RIO Tinto
RIO · NYSEMetal Mining · Fiscal year ends Dec 31
RIO Tinto reported revenue of $57.6B in the fiscal year ended Dec 2025, up 7.4% from the year before. Operating income was $14.9B, an operating margin of 25.9%, and net income was $10.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $63.5B | $55.6B | $54B | $53.7B | $57.6B |
| Research & development | $65M | $76M | $245M | $398M | $524M |
| Operating income | $29.8B | $19.9B | $14.8B | $15.7B | $14.9B |
| Interest expense | $243M | $335M | $967M | $763M | $1.1B |
| Pre-tax income | $30.8B | $18.7B | $13.8B | $15.6B | $14.6B |
| Income tax | $8.2B | $5.6B | $3.8B | $4B | $4.3B |
| Net income | $22.6B | $13B | $10B | $11.6B | $10.2B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $12.8B | $6.8B | $9.7B | $8.5B | $8.9B |
| Receivables | $3.6B | $3.5B | $3.9B | $4.2B | $5B |
| Inventory | $5.4B | $6.2B | $6.7B | $5.9B | $7B |
| Current assets | $24.4B | $19B | $21.5B | $19.1B | $21.6B |
| Net PP&E | $63.8B | $63.7B | $65.3B | $67.3B | $82.9B |
| Goodwill | $879M | $826M | $797M | $727M | $2.9B |
| Total assets | $103B | $96.8B | $104B | $103B | $128B |
| Payables | $7.7B | $8B | $8.2B | $8.2B | $10.1B |
| Current liabilities | – | – | $12.7B | $11.7B | $14.9B |
| Total liabilities | $46.3B | $44B | $47.2B | $44.8B | $61.1B |
| Shareholders' equity | $51.4B | $50.6B | $54.6B | $55.2B | $62.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $25.3B | $16.1B | $15.2B | $15.6B | $16.8B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −12.5% | −2.7% | −0.7% | 7.4% |
| Operating income growth (YoY) | – | −33.1% | −25.6% | 5.6% | −4.6% |
| Operating margin | 47.0% | 35.9% | 27.4% | 29.2% | 25.9% |
| Net margin | 35.6% | 23.5% | 18.4% | 21.6% | 17.8% |
| Return on equityBlank when equity is negative | 43.9% | 25.8% | 18.2% | 20.9% | 16.5% |
| ROCEEBIT ÷ (assets − current liabilities) | – | – | 16.3% | 17.2% | 13.2% |
| Cash conversion (CFO ÷ net income) | 1.12x | 1.24x | 1.52x | 1.35x | 1.64x |
| Receivable days | 21 | 23 | 27 | 29 | 32 |
| Interest cover | 123x | 59.5x | 15.3x | 20.5x | 14.1x |
| Current ratio | – | – | 1.69x | 1.63x | 1.44x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.