BHP Group LimitedBHP
NYSE•Basic Materials•Other Industrial Metals & Mining
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It also engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal. In addition, the company is involved in the mining, smelting, and refining of nickel, as well as potash development activities. Further, it provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. BHP Group Limited was founded in 1851 and is headquartered in Melbourne, Australia.
BHP Group Limited (BHP) reported trailing twelve months revenue of $107.64B as of December 2025, a 95.5% increase year-over-year. Quarterly revenue reached $27.95B, reflecting continued top-line momentum.
BHP Group Limited generated $21.64B in TTM net income, with quarterly EBITDA of $14.90B. The operating margin stands at 42.8%.
The spread between operating margin (42.8%) and net margin (20.2%) indicates significant non-operating expenses or interest burden. Net margin has improved from 0.0% a year ago, signaling stronger bottom-line efficiency.
BHP trades at a P/E of 7.2x (below the broader market average) and a P/S of 1.4x. The price-to-book ratio of 3.1x reflects a moderate premium to book value.
The company generated $4.31B in free cash flow over the trailing twelve months, a 18.8% increase year-over-year, indicating cash generation ability. The balance sheet shows $116.01B in total assets with $24.59B in long-term debt against $50.41B in stockholders equity for a debt-to-equity ratio of 0.5, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 28.1%. The business may lack pricing power or face rising costs.'
Consistently high ROE averaging 27.0% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~40.9% — no sign of cost or pricing stress.
FCF covers net income by 1.6x on average — earnings are well-supported by cash generation.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation