PerpEquities

Equity

BHP Group Limited (BHP) perpetual futures

BHP perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BHPUSDT.

BHP Group Limited is a global natural resources company whose Copper, Iron Ore and Coal divisions extract minerals such as copper, uranium, gold, zinc, silver, iron ore and cobalt, and produce metallurgical and thermal coal.

$85.81-3.2%NYSE closed
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Collecting venue price data...
venue perp mark · Bitget (BHP/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$46.3K
Open interest
$27.6K
Best liquidity
$178.8K
Bitget
Tightest spread
+105.6 bps
Bitget
Highest volume
$43.4K
Bitget
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $302.9M
OI / float
0.00%
Float $211.3B
Spot performance
1D-3.11%
5D-1.55%
1M-12.30%
6M+24.76%
YTD+40.96%
1Y+59.69%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeBHP/USDTTrading$85.810.0% APR
0.000% every 8h
+105.6 bps$178.8K$43.4K$14KUSDT20x
Gate.ioTradeBHP/USDTTrading$84.720.0% APR
0.000% every 8h
+199.2 bps$473.1$2.9K$13.6KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

No fresh book data: Bitget, Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

BHP

Tightest spread

BHP

Highest volume

BHP

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$215.9B
Updated 2h ago
Revenue
$58.9B
Trailing 12 months
Revenue growth
-3%
Next fiscal year
Profit margin
+16.7%
P/E
22.5
Peer P/E 23.7
Free cash flow
$12B
Trailing 12 months
More metrics
Net income
$9.9B
Trailing 12 months
P/S
3.7
Peer P/E
23.7
Similar listed perps
Revenue estimate
$57.2B
Next fiscal year
Earnings
2027-02-23
Revenue est. $29.4B · Updated 2h ago
Dividend
$1.98
2026-09-04

Fundamental detail

Annual + quarterly
Latest revenue$58.8B
Net margin+16.7%
Free cash flow$11.9B
Net debt$7.8B
2021$57.3B
2022$65.1B
2023$53.8B
2024$55.7B
2025$51.3B
2026$58.8B
PeriodRevenueGrowthNet incomeFCF
2021$57.3B+46%$11.3B$21.4B
2022$65.1B+14%$30.9B$26.1B
2023$53.8B-17%$12.9B$11.6B
2024$55.7B+3%$7.9B$11.8B
2025$51.3B-8%$9B$9.3B
2026$58.8B+15%$9.8B$11.9B
PeriodGross marginOperating marginNet marginROEROA
2021+86.5%+44.6%+19.7%+22.1%+10.4%
2022+85.7%+52.4%+47.5%+68.7%+32.5%
2023+79.7%+42.6%+24.0%+29.0%+12.8%
2024+82.2%+31.5%+14.2%+17.6%+7.7%
2025+82.2%+38.0%+17.6%+18.9%+8.3%
2026+75.6%+43.4%+16.7%+19.9%+8.1%
PeriodCashDebtNet debtCurrent ratio
2021$15.2B$21B$5.7B1.63
2022$17.2B$16.4B-$808M1.69
2023$12.4B$22.3B$9.9B1.23
2024$12.4B$20.2B$7.8B1.70
2025$11.9B$24.5B$12.6B1.46
2026$18.4B$26.2B$7.8B1.88
PeriodMarket capEnterprise valueP/SP/E
2021$161.4B$167.1B2.814.2
2022$142.4B$141.6B2.27.0
2023$151.4B$161.3B2.811.7
2024$146.5B$154.3B2.618.5
2025$122B$134.6B2.413.5
2026$211.5B$219.3B3.621.5
Q2 2023$26B
Q4 2023$27.8B
Q2 2024$27.2B
Q4 2024$28.4B
Q2 2025$25.2B
Q4 2025$26.1B
Q2 2026$28B
Q4 2026$31B
PeriodRevenueGrowthNet incomeFCF
Q2 2023$26B-16%$6.5B$3.7B
Q4 2023$27.8B-20%$6.5B$7.9B
Q2 2024$27.2B+5%$927M$4.1B
Q4 2024$28.4B+2%$7B$7.3B
Q2 2025$25.2B-8%$4.4B$3.3B
Q4 2025$26.1B-8%$4.6B$6B
Q2 2026$28B+11%$5.6B$4.3B
Q4 2026$31B+19%$4.2B$7.7B
PeriodGross marginOperating marginNet marginROEROA
Q2 2023+40.9%+41.7%+24.8%+15.2%+7.4%
Q4 2023+115.9%+43.5%+23.2%+14.5%+6.4%
Q2 2024+39.7%+17.6%+3.4%+2.2%+0.9%
Q4 2024+122.9%+44.8%+24.5%+15.6%+6.8%
Q2 2025+36.7%+36.2%+17.5%+9.7%+4.4%
Q4 2025+126.1%+39.6%+17.6%+9.7%+4.2%
Q2 2026+42.8%+42.8%+20.2%+11.2%+4.9%
Q4 2026+35.8%+35.8%+13.6%+8.3%+3.5%
PeriodCashDebtNet debtCurrent ratio
Q2 2023$9.6B$14.7B$5.1B1.69
Q4 2023$12.4B$22.3B$9.9B1.23
Q2 2024$10.3B$22.4B$12.1B1.57
Q4 2024$12.4B$20.2B$7.8B1.70
Q2 2025$9.6B$20.2B$10.6B1.70
Q4 2025$11.9B$24.5B$12.6B1.46
Q2 2026$13.5B$31.5B$18.1B1.65
Q4 2026$18.5B$27.1B$8.6B1.88
PeriodMarket capEnterprise valueP/SP/E
Q2 2023$157.4B$162.5B6.16.1
Q4 2023$151.4B$161.3B5.45.9
Q2 2024$173.1B$185.1B6.447.4
Q4 2024$146.5B$154.3B5.25.3
Q2 2025$124.1B$134.7B4.97.0
Q4 2025$122.2B$134.8B4.76.6
Q2 2026$153.2B$171.3B5.56.7
Q4 2026$211.6B$220.2B6.812.5

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$31BQ4 2026
$8.6B$17.3B$25.9B$34.6BQ2 2021: $24.2BQ4 2021: $33.1BQ2 2022: $30.8BQ4 2022: $34.6BQ2 2023: $26BQ4 2023: $27.8BQ2 2024: $27.2BQ4 2024: $28.4BQ2 2025: $25.2BQ4 2025: $26.1BQ2 2026: $28BQ4 2026: $31BQ2 2021Q4 2026
Net income$4.2BQ4 2026
$5.4B$10.7B$16.1B$21.5BQ2 2021: $3.9BQ4 2021: $7.4BQ2 2022: $9.4BQ4 2022: $21.5BQ2 2023: $6.5BQ4 2023: $6.5BQ2 2024: $927MQ4 2024: $7BQ2 2025: $4.4BQ4 2025: $4.6BQ2 2026: $5.6BQ4 2026: $4.2BQ2 2021Q4 2026
EBITDA$14.4BQ4 2026
$5B$9.9B$14.9B$19.9BQ2 2021: $13.5BQ4 2021: $19.8BQ2 2022: $17.8BQ4 2022: $19.9BQ2 2023: $12.5BQ4 2023: $13BQ2 2024: $13BQ4 2024: $13.9BQ2 2025: $11.4BQ4 2025: $12BQ2 2026: $14.9BQ4 2026: $14.4BQ2 2021Q4 2026
Free cash flow$7.7BQ4 2026
$3.9B$7.8B$11.7B$15.7BQ2 2021: $6.4BQ4 2021: $15BQ2 2022: $10.4BQ4 2022: $15.7BQ2 2023: $3.7BQ4 2023: $7.9BQ2 2024: $4.1BQ4 2024: $7.3BQ2 2025: $3.3BQ4 2025: $6BQ2 2026: $4.3BQ4 2026: $7.7BQ2 2021Q4 2026
EPS$1.66Q4 2026
$1.16$2.32$3.48$4.64Q2 2021: $1.6Q4 2021: $2.94Q2 2022: $3.34Q4 2022: $4.64Q2 2023: $2.54Q4 2023: $2.54Q2 2024: $0.36Q4 2024: $2.74Q2 2025: $1.74Q4 2025: $1.82Q2 2026: $2.22Q4 2026: $1.66Q2 2021Q4 2026
Cash / Debt$18.5BQ4 2026
$7.9B$15.8B$23.6B$31.5BQ2 2021 · Cash: $9.3BQ2 2021 · Debt: $22.7BQ4 2021 · Cash: $15.2BQ4 2021 · Debt: $21BQ2 2022 · Cash: $12.4BQ2 2022 · Debt: $19BQ4 2022 · Cash: $17.2BQ4 2022 · Debt: $16.4BQ2 2023 · Cash: $9.6BQ2 2023 · Debt: $14.7BQ4 2023 · Cash: $12.4BQ4 2023 · Debt: $22.3BQ2 2024 · Cash: $10.3BQ2 2024 · Debt: $22.4BQ4 2024 · Cash: $12.4BQ4 2024 · Debt: $20.2BQ2 2025 · Cash: $9.6BQ2 2025 · Debt: $20.2BQ4 2025 · Cash: $11.9BQ4 2025 · Debt: $24.5BQ2 2026 · Cash: $13.5BQ2 2026 · Debt: $31.5BQ4 2026 · Cash: $18.5BQ4 2026 · Debt: $27.1BQ2 2021Q4 2026
CashDebt
Profitability+35.8%Q4 2026
+31.5%+63.1%+94.6%+126.1%Q2 2021 · Gross margin: +46.9%Q4 2021 · Gross margin: +115.4%Q2 2022 · Gross margin: +49.2%Q4 2022 · Gross margin: +118.3%Q2 2023 · Gross margin: +40.9%Q4 2023 · Gross margin: +115.9%Q2 2024 · Gross margin: +39.7%Q4 2024 · Gross margin: +122.9%Q2 2025 · Gross margin: +36.7%Q4 2025 · Gross margin: +126.1%Q2 2026 · Gross margin: +42.8%Q4 2026 · Gross margin: +35.8%Q2 2021 · Operating margin: +40.9%Q4 2021 · Operating margin: +47.2%Q2 2022 · Operating margin: +48.1%Q4 2022 · Operating margin: +55.7%Q2 2023 · Operating margin: +41.7%Q4 2023 · Operating margin: +43.5%Q2 2024 · Operating margin: +17.6%Q4 2024 · Operating margin: +44.8%Q2 2025 · Operating margin: +36.2%Q4 2025 · Operating margin: +39.6%Q2 2026 · Operating margin: +42.8%Q4 2026 · Operating margin: +35.8%Q2 2021 · Net margin: +16.0%Q4 2021 · Net margin: +22.5%Q2 2022 · Net margin: +30.6%Q4 2022 · Net margin: +62.1%Q2 2023 · Net margin: +24.8%Q4 2023 · Net margin: +23.2%Q2 2024 · Net margin: +3.4%Q4 2024 · Net margin: +24.5%Q2 2025 · Net margin: +17.5%Q4 2025 · Net margin: +17.6%Q2 2026 · Net margin: +20.2%Q4 2026 · Net margin: +13.6%Q2 2021Q4 2026
Gross marginOperating marginNet margin
Revenue growth+18.7%Q4 2026
-7.8%+4.0%+15.7%+27.5%Q2 2022: +27.5%Q4 2022: +4.6%Q2 2023: -15.7%Q4 2023: -19.5%Q2 2024: +4.8%Q4 2024: +2.1%Q2 2025: -7.5%Q4 2025: -8.2%Q2 2026: +11.0%Q4 2026: +18.7%Q2 2021Q4 2026
Shares outstanding2.5BQ4 2026
636.1M1.3B1.9B2.5BQ2 2021: 2.5BQ4 2021: 2.5BQ2 2022: 2.5BQ4 2022: 2.5BQ2 2023: 2.5BQ4 2023: 2.5BQ2 2024: 2.5BQ4 2024: 2.5BQ2 2025: 2.5BQ4 2025: 2.5BQ2 2026: 2.5BQ4 2026: 2.5BQ2 2021Q4 2026
Valuation12.5Q4 2026
11.923.735.647.4Q2 2021 · P/E: 9.1Q4 2021 · P/E: 5.5Q2 2022 · P/E: 4.0Q4 2022 · P/E: 3.0Q2 2023 · P/E: 6.1Q4 2023 · P/E: 5.9Q2 2024 · P/E: 47.4Q4 2024 · P/E: 5.3Q2 2025 · P/E: 7.0Q4 2025 · P/E: 6.6Q2 2026 · P/E: 6.7Q4 2026 · P/E: 12.5Q2 2021 · P/S: 6.1Q4 2021 · P/S: 5.0Q2 2022 · P/S: 4.4Q4 2022 · P/S: 4.1Q2 2023 · P/S: 6.1Q4 2023 · P/S: 5.4Q2 2024 · P/S: 6.4Q4 2024 · P/S: 5.2Q2 2025 · P/S: 4.9Q4 2025 · P/S: 4.7Q2 2026 · P/S: 5.5Q4 2026 · P/S: 6.8Q2 2021Q4 2026
P/EP/S
Revenue$58.8B2026
$16.3B$32.5B$48.8B$65.1B2019: $44.6B2020: $39.2B2021: $57.3B2022: $65.1B2023: $53.8B2024: $55.7B2025: $51.3B2026: $58.8B20192026
Net income$9.8B2026
$7.7B$15.5B$23.2B$30.9B2019: $8.3B2020: $8B2021: $11.3B2022: $30.9B2023: $12.9B2024: $7.9B2025: $9B2026: $9.8B20192026
EBITDA$30.7B2026
$9.3B$18.6B$28B$37.3B2019: $22.2B2020: $18B2021: $33.3B2022: $37.3B2023: $25.6B2024: $26.8B2025: $23.4B2026: $30.7B20192026
Free cash flow$11.9B2026
$6.5B$13B$19.5B$26.1B2019: $10.7B2020: $8.1B2021: $21.4B2022: $26.1B2023: $11.6B2024: $11.8B2025: $9.3B2026: $11.9B20192026
EPS$3.862026
$2$3.99$5.99$7.982019: $3.322020: $3.12021: $4.562022: $7.982023: $5.12024: $3.122025: $3.562026: $3.8620192026
Cash / Debt$18.4B2026
$6.8B$13.5B$20.3B$27B2019 · Cash: $15.6B2019 · Debt: $24.8B2020 · Cash: $13.4B2020 · Debt: $27B2021 · Cash: $15.2B2021 · Debt: $21B2022 · Cash: $17.2B2022 · Debt: $16.4B2023 · Cash: $12.4B2023 · Debt: $22.3B2024 · Cash: $12.4B2024 · Debt: $20.2B2025 · Cash: $11.9B2025 · Debt: $24.5B2026 · Cash: $18.4B2026 · Debt: $26.2B20192026
CashDebt
Profitability+75.6%2026
+21.6%+43.2%+64.9%+86.5%2019 · Gross margin: +82.8%2020 · Gross margin: +81.1%2021 · Gross margin: +86.5%2022 · Gross margin: +85.7%2023 · Gross margin: +79.7%2024 · Gross margin: +82.2%2025 · Gross margin: +82.2%2026 · Gross margin: +75.6%2019 · Operating margin: +36.2%2020 · Operating margin: +34.9%2021 · Operating margin: +44.6%2022 · Operating margin: +52.4%2023 · Operating margin: +42.6%2024 · Operating margin: +31.5%2025 · Operating margin: +38.0%2026 · Operating margin: +43.4%2019 · Net margin: +18.6%2020 · Net margin: +20.3%2021 · Net margin: +19.7%2022 · Net margin: +47.5%2023 · Net margin: +24.0%2024 · Net margin: +14.2%2025 · Net margin: +17.6%2026 · Net margin: +16.7%20192026
Gross marginOperating marginNet margin
Revenue growth+14.6%2026
-1.4%+14.5%+30.3%+46.2%2020: -12.2%2021: +46.2%2022: +13.7%2023: -17.3%2024: +3.4%2025: -7.9%2026: +14.6%20192026
Shares outstanding2.5B2026
649.1M1.3B1.9B2.6B2019: 2.6B2020: 2.5B2021: 2.5B2022: 2.5B2023: 2.5B2024: 2.5B2025: 2.5B2026: 2.5B20192026
Valuation21.52026
5.410.716.121.52019 · P/E: 15.62020 · P/E: 14.32021 · P/E: 14.22022 · P/E: 7.02023 · P/E: 11.72024 · P/E: 18.52025 · P/E: 13.52026 · P/E: 21.52019 · P/S: 2.92020 · P/S: 2.92021 · P/S: 2.82022 · P/S: 2.22023 · P/S: 2.82024 · P/S: 2.62025 · P/S: 2.42026 · P/S: 3.620192026
P/EP/S

Next catalyst

Catalysts

Earnings
2027-02-23
Revenue est. $29.4B · Updated 2h ago
Dividend
$1.98
2026-09-04

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.01$58.1B+13%4
FY 20274.89$57.2B-3%4
FY 20284.88$56.8B-3%3
FY 20295.03$58B-1%5
FY 20304.79$59.9B+2%3
FY 20315.00$58.2B-1%4

Company events

6
2027-02-23EarningsActual - / Estimate 2.58-
2026-09-04Dividend$1.98-
2026-08-17EarningsActual 2.76 / Estimate 2.67Beat
2026-03-06Dividend$1.46-
2026-02-16EarningsActual 2.24 / Estimate 2.4Miss
2025-09-05Dividend$1.2-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering BHP have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings1867
Analysts715
Buy / hold / sell6 / 10 / 226 / 37 / 4
Upgrades / downgrades / initiations1 / 0 / 04 / 6 / 0
Price targets hit / missed12 / 4 (75%)49 / 4 (92%)
Avg. return after a rating (TipRanks)+65.1%+67.7%
Best / worst call+235.3% / -10.5%+235.3% / -10.5%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Aug 18, 2026Kate McCutcheonBank of America SecuritiesHoldMaintained
Aug 11, 2026Bob BrackettBernsteinHoldMaintained$61.50
Jul 16, 2026Kate McCutcheonBank of America SecuritiesHoldMaintained$45.87
Jul 15, 2026Bob BrackettBernsteinHoldMaintained
Jun 22, 2026Jason FaircloughBank of America SecuritiesHoldMaintained$91.00

TipRanks data via FMP · computed Sep 23, 2026 · 18 ratings

Frequently asked questions

Where can I trade BHP perpetual futures?

BHP Group Limited (BHP) perpetual futures trade on 2 crypto venues, including Bitget, Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BHP around the clock?

Yes. Unlike the underlying stock, BHP perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on BHP perpetuals?

Right now the BHP perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BHP perp price compare to the BHP Group Limited stock?

The venue-median BHP perp mark is $85.3 versus a reference stock price of $85.8, a basis of -0.6%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a BHP perpetual future?

A BHP perpetual is a derivative that tracks the price of BHP Group Limited with no expiry date. It lets you take long or short exposure to BHP Group Limited on crypto venues, around the clock.

What is BHPUSDT perpetual?

BHPUSDT is the symbol most crypto exchanges use for the BHP Group Limited perpetual settled in USDT (Tether). It tracks the BHP share price through an index, trades 24/7 with leverage and never expires.

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