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 (VTMX) quarterly Operating Margin came in at 90.09% in Q1 2026, down 126.0% year-on-year from 346.5% in Q1 2025, and up 1.37% quarter-over-quarter from 88.87% in Q4 2025.
Vesta Real Estate Corporation, S.A.B. de C.V (VTMX) Operating Margin (2022 - 2026) Analysis & Trends
Vesta Real Estate Corporation, S.A.B. de C.V has disclosed Operating Margin across 5 years of filings, most recently posting 90.09% for Q1 2026.
- Operating Margin for Q1 2026 came in at 90.09%, down 126.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 89.82% (down 18.0% YoY), and the FY2025 annual result was 90.11%, down 33.0% from the prior year.
- Operating Margin came in at 90.09% for Q1 2026 at Vesta Real Estate Corporation, S.A.B. de C.V, up from 88.87% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 136.31% in Q2 2022 to a low of 88.87% in Q4 2025.
- The 5-year median for Operating Margin is 90.92% (2025), against an average of 98.5%.
- Across the five-year window, Operating Margin tumbled 2800 bps in 2024 and jumped 75 bps in 2025, its largest moves.
- Vesta Real Estate Corporation, S.A.B. de C.V's Operating Margin stood at 103.9% in 2022, then fell by 12 bps to 91.59% in 2023, then fell by 3 bps to 89.26% in 2024, then declined by 0 bps to 88.87% in 2025, then gained by 1 bps to 90.09% in 2026.
- The last three Operating Margin figures came in at 90.09% (Q1 2026), 88.87% (Q4 2025), and 89.92% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 19.65 Bn | 19.45 Bn | - | 90.09% |
| 2 | Howard Hughes Holdings | 3.99 Bn | 2.22 Bn | 182.88 Mn | 21.48% |
| 3 | Century Communities | 1.70 Bn | 1.62 Bn | 637.90 Mn | 77.97% |
| 4 | Forestar | 1.48 Bn | 1.12 Bn | 80.20 Mn | 11.30% |
| 5 | Five Point Holdings | 361.15 Mn | 1.49 Bn | 13.58 Mn | -71.00% |
| 6 | Sky Harbour | 317.31 Mn | 324.50 Mn | 7.09 Mn | -74.43% |
| 7 | Belpointe PREP | 180.46 Mn | 161.50 Mn | - | - |
| 8 | Amrep | 138.84 Mn | 88.35 Mn | 14.23 Mn | 20.63% |
| 9 | Smith Douglas Homes | 121.76 Mn | 447.61 Mn | 40.45 Mn | 2.20% |
| 10 | JFB Construction Holdings | 88.07 Mn | 62.81 Mn | 681,192.00 | -12.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 90.09% |
| Dec 31, 2025 | 88.87% |
| Sep 30, 2025 | 89.92% |
| Jun 30, 2025 | 90.49% |
| Mar 31, 2025 | 91.36% |
| Dec 31, 2024 | 89.26% |
| Sep 30, 2024 | 89.17% |
| Jun 30, 2024 | 90.16% |
| Dec 31, 2023 | 91.59% |
| Sep 30, 2023 | 103.98% |
| Jun 30, 2023 | 118.16% |
| Dec 31, 2022 | 103.90% |
| Sep 30, 2022 | 105.69% |
| Jun 30, 2022 | 136.31% |