BHP GROUP LIMITED vs Freeport-McMoRan Inc., two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
BHP is the diversified reference, iron ore and copper and coal balanced into a 21.7% net margin; Freeport is concentrated copper leverage, its trailing multiple unusable as items wash through but its $90B valuation an undiluted electrification bet with 0.31 turns of debt. BHP earns better everywhere measurable now, 21.3% on equity against 15.1%, a 4.5% free-cash yield against 2%. What Freeport offers is torque, more copper exposure per dollar than any major; what BHP offers is ballast. The pair is the copper allocation question in two grades of purity, priced with the ballast at $205B and the torque at less than half.
Comparison updated 2026-07-10.
| Metric | BHP | FCX |
|---|---|---|
| Price | $81.00 | $62.31 |
| Market cap | $205.5B | $90.0B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +4.2% | +23.0% |
| P/E | 22.8 | — |
| P/B | 3.93 | 2.86 |
| P/S | 4.01 | 3.40 |
| EV/EBITDA | 7.7 | 12.2 |
| Revenue growth | -1.8% | +6.2% |
| Operating margin | 38.0% | 34.2% |
| Net margin | 21.7% | 17.9% |
| Return on equity | 21.3% | 15.1% |
| Return on assets | 10.2% | 8.1% |
| Return on invested capital | 22.6% | 14.0% |
| FCF yield | 4.5% | 1.9% |
| Dividend yield | — | 1.0% |
| Debt / equity | 0.00 | 0.31 |
| Current ratio | 1.46 | 2.39 |
| Altman Z (solvency) | 3.87 | 2.76 |
| Piotroski F (quality) | 6 / 9 | 8 / 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.