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Side-by-side financial comparison of Vale S.A. (VALE) and XP Inc. (XP). Click either name above to swap in a different company.
XP Inc. is the larger business by last-quarter revenue ($13.5B vs $8.8B, roughly 1.5× Vale S.A.). Vale S.A. runs the higher net margin — 24.3% vs 0.0%, a 24.3% gap on every dollar of revenue.
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.
XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.
VALE vs XP — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $13.5B |
| Net Profit | $2.1B | $22.0K |
| Gross Margin | 30.9% | — |
| Operating Margin | 22.8% | 1.1% |
| Net Margin | 24.3% | 0.0% |
| Revenue YoY | -11.3% | — |
| Net Profit YoY | -22.9% | — |
| EPS (diluted) | $0.50 | $536884.00 |
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.
| Q3 25 | — | $13.5B | ||
| Q2 25 | $8.8B | $8.8B | ||
| Q1 25 | — | $4.3B | ||
| Q3 24 | — | $12.6B | ||
| Q2 24 | $9.9B | $8.3B | ||
| Q1 24 | — | $4.1B | ||
| Q2 23 | $9.7B | — | ||
| Q2 22 | $11.2B | — |
| Q3 25 | — | $22.0K | ||
| Q2 25 | $2.1B | $22.0K | ||
| Q1 25 | — | $22.0K | ||
| Q3 24 | — | $21.0K | ||
| Q2 24 | $2.8B | $21.0K | ||
| Q1 24 | — | $21.0K | ||
| Q2 23 | $928.0M | — | ||
| Q2 22 | $6.2B | — |
| Q3 25 | — | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 36.0% | — | ||
| Q1 24 | — | — | ||
| Q2 23 | 38.6% | — | ||
| Q2 22 | 46.7% | — |
| Q3 25 | — | 1.1% | ||
| Q2 25 | 22.8% | 1.0% | ||
| Q1 25 | — | 1.1% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | 39.1% | 0.9% | ||
| Q1 24 | — | 1.0% | ||
| Q2 23 | 29.7% | — | ||
| Q2 22 | 38.5% | — |
| Q3 25 | — | 0.0% | ||
| Q2 25 | 24.3% | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 27.9% | 0.0% | ||
| Q1 24 | — | 0.0% | ||
| Q2 23 | 9.6% | — | ||
| Q2 22 | 55.6% | — |
| Q3 25 | — | $536884.00 | ||
| Q2 25 | $0.50 | $537811.00 | ||
| Q1 25 | — | $539533.00 | ||
| Q3 24 | — | $550958.00 | ||
| Q2 24 | $0.65 | $554030.00 | ||
| Q1 24 | — | $556675.00 | ||
| Q2 23 | $0.20 | — | ||
| Q2 22 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.5B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $40.5B | $20.0B |
| Total Assets | $90.4B | $347.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $6.5B | — | ||
| Q1 24 | — | — | ||
| Q2 23 | $5.0B | — | ||
| Q2 22 | $7.2B | — |
| Q3 25 | — | $20.0B | ||
| Q2 25 | $40.5B | $20.0B | ||
| Q1 25 | — | $20.0B | ||
| Q3 24 | — | $19.5B | ||
| Q2 24 | $38.4B | $19.5B | ||
| Q1 24 | — | $19.5B | ||
| Q2 23 | $40.3B | — | ||
| Q2 22 | $37.0B | — |
| Q3 25 | — | $347.5B | ||
| Q2 25 | $90.4B | $347.5B | ||
| Q1 25 | — | $347.5B | ||
| Q3 24 | — | $249.0B | ||
| Q2 24 | $86.6B | $249.0B | ||
| Q1 24 | — | $249.0B | ||
| Q2 23 | $91.5B | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
