FCX vs VALE
Freeport-mcmoran Inc. and Vale S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | FCX | VALE |
|---|---|---|
| Revenue | $25.9B | $38.4B |
| Net income | $4.2B | $2.4B |
| Gross margin | 28.2% | 35.0% |
| Net margin | 16.0% | 5.2% |
| Return on equity | · | 7.0% |
| Diluted EPS | · | · |
| Dividend / share | $0.60 | · |
| Payout ratio | · | 251.8% |
| Free cash flow | $1.1B | · |
| Equity | $18.9B | $33.5B |
| Net debt / equity | 0.29× | · |
| Current ratio | 2.29× | 1.15× |
| Revenue CAGR 5y | 12.8% | −0.6% |
| Profit CAGR 5y | 36.9% | −13.6% |
VALE bills 1.5× the revenue of FCX, and FCX keeps more of each dollar of revenue as profit (16.0% against 5.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | FCX | VALE |
|---|---|---|
| FY2025 | $25.9B | $38.4B |
| FY2024 | $25.5B | $38.1B |
| FY2023 | $22.9B | $41.8B |
| FY2022 | $23.3B | $43.8B |
| FY2021 | $22.8B | $54.5B |
| FY2020 | $14.2B | $39.5B |
| FY2019 | $14.4B | $36.5B |
| FY2018 | $18.9B | $36.6B |
| FY2017 | $16.4B | $34.0B |
| FY2016 | $14.8B | $27.5B |
Bottom line
| Fiscal year | FCX | VALE |
|---|---|---|
| FY2025 | $4.2B | $2.4B |
| FY2024 | $4.4B | $6.2B |
| FY2023 | $3.8B | $8.0B |
| FY2022 | $4.5B | $18.8B |
| FY2021 | $5.4B | $22.4B |
| FY2020 | $865.0M | $4.9B |
| FY2019 | $-189.0M | $-1.7B |
| FY2018 | $2.9B | $6.9B |
| FY2017 | $2.1B | $5.5B |
| FY2016 | $-4.0B | $4.0B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$12,488,000,000 | VALE |
| FY2024 | −$12,601,000,000 | VALE |
| FY2023 | −$18,929,000,000 | VALE |
| FY2022 | −$20,568,000,000 | VALE |
| FY2021 | −$31,657,000,000 | VALE |
| FY2020 | −$25,347,000,000 | VALE |
| FY2019 | −$22,147,000,000 | VALE |
| FY2018 | −$17,630,000,000 | VALE |
| FY2017 | −$17,564,000,000 | VALE |
| FY2016 | −$12,658,000,000 | VALE |
| FY2015 | −$8,777,000,000 | VALE |
VALE has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +10.9 pp | FCX |
| FY2024 | +1.6 pp | FCX |
| FY2023 | −3.0 pp | VALE |
| FY2022 | −23.8 pp | VALE |
| FY2021 | −17.7 pp | VALE |
| FY2020 | −5.4 pp | VALE |
| FY2019 | +4.7 pp | FCX |
| FY2018 | −3.6 pp | VALE |
| FY2017 | −3.5 pp | VALE |
| FY2016 | −41.6 pp | VALE |
| FY2015 | −28.8 pp | VALE |
The higher net margin has changed hands between FCX and VALE over this period.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FCX's net margin has been more volatile than VALE's over the 11 comparable fiscal years — 29.8 percentage points of standard deviation against 24.6.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FCX and VALE over these 11 fiscal years — FCX led in 3 and VALE in 8.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.