BHP

MKT CAP:$203B

BHP Group Limited

Market Cap

$203B

Basic Materials·Industrial Materials·🇦🇺 Australia·NYSE

Materials·Industrial·🇦🇺·NYSE

Stock Price

$79.87+$18.11 (+29.32%)

Apr 24, 2026

Company Details

BHP 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....

CEO

Mike Henry

IPO Date

Mar 17, 1980

Website

www.bhp.com

Key Metrics TTM

Revenue

$107.6B

-6.9% YoY

Net Income

$21.6B

EPS (Diluted)

$8.52

Free Cash Flow

$20.9B

Revenue / Share

$42.30

Gross Margin

82.7%

Operating Margin

41.0%

Net Margin

20.1%

FCF Margin

19.4%

P/S

1.9x

P/E

9.4x

Earnings Reports

Q2 2026

Feb 17, 2026

$28.0B+11.0%EPS $2.22

FY 2025

Aug 22, 2025

$51.3B-7.9%EPS $3.56

Q4 2025

Aug 22, 2025

$26.1B-8.2%EPS $1.82

Q2 2025

Feb 18, 2025

$25.2B-7.5%EPS $1.74

FY 2024

Aug 30, 2024

$55.7B+3.4%EPS $3.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 18	$22.7B	$28.2B	$8.8B
Q2 19	$20.9B	$7.4B	$7.3B
Q4 19	$23.4B	$29.1B	$8.8B
Q2 20	$22.5B	$9.0B	$8.3B
Q4 20	$20.8B	$26.6B	$6.1B
Q2 21	$24.2B	$11.3B	$9.9B
Q4 21	$33.1B	$38.2B	$15.6B
Q2 22	$30.8B	$15.2B	$14.8B
Q4 22	$34.6B	$40.9B	$19.3B
Q2 23	$26.0B	$10.6B	$10.8B
Q4 23	$27.8B	$32.2B	$12.1B
Q2 24	$27.2B	$10.8B	$4.8B
Q4 24	$28.4B	$34.9B	$12.7B
Q2 25	$25.2B	$9.2B	$9.1B
Q4 25	$26.1B	$32.9B	$10.3B
Q2 26	$28.0B	$12.0B	$12.0B

Valuation

Quarter	P/S	P/E
Q4 18	1.5x	18.6x
Q2 19	1.4x	10.7x
Q4 19	1.5x	11.0x
Q2 20	1.4x	8.3x
Q4 20	1.3x	6.8x
Q2 21	1.6x	9.0x
Q4 21	1.6x	8.5x
Q2 22	1.3x	5.7x
Q4 22	1.2x	3.5x
Q2 23	1.3x	3.7x
Q4 23	1.3x	3.5x
Q2 24	1.5x	4.7x
Q4 24	0.7x	3.5x
Q2 25	0.6x	3.3x
Q4 25	0.6x	3.6x
Q2 26	1.4x	7.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 18	$11.1B	$7.8B
Q2 19	$7.3B	$4.2B
Q4 19	$10.6B	$6.5B
Q2 20	$7.4B	$3.6B
Q4 20	$8.3B	$4.4B
Q2 21	$9.4B	$6.4B
Q4 21	$17.9B	$15.0B
Q2 22	$13.3B	$10.4B
Q4 22	$18.9B	$15.7B
Q2 23	$6.8B	$3.7B
Q4 23	$11.9B	$7.9B
Q2 24	$8.9B	$4.1B
Q4 24	$11.8B	$7.3B
Q2 25	$8.3B	$3.3B
Q4 25	$10.4B	$6.0B
Q2 26	$9.4B	$4.3B

Capital Expenditures

Quarter	CapEx
Q4 18	$3.3B
Q2 19	$3.1B
Q4 19	$4.1B
Q2 20	$3.8B
Q4 20	$3.8B
Q2 21	$2.9B
Q4 21	$2.9B
Q2 22	$2.9B
Q4 22	$3.2B
Q2 23	$3.0B
Q4 23	$4.1B
Q2 24	$4.7B
Q4 24	$4.5B
Q2 25	$5.0B
Q4 25	$4.4B
Q2 26	$5.1B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 18	+42.4%	-39.5%
Q2 19	+35.9%	-7.0%
Q4 19	+21.1%	+10.2%
Q2 20	+8.8%	+4.9%
Q4 20	-8.7%	+5.4%
Q2 21	+15.6%	+5.3%
Q4 21	+41.5%	+19.5%
Q2 22	+37.3%	+13.0%
Q4 22	+66.5%	+4.5%
Q2 23	+7.4%	+6.0%
Q4 23	-15.8%	-9.8%
Q2 24	-11.7%	+40.3%
Q4 24	-17.8%	+2.4%
Q2 25	-3.1%	+5.9%
Q4 25	-6.3%	+0.1%
Q2 26	+2.6%	-28.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 18	$123M	0.5%
Q2 19	$0	0.0%
Q4 19	$138M	0.6%
Q2 20	$0	0.0%
Q4 20	$129M	0.6%
Q2 21	$0	0.0%
Q4 21	$88M	0.3%
Q2 22	$0	0.0%
Q4 22	$109M	0.3%
Q2 23	$0	0.0%
Q4 23	$97M	0.3%
Q2 24	$0	0.0%
Q4 24	$112M	0.4%
Q2 25	$0	0.0%
Q4 25	$0	0.0%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 18	$9.7B	$2.3B
Q4 19	$9.6B	$2.4B
Q4 20	$8.8B	$2.0B
Q4 21	$9.0B	$1.9B
Q4 22	$9.2B	$2.3B
Q4 23	$9.9B	$2.3B
Q4 24	$11.2B	$2.3B
Q4 25	$11.4B	$2.0B

Revenue by Geography

Quarter	Australia	China	Europe	India	Japan	Korea, Republic Of	North America	Rest Of World	Rest of Asia	South America
Q2 19	$1.2B	$11.2B	$983M	$1.1B	$2.1B	$1.1B	$1.2B	$154M	$1.4B	$362M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 18	$15.9B	$18M	$15.9B
Q2 19	$15.6B	$237M	$15.8B
Q4 19	$15.6B	$15M	$15.6B
Q2 20	$14.3B	$10M	$14.3B
Q4 20	$13.4B	$36M	$13.5B
Q2 21	$9.3B	$11M	$9.3B
Q4 21	$15.2B	$3M	$15.2B
Q2 22	$12.4B	$156M	$12.5B
Q4 22	$17.2B	$303M	$17.5B
Q2 23	$9.6B	$329M	$9.9B
Q4 23	$12.4B	$29M	$12.5B
Q2 24	$10.3B	$35M	$10.4B
Q4 24	$12.4B	$258M	$12.6B
Q2 25	$9.6B	$298M	$9.9B
Q4 25	$11.9B	$273M	$12.2B
Q2 26	$13.5B	$349M	$13.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 18	2.67B	-0.0%	+0.3%
Q2 19	2.66B	-0.3%	-0.1%
Q4 19	2.53B	-4.7%	-5.0%
Q2 20	2.54B	+0.0%	-5.0%
Q4 20	2.53B	-0.0%	-5.0%
Q2 21	2.53B	+0.0%	-4.7%
Q4 21	2.53B	-0.0%	-0.0%
Q2 22	2.54B	+0.1%	+0.0%
Q4 22	2.54B	-0.0%	+0.0%
Q2 23	2.54B	+0.1%	+0.1%
Q4 23	2.54B	0.0%	+0.1%
Q2 24	2.54B	+0.1%	+0.1%
Q4 24	2.54B	-0.0%	+0.1%
Q2 25	2.54B	+0.1%	+0.2%
Q4 25	2.54B	0.0%	+0.2%
Q2 26	2.54B	+0.1%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 18	$366.7K	62K
Q2 19	$337.3K	62K
Q4 19	$324.7K	72K
Q2 20	$311.9K	72K
Q4 20	$988.9K	21K
Q2 21	$1M	21K
Q4 21	$413.4K	80K
Q2 22	$385.4K	80K
Q4 22	$432.3K	80K
Q2 23	$324.8K	80K
Q4 23	$347.9K	80K
Q2 24	$340.4K	80K
Q4 24	$315.8K	90K
Q2 25	$279.7K	90K
Q4 25	$289.8K	90K
Q2 26	$310.6K	90K

Revenue / Employee