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.

Revenue
+1.72%
EPS
−54.0%
Free cash flow
−9.38%
Total debt
−14.6%

Quarter to September 2026, against a year earlier

11.46 0.03 +0.26%
Market cap
$46.6B
P/E
76.4×
Fwd P/E
—
Dividend yield
3.49%
F-score
6/9
Altman Z
1.62
Beneish M
−2.84
Dividend safety
16/100

VALE S.A. (VALE) Operating margin

Alert me on Operating margin

VALE S.A.'s operating margin over the twelve months to 30 September 2026 was 13.1%, down 2.3 percentage points from fiscal 2025 (15.4%). Over the past ten years it has ranged from −26.7% (fiscal 2015) to 50.8% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Other Industrial Metals & Mining industry median of 0.00% and above the Basic Materials sector median of 2.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 15.4% (12.99)
FY2024 28.4% (5.65)
FY2023 34.0% (5.25)
FY2022 39.3% (11.56)
FY2021 50.8% 18.38
FY2020 32.4% 28.92
FY2019 3.51% (29.18)
FY2018 32.7% 0.51
FY2017 32.2% 6.53
FY2016 25.7% 52.30

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.0% (5.50)
Jun 2026 20.5% (5.12)
Mar 2026 25.7% 31.95
Dec 2025 −6.30% (33.09)
43 more quarters

Against its own ten years

Low −26.7% High 50.8%
Ten-year median 32.2%
Current reading's percentile 12

Operating margin against peers

Company Operating margin
VALE VALE S.A. 13.1%
MTRN Materion Corporation compare 6.36%
ALM Almonty Industries Inc. compare 5.37%
SKE Skeena Resources Limited compare 0.00%
USAR USA Rare Earth Inc. compare 0.00%
RIO Rio Tinto PLC compare 0.00%
BHP BHP Group Limited Sponsored ADR compare 0.00%
MP MP Materials Corp. compare −41.5%
SSMR Sunshine Silver Mining & Refining Company compare —
Other Industrial Metals & Mining industry median 0.00%
Basic Materials sector median 2.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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