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Nexa Resources vs Vale: revenue, profit, margins and growth compared

Nexa Resources brought in $3B of revenue in fiscal 2025, Vale $38.4B in fiscal 2025. Revenue changed by +8.5% at Nexa Resources and +0.9% at Vale on the year before, so Nexa Resources grew faster. Nexa Resources kept 4.4% of its revenue as net profit, Vale 6.1%.

Side by side, latest fiscal year

NEXAVALE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3B$38.4B
Revenue growth+8.5%+0.9%
Net income$132.6M$2.4B
Net margin4.4%6.1%
Free cash flow$13.1Mn/a
Free cash flow margin0.4%n/a
Earnings per share (diluted)$1.00n/a
Cash$515.9M$7.4B
Debt$1.7Bn/a
Price to earningsn/an/a
Market value$1.6B$58.1B
Dividend yieldn/an/a
Rank by revenue in sector#16 of 71 · Basic materials#1 of 71 · Basic materials

Over the years

Revenue
NEXA FY2018: $2.5BNEXA FY2019: $2.3BNEXA FY2020: $2BNEXA FY2021: $2.6BNEXA FY2022: $3BNEXA FY2023: $2.6BNEXA FY2024: $2.8BNEXA FY2025: $3BVALE FY2018: $36.6BVALE FY2019: $36.5BVALE FY2020: $39.5BVALE FY2021: $54.5BVALE FY2022: $43.8BVALE FY2023: $41.8BVALE FY2024: $38.1BVALE FY2025: $38.4BFY18FY19FY20FY21FY22FY23FY24FY25
NEXA $3BVALE $38.4B
Net income
NEXA FY2018: $77MNEXA FY2019: -$145.1MNEXA FY2020: -$559.2MNEXA FY2021: $114.3MNEXA FY2022: $49.7MNEXA FY2023: -$292MNEXA FY2024: -$205MNEXA FY2025: $132.6MVALE FY2018: $6.9BVALE FY2019: -$1.7BVALE FY2020: $4.9BVALE FY2021: $22.4BVALE FY2022: $18.8BVALE FY2023: $8BVALE FY2024: $6.2BVALE FY2025: $2.4BFY18FY19FY20FY21FY22FY23FY24FY25
NEXA $132.6MVALE $2.4B
Net margin
NEXA FY2018: 3.1%NEXA FY2019: -6.2%NEXA FY2020: -28.7%NEXA FY2021: 4.4%NEXA FY2022: 1.6%NEXA FY2023: -11.3%NEXA FY2024: -7.4%NEXA FY2025: 4.4%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
NEXA 4.4%VALE 6.1%
Revenue growth
NEXA FY2019: -6.4%NEXA FY2020: -16.4%NEXA FY2021: +34.4%NEXA FY2022: +15.7%NEXA FY2023: -15.2%NEXA FY2024: +7.5%NEXA FY2025: +8.5%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
NEXA +8.5%VALE +0.9%
Free cash flow
NEXA FY2018: $47.8MNEXA FY2019: -$273.8MNEXA FY2020: -$32MNEXA FY2021: $7.8MNEXA FY2022: -$113.5MNEXA FY2023: -$54MNEXA FY2024: $92.4MNEXA FY2025: $13.1MFY18FY19FY20FY21FY22FY23FY24FY25
NEXA $13.1MVALE

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

Questions about Nexa Resources and Vale

Which is bigger by revenue, Nexa Resources or Vale?

Vale is bigger by revenue: $38.4B in fiscal 2025, against $3B for Nexa Resources in fiscal 2025.

Which keeps more of its revenue as profit, Nexa Resources or Vale?

Nexa Resources had a net margin of 4.4% in fiscal 2025; Vale had 6.1% in fiscal 2025.

Which grew revenue faster, Nexa Resources or Vale?

In their latest fiscal years revenue changed by +8.5% at Nexa Resources 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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