BHP vs. PPG: BHP vs. PPG Industries Stock Comparison

November 11, 2026

How do BHP (BHP) and PPG Industries (PPG) 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 PPG Industries (PPG) both fall under the Materials industry group, but BHP is classified in Metals & Mining while PPG is classified in Chemicals.

PPG Industries (PPG) 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 PPG Industries (PPG)
Profile Item	BHP	PPG
Name	BHP Group Ltd. Sponsored ADR	PPG Industries, Inc.
Country/Region	Australia	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Chemicals
GICS Sub-Industry	Diversified Metals & Mining	Specialty Chemicals
Market Capitalization	203.04 billion USD	27.03 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BHP

PPG

GSPC

BHP (BHP) vs. PPG Industries (PPG), 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 PPG Industries (PPG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
Total Return (1Y)	55.75%	33.84%
Total Return (3Y, Annualized)	17.27%	1.70%
Total Return (5Y, Annualized)	18.05%	-2.93%

Risk Profile

Drawdown History

BHP

PPG

GSPC

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

Risk Metrics

Risk profile metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
Volatility (1Y, Annualized)	34.60%	31.28%
Beta (5Y)	0.77	0.97
Max Drawdown (5Y)	-37.21%	-43.55%
Avg. Volume (3M)	2.84M	1.73M

Risk-Adjusted Performance

Risk-Return Positioning

BHP and PPG 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 PPG Industries (PPG)
Metric	BHP	PPG
Sharpe Ratio (1Y)	1.49	0.95
Sortino Ratio (1Y)	2.22	1.45

Profitability

ROE (TTM)

BHP (BHP) at 24.00% sits in the top ROE quartile, while PPG Industries (PPG) at 19.49% 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%

PPG

Materials industry group

19.49%

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

BHP (BHP) vs. PPG Industries (PPG): 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 PPG Industries (PPG) at 9.41%, 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%

PPG

Materials industry group

9.41%

Max: 38.66%
Q3: 15.98%
PPG: 9.41%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

BHP (BHP) vs. PPG Industries (PPG): 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 PPG Industries (PPG) at 14.66%, 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%

PPG

Materials industry group

14.66%

Max: 66.70%
Q3: 28.92%
PPG: 14.66%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
ROE (TTM)	24.00%	19.49%
ROA (TTM)	13.43%	6.22%
Net Margin (TTM)	16.73%	9.41%
Operating Margin (TTM)	43.34%	14.66%
Gross Margin (TTM)	85.92%	41.18%

Growth

Revenue Growth

Both BHP (BHP) at 14.63% and PPG Industries (PPG) at 0.19% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both BHP (BHP) at 8.91% and PPG Industries (PPG) at 46.11% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
Revenue Growth (YoY)	14.63%	0.19%
Revenue Growth (3Y CAGR)	2.97%	0.55%
EPS Growth (YoY)	8.91%	46.11%
EPS Growth (3Y CAGR)	-8.80%	17.12%

Financial Strength

Current Ratio (MRQ)

Both BHP (BHP) at 1.89 and PPG Industries (PPG) at 1.58 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

PPG

Materials industry group

1.58

Max: 5.96
Q3: 3.30
Median: 2.24
PPG: 1.58
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Both BHP (BHP) at 0.50 and PPG Industries (PPG) at 0.87 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

PPG

Materials industry group

0.87

Max: 1.98
Q3: 0.89
PPG: 0.87
Median: 0.47
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
Current Ratio (MRQ)	1.89	1.58
Debt / Equity (MRQ)	0.50	0.87
Net Debt / EBITDA	0.33	2.11

Dividends

Dividend Yield (TTM)

Both BHP (BHP) at 2.19% and PPG Industries (PPG) at 2.33% offer top-quartile dividend income relative to share price within their industries.

BHP

Materials industry group

2.19%

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

PPG

Materials industry group

2.33%

Max: 4.52%
PPG: 2.33%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

PPG Industries (PPG) at 40.31% 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%

PPG

Materials industry group

40.31%

Max: 83.62%
Q3: 41.37%
PPG: 40.31%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
Dividend Yield (TTM)	2.19%	2.33%
Dividend Payout Ratio (TTM)	68.84%	40.31%

Valuation

P/E Ratio (TTM)

Both BHP (BHP) at 20.70 and PPG Industries (PPG) at 17.19 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BHP

Materials industry group

20.70

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

PPG

Materials industry group

17.19

Max: 59.00
Q3: 32.93
Median: 18.82
PPG: 17.19
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

On P/S ratio, both BHP (BHP) at 3.46 and PPG Industries (PPG) at 1.62 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

BHP

Materials industry group

3.46

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

PPG

Materials industry group

1.62

Max: 9.62
Q3: 4.34
Median: 1.87
PPG: 1.62
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

PPG Industries (PPG) at 3.19 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

PPG

Materials industry group

3.19

Max: 6.59
Q3: 3.55
PPG: 3.19
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for BHP (BHP) and PPG Industries (PPG)
Metric	BHP	PPG
P/E Ratio (TTM)	20.70	17.19
P/S Ratio (TTM)	3.46	1.62
P/B Ratio (MRQ)	3.98	3.19
Free Cash Flow Yield (TTM)	4.72%	4.06%