$281B
Rio Tinto Limited
RIO.AX
Mining / Diversified
Current Rating: HOLD
last updated: 2026-05-08
$57.6B
28.34x
N/A
Research Reports
Company Overview
Company Introduction:
Company Identity: Rio Tinto Limited is one of the world's largest mining companies and a diversified industrial entity with significant global reach. The company occupies a leading market position, leveraging a broad commodity portfolio to mitigate risks associated with fluctuations in individual commodity prices.
Founding and History: Established in 1873, Rio Tinto was founded as a joint venture between British and Australian investors. The company's early growth trajectory was driven by the discovery of rich iron ore deposits in Western Australia, which established a foundational export commodity. Over subsequent decades, Rio Tinto expanded its operations into new regions and minerals, transforming from a regional iron ore producer into a global diversified mining powerhouse.
Key Financials
Income Statement (US$M)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 57,638 | 53,658 | 54,041 | 55,554 | 63,495 |
| Profit Before Tax | 14,568 | 15,615 | 13,785 | 18,662 | 30,833 |
| Net Income | 10,249 | 11,574 | 9,953 | 13,048 | 22,575 |
| Interest Expense | 1,462 | 1,196 | 1,259 | 762 | 536 |
| Depreciation & Amortisation | 6,577 | 5,918 | 5,334 | 5,010 | 4,697 |
Balance Sheet (US$M)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Net Assets | 67,024 | 57,965 | 56,341 | 52,274 | 56,590 |
| Property, Plant & Equipment | 84,310 | 68,573 | 66,468 | 64,734 | 64,927 |
| Cash & Equivalents | 8,872 | 8,495 | 9,673 | 6,775 | 12,807 |
| Loans & Borrowings | 21,931 | 12,442 | 13,001 | 11,071 | 12,168 |
| Total Current Assets | 21,569 | 19,120 | 21,510 | 18,973 | 24,432 |
| Total Current Liabilities | 14,930 | 11,743 | 12,743 | 11,603 | 12,627 |
Cash Flow (US$M)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Depreciation | 6,265 | 5,780 | 5,210 | 4,851 | 4,519 |
Related Companies
| Company | Ticker | Recommendation | Price Target | P/E Ratio | EV/EBITDA | Revenue (FY25) | Sector |
|---|---|---|---|---|---|---|---|
| BHP Group Limited | BHP.AX | SELL | $44.45 | 27.81x | N/A | $51.3B | Mining / Diversified |
| Rio Tinto Limited | RIO.AX | HOLD | $98.00 | 28.34x | N/A | $57.6B | Mining / Diversified |
| Fortescue Limited | FMG.AX | BUY | $15.20 | 17.12x | N/A | $15.5B | Mining / Iron Ore |
| Mineral Resources Limited | MIN.AX | HOLD | $52.00 | 28.65x | N/A | $4.5B | Mining / Iron Ore |
| IGO Limited | IGO.AX | BUY | $18.50 | N/A | N/A | $0.5B | Mining / Nickel |