Vale (VALE) Net Margin (2009 - 2025)
Vale's (VALE) quarterly Net Margin came in at 25.06% in Q3 2025, down 353.0% year-on-year from 9.9% in Q3 2024, and up 4.2% quarter-over-quarter from 24.05% in Q2 2025.
Vale (VALE) Net Margin (2009 - 2025) Analysis & Trends
Vale has disclosed Net Margin across 17 years of filings, most recently posting 25.06% for Q3 2025.
- Net Margin for Q3 2025 came in at 25.06%, down 353.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 18.09% (down 863.0% YoY), and the FY2024 annual result was 14.28%, down 517.0% from the prior year.
- Net Margin came in at 25.06% for Q3 2025 at Vale, up from 24.05% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 49.1% in Q2 2021 to a low of 0.76% in Q4 2024.
- The 5-year median for Net Margin is 28.58% (2024), against an average of 30.55%.
- Across the five-year window, Net Margin soared 3706 bps in 2021 and slumped 2753 bps in 2023, its largest moves.
- Vale's Net Margin stood at 41.37% in 2021, then dropped by 24 bps to 31.34% in 2022, then tumbled by 40 bps to 18.76% in 2023, then sank by 104 bps to 0.76% in 2024, then surged by 3415 bps to 25.06% in 2025.
- The last three Net Margin figures came in at 25.06% (Q3 2025), 24.05% (Q2 2025), and 26.39% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | -8.79% |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 3.52% |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 36.41% |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | -97.60% |
| 10 | Vale | 8.38 | -7.83 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 25.06% |
| Jun 30, 2025 | 24.05% |
| Mar 31, 2025 | 26.39% |
| Dec 31, 2024 | -0.76% |
| Sep 30, 2024 | 28.58% |
| Jun 30, 2024 | 27.82% |
| Mar 31, 2024 | 35.55% |
| Dec 31, 2023 | 18.76% |
| Sep 30, 2023 | 26.94% |
| Jun 30, 2023 | 9.92% |
| Mar 31, 2023 | 22.23% |
| Dec 31, 2022 | 31.34% |
| Sep 30, 2022 | 44.65% |
| Jun 30, 2022 | 37.45% |
| Mar 31, 2022 | 40.98% |
| Dec 31, 2021 | 41.37% |
| Sep 30, 2021 | 44.69% |
| Jun 30, 2021 | 49.10% |
| Mar 31, 2021 | 46.31% |
| Dec 31, 2020 | 26.93% |