Vale S.A.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | 25.7% | 14.5% |
| FY2017 | — | 32.2% | 16.2% |
| FY2018 | — | 32.7% | 18.8% |
| FY2019 | — | 10.7% | -4.6% |
| FY2020 | — | 32.4% | 12.3% |
| FY2021 | — | 50.8% | 41.2% |
| FY2022 | — | 39.3% | 42.9% |
| FY2023 | — | 34.0% | 19.1% |
| FY2024 | — | 28.3% | 16.2% |
| FY2025 | — | 15.4% | 6.1% |