BHP vs VALE: BHP Group Limited and Vale SA ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- BHP Group Limited is the larger company, worth $204.8B, about 3.7 times Vale SA ADR.
- Vale SA ADR grew revenue faster over the last year (+0.9% vs -7.9%).
- BHP Group Limited keeps more of each dollar of revenue as operating profit (38.0% vs 15.4%).
- On earnings, Vale SA ADR is the cheaper stock (19.6x vs 49.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BHP | VALE |
|---|---|---|
| Market cap | $204.8B | $55.2B |
| Share price | $86.74 | $13.62 |
| Revenue (last fiscal year) | $51.3B | $38.4B |
| Free cash flow (last fiscal year) | $9.3B | — |
| Revenue growth, last year | -7.9% | +0.9% |
| Revenue growth per year, last 5 fiscal years | -2.6% | -8.4% |
| Operating margin | 38.0% | 15.4% |
| Net margin | 17.6% | 6.1% |
| Return on equity | 18.9% | 6.0% |
| P/E (trailing) | 49.0x | 19.6x |
| Price / free cash flow | 22.1x | 18.0x |
| EV / EBITDA | 8.45x | 8.20x |
| FCF growth the price implies | 6.3% | — |
| Dividend yield | 1.6% | 41.5% |
| Debt / equity | 1.19x | 1.27x |
| Fundamental grade | C | D |
| Superinvestors holding it | 3 | 4 |
| Insider purchases, last 12 months | 2 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
BHP Group Limited
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $56.9B | $21.6B | 44.8% |
| 2022 | $65.1B | $26.3B | 52.4% |
| 2023 | $53.8B | $12.0B | 42.6% |
| 2024 | $55.7B | $11.8B | 31.5% |
| 2025 | $51.3B | $9.3B | 38.0% |
Vale SA ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $54.5B | $21.6B | 50.8% |
| 2022 | $43.8B | — | 39.3% |
| 2023 | $41.8B | — | 34.0% |
| 2024 | $38.1B | — | 28.3% |
| 2025 | $38.4B | — | 15.4% |
Where the revenue comes from
BHP Group Limited · by segments, 2026
Copper$29.0B50%
Iron Ore$23.9B41%
Coal$5.6B10%
Vale SA ADR · by segments, 2022
Iron Solutions$34.9B80%
Energy Transition Materials$8.4B19%
All other segments$525M1%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BHP in InvestinglyQuestions
Which is bigger, BHP Group Limited or Vale SA ADR?
BHP Group Limited (BHP), at $204.8B against $55.2B.
Is BHP or VALE cheaper?
By trailing P/E, Vale SA ADR (19.6x) is cheaper than BHP Group Limited (49.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, BHP or VALE?
Vale SA ADR: revenue grew +0.9% over the last year, against -7.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.