BHP GROUP LIMITED vs CAMECO CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
BHP and Cameco share clean balance sheets and nothing else about their pricing: 22.8 times earnings for the diversified giant, 105.3 for the uranium producer, both multiples carrying stories rather than trailing arithmetic. BHP's story is breadth, iron ore, copper, and potash at a 21.3% return on equity; Cameco's is the nuclear renaissance, contracted volumes into reactor restarts at 8.5% returns while the thesis matures. Net margins favor BHP, 21.7% against 16.9%, free cash too, 4.5% against 1.7%. The pair prices the industrial present against the atomic future at a 4.6-fold spread; commodity multiples this far apart are the market doing narrative arithmetic, and admitting it.
Comparison updated 2026-07-10.
| Metric | BHP | CCJ |
|---|---|---|
| Price | $81.00 | $104.56 |
| Market cap | $205.5B | $45.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +4.2% | — |
| P/E | 22.8 | 105.3 |
| P/B | 3.93 | 8.97 |
| P/S | 4.01 | 17.78 |
| EV/EBITDA | 7.7 | 66.7 |
| Revenue growth | -1.8% | +24.4% |
| Gross margin | — | 27.9% |
| Operating margin | 38.0% | 17.8% |
| Net margin | 21.7% | 16.9% |
| Return on equity | 21.3% | 8.5% |
| Return on assets | 10.2% | 5.7% |
| Return on invested capital | 22.6% | 6.8% |
| FCF yield | 4.5% | 1.7% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.46 | 2.47 |
| Altman Z (solvency) | 3.87 | 7.21 |
| Piotroski F (quality) | 6 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.