BHP Group Limited (BHP) 10-Year Financial Performance & Capital Metrics

BHP • • Industrial / General

Basic MaterialsIndustrial MaterialsDiversified MiningGlobal Diversified Miners

AboutBHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal. The company is also involved in the mining, smelting, and refining of nickel, as well as potash development activities. In addition, it provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.Show more

Revenue $51.26B -7.9%
EBITDA $24.29B +9.8%
Net Income $9.02B +14.2%
EPS (Diluted) 3.56 +14.1%
Gross Margin 82.21%
EBITDA Margin 47.38% +19.2%
Operating Margin 37.97% +20.5%
Net Margin 17.59% +24.0%
ROE 17.8% +10.1%
ROIC 23.98% +5.2%
Debt/Equity 0.47 +14.2%
Interest Coverage 21.26 +37.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.2%
✓FCF machine: 18.1% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.8%
✓Healthy 5Y average net margin of 24.6%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.28%

5Y5.54%

3Y-7.66%

TTM-10.32%

Profit (Net Income) CAGR

10Y16.79%

5Y2.54%

3Y-33.67%

TTM-61.4%

EPS CAGR

10Y10.77%

5Y2.81%

3Y-23.59%

TTM-49%

ROCE

10Y Avg20.1%

5Y Avg27.68%

3Y Avg23.55%

Latest21.48%

Peer Comparison

Global Diversified Miners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TECKTeck Resources Limited	25.12B	52.27	67.01	39.98%	11.98%	4.87%	0.62%	0.37
BHPBHP Group Limited	167.66B	66.03	18.55	-7.9%	15.82%	32.4%	5.53%	0.47
RIORio Tinto Group	140.31B	86.35	12.21	-0.71%	19.42%	33.83%	4.26%	0.24
VALEVale S.A.	62.62B	14.67	10.71	-8.92%	14.72%	12.89%	4.61%	0.51

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	29B	35.95B	43.13B	44.57B	39.15B	57.26B	65.1B	53.82B	55.66B	51.26B
Revenue Growth %	-0.36%	0.24%	0.2%	0.03%	-0.12%	0.46%	0.14%	-0.17%	0.03%	-0.08%
Cost of Goods Sold+	6.75B	6.24B	6.54B	7.68B	7.38B	7.75B	9.34B	10.95B	9.93B	9.12B
COGS % of Revenue	0.23%	0.17%	0.15%	0.17%	0.19%	0.14%	0.14%	0.2%	0.18%	0.18%
Gross Profit+	22.25B	29.71B	36.59B	36.89B	31.77B	49.51B	55.76B	42.87B	45.73B	42.14B
Gross Margin %	0.77%	0.83%	0.85%	0.83%	0.81%	0.86%	0.86%	0.8%	0.82%	0.82%
Gross Profit Growth %	-0.4%	0.34%	0.23%	0.01%	-0.14%	0.56%	0.13%	-0.23%	0.07%	-0.08%
Operating Expenses+	19.45B	17.16B	20.59B	20.77B	18.09B	23.99B	21.65B	19.94B	28.19B	22.68B
OpEx % of Revenue	0.67%	0.48%	0.48%	0.47%	0.46%	0.42%	0.33%	0.37%	0.51%	0.44%
Selling, General & Admin	10.27B	10.41B	12.01B	11.53B	9.41B	10.94B	11.55B	12.21B	13.43B	13.46B
SG&A % of Revenue	0.35%	0.29%	0.28%	0.26%	0.24%	0.19%	0.18%	0.23%	0.24%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	9.17B	6.74B	8.59B	9.24B	8.67B	13.05B	10.1B	7.73B	14.76B	9.22B
Operating Income+	2.8B	12.55B	16B	16.11B	13.68B	25.52B	34.11B	22.93B	17.54B	19.46B
Operating Margin %	0.1%	0.35%	0.37%	0.36%	0.35%	0.45%	0.52%	0.43%	0.32%	0.38%
Operating Income Growth %	-0.68%	3.48%	0.27%	0.01%	-0.15%	0.86%	0.34%	-0.33%	-0.24%	0.11%
EBITDA+	9.01B	18.53B	22.36B	21.96B	18.35B	29.85B	38.83B	27.46B	22.11B	24.29B
EBITDA Margin %	0.31%	0.52%	0.52%	0.49%	0.47%	0.52%	0.6%	0.51%	0.4%	0.47%
EBITDA Growth %	-0.49%	1.06%	0.21%	-0.02%	-0.16%	0.63%	0.3%	-0.29%	-0.19%	0.1%
D&A (Non-Cash Add-back)	6.21B	5.97B	6.36B	5.85B	4.67B	4.33B	4.72B	4.53B	4.58B	4.82B
EBIT	4.78B	12.43B	15.57B	16.36B	13.38B	28.96B	32.56B	21.05B	22.26B	18.62B
Net Interest Income+	-715.15M	-908.12M	-785.37M	-668.05M	-543.63M	-452.67M	-430.51M	-339.49M	-425.55M	-256.56M
Interest Income	137.03M	143.02M	321.74M	446.04M	350.76M	67.25M	80.72M	526.66M	711.6M	658.88M
Interest Expense	852.18M	1.05B	1.11B	1.11B	894.39M	519.92M	511.23M	866.15M	1.14B	915.44M
Other Income/Expense	-1.01B	-1.42B	-1.25B	-1.06B	-858M	-1.22B	-969M	-1.53B	-1.49B	-1.11B
Pretax Income+	1.79B	11.14B	14.75B	15.05B	12.82B	24.29B	33.14B	21.4B	16.05B	18.35B
Pretax Margin %	0.06%	0.31%	0.34%	0.34%	0.33%	0.42%	0.51%	0.4%	0.29%	0.36%
Income Tax+	2.1B	4.44B	7.01B	5.53B	4.2B	10.62B	10.74B	7.08B	6.45B	7.21B
Effective Tax Rate %	-3.57%	0.53%	0.25%	0.55%	0.62%	0.47%	0.93%	0.6%	0.49%	0.49%
Net Income+	-6.38B	5.89B	3.71B	8.31B	7.96B	11.3B	30.9B	12.92B	7.9B	9.02B
Net Margin %	-0.22%	0.16%	0.09%	0.19%	0.2%	0.2%	0.47%	0.24%	0.14%	0.18%
Net Income Growth %	-4.34%	1.92%	-0.37%	1.24%	-0.04%	0.42%	1.73%	-0.58%	-0.39%	0.14%
Net Income (Continuing)	-312M	6.69B	7.74B	9.52B	8.63B	13.68B	22.4B	14.32B	9.6B	11.14B
Discontinued Operations	-5.89B	-472M	-2.92B	-335M	108M	-225M	10.65B	0	0	0
Minority Interest	5.78B	5.47B	5.08B	4.58B	4.31B	4.34B	3.81B	4.03B	4.31B	4.55B
EPS (Diluted)+	-0.18	2.38	2.48	3.32	3.10	4.56	7.98	5.10	3.12	3.56
EPS Growth %	-1.14%	14.22%	0.04%	0.34%	-0.07%	0.47%	0.75%	-0.36%	-0.39%	0.14%
EPS (Basic)	-0.18	2.40	2.48	3.34	3.10	4.56	8.00	5.10	3.12	3.56
Diluted Shares Outstanding	2.66B	2.67B	2.67B	2.6B	2.53B	2.53B	2.54B	2.54B	2.54B	2.54B
Basic Shares Outstanding	2.65B	2.67B	2.67B	2.5B	2.57B	2.48B	2.54B	2.54B	2.54B	2.54B
Dividend Payout Ratio	-	0.5%	1.41%	1.37%	0.86%	0.7%	0.58%	1.03%	0.97%	0.71%

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	17.71B	21.06B	35.13B	23.37B	21.47B	26.69B	28.66B	23.35B	24.34B	22.83B
Cash & Short-Term Investments	10.44B	14.22B	16.07B	15.63B	13.46B	15.25B	17.54B	12.46B	12.65B	12.17B
Cash Only	10.32B	14.15B	15.87B	15.61B	13.43B	15.25B	17.24B	12.43B	12.39B	11.89B
Short-Term Investments	121M	72M	200M	15M	36M	3M	303M	29M	258M	273M
Accounts Receivable	3.72B	3.03B	3.1B	3.46B	3.36B	6.06B	5.43B	4.59B	5.48B	4.66B
Days Sales Outstanding	46.84	30.78	26.2	28.35	31.36	38.63	30.42	31.16	35.96	33.19
Inventory	3.41B	3.67B	3.76B	3.84B	4.1B	4.43B	4.93B	5.22B	5.83B	5.54B
Days Inventory Outstanding	184.31	214.92	210.12	182.38	202.69	208.56	192.86	174.02	214.22	221.69
Other Current Assets	750M	363M	12.37B	428M	541M	939M	764M	1.05B	380M	464M
Total Non-Current Assets+	101.24B	95.95B	76.86B	77.49B	84.26B	82.23B	66.5B	77.94B	78.02B	85.96B
Property, Plant & Equipment	83.97B	80.5B	67.18B	66.42B	70.24B	72.13B	61.1B	71.58B	71.63B	76.25B
Fixed Asset Turnover	0.35x	0.45x	0.64x	0.67x	0.56x	0.79x	1.07x	0.75x	0.78x	0.67x
Goodwill	3.27B	3.27B	247M	247M	1.2B	1.2B	1.2B	1.39B	1.34B	1.34B
Intangible Assets	846M	699M	531M	675M	1.57B	1.44B	1.37B	1.61B	377M	583M
Long-Term Investments	5.25B	3.73B	3.47B	4.18B	5.37B	3.69B	2.38B	2.88B	2.67B	5.37B
Other Non-Current Assets	1.74B	1.97B	1.39B	2.2B	2.19B	1.87B	401M	428M	1.94B	2.35B
Total Assets+	118.95B	117.01B	111.99B	100.86B	105.73B	108.93B	95.17B	101.3B	102.36B	108.79B
Asset Turnover	0.24x	0.31x	0.39x	0.44x	0.37x	0.53x	0.68x	0.53x	0.54x	0.47x
Asset Growth %	-0.05%	-0.02%	-0.04%	-0.1%	0.05%	0.03%	-0.13%	0.06%	0.01%	0.06%
Total Current Liabilities+	12.34B	11.37B	13.99B	12.34B	14.82B	16.4B	16.92B	19.04B	14.3B	15.64B
Accounts Payable	5.39B	5.55B	5.98B	6.72B	5.77B	5.08B	5.36B	6.3B	6.72B	6.64B
Days Payables Outstanding	291.19	324.8	333.66	319.02	285.03	239.33	209.46	209.89	246.97	265.68
Short-Term Debt	4.61B	1.41B	2.78B	1.66B	4.32B	1.74B	1.71B	6.8B	858M	1.38B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	2.3B	4.32B	5.16B	3.9B	3.88B	8.7B	9.33B	5.43B	5.15B	6.04B
Current Ratio	1.44x	1.85x	2.51x	1.89x	1.45x	1.63x	1.69x	1.23x	1.70x	1.46x
Quick Ratio	1.16x	1.53x	2.24x	1.58x	1.17x	1.36x	1.40x	0.95x	1.29x	1.11x
Cash Conversion Cycle	-60.04	-79.11	-97.34	-108.29	-50.98	7.86	13.81	-4.71	3.21	-10.81
Total Non-Current Liabilities+	46.54B	42.91B	37.33B	36.7B	38.73B	36.92B	29.48B	33.72B	38.95B	40.93B
Long-Term Debt	33.23B	29.51B	24.44B	23.41B	20.86B	15.93B	11.75B	14.28B	16.2B	20.17B
Capital Lease Obligations	306M	815M	725M	650M	2.59B	3.01B	2.06B	2.5B	2.43B	2.31B
Deferred Tax Liabilities	4.32B	3.77B	3.47B	3.23B	3.78B	3.31B	3.06B	4.3B	3.33B	3.51B
Other Non-Current Liabilities	13.01B	12.59B	12.17B	12.64B	15.28B	17.98B	12.56B	16.94B	16.93B	14.9B
Total Liabilities	58.88B	54.28B	51.32B	49.04B	53.56B	53.32B	46.4B	52.77B	53.24B	56.57B
Total Debt+	36.42B	30.47B	26.8B	24.83B	27.05B	20.98B	16.43B	22.34B	20.18B	24.5B
Net Debt	26.1B	16.32B	10.93B	9.21B	13.62B	5.74B	-808M	9.92B	7.79B	12.6B
Debt / Equity	0.61x	0.49x	0.44x	0.48x	0.52x	0.38x	0.34x	0.46x	0.41x	0.47x
Debt / EBITDA	4.04x	1.64x	1.20x	1.13x	1.47x	0.70x	0.42x	0.81x	0.91x	1.01x
Net Debt / EBITDA	2.90x	0.88x	0.49x	0.42x	0.74x	0.19x	-0.02x	0.36x	0.35x	0.52x
Interest Coverage	3.29x	11.94x	14.45x	14.46x	15.30x	49.07x	66.71x	26.48x	15.42x	21.26x
Total Equity+	60.07B	62.73B	60.67B	51.82B	52.17B	55.6B	48.77B	48.53B	49.12B	52.22B
Equity Growth %	-0.15%	0.04%	-0.03%	-0.15%	0.01%	0.07%	-0.12%	-0%	0.01%	0.06%
Book Value per Share	22.57	23.51	22.74	19.96	20.59	21.94	19.23	19.13	19.35	20.55
Total Shareholders' Equity	54.29B	57.26B	55.59B	47.24B	47.87B	51.26B	44.96B	44.5B	44.81B	47.66B
Common Stock	2.24B	2.24B	2.24B	2.17B	2.17B	2.17B	4.64B	4.74B	4.9B	5.01B
Retained Earnings	49.54B	52.62B	51.06B	42.82B	43.4B	48.06B	41.78B	41.23B	39.96B	44.11B
Treasury Stock	-33M	-3M	-5M	-32M	-5M	-33M	-31M	-41M	-36M	-18M
Accumulated OCI	2.54B	2.4B	2.29B	1.77B	1.79B	549M	-1.43B	-1.43B	-15M	-1.44B
Minority Interest	5.78B	5.47B	5.08B	4.58B	4.31B	4.34B	3.81B	4.03B	4.31B	4.55B

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	10.63B	16.8B	18.46B	17.87B	15.71B	27.23B	32.17B	18.7B	20.66B	18.66B
Operating CF Margin %	0.37%	0.47%	0.43%	0.4%	0.4%	0.48%	0.49%	0.35%	0.37%	0.36%
Operating CF Growth %	-0.45%	0.58%	0.1%	-0.03%	-0.12%	0.73%	0.18%	-0.42%	0.11%	-0.1%
Net Income	-7.26B	10.32B	14.75B	8.65B	7.96B	11.53B	20.25B	12.92B	7.9B	9B
Depreciation & Amortization	8.66B	7.72B	6.29B	6.09B	6.07B	5.1B	5.62B	5.06B	5.29B	5.53B
Stock-Based Compensation	140.44M	105M	123.31M	138M	90M	88M	109M	97M	112M	0
Deferred Taxes	0	0	0	-11.83B	-13.4B	-11.93B	-12.18B	-10.48B	0	0
Other Non-Cash Items	11.13B	1.8B	1.24B	14.45B	14.99B	23.61B	19.47B	11.24B	8.68B	3.65B
Working Capital Changes	207M	-352M	-118M	368M	9M	-1.16B	-1.09B	-132M	-1.32B	474.19M
Change in Receivables	1.71B	315M	-662M	-211M	291M	-2.39B	-703M	867M	-290M	774.68M
Change in Inventory	527M	-679M	-182M	298M	-715M	-405M	-865M	-44M	-530M	63.89M
Change in Payables	-1.66B	337M	719M	406M	-755M	1.15B	727M	-1.09B	0	-115.8M
Cash from Investing+	-7.25B	-4.16B	-5.92B	2.61B	-7.62B	-7.84B	-6.96B	-13.06B	-8.76B	-13.33B
Capital Expenditures	-6.95B	-4.25B	-4.98B	-7.12B	-7.64B	-5.8B	-6.11B	-7.08B	-8.82B	-9.78B
CapEx % of Revenue	0.24%	0.12%	0.12%	0.16%	0.2%	0.1%	0.09%	0.13%	0.16%	0.19%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-935M	-473M	-926M	-216M	377M	-1.64B	-2.06B	-83M	-1.02B	-233.6M
Cash from Financing+	284M	-9.13B	-10.89B	-20.53B	-9.75B	-17.92B	-22.77B	-10.31B	-11.67B	-5.96B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.13B	-2.92B	-5.22B	-11.39B	-6.88B	-7.9B	-17.85B	-13.27B	-7.67B	-6.39B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-44M	-675M	-1.84B	-1.37B	-1.24B	-2.23B	-2.57B	-1.85B	-1.76B	-2.02B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.68B	12.55B	13.48B	10.75B	8.07B	21.43B	26.06B	11.62B	11.85B	9.28B
FCF Margin %	0.13%	0.35%	0.31%	0.24%	0.21%	0.37%	0.4%	0.22%	0.21%	0.18%
FCF Growth %	-0.49%	2.41%	0.07%	-0.2%	-0.25%	1.66%	0.22%	-0.55%	0.02%	-0.22%
FCF per Share	1.38	4.70	5.05	4.14	3.18	8.46	10.28	4.58	4.67	3.65
FCF Conversion (FCF/Net Income)	-1.66x	2.85x	4.98x	2.15x	1.97x	2.41x	1.04x	1.45x	2.62x	2.07x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-9.78%	9.59%	6.01%	14.77%	15.3%	20.98%	59.21%	26.56%	16.17%	17.8%
Return on Invested Capital (ROIC)	2.32%	11.4%	15.93%	18.22%	16.18%	30.1%	46.81%	32.33%	22.8%	23.98%
Gross Margin	76.71%	82.65%	84.84%	82.76%	81.14%	86.47%	85.65%	79.66%	82.16%	82.21%
Net Margin	-22.01%	16.39%	8.59%	18.63%	20.32%	19.74%	47.47%	24.01%	14.19%	17.59%
Debt / Equity	0.61x	0.49x	0.44x	0.48x	0.52x	0.38x	0.34x	0.46x	0.41x	0.47x
Interest Coverage	3.29x	11.94x	14.45x	14.46x	15.30x	49.07x	66.71x	26.48x	15.42x	21.26x
FCF Conversion	-1.66x	2.85x	4.98x	2.15x	1.97x	2.41x	1.04x	1.45x	2.62x	2.07x
Revenue Growth	-35.72%	23.93%	19.98%	3.35%	-12.16%	46.23%	13.7%	-17.33%	3.42%	-7.9%

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024	2025
CHINA	22.93B	-	-	-	36.62B	31.2B	34.75B	32.08B
CHINA Growth	-	-	-	-	-	-14.78%	11.37%	-7.68%
JAPAN	4.71B	-	-	-	8.4B	6.97B	4.56B	4.18B
JAPAN Growth	-	-	-	-	-	-17.02%	-34.63%	-8.34%
KOREA, REPUBLIC OF	2.64B	-	-	-	4.79B	3B	3.07B	2.66B
KOREA, REPUBLIC OF Growth	-	-	-	-	-	-37.38%	2.40%	-13.20%
INDIANA	-	-	-	-	5.21B	3.45B	3.37B	2.66B
INDIANA Growth	-	-	-	-	-	-33.90%	-2.20%	-21.06%
AUSTRALIA	2.3B	-	-	-	1.65B	1.7B	2.39B	2.54B
AUSTRALIA Growth	-	-	-	-	-	3.21%	40.60%	6.35%
North America	-	-	-	-	1.28B	1.38B	1.6B	2.25B
North America Growth	-	-	-	-	-	7.80%	15.85%	40.60%
Europe	-	-	-	-	2.13B	1.96B	1.7B	1.12B
Europe Growth	-	-	-	-	-	-7.89%	-13.21%	-34.14%
South America	1.11B	-	-	-	715M	569M	464M	429M
South America Growth	-	-	-	-	-	-20.42%	-18.45%	-7.54%
UNITED STATES	-	2.67B	1.1B	1.24B	-	-	-	-
UNITED STATES Growth	-	-	-58.84%	12.99%	-	-	-	-
North America 1	2.71B	-	-	-	-	-	-	-
North America 1 Growth	-	-	-	-	-	-	-	-
Asia	2.62B	-	-	-	-	-	-	-
Asia Growth	-	-	-	-	-	-	-	-
INDIA	2.48B	-	-	-	-	-	-	-
INDIA Growth	-	-	-	-	-	-	-	-
Europe 1	1.89B	-	-	-	-	-	-	-
Europe 1 Growth	-	-	-	-	-	-	-	-
Rest Of World	240M	-	-	-	-	-	-	-
Rest Of World Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

BHP Group Limited (BHP) has a price-to-earnings (P/E) ratio of 18.5x. This is roughly in line with market averages.

Growth & Financials

BHP Group Limited (BHP) reported $106.92B in revenue for fiscal year 2025. This represents a 48% increase from $72.23B in 2012.

BHP Group Limited (BHP) saw revenue decline by 7.9% over the past year.

Yes, BHP Group Limited (BHP) is profitable, generating $16.92B in net income for fiscal year 2025 (17.6% net margin).

Dividend & Returns

Yes, BHP Group Limited (BHP) pays a dividend with a yield of 3.81%. This makes it attractive for income-focused investors.

BHP Group Limited (BHP) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.

BHP Group Limited (BHP) generated $20.69B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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