BHP Group Ltd (BHP) — Cash Flow Quality Index
Latest as of December 2025:
1.66x
BHP Group Ltd (BHP) has a Cash Flow Quality Index of 1.66x as of December 2025. Operating cash flow of AU$9.54 Billion exceeds net income of AU$5.74 Billion, indicating high earnings quality where cash backs reported profits. Explore how well can BHP Group Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.66x
Operating CF / Net Income
Operating Cash Flow
AU$9.54 Billion
AUD
Net Income
AU$5.74 Billion
AUD
Data as of
Dec 2025
Most recent filing
BHP Group Ltd Cash Flow Quality Index (1988–2025)
Historical Cash Flow Quality Index for BHP Group Ltd across 35 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see BHP cash flow conversion.
Annual Cash Flow Quality Index for BHP Group Ltd (1988–2025)
Year-by-year earnings quality comparison for BHP Group Ltd.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.02x | AU$18.69 Billion | AU$18.35 Billion | ▼ -20.9% |
| 2024 | 1.29x | AU$20.66 Billion | AU$16.05 Billion | ▼ -11.0% |
| 2023 | 1.45x | AU$18.70 Billion | AU$12.92 Billion | ▼ -8.9% |
| 2022 | 1.59x | AU$32.17 Billion | AU$20.25 Billion | ▼ -32.7% |
| 2021 | 2.36x | AU$27.23 Billion | AU$11.53 Billion | ▲ +19.7% |
| 2020 | 1.97x | AU$15.71 Billion | AU$7.96 Billion | ▼ -4.5% |
| 2019 | 2.07x | AU$17.87 Billion | AU$8.65 Billion | ▲ +65.1% |
| 2018 | 1.25x | AU$18.46 Billion | AU$14.75 Billion | ▼ -23.1% |
| 2017 | 1.63x | AU$16.80 Billion | AU$10.32 Billion | ▼ -32.0% |
| 2015 | 2.40x | AU$19.30 Billion | AU$8.06 Billion | ▲ +30.6% |
| 2014 | 1.83x | AU$25.36 Billion | AU$13.83 Billion | ▲ +2.1% |
| 2013 | 1.80x | AU$20.15 Billion | AU$11.22 Billion | ▲ +10.0% |
| 2012 | 1.63x | AU$25.26 Billion | AU$15.47 Billion | ▲ +68.8% |
| 2011 | 0.97x | AU$30.08 Billion | AU$31.11 Billion | ▼ -22.4% |
| 2010 | 1.25x | AU$17.92 Billion | AU$14.39 Billion | ▲ +12.8% |
| 2009 | 1.10x | AU$18.86 Billion | AU$17.08 Billion | ▲ +42.8% |
| 2008 | 0.77x | AU$18.16 Billion | AU$23.48 Billion | ▼ -33.1% |
| 2007 | 1.16x | AU$15.60 Billion | AU$13.50 Billion | ▲ +16.2% |
| 2006 | 0.99x | AU$10.48 Billion | AU$10.53 Billion | ▲ +31.4% |
| 2005 | 0.76x | AU$8.04 Billion | AU$10.63 Billion | ▲ +8.8% |
| 2004 | 0.70x | AU$4.66 Billion | AU$6.70 Billion | ▲ +3.3% |
| 2003 | 0.67x | AU$3.23 Billion | AU$4.79 Billion | ▼ -55.5% |
| 2002 | 1.51x | AU$3.94 Billion | AU$2.60 Billion | ▼ -54.4% |
| 2001 | 3.32x | AU$2.55 Billion | AU$770.00 Million | ▲ +36.9% |
| 2000 | 2.42x | AU$2.35 Billion | AU$971.00 Million | ▼ -75.1% |
| 1997 | 9.74x | AU$3.05 Billion | AU$313.00 Million | ▲ +208.3% |
| 1996 | 3.16x | AU$2.64 Billion | AU$835.20 Million | ▼ -6.1% |
| 1995 | 3.36x | AU$2.94 Billion | AU$872.80 Million | ▲ +28.1% |
| 1994 | 2.63x | AU$2.49 Billion | AU$946.80 Million | ▲ +17.4% |
| 1993 | 2.24x | AU$1.83 Billion | AU$820.00 Million | ▼ -62.6% |
| 1992 | 5.99x | AU$2.34 Billion | AU$390.00 Million | ▲ +499.0% |
| 1991 | 1.00x | AU$1.08 Billion | AU$1.08 Billion | ▲ +0.0% |
| 1990 | 1.00x | AU$846.50 Million | AU$846.50 Million | ▲ +0.0% |
| 1989 | 1.00x | AU$830.50 Million | AU$830.50 Million | ▲ +0.0% |
| 1988 | 1.00x | AU$754.00 Million | AU$754.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.