BHP (ADR)
Runs large iron ore, copper and steelmaking coal operations while developing potash.
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Profile
Produces iron ore, copper and steelmaking coal across Australia and the Americas, while developing potash and additional copper projects. A simplified, single-parent portfolio relies on large mining systems, commodity markets, project delivery, and sustained safety, water, heritage and community controls.
Produces iron ore, copper and steelmaking coal from large, long-lived mining systems, while building Jansen potash and expanding its copper pipeline. Operations span Australia and the Americas, with Western Australian iron ore and Chilean and South Australian copper at the center of the portfolio.
Execution depends on high-volume mining, mineral processing, rail and port infrastructure, and disciplined development of copper and potash projects. The portfolio has narrowed since the South32 demerger and petroleum separation.
Cash generation remains exposed to commodity prices and operating volumes. Tailings safety, water use, cultural-heritage agreements and relationships with regulators, communities and Traditional Owners are continuing operating dependencies; the Samarco reparations record remains active.
Company facts
Key statistics
Year to date +54.1% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Apr 27, 2026 | Argus Research | Target | $60 | $95 | ||
| Mar 9, 2026 | Bernstein | Reiterate | Market Perform | $48 | ||
| Dec 30, 2025 | Argus Research | Upgrade | Hold | Buy | ||
| Aug 20, 2025 | Citigroup | Downgrade | Buy | Neutral | ||
| Jul 24, 2025 | Berenberg | Downgrade | Hold | Sell |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 17, 2026Q4 FY26 | $2.67 | $2.76 | +3.4% | $30.21B | $31.16B | +3.1% | +0.81% |
| Feb 16, 2026Q2 FY26 | $2.41 | $2.24 | −7.1% | $27.34B | $27.90B | +2.0% | +1.24% |
| Aug 18, 2025Q4 FY25 | $2.09 | $2.12 | +1.4% | $26.05B | $25.98B | −0.3% | +0.51% |
| Feb 17, 2025Q2 FY25 | $1.98 | $1.74 | −12.1% | $25.05B | $25.18B | +0.5% | +0.76% |
Financial highlights
| 12 quarters | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $27.23B | $28.43B | $25.18B | $26.09B | $27.95B | $30.96B | |
| Gross profit | $10.80B | $34.92B | $9.24B | $32.90B | $11.98B | $11.08B | |
| Operating income | $4.80B | $12.73B | $9.13B | $10.34B | $11.98B | $11.08B | |
| Net income | $927.0M | $6.97B | $4.42B | $4.60B | $5.65B | $4.21B | |
| Diluted EPS | $0.36 | $2.74 | $1.74 | $1.82 | $2.22 | $1.66 | |
| Gross margin | 39.7% | 122.9% | 36.7% | 126.1% | 42.8% | 35.8% | |
| Operating margin | 17.6% | 44.8% | 36.2% | 39.6% | 42.8% | 35.8% |
Revenue by product · FY26
Revenue by geography · FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $18.60B · Total debt $27.12B · Total assets $121.39B · Shareholders' equity $50.92B
Dividends
Last raised to $1.46 from $1.20 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 6, 2026 | Mar 6 | Mar 26 | $1.46 | raised from $1.20 |
| Sep 5, 2025 | Sep 5 | Sep 25 | $1.20 | raised from $1.00 |
| Mar 7, 2025 | Mar 7 | Mar 27 | $1.00 | cut from $1.48 |
| Sep 13, 2024 | Sep 13 | Oct 3 | $1.48 | raised from $1.44 |
| Mar 7, 2024 | Mar 8 | Mar 28 | $1.44 | cut from $1.585 |
| Sep 7, 2023 | Sep 8 | Sep 28 | $1.585 | cut from $1.785 |
| Mar 9, 2023 | Mar 10 | Mar 30 | $1.785 | cut from $3.50 |
| Sep 1, 2022 | Sep 2 | Sep 22 | $3.50 | raised from $3.00 |
Ownership
Shares outstanding 2.54B · Float 2.46B · 96.9% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Fisher Asset Management, LLC | 24.34M | 0.96% | 13F | Aug 4, 2026 |
| Goldman Sachs Group Inc | 10.44M | 0.41% | 13F | Aug 14, 2026 |
| Morgan Stanley | 10.44M | 0.41% | 13F | Aug 13, 2026 |
| FMR LLC | 6.73M | 0.26% | 13F | Aug 13, 2026 |
| Citigroup Inc | 5.63M | 0.22% | 13F | Aug 3, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Emma Kate Stone | officer: Group Financial Controller | −6,774 | $46.57 |
Peers
- Rio Tinto (ADR)
Broadest overlap across large-scale iron ore and copper
- Vale (ADR)
Major seaborne iron ore rival with a growing copper business
- Freeport-McMoRan
Copper-focused scale competitor across the Americas and Indonesia
- Southern Copper
Integrated copper producer competing in concentrate and refined metal
- Nutrien
Established Saskatchewan potash incumbent ahead of Jansen ramp-up
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BHP (ADR) | $94.75 | −0.42% | $241.71B | 24.5 | — | 4.2 | +19.9% |
| Rio Tinto (ADR) | $103.71 | +0.37% | $167.86B | 13.9 | — | 2.7 | +14.5% |
| Vale (ADR) | $15.10 | +0.40% | $64.10B | 31.3 | 8.3 | 1.6 | +19.2% |
| Freeport-McMoRan | $76.29 | −0.20% | $109.92B | 37.5 | 21.6 | 4.2 | −7.3% |
| Southern Copper | $212.73 | +1.39% | $175.04B | 30.7 | 29.6 | 11.1 | +40.6% |
| Nutrien | $73.84 | +0.44% | $35.29B | 14.9 | 13.7 | 1.3 | +0.3% |
| Median | 30.7 | 17.6 | 2.7 | +14.5% |