BHP vs. MT: BHP vs. ArcelorMittal Stock Comparison

November 11, 2026

How do BHP (BHP) and ArcelorMittal (MT) 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 ArcelorMittal (MT) both belong to the Metals & Mining industry, though BHP is classified under Diversified Metals & Mining while MT falls under Steel.

Both BHP (BHP) and ArcelorMittal (MT) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for BHP (BHP) and ArcelorMittal (MT)
Profile Item	BHP	MT
Name	BHP Group Ltd. Sponsored ADR	ArcelorMittal NY Registry Shares
Country/Region	Australia	Luxembourg
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Diversified Metals & Mining	Steel
Market Capitalization	203.04 billion USD	45.85 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	August 7, 1997
Security Type	ADR	ADR

Price Performance

Cumulative Growth

BHP

GSPC

BHP (BHP) vs. ArcelorMittal (MT), 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 ArcelorMittal (MT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BHP (BHP) and ArcelorMittal (MT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
Total Return (1Y)	55.75%	65.49%
Total Return (3Y, Annualized)	17.27%	45.03%
Total Return (5Y, Annualized)	18.05%	16.55%

Risk Profile

Drawdown History

BHP

GSPC

BHP (BHP) vs. ArcelorMittal (MT), 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 ArcelorMittal (MT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
Volatility (1Y, Annualized)	34.60%	44.08%
Beta (5Y)	0.77	1.49
Max Drawdown (5Y)	-37.21%	-45.99%
Avg. Volume (3M)	2.84M	1.35M

Risk-Adjusted Performance

Risk-Return Positioning

BHP and MT 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 ArcelorMittal (MT)
Metric	BHP	MT
Sharpe Ratio (1Y)	1.49	1.39
Sortino Ratio (1Y)	2.22	2.23

Profitability

ROE (TTM)

BHP (BHP) at 24.00% sits in the top ROE quartile, while ArcelorMittal (MT) at 1.83% 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%

MT

Materials industry group

1.83%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
MT: 1.83%
Q1: -3.41%
Min: -32.81%

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

BHP (BHP) at 16.73% retains a top-quartile share of revenue as profit, ahead of ArcelorMittal (MT) at 1.64%, which keeps about the industry-typical share.

BHP

Materials industry group

16.73%

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

MT

Materials industry group

1.64%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
MT: 1.64%
Q1: 0.00%
Min: -20.40%

BHP (BHP) vs. ArcelorMittal (MT): 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 ArcelorMittal (MT) at 6.16%, 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%

MT

Materials industry group

6.16%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
MT: 6.16%
Q1: 3.28%
Min: -14.07%

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
ROE (TTM)	24.00%	1.83%
ROA (TTM)	13.43%	1.31%
Net Margin (TTM)	16.73%	1.64%
Operating Margin (TTM)	43.34%	6.16%
Gross Margin (TTM)	85.92%	8.16%

Growth

Revenue Growth

BHP (BHP) at 14.63% is around its peer norm for revenue growth, while ArcelorMittal (MT) at -1.74% drops into the bottom quartile, signaling weaker demand or pricing momentum.

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their Revenue Growth across different time periods.

EPS Growth

ArcelorMittal (MT) at 143.20% sits in the top EPS growth quartile, while BHP (BHP) at 8.91% is closer to the peer norm — faster per-share earnings growth for MT.

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
Revenue Growth (YoY)	14.63%	-1.74%
Revenue Growth (3Y CAGR)	2.97%	-8.41%
EPS Growth (YoY)	8.91%	143.20%
EPS Growth (3Y CAGR)	-8.80%	-26.09%

Financial Strength

Current Ratio (MRQ)

BHP (BHP) at 1.89 keeps current ratio within its industry’s typical mid-range, while ArcelorMittal (MT) at 1.41 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MT.

BHP

Materials industry group

1.89

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

MT

Materials industry group

1.41

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
MT: 1.41
Min: 0.16

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both BHP (BHP) at 0.50 and ArcelorMittal (MT) at 0.24 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

MT

Materials industry group

0.24

Max: 1.98
Q3: 0.89
Median: 0.47
MT: 0.24
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
Current Ratio (MRQ)	1.89	1.41
Debt / Equity (MRQ)	0.50	0.24
Net Debt / EBITDA	0.33	2.08

Dividends

Dividend Yield (TTM)

BHP (BHP) at 2.19% delivers top-quartile income for its industry, while ArcelorMittal (MT) at 0.99% 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%

MT

Materials industry group

0.99%

Max: 4.52%
Q3: 1.85%
MT: 0.99%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both BHP (BHP) at 68.84% and ArcelorMittal (MT) at 52.92% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

BHP

Materials industry group

68.84%

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

MT

Materials industry group

52.92%

Max: 83.62%
MT: 52.92%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

BHP (BHP) vs. ArcelorMittal (MT): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
Dividend Yield (TTM)	2.19%	0.99%
Dividend Payout Ratio (TTM)	68.84%	52.92%

Valuation

P/E Ratio (TTM)

BHP (BHP) at 20.70 is near its industry’s usual P/E ratio, while ArcelorMittal (MT) at 44.51 sits in the richer quartile — MT 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

MT

Materials industry group

44.51

Max: 59.00
MT: 44.51
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

ArcelorMittal (MT) at 0.72 sits in the cheaper P/S ratio quartile while BHP (BHP) at 3.46 prices around its industry’s middle — MT costs less per dollar of sales, though read it alongside growth and margins.

BHP

Materials industry group

3.46

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

MT

Materials industry group

0.72

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
MT: 0.72
Min: 0.00

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

P/B Ratio (MRQ)

ArcelorMittal (MT) at 1.70 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

MT

Materials industry group

1.70

Max: 6.59
Q3: 3.55
Median: 2.08
MT: 1.70
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for BHP (BHP) and ArcelorMittal (MT)
Metric	BHP	MT
P/E Ratio (TTM)	20.70	44.51
P/S Ratio (TTM)	3.46	0.72
P/B Ratio (MRQ)	3.98	1.70
Free Cash Flow Yield (TTM)	4.72%	-1.75%