BHP Group Limited
- Open
- 96.07
- Day high
- 96.11
- Day low
- 93.82
- Prev close
- 95.15
- Volume
- 2.0M
- Mkt cap
- $238.7B
- P/E (TTM)
- 12.6
- EPS (TTM)
- $7.46
- P/B
- 4.7
- P/S
- 2.2
- Yield
- 2.80%
- Per share
- $2.63
- ▼Insiders net selling -$315K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
BHP Group Limited (BHP) is a Basic Materials company listed on NYSE. The stock is up 69% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 8 published research articles covering BHP.
BHP Group Limited (BHP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BHP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 17, 2026 | $2.67 | $2.76 | +3.4% | $31.2B | +3.1% |
| Feb 16, 2026 | $2.41 | $2.24 | -7.1% | $27.9B | +2.0% |
| Aug 18, 2025 | $2.09 | $2.12 | +1.4% | $26.0B | -0.3% |
| Feb 17, 2025 | $1.98 | $1.74 | -12.1% | $25.2B | +0.5% |
| Apr 17, 2024 | $2.61 | $0.37 | -86.0% | $27.2B | +0.3% |
| Feb 21, 2023 | $2.72 | $2.55 | -6.3% | $26.0B | +2.5% |
| Aug 16, 2022 | $4.51 | $8.46 | +87.6% | $34.6B | -2.6% |
| Jan 4, 2022 | $3.42 | $3.72 | +8.8% | $30.8B | +0.5% |
| Aug 16, 2021 | $4.24 | $2.93 | -30.9% | $33.1B | -2.3% |
| Dec 31, 2020 | $2.11 | $1.53 | -27.5% | $24.2B | -5.3% |
| Sep 22, 2020 | $1.52 | $1.22 | -19.7% | $20.8B | -2.3% |
| Dec 31, 2019 | $1.89 | $1.92 | +1.6% | $22.5B | -2.0% |
BHP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 25, 2026 | Stone Emma Kateofficer: Group Financial Controller | Sell | 6,774 | $46.57 |
| Jul 6, 2026 | Stone Emma Kateofficer: Group Financial Controller | Grant | 32 | $40.74 |
| Apr 6, 2026 | Stone Emma Kateofficer: Group Financial Controller | Grant | 37 | $34.47 |
Source: BHP SEC Form 4 filings, latest Aug 25, 2026. For informational purposes only — not investment advice.
See the full BHP insider & 13F page →BHP research & analysis
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China's bid to dominate the $190B critical minerals market pressures lithium producers like ALB and SQM but favors diversified copper giants BHP, RIO, and FCX, plus U.S. rare earth play MP. Backed by fresh financials and earnings guidance, the thesis ranks clear winners amid supply risks.
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The Qatar alumina supply disruption creates a meaningful but manageable gap in seaborne markets. Alcoa's ~2 million tonne trading book offers the fastest response, Rio Tinto's vertically integrated system is neutral to slightly negative for external supply, and Chinese exports act as a price ceiling rather than structural replacement. Medium-term relief depends on Indian and Indonesian refinery buildouts over 2026–2028.
AARIOACH
BHP Group Limited company profile
Overview
BHP Group Limited (ASX:BHP) is one of the world's largest mining companies, tracing its origins back to 1851 when it was founded as the Broken Hill Proprietary Company in Australia. The company has evolved through numerous mergers and acquisitions over more than 170 years to become a global resources giant. Today, BHP operates as a dual-listed company with primary listings on the Australian Securities Exchange and London Stock Exchange, headquartered in Melbourne, Australia. The company has established itself as a leading producer of essential commodities including iron ore, copper, coal, nickel, and potash, with operations spanning Australia, the Americas, and other regions globally.
Business
BHP operates in the global mining and resources extraction industry, focusing on extracting, processing, and marketing mineral commodities that are essential for modern civilization and the global economy. The company's business is organized around three primary operating segments that reflect different commodity markets and extraction methods. Iron Ore Operations represent BHP's largest and most profitable segment, generating approximately 60-65% of total revenue. The company operates primarily in Western Australia's Pilbara region, where it extracts iron ore through large-scale open-pit mining operations. Iron ore is the primary raw material used in steel production, making it fundamental to construction, infrastructure development, and manufacturing industries worldwide. BHP has achieved record production levels and maintains its position as the world's lowest-cost iron ore producer with C1 costs around $15.84 per ton. Copper Operations constitute the second-largest segment, contributing roughly 25-30% of revenue. BHP mines copper through both open-pit and underground operations across multiple locations including Chile's Escondida mine (the world's largest copper mine), Australia, and Peru. Copper is essential for electrical infrastructure, renewable energy systems, electric vehicles, and electronics, making it a critical metal for the global energy transition. The company has been expanding its copper production capacity, achieving its highest production levels in over 15 years. Coal Operations include both metallurgical coal (used in steel production) and energy coal (used for electricity generation), representing approximately 10-15% of revenue. BHP operates coal mines primarily in Australia through its BMA (BHP Mitsubishi Alliance) joint venture in Queensland and New South Wales operations. While the company is managing its energy coal assets for value until 2030, it continues to focus on metallurgical coal as an essential input for steel production. The company also has smaller operations in nickel (currently suspended due to market conditions), potash (through the developing Jansen project in Canada), and other minerals including uranium, gold, zinc, and silver.
Revenue model
BHP generates revenue primarily through the direct sale of extracted and processed mineral commodities to industrial customers, steel producers, and commodity traders worldwide. The company operates on a product sales business model where it extracts raw materials from owned or controlled mining assets, processes them to meet customer specifications, and sells them at market prices that fluctuate based on global supply and demand dynamics. The company's customers include major steel producers (particularly in China, Japan, and South Korea for iron ore), copper refiners and manufacturers, and energy companies. China represents BHP's largest single market, accounting for a significant portion of iron ore sales given the country's massive steel production capacity. The company also serves customers across Europe, North America, and other Asian markets. BHP's profitability is heavily influenced by global commodity price cycles, which are driven by macroeconomic factors including economic growth rates, infrastructure spending, and industrial demand. The company benefits from its position as a low-cost producer, which provides margin protection during commodity price downturns. Factors that increase margins include strong global economic growth (particularly in China), infrastructure development programs, the energy transition driving copper and nickel demand, and supply disruptions affecting competitors. Conversely, margin pressures arise from economic slowdowns, reduced industrial demand, increased competition from new mining projects, rising input costs (labor, energy, equipment), regulatory changes, environmental compliance costs, and currency fluctuations since the company reports in US dollars but incurs costs in local currencies. The company's substantial scale and operational efficiency help maintain competitive advantages, with iron ore operations achieving industry-leading EBITDA margins of 67% and copper operations maintaining margins around 47-51%.
Competitive moat
BHP possesses a substantial economic moat built on several competitive advantages that are difficult for competitors to replicate. The company's primary moat stems from its ownership of world-class, low-cost mineral reserves in geologically favorable locations. Its Pilbara iron ore operations in Western Australia represent some of the highest-grade, lowest-cost iron ore deposits globally, providing sustainable cost advantages that have enabled the company to maintain profitability even during commodity downturns. The company's scale advantages create significant barriers to entry, as developing competing mining operations requires massive capital investments (often $5-20 billion for major projects), multi-year development timelines, and complex regulatory approvals. BHP's established infrastructure including railways, ports, processing facilities, and logistics networks would be extremely costly for new entrants to duplicate. The company's operational expertise, accumulated over 170+ years, provides technological and process advantages that enhance productivity and safety. However, BHP's moat faces several challenges. The company operates in cyclical commodity markets where prices are largely beyond its control, making it vulnerable to global economic fluctuations and demand changes. The increasing focus on environmental sustainability and carbon reduction poses long-term risks to coal operations and creates pressure for costly emissions reduction investments. Additionally, resource nationalism and changing government policies in operating jurisdictions could impact future operations through higher taxes, royalties, or operational restrictions. Competition comes primarily from other large-scale miners like Rio Tinto, Vale, and Glencore, though BHP's scale and cost position provide defensive advantages. The most significant long-term disruption risk comes from potential demand destruction, particularly if steel production technologies evolve to require less iron ore or if electric vehicle adoption significantly reduces copper demand growth expectations.
Risks & safety
BHP demonstrates a strong margin of safety with robust financial metrics and conservative capital structure, though commodity price volatility creates inherent risks. • Financial Strength: Current ratio of 1.70 indicates solid short-term liquidity, with $12.4 billion in cash and short-term investments providing substantial financial flexibility. Debt-to-equity ratio of 0.44 represents moderate leverage that is well-manageable given strong cash generation. • Cash Generation: Strong free cash flow of $11.8 billion annually demonstrates the company's ability to generate cash even in challenging market conditions. Operating cash flow of $20.7 billion provides significant buffer for capital expenditures and dividend payments. • Valuation Metrics: Trading at attractive valuation multiples with P/E ratio of 18.6, EV/EBITDA of 12.8, and price-to-book ratio of 3.27. These metrics suggest reasonable valuation relative to earnings and asset base. • Dividend Coverage: Maintains 50% minimum dividend payout policy, with total dividends of $7.4 billion well-covered by earnings, providing income sustainability. • Risk Considerations: Primary risks include commodity price volatility, exposure to China's economic performance, regulatory changes in operating jurisdictions, and long-term energy transition impacts on fossil fuel-related operations.
Recent development
Over the past few years, BHP has executed a significant strategic transformation focused on positioning the company for the global energy transition while maintaining its core strengths in iron ore and expanding copper production. The company completed a major portfolio reshaping by merging its petroleum business with Woodside and divesting coal assets including Cerrejon and BMC, allowing management to focus resources on future-facing commodities. The most significant development has been BHP's aggressive expansion into copper production across multiple geographic regions. The company acquired OZ Minerals to create a new copper province in South Australia, completed a joint venture with Lundin Mining for the Filo and Josemaria copper projects in Argentina, and is advancing expansion options in Chile. These initiatives aim to increase copper production substantially, with South Australia alone targeted to produce over 500,000 tonnes annually. BHP approved and is advancing the Jansen potash project in Canada, representing the company's entry into the agricultural fertilizer market. The project's first stage is expected to begin production in late 2026, with potential for additional stages as the company positions itself in the growing global fertilizer market driven by food security concerns and population growth. The company has also made substantial commitments to sustainability and operational excellence, achieving a 32% reduction in operational greenhouse gas emissions from its 2020 baseline while increasing female workforce participation to over 37%. BHP has unified its corporate structure and increased capital expenditure to approximately $11 billion annually to fund growth projects, with 70% of future capital allocated to future-facing commodities including copper, nickel, and potash.
BHP company profile · for informational purposes only — not investment advice.
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