NYSE : RIO
Rio Tinto Group — Financial statements
Materials · Other Industrial Metals & Mining · United Kingdom
Last price 83.25 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 143.26B
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Financial statements
Rio Tinto Group (RIO) reported revenue of 61.79B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 61.79B | 57.64B | 53.66B | 54.04B | 55.55B | 63.49B |
| Cost of Revenue | 43.41B | 41.43B | 37.48B | 36.74B | 34.26B | 32.15B |
| Gross Profit | 18.38B | 16.21B | 16.18B | 17.30B | 21.30B | 31.34B |
| Selling, General & Admin | 356.00M | 356.00M | 266.00M | 309.00M | 515.00M | 536.00M |
| Other Operating Expenses | 833.00M | 756.00M | 949.00M | 1.03B | 1.94B | 649.00M |
| Operating Expenses | 1.89B | 1.69B | 2.19B | 2.34B | 3.20B | 1.90B |
| Operating Income | 16.49B | 14.52B | 13.99B | 14.96B | 18.09B | 29.44B |
| Interest Expense | -936.00M | -1.05B | -772.00M | -980.00M | -346.00M | -178.00M |
| Interest & Investment Income | 17.00M | 72.00M | 24.00M | 4.00M | 3.00M | 2.00M |
| Earnings From Equity Investments | 1.88B | 1.48B | 838.00M | 675.00M | 777.00M | 1.04B |
| Currency Exchange Gain (Loss) | -486.00M | -493.00M | 322.00M | -251.00M | 253.00M | 802.00M |
| Other Non Operating Income (Expenses) | 382.00M | 382.00M | 499.00M | 545.00M | 187.00M | 66.00M |
| EBT Excluding Unusual Items | 17.34B | 14.91B | 14.90B | 14.95B | 18.97B | 31.17B |
| Gain (Loss) on Sale of Investments | -202.00M | |||||
| Gain (Loss) on Sale of Assets | 576.00M | -105.00M | ||||
| Asset Writedown | -219.00M | -341.00M | -500.00M | -1.17B | -269.00M | |
| Other Unusual Items | 19.00M | 638.00M | -69.00M | |||
| Pretax Income | 17.14B | 14.57B | 15.62B | 13.79B | 18.66B | 30.83B |
| Income Tax Expense | 4.24B | 4.32B | 4.04B | 3.83B | 5.61B | 8.24B |
| Earnings From Continuing Operations | 12.91B | 10.25B | 11.57B | 9.95B | 13.05B | 22.60B |
| Minority Interest in Earnings | -805.00M | -283.00M | -22.00M | 105.00M | -656.00M | -1.48B |
| Net Income | 12.10B | 9.97B | 11.55B | 10.06B | 12.39B | 21.11B |
| Net Income to Common | 12.10B | 9.97B | 11.55B | 10.06B | 12.39B | 21.11B |
| Shares Outstanding (Basic) | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B |
| Shares Outstanding (Diluted) | 1.64B | 1.64B | 1.63B | 1.63B | 1.63B | 1.63B |
| EPS (Basic) | 7.45 | 6.14 | 7.12 | 6.20 | 7.65 | 13.05 |
| EPS (Diluted) | 7.38 | 6.08 | 7.07 | 6.17 | 7.60 | 12.96 |
| Free Cash Flow | 5.53B | 4.50B | 5.98B | 8.07B | 9.38B | 17.96B |
| Free Cash Flow Per Share | 3.38 | 2.75 | 3.66 | 4.95 | 5.76 | 11.03 |
| Dividend Per Share | 4.65 | 4.02 | 4.02 | 4.35 | 4.92 | 7.82 |
| Gross Margin | 29.75% | 28.12% | 30.15% | 32.01% | 38.34% | 49.36% |
| Operating Margin | 26.69% | 25.19% | 26.07% | 27.68% | 32.57% | 46.36% |
| Profit Margin | 19.59% | 17.29% | 21.53% | 18.61% | 22.31% | 33.26% |
| Free Cash Flow Margin | 8.95% | 7.80% | 11.14% | 14.94% | 16.89% | 28.29% |
| EBITDA | 22.91B | 20.29B | 19.06B | 19.85B | 22.71B | 33.93B |
| EBITDA Margin | 37.08% | 35.19% | 35.52% | 36.72% | 40.88% | 53.44% |
| D&A For EBITDA | 6.42B | 5.76B | 5.07B | 4.89B | 4.61B | 4.50B |
| EBIT | 16.49B | 14.52B | 13.99B | 14.96B | 18.09B | 29.44B |
| EBIT Margin | 26.69% | 25.19% | 26.07% | 27.68% | 32.57% | 46.36% |
| Effective Tax Rate | 24.71% | 29.65% | 25.88% | 27.80% | 30.08% | 26.71% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.91B | 8.87B | 8.49B | 9.67B | 6.78B | 12.81B |
| Short-Term Investments | 594.00M | 548.00M | 158.00M | 201.00M | 2.13B | 2.48B |
| Trading Asset Securities | 212.00M | 877.00M | ||||
| Cash & Short-Term Investments | 9.51B | 9.42B | 8.87B | 10.75B | 8.91B | 15.29B |
| Accounts Receivable | 4.66B | 2.66B | 2.34B | 2.46B | 2.18B | 2.24B |
| Other Receivables | 225.00M | 1.61B | 1.18B | 1.01B | 1.19B | 876.00M |
| Receivables | 4.89B | 4.26B | 3.52B | 3.47B | 3.37B | 3.12B |
| Inventory | 7.73B | 6.97B | 5.86B | 6.66B | 6.21B | 5.44B |
| Prepaid Expenses | 891.00M | 825.00M | 589.00M | 455.00M | 529.00M | |
| Other Current Assets | 26.00M | 49.00M | 40.00M | 28.00M | 62.00M | |
| Total Current Assets | 22.13B | 21.57B | 19.12B | 21.51B | 18.97B | 24.43B |
| Property, Plant & Equipment | 88.03B | 84.31B | 68.57B | 66.47B | 64.73B | 64.93B |
| Long-Term Investments | 6.27B | 6.48B | 5.36B | 4.79B | 3.66B | 3.82B |
| Goodwill | 2.96B | 2.95B | 727.00M | 797.00M | 826.00M | 879.00M |
| Other Intangible Assets | 5.13B | 5.23B | 2.80B | 4.39B | 3.65B | 2.83B |
| Long-Term Deferred Tax Assets | 4.54B | 4.29B | 4.02B | 3.62B | 2.80B | 3.38B |
| Other Long-Term Assets | 4.43B | 2.48B | 1.68B | 1.97B | 2.14B | 2.63B |
| Total Assets | 133.50B | 128.10B | 102.79B | 103.55B | 96.77B | 102.90B |
| Accounts Payable | 9.71B | 3.60B | 3.20B | 3.27B | 3.37B | 3.45B |
| Accrued Expenses | 472.00M | 5.09B | 3.65B | 3.92B | 3.49B | 3.24B |
| Short-Term Debt | 7.00M | 11.00M | 1.00M | 1.00M | 2.00M | |
| Current Portion of Long-Term Debt | 1.23B | 726.00M | 197.00M | 1.02B | 922.00M | 810.00M |
| Current Portion of Leases | 502.00M | 524.00M | 354.00M | 345.00M | 292.00M | 324.00M |
| Current Income Taxes Payable | 701.00M | 587.00M | 585.00M | 542.00M | 223.00M | 1.41B |
| Current Unearned Revenue | 493.00M | 338.00M | 280.00M | 333.00M | 404.00M | |
| Other Current Liabilities | 2.93B | 3.90B | 3.41B | 3.35B | 2.98B | 2.99B |
| Total Current Liabilities | 15.54B | 14.93B | 11.74B | 12.74B | 11.60B | 12.63B |
| Long-Term Debt | 20.19B | 21.43B | 12.60B | 12.49B | 10.15B | 11.36B |
| Long-Term Leases | 936.00M | 1.06B | 1.06B | 1.01B | 908.00M | 1.04B |
| Long-Term Unearned Revenue | 428.00M | 118.00M | 103.00M | 114.00M | 205.00M | |
| Pension & Post-Retirement Benefits | 1.10B | 990.00M | 1.10B | |||
| Long-Term Deferred Tax Liabilities | 4.36B | 4.09B | 2.63B | 2.58B | 3.16B | 3.50B |
| Other Long-Term Liabilities | 19.68B | 18.14B | 15.57B | 18.28B | 18.10B | 17.58B |
| Total Liabilities | 61.80B | 61.08B | 44.82B | 47.21B | 44.03B | 46.31B |
| Common Stock | 3.59B | 3.50B | 3.27B | 3.58B | 3.54B | 3.78B |
| Additional Paid-In Capital | 4.33B | 4.33B | 4.33B | 4.32B | 4.32B | 4.32B |
| Retained Earnings | 49.29B | 46.58B | 42.54B | 38.35B | 35.02B | 33.34B |
| Comprehensive Income & Other | 8.25B | 7.79B | 5.11B | 8.33B | 7.75B | 10.00B |
| Total Common Equity | 65.46B | 62.20B | 55.25B | 54.59B | 50.63B | 51.43B |
| Minority Interest | 6.24B | 4.82B | 2.72B | 1.75B | 2.11B | 5.16B |
| Shareholders' Equity | 71.70B | 67.02B | 57.97B | 56.34B | 52.74B | 56.59B |
| Total Liabilities & Equity | 133.50B | 128.10B | 102.79B | 103.55B | 96.77B | 102.90B |
| Total Debt | 22.85B | 23.75B | 14.22B | 14.87B | 12.27B | 13.53B |
| Net Cash (Debt) | -13.35B | -14.33B | -5.36B | -4.12B | -3.36B | 1.76B |
| Net Cash Per Share | -8.14 | -8.75 | -3.28 | -2.52 | -2.06 | 1.08 |
| Filing Date Shares Outstanding | 1.63B | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B |
| Total Common Shares Outstanding | 1.63B | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B |
| Working Capital | 6.59B | 6.64B | 7.38B | 8.77B | 7.37B | 11.80B |
| Book Value Per Share | 40.26 | 38.28 | 34.03 | 33.67 | 31.26 | 31.79 |
| Tangible Book Value | 57.37B | 54.03B | 51.72B | 49.40B | 46.16B | 47.72B |
| Tangible Book Value Per Share | 35.28 | 33.25 | 31.85 | 30.47 | 28.50 | 29.49 |
| Land | 17.52B | 14.82B | 14.74B | 12.80B | 12.03B | |
| Machinery | 89.04B | 78.30B | 80.99B | 74.56B | 73.42B | |
| Construction In Progress | 16.76B | 10.93B | 7.73B | 13.12B | 14.66B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 12.10B | 9.97B | 11.55B | 10.06B | 12.39B | 21.11B |
| Depreciation & Amortization | 6.93B | 6.27B | 5.54B | 4.89B | 4.61B | 4.50B |
| Other Amortization | 303.00M | 303.00M | 411.00M | 216.00M | 246.00M | 201.00M |
| Loss (Gain) From Sale of Assets | -576.00M | 105.00M | ||||
| Asset Writedown & Restructuring Costs | 219.00M | 341.00M | 500.00M | 1.17B | 269.00M | |
| Loss (Gain) From Sale of Investments | 202.00M | |||||
| Loss (Gain) on Equity Investments | -1.88B | -1.48B | -838.00M | -675.00M | -777.00M | -1.04B |
| Other Operating Activities | 2.92B | 1.80B | -453.00M | 1.12B | 1.48B | 2.96B |
| Change in Accounts Receivable | -522.00M | -460.00M | -202.00M | -418.00M | 20.00M | -367.00M |
| Change in Inventory | -967.00M | -377.00M | 205.00M | -422.00M | -1.19B | -1.40B |
| Change in Accounts Payable | 231.00M | 593.00M | 54.00M | -86.00M | 700.00M | 685.00M |
| Change in Other Net Operating Assets | 13.00M | 179.00M | -122.00M | -228.00M | -1.24B | -480.00M |
| Operating Cash Flow | 19.08B | 16.83B | 15.60B | 15.16B | 16.13B | 25.34B |
| Capital Expenditures | -13.55B | -12.34B | -9.62B | -7.09B | -6.75B | -7.38B |
| Sale of Property, Plant & Equipment | 250.00M | 50.00M | 30.00M | 9.00M | 61.00M | |
| Cash Acquisitions | -5.00M | -6.02B | -346.00M | -834.00M | -850.00M | |
| Divestitures | 427.00M | 80.00M | 4.00M | |||
| Investment in Securities | -267.00M | -831.00M | -220.00M | 1.04B | 762.00M | 75.00M |
| Other Investing Activities | 7.00M | -197.00M | 136.00M | -88.00M | 51.00M | 85.00M |
| Investing Cash Flow | -13.56B | -19.34B | -9.59B | -6.96B | -6.71B | -7.16B |
| Long-Term Debt Issued | 16.02B | 261.00M | 1.83B | 321.00M | 1.49B | |
| Long-Term Debt Repaid | -8.71B | -1.31B | -736.00M | -1.16B | -2.06B | |
| Lease Payments | -589.00M | -522.00M | -455.00M | -426.00M | -374.00M | -358.00M |
| Net Debt Issued (Repaid) | -947.00M | 7.31B | -1.05B | 1.10B | -843.00M | -577.00M |
| Common Dividends Paid | -6.59B | -6.14B | -7.03B | -6.47B | -10.74B | -10.92B |
| Other Financing Activities | 1.96B | 1.63B | 985.00M | 96.00M | -2.90B | 72.00M |
| Financing Cash Flow | -5.58B | 2.79B | -7.09B | -5.28B | -15.47B | -15.86B |
| Foreign Exchange Rate Adjustments | -36.00M | 95.00M | -99.00M | -23.00M | 15.00M | 100.00M |
| Net Cash Flow | -100.00M | 381.00M | -1.19B | 2.90B | -6.03B | 2.42B |
| Free Cash Flow | 5.53B | 4.50B | 5.98B | 8.07B | 9.38B | 17.96B |
| Free Cash Flow Margin | 8.95% | 7.80% | 11.14% | 14.94% | 16.89% | 28.29% |
| Free Cash Flow Per Share | 3.38 | 2.75 | 3.66 | 4.95 | 5.76 | 11.03 |
| Levered Free Cash Flow | 3.60B | 3.50B | 5.08B | 7.19B | 7.30B | 14.85B |
| Unlevered Free Cash Flow | 4.18B | 4.15B | 5.56B | 7.80B | 7.52B | 14.96B |
| Free Cash Flow After Leases | 4.94B | 3.98B | 5.52B | 7.65B | 9.01B | 17.60B |
| Cash Income Tax Paid | 4.36B | 4.21B | 4.17B | 4.63B | 6.91B | 8.49B |
| Change in Working Capital | -1.25B | -65.00M | -65.00M | -1.15B | -1.71B | -1.56B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 142.26B | 137.49B | 100.99B | 127.35B | 116.58B | 109.62B |
| Enterprise Value | 162.07B | 155.24B | 107.32B | 132.67B | 122.02B | 111.34B |
| Last Close Price | 82.73 | 76.21 | 52.78 | 62.36 | 56.16 | 47.41 |
| PE Ratio | 11.09 | 13.80 | 8.74 | 12.66 | 9.41 | 5.19 |
| PS Ratio | 2.30 | 2.38 | 1.88 | 2.36 | 2.10 | 1.73 |
| PB Ratio | 1.98 | 2.05 | 1.74 | 2.26 | 2.21 | 1.94 |
| P/TBV Ratio | 2.48 | 2.54 | 1.95 | 2.58 | 2.52 | 2.30 |
| P/FCF Ratio | 25.71 | 30.57 | 16.89 | 15.77 | 12.42 | 6.10 |
| P/OCF Ratio | 7.46 | 8.17 | 6.47 | 8.40 | 7.23 | 4.33 |
| EV/Sales Ratio | 2.62 | 2.69 | 2.00 | 2.46 | 2.20 | 1.75 |
| EV/EBITDA Ratio | 7.07 | 7.65 | 5.63 | 6.68 | 5.37 | 3.28 |
| EV/EBIT Ratio | 9.83 | 10.69 | 7.67 | 8.87 | 6.74 | 3.78 |
| EV/FCF Ratio | 29.29 | 34.52 | 17.95 | 16.43 | 13.00 | 6.20 |
| Debt / Equity Ratio | 0.32 | 0.35 | 0.24 | 0.26 | 0.23 | 0.24 |
| Debt / EBITDA Ratio | 0.98 | 1.14 | 0.73 | 0.75 | 0.54 | 0.40 |
| Debt / FCF Ratio | 4.13 | 5.28 | 2.38 | 1.84 | 1.31 | 0.75 |
| Net Debt / Equity Ratio | 0.19 | 0.21 | 0.09 | 0.07 | 0.06 | -0.03 |
| Net Debt / EBITDA Ratio | 0.58 | 0.71 | 0.28 | 0.21 | 0.15 | -0.05 |
| Net Debt / FCF Ratio | 2.41 | 3.19 | 0.90 | 0.51 | 0.36 | -0.10 |
| Asset Turnover | 0.49 | 0.50 | 0.52 | 0.54 | 0.56 | 0.63 |
| Inventory Turnover | 5.96 | 6.46 | 5.99 | 5.71 | 5.88 | 6.88 |
| Quick Ratio | 0.93 | 0.92 | 1.05 | 1.12 | 1.06 | 1.46 |
| Current Ratio | 1.42 | 1.45 | 1.63 | 1.69 | 1.64 | 1.94 |
| Return on Equity (ROE) | 19.31% | 16.40% | 20.25% | 18.25% | 23.87% | 41.66% |
| Return on Assets (ROA) | 8.11% | 7.86% | 8.48% | 9.33% | 11.33% | 18.37% |
| Return on Invested Capital (ROIC) | 14.60% | 14.12% | 16.75% | 18.53% | 22.81% | 40.13% |
| Return on Capital Employed (ROCE) | 14.00% | 12.80% | 15.40% | 16.50% | 21.20% | 32.60% |
| Earnings Yield | 9.01% | 7.25% | 11.44% | 7.90% | 10.63% | 19.26% |
| FCF Yield | 3.89% | 3.27% | 5.92% | 6.34% | 8.05% | 16.38% |
| Dividend Yield | 5.57% | 4.75% | 6.46% | 5.54% | 6.83% | 11.55% |
| Payout Ratio | 61.88% | 61.66% | 60.81% | 64.33% | 86.69% | 51.71% |
| Buyback Yield / Dilution | -0.20% | -0.28% | -0.12% | -0.12% | -0.04% | -0.02% |
| Total Shareholder Return | 5.37% | 4.47% | 6.35% | 5.42% | 6.79% | 11.53% |