Ranked: The World's Largest Miners by Earnings (incl. Revenue)

In a world driven by the need for raw materials—from the iron ore that builds our cities to the copper that wires the energy transition—the companies that unearth these resources operate on a truly staggering scale. But which of these giants are the most financially powerful?

Following up on our previous analysis, we are once again ranking the world's largest mining companies, this time by their financial performance over the last twelve months (TTM). Our latest infographic provides a clear snapshot of the industry's titans, ranked by their Earnings (EBIT) and benchmarked against their total Revenue.

The Diversified Giants Reign Supreme

At the top of the list, the diversified behemoths BHP and Rio Tinto continue to dominate. With revenues of $55.7B and $53.7B respectively, their immense scale is clear. More importantly, their earnings of $18.2B and $17.2B showcase their operational efficiency and the benefit of high-margin commodities like iron ore.

Close behind are other major players like China's state-owned China Shenhua and the Brazilian powerhouse VALE.

Mining vs. Tech

One of the most revealing insights from our analysis is the comparison to the tech industry. As the chart shows:

• The Top 16 Mining Companies generated a $678 Billion in revenue.

• The Top 3 Tech Companies generated more than double that, at a staggering $1.4 Trillion.

The even starker contrast is in profitability. The miners' $678B in revenue translated to $124.4B in earnings, while the three tech giants converted their $1.4T in revenue into $379B in earnings.

This comparison powerfully illustrates the fundamental difference between the two sectors. Mining is a game of immense capital intensity, high operating costs, and cyclical markets. While the revenues are enormous, the profit margins are tighter. Tech, on the other hand, often operates on a high-margin, scalable software model.

The Health of the Industry

Overall, these numbers paint a picture of a healthy and hugely profitable global mining sector. The world's top companies are generating massive revenues and converting a significant portion of that into earnings, allowing them to fund new projects, return capital to shareholders, and continue to supply the essential metals and minerals that underpin the global economy.

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Source: All data is sourced from Companiesmarketcap.com and is based on trailing twelve months (TTM) figures as of the date of publication. Earnings are calculated using EBIT (Earnings Before Interest and Taxes).

Disclaimer: The rankings and financial data (EBIT, Revenue) in this article are based on information available at the time of publication, reflecting performance over the last twelve months (TTM). While we aim for accuracy, market conditions and company performance are dynamic and subject to rapid change. This article is for informational purposes only.