淡水河谷 VALE
$11.59 +$0.14 (+1.22%)
休市 · Nov 6, 8:20 pm ET · 最新盘后价 $11.62 +0.26%
开盘$11.38
昨收$11.45
当日区间$11.34 – $11.73
成交量38.86M
市值$49.32B
市盈率（TTM）72.4
股息率7.27%
基本面
最新报告季度：Q2, ended Jun 2026
营收$10.50B+19.2% YoY
营业利润$2.37B+4.5% YoY
净利润$1.41B-33.8% YoY
摊薄每股收益$0.32-36.0% YoY
自由现金流$1.17B+69.8% YoY
经营现金流$2.41B
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率34.8%
营业利润率28.7%
净利率5.1%
净资产收益率5.5%
资产收益率2.3%
投入资本回报率5.8%
流动比率1.19
负债/资产比率56.4%
现金及投资$5.77B
总负债$21.84B
净现金（净负债）-$16.07B
自由现金流/营收8.6%
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 报告营业总收入 | $10.50B | $9.26B | $38.40B | $11.06B | $10.42B |
| 营业总收入 | $10.50B | $9.26B | $38.40B | $11.06B | $10.42B |
| 营业成本 | $7.29B | $6.17B | $24.95B | $6.78B | $6.63B |
| 毛利润 | $3.20B | $3.09B | $13.46B | $4.28B | $3.79B |
| 营业费用 | $837.00M | $479.00M | $2.11B | $784.00M | $421.00M |
| 销售及管理费用 | $159.00M | $142.00M | $569.00M | $182.00M | $142.00M |
| -管理费用 | $159.00M | $142.00M | $569.00M | $182.00M | $142.00M |
| 研发费用 | $185.00M | $131.00M | $693.00M | $260.00M | $151.00M |
| 折旧、摊销与折耗 | $17.00M | $10.00M | $72.00M | $25.00M | $16.00M |
| -折旧与摊销 | $17.00M | $10.00M | $72.00M | $25.00M | $16.00M |
| 其他营业费用 | $476.00M | $196.00M | $779.00M | $317.00M | $112.00M |
| 营业利润 | $2.37B | $2.61B | $11.34B | $3.50B | $3.37B |
| 非经营性利息净收入（支出） | -$190.00M | -$636.00M | -$2.27B | -$970.00M | -$517.00M |
| 非经营性利息收入 | $219.00M | $18.00M | $68.00M | $5.00M | $28.00M |
| 非经营性利息支出 | $340.00M | $597.00M | $2.04B | $1.15B | $303.00M |
| 其他财务成本合计 | $69.00M | $57.00M | $300.00M | -$173.00M | $242.00M |
| 其他收入（支出） | -$395.00M | $475.00M | -$4.42B | -$4.63B | -$238.00M |
| 证券出售收益 | -$283.00M | $670.00M | $1.25B | -$113.00M | $178.00M |
| 权益法投资收益 | $100.00M | $36.00M | -$218.00M | -$369.00M | $160.00M |
| 特殊收益（费用） | -$212.00M | -$231.00M | -$5.45B | -$4.15B | -$576.00M |
| -减：资本性资产减值 | -$16.00M | – | $4.60B | $3.84B | $370.00M |
| -减：其他特殊支出 | $228.00M | $111.00M | $847.00M | $306.00M | $206.00M |
| 税前利润 | $1.78B | $2.45B | $4.65B | -$2.11B | $2.61B |
| 税费 | $368.00M | $505.00M | $2.67B | $2.14B | -$83.00M |
| 净利润 | $1.41B | $1.94B | $1.98B | -$4.24B | $2.70B |
| 持续经营利润 | $1.41B | $1.94B | $1.98B | -$4.24B | $2.70B |
| 少数股东权益 | $39.00M | $47.00M | -$369.00M | -$399.00M | $10.00M |
| 归属母公司净利润 | $1.38B | $1.89B | $2.35B | -$3.84B | $2.69B |
| 归属普通股股东净利润 | $1.38B | $1.89B | $2.35B | -$3.84B | $2.69B |
| 基本每股收益 | $0.32 | $0.44 | $0.55 | -$0.90 | $0.63 |
| 摊薄每股收益 | $0.32 | $0.44 | $0.55 | -$0.90 | $0.63 |
| 每股股息 | $0.00 | $0.00 | $1.17 | $0.45 | $0.35 |
| 其他税费 | – | $12.00M | $68.00M | – | – |
| -减：核销 | – | $120.00M | – | – | – |
| -销售及营销费用 | – | – | – | – | $25.00M |
资产负债表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 总资产 | $89.28B | $87.59B | $86.53B | $86.53B | $91.19B |
| 流动资产合计 | $17.66B | $16.75B | $18.29B | $18.29B | $16.49B |
| 现金及现金等价物与短期投资 | $5.77B | $5.28B | $7.57B | $7.57B | $6.09B |
| -现金及现金等价物 | $5.58B | $5.09B | $7.37B | $7.37B | $5.90B |
| -短期投资 | $188.00M | $194.00M | $194.00M | $194.00M | $189.00M |
| 应收款 | $4.34B | $3.76B | $3.85B | $3.85B | $3.81B |
| -应收账款 | $2.61B | $2.40B | $2.30B | $2.30B | $2.51B |
| -应收贷款 | $4.00M | $45.00M | $43.00M | $43.00M | $76.00M |
| -应收税款 | $1.72B | $1.31B | $1.51B | $1.51B | $1.23B |
| 存货 | $6.26B | $6.14B | $5.94B | $5.94B | $5.57B |
| 受限现金 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 其他流动资产 | $696.00M | $672.00M | $529.00M | $529.00M | $464.00M |
| 非流动资产合计 | $71.62B | $70.84B | $68.23B | $68.23B | $74.70B |
| 固定资产净值 | $46.40B | $45.67B | $43.63B | $43.63B | $45.30B |
| -固定资产原值 | $87.08B | $85.85B | $80.80B | $80.80B | $82.01B |
| -累计折旧 | -$40.68B | -$40.18B | -$37.18B | -$37.18B | -$36.72B |
| 投资及预付款 | $5.34B | $5.22B | $5.09B | $5.09B | $5.23B |
| -可供出售证券 | $75.00M | $69.00M | $63.00M | $63.00M | $58.00M |
| -长期股权投资 | $5.26B | $5.15B | $5.03B | $5.03B | $5.17B |
| 金融资产 | $463.00M | $377.00M | $203.00M | $203.00M | $276.00M |
| 一年以上应收账款 | $1.74B | $1.95B | $1.78B | $1.78B | $1.77B |
| 一年以上应收票据 | $246.00M | $245.00M | $207.00M | $207.00M | $73.00M |
| 商誉及其他无形资产 | $9.42B | $9.36B | $8.95B | $8.95B | $10.94B |
| -商誉 | $1.38B | $1.37B | $1.30B | $1.30B | $3.05B |
| -其他无形资产 | $8.04B | $8.00B | $7.66B | $7.66B | $7.89B |
| 一年以上递延资产 | $6.02B | $6.02B | $6.32B | $6.32B | $8.89B |
| 其他非流动资产 | $1.99B | $2.00B | $2.06B | $2.06B | $2.24B |
| 负债合计 | $50.33B | $50.04B | $52.18B | $52.18B | $48.91B |
| 流动负债合计 | $14.82B | $13.51B | $15.87B | $15.87B | $13.32B |
| 应付款 | $8.24B | $7.79B | $10.41B | $10.41B | $7.85B |
| -应付账款 | $6.20B | $5.49B | $5.57B | $5.57B | $5.65B |
| -应付税款合计 | $1.35B | $1.10B | $1.11B | $1.11B | $1.01B |
| -应付股利 | $21.00M | $21.00M | $2.65B | $2.65B | $0.00 |
| -一年内应付关联方款项 | $662.00M | $1.18B | $1.08B | $1.08B | $1.19B |
| 短期债务及融资租赁负债 | $1.28B | $762.00M | $682.00M | $682.00M | $645.00M |
| -一年内到期债务 | $1.11B | $602.00M | $522.00M | $522.00M | $470.00M |
| -一年内到期融资租赁负债 | $169.00M | $160.00M | $160.00M | $160.00M | $175.00M |
| 一年内预提费用 | $1.28B | $1.16B | $1.01B | $1.01B | $1.09B |
| 一年内递延负债 | $629.00M | $616.00M | $570.00M | $570.00M | $484.00M |
| 其他流动负债 | $2.51B | $2.50B | $2.07B | $2.07B | $2.25B |
| 非流动负债合计 | $35.52B | $36.53B | $36.31B | $36.31B | $35.59B |
| 长期应付账款及其他应付款 | $627.00M | $726.00M | $784.00M | $784.00M | $905.00M |
| 长期债务及融资租赁负债 | $20.73B | $21.43B | $21.12B | $21.12B | $20.57B |
| -长期债务 | $20.27B | $20.95B | $20.61B | $20.61B | $20.04B |
| -长期融资租赁负债 | $465.00M | $481.00M | $508.00M | $508.00M | $525.00M |
| 衍生产品负债 | $178.00M | $30.00M | $52.00M | $52.00M | $87.00M |
| 一年以上应付关联方款项 | $1.44B | $1.52B | $1.53B | $1.53B | $1.21B |
| 非流动负债 | $6.03B | $6.17B | $6.19B | $6.19B | $6.05B |
| 一年以上递延负债 | $1.84B | $1.96B | $1.93B | $1.93B | $2.15B |
| 员工福利 | $1.19B | $1.20B | $1.21B | $1.21B | $1.21B |
| 其他非流动负债 | $3.49B | $3.50B | $3.48B | $3.48B | $3.41B |
| 股东权益合计 | $38.95B | $37.55B | $34.35B | $34.35B | $42.28B |
| 股东权益 | $38.01B | $36.65B | $33.51B | $33.51B | $41.04B |
| 股本 | $61.71B | $61.61B | $61.61B | $61.61B | $61.61B |
| -普通股 | $61.71B | $61.61B | $61.61B | $61.61B | $61.61B |
| 留存收益 | $3.27B | $1.89B | $0.00 | $0.00 | $4.75B |
| 减：库存股 | $2.73B | $2.59B | $3.91B | $3.91B | $3.91B |
| 不影响留存收益的损益 | -$24.25B | -$24.27B | -$24.20B | -$24.20B | -$21.41B |
| 少数股东权益 | $935.00M | $901.00M | $841.00M | $841.00M | $1.24B |
现金流量表
| 项目 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| 经营活动现金流 | $2.41B | $1.88B | $8.80B | $2.70B | $2.58B |
| 持续经营经营活动现金流净额 | $2.41B | $1.88B | $8.80B | $2.70B | $2.58B |
| 持续经营净利润 | $1.78B | $2.45B | $4.65B | -$2.11B | $2.61B |
| 持续经营损益 | $183.00M | -$706.00M | -$1.03B | $482.00M | -$338.00M |
| 折旧、折耗与摊销 | $911.00M | $845.00M | $3.11B | $860.00M | $761.00M |
| 其他非现金项目 | $145.00M | $573.00M | $1.53B | -$2.44B | $3.32B |
| 营运资金变动 | $127.00M | -$863.00M | -$312.00M | $179.00M | -$231.00M |
| -应收款变动 | -$259.00M | -$119.00M | $120.00M | $170.00M | -$207.00M |
| -存货变动 | -$255.00M | -$214.00M | -$1.08B | -$349.00M | -$344.00M |
| -应付账款及应计费用变动 | $726.00M | -$262.00M | $875.00M | $48.00M | $105.00M |
| -其他营运资金变动 | -$85.00M | -$268.00M | -$231.00M | $310.00M | $215.00M |
| 投资活动现金流净额 | -$1.83B | -$1.27B | -$6.86B | -$2.25B | -$1.24B |
| 持续经营投资活动现金流净额 | -$1.83B | -$1.27B | -$6.86B | -$2.25B | -$1.24B |
| 投资购置及出售净额 | $59.00M | $58.00M | $337.00M | $143.00M | $61.00M |
| 其他投资变动净额 | -$678.00M | -$169.00M | -$2.40B | -$268.00M | -$971.00M |
| 筹资活动现金流 | -$109.00M | -$3.01B | $270.00M | $972.00M | -$977.00M |
| 持续经营筹资活动现金流净额 | -$109.00M | -$3.01B | $270.00M | $972.00M | -$977.00M |
| 债务发行及偿还净额 | $31.00M | -$189.00M | $3.83B | $1.07B | $508.00M |
| 普通股发行净额 | -$140.00M | -$74.00M | $0.00 | $0.00 | $0.00 |
| 已付现金股利 | $0.00 | -$2.75B | -$3.56B | -$97.00M | -$1.49B |
| 期末现金余额 | $5.58B | $5.09B | $7.37B | $7.37B | $5.90B |
| 现金净变动 | $475.00M | -$2.40B | $2.21B | $1.42B | $360.00M |
| 期初现金余额 | $5.09B | $7.37B | $4.95B | $5.90B | $5.51B |
| 汇率变动影响 | $17.00M | $110.00M | $212.00M | -$62.00M | $28.00M |
| 自由现金流 | $1.17B | $694.00M | $2.80B | $510.00M | $1.18B |
| 固定资产购置及出售净额 | – | -$1.19B | -$6.01B | -$2.19B | -$1.39B |
| 递延税款 | – | – | $68.00M | $14.00M | – |
| 业务购买及出售净额 | – | – | $891.00M | -$115.00M | $1.01B |
| 资本支出 | – | – | – | – | -$1.39B |
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