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Vale S.A.

VALE · NYSE · Materials, metals and mining · Brazil · IFRS · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025, released 27 March 2026. Snapshot FY2025_1f99bc88.

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Overview

Revenue, fiscal year
+0.9% year on year
Operating profit, fiscal year
−45.3% year on year
Net income, fiscal year
−61.9% year on year
Diluted EPS, fiscal year
n/a
Operating margin, fiscal year
−13.0pp year on year
Return on equity, fiscal year
−9.9pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

  1. Revenue for the fiscal year ended 31 December 2025 was US$38.4 billion, 0.9% higher than in the previous fiscal year.

    Newin FY2025 · first stated
    Rule: Revenue against the previous fiscal year · Sources 20-F 2025-12
    History of this finding, 4 records
    1. FY2025 NewRevenue for the fiscal year ended 31 December 2025 was US$38.4 billion, 0.9% higher than in the previous fiscal year.Recorded from FY2025_1f99bc88 · data update
    2. FY2025 RetiredThe finding changed to higher than a year earlier.Recorded from FY2025_1f99bc88 · data update
    3. FY2024 StrengthenedRevenue for the fiscal year ended 31 December 2024 was US$38.1 billion, 8.9% lower than in the previous fiscal year.Reconstructed · data update
    4. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was US$41.8 billion, 4.7% lower than in the previous fiscal year.Reconstructed · initial

  2. Net income attributable to the company for fiscal 2025 was US$2.4 billion, 61.9% lower than in the previous fiscal year.

    Strengthenedin FY2025 · stated since FY2023−61.9% from −22.8% in FY2024
    Rule: Net income against the previous fiscal year · Sources 20-F 2025-12
    History of this finding, 3 records
    1. FY2025 StrengthenedNet income attributable to the company for fiscal 2025 was US$2.4 billion, 61.9% lower than in the previous fiscal year.Recorded from FY2025_1f99bc88 · data update
    2. FY2024 WeakenedNet income attributable to the company for fiscal 2024 was US$6.2 billion, 22.8% lower than in the previous fiscal year.Reconstructed · data update
    3. FY2023 NewNet income attributable to the company for fiscal 2023 was US$8.0 billion, 57.5% lower than in the previous fiscal year.Reconstructed · initial

  3. The operating margin for fiscal 2025 was 15.4%, 13.0 percentage points lower than a year earlier.

    Strengthenedin FY2025 · stated since FY2023
    Rule: Operating margin against a year earlier · Sources 20-F 2025-12
    History of this finding, 3 records
    1. FY2025 StrengthenedThe operating margin for fiscal 2025 was 15.4%, 13.0 percentage points lower than a year earlier.Recorded from FY2025_1f99bc88 · data update
    2. FY2024 StrengthenedThe operating margin for fiscal 2024 was 28.3%, 5.6 percentage points lower than a year earlier.Reconstructed · data update
    3. FY2023 NewThe operating margin for fiscal 2023 was 34.0%, 5.3 percentage points lower than a year earlier.Reconstructed · initial

  4. Return on equity for fiscal 2025 was 7.0%, against 16.9% a year earlier.

    Strengthenedin FY2025 · stated since FY2023
    Rule: Return on equity against a year earlier · Sources 20-F 2025-12, 20-F 2024-12
    History of this finding, 3 records
    1. FY2025 StrengthenedReturn on equity for fiscal 2025 was 7.0%, against 16.9% a year earlier.Recorded from FY2025_1f99bc88 · data update
    2. FY2024 WeakenedReturn on equity for fiscal 2024 was 16.9%, against 21.2% a year earlier.Reconstructed · data update
    3. FY2023 NewReturn on equity for fiscal 2023 was 21.2%, against 53.4% a year earlier.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents5 documents, latest 20-F for the year to 31 December 2025List
DownloadsExcel workbook · JSON · Brief for AI
SnapshotFY2025_1f99bc88

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, US dollars

Operating Profit

By fiscal year, US dollars

Profit Attributable to Owners of the Parent

By fiscal year, US dollars

Margins

By fiscal year, per cent

Returns

By fiscal year, per cent

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Source Documents

Documents of this snapshot, latest first.

DocumentDateId
20-F for the year to 31 December 202527 Mar 202620-F:0001292814-26-001844
20-F for the year to 31 December 202428 Mar 202520-F:0001292814-25-001137
20-F for the year to 31 December 202319 Apr 202420-F:0001292814-24-001463
20-F for the year to 31 December 202213 Apr 202320-F:0001292814-23-001516
20-F for the year to 31 December 202114 Apr 202220-F:0001104659-22-046078

Checks

186186 checks, all passed
Fiscal calendar11 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.
Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.
Balance sheet identity6 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.
Gross profit6 passedRevenue less cost of sales equals the gross profit that the company presents. A gross profit that differs is withheld, and so is a cost of sales that the company gives without gross profit. Checked at warning level.
Agreement between annual reports161 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published210
Confirmed by other figures80.5%, 169 values
Confirmed by a second document76.7%, 161 values
Derived from reported figures0.0%, 0 values
Values withheld0
Restated figures tracked10
Changes compared on one basis0
Company lines mapped0 of 0 reviewed

Citation

Annalist, Vale S.A., snapshot vale/FY2025_1f99bc88 (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_1f99bc88 · dataset SHA-256 1f99bc88d72cac87031bf46f04a9027fae4795704faaaeb0e60afa0d3b494373 · findings rules 0.5

Data: info.json · dataset.json · validation.json · documents.json