BHP GroupCHIX:BHPL -4.07%82 Net Margin % is 20.21% as of Dec. 2025, which is 11% above its 10-year median of 18.17. GuruFocus rates CHIX:BHPL with a GF Score™ of 82/100 and a GF Value™ of £22.92 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 843 Metals & Mining companies, BHP Group ranks better than 75.92% on this metric.
Net margin is calculated as Net Income divided by its Revenue. BHP Group's Net Income for the
six
months ended in Dec. 2025 was £4,213 Mil. BHP Group's Revenue for the
six
months ended in Dec. 2025 was £20,843 Mil. Therefore, BHP Group's net margin for the quarter that ended in Dec. 2025 was 20.21%.
The historical rank and industry rank for BHP Group's Net Margin % or its related term are showing as below:
CHIX:BHPl'
s Net Margin % Range Over the Past 10 Years
Min: -22.35 Med: 18.17 Max: 47.47
Current: 18.96
CHIX:BHPl's Net Margin % is ranked better than 75.92% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs CHIX:BHPl: 18.96
BHP Group (CHIX:BHPl) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
BHP Group Net Margin % Related Terms
BHP Group Net Margin % Historical Data
* Premium members only.
The historical data trend for BHP Group's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, BHP Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where BHP Group's Net 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.
BHP Group (CHIX:BHPL) has a Net Margin % of 20.21% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on BHP Group and its competitors. This is 11% above median its historical median of 18.17. According to the industry distribution chart, BHP Group ranks #203 out of 843 companies in the Metals & Mining industry, placing it in the top 24.1%.
Is BHP Group's Net Margin % too high?
BHP Group's current Net Margin % of 20.21% is 11% above median its 10-year median of 18.17. The Metals & Mining industry median Net Margin % is 3.41. BHP Group's value of 20.21% is 492.7% above this industry median. Based on the distribution chart, BHP Group ranks #203 out of 843 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 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHP Group's Net Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, BHP Group ranks #203 out of 843 companies for Net Margin %. This places BHP Group in the top 24% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. BHP Group's value of 20.21% is 492.7% above this benchmark. While the company's 10-year median is 18.17 vs. the industry median of 3.41, 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 Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BHP Group's current Net Margin % of 20.21% is 492.7% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on BHP Group and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHP Group's current Net Margin % is 20.21%, which is 11% above median its own 10-year median of 18.17. 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 (CHIX:BHPL) is currently considered Significantly Overvalued. The stock's GF Value™ is £22.92, compared to a current price of £31.11 — trading 35.7% above its estimated fair value. The current Net Margin % is 20.21%, which is 11% above median its 10-year median of 18.17 and 492.7% above the Metals & Mining industry median of 3.41. BHP Group's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For BHP Group (CHIX:BHPL), the current Net Margin % is 20.21% as of Dec. 2025. 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 (CHIX:BHPL) Overvalued in 2026?
Based on GuruFocus' analysis, BHP Group stock appears to be overvalued.
The current stock price of £31.11 is trading 35.7% above its estimated GF Value™ of £22.92.
GuruFocus considers BHP Group to be Significantly Overvalued.
Key valuation signals for CHIX:BHPL:
Net Margin %: 20.21% (11% above median its 10-year median of 18.17)
GF Value™: £22.92 vs. price of £31.11 (35.7% above fair value)
Industry Position: 492.7% above the Metals & Mining median (#203 of 843)
No single metric tells the full story. See the CHIX:BHPL 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.
82GF Score
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