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Agnico Eagle Mines vs Vale: revenue, profit, margins and growth compared

Agnico Eagle Mines brought in $11.9B of revenue in fiscal 2025, Vale $38.4B in fiscal 2025. Revenue changed by +43.7% at Agnico Eagle Mines and +0.9% at Vale on the year before, so Agnico Eagle Mines grew faster. Agnico Eagle Mines kept 37.5% of its revenue as net profit, Vale 6.1%.

Side by side, latest fiscal year

AEMVALE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.9B$38.4B
Revenue growth+43.7%+0.9%
Net income$4.5B$2.4B
Net margin37.5%6.1%
Free cash flow$4.4Bn/a
Free cash flow margin36.9%n/a
Earnings per share (diluted)$8.86n/a
Cash$2.9B$7.4B
Debtn/an/a
Price to earningsn/an/a
Market value$98.7B$58.1B
Dividend yieldn/an/a
Rank by revenue in sector#8 of 71 · Basic materials#1 of 71 · Basic materials

Over the years

Revenue
AEM FY2018: $2.2BAEM FY2019: $2.5BAEM FY2020: $3.1BAEM FY2021: $3.9BAEM FY2022: $5.7BAEM FY2023: $6.6BAEM FY2024: $8.3BAEM FY2025: $11.9BVALE FY2018: $36.6BVALE FY2019: $36.5BVALE FY2020: $39.5BVALE FY2021: $54.5BVALE FY2022: $43.8BVALE FY2023: $41.8BVALE FY2024: $38.1BVALE FY2025: $38.4BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $11.9BVALE $38.4B
Net income
AEM FY2018: -$326.7MAEM FY2019: $473.2MAEM FY2020: $511.6MAEM FY2021: $561.9MAEM FY2022: $670.2MAEM FY2023: $1.9BAEM FY2024: $1.9BAEM FY2025: $4.5BVALE FY2018: $6.9BVALE FY2019: -$1.7BVALE FY2020: $4.9BVALE FY2021: $22.4BVALE FY2022: $18.8BVALE FY2023: $8BVALE FY2024: $6.2BVALE FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $4.5BVALE $2.4B
Net margin
AEM FY2018: -14.9%AEM FY2019: 19.0%AEM FY2020: 16.3%AEM FY2021: 14.5%AEM FY2022: 11.7%AEM FY2023: 29.3%AEM FY2024: 22.9%AEM FY2025: 37.5%VALE FY2018: 18.8%VALE FY2019: -4.6%VALE FY2020: 12.3%VALE FY2021: 41.2%VALE FY2022: 42.9%VALE FY2023: 19.1%VALE FY2024: 16.2%VALE FY2025: 6.1%FY18FY19FY20FY21FY22FY23FY24FY25
AEM 37.5%VALE 6.1%
Revenue growth
AEM FY2019: +13.9%AEM FY2020: +25.7%AEM FY2021: +23.3%AEM FY2022: +48.4%AEM FY2023: +15.4%AEM FY2024: +25.0%AEM FY2025: +43.7%VALE FY2019: -0.1%VALE FY2020: +8.2%VALE FY2021: +37.8%VALE FY2022: -19.6%VALE FY2023: -4.7%VALE FY2024: -8.9%VALE FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
AEM +43.7%VALE +0.9%
Free cash flow
AEM FY2018: -$483.5MAEM FY2019: -$972KAEM FY2020: $432.7MAEM FY2021: $448.3MAEM FY2022: $558.4MAEM FY2023: $947.4MAEM FY2024: $2.1BAEM FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $4.4BVALE

Fiscal years as each company reports them; the two may end in different months.

Questions about Agnico Eagle Mines and Vale

Which is bigger by revenue, Agnico Eagle Mines or Vale?

Vale is bigger by revenue: $38.4B in fiscal 2025, against $11.9B for Agnico Eagle Mines in fiscal 2025.

Which keeps more of its revenue as profit, Agnico Eagle Mines or Vale?

Agnico Eagle Mines had a net margin of 37.5% in fiscal 2025; Vale had 6.1% in fiscal 2025.

Which grew revenue faster, Agnico Eagle Mines or Vale?

In their latest fiscal years revenue changed by +43.7% at Agnico Eagle Mines and +0.9% at Vale.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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