BHP Group Limited (BHP) financial statements
BHP Group Limited reported revenue of $51.3B in fiscal 2025, up 6.7% a year over 9 years.
Net income was $9.0B and the operating margin 38.0%, against 9.8% in 2016.
Free cash flow was $9.3B, and the company returned $8.2B in dividends.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from BHP Group Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.6B | $35.7B | $43.1B | $44.3B | $38.9B | $56.9B | $65.1B | $53.8B | $55.7B | $51.3B |
| Operating income | $2.8B | $12.6B | $16.0B | $16.1B | $13.7B | $25.5B | $34.1B | $22.9B | $17.5B | $19.5B |
| Interest expense | $969M | $1.1B | $1.2B | $1.5B | $1.2B | $1.3B | $1.1B | $2.1B | $2.2B | $1.8B |
| Pre-tax income | $1.8B | $11.1B | $14.8B | $15.0B | $12.8B | $24.3B | $33.1B | $21.4B | $16.0B | $18.4B |
| Income tax | $2.1B | $4.4B | $7.0B | $5.5B | $4.2B | $10.6B | $10.7B | $7.1B | $6.4B | $7.2B |
| Net income | -$6.4B | $5.9B | $3.7B | $8.3B | $8.0B | $11.3B | $30.9B | $12.9B | $7.9B | $9.0B |
| EPS (diluted) | -$1.20 | $1.10 | $0.69 | $1.60 | $1.57 | $2.23 | $6.09 | $2.55 | $1.55 | $1.77 |
| Diluted shares | 5.32B | 5.34B | 5.34B | 5.19B | 5.07B | 5.07B | 5.07B | 5.07B | 5.08B | 5.08B |
| Operating margin | 9.8% | 35.1% | 37.1% | 36.4% | 35.2% | 44.8% | 52.4% | 42.6% | 31.5% | 38.0% |
| Net margin | -22.4% | 16.5% | 8.6% | 18.8% | 20.4% | 19.9% | 47.5% | 24.0% | 14.2% | 17.6% |
Balance sheet
Fiscal years, from BHP Group Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $10.3B | $14.2B | $15.9B | $15.6B | $13.4B | $15.2B | $17.2B | $12.4B | $12.5B | $11.9B |
| Receivables | — | $2.8B | $3.1B | $3.5B | $3.4B | $6.1B | $5.4B | $4.6B | $5.2B | $4.1B |
| Inventory | — | $3.7B | $3.8B | $3.8B | $4.1B | $4.4B | $4.9B | $5.2B | $5.8B | $5.5B |
| Total current assets | — | $21.1B | $35.1B | $23.4B | $21.5B | $26.7B | $28.7B | $23.4B | $24.3B | $22.8B |
| Property, plant and equipment | $84.0B | $80.5B | $67.2B | $68.0B | $72.4B | $73.8B | $61.3B | $71.8B | $71.6B | $76.5B |
| Goodwill | — | — | — | — | $1.2B | $1.2B | $1.2B | $1.4B | $1.3B | $1.3B |
| Total assets | $119.0B | $117.0B | $112.0B | $101.8B | $105.7B | $108.9B | $95.2B | $101.3B | $102.4B | $108.8B |
| Total current liabilities | — | $11.4B | $14.0B | $12.3B | $14.8B | $16.4B | $16.9B | $19.0B | $14.3B | $15.6B |
| Total liabilities | $58.9B | $54.3B | $51.3B | $50.1B | $53.6B | $53.3B | $46.4B | $52.8B | $53.2B | $56.6B |
| Shareholders' equity | $60.1B | $57.3B | $55.6B | $47.2B | $47.9B | $51.3B | $45.0B | $44.5B | $44.8B | $47.7B |
| Net debt | -$10.3B | -$14.2B | -$15.9B | -$15.6B | -$13.4B | -$15.2B | -$17.2B | -$12.4B | -$12.5B | -$11.9B |
Cash flow
Fiscal years, from BHP Group Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.6B | $16.8B | $18.5B | $17.9B | $15.7B | $27.2B | $32.2B | $18.7B | $20.7B | $18.7B |
| Capital spending | $5.7B | $3.7B | $5.0B | $6.2B | $6.0B | $5.6B | $5.9B | $6.7B | $8.8B | $9.4B |
| Free cash flow | $4.9B | $13.1B | $13.5B | $11.6B | $9.7B | $21.6B | $26.3B | $12.0B | $11.8B | $9.3B |
| Dividends paid | $4.3B | $3.5B | $6.7B | $12.5B | $8.3B | $10.0B | $20.3B | $14.6B | $9.1B | $8.2B |
| Share buybacks (net) | -$106M | -$108M | -$171M | -$5.2B | -$143M | -$234M | -$149M | -$88M | — | — |
| Net borrowing | $4.5B | -$5.5B | -$3.7B | -$2.4B | -$1.5B | -$7.8B | -$2.2B | $4.9B | -$2.2B | $2.5B |
| Free cash flow margin | 17.2% | 36.7% | 31.3% | 26.2% | 25.0% | 38.0% | 40.4% | 22.2% | 21.3% | 18.1% |
| Dividends per share | $0.81 | $0.65 | $1.26 | $2.41 | $1.63 | $1.98 | $4.00 | $2.88 | $1.80 | $1.61 |
Questions
What was BHP Group Limited's revenue in 2025?
$51.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does BHP Group Limited generate?
$9.3B in fiscal 2025 (operating cash flow minus capital spending).
From BHP Group Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.