BHP Group Ltd (BHP) — Capital Reinvestment Ratio
Latest as of December 2025:
0.54x
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
0.54x
Capex / Operating Cash Flow
Operating Cash Flow
AU$9.54 Billion
AUD
Capital Expenditures
AU$5.16 Billion
AUD
Data as of
Dec 2025
Most recent filing
BHP Group Ltd Capital Reinvestment Ratio (1992–2025)
This chart tracks BHP Group Ltd's Capital Reinvestment Ratio across 34 annual periods.
Annual Capital Reinvestment Ratio for BHP Group Ltd (1992–2025)
Year-by-year Capital Reinvestment Ratio for BHP Group Ltd from 1992 to 2025. For live market cap and broader valuation context, see BHP market cap.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow