BHP Group Limited (BHP) — Capital Reinvestment Ratio
BHP Group Limited (BHP) has a Capital Reinvestment Ratio of 0.54x as of December 2025, meaning it reinvests 1% of its operating cash flow (GBX9.54 Billion) in capital expenditures (GBX5.16 Billion). Check BHP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
BHP Group Limited Capital Reinvestment Ratio (1992–2025)
This chart tracks BHP Group Limited's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see BHP Group Limited cash flow conversion.
Annual Capital Reinvestment Ratio for BHP Group Limited (1992–2025)
Year-by-year Capital Reinvestment Ratio for BHP Group Limited from 1992 to 2025. See BHP Group Limited (BHP) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.50x | GBX18.69 Billion | GBX9.40 Billion | ▲ +17.9% |
| 2024 | 0.43x | GBX20.66 Billion | GBX8.82 Billion | ▲ +18.5% |
| 2023 | 0.36x | GBX18.70 Billion | GBX6.73 Billion | ▲ +97.8% |
| 2022 | 0.18x | GBX32.17 Billion | GBX5.86 Billion | ▼ -11.7% |
| 2021 | 0.21x | GBX27.23 Billion | GBX5.61 Billion | ▼ -53.1% |
| 2020 | 0.44x | GBX15.71 Billion | GBX6.90 Billion | ▲ +10.2% |
| 2019 | 0.40x | GBX17.87 Billion | GBX7.12 Billion | ▲ +47.8% |
| 2018 | 0.27x | GBX18.46 Billion | GBX4.98 Billion | ▲ +6.6% |
| 2017 | 0.25x | GBX16.80 Billion | GBX4.25 Billion | ▼ -61.3% |
| 2016 | 0.65x | GBX10.62 Billion | GBX6.95 Billion | ▲ +4.7% |
| 2015 | 0.62x | GBX19.30 Billion | GBX12.04 Billion | ▼ -2.3% |
| 2014 | 0.64x | GBX25.36 Billion | GBX16.21 Billion | ▼ -42.6% |
| 2013 | 1.11x | GBX20.15 Billion | GBX22.43 Billion | ▲ +33.0% |
| 2012 | 0.84x | GBX25.26 Billion | GBX21.13 Billion | ▲ +116.6% |
| 2011 | 0.39x | GBX30.08 Billion | GBX11.62 Billion | ▼ -35.6% |
| 2010 | 0.60x | GBX17.92 Billion | GBX10.74 Billion | ▲ +4.0% |
| 2009 | 0.58x | GBX18.86 Billion | GBX10.88 Billion | ▲ +17.3% |
| 2008 | 0.49x | GBX18.16 Billion | GBX8.92 Billion | ▲ +6.8% |
| 2007 | 0.46x | GBX15.60 Billion | GBX7.18 Billion | ▼ -19.7% |
| 2006 | 0.57x | GBX10.48 Billion | GBX6.00 Billion | ▲ +37.7% |
| 2005 | 0.42x | GBX8.04 Billion | GBX3.35 Billion | ▼ -13.6% |
| 2004 | 0.48x | GBX4.66 Billion | GBX2.25 Billion | ▼ -35.8% |
| 2003 | 0.75x | GBX3.23 Billion | GBX2.42 Billion | ▲ +2.9% |
| 2002 | 0.73x | GBX3.94 Billion | GBX2.87 Billion | ▲ +85.6% |
| 2001 | 0.39x | GBX2.55 Billion | GBX1.00 Billion | ▲ +40.4% |
| 2000 | 0.28x | GBX2.35 Billion | GBX658.00 Million | ▼ -61.5% |
| 1999 | 0.73x | GBX2.34 Billion | GBX1.70 Billion | ▼ -31.5% |
| 1998 | 1.06x | GBX2.23 Billion | GBX2.37 Billion | ▲ +4.5% |
| 1997 | 1.02x | GBX3.05 Billion | GBX3.10 Billion | ▼ -7.6% |
| 1996 | 1.10x | GBX2.64 Billion | GBX2.90 Billion | ▲ +54.1% |
| 1995 | 0.71x | GBX2.94 Billion | GBX2.09 Billion | ▼ -0.8% |
| 1994 | 0.72x | GBX2.49 Billion | GBX1.79 Billion | ▲ +4.1% |
| 1993 | 0.69x | GBX1.83 Billion | GBX1.27 Billion | ▼ -24.8% |
| 1992 | 0.92x | GBX2.34 Billion | GBX2.15 Billion | — |