Rio Tinto Group (RIO) Key Metrics
RIO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $146.90B
- Enterprise value
- $170.63B
- P/E (TTM)
- 12.2 10-yr median 11.5
- Forward P/E
- 12.1
- PEG ratio
- 5.69
- Price / sales
- 2.4 10-yr median 2.2
- Price / book
- 2.4 10-yr median 2.1
- EV / EBITDA
- 6.5 10-yr median 6.1
- Dividend yield
- 3.97% $4.65 a year
- Beta
- 0.66
RIO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRIO valuation Price multiples at each fiscal year-end price.
RIO returns How much profit the business earns on the capital it uses.
RIO per-share figures Results divided by the shares outstanding at year-end.
RIO financial health Debt, liquidity and how easily interest is covered.
RIO efficiency & capital use Working capital cycle and where the cash goes.
RIO valuation history
RIO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RIO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RIO cash returned to shareholders
RIO price vs earnings per share
RIO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $131.09B | $96.06B | $121.48B | $116.03B | $109.04B | $122.50B | $97.48B | $83.95B | $95.25B | $69.56B |
| Enterprise value | $145.17B | $102.72B | $125.08B | $119.36B | $107.22B | $123.29B | $101.49B | $84.41B | $99.67B | $79.39B |
| P/E ratio | 13.1 | 8.3 | 12.1 | 9.4 | 5.2 | 12.5 | 12.2 | 6.2 | 10.9 | 15.1 |
| Price / sales | 2.3 | 1.8 | 2.2 | 2.1 | 1.7 | 2.7 | 2.3 | 2.1 | 2.4 | 2.1 |
| Price / book | 2.1 | 1.7 | 2.2 | 2.3 | 2.1 | 2.6 | 2.4 | 1.9 | 2.1 | 1.8 |
| Price / free cash flow | 27.2 | 16.1 | 15.0 | 12.4 | 6.1 | 12.6 | 10.3 | 13.1 | 10.1 | 12.8 |
| Price / operating cash flow | 7.6 | 6.2 | 8.0 | 7.2 | 4.3 | 7.7 | 6.5 | 7.1 | 6.9 | 8.2 |
| EV / sales | 2.5 | 1.9 | 2.3 | 2.1 | 1.7 | 2.8 | 2.4 | 2.1 | 2.5 | 2.4 |
| EV / EBITDA | 7.1 | 5.2 | 6.4 | 5.1 | 3.1 | 6.4 | 6.4 | 3.8 | 5.7 | 6.8 |
| EV / free cash flow | 30.1 | 17.2 | 15.5 | 12.7 | 6.0 | 12.7 | 10.8 | 13.2 | 10.6 | 14.6 |
| Earnings yield | 7.6% | 12.0% | 8.3% | 10.7% | 19.4% | 8.0% | 8.2% | 16.2% | 9.2% | 6.6% |
| Free cash flow yield | 3.7% | 6.2% | 6.6% | 8.1% | 16.5% | 7.9% | 9.7% | 7.6% | 9.9% | 7.8% |
| Dividend yield | 4.7% | 7.3% | 5.3% | 10.1% | 14.1% | 5.0% | 10.6% | 6.4% | 4.5% | 3.9% |
| Shareholder yield (dividends + buybacks) | 4.7% | 7.3% | 5.3% | 10.1% | 14.1% | 5.2% | 12.2% | 12.8% | 6.6% | 3.9% |
| Share price at fiscal year-end | $80.03 | $58.81 | $74.46 | $71.20 | $66.94 | $75.22 | $59.36 | $48.48 | $52.93 | $38.46 |
| Per share | ||||||||||
| Revenue per share | $35.27 | $32.85 | $33.12 | $34.09 | $38.98 | $27.39 | $26.29 | $23.40 | $22.25 | $18.68 |
| Earnings per share | $6.10 | $7.07 | $6.16 | $7.60 | $12.96 | $6.00 | $4.88 | $7.88 | $4.87 | $2.55 |
| Operating cash flow per share | $10.49 | $9.55 | $9.29 | $9.90 | $15.56 | $9.75 | $9.08 | $6.83 | $7.72 | $4.68 |
| Free cash flow per share | $2.94 | $3.66 | $4.95 | $5.76 | $11.03 | $5.95 | $5.74 | $3.69 | $5.22 | $3.02 |
| Cash per share | $5.77 | $4.41 | $6.59 | $5.48 | $9.42 | $8.12 | $6.51 | $7.78 | $6.47 | $4.73 |
| Book value per share | $37.97 | $33.82 | $33.46 | $30.79 | $31.57 | $28.89 | $24.68 | $25.23 | $24.85 | $21.72 |
| Tangible book value per share | $32.98 | $32.01 | $31.49 | $28.05 | $29.30 | $26.62 | $22.52 | $23.10 | $22.54 | $19.39 |
| Dividends per share | $3.76 | $4.30 | $3.97 | $7.20 | $9.43 | $3.77 | $6.29 | $3.09 | $2.36 | $1.51 |
| Capex per share | $7.55 | $5.89 | $4.34 | $4.14 | $4.53 | $3.80 | $3.34 | $3.14 | $2.49 | $1.67 |
| Debt per share | $14.36 | $8.48 | $8.80 | $7.53 | $8.31 | $8.61 | $8.96 | $8.04 | $8.92 | $10.17 |
| Shares outstanding | 1.64B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B | 1.64B | 1.73B | 1.80B | 1.81B |
| Change in shares outstanding | +0.3% | +0.1% | +0.1% | +0.0% | +0.0% | −0.8% | −5.2% | −3.8% | −0.5% | −0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.0% | 21.0% | 19.2% | 24.4% | 42.9% | 22.3% | 19.0% | 30.9% | 20.9% | 12.0% |
| Return on invested capital (ROIC) | 15.2% | 19.3% | 19.2% | 27.1% | 44.8% | 24.6% | 22.5% | 29.1% | 19.9% | 10.2% |
| Return on assets (ROA) | 8.7% | 11.2% | 10.0% | 12.4% | 21.1% | 10.6% | 9.0% | 14.6% | 9.5% | 5.1% |
| Return on tangible assets | 8.3% | 11.6% | 10.0% | 13.4% | 21.3% | 10.4% | 9.5% | 15.6% | 9.6% | 5.4% |
| Free cash flow margin | 8.3% | 11.1% | 14.9% | 16.9% | 28.3% | 21.7% | 21.8% | 15.8% | 23.5% | 16.1% |
| Income quality (OCF / net income) | 1.72 | 1.35 | 1.51 | 1.30 | 1.20 | 1.63 | 1.86 | 0.87 | 1.58 | 1.83 |
| Financial health | ||||||||||
| Total debt | $23.52B | $13.86B | $14.35B | $12.27B | $13.53B | $14.02B | $14.71B | $13.92B | $16.05B | $18.39B |
| Cash & short-term investments | $9.45B | $7.20B | $10.75B | $8.94B | $15.35B | $13.23B | $10.70B | $13.46B | $11.63B | $8.56B |
| Net debt | $14.07B | $6.66B | $3.60B | $3.34B | −$1.82B | $783.0M | $4.02B | $455.0M | $4.42B | $9.83B |
| Debt / equity | 0.38 | 0.25 | 0.26 | 0.24 | 0.26 | 0.30 | 0.36 | 0.32 | 0.36 | 0.47 |
| Debt / assets | 0.18 | 0.13 | 0.14 | 0.13 | 0.13 | 0.14 | 0.17 | 0.15 | 0.17 | 0.21 |
| Net debt / EBITDA | 0.69 | 0.33 | 0.19 | 0.14 | −0.05 | 0.04 | 0.25 | 0.02 | 0.25 | 0.85 |
| Current ratio | 1.44 | 1.63 | 1.69 | 1.64 | 1.93 | 1.80 | 1.56 | 1.92 | 1.69 | 1.60 |
| Quick ratio | 0.98 | 1.13 | 1.17 | 1.10 | 1.50 | 1.46 | 1.24 | 1.61 | 1.38 | 1.29 |
| Interest coverage | 14.0 | 9.6 | 7.6 | 10.8 | 50.4 | 26.1 | 17.0 | 19.0 | 11.5 | 4.7 |
| Working capital | $6.64B | $7.38B | $8.77B | $7.37B | $11.80B | $9.25B | $6.18B | $10.04B | $7.82B | $5.69B |
| Invested capital | $76.27B | $61.90B | $58.19B | $53.51B | $49.61B | $47.84B | $44.55B | $44.14B | $49.13B | $49.12B |
| Tangible asset value | $58.85B | $55.00B | $53.13B | $47.80B | $52.88B | $48.20B | $41.68B | $46.13B | $46.96B | $41.50B |
| Net current asset value | −$39.51B | −$25.70B | −$25.70B | −$25.50B | −$21.87B | −$24.63B | −$25.26B | −$20.22B | −$25.44B | −$28.45B |
| Graham number | $72.18 | $73.36 | $68.12 | $72.58 | $95.96 | $62.45 | $52.05 | $66.86 | $52.17 | $35.32 |
| Graham net-net per share | −$27.03 | −$19.62 | −$18.71 | −$18.35 | −$15.90 | −$17.04 | −$17.01 | −$13.65 | −$15.99 | −$17.16 |
| Capital allocation | ||||||||||
| Dividends paid | $6.16B | $7.03B | $6.47B | $11.73B | $15.36B | $6.13B | $10.33B | $5.36B | $4.25B | $2.73B |
| Share buybacks (net) | $0 | $0 | $0 | $0 | $0 | $208.0M | $1.55B | $5.39B | $2.08B | $0 |
| Dividend payout ratio | 61.7% | 60.8% | 64.3% | 94.6% | 72.7% | 62.8% | 129.0% | 39.3% | 48.5% | 59.0% |
| Dividends + buybacks / free cash flow | 127.7% | 117.5% | 80.1% | 125.0% | 85.5% | 65.5% | 126.1% | 168.1% | 67.4% | 50.0% |
| Capex / revenue | 21.4% | 17.9% | 13.1% | 12.2% | 11.6% | 13.9% | 12.7% | 13.4% | 11.2% | 8.9% |
| Capex / operating cash flow | 71.9% | 61.7% | 46.7% | 41.8% | 29.1% | 39.0% | 36.8% | 45.9% | 32.3% | 35.6% |
| Capex / depreciation | 1.88 | 1.63 | 1.33 | 1.35 | 1.57 | 1.45 | 1.25 | 1.35 | 1.02 | 0.63 |
| Stock-based compensation / revenue | — | — | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.4% |
| R&D / revenue | 0.9% | 0.7% | 0.5% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% |
| SG&A / revenue | 5.4% | 11.0% | 9.8% | 13.3% | 10.6% | 10.8% | 12.8% | 14.2% | 15.6% | 14.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.4 | 23.8 | 23.1 | 21.3 | 18.7 | 25.9 | 25.3 | 28.7 | 30.0 | 30.2 |
| Days of inventory on hand | 56.5 | 97.7 | 63.9 | 99.9 | 92.0 | 87.0 | 76.8 | 76.3 | 74.0 | 71.7 |
| Days payables outstanding | 58.7 | 50.4 | 32.5 | 57.3 | 64.2 | 70.5 | 67.1 | 70.9 | 69.8 | 62.9 |
| Cash conversion cycle (days) | 25.2 | 71.1 | 54.6 | 63.9 | 46.5 | 42.4 | 35.1 | 34.0 | 34.3 | 39.1 |
| Receivables turnover | 13.32 | 15.35 | 15.80 | 17.13 | 19.48 | 14.11 | 14.40 | 12.74 | 12.16 | 12.07 |
| Payables turnover | 6.22 | 7.24 | 11.25 | 6.37 | 5.68 | 5.18 | 5.44 | 5.15 | 5.23 | 5.80 |
| Inventory turnover | 6.46 | 3.73 | 5.71 | 3.65 | 3.97 | 4.20 | 4.75 | 4.79 | 4.93 | 5.09 |
| Asset turnover | 0.50 | 0.52 | 0.54 | 0.56 | 0.63 | 0.48 | 0.48 | 0.43 | 0.43 | 0.37 |
| Average receivables | $4.34B | $3.50B | $3.42B | $3.24B | $3.26B | $3.16B | $3.00B | $3.18B | $3.29B | $2.80B |
| Average payables | $6.66B | $3.23B | $3.27B | $3.34B | $3.27B | $2.99B | $3.02B | $3.22B | $3.02B | $2.68B |
| Average inventory | $6.41B | $6.26B | $6.44B | $5.82B | $4.68B | $3.69B | $3.46B | $3.46B | $3.20B | $3.05B |
| Intangibles / total assets | 6.4% | 2.9% | 3.1% | 4.6% | 3.6% | 3.8% | 4.1% | 4.1% | 4.3% | 4.7% |
Computed from RIO's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RIO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Rio Tinto traded at 13.1 times earnings, against a 10-year median of 11.5. Based on the latest twelve months, the trailing P/E is 12.2 and the forward P/E is 12.1. Rio Tinto earned a return on equity of 17.0% and a return on invested capital of 15.2% in fiscal 2025. It ended the year with $23.5 billion of debt and $9.4 billion in cash and short-term investments, net debt of $14.1 billion. It returned $6.2 billion to shareholders: $6.2 billion in dividends and $0 in share buybacks, 128% of free cash flow. The share count fell 9.4% from 1.81B to 1.64B over 9 years.
See the RIO income statement, the RIO chart for price history, or the RIO stock overview for the latest quote and news.
RIO key metrics FAQ
What is Rio Tinto's P/E ratio?
Rio Tinto's trailing P/E ratio is 12.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.1. At the end of fiscal 2025 it was 13.1, compared with a 10-year median of 11.5.
What is Rio Tinto's EV/EBITDA?
Rio Tinto's enterprise value was 7.1 times EBITDA at the end of fiscal 2025 (enterprise value $145.2 billion, EBITDA $20.3 billion); the current EV/EBITDA is 6.5.
What is Rio Tinto's return on equity?
Rio Tinto's return on equity (ROE) was 17.0% in fiscal 2025: net income of $10.0 billion on average shareholders' equity of $58.7 billion.
What is Rio Tinto's ROIC?
Rio Tinto's return on invested capital was 15.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Rio Tinto have?
Rio Tinto had total debt of $23.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.38 and $14.1 billion of net debt (0.69 times EBITDA).
What is Rio Tinto's dividend yield?
Rio Tinto's forward dividend yield is 3.97%. Rio Tinto paid $6.2 billion in dividends in fiscal 2025 ($3.76 per share), a payout ratio of 61.7%.
What is Rio Tinto's free cash flow yield?
Rio Tinto generated $4.8 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.7% on its market value at year-end ($131.1 billion).
What is Rio Tinto's current ratio?
Rio Tinto's current ratio was 1.44 at the end of fiscal 2025: current assets were 1.44 times current liabilities.