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BHP GroupSTU:BHP -0.68%68 Gross Margin % is 35.78% as of Jun. 2026, which is 50% below its 10-year median of 71.10. GuruFocus rates STU:BHP with a GF Score™ of 68/100 and a GF Value™ of €54.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 741 Metals & Mining companies, BHP Group ranks better than 92.98% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. BHP Group's Gross Profit for the
six
months ended in Jun. 2026 was €9,465 Mil. BHP Group's Revenue for the
six
months ended in Jun. 2026 was €26,454 Mil. Therefore, BHP Group's Gross Margin % for the quarter that ended in Jun. 2026 was 35.78%.
The historical rank and industry rank for BHP Group's Gross Margin % or its related term are showing as below:
STU:BHP'
s Gross Margin % Range Over the Past 10 Years
Min: 68.5 Med: 71.1 Max: 77.61
Current: 75.58
During the past 13 years, the highestGross Margin % of BHP Group was 77.61%. The lowest was 68.50%. And the median was 71.10%.
STU:BHP's Gross Margin % is ranked better than 92.98% of 741
companies
in the Metals & Mining industry
Industry Median: 28.39
vs STU:BHP: 75.58
BHP Group had a gross margin of 35.78% for the quarter that ended in Jun. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for BHP Group was -0.90% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BHP Group had a gross margin of 35.78% for the quarter that ended in Jun. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
BHP Group Gross Margin % Related Terms
BHP Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for BHP Group's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, BHP Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BHP Group Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, BHP Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where BHP Group's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BHP Group (STU:BHP) has a Gross Margin % of 35.78% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on BHP Group and its competitors. This is 50% below median its historical median of 71.10. Over the past decade, BHP Group's Gross Margin % has ranged from 68.50 to 77.61. According to the industry distribution chart, BHP Group ranks #52 out of 741 companies in the Metals & Mining industry, placing it in the top 7%.
Is BHP Group's Gross Margin % too high?
BHP Group's current Gross Margin % of 35.78% is 50% below median its 10-year median of 71.10. Over the past 10 years, this metric has ranged from a low of 68.50 to a high of 77.61. The Metals & Mining industry median Gross Margin % is 28.39. BHP Group's value of 35.78% is 26% above this industry median. Based on the distribution chart, BHP Group ranks #52 out of 741 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, BHP Group has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHP Group's Gross Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, BHP Group ranks #52 out of 741 companies for Gross Margin %. This places BHP Group in the top 7% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.39. BHP Group's value of 35.78% is 26% above this benchmark. Historically, BHP Group's own Gross Margin % has ranged from 68.50 to 77.61 over the past decade. While the company's 10-year median is 71.10 vs. the industry median of 28.39, BHP Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 28.39, based on 741 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BHP Group's current Gross Margin % of 35.78% is 26% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on BHP Group and its competitors. For the Metals & Mining industry, the median Gross Margin % is 28.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHP Group's current Gross Margin % is 35.78%, which is 50% below median its own 10-year median of 71.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHP Group stock overvalued right now?
Based on GuruFocus' analysis, BHP Group (STU:BHP) is currently considered Significantly Overvalued. The stock's GF Value™ is €54.60, compared to a current price of €73.00 — trading 33.7% above its estimated fair value. The current Gross Margin % is 35.78%, which is 50% below median its 10-year median of 71.10 and 26% above the Metals & Mining industry median of 28.39. BHP Group's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For BHP Group (STU:BHP), the current Gross Margin % is 35.78% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BHP Group (STU:BHP) Overvalued in 2026?
Based on GuruFocus' analysis, BHP Group stock appears to be overvalued.
The current stock price of €73.00 is trading 33.7% above its estimated GF Value™ of €54.60.
GuruFocus considers BHP Group to be Significantly Overvalued.
Key valuation signals for STU:BHP:
Gross Margin %: 35.78% (50% below median its 10-year median of 71.10)
GF Value™: €54.60 vs. price of €73.00 (33.7% above fair value)
Industry Position: 26% above the Metals & Mining median (#52 of 741)
No single metric tells the full story. See the STU:BHP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018, and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuna copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.
68GF Score
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