vs
力拓（RIO）与淡水河谷（VALE）财务数据对比。点击上方公司名可切换其他公司
力拓的季度营收约是淡水河谷的3.5倍（$30.8B vs $8.8B）。淡水河谷净利率更高（24.3% vs 18.6%，领先5.7%）。力拓同比增速更快（14.6% vs -11.3%）
力拓是英澳跨国矿业集团，1873年由英国投资者从西班牙政府手中收购西班牙韦尔瓦力拓河矿区后成立，总部位于英国伦敦和澳大利亚墨尔本。集团历经多次并购扩张，目前是铜、铁矿石、铝、锂等大宗商品的主要供应商之一。
淡水河谷是巴西跨国金属矿业集团，也是巴西大型物流运营商之一，为全球最大的铁矿石和镍生产商。其产品线还覆盖锰、铁合金、铜、铝土矿、钾肥、高岭土、钴等，同时运营水电站及铁路、船舶、港口组成的庞大物流网络保障产品运输。
RIO vs VALE — 直观对比
营收规模更大
RIO
是对方的3.5倍
$8.8B
营收增速更快
RIO
高出25.8%
-11.3%
净利率更高
VALE
高出5.7%
18.6%
损益表 — Q4 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $30.8B | $8.8B |
| 净利润 | $5.7B | $2.1B |
| 毛利率 | — | 30.9% |
| 营业利润率 | 25.9% | 22.8% |
| 净利率 | 18.6% | 24.3% |
| 营收同比 | 14.6% | -11.3% |
| 净利润同比 | 0.5% | -22.9% |
| 每股收益（稀释后） | $3.32 | $0.50 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收RIOVALE
| Q4 25 | $30.8B | — | ||
| Q2 25 | — | $8.8B | ||
| Q4 24 | $26.9B | — | ||
| Q2 24 | — | $9.9B | ||
| Q4 23 | $27.4B | — | ||
| Q2 23 | — | $9.7B | ||
| Q4 22 | $25.8B | — | ||
| Q2 22 | — | $11.2B |
净利润RIOVALE
| Q4 25 | $5.7B | — | ||
| Q2 25 | — | $2.1B | ||
| Q4 24 | $5.7B | — | ||
| Q2 24 | — | $2.8B | ||
| Q4 23 | $5.0B | — | ||
| Q2 23 | — | $928.0M | ||
| Q4 22 | $3.6B | — | ||
| Q2 22 | — | $6.2B |
毛利率RIOVALE
| Q4 25 | — | — | ||
| Q2 25 | — | 30.9% | ||
| Q4 24 | — | — | ||
| Q2 24 | — | 36.0% | ||
| Q4 23 | — | — | ||
| Q2 23 | — | 38.6% | ||
| Q4 22 | — | — | ||
| Q2 22 | — | 46.7% |
营业利润率RIOVALE
| Q4 25 | 25.9% | — | ||
| Q2 25 | — | 22.8% | ||
| Q4 24 | 27.5% | — | ||
| Q2 24 | — | 39.1% | ||
| Q4 23 | 27.7% | — | ||
| Q2 23 | — | 29.7% | ||
| Q4 22 | 30.0% | — | ||
| Q2 22 | — | 38.5% |
净利率RIOVALE
| Q4 25 | 18.6% | — | ||
| Q2 25 | — | 24.3% | ||
| Q4 24 | 21.2% | — | ||
| Q2 24 | — | 27.9% | ||
| Q4 23 | 18.3% | — | ||
| Q2 23 | — | 9.6% | ||
| Q4 22 | 14.0% | — | ||
| Q2 22 | — | 55.6% |
每股收益（稀释后）RIOVALE
| Q4 25 | $3.32 | — | ||
| Q2 25 | — | $0.50 | ||
| Q4 24 | $3.51 | — | ||
| Q2 24 | — | $0.65 | ||
| Q4 23 | $3.03 | — | ||
| Q2 23 | — | $0.20 | ||
| Q4 22 | $2.11 | — | ||
| Q2 22 | — | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $9.4B | $5.5B |
| 总债务越低越好 | $21.9B | — |
| 股东权益账面价值 | $67.0B | $40.5B |
| 总资产 | $128.1B | $90.4B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资RIOVALE
| Q4 25 | $9.4B | — | ||
| Q2 25 | — | $5.5B | ||
| Q4 24 | $8.8B | — | ||
| Q2 24 | — | $6.5B | ||
| Q4 23 | $10.7B | — | ||
| Q2 23 | — | $5.0B | ||
| Q4 22 | $8.8B | — | ||
| Q2 22 | — | $7.2B |
总债务RIOVALE
| Q4 25 | $21.9B | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $12.4B | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $13.0B | — | ||
| Q2 23 | — | — | ||
| Q4 22 | $11.1B | — | ||
| Q2 22 | — | — |
股东权益RIOVALE
| Q4 25 | $67.0B | — | ||
| Q2 25 | — | $40.5B | ||
| Q4 24 | $58.0B | — | ||
| Q2 24 | — | $38.4B | ||
| Q4 23 | $56.3B | — | ||
| Q2 23 | — | $40.3B | ||
| Q4 22 | $52.7B | — | ||
| Q2 22 | — | $37.0B |
总资产RIOVALE
| Q4 25 | $128.1B | — | ||
| Q2 25 | — | $90.4B | ||
| Q4 24 | $102.8B | — | ||
| Q2 24 | — | $86.6B | ||
| Q4 23 | $103.5B | — | ||
| Q2 23 | — | $91.5B | ||
| Q4 22 | $96.8B | — | ||
| Q2 22 | — | — |
负债/权益比RIOVALE
| Q4 25 | 0.33× | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 0.23× | — | ||
| Q2 23 | — | — | ||
| Q4 22 | 0.21× | — | ||
| Q2 22 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.9B | — |
| 自由现金流经营现金流 - 资本支出 | $2.3B | — |
| 自由现金流率自由现金流/营收 | 7.5% | — |
| 资本支出强度资本支出/营收 | 24.7% | — |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $11.4B | — |
8季度趋势，按日历期对齐
经营现金流RIOVALE
| Q4 25 | $9.9B | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $8.5B | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $8.2B | — | ||
| Q2 23 | — | — | ||
| Q4 22 | $5.7B | — | ||
| Q2 22 | — | — |
自由现金流RIOVALE
| Q4 25 | $2.3B | — | ||
| Q2 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q2 24 | — | — | ||
| Q4 23 | $4.1B | — | ||
| Q2 23 | — | — | ||
| Q4 22 | $2.1B | — | ||
| Q2 22 | — | — |
自由现金流率RIOVALE
| Q4 25 | 7.5% | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 10.9% | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 15.0% | — | ||
| Q2 23 | — | — | ||
| Q4 22 | 8.0% | — | ||
| Q2 22 | — | — |
资本支出强度RIOVALE
| Q4 25 | 24.7% | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 20.9% | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 14.9% | — | ||
| Q2 23 | — | — | ||
| Q4 22 | 14.0% | — | ||
| Q2 22 | — | — |
现金转化率RIOVALE
| Q4 25 | 1.73× | — | ||
| Q2 25 | — | — | ||
| Q4 24 | 1.50× | — | ||
| Q2 24 | — | — | ||
| Q4 23 | 1.64× | — | ||
| Q2 23 | — | — | ||
| Q4 22 | 1.57× | — | ||
| Q2 22 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
