BHP vs MOS: How BHP Group and The Mosaic Company Compare (2026)

Same yardstick, side by side (as of July 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: MOS is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. BHP and MOS share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined BHP and MOS exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

BHP Group is a global diversified resources company headquartered in Australia and dual-listed, with a US ADR trading on the NYSE under BHP. Its core businesses are Western Australia iron ore (the largest earnings contributor historically and among the lowest-cost in the world), copper (mines including Escondida in Chile plus operations in Australia and the Americas), metallurgical coal, and a growing potash business anchored by the Jansen project in Canada. BHP reports on an Australian fiscal year ending June 30 and reports in US dollars; in FY2025 revenue was around $51 billion with underlying EBITDA near $26 billion at roughly a 53% margin.

Full BHP guide

The Mosaic Company is a leading global producer and marketer of concentrated phosphate and potash, the two primary crop nutrients it mines, processes, and distributes to farmers and dealers worldwide. Its business runs across three reporting segments: Phosphates (finished phosphate fertilizers plus premium products like MicroEssentials), Potash (potassium fertilizer from mines in Saskatchewan, New Mexico, and elsewhere), and Mosaic Fertilizantes, a large Brazil-based production and distribution arm that now drives roughly a third of the company's business. Mosaic sells into agriculture, where nutrient demand is tied to planted acreage, crop prices, and farmer economics.

Full MOS guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• BHP drivers: Copper as the growth engine; Low-cost iron ore cash engine.
• MOS drivers: Global crop-nutrient demand; Potash and Esterhazy productivity.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: BHP's earnings are highly sensitive to iron ore and copper prices, which are driven by Chinese property and steel demand, global growth, and supply from rivals. For MOS, mosaic is a cyclical commodity producer, so its earnings can swing dramatically with potash and phosphate prices and are exposed to sharp input-cost inflation in sulfur, ammonia, and natural gas.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick BHP if you believe its drivers more; MOS if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the BHP and MOS guides.

BHP. BHP reports on an Australian fiscal year ending June 30 and reports in US dollars. FY2025 revenue fell about 8% to roughly $51 billion on lower iron ore and coal prices, even as copper reached a record. The variable dividend and cyclical earnings mean valuation multiples and yield shift with the commodity cycle rather than staying fixed.

MOS. Mosaic's trailing revenue of roughly $12.4 billion contrasts with thin trailing profitability, reflecting the input-cost squeeze that produced a first-quarter 2026 net loss. The very high trailing price-to-earnings ratio is a function of depressed earnings rather than a growth premium, which is typical for a commodity producer near a cyclical low. Figures are approximate and move with nutrient prices and quarterly results.

Headline figures (approximate, JULY 2026): BHP shows revenue (fy2025) ~$51 billion, underlying ebitda (fy2025) ~$26 billion (~53% margin), market capitalization ~$205 billion, dividend yield (adr) ~3.3% to 3.5%; MOS shows revenue (ttm) ~$12.4 billion, market cap ~$6.8 billion, q1 2026 net result ~$258 million net loss, diluted eps (ttm) ~$0.14.

BHP and MOS are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined BHP and MOS exposure against your real portfolio. It is not an investment adviser.