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Side-by-side financial comparison of Advanced Micro Devices (AMD) and Vale S.A. (VALE). Click either name above to swap in a different company.

Advanced Micro Devices is the larger business by last-quarter revenue ($10.3B vs $8.8B, roughly 1.2× Vale S.A.). Vale S.A. runs the higher net margin — 24.3% vs 14.7%, a 9.5% gap on every dollar of revenue. On growth, Advanced Micro Devices posted the faster year-over-year revenue change (34.1% vs -11.3%).

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. AMD designs and produces high-performance CPUs, GPUs, and adaptive SoCs for data centers, gaming, PCs, and embedded systems. Its flagship product lines include Ryzen and EPYC processors, Radeon graphics, and Instinct AI accelerators. AMD acquired Xilinx in 2022, expanding into FPGAs and adaptive computing, and competes directly with Intel and NVIDIA.

Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.

AMD vs VALE — Head-to-Head

Bigger by revenue
AMD
AMD
1.2× larger
AMD
$10.3B
$8.8B
VALE
Growing faster (revenue YoY)
AMD
AMD
+45.4% gap
AMD
34.1%
-11.3%
VALE
Higher net margin
VALE
VALE
9.5% more per $
VALE
24.3%
14.7%
AMD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
AMD
AMD
VALE
VALE
Revenue
$10.3B
$8.8B
Net Profit
$1.5B
$2.1B
Gross Margin
54.3%
30.9%
Operating Margin
17.1%
22.8%
Net Margin
14.7%
24.3%
Revenue YoY
34.1%
-11.3%
Net Profit YoY
213.5%
-22.9%
EPS (diluted)
$0.92
$0.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMD
AMD
VALE
VALE
Q4 25
$10.3B
Q3 25
$9.2B
Q2 25
$7.7B
$8.8B
Q1 25
$7.4B
Q4 24
$7.7B
Q3 24
$6.8B
Q2 24
$5.8B
$9.9B
Q1 24
$5.5B
Net Profit
AMD
AMD
VALE
VALE
Q4 25
$1.5B
Q3 25
$1.2B
Q2 25
$872.0M
$2.1B
Q1 25
$709.0M
Q4 24
$482.0M
Q3 24
$771.0M
Q2 24
$265.0M
$2.8B
Q1 24
$123.0M
Gross Margin
AMD
AMD
VALE
VALE
Q4 25
54.3%
Q3 25
51.7%
Q2 25
39.8%
30.9%
Q1 25
50.2%
Q4 24
50.7%
Q3 24
50.1%
Q2 24
49.1%
36.0%
Q1 24
46.8%
Operating Margin
AMD
AMD
VALE
VALE
Q4 25
17.1%
Q3 25
13.7%
Q2 25
-1.7%
22.8%
Q1 25
10.8%
Q4 24
11.4%
Q3 24
10.6%
Q2 24
4.6%
39.1%
Q1 24
0.7%
Net Margin
AMD
AMD
VALE
VALE
Q4 25
14.7%
Q3 25
13.4%
Q2 25
11.3%
24.3%
Q1 25
9.5%
Q4 24
6.3%
Q3 24
11.3%
Q2 24
4.5%
27.9%
Q1 24
2.2%
EPS (diluted)
AMD
AMD
VALE
VALE
Q4 25
$0.92
Q3 25
$0.75
Q2 25
$0.54
$0.50
Q1 25
$0.44
Q4 24
$0.30
Q3 24
$0.47
Q2 24
$0.16
$0.65
Q1 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMD
AMD
VALE
VALE
Cash + ST InvestmentsLiquidity on hand
$10.6B
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$63.0B
$40.5B
Total Assets
$76.9B
$90.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMD
AMD
VALE
VALE
Q4 25
$10.6B
Q3 25
$7.2B
Q2 25
$5.9B
$5.5B
Q1 25
$7.3B
Q4 24
$5.1B
Q3 24
$4.5B
Q2 24
$5.3B
$6.5B
Q1 24
$6.0B
Stockholders' Equity
AMD
AMD
VALE
VALE
Q4 25
$63.0B
Q3 25
$60.8B
Q2 25
$59.7B
$40.5B
Q1 25
$57.9B
Q4 24
$57.6B
Q3 24
$57.0B
Q2 24
$56.5B
$38.4B
Q1 24
$56.2B
Total Assets
AMD
AMD
VALE
VALE
Q4 25
$76.9B
Q3 25
$76.9B
Q2 25
$74.8B
$90.4B
Q1 25
$71.5B
Q4 24
$69.2B
Q3 24
$69.6B
Q2 24
$67.9B
$86.6B
Q1 24
$67.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMD
AMD
VALE
VALE
Operating Cash FlowLast quarter
$2.6B
Free Cash FlowOCF − Capex
$2.4B
FCF MarginFCF / Revenue
23.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$6.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMD
AMD
VALE
VALE
Q4 25
$2.6B
Q3 25
$2.2B
Q2 25
$2.0B
Q1 25
$939.0M
Q4 24
$1.3B
Q3 24
$628.0M
Q2 24
$593.0M
Q1 24
$521.0M
Free Cash Flow
AMD
AMD
VALE
VALE
Q4 25
$2.4B
Q3 25
$1.9B
Q2 25
$1.7B
Q1 25
$727.0M
Q4 24
$1.1B
Q3 24
$496.0M
Q2 24
$439.0M
Q1 24
$379.0M
FCF Margin
AMD
AMD
VALE
VALE
Q4 25
23.2%
Q3 25
20.6%
Q2 25
22.5%
Q1 25
9.8%
Q4 24
14.2%
Q3 24
7.3%
Q2 24
7.5%
Q1 24
6.9%
Capex Intensity
AMD
AMD
VALE
VALE
Q4 25
2.2%
Q3 25
2.8%
Q2 25
3.7%
Q1 25
2.9%
Q4 24
2.7%
Q3 24
1.9%
Q2 24
2.6%
Q1 24
2.6%
Cash Conversion
AMD
AMD
VALE
VALE
Q4 25
1.72×
Q3 25
1.74×
Q2 25
2.31×
Q1 25
1.32×
Q4 24
2.70×
Q3 24
0.81×
Q2 24
2.24×
Q1 24
4.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMD
AMD

Other$5.4B52%
Client$3.1B30%
Embedded$950.0M9%
Gaming$843.0M8%

VALE
VALE

Segment breakdown not available.

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