | $2.1B | $3.0B | $3.5B | $2.6B |
| Operating income | $11.1B | $10.8B | $14.2B | $17.2B |
| Net income | $2.5B | $6.2B | $8.0B | $18.8B |
| EBITDA | $9.4B | $11.1B | $15.6B | $23.7B |
| Basic EPS | $0.58 | $1.37 | $1.83 | $4.05 |
| Diluted EPS | $0.58 | $1.37 | $1.83 | $4.05 |
| Balance sheet | ||||
| Cash & equivalents | $7.4B | $5.0B | $3.6B | $4.7B |
| Total assets | $86.9B | $80.3B | $93.9B | $86.9B |
| Total liabilities | $52.4B | $45.7B | $53.0B | $49.5B |
| Stockholders’ equity | $33.6B | $33.4B | $39.3B | $35.9B |
| Total debt | $19.4B | $17.7B | $16.8B | $15.4B |
| Net debt | $12.0B | $12.8B | $13.2B | $10.7B |
| Cash flow | ||||
| Operating cash flow | $9.0B | $9.4B | $13.4B | $11.5B |
| Capital expenditure | -$6.0B | -$6.5B | -$6.0B | -$5.4B |
| Free cash flow | $3.1B | $2.9B | $7.4B | $6.0B |
| Dividends paid | -$3.6B | -$3.8B | -$5.6B | -$6.6B |
| Share repurchases | $0.00 | -$381.0M | -$2.7B | -$6.0B |