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Side-by-side financial comparison of RIO TINTO PLC (RIO) and Valero Energy (VLO). Click either name above to swap in a different company.
Valero Energy is the larger business by last-quarter revenue ($32.4B vs $30.8B, roughly 1.1× RIO TINTO PLC). RIO TINTO PLC runs the higher net margin — 18.6% vs 4.1%, a 14.5% gap on every dollar of revenue. On growth, RIO TINTO PLC posted the faster year-over-year revenue change (14.6% vs 7.0%).
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.
Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the United Kingdom, the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.
RIO vs VLO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.8B | $32.4B |
| Net Profit | $5.7B | $1.3B |
| Gross Margin | — | 6.3% |
| Operating Margin | 25.9% | — |
| Net Margin | 18.6% | 4.1% |
| Revenue YoY | 14.6% | 7.0% |
| Net Profit YoY | 0.5% | 312.3% |
| EPS (diluted) | $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.
| Q1 26 | — | $32.4B | ||
| Q4 25 | $30.8B | $30.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $29.9B | ||
| Q1 25 | — | $30.3B | ||
| Q4 24 | $26.9B | $30.8B | ||
| Q3 24 | — | $32.9B | ||
| Q2 24 | — | $34.5B |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $5.7B | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $714.0M | ||
| Q1 25 | — | $-595.0M | ||
| Q4 24 | $5.7B | $281.0M | ||
| Q3 24 | — | $364.0M | ||
| Q2 24 | — | $880.0M |
| Q1 26 | — | 6.3% | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | 25.9% | 5.2% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | 27.5% | 1.1% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | — | 4.1% | ||
| Q4 25 | 18.6% | 3.7% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 21.2% | 0.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $3.32 | $3.66 | ||
| Q3 25 | — | $3.53 | ||
| Q2 25 | — | $2.28 | ||
| Q1 25 | — | $-1.90 | ||
| Q4 24 | $3.51 | $0.98 | ||
| Q3 24 | — | $1.14 | ||
| Q2 24 | — | $2.71 |
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 | $21.9B | — |
| Stockholders' EquityBook value | $67.0B | $26.9M |
| Total Assets | $128.1B | — |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.4B | $4.7B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $8.8B | $4.7B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.2B |
| Q1 26 | — | — | ||
| Q4 25 | $21.9B | $9.7B | ||
| Q3 25 | — | $9.7B | ||
| Q2 25 | — | $10.3B | ||
| Q1 25 | — | $10.3B | ||
| Q4 24 | $12.4B | $9.7B | ||
| Q3 24 | — | $9.8B | ||
| Q2 24 | — | $9.7B |
| Q1 26 | — | $26.9M | ||
| Q4 25 | $67.0B | $23.7B | ||
| Q3 25 | — | $23.8B | ||
| Q2 25 | — | $24.1B | ||
| Q1 25 | — | $23.5B | ||
| Q4 24 | $58.0B | $24.5B | ||
| Q3 24 | — | $25.3B | ||
| Q2 24 | — | $25.4B |
| Q1 26 | — | — | ||
| Q4 25 | $128.1B | $58.0B | ||
| Q3 25 | — | $58.6B | ||
| Q2 25 | — | $59.4B | ||
| Q1 25 | — | $59.2B | ||
| Q4 24 | $102.8B | $60.1B | ||
| Q3 24 | — | $60.4B | ||
| Q2 24 | — | $63.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 0.41× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | 0.21× | 0.40× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.38× |
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 | $9.9B | $1.4B |
| Free Cash FlowOCF − Capex | $2.3B | — |
| FCF MarginFCF / Revenue | 7.5% | — |
| Capex IntensityCapex / Revenue | 24.7% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.73× | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $11.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $9.9B | $2.1B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $936.0M | ||
| Q1 25 | — | $952.0M | ||
| Q4 24 | $8.5B | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $529.0M | ||
| Q1 25 | — | $293.0M | ||
| Q4 24 | $2.9B | $523.0M | ||
| Q3 24 | — | $866.0M | ||
| Q2 24 | — | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 10.9% | 1.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 5.9% |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 24.7% | — | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 20.9% | 1.8% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | 1.05× | ||
| Q4 25 | 1.73× | 1.81× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.50× | 3.81× | ||
| Q3 24 | — | 3.56× | ||
| Q2 24 | — | 2.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
