Bhp Group Limited Financials

BHP

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2025 Currency USD FYE June

This page shows Bhp Group Limited (BHP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BHP FY2025 2026-04-22

BHP’s cash-generative asset base still produces profits, but rising reinvestment needs are consuming more of that cash.

From FY2022 to FY2025, operating cash weakened while capital spending rose, pushing free cash flow from $26.3B to $9.3B. That helps explain why FY2025 earnings recovered without a matching cash rebound: more of the operating engine is being reinvested before it can become distributable cash.

The balance sheet is still unusually light on leverage: long-term debt sits at $2.3B against equity of $52.2B, so interest costs are not what is constraining shareholder cash. Liquidity also remains workable at 1.5x current ratio even with cash at $11.9B, which means the investment burden is being carried from a position of balance-sheet flexibility.

Reported profit and shareholder cash have diverged: net margin improved from 17.3% to 21.7% in FY2025, yet free cash flow stayed compressed because capex kept climbing. Dividends have adapted to that tighter cash equation, dropping from $17.9B in FY2022 to $6.4B in FY2025, which shows payouts are being set after reinvestment needs rather than before them.

Financial Health Signals

Financial Health Score 39/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Bhp Group Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Bhp Group Limited's revenue declined 7.9% year-over-year, from $55.7B to $51.3B. This contraction results in a growth score of 24/100.

Leverage

Bhp Group Limited carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Bhp Group Limited's current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Bhp Group Limited converts 18.1% of revenue into free cash flow ($9.3B). This strong cash generation earns a score of 87/100.

Piotroski F-Score Partial

5/8

Bhp Group Limited passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.68x

For every $1 of reported earnings, Bhp Group Limited generates $1.68 in operating cash flow ($18.7B OCF vs $11.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$51.3B

YoY-7.9%

5Y CAGR+5.7%

Bhp Group Limited generated $51.3B in revenue in fiscal year 2025. This represents a decrease of 7.9% from the prior year.

EBITDA

N/A

Net Income

$11.1B

YoY+16.1%

5Y CAGR+5.0%

Bhp Group Limited reported $11.1B in net income in fiscal year 2025. This represents an increase of 16.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$9.3B

YoY-21.6%

5Y CAGR-0.9%

Bhp Group Limited generated $9.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 21.6% from the prior year.

Cash & Debt

$11.9B

YoY-4.9%

5Y CAGR-2.4%

Bhp Group Limited held $11.9B in cash against $2.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

5.08B

YoY+0.1%

5Y CAGR+11.5%

Bhp Group Limited had 5.08B shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

21.7%

YoY+4.5pp

5Y CAGR-0.7pp

Bhp Group Limited's net profit margin was 21.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.5 percentage points from the prior year.

Return on Equity

21.3%

YoY+1.8pp

5Y CAGR+4.6pp

Bhp Group Limited's ROE was 21.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$9.4B

YoY+6.6%

5Y CAGR+9.4%

Bhp Group Limited invested $9.4B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.6% from the prior year.

BHP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$51.3B-7.9%	$55.7B+3.4%	$53.8B-17.3%	$65.1B+14.4%	$56.9B+46.2%	$38.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$169.0M-6.6%	$181.0M+39.2%	$130.0M+9.2%	$119.0M+16.7%	$102.0M+24.4%	$82.0M
Income Tax	$7.2B+11.8%	$6.4B-8.9%	$7.1B-34.1%	$10.7B+1.1%	$10.6B+152.9%	$4.2B
Net Income	$11.1B+16.1%	$9.6B-33.0%	$14.3B-56.7%	$33.1B+145.7%	$13.5B+54.0%	$8.7B
EPS (Diluted)	N/A	$1.55-38.9%	$2.55-36.2%	$3.99+75.5%	$2.27+47.0%	$1.55

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q2'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BHP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$108.8B+6.3%	$102.4B+1.1%	$101.3B+6.4%	$95.2B-12.6%	$108.9B+3.0%	$105.7B
Current Assets	$22.8B-6.2%	$24.3B+4.2%	$23.4B-18.5%	$28.7B+7.4%	$26.7B+24.3%	$21.5B
Cash & Equivalents	$11.9B-4.9%	$12.5B+0.6%	$12.4B-27.9%	$17.2B+13.1%	$15.2B+13.6%	$13.4B
Inventory	$5.5B-5.0%	$5.8B+11.6%	$5.2B+5.8%	$4.9B+11.5%	$4.4B+7.9%	$4.1B
Accounts Receivable	$4.1B-20.4%	$5.2B+12.5%	$4.6B-15.3%	$5.4B-10.4%	$6.1B+80.1%	$3.4B
Goodwill	$1.3B0.0%	$1.3B-3.5%	$1.4B+16.0%	$1.2B0.0%	$1.2B0.0%	$1.2B
Total Liabilities	$56.6B+6.3%	$53.2B+0.9%	$52.8B+13.7%	$46.4B-13.0%	$53.3B-0.4%	$53.6B
Current Liabilities	$15.6B+9.4%	$14.3B-24.9%	$19.0B+12.6%	$16.9B+3.1%	$16.4B+10.7%	$14.8B
Long-Term Debt	$2.3B-4.9%	$2.4B-2.7%	$2.5B+21.4%	$2.1B-31.6%	$3.0B+16.1%	$2.6B
Total Equity	$52.2B+6.3%	$49.1B+1.2%	$48.5B-0.5%	$48.8B-12.3%	$55.6B+6.6%	$52.2B
Retained Earnings	$42.7B+6.8%	$40.0B+0.4%	$39.8B-1.4%	$40.3B-13.8%	$46.8B+7.8%	$43.4B

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q2'20
Total Assets	$108.8B+6.3%	$102.4B+1.1%	$101.3B+15.3%	$87.8B-7.7%	$95.2B-12.6%	$108.9B+3.0%	$105.7B+3.4%	$102.3B
Current Assets	$22.8B-6.2%	$24.3B+4.2%	$23.4B+16.2%	$20.1B-29.9%	$28.7B+7.4%	$26.7B+24.3%	$21.5B-3.5%	$22.2B
Cash & Equivalents	$11.9B-4.9%	$12.5B+0.6%	$12.4B+29.4%	$9.6B-44.3%	$17.2B+13.1%	$15.2B+13.6%	$13.4B-6.2%	$14.3B
Inventory	$5.5B-5.0%	$5.8B+11.6%	$5.2B+6.3%	$4.9B-0.5%	$4.9B+11.5%	$4.4B+7.9%	$4.1B+4.1%	$3.9B
Accounts Receivable	$4.1B-20.4%	$5.2B+12.5%	$4.6B+1.7%	$4.5B-16.7%	$5.4B-10.4%	$6.1B+80.1%	$3.4B-6.4%	$3.6B
Goodwill	$1.3B0.0%	$1.3B-3.5%	$1.4B-0.6%	$1.4B+16.7%	$1.2B0.0%	$1.2B0.0%	$1.2B+78.7%	$670.0M
Total Liabilities	$56.6B+6.3%	$53.2B+0.9%	$52.8B+27.8%	$41.3B-11.1%	$46.4B-13.0%	$53.3B-0.4%	$53.6B+7.4%	$49.9B
Current Liabilities	$15.6B+9.4%	$14.3B-24.9%	$19.0B+60.2%	$11.9B-29.7%	$16.9B+3.1%	$16.4B+10.7%	$14.8B+7.7%	$13.8B
Long-Term Debt	$2.3B-4.9%	$2.4B-2.7%	$2.5B	N/A	$2.1B-31.6%	$3.0B+16.1%	$2.6B+27.6%	$2.0B
Total Equity	$52.2B+6.3%	$49.1B+1.2%	$48.5B+4.2%	$46.6B-4.5%	$48.8B-12.3%	$55.6B+6.6%	$52.2B-0.5%	$52.4B
Retained Earnings	$42.7B+6.8%	$40.0B+0.4%	$39.8B+4.9%	$37.9B-6.0%	$40.3B-13.8%	$46.8B+7.8%	$43.4B-0.7%	$43.7B

BHP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$18.7B-9.5%	$20.7B+10.5%	$18.7B-41.9%	$32.2B+18.1%	$27.2B+73.4%	$15.7B
Capital Expenditures	$9.4B+6.6%	$8.8B+30.9%	$6.7B+15.0%	$5.9B+4.3%	$5.6B-6.3%	$6.0B
Free Cash Flow	$9.3B-21.6%	$11.8B-1.0%	$12.0B-54.5%	$26.3B+21.7%	$21.6B+122.6%	$9.7B
Investing Cash Flow	-$13.3B-52.4%	-$8.8B+32.9%	-$13.1B-87.7%	-$7.0B+11.3%	-$7.8B-3.0%	-$7.6B
Financing Cash Flow	-$6.0B+48.8%	-$11.7B-13.1%	-$10.3B+54.7%	-$22.8B-27.0%	-$17.9B-83.8%	-$9.8B
Dividends Paid	$6.4B-16.6%	$7.7B-42.2%	$13.3B-25.7%	$17.9B+125.9%	$7.9B+14.9%	$6.9B
Share Buybacks	N/A	N/A	$88.0M-40.9%	$149.0M-36.3%	$234.0M+63.6%	$143.0M

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q2'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BHP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	21.7%+4.5pp	17.3%-9.4pp	26.6%-24.2pp	50.8%+27.2pp	23.6%+1.2pp	22.4%
Return on Equity	21.3%+1.8pp	19.6%-10.0pp	29.5%-38.3pp	67.8%+43.6pp	24.2%+7.5pp	16.7%
Return on Assets	10.2%+0.9pp	9.4%-4.8pp	14.1%-20.6pp	34.7%+22.4pp	12.3%+4.1pp	8.3%
Current Ratio	1.46-0.2	1.70+0.5	1.23-0.5	1.69+0.1	1.63+0.2	1.45
Debt-to-Equity	0.040.0	0.050.0	0.050.0	0.04-0.0	0.050.0	0.05
FCF Margin	18.1%-3.2pp	21.3%-0.9pp	22.2%-18.2pp	40.4%+2.4pp	38.0%+13.0pp	25.0%

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q2'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.46-0.2	1.70+0.5	1.23-0.5	1.690.0	1.69+0.1	1.63+0.2	1.45-0.2	1.62
Debt-to-Equity	0.040.0	0.050.0	0.05-0.8	0.89+0.8	0.04-0.0	0.050.0	0.05+0.0	0.04
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Bhp Group Limited's annual revenue?

Bhp Group Limited (BHP) reported $51.3B in total revenue for fiscal year 2025. This represents a -7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bhp Group Limited's revenue growing?

Bhp Group Limited (BHP) revenue declined by 7.9% year-over-year, from $55.7B to $51.3B in fiscal year 2025.

Is Bhp Group Limited profitable?

Yes, Bhp Group Limited (BHP) reported a net income of $11.1B in fiscal year 2025, with a net profit margin of 21.7%.

How much debt does Bhp Group Limited have?

As of fiscal year 2025, Bhp Group Limited (BHP) had $11.9B in cash and equivalents against $2.3B in long-term debt.

What is Bhp Group Limited's net profit margin?

Bhp Group Limited (BHP) had a net profit margin of 21.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Bhp Group Limited's return on equity (ROE)?

Bhp Group Limited (BHP) has a return on equity of 21.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bhp Group Limited's free cash flow?

Bhp Group Limited (BHP) generated $9.3B in free cash flow during fiscal year 2025. This represents a -21.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bhp Group Limited's operating cash flow?

Bhp Group Limited (BHP) generated $18.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bhp Group Limited's total assets?

Bhp Group Limited (BHP) had $108.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bhp Group Limited's capital expenditures?

Bhp Group Limited (BHP) invested $9.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Bhp Group Limited have outstanding?

Bhp Group Limited (BHP) had 5.08B shares outstanding as of fiscal year 2025.

What is Bhp Group Limited's current ratio?

Bhp Group Limited (BHP) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.

What is Bhp Group Limited's debt-to-equity ratio?

Bhp Group Limited (BHP) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bhp Group Limited's return on assets (ROA)?

Bhp Group Limited (BHP) had a return on assets of 10.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bhp Group Limited's Piotroski F-Score?

Bhp Group Limited (BHP) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bhp Group Limited's earnings high quality?

Bhp Group Limited (BHP) has an earnings quality ratio of 1.68x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bhp Group Limited?

Bhp Group Limited (BHP) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.