Vale SA ADR
NYSE: VALE · BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING
Updated 2026-06-05
Vale SA ADR (VALE) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $60.95B | $76.72B | $79.93B | $100.74B | $129.14B | $128.73B | $130.62B | $124.60B | $116.49B | $88.49B | $99.01B | $99.18B | $88.19B | $91.71B | $92.01B | $89.44B | $86.89B | $93.87B | $80.25B | $86.88B |
| Cash & equivalents | $4.45B | $1.05B | $10.33B | $7.58B | $7.58B | $3.53B | $5.83B | $5.32B | $3.97B | $3.59B | $4.26B | $4.33B | $5.78B | $7.35B | $13.49B | $11.72B | $4.74B | $3.61B | $4.96B | $7.40B |
| Current assets | $12.94B | $11.38B | $23.24B | $21.93B | $31.79B | $21.74B | $22.53B | $24.38B | $20.23B | $15.47B | $22.57B | $18.95B | $15.29B | $17.04B | $24.40B | $22.36B | $15.53B | $18.64B | $13.50B | $18.37B |
| Total liabilities | $38.47B | $40.89B | $34.88B | $42.53B | $56.70B | $48.61B | $54.46B | $59.66B | $60.17B | $52.79B | $57.99B | $54.41B | $43.36B | $52.72B | $57.19B | $54.14B | $49.54B | $53.04B | $45.69B | $52.41B |
| Current liabilities | $7.31B | $10.08B | $7.24B | $9.98B | $17.91B | $11.04B | $12.56B | $9.61B | $10.74B | $10.54B | $11.23B | $13.11B | $9.11B | $13.85B | $14.59B | $15.20B | $13.89B | $14.61B | $13.11B | $15.94B |
| Long-term debt | $21.56B | $18.24B | $18.42B | $21.48B | $24.00B | $24.29B | $28.40B | $29.22B | $29.11B | $102.88B | $27.79B | $21.76B | $15.42B | $12.80B | $17.30B | $11.15B | $14.95B | $14.52B | $15.94B | $20.61B |
| Shareholder equity | $19.67B | $33.28B | $42.56B | $54.88B | $68.90B | $77.72B | $74.57B | $63.33B | $54.71B | $35.70B | $41.02B | $44.77B | $44.83B | $38.99B | $35.74B | $34.47B | $35.87B | $39.31B | $33.43B | $33.63B |
| Retained earnings | $12.06B | $16.95B | $27.96B | $26.83B | $42.38B | $39.94B | $38.39B | $29.57B | $-412.00M | $-23.09B | $-23.09B | $-17.05B | $-16.51B | $4.60B | $4.84B | $15.72B | $20.47B | $13.01B | $18.58B | $1.10B |
| Accounts receivable | $4.06B | $5.28B | $5.51B | $4.78B | $10.15B | $10.85B | $8.70B | $7.49B | $5.55B | $2.95B | $5.36B | $3.77B | $3.90B | $3.40B | $5.70B | $4.78B | $5.59B | $5.08B | $3.46B | $3.82B |
| Inventory | $3.49B | $3.86B | $3.90B | $3.39B | $4.30B | $5.25B | $5.05B | $4.13B | $4.50B | $3.53B | $3.35B | $3.93B | $4.44B | $4.27B | $4.06B | $4.38B | $4.48B | $4.67B | $4.61B | $5.96B |
| Goodwill | $4.48B | $3.79B | $1.90B | $2.31B | $3.32B | $3.03B | $4.60B | $4.14B | $3.76B | $2.96B | $3.08B | $4.11B | $3.65B | $3.63B | $3.30B | $3.21B | $3.19B | $3.25B | $3.04B | $1.30B |
Frequently asked questions
What is Vale SA ADR's revenue?
Vale SA ADR's trailing twelve-month revenue is $214.86B, and consensus projects about $44.55B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is VALE?
In its most recent fiscal year, VALE ran a gross margin of 34.37%, an operating margin of 28.98%, and a net margin of 6.47%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does VALE generate?
VALE produced $3.06B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is VALE's balance sheet healthy?
VALE holds $7.40B in cash and equivalents against $20.61B in long-term debt, on $33.63B of shareholder equity. That debt is best read against the cash flow the business throws off each year.