Vale S.A.
VALEFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
38,056
Cost of Revenue
24,265
Gross Profit
13,791
Gross Margin
36.2%
Operating Income
10,788
Operating Margin
28.3%
Net Income
6,166
Net Margin
16.2%
EPS (Basic)
$1.37
EPS (Diluted)
$1.37
EBITDA
11,071
EBITDA Margin
29.1%
2023
12/31/2023
Revenue
41,784
Cost of Revenue
24,089
Gross Profit
17,695
Gross Margin
42.3%
Operating Income
14,205
Operating Margin
34.0%
Net Income
7,983
Net Margin
19.1%
EPS (Basic)
$1.83
EPS (Diluted)
$1.83
EBITDA
15,560
EBITDA Margin
37.2%
2022
12/31/2022
Revenue
43,839
Cost of Revenue
24,028
Gross Profit
19,811
Gross Margin
45.2%
Operating Income
17,208
Operating Margin
39.3%
Net Income
18,788
Net Margin
42.9%
EPS (Basic)
$4.05
EPS (Diluted)
$4.05
EBITDA
23,745
EBITDA Margin
54.2%
2021
12/31/2021
Revenue
54,502
Cost of Revenue
21,729
Gross Profit
32,773
Gross Margin
60.1%
Operating Income
27,693
Operating Margin
50.8%
Net Income
22,445
Net Margin
41.2%
EPS (Basic)
$4.48
EPS (Diluted)
$4.48
EBITDA
34,128
EBITDA Margin
62.6%
2020
12/31/2020
Revenue
39,545
Cost of Revenue
17,564
Gross Profit
21,981
Gross Margin
55.6%
Operating Income
12,823
Operating Margin
32.4%
Net Income
4,881
Net Margin
12.3%
EPS (Basic)
$1.01
EPS (Diluted)
$1.01
EBITDA
12,562
EBITDA Margin
31.8%