Vale (VALE) Operating Margin (2009 - 2025)

Vale has disclosed Operating Margin across 17 years of filings, most recently posting 26.79% for Q3 2025.

• Operating Margin for Q3 2025 came in at 26.79%, down 1168.0% year-over-year; the trailing twelve-month figure through Sep 2025 was 20.73% (down 1627.0% YoY), and the FY2024 annual result was 28.35%, down 565.0% from the prior year.
• Operating Margin came in at 26.79% for Q3 2025 at Vale, up from 22.76% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 62.29% in Q2 2021 to a low of 11.69% in Q4 2024.
• The 5-year median for Operating Margin is 30.83% (2023), against an average of 35.89%.
• Across the five-year window, Operating Margin surged 3457 bps in 2021 and slumped 2790 bps in 2024, its largest moves.
• Vale's Operating Margin stood at 27.14% in 2021, then rose by 8 bps to 29.24% in 2022, then soared by 35 bps to 39.59% in 2023, then tumbled by 70 bps to 11.69% in 2024, then jumped by 129 bps to 26.79% in 2025.
• The last three Operating Margin figures came in at 26.79% (Q3 2025), 22.76% (Q2 2025), and 22.16% (Q1 2025), per Business Quant data.