Vale (VALE) Operating Margin (2009 - 2025)

Vale (VALE) posted Operating Margin of 39.32% for Q3 2025, up 72.74% sequentially from 22.76% in Q2 2025, and up 160.0% YoY from 15.12% in Q3 2024.

Vale (VALE) Operating Margin (2009 - 2025) Analysis & Trends

Vale has reported Operating Margin for 17 years, with the latest figure at 39.32% in Q3 2025.

Quarterly Operating Margin rose 160.0% year-over-year to 39.32% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 35.66% (down 679.0% YoY) and the FY2024 annual result came in at 28.35%, down 565.0% from the prior year.
Operating Margin advanced to 39.32% in Q3 2025 per VALE's latest filing, from 22.76% in the prior quarter.
Over five years, Operating Margin peaked at 68.53% in Q1 2021 and troughed at 22.76% in Q2 2025.
A 5-year average of 43.08% and a median of 40.05% in 2024 frame the typical range for Operating Margin.
The widest YoY moves for Operating Margin: up 4036 bps in 2021, down 8459 bps in 2021.
Over 5 years, Operating Margin stood at 23.58% in 2021, then jumped by 83 bps to 43.13% in 2022, then gained by 16 bps to 50.06% in 2023, then declined by 15 bps to 42.65% in 2024, then fell by 8 bps to 39.32% in 2025.
According to Business Quant data, Operating Margin over the past three periods registered 39.32%, 22.76%, and 36.16% for Q3 2025, Q2 2025, and Q1 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Bhp	246.38 Bn	216.93 Bn	-	-
2	Rio Tinto	201.39 Bn	191.89 Bn	-	-
3	Teck Resources	33.91 Bn	28.71 Bn	1.21 Bn	45.46%
4	MP Materials	10.71 Bn	8.24 Bn	36.20 Mn	-29.52%
5	Almonty Industries	5.27 Bn	4.38 Bn	18.87 Mn	60.72%
6	Materion	4.79 Bn	4.77 Bn	104.34 Mn	8.42%
7	USA Rare Earth	4.43 Bn	4.43 Bn	-1.58 Mn	-795.64%
8	Skeena Resources	4.31 Bn	3.89 Bn	-	-
9	Evolution Metals & Technologies	2.46 Bn	2.46 Bn	-115,000.00	-744.93%
10	Vale	62.13 Mn	-17.59 Bn	-	-

Download Data