BHP (BHP) Stock Analysis

September 7, 2026

This is a peer-relative look at BHP (BHP): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

BHP (BHP) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for BHP (BHP)
Profile Item	BHP
Name	BHP Group Ltd. Sponsored ADR
Country/Region	Australia
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Diversified Metals & Mining
Market Capitalization	229.80 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	ADR

Price Performance

Cumulative Growth

BHP

GSPC

BHP (BHP) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BHP (BHP) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BHP (BHP) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
Total Return (1Y)	69.60%	32.07%
Total Return (3Y, Annualized)	21.38%	16.58%
Total Return (5Y, Annualized)	16.33%	9.27%

Risk Profile

Drawdown History

BHP

GSPC

BHP (BHP) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BHP (BHP) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
Volatility (1Y, Annualized)	33.82%	54.96%
Beta (5Y)	0.74	1.03
Max Drawdown (5Y)	-37.21%	-59.24%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BHP is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
Sharpe Ratio (1Y)	1.94	0.55
Sortino Ratio (1Y)	2.95	0.83

Profitability

ROE (TTM)

BHP (BHP) posts ROE of 24.00%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

BHP

Materials industry group

24.00%

Group distribution

Max: 58.68%
BHP: 24.00%
Q3: 19.91%
Median: 7.18%
Q1: -6.58%
Min: -41.32%

Largest peers

SCCO: 49.90%
NEM: 25.91%
BHP: 24.00%
AEM: 22.97%
RIO: 19.31%
LIN: 18.40%
FCX: 14.76%

Where BHP (BHP) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

BHP (BHP) keeps 16.73% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

BHP

Materials industry group

16.73%

Group distribution

Max: 37.52%
BHP: 16.73%
Q3: 15.14%
Median: 4.47%
Q1: 0.00%
Min: -19.34%

Largest peers

AEM: 40.44%
SCCO: 35.87%
NEM: 33.36%
LIN: 20.44%
RIO: 19.59%
BHP: 16.73%
FCX: 11.39%

Where BHP (BHP) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

BHP (BHP) turns 43.34% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

BHP

Materials industry group

43.34%

Group distribution

Max: 66.54%
BHP: 43.34%
Q3: 29.90%
Median: 12.36%
Q1: 1.74%
Min: -29.20%

Largest peers

SCCO: 61.16%
AEM: 58.11%
NEM: 51.57%
BHP: 43.34%
FCX: 33.40%
LIN: 28.12%
RIO: 28.05%

Where BHP (BHP) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
ROE (TTM)	24.00%	7.18%
ROA (TTM)	13.43%	4.55%
Net Margin (TTM)	16.73%	4.47%
Operating Margin (TTM)	43.34%	12.36%
Gross Margin (TTM)	85.92%	27.39%

Growth

Revenue Growth

BHP (BHP) grew revenue 14.63%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

BHP (BHP): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

BHP (BHP) grew earnings per share 8.91%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

BHP (BHP): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
Revenue Growth (YoY)	14.63%	7.64%
Revenue Growth (3Y CAGR)	2.97%	0.35%
EPS Growth (YoY)	8.91%	-3.17%
EPS Growth (3Y CAGR)	-8.80%	1.98%

Financial Strength

Current Ratio (MRQ)

BHP (BHP) has current ratio of 1.89, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

BHP

Materials industry group

1.89

Group distribution

Max: 6.33
Q3: 3.44
Median: 2.24
BHP: 1.89
Q1: 1.46
Min: 0.16

Largest peers

SCCO: 5.06
AEM: 2.86
NEM: 2.55
FCX: 2.07
BHP: 1.89
RIO: 1.42
LIN: 0.88

Where BHP (BHP) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

BHP (BHP) has debt-to-equity ratio of 0.50, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

BHP

Materials industry group

0.50

Group distribution

Max: 2.03
Q3: 0.94
BHP: 0.50
Median: 0.45
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.69
SCCO: 0.68
BHP: 0.50
FCX: 0.32
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where BHP (BHP) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
Current Ratio (MRQ)	1.89	2.24
Debt / Equity (MRQ)	0.50	0.45
Net Debt / EBITDA	0.33	1.42

Dividends

Dividend Yield (TTM)

BHP (BHP) has dividend yield of 1.90%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

BHP

Materials industry group

1.90%

Group distribution

Max: 4.11%
BHP: 1.90%
Q3: 1.77%
Median: 0.34%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 4.52%
BHP: 1.90%
SCCO: 1.77%
LIN: 1.29%
FCX: 0.83%
AEM: 0.82%
NEM: 0.79%

Where BHP (BHP) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

BHP (BHP) has payout ratio of 68.84%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

BHP

Materials industry group

68.84%

Group distribution

Max: 84.09%
BHP: 68.84%
Q3: 34.12%
Median: 7.61%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
RIO: 54.46%
SCCO: 54.16%
LIN: 40.00%
FCX: 29.41%
AEM: 14.55%
NEM: 12.86%

Where BHP (BHP) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
Dividend Yield (TTM)	1.90%	0.34%
Dividend Payout Ratio (TTM)	68.84%	7.61%

Valuation

P/E Ratio (TTM)

BHP (BHP) trades at P/E ratio of 23.42, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

BHP

Materials industry group

23.42

Group distribution

Max: 60.29
Q3: 33.41
BHP: 23.42
Median: 21.54
Q1: 15.25
Min: 6.03

Largest peers

FCX: 35.65
LIN: 30.77
SCCO: 29.84
BHP: 23.42
AEM: 17.51
NEM: 16.15
RIO: 13.99

Where BHP (BHP) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

BHP (BHP) trades at 3.91 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

BHP

Materials industry group

3.91

Group distribution

Max: 10.63
Q3: 5.00
BHP: 3.91
Median: 2.04
Q1: 0.74
Min: 0.00

Largest peers

SCCO: 10.63
AEM: 7.14
LIN: 6.21
NEM: 5.24
FCX: 4.04
BHP: 3.91
RIO: 2.72

Where BHP (BHP) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

BHP (BHP) trades at 4.51 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

BHP

Materials industry group

4.51

Group distribution

Max: 8.50
BHP: 4.51
Q3: 4.34
Median: 2.61
Q1: 1.48
Min: -0.31

Largest peers

SCCO: 13.53
LIN: 5.63
FCX: 5.19
BHP: 4.51
NEM: 3.85
AEM: 3.62
RIO: 2.56

Where BHP (BHP) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

BHP (BHP) metric values compared with Materials industry-group medians
Metric	Current stock: BHP	Industry group median
P/E Ratio (TTM)	23.42	21.54
P/S Ratio (TTM)	3.91	2.04
P/B Ratio (MRQ)	4.51	2.61
Free Cash Flow Yield (TTM)	4.17%	1.89%