Rio Tinto Group (RIO) financials
NYSE · Basic Materials · Industrial Materials · 56,890 employees · CEO Simon Callas Trott
- Price
- $81.89 -1.63%
- Market cap
- $133B
- Enterprise value
- $147B
- Last report
- Q2 '26 filed 2026-07-29
- Next report
- 2027-02-24 EPS est. $3.80
Valuation & key figures
- Market cap
- $133B EV $147B
- Revenue
- – Trailing 12 months
- Revenue growth
- +10% FY2026 consensus
- Profit margin
- – Net income / revenue, TTM
- P/E
- 11.0× Forward 10.0× (FY2026)
- P/S
- 2.2× Price / sales, TTM
- EV / EBITDA
- 6.1× TTM
- Free cash flow
- – Trailing 12 months
- Net income
- – Trailing 12 months
- Revenue estimate
- $63.6B FY2026 consensus
- Earnings
- 2027-02-24 Revenue est. $31.9B
- Dividend
- $3.59 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-07-28): revenue missed by 1.9%, EPS beat by 2.9%Revenue $31B vs $31.6B expected (-1.9%); EPS $4.21 vs $4.09 (+2.9%).
- Revenue growth accelerating: 14.5% year on yearQ2 '26 revenue $31B, against an average of 3.7% over the four quarters before.
- Diluted share count up 0.2% in a year1.64B diluted shares in Q2 '26, 1.64B a year earlier.
- Net debt $13.3BCash + short-term investments $9.51B, debt incl. leases $22.9B; a year ago net debt $14.3B.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $31B | $27.1B | +14.5% |
| Gross margin | 28.0% | 25.0% | +3.1 pp |
| Operating income | $8.7B | $6.77B | +28.4% |
| Operating margin | 28.0% | 25.0% | +3.1 pp |
| Net income | $6.66B | $4.57B | +45.9% |
| Diluted EPS | $4.06 | $2.79 | +45.5% |
| Operating cash flow | $9.18B | $7.04B | +30.4% |
| Capex | $5.95B | $4.77B | +24.5% |
| Free cash flow | $3.23B | $2.26B | +42.9% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $0 | $0 | – |
Reported vs consensus
2026-07-28| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $31B | $31.6B | -1.9% |
| EPS (as estimated) | $4.21 | $4.09 | +2.9% |
From the report of 2026-07-28 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '23 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Iron Ore | $16.3B | -7.0% | 61.1% | – | – | |
| Aluminium, Alumina And Bauxite | $6.19B | -15.4% | 23.2% | – | – | |
| Copper | $1.7B | -0.4% | 6.3% | – | – | |
| Industrial Minerals | $1.25B | +1.1% | 4.7% | – | – | |
| Other Product | $765M | -7.7% | 2.9% | – | – | |
| Gold | $236M | -26.7% | 0.9% | – | – | |
| Diamonds | $250M | -46.2% | 0.9% | – | – | |
| Uranium | – | – | – | – | – |
Revenue by region
share of total| Segment | Q2 '23 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| CHINA | – | – | – | – | – | |
| Greater China | $15.5B | – | 58.2% | – | – | |
| United States | $3.89B | -19.9% | 14.6% | – | – | |
| Asia Excluding China And Japan | $1.96B | -27.5% | 7.4% | – | – | |
| JAPAN | $1.79B | -12.2% | 6.7% | – | – | |
| Europe Excluding Uk | $1.54B | -23.0% | 5.8% | – | – | |
| Other Countries | $713M | -29.5% | 2.7% | – | – | |
| CANADA | $785M | -15.9% | 3.0% | – | – | |
| AUSTRALIA | $451M | -24.3% | 1.7% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Free cash flow
- –
- Returned to shareholders / FCF
- –
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 11.0× | 9.5× | 5.1× – 13.0× |
| EV / EBITDA | 6.1× | 5.4× | 3.1× – 7.1× |
| EV / Sales | 2.4× | 2.1× | 1.7× – 2.5× |
| Price / FCF | 23.2× | 15.2× | 6.0× – 27.0× |
| Price / Book | 2.0× | 2.1× | 1.7× – 2.3× |
| FCF yield | 4.3% | 8.3% | 3.7% – 16.6% |
| Return on invested capital | 10.5% | 14.7% | 9.2% – 23.9% |
| Return on equity | 18.9% | 24.2% | 16.1% – 41.1% |
Analysts
Consensus target $97.50 (+19.1%)
range $89.50 – $113.00 · rating Hold
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $63.6B | +10.1% | $8.22 | +34.8% | 10.0× | 7 |
| FY2027 | $65.3B | +2.6% | $8.22 | -0.1% | 10.0× | 7 |
| FY2028 | $66.5B | +1.8% | $8.16 | -0.7% | 10.0× | 9 |
| FY2029 | $73.4B | +10.3% | $9.92 | +21.5% | 8.3× | 3 |
| FY2030 | $64.5B | -12.1% | $6.91 | -30.3% | 11.9× | 3 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-01