Vale S.A. revenue by segment VALE

Annual Quarterly

Vale S.A. splits its revenue into 7 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Iron Ore at $25.0 billion, 65% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2012 Dec 31, 2012
Revenue	38,403	38,056	41,784	43,839	54,502	39,545	36,549	36,575	33,967	48,753
Iron Ore	25,010 +0.8% share 65.1%	24,805 -10.6% share 65.2%	27,760 -1.5% share 66.4%	28,188 -26.4% share 64.3%	38,324 +40.5% share 70.3%	27,285 +16.9% share 69.0%	23,343 share 63.9%	—	—	—
Iron Ore Pellets	4,396 -25.8% share 11.4%	5,921 +2.0% share 15.6%	5,803 -7.2% share 13.9%	6,256 -11.3% share 14.3%	7,053 +66.3% share 12.9%	4,242 -28.7% share 10.7%	5,948 share 16.3%	—	—	—
Nickel And Other Products	4,291 +17.0% share 11.2%	3,666 -29.4% share 9.6%	5,193 -21.5% share 12.4%	6,619 +23.1% share 15.1%	5,376 +15.6% share 9.9%	4,652 +17.7% share 11.8%	3,954 share 10.8%	—	—	—
Copper	3,753 +33.8% share 9.8%	2,805 +18.1% share 7.4%	2,376 +33.6% share 5.7%	1,779 -31.3% share 4.1%	2,590 +19.1% share 4.8%	2,175 +14.2% share 5.5%	1,904 share 5.2%	—	—	—
Other Ferrous Products And Services	724 +0.8% share 1.9%	718 +39.1% share 1.9%	516 +9.3% share 1.2%	472 -13.9% share 1.1%	548 +68.1% share 1.0%	326 -24.5% share 0.8%	432 share 1.2%	—	—	—
Other	229 +62.4% share 0.6%	141 +3.7% share 0.4%	136 -74.1% share 0.3%	525 -14.1% share 1.2%	611 share 1.1%	—	—	—	—	—
Ferroalloys And Manganese	—	—	—	—	175 -22.2% share 0.3%	225 -20.2% share 0.6%	282 share 0.8%	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry: Metal Mining (SIC 1000)
Listed as: VALE (NYSE)
Fiscal year ends: December 31
Headquarters: Rio De Janeiro
SEC filer status: Large accelerated filer
SEC CIK: 917851
Former names: Vale S.A. (until Oct 30, 2026); Companhia Vale do Rio Doce (until May 22, 2009); VALLEY OF THE RIO DOCE CO (until Nov 7, 2005); VALLEY OF THE DOCE RIVER CO (until Jan 25, 2002)

Other Metal Mining companies

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.