BHP vs VALE
BHP Group Ltd. and Vale S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BHP | VALE |
|---|---|---|
| Revenue | $51.3B | $38.4B |
| Net income | $9.0B | $2.4B |
| Gross margin | · | 35.0% |
| Net margin | 21.7% | 5.2% |
| Return on equity | 19.5% | 7.0% |
| Diluted EPS | $1.77 | · |
| Dividend / share | $1.24 | · |
| Payout ratio | 69.7% | 251.8% |
| Free cash flow | $9.3B | · |
| Equity | $47.7B | $33.5B |
| Net debt / equity | 0.20× | · |
| Current ratio | 1.46× | 1.15× |
| Revenue CAGR 5y | 5.7% | −0.6% |
| Profit CAGR 5y | 2.5% | −13.6% |
BHP bills 1.3× the revenue of VALE, and keeps more of each dollar of revenue as profit (21.7% against 5.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BHP | VALE |
|---|---|---|
| FY2024 | $51.3B | $38.1B |
| FY2023 | $55.7B | $41.8B |
| FY2022 | $53.8B | $43.8B |
| FY2021 | $65.1B | $54.5B |
| FY2020 | $56.9B | $39.5B |
| FY2019 | $38.9B | $36.5B |
| FY2018 | $44.3B | $36.6B |
| FY2017 | $43.1B | $34.0B |
| FY2016 | $35.7B | $27.5B |
| FY2015 | $28.6B | $23.4B |
Bottom line
| Fiscal year | BHP | VALE |
|---|---|---|
| FY2024 | $9.0B | $6.2B |
| FY2023 | $7.9B | $8.0B |
| FY2022 | $12.9B | $18.8B |
| FY2021 | $30.9B | $22.4B |
| FY2020 | $11.3B | $4.9B |
| FY2019 | $8.0B | $-1.7B |
| FY2018 | $8.3B | $6.9B |
| FY2017 | $3.7B | $5.5B |
| FY2016 | $5.9B | $4.0B |
| FY2015 | $-6.4B | $-12.1B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +$13,206,000,000 | BHP |
| FY2023 | +$13,874,000,000 | BHP |
| FY2022 | +$9,978,000,000 | BHP |
| FY2021 | +$10,596,000,000 | BHP |
| FY2020 | +$17,376,000,000 | BHP |
| FY2019 | +$2,375,000,000 | BHP |
| FY2018 | +$7,713,000,000 | BHP |
| FY2017 | +$9,162,000,000 | BHP |
| FY2016 | +$8,252,000,000 | BHP |
| FY2015 | +$5,183,000,000 | BHP |
BHP has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +6.0 pp | BHP |
| FY2023 | −2.1 pp | VALE |
| FY2022 | −16.4 pp | VALE |
| FY2021 | +9.6 pp | BHP |
| FY2020 | +12.2 pp | BHP |
| FY2019 | +28.4 pp | BHP |
| FY2018 | +1.9 pp | BHP |
| FY2017 | −5.1 pp | VALE |
| FY2016 | +2.9 pp | BHP |
| FY2015 | +32.2 pp | BHP |
The higher net margin has changed hands between BHP and VALE over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VALE's net margin has been more volatile than BHP's over the 10 comparable fiscal years — 25.8 percentage points of standard deviation against 16.8.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BHP and VALE over these 10 fiscal years — BHP led in 7 and VALE in 3.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VALE's return on equity has been more volatile than BHP's over the 10 comparable fiscal years — 25.8 percentage points of standard deviation against 18.1.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BHP and VALE over these 10 fiscal years — BHP led in 6 and VALE in 4.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.