BHP GROUP LIMITED vs WHEATON PRECIOUS METALS CORP., two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
51.5 against 205.5 in market value, but the defining number is 63.58: Wheaton's net margin, three times BHP's 21.7%, the streaming model's bookkeeping against the digging model's. BHP out-returns it where capital lives, 21.3% against 16.9% on equity, and out-yields it in cash, 4.5% against 3.7%. The multiples price the streamer's insulation at 35 times against the giant's 22.8. Both are debt-free. The pair spans mining's whole spectrum in one comparison: the largest diversified extractor on earth against a company that extracts nothing and margins like software. The market pays twelve extra turns for the abstraction; the cycle, as usual, pays the trucks.
Comparison updated 2026-07-10.
| Metric | BHP | WPM |
|---|---|---|
| Price | $81.00 | $113.45 |
| Market cap | $205.5B | $51.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +4.2% | — |
| P/E | 22.8 | 35.0 |
| P/B | 3.93 | 5.93 |
| P/S | 4.01 | 22.25 |
| EV/EBITDA | 7.7 | 31.8 |
| Revenue growth | -1.8% | +22.7% |
| Gross margin | — | 72.2% |
| Operating margin | 38.0% | 68.3% |
| Net margin | 21.7% | 63.6% |
| Return on equity | 21.3% | 16.9% |
| Return on assets | 10.2% | 16.1% |
| Return on invested capital | 22.6% | 15.8% |
| FCF yield | 4.5% | 3.7% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.46 | 7.78 |
| Altman Z (solvency) | 3.87 | 7.68 |
| 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.