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BHP

BHP Group Limited

BHP

BHP Group Limited • NYSE
$54.73 ▼ -0.27% (-0.15)
Market Cap $277.81 B
52w High $58.92
52w Low $39.73
Dividend Yield 2.17%
P/E 15.42
Volume 1.50M
Outstanding Shares 5.08B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $26.086B ▲ $22.563B ▲ $4.603B ▲ 17.645% ▲ $1.82 ▲ $12.008B ▲
Q2-2025 $25.176B ▼ $117M ▼ $4.416B ▼ 17.541% ▼ $1.74 ▼ $11.434B ▼
Q4-2024 $28.426B ▲ $9.194B ▲ $6.97B ▲ 24.52% ▲ $2.76 ▲ $13.887B ▲
Q2-2024 $27.232B ▼ $6.001B ▼ $927M ▼ 3.404% ▼ $0.36 ▼ $12.954B ▼
Q4-2023 $27.833B $11.322B $6.464B 23.224% $2.56 $13.043B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $12.167B ▲ $108.79B ▲ $56.572B ▲ $47.665B ▲
Q2-2025 $9.858B ▼ $100.722B ▼ $51.125B ▼ $45.516B ▲
Q4-2024 $12.647B ▲ $102.362B ▲ $53.242B ▼ $44.811B ▲
Q2-2024 $10.354B ▼ $99.988B ▼ $54.397B ▲ $41.392B ▼
Q4-2023 $12.457B $101.296B $52.766B $44.496B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $4.604B ▲ $10.381B ▲ $-7.685B ▼ $-702.902M ▲ $2.334B ▲ $5.986B ▲
Q2-2025 $4.416B ▼ $8.317B ▼ $-5.669B ▼ $-5.27B ▲ $-2.941B ▲ $3.311B ▼
Q4-2024 $6.97B ▲ $11.781B ▲ $-3.683B ▲ $-5.686B ▲ $-10.319B ▼ $7.252B ▲
Q2-2024 $927M ▼ $8.884B ▼ $-5.079B ▲ $-5.983B ▼ $-2.109B ▼ $4.14B ▼
Q4-2023 $6.464B $11.931B $-9.776B $596M $2.823B $7.875B

Five-Year Company Overview

Income Statement

Income Statement BHP’s income statement shows the classic pattern of a large, diversified miner: earnings move up and down with commodity prices. Revenue peaked a few years ago and has since stepped down, but it remains very large by global standards. Profitability has been volatile: one year of exceptionally strong margins during the commodity upswing, followed by more normal, but still healthy, profit levels. The most recent year shows better earnings than the prior year despite slightly lower sales, suggesting decent cost control and mix management. Overall, the business remains strongly profitable, but results are clearly tied to the commodity cycle rather than showing smooth, steady growth.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative for such a capital‑intensive business. Total assets have crept higher over time, and equity remains a substantial foundation, indicating a strong capital base. Cash balances are consistently high, giving the company flexibility through down cycles. Debt has risen in the most recent years but still looks reasonable compared with the equity cushion and cash on hand. In simple terms, BHP appears to be managing its leverage prudently while still funding large projects and returns to shareholders.

Cash Flow

Cash Flow Cash generation is a major strength. Operating cash flow is strong year after year, even when earnings soften, reflecting the quality and scale of the underlying assets. Free cash flow is consistently positive after funding heavy investment in new and existing mines. Capital spending has increased, likely tied to growth and decarbonization projects, which has trimmed free cash flow versus boom years but not pushed it into negative territory. This pattern suggests BHP can both invest for the future and maintain financial resilience, as long as commodity prices do not collapse for a prolonged period.

Competitive Edge

Competitive Edge BHP benefits from a durable competitive position built on size, low‑cost assets, and diversification. It owns some of the world’s largest and most efficient iron ore and copper operations, giving it cost advantages that help it stay profitable when weaker competitors struggle. Its portfolio spans several key commodities, which smooths out exposure to any single market. Integrated logistics and remote operations centers add another layer of efficiency and reliability. However, BHP is still fundamentally exposed to global demand for steel, energy, and infrastructure, as well as regulatory and environmental pressures in the countries where it operates. Compared with most peers, it sits toward the stronger, more resilient end of the spectrum.

Innovation and R&D

Innovation and R&D For a mining company, BHP is unusually active in technology and long‑term innovation. It has pushed hard into automation, remote operations, and data analytics, using autonomous trucks, drills, and AI‑driven optimization to boost productivity and safety. It is also leaning into “future‑facing” commodities like copper, nickel, and potash, aligning its portfolio with electrification, renewable energy, and food security trends. On the sustainability side, BHP is investing in lower‑carbon operations and partnering with steelmakers to explore green steel technologies. The main risks are execution and capital discipline: large projects and new technologies can overrun budgets or underdeliver. Still, relative to many mining peers, BHP appears to be treating innovation and decarbonization as core strategic levers rather than side projects.

Summary

BHP combines a powerful cash‑generating core with meaningful exposure to the global shift toward cleaner energy and infrastructure. Financially, it shows strong profitability, a sturdy balance sheet, and reliable cash flow, but with the inevitable ups and downs tied to commodity prices. Competitively, its scale, asset quality, and diversification provide a clear advantage, allowing it to weather downturns better than many rivals. Its push into automation, digital operations, potash, and greener steel positions it for future demand patterns, though this comes with large project and policy risks. Overall, BHP looks like a mature resources giant actively reshaping itself for the next few decades, while still being heavily influenced by global economic cycles and regulatory developments.

NEWS

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