BHP vs. MLM: BHP vs. Martin Marietta Materials Stock Comparison

November 11, 2026

How do BHP (BHP) and Martin Marietta Materials (MLM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BHP (BHP) and Martin Marietta Materials (MLM) both fall under the Materials industry group, but BHP is classified in Metals & Mining while MLM is classified in Construction Materials.

Martin Marietta Materials (MLM) trades as ordinary local shares, while BHP (BHP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BHP (BHP) and Martin Marietta Materials (MLM)
Profile Item	BHP	MLM
Name	BHP Group Ltd. Sponsored ADR	Martin Marietta Materials, Inc.
Country/Region	Australia	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Construction Materials
GICS Sub-Industry	Diversified Metals & Mining	Construction Materials
Market Capitalization	203.04 billion USD	36.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	February 17, 1994
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BHP

MLM

GSPC

BHP (BHP) vs. Martin Marietta Materials (MLM), with S&P 500 (GSPC) for reference: 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 Martin Marietta Materials (MLM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BHP (BHP) and Martin Marietta Materials (MLM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
Total Return (1Y)	55.75%	-12.23%
Total Return (3Y, Annualized)	17.27%	6.32%
Total Return (5Y, Annualized)	18.05%	5.43%

Risk Profile

Drawdown History

BHP

MLM

GSPC

BHP (BHP) vs. Martin Marietta Materials (MLM), with S&P 500 (GSPC) for reference: 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 Martin Marietta Materials (MLM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
Volatility (1Y, Annualized)	34.60%	29.72%
Beta (5Y)	0.77	1.02
Max Drawdown (5Y)	-37.21%	-33.19%
Avg. Volume (3M)	2.84M	805.11K

Risk-Adjusted Performance

Risk-Return Positioning

BHP and MLM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
Sharpe Ratio (1Y)	1.49	-0.56
Sortino Ratio (1Y)	2.22	-0.75

Profitability

ROE (TTM)

BHP (BHP) at 24.00% sits in the top ROE quartile, while Martin Marietta Materials (MLM) at 6.02% is closer to the peer norm — stronger capital efficiency for BHP.

BHP

Materials industry group

24.00%

Max: 52.88%
BHP: 24.00%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

MLM

Materials industry group

6.02%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MLM: 6.02%
Q1: -3.41%
Min: -32.81%

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both BHP (BHP) at 16.73% and Martin Marietta Materials (MLM) at 31.88% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

BHP

Materials industry group

16.73%

Max: 38.66%
BHP: 16.73%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

MLM

Materials industry group

31.88%

Max: 38.66%
MLM: 31.88%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

BHP (BHP) at 43.34% operates in the top operating margin quartile, ahead of Martin Marietta Materials (MLM) at 22.29%, which runs around its industry’s norm.

BHP

Materials industry group

43.34%

Max: 66.70%
BHP: 43.34%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

MLM

Materials industry group

22.29%

Max: 66.70%
Q3: 28.92%
MLM: 22.29%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
ROE (TTM)	24.00%	6.02%
ROA (TTM)	13.43%	3.27%
Net Margin (TTM)	16.73%	31.88%
Operating Margin (TTM)	43.34%	22.29%
Gross Margin (TTM)	85.92%	26.74%

Growth

Revenue Growth

Both BHP (BHP) at 14.63% and Martin Marietta Materials (MLM) at 8.62% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both BHP (BHP) at 8.91% and Martin Marietta Materials (MLM) at -42.09% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
Revenue Growth (YoY)	14.63%	8.62%
Revenue Growth (3Y CAGR)	2.97%	-0.06%
EPS Growth (YoY)	8.91%	-42.09%
EPS Growth (3Y CAGR)	-8.80%	10.61%

Financial Strength

Current Ratio (MRQ)

Both BHP (BHP) at 1.89 and Martin Marietta Materials (MLM) at 1.63 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

BHP

Materials industry group

1.89

Max: 5.96
Q3: 3.30
Median: 2.24
BHP: 1.89
Q1: 1.45
Min: 0.16

MLM

Materials industry group

1.63

Max: 5.96
Q3: 3.30
Median: 2.24
MLM: 1.63
Q1: 1.45
Min: 0.16

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both BHP (BHP) at 0.50 and Martin Marietta Materials (MLM) at 0.75 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

BHP

Materials industry group

0.50

Max: 1.98
Q3: 0.89
BHP: 0.50
Median: 0.47
Q1: 0.13
Min: 0.00

MLM

Materials industry group

0.75

Max: 1.98
Q3: 0.89
MLM: 0.75
Median: 0.47
Q1: 0.13
Min: 0.00

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
Current Ratio (MRQ)	1.89	1.63
Debt / Equity (MRQ)	0.50	0.75
Net Debt / EBITDA	0.33	5.88

Dividends

Dividend Yield (TTM)

BHP (BHP) at 2.19% delivers top-quartile income for its industry, while Martin Marietta Materials (MLM) at 0.63% pays a more typical yield — both are credible income propositions, BHP the richer one.

BHP

Materials industry group

2.19%

Max: 4.52%
BHP: 2.19%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

MLM

Materials industry group

0.63%

Max: 4.52%
Q3: 1.85%
MLM: 0.63%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Martin Marietta Materials (MLM) at 24.85% pays out a band-typical share of earnings, while BHP (BHP) at 68.84% distributes more than its industry norm — less retained, thinner cover.

BHP

Materials industry group

68.84%

Max: 83.62%
BHP: 68.84%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

MLM

Materials industry group

24.85%

Max: 83.62%
Q3: 41.37%
MLM: 24.85%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
Dividend Yield (TTM)	2.19%	0.63%
Dividend Payout Ratio (TTM)	68.84%	24.85%

Valuation

P/E Ratio (TTM)

BHP (BHP) at 20.70 is near its industry’s usual P/E ratio, while Martin Marietta Materials (MLM) at 38.67 sits in the richer quartile — MLM needs stronger growth or earnings quality to justify the premium.

BHP

Materials industry group

20.70

Max: 59.00
Q3: 32.93
BHP: 20.70
Median: 18.82
Q1: 11.96
Min: 3.93

MLM

Materials industry group

38.67

Max: 59.00
MLM: 38.67
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

BHP (BHP) at 3.46 is priced about in line with its industry on P/S ratio, while Martin Marietta Materials (MLM) at 5.11 sits in the pricier quartile — MLM costs more per dollar of sales.

BHP

Materials industry group

3.46

Max: 9.62
Q3: 4.34
BHP: 3.46
Median: 1.87
Q1: 0.73
Min: 0.00

MLM

Materials industry group

5.11

Max: 9.62
MLM: 5.11
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Martin Marietta Materials (MLM) at 2.09 is valued about in line with its industry on P/B ratio, while BHP (BHP) at 3.98 carries an above-peer premium to book — BHP is pricier on assets.

BHP

Materials industry group

3.98

Max: 6.59
BHP: 3.98
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

MLM

Materials industry group

2.09

Max: 6.59
Q3: 3.55
MLM: 2.09
Median: 2.08
Q1: 1.26
Min: -0.17

BHP (BHP) vs. Martin Marietta Materials (MLM): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for BHP (BHP) and Martin Marietta Materials (MLM)
Metric	BHP	MLM
P/E Ratio (TTM)	20.70	38.67
P/S Ratio (TTM)	3.46	5.11
P/B Ratio (MRQ)	3.98	2.09
Free Cash Flow Yield (TTM)	4.72%	4.54%