Rio Tinto Group

RIO · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$130,043	$95,516	$120,813	$115,405	$108,399	$121,808	$96,125	$78,506	$85,712	$62,280	$47,155	$85,137	$104,243	$107,414	$94,078	$140,514	$94,970	$42,250	$163,382	$85,740	$75,700	$49,742	$46,422	$33,161	$32,661	$29,135	$39,287	$19,064	$21,585	$26,689	$24,604	$21,952	$20,384	$17,248	$14,596	$14,329	$16,631	$16,631	$16,631	$23,383	$23,383
Enterprise value	$148,962	$103,249	$126,187	$120,944	$111,819	$127,623	$104,918	$85,263	$96,654	$78,659	$67,969	$105,825	$129,484	$137,774	$112,296	$152,727	$115,833	$83,134	$210,513	$89,527	$77,561	$54,570	$52,843	$39,385	$39,199	$37,964	$44,382	$25,590	$27,468	$29,808	$26,734	$22,577	$21,120	$19,007	$16,545	$16,360	$18,819	$17,539	$18,408	$24,982	$24,562
P/E (TTM) at period end	13.05×	8.27×	12.01×	9.31×	5.13×	12.47×	12.00×	5.76×	9.78×	13.49×	–	13.04×	28.44×	–	16.15×	9.81×	19.49×	11.49×	22.34×	11.53×	14.52×	15.09×	30.78×	50.91×	30.27×	13.12×	19.03×	16.32×	10.71×	22.23×	19.54×	22.94×	48.01×	47.58×	38.05×	13.86×	12.50×	11.85×	31.21×	65.66×	94.04×
P/S (TTM) at period end	2.26×	1.78×	2.24×	2.08×	1.71×	2.73×	2.23×	1.94×	2.14×	1.84×	1.35×	1.79×	2.04×	2.11×	1.55×	2.48×	2.19×	0.78×	5.50×	3.82×	3.98×	3.84×	5.03×	3.93×	4.01×	2.51×	3.39×	1.61×	1.76×	3.44×	3.09×	6.14×	4.33×	3.50×	2.20×	1.92×	1.68×	1.87×	1.96×	3.64×	5.24×
P/B at period end	2.09×	1.73×	2.21×	2.28×	2.09×	2.56×	2.37×	1.80×	1.92×	1.59×	1.26×	1.84×	2.27×	2.29×	1.79×	2.41×	2.17×	2.05×	6.60×	4.70×	4.81×	4.19×	4.63×	4.44×	4.55×	2.66×	3.42×	1.79×	1.79×	3.54×	3.54×	4.09×	4.33×	4.12×	3.08×	2.97×	4.08×	4.52×	5.57×	9.85×	11.04×
EV / EBITDA (TTM)	6.92×	4.79×	6.26×	4.85×	3.24×	6.05×	6.62×	3.93×	5.22×	6.79×	8.23×	6.53×	10.60×	41.90×	6.32×	6.60×	10.59×	6.08×	19.70×	8.54×	9.39×	12.13×	21.12×	22.05×	16.10×	8.79×	11.74×	8.03×	7.27×	14.05×	10.19×	19.36×	27.46×	26.55×	14.94×	–	–	–	–	–	–
EV / Sales (TTM)	2.58×	1.92×	2.34×	2.18×	1.76×	2.86×	2.43×	2.10×	2.41×	2.33×	1.95×	2.22×	2.53×	2.70×	1.85×	2.70×	2.67×	1.53×	7.09×	3.99×	4.08×	4.21×	5.73×	4.66×	4.81×	3.27×	3.83×	2.16×	2.24×	3.84×	3.36×	6.31×	4.48×	3.86×	2.49×	2.19×	1.91×	1.98×	2.17×	3.89×	5.50×
Returns
Return on equity	16.0%	20.9%	18.4%	24.5%	40.7%	20.5%	19.8%	31.2%	19.6%	11.8%	(2.3%)	14.1%	8.0%	(6.4%)	11.1%	24.6%	11.1%	17.8%	29.5%	40.8%	33.1%	27.8%	15.0%	8.7%	15.0%	20.3%	18.0%	11.0%	16.7%	15.9%	18.1%	17.8%	9.0%	8.7%	8.1%	21.4%	32.6%	38.2%	17.8%	15.0%	11.7%
Return on invested capital	12.9%	18.3%	17.5%	23.9%	37.8%	20.3%	13.8%	25.6%	17.2%	9.1%	6.2%	11.5%	3.2%	(1.5%)	10.0%	20.7%	8.5%	9.8%	9.3%	30.5%	28.7%	16.5%	6.5%	2.7%	6.6%	10.6%	11.0%	6.5%	9.6%	8.1%	13.3%	9.0%	6.0%	4.0%	6.0%	18.5%	16.7%	21.6%	15.7%	12.9%	14.2%
Dividend yield	4.7%	7.4%	5.4%	10.2%	14.2%	5.0%	10.8%	6.8%	5.0%	4.4%	8.6%	4.4%	3.2%	2.8%	2.4%	1.2%	0.9%	4.6%	0.9%	3.0%	1.5%	1.8%	1.8%	2.9%	2.5%	–	–	4.5%	3.3%	0.4%	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.44×	1.63×	1.69×	1.64×	1.93×	1.80×	1.56×	1.91×	1.66×	1.61×	1.53×	1.68×	1.45×	1.42×	1.47×	1.82×	1.57×	0.83×	1.12×	1.19×	1.56×	1.64×	1.13×	0.82×	0.79×	0.67×	1.09×	0.93×	1.03×	1.37×	1.59×	1.35×	1.57×	2.05×	2.44×	2.48×	2.74×	2.06×	1.63×	2.00×	1.72×
Debt / equity	0.35×	0.23×	0.24×	0.22×	0.26×	0.29×	0.35×	0.29×	0.34×	0.45×	0.63×	0.54×	0.62×	0.57×	0.42×	0.26×	0.52×	1.96×	1.89×	0.22×	0.25×	0.40×	0.60×	0.81×	0.89×	0.79×	0.45×	0.71×	0.37×	0.61×	0.54×	0.41×	0.46×	0.63×	0.60×	0.64×	1.01×	0.48×	0.57×	0.69×	0.61×
Effective tax rate	29.6%	25.9%	27.8%	30.1%	26.7%	32.4%	37.3%	23.4%	30.9%	24.7%	(136.8%)	32.0%	69.2%	(16.7%)	48.7%	25.7%	26.4%	40.8%	21.2%	23.2%	24.8%	16.0%	27.1%	54.0%	40.0%	32.6%	27.0%	41.3%	32.3%	31.7%	34.3%	28.7%	26.4%	47.2%	43.0%	34.4%	37.9%	36.5%	41.0%	45.5%	51.8%
Share count
Diluted shares outstanding	1,638	1,633	1,632	1,630	1,629	1,629	1,642	1,732	1,800	1,809	1,825	1,859	1,858	1,849	1,936	1,972	1,770	1,901	1,563	1,614	1,656	1,672	1,668	1,668	1,668	1,662	1,658	1,683	1,668	1,668	1,690	1,668	1,668	1,668	1,668	1,668	1,668	1,668	1,668	2,345	2,345

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$61,793	$57,638	$53,658	$54,041	$55,554	$63,495	$44,611	$43,165	$40,522	$40,030	$33,781	$34,829	$47,664	$51,171	$50,967	$60,537	$56,576	$43,411	$54,264	$29,700	$22,465	$19,033	$12,954	$9,228	$8,447	$8,152	$11,598	$11,584	$11,848	$12,290	$7,758	$7,966	$3,577	$4,710	$4,926	$6,646	$7,459	$9,878	$8,880	$8,482	$6,424	$4,464
Cost of revenue	($45,208)	($41,428)	($23,378)	($36,743)	($21,284)	($18,561)	($15,485)	($16,412)	($16,559)	($15,807)	($15,530)	($16,819)	($19,704)	($16,674)	($16,624)	($36,260)	($36,667)	($33,818)	–	–	–	–	–	–	($4,160)	($3,647)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross profit	$16,464	$16,210	$30,280	$17,298	$34,270	$44,934	$29,126	$26,753	$23,963	$24,223	$18,251	$18,010	$27,960	$34,497	$34,343	$24,277	$19,909	$9,593	–	–	–	–	–	–	$4,287	$4,505	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	($524)	($398)	($245)	($76)	($65)	($45)	($45)	($45)	($58)	($60)	($104)	($112)	($231)	($129)	–	–	–	($1,134)	($574)	($283)	($20)	($16)	($23)	($25)	($39)	($58)	($70)	($88)	($130)	($91)	($93)	($141)	($124)	($77)	($103)	($98)	($85)	($56)	($72)	($59)	($50)
Selling, general and administrative	–	($2,751)	($2,942)	($8,076)	($7,400)	($6,757)	($4,827)	($5,542)	($5,764)	($6,237)	($4,926)	($6,346)	($6,444)	($7,538)	($6,187)	–	–	–	–	–	–	–	–	–	($1,395)	($1,260)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total operating expenses	$661	($1,274)	($14,627)	($2,475)	($14,337)	($15,117)	($12,297)	($15,287)	($6,276)	($10,088)	($11,456)	($14,395)	($16,614)	($27,067)	($35,496)	($10,337)	($215)	($2,087)	–	–	–	–	–	–	($3,456)	($3,000)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total costs and expenses	($44,668)	($42,702)	($38,005)	($39,218)	($35,621)	($33,678)	($27,782)	($31,699)	($22,835)	($25,895)	($26,986)	($31,214)	($36,318)	($43,741)	($52,120)	($46,597)	($36,882)	($35,905)	($44,070)	($21,129)	($13,491)	($12,111)	($9,627)	($7,732)	($7,616)	($6,647)	($8,467)	($9,047)	($9,859)	($9,742)	($6,430)	($6,003)	($2,767)	($4,251)	($4,458)	($5,905)	($5,362)	($7,668)	($7,132)	($7,168)	($5,435)	($3,451)
Operating income	$17,125	$14,936	$15,653	$14,823	$19,933	$29,817	$16,829	$11,466	$17,687	$14,135	$6,795	$3,615	$11,346	$7,430	($1,153)	$13,940	$19,694	$7,506	$10,194	$8,571	$8,974	$6,922	$3,327	$1,496	$831	$1,505	$3,130	$2,537	$1,988	$2,548	$1,327	$1,962	$810	$459	$469	$741	$2,097	$2,210	$1,748	$1,314	$988	$1,013
Earnings
EBITDA	$24,357	$21,513	$21,571	$20,157	$24,943	$34,514	$21,108	$15,850	$21,702	$18,510	$11,589	$8,260	$16,206	$12,221	$3,288	$17,757	$23,131	$10,933	$13,669	$10,686	$10,483	$8,256	$4,498	$2,502	$1,786	$2,434	$4,317	$3,781	$3,187	$3,780	$2,122	$2,624	$1,166	$769	$716	$1,108	–	–	–	–	–	–
Interest income	$410	$465	$514	$536	$179	$64	$141	$300	$249	$141	$89	$52	$64	$82	$116	$115	$163	$120	$204	$134	$106	$82	$28	$30	–	–	$89	$141	$224	$276	$241	$159	$105	$93	$117	$182	$305	$262	$110	$56	$54	$62
Interest expense	($947)	($1,062)	($763)	($967)	($335)	($243)	($268)	($554)	($552)	($848)	($1,111)	($750)	($1,031)	($876)	($692)	($850)	($778)	($929)	($1,618)	($538)	($160)	($173)	($15)	($298)	($291)	–	($437)	($443)	($497)	($477)	($291)	($173)	($106)	($139)	($155)	($283)	($401)	($438)	($164)	($163)	($109)	($127)
Pre-tax income	$17,144	$14,568	$15,615	$13,785	$18,662	$30,833	$15,391	$11,119	$18,167	$12,816	$6,343	($726)	$9,552	$3,505	($2,568)	$13,214	$20,577	$7,860	$9,178	$9,836	$10,240	$7,312	$3,863	$2,094	$1,312	$1,797	$3,697	$3,269	$2,513	$3,425	$1,897	$2,200	$1,441	$643	$790	$814	$1,696	$1,772	$1,584	$1,150	$880	$885
Income tax expense	($4,237)	($4,319)	($4,041)	($3,832)	($5,614)	($8,236)	($4,991)	($4,147)	($4,242)	($3,965)	($1,567)	($993)	($3,053)	($2,426)	($429)	($6,439)	($5,296)	($2,076)	($3,742)	($2,090)	($2,373)	($1,814)	($619)	($567)	($708)	($718)	($1,207)	($881)	($1,038)	($1,105)	($601)	($756)	($414)	($170)	($373)	($350)	($583)	($671)	($578)	($472)	($401)	($458)
Net income	$12,102	$9,966	$11,552	$10,058	$12,392	$21,115	$9,769	$8,010	$13,638	$8,762	$4,617	($866)	$6,527	$3,665	($2,990)	$5,826	$14,324	$4,872	$3,676	$7,312	$7,438	$5,215	$3,297	$1,508	$651	$1,079	$2,220	$2,065	$1,168	$2,014	$1,200	$1,259	$957	$425	$362	$384	$1,034	$1,330	$1,404	$533	$356	$249
Per share
Diluted EPS (GAAP)	$7.38	$6.08	$7.07	$6.17	$7.60	$12.96	$6.00	$4.88	$7.88	$4.87	$2.55	($0.47)	$3.51	$1.97	($1.62)	$3.02	$7.26	$2.75	$1.93	$4.68	$4.59	$3.15	$1.97	$0.90	$0.35	$1.00	$1.34	$1.25	$0.42	$1.16	$0.65	$0.75	$0.74	$0.33	$0.28	$0.29	$0.81	$1.06	$1.48	$0.57	$0.15	$0.11
Basic EPS (GAAP)	$7.45	$6.14	$7.12	$6.20	$7.65	$13.05	$6.04	$4.91	$7.93	$4.90	$2.57	($0.48)	$3.53	$1.98	($1.62)	$3.03	$7.31	$2.76	$1.93	$4.70	$4.61	$3.16	$1.98	$0.90	$0.35	$1.00	$1.34	$1.25	$0.42	$1.16	$0.65	$0.75	$0.74	$0.33	$0.28	$0.29	$0.81	$1.06	$1.48	$0.57	$0.15	$0.11
Basic shares outstanding	1,626	1,624	1,623	1,621	1,620	1,618	1,617	1,630	1,719	1,787	1,797	1,823	1,848	1,847	1,849	1,923	1,961	1,764	1,901	1,556	1,614	1,656	1,669	1,668	1,668	1,668	1,662	1,658	1,683	1,668	1,668	1,690	1,668	1,668	1,668	1,668	1,668	1,668	1,668	1,668	2,345	2,345
Margins
Gross margin	26.6%	28.1%	56.4%	32.0%	61.7%	70.8%	65.3%	62.0%	59.1%	60.5%	54.0%	51.7%	58.7%	67.4%	67.4%	40.1%	35.2%	22.1%	–	–	–	–	–	–	50.8%	55.3%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating margin	27.7%	25.9%	29.2%	27.4%	35.9%	47.0%	37.7%	26.6%	43.6%	35.3%	20.1%	10.4%	23.8%	14.5%	(2.3%)	23.0%	34.8%	17.3%	18.8%	28.9%	39.9%	36.4%	25.7%	16.2%	9.8%	18.5%	27.0%	21.9%	16.8%	20.7%	17.1%	24.6%	22.6%	9.7%	9.5%	11.1%	28.1%	22.4%	19.7%	15.5%	15.4%	22.7%
Net margin	19.6%	17.3%	21.5%	18.6%	22.3%	33.3%	21.9%	18.6%	33.7%	21.9%	13.7%	(2.5%)	13.7%	7.2%	(5.9%)	9.6%	25.3%	11.2%	6.8%	24.6%	33.1%	27.4%	25.5%	16.3%	7.7%	13.2%	19.1%	17.8%	9.9%	16.4%	15.5%	15.8%	26.7%	9.0%	7.4%	5.8%	13.9%	13.5%	15.8%	6.3%	5.5%	5.6%

Analyst consensus

Hold31 analysts

Bearish · 7 · Hold · 13 · Bullish · 11

Earnings history

	EPS	Estimate
Q4 2022	$2.85	$2.97	Miss
Q2 2023	$3.53	$3.59	Miss
Q4 2023	$2.92	$2.96	Miss
Q2 2024	$2.76	$2.73	Beat
Q4 2024	$2.49	$2.56	Miss
Q2 2025	$2.23	$2.35	Miss
Q4 2025	$3.73	$3.71	Beat
Q2 2026	$4.21	$4.09	Beat

Peers

Company overview

IPO dateJun 28, 1990

CEOSimon Callas Trott

Employees56,890

SectorBasic Materials

IndustryIndustrial Materials

CountryGB

ExchangeNew York Stock Exchange

Websitewww.riotinto.com

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore; Aluminium and lithium; and Copper segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum and lithium segment is involved in bauxite mining; alumina refining; and aluminium smelting, and recycling, as well as mining and processing of lithium. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. It also owns and operates open pit and underground mines; and refineries, smelters, processing plants and power, and shipping facilities. The company was founded in 1873 and is headquartered in London, the United Kingdom.

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