BHP Group Limited

BHPLF

Industrial Materials · Basic Materials

Price

$43.40

+0.00 (+0.00%)

Market Cap

$220.50B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 9, 2026 · filings through Dec 31, 2025

BHP Group is one of the largest mining companies in the world. It digs up and sells raw materials like iron ore, copper, and coal, which are used to make steel, electronics, and energy. Its main customers are steel mills and manufacturers, mostly in China and other parts of Asia.

BHP makes money by selling these mined commodities at market prices, so its revenue rises and falls with global demand and commodity prices. The company operates primarily in Australia and the Americas, and its massive scale and low-cost mines give it a cost advantage over smaller rivals. Its high gross margin reflects how efficiently it extracts resources relative to what it earns selling them. The biggest growth driver is copper, which is in high demand for electric vehicles and power grids, but the main risk is that commodity prices can drop sharply during global economic slowdowns, which would hurt profits significantly.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.9% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+29.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

3.1%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$19.3B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

BHP Group Limited is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.3% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 5.07B (2021) → 5.08B (2025)

Score breakdown

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Quality

Gross Margin

42.8%

Healthy — 42.8% gross margin

Operating Margin

42.8%

Excellent — 42.8% operating margin

ROCE

15.5%

Strong — 15.5% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales YoY

+1.4%

Nearly flat sales (+1.4% YoY)

EPS YoY

-8.9%

Earnings shrinking (-8.9% YoY)

Slight earnings drop. Typical near a cyclical low.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

193%

Turns 193% of profit into real cash

FCF Margin

18.7%

Converts sales into free cash efficiently (18.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity

0.56

Conservative — low debt load (0.56)

Interest Cover

25.53x

Comfortably covers interest (25.5x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

21.3x

Growth-priced — P/E 21.3

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+4.2

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (21.3 → 17.1)

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Dividends

Dividend Yield

3.25%

Moderate income — 3.25% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

-38.4%

Dividend cut (-38.4% YoY) — warning sign

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