Vale S.A. (VALE) stock

VALENYSEMetal MiningFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Score 3/30

$11.28−0.30 (-2.59%)

Close on Nov 12, 2026Market cap $48.15BP/E –Yield –

Vale operating margin

Operating margin is operating income as a percentage of revenue.

Vale's operating margin for the twelve months ending Dec 31, 2012 was 18.9%. For fiscal 2025 it was 15.4%, against 28.3% the year before. The highest annual figure on record is 50.8% in fiscal 2021.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	15.4%	−13.0
FY2024	Dec 31, 2024	28.3%	−5.6
FY2023	Dec 31, 2023	34.0%	−5.3
FY2022	Dec 31, 2022	39.3%	−11.6
FY2021	Dec 31, 2021	50.8%	+18.4
FY2020	Dec 31, 2020	32.4%	+21.8
FY2019	Dec 31, 2019	10.7%	−22.0
FY2018	Dec 31, 2018	32.7%	+0.5
FY2017	Dec 31, 2017	32.2%	+6.5
FY2016	Dec 31, 2016	25.7%	+52.3
FY2015	Dec 31, 2015	-26.6%	−45.6
FY2012	Dec 31, 2012	18.9%	−29.4
FY2011	Dec 31, 2011	48.3%	+3.3
FY2010	Dec 31, 2010	45.0%	+19.7
FY2009	Dec 31, 2009	25.3%	−13.0
FY2008	Dec 31, 2008	38.3%	−1.5
FY2007	Dec 31, 2007	39.8%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q2 FY2026	Jun 30, 2026	20.5%	−17.9
Q2 FY2025	Jun 30, 2025	22.8%	−35.5
Q2 FY2024	Jun 30, 2024	39.1%	+11.3
Q2 FY2023	Jun 30, 2023	29.7%	+10.1
Q2 FY2022	Jun 30, 2022	38.5%	+46.8
Q2 FY2021	Jun 30, 2021	58.3%	+34.1
Q2 FY2020	Jun 30, 2020	27.7%	−4.6
Q2 FY2019	Jun 30, 2019	19.6%	−14.3
Q4 FY2012	Dec 31, 2012	-8.4%	−49.2
Q3 FY2012	Sep 30, 2012	24.1%	−25.9
Q2 FY2012	Jun 30, 2012	32.3%	−18.2
Q1 FY2012	Mar 31, 2012	34.0%	−24.9
Q4 FY2011	Dec 31, 2011	40.8%	−6.3
Q3 FY2011	Sep 30, 2011	50.0%	−4.0
Q2 FY2011	Jun 30, 2011	50.5%	+3.9
Q1 FY2011	Mar 31, 2011	58.8%	+28.7
Q4 FY2010	Dec 31, 2010	47.1%	+30.3
Q3 FY2010	Sep 30, 2010	54.1%	+20.8
Q2 FY2010	Jun 30, 2010	46.6%	+27.4
Q1 FY2010	Mar 31, 2010	30.1%	–
Q4 FY2009	Dec 31, 2009	16.9%	–
Q3 FY2009	Sep 30, 2009	33.3%	–
Q2 FY2009	Jun 30, 2009	19.2%	–