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BHP Group Limited

BHPLF
66
Industrial Materials · Basic Materials
Exchange
Other OTC
Winston Score
66
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Mixed
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Mixed

Winston Score History

The full picture

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.

Growth Profile

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

Revenue Growth

+16.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-11.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

3.1%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$24.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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 16%. 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.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
35.8%
Modest — 35.8% gross margin
Profit after running costs
Operating Margin
35.8%
Excellent — 35.8% operating margin
Return on the money invested
ROCE
30.6%
Exceptional — 30.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+14.7%
Fast-growing sales (+14.7% YoY)
Profit growth
EPS YoY
+9.0%
Earnings growing (+9.0% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
214%
Turns 214% of profit into real cash
Spare cash per sale
FCF Margin
19.7%
Converts sales into free cash efficiently (19.7%)

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

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Stability

What it owes vs what it owns
Debt / Equity
0.48
Conservative — low debt load (0.48)
Covers its interest
Interest Cover
25.76x
Comfortably covers interest (25.8x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
24.0x
no trend
Growth-priced — P/E 24.0

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

Cheaper or dearer next year
P/E vs Forward
+6.9
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (24.0 → 17.1)

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Dividends

Dividend
Dividend Yield
3.25%
no trend
Moderate income — 3.25% yield

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

Dividend record
Dividend Growth
-38.4%
no trend
Dividend cut (-38.4% YoY) — warning sign

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