Company profile
SEC EDGAR ↗- Industry
- Metal Mining
- Listed
- NYSE: RIO
- Incorporated
- United Kingdom
- Headquarters
- London, Sw1y 4ad, X0
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $57.6B
- Net income
- $10.2B
- Total assets
- $128.1B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $57.6B | $10.2B | $128.1B |
| FY2024 | $53.7B | $11.6B | $102.8B |
| FY2023 | $54.0B | $9.95B | $103.5B |
| FY2022 | $55.6B | $13.0B | $96.8B |
| FY2021 | $63.5B | $22.6B | $102.9B |
| FY2020 | $44.6B | $10.4B | $97.4B |
Reported fiscal years from SEC filings (20-F) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
Decisions on record
3 verified Decision Records on Rio Tinto, and the casebook each one belongs to.
| Fork date | Decision type | What Rio Tinto chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 2007 | The Pricing Lens | Acquire Alcan at cycle top | CEO Tom Albanese stepped down the same day (2013-01) | Read the story → | The Pricing Lens Casebook → |
| 2020 | Crisis Response | Cut bonuses, keep team | Both remuneration reports were rejected by more than 60% of the vote at the 2021 AGM (2021) | Read the story → | Crisis Response Casebook → |
| 2024 | Cannibalization Choice | Buy lithium at the trough | the price recovery the thesis depends on had not materialized as of the deal (2025) | Read the story → | Cannibalization Choice Casebook → |
Run one of these yourself
The decisions Rio Tinto faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
Decision ForksThe CannibalizationShould you launch the thing that takes revenue from your best business?See the pack →Crisis & ReinventionThe Crisis ResponseWhat is one more quarter of not acting worth?See the pack →Business ModelThe Pricing Model ChangeWhat does changing how you charge cost before it starts paying?See the pack →
The analyses
The Cannibalization Choice · Growth & Portfolio
Rio Tinto Bought Lithium at an 80%-Off Trough While Iron Ore Still Pays the Bills
The story is that Rio Tinto is abandoning iron ore for copper and lithium. The numbers say otherwise: iron ore still threw off about $9.1 billion in 2024, dwarfing everything new. The real move was buying lithium at an 80%-off trough — and hoping the world catches up.
8 min
The Crisis Response · Crisis & Reinvention
Rio Tinto Blew Up 46,000-Year-Old Shelters — The Ousted CEO Kept About £27m and Career-High Pay
Rio Tinto blew up 46,000-year-old rock shelters, then ran a textbook crisis response that fooled almost everyone. The CEO who oversaw it left 'by mutual agreement,' kept ~£27m in shares, and collected the highest pay of his career in the year he was ousted.
8 min
The Price Taker · Business Model
Why Rio Tinto's Earnings Are Hostage to a Price Set in Qingdao
Rio Tinto made $11.6 billion in 2024 and lost money in 2015. The difference wasn't management - it was the iron ore spot price. Strip away the operational story and you find a company whose earnings are hostage to a number set in Qingdao.
8 min