Rio Tinto Financials

RIO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Rio Tinto (RIO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RIO FY2025 2026-04-22

Rio Tinto's core business still throws off cash, but FY2025 became a much heavier investment year that diluted returns on a larger asset base.

FY2025 operating cash flow rose to $16.8B even as net income fell to $10.2B, but that stronger cash engine was still outrun by investing outflows of $19.3B; cash was preserved only because financing cash flow flipped to a $2.8B inflow. That combination says the pressure was not in day-to-day cash generation, but in how aggressively the company chose to deploy capital.

Low borrowing dependence is visible in the gap between just $67M of interest expense and $16.8B of operating cash flow, so funding costs are not doing much to shape results. Yet total liabilities still climbed to $61.1B while long-term debt stayed near $1.1B, which means FY2025's added obligations came mostly from non-debt liabilities rather than a classic borrowing surge.

Returns have compressed as the asset base expanded: from FY2023 to FY2025, revenue moved from $54.0B to $57.6B while total assets grew from $103.5B to $128.1B. The result is a lower return on assets of 8.0% versus 9.6% in FY2023, suggesting new investment has increased scale faster than it has increased earnings power so far.

Financial Health Signals

Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Rio Tinto's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Rio Tinto's revenue grew 7.4% year-over-year to $57.6B, a solid pace of expansion. This earns a growth score of 39/100.

Leverage

100

Rio Tinto carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Rio Tinto's current ratio of 1.44 is below the typical benchmark, resulting in a score of 24/100. However, the company holds substantial cash reserves (59% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Returns

Rio Tinto's ROE of 15.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 20.0% the prior year.

Piotroski F-Score Neutral

4/9

Rio Tinto passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.64x

For every $1 of reported earnings, Rio Tinto generates $1.64 in operating cash flow ($16.8B OCF vs $10.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$57.6B

YoY+7.4%

5Y CAGR+5.3%

10Y CAGR+5.2%

Rio Tinto generated $57.6B in revenue in fiscal year 2025. This represents an increase of 7.4% from the prior year.

EBITDA

N/A

Net Income

$10.2B

YoY-11.4%

5Y CAGR-0.3%

Rio Tinto reported $10.2B in net income in fiscal year 2025. This represents a decrease of 11.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$8.9B

YoY+4.4%

5Y CAGR-3.1%

Rio Tinto held $8.9B in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.26B

YoY+0.0%

5Y CAGR+0.0%

Rio Tinto had 1.26B shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

17.8%

YoY-3.8pp

5Y CAGR-5.5pp

10Y CAGR+22.7pp

Rio Tinto's net profit margin was 17.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.8 percentage points from the prior year.

Return on Equity

15.3%

YoY-4.7pp

5Y CAGR-4.5pp

10Y CAGR+19.2pp

Rio Tinto's ROE was 15.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

RIO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$57.6B+7.4%	$53.7B-0.7%	$54.0B-2.7%	$55.6B-12.5%	$63.5B+42.3%	$44.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$67.0M0.0%	$67.0M+34.0%	$50.0M+6.4%	$47.0M-2.1%	$48.0M-4.0%	$50.0M
Income Tax	$4.3B+6.9%	$4.0B+5.5%	$3.8B-31.7%	$5.6B-31.8%	$8.2B+65.0%	$5.0B
Net Income	$10.2B-11.4%	$11.6B+16.3%	$10.0B-23.7%	$13.0B-42.3%	$22.6B+117.3%	$10.4B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RIO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$128.1B+24.6%	$102.8B-0.7%	$103.5B+7.0%	$96.8B-5.9%	$102.9B+5.7%	$97.4B
Current Assets	$21.6B+12.8%	$19.1B-11.1%	$21.5B+13.4%	$19.0B-22.3%	$24.4B+17.2%	$20.9B
Cash & Equivalents	$8.9B+4.4%	$8.5B-12.2%	$9.7B+42.8%	$6.8B-47.1%	$12.8B+23.4%	$10.4B
Inventory	$7.0B+18.9%	$5.9B-12.0%	$6.7B+7.2%	$6.2B+14.3%	$5.4B+38.8%	$3.9B
Accounts Receivable	$5.0B+17.8%	$4.2B+7.5%	$3.9B+13.4%	$3.5B-2.7%	$3.6B-1.9%	$3.6B
Goodwill	$2.9B+305.6%	$727.0M-8.8%	$797.0M-3.5%	$826.0M-6.0%	$879.0M-7.1%	$946.0M
Total Liabilities	$61.1B+36.3%	$44.8B-5.1%	$47.2B+7.2%	$44.0B-4.9%	$46.3B+1.8%	$45.5B
Current Liabilities	$14.9B+27.1%	$11.7B-7.8%	$12.7B+9.8%	$11.6B-8.1%	$12.6B+8.8%	$11.6B
Long-Term Debt	$1.1B+0.3%	$1.1B+5.3%	$1.0B+10.8%	$908.0M-12.6%	$1.0B-92.5%	$13.8B
Total Equity	$67.0B+15.6%	$58.0B+2.9%	$56.3B+6.8%	$52.7B-7.6%	$57.1B+8.9%	$52.4B
Retained Earnings	$46.6B+9.5%	$42.5B+10.9%	$38.4B+9.5%	$35.0B+5.0%	$33.3B+24.4%	$26.8B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$128.1B+6.0%	$120.8B+17.5%	$102.8B+0.9%	$101.9B-1.6%	$103.5B+6.1%	$97.6B+0.8%	$96.8B-5.0%	$101.9B
Current Assets	$21.6B+2.9%	$21.0B+9.6%	$19.1B-6.4%	$20.4B-5.1%	$21.5B+3.5%	$20.8B+9.5%	$19.0B-19.0%	$23.4B
Cash & Equivalents	$8.9B-1.6%	$9.0B+6.1%	$8.5B-8.2%	$9.3B-4.3%	$9.7B+5.4%	$9.2B+35.5%	$6.8B-40.6%	$11.4B
Inventory	$7.0B+2.0%	$6.8B+16.6%	$5.9B-10.1%	$6.5B-2.1%	$6.7B+3.7%	$6.4B+3.4%	$6.2B+7.2%	$5.8B
Accounts Receivable	$5.0B+9.2%	$4.6B+7.8%	$4.2B+9.2%	$3.9B-1.5%	$3.9B+11.3%	$3.5B+1.9%	$3.5B-4.6%	$3.6B
Goodwill	$2.9B+15.4%	$2.6B+251.6%	$727.0M-7.4%	$785.0M-1.5%	$797.0M+2.7%	$776.0M-6.1%	$826.0M-2.7%	$849.0M
Total Liabilities	$61.1B+3.8%	$58.8B+31.3%	$44.8B+0.2%	$44.7B-5.3%	$47.2B+6.8%	$44.2B+0.4%	$44.0B-1.7%	$44.8B
Current Liabilities	$14.9B+8.7%	$13.7B+17.0%	$11.7B-2.4%	$12.0B-5.6%	$12.7B+22.0%	$10.4B-10.0%	$11.6B-11.5%	$13.1B
Long-Term Debt	$1.1B-10.2%	$1.2B+11.6%	$1.1B-2.4%	$1.1B+7.9%	$1.0B+8.1%	$931.0M+2.5%	$908.0M	N/A
Total Equity	$67.0B+8.2%	$62.0B+6.9%	$58.0B+1.4%	$57.2B+1.5%	$56.3B+5.6%	$53.4B+1.2%	$52.7B-8.5%	$57.6B
Retained Earnings	$46.6B+7.4%	$43.4B+2.0%	$42.5B+6.0%	$40.1B+4.7%	$38.4B+5.3%	$36.4B+4.0%	$35.0B+2.8%	$34.1B

RIO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$16.8B+7.9%	$15.6B+2.9%	$15.2B-6.0%	$16.1B-36.3%	$25.3B+59.7%	$15.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$19.3B-101.5%	-$9.6B-37.8%	-$7.0B-3.8%	-$6.7B+6.3%	-$7.2B-9.2%	-$6.6B
Financing Cash Flow	$2.8B+139.3%	-$7.1B-34.4%	-$5.3B+65.9%	-$15.5B+2.5%	-$15.9B-122.5%	-$7.1B
Dividends Paid	$6.1B-12.5%	$7.0B+8.6%	$6.5B-44.8%	$11.7B-23.6%	$15.4B+150.4%	$6.1B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RIO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.8%-3.8pp	21.6%+3.1pp	18.4%-5.1pp	23.5%-12.1pp	35.6%+12.3pp	23.3%
Return on Equity	15.3%-4.7pp	20.0%+2.3pp	17.7%-7.1pp	24.7%-14.8pp	39.6%+19.7pp	19.8%
Return on Assets	8.0%-3.3pp	11.3%+1.7pp	9.6%-3.9pp	13.5%-8.5pp	22.0%+11.3pp	10.7%
Current Ratio	1.44-0.2	1.63-0.1	1.69+0.1	1.64-0.3	1.93+0.1	1.80
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.020.0	0.02-0.2	0.26
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.44-0.1	1.53-0.1	1.63-0.1	1.700.0	1.69-0.3	1.99+0.4	1.64-0.2	1.79
Debt-to-Equity	0.020.0	0.020.0	0.020.0	0.020.0	0.020.0	0.020.0	0.02-0.8	0.78
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Rio Tinto's annual revenue?

Rio Tinto (RIO) reported $57.6B in total revenue for fiscal year 2025. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rio Tinto's revenue growing?

Rio Tinto (RIO) revenue grew by 7.4% year-over-year, from $53.7B to $57.6B in fiscal year 2025.

Is Rio Tinto profitable?

Yes, Rio Tinto (RIO) reported a net income of $10.2B in fiscal year 2025, with a net profit margin of 17.8%.

How much debt does Rio Tinto have?

As of fiscal year 2025, Rio Tinto (RIO) had $8.9B in cash and equivalents against $1.1B in long-term debt.

What is Rio Tinto's net profit margin?

Rio Tinto (RIO) had a net profit margin of 17.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Rio Tinto's return on equity (ROE)?

Rio Tinto (RIO) has a return on equity of 15.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Rio Tinto's operating cash flow?

Rio Tinto (RIO) generated $16.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Rio Tinto's total assets?

Rio Tinto (RIO) had $128.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Rio Tinto have outstanding?

Rio Tinto (RIO) had 1.26B shares outstanding as of fiscal year 2025.

What is Rio Tinto's current ratio?

Rio Tinto (RIO) had a current ratio of 1.44 as of fiscal year 2025, which is considered adequate.

What is Rio Tinto's debt-to-equity ratio?

Rio Tinto (RIO) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rio Tinto's return on assets (ROA)?

Rio Tinto (RIO) had a return on assets of 8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Rio Tinto's Piotroski F-Score?

Rio Tinto (RIO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rio Tinto's earnings high quality?

Rio Tinto (RIO) has an earnings quality ratio of 1.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Rio Tinto?

Rio Tinto (RIO) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.