BHP vs RIO
BHP Group Ltd. and RIO Tinto PLC, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BHP | RIO |
|---|---|---|
| Revenue | $51.3B | $57.6B |
| Net income | $9.0B | $10.0B |
| Gross margin | · | · |
| Net margin | 21.7% | 17.8% |
| Return on equity | 19.5% | 17.0% |
| Diluted EPS | $1.77 | $6.08 |
| Dividend / share | $1.24 | · |
| Payout ratio | 69.7% | 61.7% |
| Free cash flow | $9.3B | · |
| Equity | $47.7B | $62.2B |
| Net debt / equity | 0.20× | 0.21× |
| Current ratio | 1.46× | 1.44× |
| Revenue CAGR 5y | 5.7% | 5.3% |
| Profit CAGR 5y | 2.5% | 0.4% |
BHP and RIO book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (21.7% against 17.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BHP | RIO |
|---|---|---|
| FY2024 | $51.3B | $53.7B |
| FY2023 | $55.7B | $54.0B |
| FY2022 | $53.8B | $55.6B |
| FY2021 | $65.1B | $63.5B |
| FY2020 | $56.9B | $44.6B |
| FY2019 | $38.9B | $43.2B |
| FY2018 | $44.3B | $40.5B |
| FY2017 | $43.1B | $40.0B |
| FY2016 | $35.7B | $33.8B |
| FY2015 | $28.6B | $34.8B |
Bottom line
| Fiscal year | BHP | RIO |
|---|---|---|
| FY2024 | $9.0B | $11.6B |
| FY2023 | $7.9B | $10.1B |
| FY2022 | $12.9B | $12.4B |
| FY2021 | $30.9B | $21.1B |
| FY2020 | $11.3B | $9.8B |
| FY2019 | $8.0B | $8.0B |
| FY2018 | $8.3B | $13.6B |
| FY2017 | $3.7B | $8.8B |
| FY2016 | $5.9B | $4.6B |
| FY2015 | $-6.4B | $-866.0M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −$2,396,000,000 | RIO |
| FY2023 | +$1,617,000,000 | BHP |
| FY2022 | −$1,737,000,000 | RIO |
| FY2021 | +$1,603,000,000 | BHP |
| FY2020 | +$12,310,000,000 | BHP |
| FY2019 | −$4,241,000,000 | RIO |
| FY2018 | +$3,766,000,000 | BHP |
| FY2017 | +$3,099,000,000 | BHP |
| FY2016 | +$1,959,000,000 | BHP |
| FY2015 | −$6,262,000,000 | RIO |
The higher-revenue side has changed between BHP and RIO over this period. The gap has narrowed since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +0.2 pp | BHP |
| FY2023 | −1.2 pp | RIO |
| FY2022 | +3.1 pp | BHP |
| FY2021 | +15.2 pp | BHP |
| FY2020 | +0.3 pp | BHP |
| FY2019 | +6.3 pp | BHP |
| FY2018 | −13.6 pp | RIO |
| FY2017 | −10.9 pp | RIO |
| FY2016 | +3.3 pp | BHP |
| FY2015 | −16.8 pp | RIO |
The higher net margin has changed hands between BHP and RIO over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BHP's net margin has been more volatile than RIO's over the 10 comparable fiscal years — 16.8 percentage points of standard deviation against 10.7.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BHP and RIO over these 10 fiscal years — BHP led in 6 and RIO in 4.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BHP's return on equity has been more volatile than RIO's over the 10 comparable fiscal years — 18.1 percentage points of standard deviation against 11.0.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BHP and RIO over these 10 fiscal years — BHP led in 3 and RIO in 7.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.