Rio Tinto Group
Rio Tinto Group (RIO) Financial Performance & Income Statement Overview
Analyze Rio Tinto Group (RIO) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
Rio Tinto Group (RIO) Income Statement & Financial Overview
Review Rio Tinto Group RIO income statement with detailed quarterly and annual figures.
| Metric | Q4 2024 | Q2 2024 | Q4 2023 | Q2 2023 |
|---|---|---|---|---|
| Revenue | $26.86B | $26.80B | $27.16B | $26.67B |
| Cost of Revenue | $5.28B | $18.10B | $20.25B | $18.82B |
| Gross Profit | $21.57B | $8.71B | $6.90B | $7.84B |
| Gross Profit Ratio | $0.80 | $0.32 | $0.25 | $0.29 |
| R&D Expenses | $398.00M | $0.00 | $245.00M | $0.00 |
| SG&A Expenses | $2.45B | $488.00M | $829.00M | $710.00M |
| Operating Expenses | $14.14B | $482.00M | $626.00M | $1.91B |
| Total Costs & Expenses | $19.43B | $18.58B | $20.25B | $18.82B |
| Interest Income | -$85.00M | $109.00M | $288.69M | $245.00M |
| Interest Expense | $1.63B | $0.00 | $585.31M | $656.00M |
| Depreciation & Amortization | $3.10B | $2.82B | $3.20B | $3.06B |
| EBITDA | $12.62B | $10.54B | $10.19B | $10.10B |
| EBITDA Ratio | $0.47 | $0.39 | $0.37 | $0.41 |
| Operating Income | $7.93B | $7.72B | $6.90B | $7.84B |
| Operating Income Ratio | $0.30 | $0.29 | $0.25 | $0.29 |
| Other Income/Expenses (Net) | -$435.00M | $397.00M | -$346.23M | -$748.00M |
| Income Before Tax | $7.50B | $8.12B | $6.56B | $6.50B |
| Income Before Tax Ratio | $0.28 | $0.30 | $0.24 | $0.24 |
| Income Tax Expense | $1.82B | $2.23B | $1.83B | $1.98B |
| Net Income | $5.74B | $5.81B | $4.90B | $5.12B |
| Net Income Ratio | $0.21 | $0.22 | $0.18 | $0.19 |
| EPS | $3.56 | $3.56 | $3.02 | $3.16 |
| Diluted EPS | $3.51 | $3.56 | $3.00 | $3.14 |
| Weighted Avg Shares Outstanding | $1.62B | $1.63B | $1.62B | $1.62B |
| Weighted Avg Shares Outstanding (Diluted) | $1.63B | $1.63B | $1.63B | $1.63B |
Over the past four quarters, Rio Tinto Group demonstrated steady revenue growth, increasing from $26.67B in Q2 2023 to $26.86B in Q4 2024. Operating income reached $7.93B in Q4 2024, maintaining a consistent 30% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $12.62B, reflecting operational efficiency. Net income dropped to $5.74B, with EPS at $3.56. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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