Vale (VALE) Capital Expenditures (2009 - 2025)

Vale's (VALE) quarterly Capital Expenditures came in at -$29.6 billion in Q4 2025, down 1236.33% year-on-year from $2.6 billion in Q4 2024, and down 2052.7% quarter-over-quarter from -$1.4 billion in Q3 2025.

Vale (VALE) Capital Expenditures (2009 - 2025) Analysis & Trends

Vale has disclosed Capital Expenditures across 17 years of filings, most recently posting -$29.6 billion for Q4 2025.

  • Capital Expenditures for Q4 2025 came in at -$29.6 billion, down 1236.33% year-over-year; the trailing twelve-month figure through Dec 2025 was -$33.4 billion (down 426.84% YoY), and the FY2025 annual result was -$33.4 billion, down 517915209.45% from the prior year.
  • Capital Expenditures came in at -$29.6 billion for Q4 2025 at Vale, down from -$1.4 billion in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of -$980.0 million in Q1 2021 to a low of -$29.6 billion in Q4 2025.
  • The 5-year median for Capital Expenditures is -$1.3 billion (2022), against an average of -$2.8 billion.
  • Across the five-year window, Capital Expenditures grew 12.81% in 2021 and plunged 1236.33% in 2025, its largest moves.
  • Vale's Capital Expenditures stood at -$1.8 billion in 2021, then decreased by 2.06% to -$1.8 billion in 2022, then dropped by 18.52% to -$2.1 billion in 2023, then dropped by 4.49% to -$2.2 billion in 2024, then slumped by 1236.33% to -$29.6 billion in 2025.
  • The last three Capital Expenditures figures came in at -$29.6 billion (Q4 2025), -$1.4 billion (Q3 2025), and -$1.2 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - -
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 77.38 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 15.29 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -2.59 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn 98.00 Mn
10 Vale 8.38 -7.83 Bn - -29.57 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -29.57 Bn
Dec 31, 2025 -29.57 Bn
Sep 30, 2025 -1.37 Bn
Sep 30, 2025 -1.37 Bn
Jun 30, 2025 -1.17 Bn
Jun 30, 2025 -1.17 Bn
Mar 31, 2025 -1.26 Bn
Mar 31, 2025 -1.26 Bn
Dec 31, 2024 -2.21 Bn
Dec 31, 2024 -2.21 Bn
Sep 30, 2024 -1.40 Bn
Sep 30, 2024 -1.40 Bn
Jun 30, 2024 -1.33 Bn
Jun 30, 2024 -1.33 Bn
Mar 31, 2024 -1.40 Bn
Mar 31, 2024 -1.40 Bn
Dec 31, 2023 -2.12 Bn
Dec 31, 2023 -2.12 Bn
Sep 30, 2023 -1.46 Bn
Sep 30, 2023 -1.46 Bn