BHP Group Limited

BHP · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987
Valuation
Market cap	$211,636	$119,992	$144,767	$151,003	$142,201	$184,344	$125,874	$147,085	$126,583	$90,084	$72,290	$103,043	–	–	–	–	–	–	$199,004	–	–	–	–	$30,073	$27,492	$15,214	$16,587	$14,237	$11,197	$19,742	$19,065	$15,496	$12,812	$8,908	$9,506	$10,046	$7,433	$6,494	$7,067	$7,625
Enterprise value	$224,576	$136,874	$156,495	$164,925	$144,899	$194,419	$143,770	$160,869	$142,395	$111,801	$104,052	$133,154	–	–	–	–	–	–	$206,116	–	–	–	–	$35,949	$26,202	$18,424	$21,584	$21,651	$19,866	$30,409	$29,636	$22,606	$19,922	$15,774	$14,948	$15,294	$12,595	$12,484	$11,651	$11,075
P/E (TTM) at period end	21.52×	13.30×	18.33×	11.69×	4.60×	16.31×	15.82×	17.71×	34.17×	15.29×	–	53.95×	–	–	–	–	–	–	12.93×	–	–	–	–	19.02×	24.39×	14.86×	17.08×	–	–	63.07×	22.83×	17.75×	13.53×	10.86×	24.37×	9.28×	8.78×	7.82×	9.37×	13.05×
P/S (TTM) at period end	3.60×	2.34×	2.60×	2.81×	2.18×	3.24×	3.23×	3.32×	2.93×	2.52×	2.53×	2.28×	–	–	–	–	–	–	3.35×	–	–	–	–	1.93×	1.87×	1.33×	1.29×	1.13×	0.84×	1.24×	1.25×	1.17×	1.05×	0.81×	0.87×	0.85×	0.72×	0.82×	0.89×	1.22×
P/B at period end	4.16×	2.52×	3.23×	3.39×	3.16×	3.60×	2.63×	3.11×	2.28×	1.57×	1.20×	1.59×	–	–	–	–	–	–	5.19×	–	–	–	–	1.79×	2.23×	2.71×	2.68×	2.52×	1.54×	2.06×	1.97×	1.82×	1.71×	1.46×	1.49×	1.90×	1.27×	1.29×	1.50×	1.38×
EV / EBITDA (TTM)	7.47×	5.47×	6.85×	5.89×	3.64×	6.35×	7.83×	7.33×	6.39×	5.97×	11.54×	7.47×	–	–	–	–	–	–	7.42×	–	–	–	–	8.03×	5.95×	9.78×	97.67×	–	–	30.02×	12.76×	8.21×	8.62×	9.90×	9.61×	15.95×	7.04×	8.59×	2841.69×	–
EV / Sales (TTM)	3.82×	2.67×	2.81×	3.06×	2.23×	3.42×	3.69×	3.63×	3.30×	3.13×	3.64×	2.95×	–	–	–	–	–	–	3.47×	–	–	–	–	2.30×	1.78×	1.61×	1.68×	1.72×	1.50×	1.90×	1.94×	1.70×	1.63×	1.44×	1.37×	1.29×	1.22×	1.58×	1.47×	1.77×
Returns
Return on equity	19.3%	18.9%	17.6%	29.0%	68.7%	22.1%	16.6%	17.6%	6.7%	10.3%	(10.6%)	2.9%	18.0%	16.2%	24.0%	41.7%	26.2%	14.6%	40.1%	45.2%	43.1%	29.5%	18.1%	9.4%	9.1%	18.2%	15.7%	(26.7%)	(12.7%)	3.3%	8.6%	10.2%	12.6%	13.5%	6.1%	20.5%	14.5%	16.5%	16.0%	10.5%
Return on invested capital	21.7%	18.2%	18.5%	26.3%	48.1%	23.4%	14.0%	16.7%	11.7%	9.5%	–	5.0%	4.3%	13.5%	21.9%	39.4%	23.4%	18.4%	34.6%	35.6%	21.6%	16.4%	13.9%	7.7%	13.1%	4.9%	(9.6%)	(20.5%)	(14.8%)	(0.8%)	2.5%	5.5%	5.1%	3.4%	2.3%	0.5%	5.8%	4.9%	(4.2%)	3.1%
Dividend yield	3.2%	5.3%	5.3%	8.8%	12.6%	4.3%	5.5%	7.7%	4.1%	3.2%	5.7%	6.3%	–	–	–	–	–	–	1.6%	–	–	–	–	2.9%	3.0%	7.0%	2.2%	2.4%	2.5%	2.5%	2.6%	2.2%	2.5%	2.7%	3.8%	–	–	–	–	–
Financial health
Current ratio	1.88×	1.46×	1.70×	1.23×	1.69×	1.63×	1.45×	1.89×	2.51×	1.85×	1.44×	1.27×	1.23×	0.94×	0.93×	1.28×	1.93×	1.90×	1.32×	1.08×	0.99×	0.92×	1.21×	1.20×	1.10×	1.03×	0.89×	0.94×	1.17×	1.15×	1.05×	1.14×	1.06×	0.91×	0.77×	0.95×	1.21×	1.29×	0.85×	1.15×
Debt / equity	0.45×	0.45×	0.38×	0.47×	0.30×	0.34×	0.53×	0.53×	0.49×	0.54×	0.63×	0.49×	0.44×	0.48×	0.43×	0.27×	0.33×	0.41×	0.33×	0.36×	0.37×	0.51×	0.35×	0.43×	–	0.66×	0.81×	1.30×	1.21×	0.85×	0.85×	0.66×	0.72×	0.90×	0.89×	1.05×	0.91×	1.15×	1.20×	0.67×
Effective tax rate	41.9%	39.3%	40.2%	33.1%	32.4%	43.7%	32.7%	36.7%	47.5%	39.9%	117.4%	45.5%	45.5%	32.1%	32.5%	23.4%	33.5%	45.4%	32.0%	29.8%	25.6%	25.9%	21.0%	34.8%	45.3%	34.7%	6.7%	(7.6%)	(54.1%)	68.1%	41.8%	45.5%	37.0%	33.3%	58.9%	28.7%	34.5%	32.7%	41.0%	43.1%
Share count
Diluted shares outstanding	5,089	2,542	2,538	2,536	–	2,534	2,534	2,596	2,668	2,668	–	5,318	5,338	5,340	5,346	5,540	5,595	2,799	2,802	2,933	3,033	3,078	3,123	3,111	3,021	1,838	1,835	1,802	1,750	1,796	1,659	1,596	1,378	1,324	1,259	1,543	1,508	1,479	1,606	1,829

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987
Revenue and gross profit
Revenue	$58,760	$58,760	$51,262	$55,658	$53,817	$65,098	$56,921	$38,924	$44,288	$43,129	$35,740	$28,567	$45,124	$45,124	$53,860	$72,226	$71,739	$52,798	$49,812	$59,473	$47,473	$32,153	$26,722	$22,887	$15,608	$14,698	$11,467	$12,841	$12,553	$13,264	$15,983	$15,270	$13,270	$12,201	$10,938	$10,933	$11,878	$10,303	$7,884	$7,908	$6,241
Cost of revenue	($14,351)	($14,351)	($9,118)	($9,930)	($10,949)	($9,340)	($7,746)	($7,385)	($7,685)	($6,538)	($6,238)	($6,755)	($7,882)	($7,882)	($8,736)	($41,813)	($34,940)	($31,416)	($30,897)	($32,585)	($25,503)	($21,044)	($18,355)	($16,220)	($10,965)	($9,968)	($7,290)	($11,241)	($13,691)	($14,144)	($13,812)	($12,398)	($9,980)	($9,493)	($7,686)	($8,919)	($9,908)	($7,979)	($5,948)	($6,641)	($4,777)
Gross profit	$44,409	$44,409	$42,144	$45,728	$42,868	$55,758	$49,509	$31,768	$36,887	$36,591	$29,709	$22,250	$37,242	$37,242	$45,639	$30,413	$36,799	$21,382	$18,914	$26,888	$21,970	$11,109	$8,367	$6,667	$4,643	$4,730	$4,177	$1,600	($1,138)	($880)	$2,171	$2,873	$3,290	$2,708	$3,253	$2,014	$1,970	$2,324	$1,936	$1,267	$1,464
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	($13)	($43)	($46)	($75)	($74)	($65)	($156)	($244)	($169)	($76)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($7,810)	($7,810)	($13,461)	($13,427)	($12,208)	($11,552)	($10,943)	($9,411)	($11,533)	($12,009)	($10,413)	($10,274)	($15,002)	($15,002)	($17,396)	($4,860)	($4,633)	($2,331)	($3,943)	($2,494)	($2,127)	($1,465)	($1,711)	($2,014)	($125)	($174)	($1,371)	($79)	($93)	($101)	($111)	–	–	–	($1,147)	($69)	–	–	–	($60)	($46)
Total operating expenses	($20,540)	($20,540)	($22,680)	($28,191)	($19,936)	($21,652)	($23,994)	($18,085)	($20,774)	($20,595)	($17,155)	($19,446)	($28,572)	($28,572)	($25,607)	($1,449)	($4,139)	($2,708)	($3,280)	($2,738)	($2,378)	($1,626)	($1,342)	($2,465)	($1,945)	($2,056)	($3,519)	($2,747)	($1,541)	($1,482)	($2,664)	($1,987)	($1,722)	($1,521)	($2,599)	($1,364)	($1,891)	($1,348)	($1,141)	($1,926)	($972)
Total costs and expenses	($34,891)	($34,891)	($31,798)	($38,121)	($30,885)	($30,992)	($31,406)	($25,241)	($28,175)	($27,133)	($23,186)	($25,763)	($36,454)	($36,454)	($33,828)	($43,262)	($39,079)	($34,124)	($34,177)	($35,323)	($27,881)	($22,670)	($19,697)	($18,685)	($12,910)	($12,024)	($10,809)	($13,988)	($15,232)	($15,626)	($16,476)	($14,384)	($11,702)	($11,014)	($10,284)	($10,283)	($11,799)	($9,327)	($7,090)	($8,567)	($5,749)
Operating income	$23,869	$23,869	$19,464	$17,537	$22,932	$34,106	$25,515	$13,683	$16,113	$15,996	$12,554	$2,804	$8,670	$8,670	$20,032	$28,964	$32,660	$18,674	$15,635	$24,150	$19,592	$9,483	$7,025	$4,202	$2,698	$2,674	$658	($1,147)	($2,679)	($2,362)	($493)	$886	$1,568	$1,187	$654	$650	$79	$976	$795	($659)	$492
Earnings
EBITDA	$30,070	$30,070	$25,004	$22,832	$27,993	$39,789	$30,599	$18,350	$21,942	$22,284	$18,738	$9,014	$17,828	$16,386	$26,401	$35,395	$37,699	$23,433	$19,506	$27,762	$22,346	$12,096	$8,992	$6,095	$4,476	$4,401	$1,883	$221	($1,231)	($981)	$1,013	$2,322	$2,753	$2,310	$1,593	$1,556	$959	$1,789	$1,453	$4	–
Interest income	$604	$604	$660	$709	$529	$81	$67	$334	$446	$322	$143	$137	$88	$81	$108	$225	$141	$117	$196	$168	$155	$123	$118	$83	$65	$142	$61	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($2,059)	($2,059)	($1,771)	($2,198)	($2,060)	($1,050)	($1,290)	($1,192)	($1,510)	($1,567)	($1,130)	($969)	($353)	($533)	($623)	($376)	($297)	($197)	($437)	($533)	($328)	($395)	($241)	($476)	($302)	($465)	($282)	($418)	–	($448)	($462)	($381)	($292)	($341)	($382)	($423)	($549)	($723)	($549)	($434)	–
Pre-tax income	$22,414	$22,414	$18,353	$16,048	$21,401	$33,137	$24,292	$12,825	$15,049	$14,751	$11,137	$1,791	$8,056	$8,056	$20,828	$23,022	$31,255	$19,572	$11,525	$23,483	$19,212	$14,166	$8,940	$4,146	$2,222	$2,209	$1,568	$1,041	($1,402)	($599)	$981	$1,436	$1,601	$1,503	$1,229	$949	$1,520	$1,292	$1,234	$1,279	$1,026
Income tax expense	($9,388)	($9,388)	($7,210)	($6,447)	($7,077)	($10,737)	($10,616)	($4,197)	($5,529)	($7,007)	($4,443)	($2,103)	($3,666)	($3,666)	($6,696)	($7,490)	($7,309)	($6,563)	($5,237)	($7,521)	($5,716)	($3,632)	($2,312)	($870)	($774)	($1,000)	($544)	($70)	($107)	($324)	($668)	($600)	($728)	($556)	($409)	($559)	($437)	($445)	($403)	($525)	($442)
Net income	$9,833	$9,833	$9,019	$7,897	$12,921	$30,900	$11,304	$7,956	$8,306	$3,705	$5,890	($6,385)	$1,910	$1,910	$12,535	$15,473	$23,648	$12,722	$5,830	$15,390	$13,416	$10,450	$6,396	$3,403	$1,581	$1,127	$1,024	$971	($1,509)	($923)	$313	$835	$873	$947	$820	$390	$1,083	$846	$830	$754	$584
Per share
Diluted EPS (GAAP)	$1.93	$1.93	$3.56	$3.12	$5.10	–	$4.56	$3.10	$3.32	$2.48	$2.38	–	$0.36	$2.59	$2.10	$2.89	$4.27	$2.28	$4.18	$11.00	$9.16	$6.90	$4.16	$2.18	$1.00	$0.84	$0.96	$0.44	($0.84)	($0.52)	$0.34	$1.00	$1.10	$1.38	$1.24	$0.62	$1.40	$1.12	$1.12	$0.94	$0.64
Basic EPS (GAAP)	$1.94	$1.94	$3.56	$3.12	$5.10	–	$4.56	$3.10	$3.34	$2.48	$2.40	–	$0.36	$2.60	$2.11	$2.91	$4.29	$2.29	$4.19	$11.01	$9.18	$6.93	$4.18	$2.19	$1.00	$0.84	$0.96	$0.44	($0.84)	($0.52)	$0.34	$1.00	$1.10	$1.38	$1.24	$0.62	$1.40	$1.12	$1.12	$0.94	$0.64
Basic shares outstanding	5,078	5,078	2,536	2,538	2,536	–	2,484	2,534	2,497	2,668	2,668	–	5,315	5,321	5,322	5,323	5,511	5,565	2,782	2,795	2,923	3,018	3,062	3,109	3,104	3,014	1,838	1,835	1,802	1,750	1,796	1,659	1,596	1,378	1,324	1,259	1,543	1,508	1,479	1,606	1,829
Margins
Gross margin	75.6%	75.6%	82.2%	82.2%	79.7%	85.7%	87.0%	81.6%	83.3%	84.8%	83.1%	77.9%	82.5%	82.5%	84.7%	42.1%	51.3%	40.5%	38.0%	45.2%	46.3%	34.6%	31.3%	29.1%	29.7%	32.2%	36.4%	12.5%	(9.1%)	(6.6%)	13.6%	18.8%	24.8%	22.2%	29.7%	18.4%	16.6%	22.6%	24.6%	16.0%	23.5%
Operating margin	40.6%	40.6%	38.0%	31.5%	42.6%	52.4%	44.8%	35.2%	36.4%	37.1%	35.1%	9.8%	19.2%	19.2%	37.2%	40.1%	45.5%	35.4%	31.4%	40.6%	41.3%	29.5%	26.3%	18.4%	17.3%	18.2%	5.7%	(8.9%)	(21.3%)	(17.8%)	(3.1%)	5.8%	11.8%	9.7%	6.0%	5.9%	0.7%	9.5%	10.1%	(8.3%)	7.9%
Net margin	16.7%	16.7%	17.6%	14.2%	24.0%	47.5%	19.9%	20.4%	18.8%	8.6%	16.5%	(22.4%)	4.2%	4.2%	23.3%	21.4%	33.0%	24.1%	11.7%	25.9%	28.3%	32.5%	23.9%	14.9%	10.1%	7.7%	8.9%	7.6%	(12.0%)	(7.0%)	2.0%	5.5%	6.6%	7.8%	7.5%	3.6%	9.1%	8.2%	10.5%	9.5%	9.4%

Analyst consensus

Hold31 analysts

Bearish · 4 · Hold · 20 · Bullish · 7

Earnings history

	EPS	Estimate
Q2 2023	$2.55	$2.72	Miss
Q4 2023	$1.34	$2.61	Miss
Q2 2024	$0.36	$2.87	Miss
Q4 2024	$2.75	$2.75	Match
Q2 2025	$1.74	$1.98	Miss
Q4 2025	$2.12	$2.09	Beat
Q2 2026	$2.24	$2.40	Miss
Q4 2026	$2.76	$2.67	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOBrandon Craig

Employees39,536

SectorBasic Materials

IndustryIndustrial Materials

CountryAU

ExchangeNew York Stock Exchange

Websitewww.bhp.com

BHP Group Limited is a prominent global natural resources enterprise with operations spanning multiple continents, including Australia, Europe, Asia (encompassing China, Japan, India, South Korea, and other regions), North America, and South America. The company's primary activities are organized into distinct divisions: Copper, Iron Ore, and Coal. Its extensive mining portfolio includes the extraction of a wide array of minerals such as copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, and cobalt, alongside the production of both metallurgical and thermal (energy) coal. In addition to these core endeavors, BHP is also engaged in the integrated process of nickel production—from mining to smelting and refining—and is actively pursuing potash development initiatives. The company further offers a variety of support functions, including towing, freight services, marketing and trading, marketing assistance, finance, and administrative services. Founded in 1851, BHP Group Limited maintains its corporate headquarters in Melbourne, Australia.

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