Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Operating Margin (2022 - 2026)
Vesta Real Estate Corporation, S.A.B. de C.V's Operating Margin was 91.58% in Q3 2026, up 0.28 percentage points from 91.30% a year earlier and up 0.50 percentage points from the prior quarter.
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Operating Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vesta Real Estate Corporation, S.A.B. de C.V's Operating Margin was 91.32% through Sep 30, 2026, down 0.33 percentage points year-over-year; for FY2025, it was 91.59%, down 0.16 percentage points from FY2024.
- Operating Margin has now declined for three consecutive years, with a three-year change of -3.17 percentage points (FY2022 to FY2025).
- In earlier years, Operating Margin was 91.75% in FY2024 (-2.07 pp), 93.81% in FY2023 (-0.95 pp) and 94.76% in FY2022.
- Quarterly Operating Margin has moved between 90.42% (Q3 2024) and 95.72% (Q1 2023) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.74 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 1.35 percentage points); the worst was Q4 2024 (a drop of 3.86 percentage points).
- Per Business Quant data, VTMX's Operating Margin in the three quarters before Q3 2026 was 91.08% (Q2 2026), 91.79% (Q1 2026) and 90.84% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.20 Bn | 18.19 Bn | - | 76.00% |
| 2 | Howard Hughes Holdings | 5.05 Bn | -3.83 Bn | 435.75 Mn | 24.67% |
| 3 | Millrose Properties | 4.42 Bn | 4.24 Bn | - | 85.52% |
| 4 | St Joe | 4.28 Bn | 3.78 Bn | 80.65 Mn | 39.40% |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.06 Bn | - | 91.58% |
| 6 | LandBridge | 1.83 Bn | 1.70 Bn | 65.71 Mn | 66.07% |
| 7 | Opendoor Technologies | 1.33 Bn | -2.44 Bn | 38.00 Mn | -18.30% |
| 8 | Forestar | 1.23 Bn | -117.25 Mn | 84.10 Mn | 11.25% |
| 9 | Tejon Ranch | 482.31 Mn | 414.19 Mn | - | 10.49% |
| 10 | Frp Holdings | 377.27 Mn | -71.77 Mn | - | 13.16% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 91.58% |
| Jun 30, 2026 | 91.08% |
| Mar 31, 2026 | 91.79% |
| Dec 31, 2025 | 90.84% |
| Sep 30, 2025 | 91.30% |
| Jun 30, 2025 | 91.83% |
| Mar 31, 2025 | 92.55% |
| Dec 31, 2024 | 90.95% |
| Sep 30, 2024 | 90.42% |
| Jun 30, 2024 | 91.59% |
| Mar 31, 2024 | 94.39% |
| Dec 31, 2023 | 94.81% |
| Sep 30, 2023 | 92.89% |
| Jun 30, 2023 | 93.84% |
| Mar 31, 2023 | 95.72% |
| Dec 31, 2022 | 93.46% |
| Sep 30, 2022 | 94.86% |
| Jun 30, 2022 | 94.32% |
Vesta Real Estate Corporation, S.A.B. de C.V Operating 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=operating-margin&ticker=VTMX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=VTMX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();