Vale (VALE) Gross Margin (2009 - 2025)
Vale's (VALE) quarterly Gross Margin came in at 36.35% in Q3 2025, up 210.0% year-on-year from 11.73% in Q3 2024, and up 17.71% quarter-over-quarter from 30.88% in Q2 2025.
Vale (VALE) Gross Margin (2009 - 2025) Analysis & Trends
Vale has disclosed Gross Margin across 17 years of filings, most recently posting 36.35% for Q3 2025.
- Gross Margin for Q3 2025 came in at 36.35%, up 210.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 34.79% (down 446.0% YoY), and the FY2024 annual result was 36.24%, down 611.0% from the prior year.
- Gross Margin came in at 36.35% for Q3 2025 at Vale, up from 30.88% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 66.91% in Q2 2021 to a low of 30.88% in Q2 2025.
- The 5-year median for Gross Margin is 40.06% (2022), against an average of 43.79%.
- Across the five-year window, Gross Margin soared 2715 bps in 2021 and slumped 2024 bps in 2022, its largest moves.
- Vale's Gross Margin stood at 50.45% in 2021, then retreated by 21 bps to 40.06% in 2022, then climbed by 18 bps to 47.16% in 2023, then decreased by 19 bps to 38.11% in 2024, then dropped by 5 bps to 36.35% in 2025.
- The last three Gross Margin figures came in at 36.35% (Q3 2025), 30.88% (Q2 2025), and 32.86% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 18.10% |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 14.88% |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 60.38% |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 45.46% |
| 10 | Vale | 8.38 | -7.83 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 36.35% |
| Jun 30, 2025 | 30.88% |
| Mar 31, 2025 | 32.86% |
| Dec 31, 2024 | 38.11% |
| Sep 30, 2024 | 34.25% |
| Jun 30, 2024 | 36.00% |
| Mar 31, 2024 | 36.55% |
| Dec 31, 2023 | 47.16% |
| Sep 30, 2023 | 40.61% |
| Jun 30, 2023 | 38.59% |
| Mar 31, 2023 | 41.32% |
| Dec 31, 2022 | 40.06% |
| Sep 30, 2022 | 36.54% |
| Jun 30, 2022 | 46.67% |
| Mar 31, 2022 | 57.25% |
| Dec 31, 2021 | 50.45% |
| Sep 30, 2021 | 55.62% |
| Jun 30, 2021 | 66.91% |
| Mar 31, 2021 | 65.76% |
| Dec 31, 2020 | 69.71% |