NEM vs VALE
Newmont Corp. and Vale S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NEM | VALE |
|---|---|---|
| Revenue | $22.7B | $38.4B |
| Net income | $7.1B | $2.4B |
| Gross margin | 64.3% | 35.0% |
| Net margin | 31.6% | 5.2% |
| Return on equity | 22.2% | 7.0% |
| Diluted EPS | $6.39 | · |
| Dividend / share | $1.00 | · |
| Payout ratio | 15.6% | 251.8% |
| Free cash flow | $7.3B | · |
| Equity | $33.9B | $33.5B |
| Net debt / equity | −0.07× | · |
| Current ratio | 2.29× | 1.15× |
| Revenue CAGR 5y | 14.5% | −0.6% |
| Profit CAGR 5y | 20.2% | −13.6% |
VALE bills 1.7× the revenue of NEM, and NEM keeps more of each dollar of revenue as profit (31.6% 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 | NEM | VALE |
|---|---|---|
| FY2025 | $22.7B | $38.4B |
| FY2024 | $18.7B | $38.1B |
| FY2023 | $11.8B | $41.8B |
| FY2022 | $11.9B | $43.8B |
| FY2021 | $12.2B | $54.5B |
| FY2020 | $11.5B | $39.5B |
| FY2019 | $9.7B | $36.5B |
| FY2018 | $7.3B | $36.6B |
| FY2017 | $7.4B | $34.0B |
| FY2016 | $6.7B | $27.5B |
Bottom line
| Fiscal year | NEM | VALE |
|---|---|---|
| FY2025 | $7.1B | $2.4B |
| FY2024 | $3.3B | $6.2B |
| FY2023 | $-2.5B | $8.0B |
| FY2022 | $-429.0M | $18.8B |
| FY2021 | $1.2B | $22.4B |
| FY2020 | $2.8B | $4.9B |
| FY2019 | $2.8B | $-1.7B |
| FY2018 | $341.0M | $6.9B |
| FY2017 | $-114.0M | $5.5B |
| FY2016 | $-629.0M | $4.0B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$15,734,000,000 | VALE |
| FY2024 | −$19,374,000,000 | VALE |
| FY2023 | −$29,972,000,000 | VALE |
| FY2022 | −$31,924,000,000 | VALE |
| FY2021 | −$42,280,000,000 | VALE |
| FY2020 | −$28,048,000,000 | VALE |
| FY2019 | −$26,809,000,000 | VALE |
| FY2018 | −$29,322,000,000 | VALE |
| FY2017 | −$26,588,000,000 | VALE |
| FY2016 | −$20,808,000,000 | VALE |
| FY2015 | −$17,299,000,000 | VALE |
VALE has reported the higher revenue in every one of these 11 fiscal years. The gap has narrowed since the earliest year compared.
11 of 14 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +26.5 pp | NEM |
| FY2024 | +2.4 pp | NEM |
| FY2023 | −40.3 pp | VALE |
| FY2022 | −46.1 pp | VALE |
| FY2021 | −39.3 pp | VALE |
| FY2020 | +12.8 pp | NEM |
| FY2019 | +35.6 pp | NEM |
| FY2018 | −13.6 pp | VALE |
| FY2017 | −17.7 pp | VALE |
| FY2016 | −28.6 pp | VALE |
| FY2015 | +59.0 pp | NEM |
The higher net margin has changed hands between NEM and VALE over this period.
11 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VALE's net margin has been more volatile than NEM's over the 11 comparable fiscal years — 24.6 percentage points of standard deviation against 16.4.
11 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NEM and VALE over these 11 fiscal years — NEM led in 5 and VALE in 6.
11 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VALE's return on equity has been more volatile than NEM's over the 11 comparable fiscal years — 24.8 percentage points of standard deviation against 9.5.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between NEM and VALE over these 11 fiscal years — NEM led in 3 and VALE in 8.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.