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RIO

Rio Tinto Group

RIO

Rio Tinto Group • NYSE
$71.95 ▼ -0.35% (-0.25)
Market Cap $116.82 B
52w High $73.76
52w Low $51.67
Dividend Yield 3.73%
P/E 11.46
Volume 1.61M
Outstanding Shares 1.62B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $27.104B ▲ $0 ▼ $4.567B ▼ 16.85% ▼ $2.81 ▼ $9.985B ▲
Q4-2024 $26.856B ▲ $76M ▼ $5.686B ▼ 21.173% ▼ $3.54 ▼ $8.518B ▼
Q2-2024 $26.802B ▼ $447M ▼ $5.808B ▲ 21.67% ▲ $3.58 ▲ $10.539B ▲
Q4-2023 $27.156B ▲ $626M ▼ $4.902B ▼ 18.05% ▼ $3.02 ▼ $10.186B ▲
Q2-2023 $26.667B $1.911B $5.117B 19.189% $3.16 $10.098B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $9.334B ▲ $120.805B ▲ $58.838B ▲ $58.203B ▲
Q4-2024 $7.2B ▼ $102.786B ▲ $44.821B ▲ $55.246B ▼
Q2-2024 $9.825B ▲ $101.887B ▼ $44.723B ▼ $55.253B ▲
Q4-2023 $9.776B ▼ $103.549B ▲ $47.208B ▲ $54.586B ▲
Q2-2023 $10.506B $97.556B $44.199B $51.625B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $4.567B ▼ $7.037B ▼ $-10.526B ▼ $3.914B ▲ $520M ▲ $2.262B ▼
Q4-2024 $5.744B ▼ $8.543B ▲ $-6.05B ▼ $-4.122B ▼ $-761M ▼ $2.94B ▼
Q2-2024 $5.808B ▲ $7.056B ▼ $-3.544B ▲ $-3.901B ▼ $9.253B ▲ $3.038B ▼
Q4-2023 $4.902B ▼ $8.477B ▲ $-4.615B ▼ $-3.423B ▼ $494M ▼ $4.448B ▲
Q2-2023 $5.117B $7.021B $-2.198B $-2.364B $2.404B $4.02B

Revenue by Products

Product Q4-2021Q2-2022Q4-2022Q2-2023
Aluminium Alumina And Bauxite
Aluminium Alumina And Bauxite
 $0 ▲$7.32Bn ▲$13.10Bn ▲$6.19Bn ▼
Copper
Copper
 $3.61Bn ▲$1.70Bn ▼$3.07Bn ▲$1.70Bn ▼
Diamonds
Diamonds
 $340.00M ▲$470.00M ▲$350.00M ▼$250.00M ▼
Gold
Gold
 $1.14Bn ▲$320.00M ▼$490.00M ▲$240.00M ▼
Industrial Minerals
Industrial Minerals
 $1.95Bn ▲$1.23Bn ▼$2.89Bn ▲$1.25Bn ▼
Iron Ore
Iron Ore
 $41.26Bn ▲$17.55Bn ▼$30.77Bn ▲$16.32Bn ▼
Other Product
Other Product
 $2.02Bn ▲$830.00M ▼$1.76Bn ▲$770.00M ▼
Uranium
Uranium
 $150.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Rio Tinto’s revenue has been broadly stable in recent years after a big spike during the commodity boom in 2021. Sales remain high by historical standards, but pricing and cost pressures have squeezed profits compared with that peak year. Even so, the business is still solidly profitable. Earnings dipped in 2023 as margins tightened, but there was a clear recovery in 2024, showing the company can adjust to tougher market conditions. Overall, the income statement reflects a mature, cyclical mining business that stays profitable through the cycle, with results heavily influenced by iron ore and other commodity prices.

Balance Sheet

Balance Sheet The balance sheet looks sturdy and relatively conservative for a large miner. Total assets have stayed fairly steady, suggesting a stable portfolio of mines and infrastructure rather than rapid expansion at any cost. Debt is moderate and has not been racing upward, while shareholder equity has been building over time. Cash holdings move around but remain meaningful, giving Rio Tinto flexibility to handle downturns, invest in new projects, or weather operational shocks. Overall, the financial structure appears robust and not overly reliant on borrowing.

Cash Flow

Cash Flow Rio Tinto generates strong cash flow from its operations, even in less favorable price environments. Cash generation was exceptional in the boom year of 2021 and has since come down, but it remains healthy. Free cash flow is positive, though it has been trimmed as the company increases spending on new projects and upgrades. Capital spending has clearly stepped up lately, which pressures near‑term free cash but supports future production and new growth areas. The cash flow profile is that of a cash‑rich, capital‑intensive business actively reinvesting in its asset base.

Competitive Edge

Competitive Edge Rio Tinto holds a leading position in global mining, anchored by very large, low‑cost, long‑life iron ore operations in Western Australia. These mines are difficult and expensive for competitors to replicate, giving Rio Tinto a cost and scale advantage. Beyond iron ore, the company has meaningful positions in bauxite, alumina, aluminum, copper, and specialty minerals like borates. Quality of ore bodies, integrated logistics (rail and ports), and decades of operational know‑how create a strong competitive moat. Its focus on sustainability, traceability, and ESG‑branded products (for example, its aluminum “nutrition label” approach) helps differentiate it with industrial customers increasingly focused on responsible sourcing.

Innovation and R&D

Innovation and R&D Rio Tinto is unusually advanced on the technology side for a mining company. It has pushed hard into automation, with mines like Gudai‑Darri using autonomous trucks, trains, and drills, all monitored remotely. Data analytics, digital twins, and its Safe Production System are designed to make operations safer, more reliable, and more efficient. On the product and process side, it is investing in low‑carbon technologies such as the ELYSIS process for carbon‑free aluminum smelting, hydrogen trials in refineries, and greater use of renewable power at its sites. It is also working on new extraction technologies (like Nuton for copper) and expanding into future‑facing materials such as lithium. These efforts could open new revenue streams and support lower‑carbon supply chains, but they carry typical technology, execution, and regulatory risks.

Summary

Overall, Rio Tinto combines strong, cash‑generative core operations with a solid balance sheet and a clear push into innovation and decarbonization. Financially, the company remains profitable and cash‑rich, though earnings and cash flows are clearly tied to volatile commodity prices. Strategically, it benefits from tier‑one, low‑cost assets and a global footprint, while investing heavily in automation, low‑carbon technologies, and critical minerals for the energy transition. Key uncertainties center on the commodity cycle, project execution, environmental and social approvals for new developments, and the pace at which new technologies and growth projects translate into stable, long‑term returns.

NEWS

November 25, 2025 · 9:00 AM UTC

Rio Tinto strengthens support for organisations responding to gender-based violence across Canada

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November 17, 2025 · 4:52 PM UTC

Rio Tinto to reduce production at Yarwun Alumina Refinery to extend operational life

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November 16, 2025 · 4:33 PM UTC

Rio Tinto partners with Calix to test low-emissions steel making in Western Australia, pauses BioIron

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November 13, 2025 · 4:59 PM UTC

Rio Tinto signs new wind power deal for Kennecott

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October 29, 2025 · 8:00 AM UTC

Rio2 Provides Fenix Gold Mine Q3 2025 Construction Update

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