RIO TINTO PLC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data RIO TINTO PLC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	33,781	40,030	40,594	43,165	44,611	64,084	56,074	54,041	54,202	57,638
Research and development	60	58	45	45	45	65	76	245	398	524
Operating income	6,795	14,135	17,687	11,466	16,829	29,817	19,933	14,823	15,653	14,936
Interest expense	1,111	848	552	554	268	243	335	967	763	1,062
Interest income	89	141	249	300	141	64	179	536	514	465
Pre-tax income	6,343	12,816	18,167	11,119	15,391	30,833	18,662	13,785	15,615	14,568
Income tax	1,567	3,965	4,242	4,147	4,991	8,236	5,614	3,832	4,041	4,319
Net income to minority interests	159	-89	287	-1,038	631	1,482	656	-105	22	283
Net income	4,617	8,762	13,638	8,010	9,769	21,115	12,392	10,058	11,552	9,966
EBITDA	11,589	18,510	21,702	15,850	21,108	34,514
EPS, basic	2.57	4.90	7.93	4.91	6.04	13.05	7.65	6.20	7.12	6.14
EPS, diluted	2.55	4.87	7.88	4.88	6.00	12.96	7.60	6.17	7.07	6.08

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	8,201	10,550	10,773	8,027	10,381	12,807	6,775	9,673	8,495	8,872
Short-term investments	252	964	2,527	2,603	2,668	2,462	2,064	1,060	346	547
Receivables	3,460	3,443	3,179	3,027	3,644	3,574	3,478	3,945	4,241	4,996
Inventory	2,937	3,472	3,447	3,463	3,917	5,436	6,213	6,659	5,860	6,968
Total current assets	15,055	18,678	20,168	17,303	20,855	24,432	18,973	21,510	19,120	21,569
Property, plant and equipment	58,855	62,093	56,361	56,307	62,007	63,793	63,731	65,290	67,345	82,889
Lease right-of-use assets			0	1,065	875	1,134	1,003	1,178	1,228	1,421
Goodwill	951	1,037	912	922	946	879	826	797	727	2,949
Intangible assets	3,279	3,119	2,779	2,637	2,755	2,832	3,645	4,389	2,804	5,227
Total assets	89,263	95,726	90,949	87,802	97,390	102,896	96,774	103,549	102,786	128,102
Accounts payable	6,361	7,061	6,600	6,480	7,421	7,733	8,047	8,238	8,178	10,133
Short-term debt	717	552	312	1,022	584	1,136	923	824	180	733
Total current liabilities	9,362	11,225						12,743	11,743	14,930
Lease liabilities						1,039	908	1,006	1,059	1,062
Total liabilities	43,533	44,611	41,126	42,560	45,487	46,306	44,033	47,208	44,821	61,078
Total debt	17,630	15,176	12,752	14,115	13,831	13,531	11,071	13,001	12,442	21,931
Paid-in capital	4,304	4,306	4,312	4,313	4,314	4,320	4,322	4,324	4,326	4,329
Retained earnings	21,631	23,761	27,025	23,387	26,792	33,337	35,020	38,350	42,539	46,581
Shareholders' equity	39,290	44,711	43,686	40,532	47,570	51,432	50,634	54,586	55,246	62,203
Minority interests	6,440	6,404	6,137	4,710	4,849	5,158	2,107	1,755	2,719	4,821
Total equity	45,730	51,115	49,823	45,242	52,426	57,096	52,741	56,341	57,965	67,024
Total liabilities and equity	89,263	95,726	90,949	87,802	97,913	103,402	96,774	103,549	102,786	128,102

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	4,776	8,851	13,925	6,972	10,400	22,597	13,048	9,953	11,574	10,249
Depreciation and amortization	4,794	4,375	4,015	4,384	4,279	4,697
Cash from operations	8,465	13,884	11,821	14,912	15,875	25,345	16,134	15,160	15,599	16,832
Cash from investing	-2,104	-2,373	1,321	-5,501	-6,556	-7,159	-6,707	-6,962	-9,594	-19,335
Debt issued	4,413	18	54	80	125	1,488	321	1,833	261	16,019
Debt repaid	-9,361	-2,795	-2,300	-203	-721	-1,707	-790	-310	-860	-8,189
Share buybacks		-2,083	-5,386	-1,552	-208	0	0
Dividends paid	-3,077	-4,653	-5,771	-10,710	-6,821	-16,475	-12,137	-6,928	-7,553	-6,410
Cash from financing	-7,491	-9,141	-12,951	-12,219	-7,130	-15,862	-15,473	-5,277	-7,094	2,789
Exchange rate effect	-35	-12	151	-54	165	100	15	-23	-99	95
Net change in cash	-1,165	2,358	342	-2,862	2,354	2,424	-6,031	2,898	-1,188	381
Interest paid	1,294	897	612	537	569	438	573	612	685	862
Income taxes paid	1,521	2,307	3,602	4,549	5,289	8,494	6,909	4,627	4,165	4,215

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $94.56 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	25.9%	Operating income / revenue.
Pre-tax margin	25.3%	Pre-tax income / revenue.
Net margin	17.3%	Net income / revenue.
Operating cash flow margin	29.2%	Cash from operations / revenue.
Effective tax rate	29.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	17.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.6%	Net income / average total assets.
Return on invested capital (ROIC)	15.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	0.9%	Research and development expense / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-4.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-9.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-2.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-13.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-7.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	0.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-14.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-7.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	0.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	7.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	1.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	1.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	12.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	7.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	5.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	24.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.44x	Current assets / current liabilities.
Quick ratio	0.97x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.63x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.35x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	17.1%	Total debt / total assets.
Liabilities / assets	47.7%	Total liabilities / total assets.
Net debt	$12.51B	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	14.1x	Operating income / interest expense.
Working capital	$6.64B	Current assets - current liabilities.
Goodwill and intangibles / assets	6.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$54.03B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.50x	Revenue / average total assets.
Fixed asset turnover	0.77x	Revenue / average property, plant and equipment.
Receivables turnover	12.5x	Revenue / average receivables.
Days sales outstanding	29 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$6.08	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$6.14	Net income per basic share, as reported (split-adjusted).
Payout ratio	64.3%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$118.77B	Share price x shares outstanding.
Enterprise value	$131.28B	Market cap + total debt - cash - short-term investments.
P/E	11.9x	Market cap / net income. Only when net income is positive.
P/S	2.06x	Market cap / revenue.
P/B	1.91x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.20x	Market cap / tangible book value, when positive.
P/OCF	7.06x	Market cap / cash from operations, when positive.
EV/Sales	2.28x	Enterprise value / revenue.
EV/EBIT	8.79x	Enterprise value / operating income, when both are positive.
Earnings yield	8.4%	Net income / market cap (the inverse of P/E).
Dividend yield	5.4%	Dividends paid over the period / market cap.
Shareholder yield	5.4%	(Dividends paid + share buybacks) / market cap.

What was RIO TINTO PLC's revenue in fiscal 2025?

RIO TINTO PLC reported revenue of $57.64B for fiscal 2025, 6.3% higher than the year before.

Was RIO TINTO PLC profitable in fiscal 2025?

Yes. Net income was $9.97B, a net margin of 17.3%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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