$148B
BHP Group Limited
last updated: 2026-04-24
$51.3B
27.81x
3.2%
Research Reports
Company Overview
Company Introduction:
BHP Group Limited is one of the world's largest diversified resources companies, headquartered in Melbourne, Australia. The company operates as a leading global producer of iron ore, copper, nickel, potash, and energy commodities including oil and gas, serving markets across Asia Pacific, Europe, and the Americas. In fiscal year 2025, BHP generated total revenue of US$51.3 billion, with China representing the dominant customer base at US$32.1 billion in sales, reflecting the company's strategic positioning as a primary supplier to the world's largest metals-consuming economy.
Founding and History: BHP traces its origins to August 13, 1885, when it was registered in Victoria as Broken Hill Proprietary Company Limited, named after the silver-lead-zinc deposit discovered in New South Wales in 1883. The company operated the world's richest silver mine at Broken Hill until 1939. BHP pivoted toward steel production beginning in 1900, opening iron mines near Spencer Gulf and establishing the Newcastle Iron and Steel Works in 1915, eventually becoming responsible for virtually all Australian iron and steel production. The company's petroleum exploration commenced in 1954, with active drilling beginning in 1964 through a collaboration with Esso Exploration Australia.
Key Financials
Income Statement (US$M)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 51,262 | 55,658 | 53,817 | 65,098 | 56,921 |
| Profit Before Tax | 18,353 | 16,048 | 21,401 | 33,137 | 24,292 |
| Net Income | 11,143 | 9,601 | 14,324 | 33,055 | 13,451 |
| Interest Expense | 1,494 | 1,648 | 1,127 | 610 | 709 |
| Depreciation & Amortisation | 5,540 | 5,295 | 5,061 | 5,683 | 5,084 |
Balance Sheet (US$M)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Net Assets | 52,218 | 49,120 | 48,530 | 48,766 | 55,605 |
| Property, Plant & Equipment | 76,457 | 71,629 | 71,818 | 61,295 | 73,813 |
| Cash & Equivalents | 11,894 | 12,501 | 12,428 | 17,236 | 15,246 |
| Loans & Borrowings | 21,543 | 17,602 | 19,326 | 13,852 | 17,087 |
| Total Current Assets | 22,830 | 24,338 | 23,351 | 28,664 | 26,693 |
| Total Current Liabilities | 15,639 | 14,296 | 19,043 | 16,919 | 16,403 |
Cash Flow (US$M)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Depreciation | 5,429 | 5,188 | 4,967 | 5,623 | 4,991 |
Related Companies
| Company | Ticker | Recommendation | Price Target | P/E Ratio | EV/EBITDA | Revenue (FY25) | Sector |
|---|---|---|---|---|---|---|---|
| BHP Group Limited | BHP.AX | SELL | $44.45 | 27.81x | N/A | $51.3B | Mining / Diversified |
| Rio Tinto Limited | RIO.AX | HOLD | $98.00 | 28.34x | N/A | $57.6B | Mining / Diversified |
| Fortescue Limited | FMG.AX | BUY | $15.20 | 17.12x | N/A | $15.5B | Mining / Iron Ore |
| Mineral Resources Limited | MIN.AX | HOLD | $52.00 | 28.65x | N/A | $4.5B | Mining / Iron Ore |
| IGO Limited | IGO.AX | BUY | $18.50 | N/A | N/A | $0.5B | Mining / Nickel |