Fortescue Metals Group Ltd
ASX:FMG
Fortescue Metals Group Ltd
Tax Provision
Fortescue Metals Group Ltd
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Fortescue Metals Group Ltd
ASX:FMG
|
Tax Provision
-$1.9B
|
CAGR 3-Years
21%
|
CAGR 5-Years
2%
|
CAGR 10-Years
N/A
|
|
|
BlueScope Steel Ltd
ASX:BSL
|
Tax Provision
-AU$236.5m
|
CAGR 3-Years
32%
|
CAGR 5-Years
-5%
|
CAGR 10-Years
-10%
|
|
|
BCI Minerals Ltd
ASX:BCI
|
Tax Provision
AU$0
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Deterra Royalties Ltd
ASX:DRR
|
Tax Provision
-AU$66.7m
|
CAGR 3-Years
-12%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
C
|
Champion Iron Ltd
ASX:CIA
|
Tax Provision
-CA$158.6m
|
CAGR 3-Years
19%
|
CAGR 5-Years
-19%
|
CAGR 10-Years
N/A
|
|
|
Vulcan Steel Ltd
ASX:VSL
|
Tax Provision
-NZ$18.9m
|
CAGR 3-Years
9%
|
CAGR 5-Years
-5%
|
CAGR 10-Years
N/A
|
|
Fortescue Metals Group Ltd
Glance View
Fortescue Metals Group Ltd. has carved a prominent niche in the global mining industry, primarily through its robust operations in the Pilbara region of Western Australia. Founded in 2003 by Andrew Forrest, Fortescue's journey reflects an entrepreneurial spirit and a strategic grasp of market dynamics. The company has relentlessly expanded its operations to become one of the world's largest producers of iron ore. Fortescue's business model is deeply rooted in exploration, development, and the operation of large-scale iron ore projects. Through its extensive rail and port infrastructure, Fortescue efficiently transports high-quality ore from its mines to port, forging strong ties with steel producers worldwide, particularly in China, where demand for iron ore is immense due to the country's substantial infrastructure development and urbanization projects. Fortescue’s profitability hinges on its operational efficiency and cost leadership, which have been reinforced by continuous technological advancements and sustainability initiatives. The company has adeptly navigated the volatile commodities market, leveraging economies of scale to maintain competitive pricing. Fortescue's ambitions extend beyond traditional mining; the firm is increasingly focusing on renewable energy and green hydrogen projects, as it aims to transition towards a more sustainable future. This strategic pivot not only seeks to diversify revenue streams but also aligns with global trends towards decarbonization. By balancing its core business with innovation and sustainability, Fortescue intends to secure a resilient position in the future of energy and resources.
See Also
What is Fortescue Metals Group Ltd's Tax Provision?
Tax Provision
-1.9B
USD
Based on the financial report for Dec 31, 2024, Fortescue Metals Group Ltd's Tax Provision amounts to -1.9B USD.
What is Fortescue Metals Group Ltd's Tax Provision growth rate?
Tax Provision CAGR 5Y
2%
Over the last year, the Tax Provision growth was 28%. The average annual Tax Provision growth rates for Fortescue Metals Group Ltd have been 21% over the past three years , 2% over the past five years .
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