BHP Group Ltd key statistics and ratios

In fiscal 2026, BHP Group Ltd had return on equity of 19.9%, an operating margin of 40.6%, debt equal to 46.4% of equity and a current ratio of 1.88. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

BHP Group Ltd: financial ratios, annual
Fiscal year	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Operating margin	9.8%	35.1%	37.1%	36.4%	35.2%	44.8%	52.4%	42.6%	31.5%	38.0%	40.6%
Net margin	−22.4%	16.5%	8.6%	18.8%	20.4%	19.9%	47.5%	24.0%	14.2%	17.6%	16.7%
Free-cash-flow margin	17.2%	36.7%	31.3%	26.2%	25.0%	38.0%	40.4%	22.2%	21.3%	18.1%	20.3%
Return on equity	−10.6%	10.0%	6.6%	16.2%	16.7%	22.8%	64.2%	28.9%	17.7%	19.5%	19.9%
Return on assets	−5.4%	5.0%	3.2%	7.8%	7.7%	10.5%	30.3%	13.2%	7.8%	8.5%	8.5%
Asset turnover	0.24	0.30	0.38	0.41	0.38	0.53	0.64	0.55	0.55	0.49	0.51
Current ratio	—	1.85	2.51	1.89	1.45	1.63	1.69	1.23	1.70	1.46	1.88
Debt to equity	0.0%	51.7%	46.8%	51.0%	49.3%	33.3%	30.8%	43.4%	39.3%	45.2%	46.4%
Interest cover (operating income ÷ interest)	2.9x	11.1x	—	—	166.9x	—	—	176.4x	96.9x	115.2x	123.0x
Effective tax rate	—	39.9%	47.5%	36.7%	32.7%	43.7%	32.4%	33.1%	40.2%	39.3%	41.9%
Capital spending as % of revenue	20.0%	10.3%	11.5%	14.1%	15.4%	9.9%	9.0%	12.5%	15.8%	18.3%	16.8%
Free cash flow ÷ net income	—	222.5%	363.9%	139.9%	122.1%	191.3%	85.2%	92.6%	150.0%	103.0%	121.3%
Dividends and buybacks ÷ free cash flow	2.2%	0.8%	1.3%	44.9%	—	—	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · June 30, 2026

What it owns · $121.4bn

Short-term assets $31.0bnLonger-term assets $90.4bn

What it owes, and who funded it · $116.0bn

Short-term liabilities $16.5bnLonger-term liabilities $48.6bnShareholders' equity $50.9bn

Short-term assets cover short-term liabilities $31.0bn of assets due within a year against $16.5bn of liabilities due within a year.
Short-term assets cover long-term liabilities $31.0bn short-term assets against $48.6bn of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $23.9bn against $194m of interest.

From BHP Group Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from BHP Group Ltd's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to BHP Group Ltd.