Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Net Margin (2022 - 2026)
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) recorded Net Margin of 138.94% in Q3 2026, up 104.41 percentage points from 34.53% a year earlier and up 9.26 percentage points from the prior quarter.
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Net Margin (2022 - 2026) Analysis & Trends
On a TTM basis, Vesta Real Estate Corporation, S.A.B. de C.V's Net Margin came in at 156.72% as of Sep 30, 2026, up 154.88 percentage points year-over-year; for FY2025, it came in at 85.41%, down 3.10 percentage points from FY2024.
- Annual Net Margin has a four-year change of -22.77 percentage points (FY2021 to FY2025).
- Across earlier years, Net Margin came in at 88.51% in FY2024 (-59.12 pp), 147.64% in FY2023 (+10.79 pp), 136.85% in FY2022 (+28.67 pp) and 108.18% in FY2021.
- Quarterly Net Margin has ranged from -96.01% in Q4 2024 to 228.14% in Q4 2025 over the past five years.
- On a year-over-year basis, Net Margin has increased for four consecutive quarters, with an average year-over-year change of -4.54 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 324.15 percentage points in Q4 2025, against a drop of 299.59 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 129.68% (Q2 2026), 131.68% (Q1 2026) and 228.14% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.50 Bn | 18.48 Bn | - | 61.22% |
| 2 | Howard Hughes Holdings | 5.01 Bn | -3.87 Bn | 435.75 Mn | -0.17% |
| 3 | Millrose Properties | 4.37 Bn | 4.19 Bn | - | 61.61% |
| 4 | St Joe | 4.19 Bn | 3.69 Bn | 80.65 Mn | 23.64% |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.09 Bn | - | - |
| 6 | LandBridge | 1.85 Bn | 1.72 Bn | 65.71 Mn | 46.45% |
| 7 | Opendoor Technologies | 1.32 Bn | -2.44 Bn | 38.00 Mn | -21.33% |
| 8 | Forestar | 1.21 Bn | -136.16 Mn | 84.10 Mn | 8.82% |
| 9 | EagleRock Land | 553.94 Mn | 478.01 Mn | 35.42 Mn | -18.21% |
| 10 | Tejon Ranch | 477.18 Mn | 409.05 Mn | - | 14.59% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 138.94% |
| Jun 30, 2026 | 129.68% |
| Mar 31, 2026 | 131.68% |
| Dec 31, 2025 | 228.14% |
| Sep 30, 2025 | 34.53% |
| Jun 30, 2025 | 41.16% |
| Mar 31, 2025 | 22.21% |
| Dec 31, 2024 | -96.01% |
| Sep 30, 2024 | 81.63% |
| Jun 30, 2024 | 173.49% |
| Mar 31, 2024 | 206.11% |
| Dec 31, 2023 | 203.58% |
| Sep 30, 2023 | 136.94% |
| Jun 30, 2023 | 185.96% |
| Mar 31, 2023 | 110.79% |
| Dec 31, 2022 | 166.03% |
| Sep 30, 2022 | 136.17% |
| Jun 30, 2022 | 124.36% |
Vesta Real Estate Corporation, S.A.B. de C.V Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=VTMX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "VTMX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=VTMX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();