Vale S.A.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.40B | $38.06B | $41.78B | $43.84B | $54.50B | $39.55B | $36.55B | $36.58B |
| Cost of Revenue | $24.95B | $24.27B | $24.09B | $24.03B | $21.73B | $17.56B | $19.31B | $22.11B |
| Gross Profit | $13.46B | $13.79B | $17.70B | $19.81B | $32.77B | $21.98B | $17.24B | $14.47B |
| Gross Margin | 35.0% | 36.2% | 42.3% | 45.2% | 60.1% | 55.6% | 47.2% | 39.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $5.90B | $10.79B | $14.21B | $17.21B | $27.69B | $12.82B | $3.89B | $11.96B |
| Operating Margin | 15.4% | 28.3% | 34.0% | 39.3% | 50.8% | 32.4% | 10.7% | 32.7% |
| Interest Expense | $1.31B | $1.40B | $1.51B | $1.29B | $981.0M | — | — | — |
| Pretax Income | $4.65B | $6.70B | $11.15B | $19.78B | $29.54B | $6.99B | $-156.0M | $6.82B |
| Income Tax Expense | $2.67B | $721.0M | $3.05B | $2.97B | $4.70B | $735.0M | $-595.0M | $-172.0M |
| Net Income | $2.35B | $6.17B | $7.98B | $18.79B | $22.45B | $4.88B | $-1.68B | $6.86B |
| Net Margin | 6.1% | 16.2% | 19.1% | 42.9% | 41.2% | 12.3% | -4.6% | 18.8% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |