Vale S.A. (VALE) Earnings History
Earnings Pressure26 years of earnings data (2000–2025) · 5-year EPS trend is negative
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Vale S.A. (VALE) Earnings Overview
As of July 8, 2026, Vale S.A. (VALE) reported trailing twelve-month net income of $2.79B, reflecting -57.7% year-over-year growth. The company earned $0.65 per diluted share over the past four quarters, with a net profit margin of 6.5%.
Looking at the long-term picture, VALE's 5-year EPS compound annual growth rate (CAGR) stands at -10.5%, signaling declining earnings. The company achieved its highest annual net income of $22.89B in fiscal 2011.
Vale S.A. maintains positive profitability with a gross margin of 34.4%, operating margin of 29.0%, and net margin of 6.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including RIO ($21.48B net income, 17.3% margin), BHP ($21.64B net income, 17.6% margin), CLF (-$1.21B net income, -7.9% margin), VALE has room to improve margins relative to the peer group. Compare VALE vs RIO →
VALE Earnings vs Peers
Earnings metrics vs comparable public companies
VALE Historical Earnings Data (2000–2025)
26 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.47B | -59.9% | $11.08B | $0.58 | 6.5% | 29.0% |
| 2024 | $6.17B | -22.8% | $10.79B | $1.37 | 16.2% | 28.3% |
| 2023 | $7.98B | -57.5% | $14.21B | $1.83 | 19.1% | 34.0% |
| 2022 | $18.79B | -16.3% | $17.21B | $4.05 | 42.9% | 39.3% |
| 2021 | $22.45B | +359.8% | $27.69B | $4.48 | 41.2% | 50.8% |
| 2020 | $4.88B | +394.0% | $12.82B | $1.01 | 12.3% | 32.4% |
| 2019 | -$1.66B | -124.2% | $3.83B | $-0.43 | -4.6% | 10.6% |
| 2018 | $6.86B | +24.6% | $11.96B | $1.32 | 18.8% | 32.7% |
| 2017 | $5.51B | +38.3% | $10.93B | $1.05 | 16.2% | 32.2% |
| 2016 | $3.98B | +132.8% | $7.05B | $0.77 | 14.5% | 25.7% |
| 2015 | -$12.13B | -1946.1% | -$6.13B | $-2.33 | -47.4% | -23.9% |
| 2014 | $657M | +12.5% | $7.18B | $0.13 | 1.7% | 18.8% |
| 2013 | $584M | -89.1% | $15.06B | $0.11 | 1.2% | 32.2% |
| 2012 | $5.37B | -76.5% | $9.32B | $1.06 | 11.3% | 19.6% |
| 2011 | $22.89B | +32.6% | $30.11B | $4.34 | 38.8% | 51.0% |
| 2010 | $17.26B | +193.9% | $21.70B | $3.23 | 38.1% | 47.9% |
| 2009 | $5.88B | -55.6% | -$7.56B | $0.97 | 21.1% | -27.2% |
| 2008 | $13.22B | +11.8% | $14.75B | $2.58 | 35.3% | 39.4% |
| 2007 | $11.82B | +81.1% | $13.19B | $2.41 | 36.7% | 40.9% |
| 2006 | $6.53B | +46.0% | $7.64B | $1.35 | 33.2% | 38.9% |
| 2005 | $4.47B | +73.7% | $6.23B | $1.05 | 30.7% | 42.8% |
| 2004 | $2.57B | +66.2% | $3.12B | $0.56 | 31.9% | 38.7% |
| 2003 | $1.55B | +127.6% | $1.64B | $0.34 | 28.9% | 30.7% |
| 2002 | $680M | -47.2% | $1.43B | $0.15 | 16.5% | 34.7% |
| 2001 | $1.29B | +18.5% | $929M | $0.84 | 32.3% | 23.3% |
| 2000 | $1.09B | - | $926M | $0.71 | 27.6% | 23.5% |
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VALE — Frequently Asked Questions
Quick answers to the most common questions about buying VALE stock.
What is VALE earnings per share (EPS)?
VALE trailing twelve-month (TTM) diluted EPS is $0.65, reflecting -57.7% year-over-year growth. The 5-year EPS CAGR is -10.5%. Complete EPS history from 2000 to 2025 is available in the table on this page.
What is Vale S.A.'s net income?
Vale S.A. (VALE) trailing twelve-month net income is $2.8B as of 2025. Earnings declined -57.7% year-over-year. Vale S.A. has been profitable for 6 consecutive years.
Is VALE profitable?
Yes, VALE is profitable with a TTM net income of $2.8B and a net profit margin of +6.5%. Vale S.A. has generated profits for 6 consecutive years.
What is VALE's earnings growth rate?
VALE compound annual EPS growth rates (CAGR): 1-Year: -57.7%, 3-Year: -47.7%, 5-Year: -10.5%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2000 to 2025.
What are VALE's profit margins?
Vale S.A. net profit margin is +6.5%, operating margin is +29.0%, and gross margin is +34.4%. Margins are within a typical range for the sector. Return on Equity is +7.2%.
Is VALE growing earnings?
VALE earnings are declining — EPS fell -57.7% year-over-year. TTM net income dropped to $2.8B. This contrasts with the 5-year CAGR of -10.5%.
What was VALE's best earnings year?
Vale S.A.'s highest annual net income on record is $22.9B, achieved in fiscal year 2011. Earnings history on this page spans 2000 to 2025 and includes all annual and quarterly figures.
What were VALE's earnings last quarter?
VALE's most recent reported quarter was Q1 2026. Net income was $1.9B with diluted EPS of $0.44. For a full breakdown of all quarters, see the quarterly earnings table on this page.