BHP Group Ltd Capital Reinvestment Ratio
BHP Group Ltd capital reinvestment ratio. BHP Group Ltd (BHP) has a Capital Reinvestment Ratio of 0.54x as of December 2025, meaning it reinvests 1% of its operating cash flow (AU$9.54 Billion) in capital expenditures (AU$5.16 Billion). See BHP Group Ltd free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of BHP Group Ltd (1992–2025)
Capital reinvestment ratio of BHP Group Ltd from 1992 to 2025. This chart tracks BHP Group Ltd's Capital Reinvestment Ratio across 34 annual periods. See BHP Group Ltd free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
BHP Group Ltd Capital Reinvestment Ratio by Year (1992–2025)
BHP Group Ltd capital reinvestment ratio by year from 1992 to 2025. For the full cash flow conversion analysis, see BHP cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (AUD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.50x | AU$18.69 Billion | AU$9.40 Billion | ▲ +17.9% |
| 2024 | 0.43x | AU$20.66 Billion | AU$8.82 Billion | ▲ +12.6% |
| 2023 | 0.38x | AU$18.70 Billion | AU$7.08 Billion | ▲ +99.4% |
| 2022 | 0.19x | AU$32.17 Billion | AU$6.11 Billion | ▼ -10.9% |
| 2021 | 0.21x | AU$27.23 Billion | AU$5.80 Billion | ▼ -56.2% |
| 2020 | 0.49x | AU$15.71 Billion | AU$7.64 Billion | ▲ +22.0% |
| 2019 | 0.40x | AU$17.87 Billion | AU$7.12 Billion | ▲ +47.8% |
| 2018 | 0.27x | AU$18.46 Billion | AU$4.98 Billion | ▲ +6.6% |
| 2017 | 0.25x | AU$16.80 Billion | AU$4.25 Billion | ▼ -61.3% |
| 2016 | 0.65x | AU$10.62 Billion | AU$6.95 Billion | ▲ +4.7% |
| 2015 | 0.62x | AU$19.30 Billion | AU$12.04 Billion | ▼ -2.3% |
| 2014 | 0.64x | AU$25.36 Billion | AU$16.21 Billion | ▼ -42.6% |
| 2013 | 1.11x | AU$20.15 Billion | AU$22.43 Billion | ▲ +33.0% |
| 2012 | 0.84x | AU$25.26 Billion | AU$21.13 Billion | ▲ +116.6% |
| 2011 | 0.39x | AU$30.08 Billion | AU$11.62 Billion | ▼ -35.6% |
| 2010 | 0.60x | AU$17.92 Billion | AU$10.74 Billion | ▲ +4.0% |
| 2009 | 0.58x | AU$18.86 Billion | AU$10.88 Billion | ▲ +17.3% |
| 2008 | 0.49x | AU$18.16 Billion | AU$8.92 Billion | ▲ +6.8% |
| 2007 | 0.46x | AU$15.60 Billion | AU$7.18 Billion | ▼ -19.7% |
| 2006 | 0.57x | AU$10.48 Billion | AU$6.00 Billion | ▲ +37.7% |
| 2005 | 0.42x | AU$8.04 Billion | AU$3.35 Billion | ▼ -13.6% |
| 2004 | 0.48x | AU$4.66 Billion | AU$2.25 Billion | ▼ -35.8% |
| 2003 | 0.75x | AU$3.23 Billion | AU$2.42 Billion | ▲ +2.9% |
| 2002 | 0.73x | AU$3.94 Billion | AU$2.87 Billion | ▲ +85.6% |
| 2001 | 0.39x | AU$2.55 Billion | AU$1.00 Billion | ▲ +40.4% |
| 2000 | 0.28x | AU$2.35 Billion | AU$658.00 Million | ▼ -61.5% |
| 1999 | 0.73x | AU$2.34 Billion | AU$1.70 Billion | ▼ -31.5% |
| 1998 | 1.06x | AU$2.23 Billion | AU$2.37 Billion | ▲ +4.5% |
| 1997 | 1.02x | AU$3.05 Billion | AU$3.10 Billion | ▼ -7.6% |
| 1996 | 1.10x | AU$2.64 Billion | AU$2.90 Billion | ▲ +54.1% |
| 1995 | 0.71x | AU$2.94 Billion | AU$2.09 Billion | ▼ -0.8% |
| 1994 | 0.72x | AU$2.49 Billion | AU$1.79 Billion | ▲ +4.1% |
| 1993 | 0.69x | AU$1.83 Billion | AU$1.27 Billion | ▼ -24.8% |
| 1992 | 0.92x | AU$2.34 Billion | AU$2.15 Billion | — |