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V

Vale VALE3.SA · BRL

Materials · B3 · 🇧🇷 Brazil

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66.11

+3.23%

Close of 9 Nov 2026, in BRL

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At a glance

Figures in BRL, from our data supplier.

FY2025

Revenue

BRL 195.70bn

FY2016FY2025

Net income

BRL 12.66bn

FY2016FY2025

Free cash flow

BRL 15.66bn

FY2016FY2025

Shareholders' equity

—

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueBRL 195.70bnBRL 206.00bnBRL 208.07bnBRL 226.51bnBRL 293.52bnBRL 206.10bnBRL 144.63bnBRL 134.48bnBRL 108.53bnBRL 94.63bn
Gross profitBRL 67.25bnBRL 74.69bnBRL 88.05bnBRL 102.31bnBRL 176.26bnBRL 115.15bnBRL 68.20bnBRL 53.28bnBRL 41.27bnBRL 33.49bn
Research and developmentBRL 3.53bn—————————
Operating incomeBRL 35.74bnBRL 58.05bnBRL 77.37bnBRL 90.84bnBRL 164.91bnBRL 101.75bnBRL 57.03bnBRL 47.39bnBRL 35.84bnBRL 28.13bn
Net incomeBRL 12.66bnBRL 31.59bnBRL 39.94bnBRL 95.92bnBRL 121.23bnBRL 26.71bn−BRL 6.67bnBRL 25.66bnBRL 17.63bnBRL 13.31bn
Diluted earnings per share2.967.399.1520.6624.185.20-1.304.953.394.17

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets—BRL 496.32bnBRL 455.98bnBRL 453.39bnBRL 499.13bnBRL 478.13bnBRL 369.67bnBRL 341.71bnBRL 328.10bnBRL 322.70bn
Cash and short-term investments—BRL 31.00bnBRL 17.72bnBRL 25.03bnBRL 66.44bnBRL 74.09bnBRL 32.96bnBRL 22.41bnBRL 14.32bnBRL 13.89bn
Total liabilities—BRL 289.55bnBRL 265.02bnBRL 266.27bnBRL 306.73bnBRL 292.34bnBRL 208.19bnBRL 171.31bnBRL 184.34bnBRL 195.46bn
Debt—BRL 96.01bnBRL 67.40bnBRL 66.33bnBRL 76.91bnBRL 78.09bnBRL 59.84bnBRL 59.93bnBRL 74.39bnBRL 95.56bn
Shareholders' equity—BRL 206.77bnBRL 190.97bnBRL 187.11bnBRL 192.40bnBRL 185.78bnBRL 161.48bnBRL 170.40bnBRL 143.76bnBRL 127.24bn
Shares outstanding4,269m4,275m4,366m4,642m5,012m5,130m5,128m5,182m5,197m3,186m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsBRL 46.25bnBRL 50.20bnBRL 65.91bnBRL 58.20bnBRL 136.77bnBRL 75.21bnBRL 47.28bnBRL 47.93bnBRL 39.97bnBRL 21.63bn
Capital spending−BRL 30.59bn−BRL 35.10bn−BRL 29.45bn−BRL 28.18bn−BRL 27.30bn−BRL 21.72bn−BRL 13.82bn−BRL 13.98bn−BRL 12.46bn−BRL 17.34bn
Free cash flowBRL 15.66bnBRL 15.10bnBRL 36.46bnBRL 30.02bnBRL 109.47bnBRL 53.49bnBRL 33.46bnBRL 33.95bnBRL 27.51bnBRL 4.29bn
Dividends paid−BRL 18.30bn−BRL 20.66bn−BRL 27.97bn−BRL 34.16bn−BRL 73.29bn−BRL 18.71bn−BRL 695.0m−BRL 13.05bn−BRL 4.67bn−BRL 1.83bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueBRL 53.70bnBRL 47.40bnBRL 56.62bnBRL 53.27bnBRL 45.06bnBRL 41.56bnBRL 59.40bnBRL 52.98bn
Gross profitBRL 16.48bnBRL 15.65bnBRL 20.88bnBRL 19.41bnBRL 13.92bnBRL 13.66bnBRL 22.64bnBRL 18.15bn
Operating incomeBRL 13.68bnBRL 13.67bnBRL 14.91bnBRL 17.49bnBRL 12.84bnBRL 10.88bnBRL 16.75bnBRL 14.05bn
Net incomeBRL 6.94bnBRL 9.69bn−BRL 19.97bnBRL 13.73bnBRL 10.84bnBRL 7.14bn−BRL 4.68bnBRL 13.39bn
Diluted earnings per share1.632.27-4.683.222.541.67-1.093.14
Cash from operationsBRL 12.81bnBRL 9.66bnBRL 14.82bnBRL 13.26bnBRL 9.80bnBRL 8.61bn——
Capital spending−BRL 6.46bn−BRL 6.08bn−BRL 11.12bn−BRL 7.13bn−BRL 6.05bn−BRL 6.44bn——
Free cash flowBRL 6.34bnBRL 3.58bnBRL 3.70bnBRL 6.13bnBRL 3.75bnBRL 2.17bn——
Total assets———BRL 484.95bnBRL 493.23bnBRL 479.07bnBRL 496.32bnBRL 484.26bn
Cash and short-term investments———BRL 32.39bnBRL 31.09bnBRL 22.96bnBRL 31.00bnBRL 25.33bn
Debt———BRL 95.19bnBRL 92.69bnBRL 88.50bnBRL 88.79bnBRL 71.84bn
Shareholders' equity———BRL 218.13bnBRL 214.18bnBRL 202.08bnBRL 206.77bnBRL 208.56bn

Financial ratios

Data as of 2 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin34.4%36.2%42.3%45.2%60.1%55.6%
Operating margin16.6%21.1%34.0%40.5%54.1%44.6%
Net margin6.5%16.2%19.1%42.9%41.2%12.3%
Return on equity7.5%18.5%20.2%52.4%65.1%13.7%
Return on assets2.9%7.7%8.5%21.6%25.1%5.3%
Free cash flow yield4.6%4.1%5.8%4.5%8.2%4.7%
Revenue growth2.2%-8.9%-4.7%-19.6%37.8%8.2%
Earnings growth-59.2%-22.8%-57.5%-16.3%359.8%-390.0%
Current ratio1.15x1.03x1.28x1.12x1.47x1.67x
Debt to equity2.91x0.51x0.39x1.60x0.36x1.87x
Equity ratio38.7%41.7%41.9%41.3%38.5%38.8%
Interest coverage4.07x6.64x10.68x15.44x15.82x6.47x
R&D as a share of sales1.8%2.1%1.7%1.5%1.0%1.0%
Buybacks as a share of market value0.0%1.4%10.0%0.0%6.2%1.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.8%-1.0%9.6%
Operating income-26.7%-18.9%16.9%
Net income-49.1%-13.9%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin35.3%39.7%46.7%44.0%
Operating margin23.3%31.3%39.6%37.2%
Net margin11.0%21.5%24.6%17.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings24.37.48.44.33.216.8-41.010.311.96.2
Price to sales1.61.11.61.81.32.21.92.01.90.9

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 12 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.0317.6195.3536.0787.58311.2231.411.414
  • 2-for-1 split · 3 Sept 2007
  • 2-for-1 split · 22 May 2006
  • 300-for-100 split · 19 Aug 2004
  • 8-for-1 split · 11 Apr 1996

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.