Vale S.A annual operating margin
2007
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2010
2011
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2020
2021
2022
2023
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2025
Vale S.A Operating Margin Growth & History (VALE)
Vale S.A's operating margin was 15.36% for fiscal 2025.
View full Vale S.A company overviewVale S.A annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 15.36% | −12.99 pp |
| 2024 | 2024-12-31 | 28.35% | −5.65 pp |
| 2023 | 2023-12-31 | 34.00% | −5.26 pp |
| 2022 | 2022-12-31 | 39.25% | −11.56 pp |
| 2021 | 2021-12-31 | 50.81% | +18.38 pp |
| 2020 | 2020-12-31 | 32.43% | +21.77 pp |
| 2019 | 2019-12-31 | 10.65% | −22.03 pp |
| 2018 | 2018-12-31 | 32.69% | +0.51 pp |
| 2017 | 2017-12-31 | 32.18% | +13.26 pp |
| 2012 | 2012-12-31 | 18.92% | −29.38 pp |
| 2011 | 2011-12-31 | 48.30% | +3.30 pp |
| 2010 | 2010-12-31 | 44.99% | +19.69 pp |
| 2009 | 2009-12-31 | 25.30% | −13.00 pp |
| 2008 | 2008-12-31 | 38.30% | −1.55 pp |
| 2007 | 2007-12-31 | 39.84% | — |
Vale S.A quarterly operating margin
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q2.19
Q2.20
Q2.21
Q2.23
Q2.24
Q2.25
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2025 | 2025-06-30 | 22.76% | −4.96 pp |
| Q2 2024 | 2024-06-30 | 39.06% | +19.45 pp |
| Q2 2023 | 2023-06-30 | 29.69% | +38.06 pp |
| Q2 2021 | 2021-06-30 | 58.25% | +34.11 pp |
| Q2 2020 | 2020-06-30 | 27.72% | −4.57 pp |
| Q2 2019 | 2019-06-30 | 19.62% | −14.34 pp |
| Q4 2012 | 2012-12-31 | −8.37% | −49.19 pp |
| Q3 2012 | 2012-09-30 | 24.14% | −25.87 pp |
| Q2 2012 | 2012-06-30 | 32.29% | −18.20 pp |
| Q1 2012 | 2012-03-31 | 33.95% | −24.87 pp |
| Q4 2011 | 2011-12-31 | 40.82% | −6.31 pp |
| Q3 2011 | 2011-09-30 | 50.01% | −4.04 pp |
| Q2 2011 | 2011-06-30 | 50.49% | +3.86 pp |
| Q1 2011 | 2011-03-31 | 58.82% | +28.71 pp |
| Q4 2010 | 2010-12-31 | 47.13% | +30.27 pp |
| Q3 2010 | 2010-09-30 | 54.06% | +20.79 pp |
| Q2 2010 | 2010-06-30 | 46.63% | +27.43 pp |
| Q1 2010 | 2010-03-31 | 30.11% | −0.97 pp |
| Q4 2009 | 2009-12-31 | 16.86% | — |
| Q3 2009 | 2009-09-30 | 33.27% | — |
| Q2 2009 | 2009-06-30 | 19.20% | — |
| Q1 2009 | 2009-03-31 | 31.08% | — |
Vale S.A operating margin trends
Over the last five reported fiscal years, Vale S.A's operating margin decreased from 32.43% to 15.36%, a change of −17.07 percentage points. The latest reported quarter, Q2 2025, shows 22.76%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Vale S.A filings at SEC.gov ↗