Saturday 17 October 2026
Export VALE’s income statement to Excel — free account
VALE S.A.
VALE Basic Materials Other Industrial Metals & Mining
VALE S.A.’s revenue for fiscal 2025 (year ended December 2025) was $38.4 billion, up 0.91% from fiscal 2024. In the quarter to June 2026, revenue grew 19.2%, EPS fell 36.0%, free cash flow grew 69.8% and total debt fell 6.73%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
13.06
0.04
+0.31%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
10.59 | 12.05 | 10.07 | 0.00 | 17.64 | 3.18 | 4.04 | 8.58 | 6.16 | 23.27 |
Piotroski F-Score |
7 | 8 | 9 | 5 | 7 | 8 | 4 | 5 | 5 | 6 |
P/S ratio |
1.52 | 1.95 | 1.87 | 1.80 | 2.17 | 1.29 | 1.73 | 1.64 | 1.00 | 1.45 |
Altman Z-Score |
1.12 | 1.58 | 2.07 | 1.38 | 2.03 | 2.75 | 2.47 | 2.10 | 1.75 | 1.62 |
Altman Z″-Score (non-manufacturers) |
2.11 | 2.23 | 2.86 | 1.35 | 2.52 | 3.86 | 3.02 | 2.86 | 2.49 | 1.99 |
P/FCF ratio |
28.85 | 7.70 | 7.49 | 8.05 | 8.15 | 3.40 | 12.56 | 9.47 | 12.99 | 19.90 |
Beneish M-Score |
(2.02) | (2.84) | (2.75) | (3.31) | (2.52) | (2.52) | (1.78) | (2.80) | (2.92) | (2.84) |
P/Operating CF |
17.80 | 18.10 | 20.76 | 23.54 | 13.19 | 37.38 | 39.66 | 14.32 | 13.02 | 20.61 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 16 |
P/B ratio |
1.02 | 1.48 | 1.52 | 1.74 | 2.47 | 1.99 | 2.03 | 1.67 | 1.10 | 1.62 |
Price to Tangible BV |
1.23 | 1.83 | 1.85 | 2.22 | 3.37 | 2.67 | 2.80 | 2.34 | 1.58 | 2.19 |
EV/Sales |
2.43 | 2.43 | 2.12 | 2.05 | 2.28 | 1.39 | 1.97 | 1.95 | 1.27 | 1.74 |
EV/EBITDA |
6.35 | 5.64 | 5.07 | 15.25 | 5.68 | 2.58 | 4.23 | 4.72 | 3.49 | 7.41 |
EV/Operating CF |
10.45 | 6.63 | 6.01 | 6.35 | 5.19 | 2.94 | 7.51 | 6.19 | 5.15 | 7.58 |
EV/FCF |
46.14 | 9.57 | 8.51 | 9.15 | 8.55 | 3.66 | 14.29 | 11.25 | 16.54 | 23.86 |
Quick Ratio |
0.85 | 0.77 | 1.07 | 0.84 | 1.35 | 1.10 | 0.75 | 0.60 | 0.65 | 0.72 |
Current Ratio |
2.01 | 1.45 | 1.68 | 1.23 | 1.67 | 1.47 | 1.12 | 1.28 | 1.03 | 1.15 |
Net Debt/EBITDA |
2.38 | 1.10 | 0.61 | 1.83 | 0.33 | 0.17 | 0.51 | 0.75 | 0.75 | 1.23 |
Debt/Assets |
29.61% | 22.67% | 17.54% | 19.01% | 20.04% | 19.23% | 17.56% | 17.62% | 19.16% | 21.55% |
Debt/Equity |
0.71 | 0.50 | 0.35 | 0.45 | 0.53 | 0.49 | 0.41 | 0.41 | 0.44 | 0.54 |
Asset Turnover |
0.29 | 0.34 | 0.39 | 0.42 | 0.43 | 0.60 | 0.50 | 0.46 | 0.44 | 0.46 |
Operating CF/Net income |
1.61 | 2.26 | 1.88 | (7.20) | 2.93 | 1.14 | 0.61 | 1.65 | 1.52 | 3.74 |
Capex/Depreciation |
(1.42) | (1.03) | (1.13) | (0.99) | (1.32) | (1.66) | (1.72) | (1.93) | (2.11) | (1.93) |
Interest Coverage |
1.15 | 3.34 | 5.10 | 0.35 | 4.02 | 22.17 | 14.60 | 9.74 | 7.32 | 3.58 |
| 10.38% | 12.84% | 15.31% | (4.02%) | 13.23% | 64.01% | 51.71% | 20.38% | 16.33% | 6.83% | |
| 4.25% | 5.56% | 7.32% | (1.87%) | 5.31% | 24.74% | 21.31% | 8.82% | 7.07% | 2.82% | |
ROIC |
6.67% | 11.22% | 13.81% | 1.71% | 20.55% | 42.63% | 22.49% | 16.47% | 15.02% | 8.11% |
Return on Tangible Assets |
5.97% | 9.07% | 12.57% | (3.38%) | 9.58% | 45.72% | 40.34% | 15.22% | 15.27% | 5.11% |
Average Days of Receivables |
70.22 | 40.53 | 35.24 | 33.53 | 50.78 | 31.98 | 46.55 | 44.52 | 33.17 | 36.14 |
Research and Development Expense of Revenue |
1.16% | 1.00% | 1.02% | 1.18% | 1.05% | 1.01% | 1.51% | 1.73% | 2.08% | 1.80% |
Selling, General and Administrative Expense of Revenue |
1.84% | 1.56% | 1.43% | 1.30% | 1.24% | 0.88% | 1.17% | 1.32% | 1.63% | 1.67% |
Intangible Assets out of Total Assets |
0.07 | 0.09 | 0.09 | 0.09 | 0.10 | 0.10 | 0.12 | 0.12 | 0.13 | 0.10 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.85) | (0.53) | (0.41) | (0.53) | (0.38) | (0.45) | (0.45) | (0.50) | (0.85) | (0.61) |
Graham Number |
11.62 | 14.33 | 15.97 | 0.00 | 12.05 | 26.44 | 27.09 | 19.66 | 16.18 | 10.07 |
Earnings Yield |
9.44% | 8.30% | 9.93% | (2.43%) | 5.67% | 31.46% | 24.77% | 11.65% | 16.23% | 4.30% |
Free Cash Flow Yield |
3.47% | 12.99% | 13.35% | 12.42% | 12.27% | 29.38% | 7.96% | 10.56% | 7.70% | 5.02% |
Revenue per Share |
5.29 | 6.54 | 7.06 | 7.33 | 7.71 | 10.87 | 9.45 | 9.57 | 8.90 | 9.00 |
Operating CF per Share |
1.23 | 2.40 | 2.49 | 2.36 | 2.79 | 5.12 | 2.48 | 3.02 | 2.19 | 2.06 |
Capex per Share |
(0.95) | (0.74) | (0.73) | (0.72) | (0.82) | (1.00) | (1.17) | (1.36) | (1.51) | (1.41) |
Free Cash Flow per Share |
0.28 | 1.66 | 1.76 | 1.64 | 1.97 | 4.12 | 1.30 | 1.66 | 0.68 | 0.65 |
Cash per Share |
0.82 | 1.22 | 1.19 | 1.59 | 2.78 | 2.38 | 1.03 | 0.84 | 1.17 | 1.77 |
Shareholders Equity per Share |
7.89 | 8.61 | 8.66 | 7.60 | 6.79 | 7.04 | 8.06 | 9.39 | 8.08 | 8.05 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.89 | 8.61 | 8.66 | 7.60 | 6.79 | 7.04 | 8.06 | 9.39 | 8.08 | 8.05 |
Free Cash Flow |
1,450.00 | 8,619.00 | 9,117.00 | 8,406.00 | 10,095.00 | 20,646.00 | 6,039.00 | 7,245.00 | 2,919.00 | 2,795.00 |
Working Capital |
11,335.00 | 5,840.00 | 6,181.00 | 3,197.00 | 9,809.00 | 7,162.00 | 1,635.00 | 4,045.00 | 391.00 | 2,421.00 |
Capital Expenditures |
(4,951.00) | (3,831.00) | (3,784.00) | (3,704.00) | (4,227.00) | (5,033.00) | (5,446.00) | (5,920.00) | (6,447.00) | (6,006.00) |
Net Current Asset Value |
(35,423.00) | (35,458.00) | (28,066.00) | (35,678.00) | (32,783.00) | (31,776.00) | (34,010.00) | (34,505.00) | (32,143.00) | (33,884.00) |
EV/EBIT |
9.49 | 7.55 | 6.49 | 58.34 | 7.03 | 2.73 | 5.01 | 5.74 | 4.47 | 11.31 |
Capex to Sales |
0.18 | 0.11 | 0.10 | 0.10 | 0.11 | 0.09 | 0.12 | 0.14 | 0.17 | 0.16 |
Price to Operating Income |
5.93 | 6.07 | 5.71 | 51.32 | 6.70 | 2.54 | 4.41 | 4.83 | 3.51 | 9.43 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | 0.08 | 0.07 |
Cash ROIC |
1.94% | 11.71% | 13.71% | 13.01% | 14.95% | 32.05% | 10.52% | 11.83% | 5.32% | 4.62% |
Accounts Receivable Turnover |
6.73 | 7.50 | 10.02 | 10.76 | 8.83 | 10.61 | 8.46 | 7.82 | 8.90 | 10.58 |
Accounts Payable Turnover |
5.05 | 5.49 | 5.85 | 5.56 | 4.70 | 6.35 | 6.06 | 4.95 | 5.11 | 5.09 |
Inventory Turnover |
5.13 | 5.78 | 5.28 | 4.86 | 4.21 | 5.15 | 5.42 | 5.26 | 5.22 | 4.73 |
Average Days of Payables |
75.07 | 70.11 | 57.98 | 70.75 | 69.97 | 58.37 | 67.77 | 79.88 | 63.69 | 81.42 |
Days of Inventory on Hand |
69.26 | 68.11 | 73.35 | 73.63 | 84.39 | 73.52 | 68.08 | 70.97 | 69.27 | 86.86 |
Average Receivables |
4,084.00 | 4,530.00 | 3,651.50 | 3,491.00 | 4,476.50 | 5,139.00 | 5,183.50 | 5,344.00 | 4,277.50 | 3,630.00 |
Average Payables |
3,497.50 | 3,835.50 | 3,776.50 | 3,809.50 | 3,737.00 | 3,421.00 | 3,968.00 | 4,866.50 | 4,753.00 | 4,899.50 |
Average Inventory |
3,438.50 | 3,637.50 | 4,184.50 | 4,358.50 | 4,167.50 | 4,219.00 | 4,429.50 | 4,583.00 | 4,644.50 | 5,271.00 |
Average Assets |
93,753.00 | 99,099.00 | 93,687.00 | 89,951.50 | 91,860.00 | 90,724.50 | 88,168.00 | 90,540.00 | 87,169.00 | 83,338.50 |
Average Common Equity |
38,364.00 | 42,898.00 | 44,802.00 | 41,912.50 | 36,907.00 | 35,063.50 | 36,332.00 | 39,169.50 | 37,754.50 | 34,439.00 |
Columns are period end dates