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Side-by-side financial comparison of Chevron Corporation (CVX) and RIO TINTO PLC (RIO). Click either name above to swap in a different company.
Chevron Corporation is the larger business by last-quarter revenue ($45.8B vs $30.8B, roughly 1.5× RIO TINTO PLC). RIO TINTO PLC runs the higher net margin — 18.6% vs 6.0%, a 12.5% gap on every dollar of revenue. On growth, RIO TINTO PLC posted the faster year-over-year revenue change (14.6% vs -5.3%). Chevron Corporation produced more free cash flow last quarter ($5.5B vs $2.3B).
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries.
Rio Tinto Group is a British-Australian multinational mining company headquartered in London, England, and Melbourne, Australia. It was founded in 1873 when a group of British investors purchased a mine complex on the Río Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions and is today a major producer of commodities such as copper, iron ore, aluminium and lithium.
CVX vs RIO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.8B | $30.8B |
| Net Profit | $2.8B | $5.7B |
| Gross Margin | 44.6% | — |
| Operating Margin | 10.0% | 25.9% |
| Net Margin | 6.0% | 18.6% |
| Revenue YoY | -5.3% | 14.6% |
| Net Profit YoY | -14.5% | 0.5% |
| EPS (diluted) | $1.36 | $3.32 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $45.8B | $30.8B | ||
| Q3 25 | $48.2B | — | ||
| Q2 25 | $44.4B | — | ||
| Q1 25 | $46.1B | — | ||
| Q4 24 | $48.3B | $26.9B | ||
| Q3 24 | $48.9B | — | ||
| Q2 24 | $49.6B | — | ||
| Q1 24 | $46.6B | — |
| Q4 25 | $2.8B | $5.7B | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.2B | $5.7B | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | 44.6% | — | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 39.5% | — | ||
| Q1 25 | 37.9% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.7% | — | ||
| Q1 24 | 40.4% | — |
| Q4 25 | 10.0% | 25.9% | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 12.5% | 27.5% | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 17.0% | — |
| Q4 25 | 6.0% | 18.6% | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 6.7% | 21.2% | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | 11.8% | — |
| Q4 25 | $1.36 | $3.32 | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $1.45 | — | ||
| Q1 25 | $2.00 | — | ||
| Q4 24 | $1.84 | $3.51 | ||
| Q3 24 | $2.48 | — | ||
| Q2 24 | $2.43 | — | ||
| Q1 24 | $2.97 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $9.4B |
| Total DebtLower is stronger | $39.8B | $21.9B |
| Stockholders' EquityBook value | $186.4B | $67.0B |
| Total Assets | $324.0B | $128.1B |
| Debt / EquityLower = less leverage | 0.21× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $6.3B | — |
| Q4 25 | $39.8B | $21.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $20.1B | $12.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $186.4B | $67.0B | ||
| Q3 25 | $189.8B | — | ||
| Q2 25 | $146.4B | — | ||
| Q1 25 | $149.2B | — | ||
| Q4 24 | $152.3B | $58.0B | ||
| Q3 24 | $156.2B | — | ||
| Q2 24 | $159.2B | — | ||
| Q1 24 | $160.6B | — |
| Q4 25 | $324.0B | $128.1B | ||
| Q3 25 | $326.5B | — | ||
| Q2 25 | $250.8B | — | ||
| Q1 25 | $256.4B | — | ||
| Q4 24 | $256.9B | $102.8B | ||
| Q3 24 | $259.2B | — | ||
| Q2 24 | $260.6B | — | ||
| Q1 24 | $261.7B | — |
| Q4 25 | 0.21× | 0.33× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.13× | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.8B | $9.9B |
| Free Cash FlowOCF − Capex | $5.5B | $2.3B |
| FCF MarginFCF / Revenue | 12.1% | 7.5% |
| Capex IntensityCapex / Revenue | 11.5% | 24.7% |
| Cash ConversionOCF / Net Profit | 3.89× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $16.6B | $11.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.8B | $9.9B | ||
| Q3 25 | $9.4B | — | ||
| Q2 25 | $8.6B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $8.7B | $8.5B | ||
| Q3 24 | $9.7B | — | ||
| Q2 24 | $6.3B | — | ||
| Q1 24 | $6.8B | — |
| Q4 25 | $5.5B | $2.3B | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $4.4B | $2.9B | ||
| Q3 24 | $5.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | 12.1% | 7.5% | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 9.0% | 10.9% | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 5.9% | — |
| Q4 25 | 11.5% | 24.7% | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 9.0% | 20.9% | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 8.8% | — |
| Q4 25 | 3.89× | 1.73× | ||
| Q3 25 | 2.65× | — | ||
| Q2 25 | 3.44× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 2.68× | 1.50× | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
RIO
Segment breakdown not available.
