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Rio Tinto vs Cleveland-Cliffs: RIO and CLF compared
Rio Tinto is the larger company: $31.0B of revenue in its latest quarter (H1 2026) against $5.6B for Cleveland-Cliffs (Q3 2026). Cleveland-Cliffs is growing faster (+18% against +16% a year earlier). Rio Tinto is more profitable, with an operating margin of 29.5% against 5.5%.
Where the money goes: RIO and CLF
Rio Tinto (RIO) · H1 2026
Rio Tinto, H1 2026: revenue $31.0B (+16% year over year), operating margin 29.5%, net earnings $6.7B, operating cash flow $9.2B. The chart follows the revenue to costs, profit and cash.
Cleveland-Cliffs (CLF) · Q3 2026
Cleveland-Cliffs, Q3 2026: revenue $5.6B (+18% year over year), operating margin 5.5%, net earnings $152M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Rio Tinto (RIO) | Cleveland-Cliffs (CLF) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $31.0B | $5.6B |
| Revenue growth, Y/Y | +16% | +18% |
| Operating margin | 29.5% | 5.5% |
| Net earnings | $6.7B | $152M |
| Net margin | 21.5% | 2.7% |
| Operating cash flow | $9.2B | $224M |
| Free cash flow | $3.2B | $72.0M |
| Market value | — | $6.5B |
| Analysts’ mean target | — | $14.35 |
Questions
Which is bigger, Rio Tinto or Cleveland-Cliffs?
Rio Tinto is the larger company: $31.0B of revenue in its latest quarter (H1 2026) against $5.6B for Cleveland-Cliffs (Q3 2026).
Is Rio Tinto or Cleveland-Cliffs growing faster?
Cleveland-Cliffs is growing faster (+18% against +16% a year earlier).
Which is more profitable, Rio Tinto or Cleveland-Cliffs?
Rio Tinto is more profitable, with an operating margin of 29.5% against 5.5%.
More: Rio Tinto earnings · how Rio Tinto makes money · Cleveland-Cliffs earnings · how Cleveland-Cliffs makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Jul 29, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.