BHP Group Ltd Financials

BHPLF

FY2025 annual

Revenue $51.3B -7.9% YoY

Net Income $11.1B +16.1% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow $9.3B -21.6% YoY

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

BHP Group Ltd (BHPLF) reported $51.3B in revenue for fiscal year 2025, down 7.9% from the prior fiscal year. This page shows its 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 BHPLF FY2025 2026-08-15

Cash generation remains strong, but rising reinvestment needs now matter more than debt in determining usable cash.

FY2025 profit recovered from FY2024, yet free cash flow fell to $9.3B because capital expenditures kept absorbing more of the $18.7B generated from operations. The important read-through is that accounting earnings improved while cash left after sustaining the asset base tightened, so the income statement looked better than the distributable-cash picture.

Cash of $11.9B versus long-term debt of $2.3B leaves the company in a net cash posture. With interest expense only $169M, balance-sheet pressure comes less from lenders than from how much operating cash must be recycled into assets.

FY2025 revenue slipped to $51.3B while net margin rose to 21.7%, so earnings were not simply following sales direction. That pattern suggests profitability is highly sensitive to cost, mix, or other below-revenue factors, which makes payout capacity more variable than the top line alone would imply.

Financial Health Signals

Financial health score not available

BHP Group Ltd does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

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

Net Income

$11.1B

YoY+16.1%

5Y CAGR+5.0%

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

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$9.3B

YoY-21.6%

5Y CAGR-0.9%

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

Shares Outstanding

5.08B

YoY+0.1%

5Y CAGR+11.5%

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

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

21.7%

YoY+4.5pp

5Y CAGR-0.7pp

BHP Group Ltd'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 Ltd'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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$9.4B

YoY+6.6%

5Y CAGR+9.4%

BHP Group Ltd 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.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

BHPLF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BHPLF annual income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$51.3B-7.9%	$55.7B+3.4%	$53.8B-17.3%	$65.1B+14.4%	$56.9B+46.2%	$38.9B-12.1%	$44.3B+2.7%	$43.1B+20.7%	$35.7B+25.1%	$28.6B
Interest Expense	$169.0M-6.6%	$181.0M+39.2%	$130.0M+9.2%	$119.0M+16.7%	$102.0M+24.4%	$82.0M+74.5%	$47.0M-20.3%	$59.0M+104.2%	-$1.4B-39.9%	-$1.0B
Income Tax	$7.2B+11.8%	$6.4B-8.9%	$7.1B-34.1%	$10.7B+1.1%	$10.6B+152.9%	$4.2B-24.1%	$5.5B-21.1%	$7.0B+57.7%	$4.4B+111.3%	$2.1B
Net Income	$11.1B+16.1%	$9.6B-33.0%	$14.3B-56.7%	$33.1B+145.7%	$13.5B+54.0%	$8.7B-4.9%	$9.2B+90.4%	$4.8B-22.5%	$6.2B+200.2%	-$6.2B
EPS (Diluted)	N/A	$1.55-38.9%	$2.55-36.2%	$3.99+75.5%	$2.27+47.0%	$1.55-7.0%	$1.67+33.6%	$1.25+4.3%	$1.20	-$0.10

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.

BHPLF Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BHPLF annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$108.8B+6.3%	$102.4B+1.1%	$101.3B+6.4%	$95.2B-12.6%	$108.9B+3.0%	$105.7B+3.9%	$101.8B-9.1%	$112.0B-4.3%	$117.0B-1.6%	$119.0B
Current Assets	$22.8B-6.2%	$24.3B+4.2%	$23.4B-18.5%	$28.7B+7.4%	$26.7B+24.3%	$21.5B-8.1%	$23.4B-33.5%	$35.1B+66.8%	$21.1B	N/A
Cash & Equivalents	$11.9B-4.9%	$12.5B+0.6%	$12.4B-27.9%	$17.2B+13.1%	$15.2B+13.6%	$13.4B-14.0%	$15.6B-1.6%	$15.9B+12.1%	$14.2B+37.2%	$10.3B
Inventory	$5.5B-5.0%	$5.8B+11.6%	$5.2B+5.8%	$4.9B+11.5%	$4.4B+7.9%	$4.1B+6.8%	$3.8B+2.0%	$3.8B+2.5%	$3.7B	N/A
Accounts Receivable	$4.1B-20.4%	$5.2B+12.5%	$4.6B-15.3%	$5.4B-10.4%	$6.1B+80.1%	$3.4B-2.8%	$3.5B+11.8%	$3.1B+9.2%	$2.8B	N/A
Goodwill	$1.3B0.0%	$1.3B-3.5%	$1.4B+16.0%	$1.2B0.0%	$1.2B0.0%	$1.2B-26.3%	$1.6B+108.9%	$778.0M-80.4%	$4.0B-3.7%	$4.1B
Total Liabilities	$56.6B+6.3%	$53.2B+0.9%	$52.8B+13.7%	$46.4B-13.0%	$53.3B-0.4%	$53.6B+7.0%	$50.1B-2.5%	$51.3B-5.4%	$54.3B-7.8%	$58.9B
Current Liabilities	$15.6B+9.4%	$14.3B-24.9%	$19.0B+12.6%	$16.9B+3.1%	$16.4B+10.7%	$14.8B+20.1%	$12.3B-11.8%	$14.0B+23.1%	$11.4B	N/A
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+298.5%	$650.0M-97.5%	$26.0B-12.1%	$29.6B	N/A
Total Equity	$52.2B+6.3%	$49.1B+1.2%	$48.5B-0.5%	$48.8B-12.3%	$55.6B+6.6%	$52.2B+0.8%	$51.8B-14.7%	$60.7B-3.3%	$62.7B+4.4%	$60.1B
Retained Earnings	$42.7B+6.8%	$40.0B+0.4%	$39.8B-1.4%	$40.3B-13.8%	$46.8B+7.8%	$43.4B+1.3%	$42.8B-16.1%	$51.1B-3.0%	$52.6B	N/A

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

BHPLF Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BHPLF annual cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
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-12.1%	$17.9B-3.2%	$18.5B+9.9%	$16.8B+58.2%	$10.6B
Capital Expenditures	$9.4B+6.6%	$8.8B+30.9%	$6.7B+15.0%	$5.9B+4.3%	$5.6B-6.3%	$6.0B-4.1%	$6.3B+25.5%	$5.0B+34.7%	$3.7B-35.2%	$5.7B
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-16.4%	$11.6B-13.8%	$13.5B+2.9%	$13.1B+166.5%	$4.9B
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-392.1%	$2.6B+144.0%	-$5.9B-42.3%	-$4.2B+42.6%	-$7.2B
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+52.5%	-$20.5B-88.5%	-$10.9B-19.2%	-$9.1B-3315.8%	$284.0M
Dividends Paid	$6.4B-16.6%	$7.7B-42.2%	$13.3B-25.7%	$17.9B+125.9%	$7.9B+14.9%	$6.9B-39.7%	$11.4B+118.3%	$5.2B+78.7%	$2.9B-29.3%	$4.1B
Share Buybacks	N/A	N/A	$88.0M-40.9%	$149.0M-36.3%	$234.0M+63.6%	$143.0M-23.9%	$188.0M+9.9%	$171.0M+58.3%	$108.0M+1.9%	$106.0M

BHPLF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BHPLF annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Net Margin	21.7%+4.5pp	17.3%-9.4pp	26.6%-24.2pp	50.8%+27.2pp	23.6%+1.2pp	22.4%+1.7pp	20.7%+9.6pp	11.2%-6.2pp	17.4%+39.1pp	-21.7%
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%-1.0pp	17.8%+9.8pp	8.0%-2.0pp	9.9%+20.3pp	-10.3%
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%-0.8pp	9.0%+4.7pp	4.3%-1.0pp	5.3%+10.5pp	-5.2%
Current Ratio	1.46-0.2x	1.70+0.5x	1.23-0.5x	1.69+0.1x	1.63+0.2x	1.45-0.4x	1.89-0.6x	2.51+0.7x	1.85	N/A
Debt-to-Equity	0.040.0x	0.050.0x	0.050.0x	0.040.0x	0.050.0x	0.050.0x	0.01-0.4x	0.430.0x	0.47-0.5x	0.98
FCF Margin	18.1%-3.2pp	21.3%-0.9pp	22.2%-18.2pp	40.4%+2.4pp	38.0%+13.0pp	25.0%-1.3pp	26.2%-5.0pp	31.3%-5.4pp	36.7%+19.5pp	17.2%

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q2'20
Current Ratio	1.46-0.2x	1.70+0.5x	1.23-0.5x	1.690.0x	1.69+0.1x	1.63+0.2x	1.45-0.2x	1.62
Debt-to-Equity	0.040.0x	0.050.0x	0.05-0.8x	0.89+0.8x	0.040.0x	0.050.0x	0.050.0x	0.04

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Where BHP Group Ltd Ranks

Frequently Asked Questions

What is BHP Group Ltd's annual revenue?

BHP Group Ltd (BHPLF) 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 Ltd's revenue growing?

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

Is BHP Group Ltd profitable?

Yes, BHP Group Ltd (BHPLF) 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 Ltd have?

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

What is BHP Group Ltd's net profit margin?

BHP Group Ltd (BHPLF) 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 Ltd's return on equity (ROE)?

BHP Group Ltd (BHPLF) 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 Ltd's free cash flow?

BHP Group Ltd (BHPLF) 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 Ltd's operating cash flow?

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

What are BHP Group Ltd's total assets?

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

What are BHP Group Ltd's capital expenditures?

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

How many shares does BHP Group Ltd have outstanding?

BHP Group Ltd (BHPLF) had 5.08B shares outstanding as of fiscal year 2025.

What is BHP Group Ltd's current ratio?

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

What is BHP Group Ltd's debt-to-equity ratio?

BHP Group Ltd (BHPLF) 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 Ltd's return on assets (ROA)?

BHP Group Ltd (BHPLF) 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 Ltd's Piotroski F-Score?

BHP Group Ltd (BHPLF) 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 Ltd's earnings high quality?

BHP Group Ltd (BHPLF) 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.