Vale S.A. (VALE)
Vale is one of the world's largest producers of iron ore, iron ore pellets and nickel, and it also produces copper, whose concentrates carry by-products including platinum group metals, gold, silver and cobalt. It reports two lines of business, Iron Ore Solutions and Vale Base Metals. Alongside the mines it operates large logistics systems of railways, maritime terminals and ports integrated with the mining operations, plus distribution centres for iron ore, and it holds energy investments through joint ventures and consortiums. The revenue tables are stated in US dollars, while Brazilian legal and settlement figures are in reais.
Vale S.A. files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2025 it reported revenue of USD 38,403 million, up 0.9% on the year before. Its profit attributable to shareholders was USD 2,352 million, down 61.9%.
Vale (VALE) in brief
Vale (VALE) reported revenue of USD 38.4 billion for the year to 31 December 2025, up 0.9% on the year before.
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Profit attributable to shareholders was USD 2.4 billion. Revenue was USD 38.1 billion in 2024, USD 41.8 billion in 2023, USD 43.8 billion in 2022 and USD 54.5 billion in 2021. Profit attributable to shareholders in the same years was USD 6.2 billion, USD 8.0 billion, USD 18.8 billion and USD 22.4 billion. Revenue fell 0.6% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of Vale was $49.4 billion.The share in the US
| Last close | $11.58 on 10 November 2026 |
| 52-week range | $10.97 (3 November 2026) to $17.82 (20 April 2026) |
| Over one year | down 5.9% |
| Market cap | $49.4 billion: 4,268,780,153 shares outstanding at 31 December 2025 (20-F), each US share standing for one ordinary share |
US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.
Ratios
From the latest annual report, the year to Dec 2025, in dollars
ROE7.0%
ROCE11.4%
Operating margin15.4%
Net margin6.1%
FCF marginn/a
Interest cover3.58
Debt to equity0.54
Cash conversionn/a
Share count, last 12 months-0.1%
Sales CAGR, 3 years-4.3%
Profit CAGR, 3 years-50.0%
EPSn/a
At the close of 10 November 2026
Price$11.58
Market cap$49.4 billion
Stock P/En/a
Price to book1.48
EV / EBITDAn/a
Dividend yield7.2%
Market cap / sales1.29
52-week high$17.82
52-week low$10.97
Price, 1 year-5.9%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
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The priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Vale S.A.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.VALEgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed. Sales and margin are each year's revenue and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet and its share count per US share. The dashed line is the median over the range shown. Drawn in your browser; the range and overlay you pick are remembered here only.The public record on VALE
| Dividends | $3.56 billion paid in cash dividends in FY2025 |
| Filings | 156 in twelve months: 153 reports on Form 6-K, most often vale informs on estimates update (6); vale clarifies press reports (4); trading of Securities by the Company itself, its subsidiaries and affiliates (2); vale clarifies Press Report (2); vale pays semi-annual remuneration on its participating debentures (2) |
| Planned insider sales | no Form 144 notice in twelve months |
| Options tape | put/call 0.85 by open interest at the 10 November 2026 close; the straddle prices a 3.1% move to 13 November 2026 |
| 13F holders | 549 funds reported a position for the quarter to 30 June 2026; largest Capital World Investors |
| Insider trading | 3 sales and 11 purchases on Form 4 in twelve months |
| Congress | 0 House trades disclosed in six months |
| Short interest | 59.2 million shares short, 1.43 days to cover at 30 October 2026 |
Income statement (profit and loss), 11 fiscal years
Play it forward: change any box and its column follows; every box opens at the company's own record, shown under the row's name, and says when you set it outside every year in the table.
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Each column runs from the latest year filed to the year chosen in its heading, at a yearly rate. Sales growth starts at the company's own five-year rate and eases a third of the way each year toward the median of the 13 peers in Non-Metallic and Industrial Metal Mining (12.7% a year), because a rate far from the rest rarely lasts. Before you open a year, the strip reads today's price backwards: the yearly sales growth that brings EPS, at the company's own margins, tax and share count, to today's price at the median P/E of the 13 peers in Non-Metallic and Industrial Metal Mining (24.8). Low, middle, high opens three columns for one year: the low and high cases take the company's own weaker and stronger years in the table (the lower and upper quarter of its yearly sales growth and operating margin) and the lower and higher of today's P/E and its peers'; the middle is the boxes as they open. Net income keeps the share that went to minority holders; EPS is net income over the diluted shares, on the same basis as the EPS in the table. The price is that year's EPS at the P/E you set, and the yearly return runs from today's price to the year's end. These are your assumptions and your arithmetic, not an estimate of ours. The link carries your columns, so you can send the forecast to someone.| Year to | Dec 2015 | Dec 2016 † | Dec 2017 † | Dec 2018 † | Dec 2019 † | Dec 2020 † | Dec 2021 † | Dec 2022 † | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23,384 | 27,488 | 33,967 | 36,575 | 36,549 | 39,545 | 54,502 | 43,839 | 41,784 | 38,056 | 38,403 |
| Cost of sales | 18,751 | 17,650 | 21,039 | 22,109 | 19,312 | 17,564 | 21,729 | 24,028 | 24,089 | 24,265 | 24,947 |
| Gross profit | 4,633 | 9,838 | 12,928 | 14,466 | 17,237 | 21,981 | 32,773 | 19,811 | 17,695 | 13,791 | 13,456 |
| Research and development | 395 | 319 | 340 | 373 | 413 | 415 | 549 | 660 | 723 | 790 | 693 |
| Selling, general and administrative | 612 | 507 | 531 | 523 | 474 | 491 | 481 | 515 | 553 | 622 | 641 |
| Operating profit | -6,231 | 7,052 | 10,930 | 11,955 | 3,893 | 12,823 | 27,693 | 17,208 | 14,205 | 10,788 | 5,897 |
| Finance costs | 18,446 | 2,677 | 3,273 | 2,314 | 3,684 | 1,158 | 1,249 | 1,179 | 1,459 | 1,473 | 1,647 |
| Profit before tax | -17,679 | 7,984 | 7,829 | 6,816 | -156 | 6,990 | 29,541 | 19,781 | 11,151 | 6,696 | 4,653 |
| Income tax | -5,249 | 2,781 | 1,495 | -172 | -595 | 735 | 4,697 | 2,971 | 3,046 | 721 | 2,670 |
| Profit for the year | -12,620 | 3,976 | 5,521 | 6,896 | -2,180 | 4,531 | 22,468 | 18,870 | 8,105 | 5,975 | 1,983 |
| Profit attributable to shareholders | -12,129 | 3,982 | 5,507 | 6,860 | -1,683 | 4,881 | 22,445 | 18,788 | 7,983 | 6,166 | 2,352 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
USD million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
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A line the company does not file under the standard tag is left out rather than estimated. A year marked † shows the figure as the company restated it in a later annual report (Dec 2016, Dec 2017, Dec 2018, Dec 2019, Dec 2020, Dec 2021, Dec 2022); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.Revenue by product or service
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Share of the parts, latest year | |
|---|---|---|---|---|---|---|---|
| Iron Ore | 27,123 | 38,324 | 28,188 | 27,760 | 24,805 | 25,010 | 65.1% |
| Iron Ore Pellets | 4,242 | 7,053 | 6,256 | 5,803 | 5,921 | 4,396 | 11.4% |
| Nickel And Other Products | 4,652 | 5,376 | 6,619 | 5,193 | 3,666 | 4,291 | 11.2% |
| Copper | n/a | 2,590 | 1,779 | 2,376 | 2,805 | 3,753 | 9.8% |
| Other Ferrous Products And Services | 551 | 548 | 472 | 516 | 718 | 724 | 1.9% |
| Other | 802 | 611 | 525 | 136 | 141 | 229 | 0.6% |
| Base Metals | 2,175 | n/a | n/a | n/a | n/a | n/a | n/a |
Iron OreIron Ore PelletsNickel And Other ProductsCopper FY2021 to FY2025Other Ferrous Products And ServicesOtherBase Metals FY2020
USD billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then
USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.
Revenue by region
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Share of the parts, latest year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Country Of China | n/a | n/a | n/a | n/a | n/a | n/a | 28,603 | 22,824 | 22,210 | 19,375 | 19,405 | 50.5% |
| Asia Except Japan And China | 2,240 | 2,390 | 3,582 | 3,666 | 2,848 | 2,999 | 4,501 | 2,498 | 2,675 | 2,887 | 3,873 | 10.1% |
| Europe Except Germany | 3,096 | 3,269 | 4,113 | 4,454 | 3,229 | 3,570 | 4,696 | 3,836 | 3,677 | 3,019 | 3,871 | 10.1% |
| Country Of Brazil | n/a | n/a | n/a | n/a | n/a | n/a | 5,164 | 4,137 | 3,755 | 3,565 | 3,135 | 8.2% |
| Country Of Japan | n/a | n/a | n/a | n/a | n/a | n/a | 4,523 | 3,535 | 3,219 | 3,050 | 2,425 | 6.3% |
| Middle East Africa And Oceania | 1,190 | 1,367 | 1,952 | 2,738 | 2,103 | 1,435 | 2,155 | 2,646 | 2,377 | 2,648 | 1,970 | 5.1% |
| Country Of Germany | n/a | n/a | n/a | n/a | n/a | n/a | 2,034 | 1,521 | 1,351 | 1,467 | 1,853 | 4.8% |
| Country Of United States Of America | n/a | n/a | n/a | n/a | n/a | n/a | 1,543 | 1,643 | 1,623 | 1,075 | 1,108 | 2.9% |
| Americas Except United States And Brazil | 1,499 | 1,526 | 1,672 | 1,478 | 1,358 | 760 | 1,283 | 1,199 | 897 | 970 | 763 | 2.0% |
| Brazil | 2,017 | 2,064 | 3,475 | 3,248 | 3,268 | 2,897 | n/a | n/a | n/a | n/a | n/a | n/a |
| China | 9,095 | 12,747 | 14,018 | 15,242 | 18,242 | 23,124 | n/a | n/a | n/a | n/a | n/a | n/a |
| Germany | 1,433 | 1,379 | 1,389 | 1,653 | 1,683 | 1,526 | n/a | n/a | n/a | n/a | n/a | n/a |
| Japan | 1,959 | 1,741 | 2,456 | 2,743 | 2,483 | 2,193 | n/a | n/a | n/a | n/a | n/a | n/a |
| United States | 855 | 1,005 | 1,310 | 1,353 | 1,335 | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| United States Of America | n/a | n/a | n/a | n/a | n/a | 1,041 | n/a | n/a | n/a | n/a | n/a | n/a |
Country Of China FY2021 to FY2025Asia Except Japan And ChinaEurope Except GermanyCountry Of Brazil FY2021 to FY2025Country Of Japan FY2021 to FY2025Middle East Africa And OceaniaCountry Of Germany FY2021 to FY2025China FY2015 to FY2020Brazil FY2015 to FY2020Japan FY2015 to FY2020Germany FY2015 to FY2020Other
USD billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then
USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.
Cash flow statement
Follow the cash: free cash flow, which is operating cash flow less capital expenditure and share-based pay, for five years and after, in today's money.
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The figure a share at the top is what a discounted cash flow calls intrinsic value, worked out on your assumptions. Everything after year five is one sum: the sixth year's cash, growing at the long-run rate every year after, added up and brought back to today's money. Each year runs from the latest year filed. Sales growth opens where Play it forward does: the company's own five-year rate, easing a third of the way each year toward the median of the 13 peers in Non-Metallic and Industrial Metal Mining (12.7% a year); change a year and the years after it follow. Operating cash flow, capital expenditure and share-based pay open at the company's own median share of sales over its last five years, shown under each row. Share-based pay is taken off because operating cash flow adds back the shares paid to staff as if they cost nothing; set it to 0 to leave it in. Capital spending counts every capital line the company files in its cash flow, such as equipment it leases to customers, software, wells or property it develops, named under the row, while the Capital expenditure row in the table below stays the one line as filed; buying a business, securities or a finished property is not counted. The discount rate opens at 10%, about what US stocks have returned a year over the long run, so it is the return you give up by holding this company instead of the market; the growth after year five opens at 3%, a little under the US economy's long-run growth in dollars, because no company outgrows it for ever. Net debt is the debt and short-term borrowings less the cash on the latest balance sheet that shows the debt; the figure per share divides what is left by the diluted share count. These are your assumptions and your arithmetic, not an estimate of ours. The link carries them, so you can send them to someone.| Year to | Dec 2015 | Dec 2016 † | Dec 2017 † | Dec 2018 † | Dec 2019 † | Dec 2020 † | Dec 2021 † | Dec 2022 † | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3,932 | 6,401 | 12,450 | 12,901 | 12,110 | 14,322 | 25,679 | n/a | n/a | n/a | n/a |
| Purchase of property, plant and equipment | 8,114 | 4,951 | 3,831 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Free cash flow | -4,182 | 1,450 | 8,619 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Cash from investing | n/a | n/a | n/a | n/a | -6,989 | -4,669 | -6,610 | -4,686 | -6,319 | -5,368 | -6,864 |
| Cash from financing | n/a | n/a | n/a | n/a | -3,495 | -2,676 | -20,284 | -13,911 | -7,339 | -2,275 | 270 |
| Depreciation and amortisation | 3,719 | 3,554 | 3,509 | 3,211 | 3,503 | 2,746 | -2,626 | 2,669 | 2,842 | 2,813 | 2,916 |
| Buybacks | n/a | n/a | n/a | 1,000 | n/a | n/a | 5,546 | 6,036 | 2,714 | 409 | n/a |
| Dividends paid | 1,500 | 250 | 1,456 | 3,313 | n/a | 3,350 | 13,483 | 6,603 | 5,513 | 3,914 | 3,561 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
USD million, from the cash flow statement as filed.
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Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.Balance sheet at year end
| Year to | Dec 2015 | Dec 2016 † | Dec 2017 † | Dec 2018 † | Dec 2019 † | Dec 2020 † | Dec 2021 † | Dec 2022 † | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funded by | |||||||||||
| Equity attributable to shareholders | 35,704 | 39,042 | 43,458 | 43,985 | 40,067 | 35,744 | 34,472 | 35,867 | 39,461 | 33,406 | 33,509 |
| Non-controlling interests | n/a | 1,982 | 1,314 | 847 | -1,074 | -923 | 834 | 1,491 | 1,520 | 1,122 | 841 |
| Borrowings, as filed | n/a | 29,322 | 22,489 | 15,466 | 13,056 | 15,027 | 13,782 | 11,181 | 12,471 | 14,792 | 18,134 |
| Lease liabilities | n/a | n/a | n/a | n/a | 1,791 | 1,667 | 1,602 | 1,531 | 1,452 | 713 | 668 |
| Other liabilities | n/a | 28,668 | 31,923 | 27,892 | 37,873 | 40,492 | 38,752 | 36,824 | 39,282 | 30,119 | 33,373 |
| Total equity and liabilities | n/a | 99,014 | 99,184 | 88,190 | 91,713 | 92,007 | 89,442 | 86,894 | 94,186 | 80,152 | 86,525 |
| Owned | |||||||||||
| Property, plant and equipment | 54,102 | 55,419 | 54,878 | 48,385 | 46,576 | 41,148 | 41,931 | 44,938 | 48,396 | 39,984 | 43,625 |
| Goodwill | n/a | n/a | n/a | n/a | n/a | n/a | 3,208 | n/a | n/a | n/a | n/a |
| Cash and cash equivalents | 3,591 | 4,328 | 5,784 | 5,784 | 7,350 | 13,487 | 11,721 | 4,736 | 3,609 | 4,953 | 7,372 |
| Inventories | n/a | 3,349 | 3,926 | 4,443 | 4,274 | 4,061 | 4,377 | 4,482 | 4,684 | 4,605 | 5,937 |
| Other assets | n/a | 35,918 | 34,596 | 29,578 | 33,513 | 33,311 | 28,205 | 32,738 | 37,497 | 30,610 | 29,591 |
| Total assets | n/a | 99,014 | 99,184 | 88,190 | 91,713 | 92,007 | 89,442 | 86,894 | 94,186 | 80,152 | 86,525 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
USD million, at each fiscal year end.
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Both totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.Ratios on the filed lines
| Year to | Dec 2015 | Dec 2016 † | Dec 2017 † | Dec 2018 † | Dec 2019 † | Dec 2020 † | Dec 2021 † | Dec 2022 † | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 19.8% | 35.8% | 38.1% | 39.6% | 47.2% | 55.6% | 60.1% | 45.2% | 42.3% | 36.2% | 35.0% |
| Operating margin | -26.6% | 25.7% | 32.2% | 32.7% | 10.7% | 32.4% | 50.8% | 39.3% | 34.0% | 28.3% | 15.4% |
| Net margin | -51.9% | 14.5% | 16.2% | 18.8% | -4.6% | 12.3% | 41.2% | 42.9% | 19.1% | 16.2% | 6.1% |
| Free cash flow margin | -17.9% | 5.3% | 25.4% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Return on year-end equity | -34.0% | 10.2% | 12.7% | 15.6% | -4.2% | 13.7% | 65.1% | 52.4% | 20.2% | 18.5% | 7.0% |
| Effective tax rate | n/a | 34.8% | 19.1% | -2.5% | n/a | 10.5% | 15.9% | 15.0% | 27.3% | 10.8% | 57.4% |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.
Questions
What was Vale's revenue in 2025?
Vale (VALE) reported revenue of USD 38.4 billion for the year to 31 December 2025, up 0.9% on the year before.
How much did Vale earn in 2025?
Profit attributable to shareholders was USD 2.4 billion for the year to 31 December 2025.
What is Vale's market cap?
The market cap of Vale was $49.4 billion at the close of 10 November 2026.
Peers: Non-Metallic and Industrial Metal Mining
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| BHP Group Limited BHP * | $206.1 billion | 20.99 | 19.3% | 40.6% | 14.6% | 0.46 | 3.3% |
| Southern Copper Corp. SCCO | $143.9 billion | 22.30 | 47.0% | 58.6% | 38.7% | 0.59 | 1.8% |
| Rio Tinto plc RIO * | $137.6 billion | 13.90 | 16.0% | 25.9% | 7.4% | 0.35 | 4.5% |
| Freeport-McMoRan Inc. FCX | $86.5 billion | 25.34 | 16.4% | 27.6% | 1.7% | 0.45 | 1.0% |
| Vale S.A. VALE * | $49.4 billion | n/a | 7.0% | 15.4% | 0.9% | 0.54 | 7.2% |
| Martin Marietta Materials Inc. MLM | $37.6 billion | 13.99 | 13.0% | 18.2% | 19.6% | 0.73 | 0.6% |
| Vulcan Materials Co. VMC | $36.8 billion | 33.99 | 13.1% | 20.3% | 1.6% | 0.56 | 0.7% |
| Cleveland-Cliffs Inc. CLF | $7.3 billion | n/a | -8.3% | -1.4% | 7.8% | 1.34 | n/a |
| MP Materials Corp. MP | $6.5 billion | n/a | -2.0% | -20.5% | 71.6% | 0.48 | n/a |
| USA Rare Earth, Inc. USAR | $1.9 billion | n/a | n/a | n/a | n/a | 0.00 | n/a |
| Ivanhoe Electric Inc. IE | $1.2 billion | n/a | -9.6% | 285.9% | -13.4% | 0.07 | n/a |
| Niocorp Developments Ltd. NB | $438 million | n/a | n/a | n/a | n/a | 0.00 | n/a |
All 23 in Non-Metallic and Industrial Metal Mining
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| BHP Group Limited BHP * | $206.1 billion | 20.99 | 19.3% | 40.6% | 14.6% | 0.46 | 3.3% |
| Southern Copper Corp. SCCO | $143.9 billion | 22.30 | 47.0% | 58.6% | 38.7% | 0.59 | 1.8% |
| Rio Tinto plc RIO * | $137.6 billion | 13.90 | 16.0% | 25.9% | 7.4% | 0.35 | 4.5% |
| Freeport-McMoRan Inc. FCX | $86.5 billion | 25.34 | 16.4% | 27.6% | 1.7% | 0.45 | 1.0% |
| Vale S.A. VALE * | $49.4 billion | n/a | 7.0% | 15.4% | 0.9% | 0.54 | 7.2% |
| Martin Marietta Materials Inc. MLM | $37.6 billion | 13.99 | 13.0% | 18.2% | 19.6% | 0.73 | 0.6% |
| Vulcan Materials Co. VMC | $36.8 billion | 33.99 | 13.1% | 20.3% | 1.6% | 0.56 | 0.7% |
| Hecla Mining Co. HL | $9.6 billion | 25.50 | 13.6% | 47.0% | 29.7% | 0.00 | 0.1% |
| Cleveland-Cliffs Inc. CLF | $7.3 billion | n/a | -8.3% | -1.4% | 7.8% | 1.34 | n/a |
| MP Materials Corp. MP | $6.5 billion | n/a | -2.0% | -20.5% | 71.6% | 0.48 | n/a |
| Uranium Energy Corp. UEC | $3.5 billion | n/a | -10.0% | -357.4% | -44.3% | 0.00 | n/a |
| United States Lime & Minerals Inc. USLM | $3.4 billion | 25.47 | 18.2% | 41.2% | 4.5% | 0.00 | 0.2% |
| Knife River Corp. KNF | $3.3 billion | 24.75 | 7.7% | 8.1% | 10.9% | 0.89 | n/a |
| USA Rare Earth, Inc. USAR | $1.9 billion | n/a | n/a | n/a | n/a | 0.00 | n/a |
| Energy Fuels Inc. UUUU | $1.8 billion | n/a | -12.2% | -81.0% | 48.9% | 0.71 | n/a |
| Centrus Energy Corp. LEU | $1.5 billion | 32.09 | 6.9% | -1.3% | 0.1% | 1.07 | n/a |
| Ivanhoe Electric Inc. IE | $1.2 billion | n/a | -9.6% | 285.9% | -13.4% | 0.07 | n/a |
| Compass Minerals International Inc. CMP | $965 million | 53.43 | 7.0% | 8.9% | 5.5% | 2.72 | n/a |
| Intrepid Potash, Inc. IPI | $441 million | 18.27 | 4.7% | 2.2% | n/a | 0.00 | n/a |
| Niocorp Developments Ltd. NB | $438 million | n/a | n/a | n/a | n/a | 0.00 | n/a |
| American Battery Technology Co. ABAT | $186 million | n/a | -58.1% | -343.6% | 406.8% | 0.06 | n/a |
| Smart Sand, Inc. SND | $159 million | 10.71 | 6.5% | 2.9% | 21.2% | 0.06 | 3.7% |
| enCore Energy Corp. EU | $123 million | n/a | -28.1% | -91.2% | 24.1% | 0.50 | n/a |
9 companies share its SEC industry code (Metal Mining); the rest are the names nearest in size in its wider industry, Non-Metallic and Industrial Metal Mining, one of the Fama-French 48 industries, a published grouping of SEC industry codes.