Baker Hughes Co BKR
Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward.
With our diverse portfolio, leading technology and clear purpose to make energy safer, cleaner and more efficient, Baker Hughes is well positioned to deliver solutions across industrial and energy markets. By integrating health, safety & environment ("HSE") into everything we do, we protect our people, our customers, and the environment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.73B | $27.83B | $25.51B | $21.16B | $20.50B | $20.70B | $23.84B | $22.88B | $17.18B | $13.08B |
| Cost of revenue | — | — | — | — | — | — | — | — | $4.64B | $2.31B |
| Gross profit | — | — | — | — | — | — | $4.43B | $3.99B | $3.04B | $2.93B |
| R&D | $600.0M | $643.0M | $651.0M | $552.0M | $492.0M | $595.0M | $687.0M | $700.0M | $501.0M | $352.0M |
| SG&A | $2.39B | $2.46B | $2.61B | $2.51B | $2.47B | $2.40B | $2.83B | $2.70B | $2.54B | $1.93B |
| Total operating expenses | — | $24.75B | $23.19B | $19.97B | $19.19B | — | $22.76B | $22.18B | $17.46B | $12.62B |
| Operating income | — | $3.08B | $2.32B | $1.19B | $1.31B | -$15.98B | $1.07B | $701.0M | -$284.0M | $457.0M |
| Interest expense | $222.0M | $198.0M | $216.0M | $252.0M | $299.0M | $264.0M | $237.0M | $223.0M | $131.0M | $102.0M |
| Pre-tax income | $2.88B | $3.27B | $2.65B | $22.0M | $428.0M | -$15.20B | $753.0M | $541.0M | -$346.0M | $358.0M |
| Income tax | $253.0M | $257.0M | $685.0M | $600.0M | $758.0M | $559.0M | $482.0M | $258.0M | $45.0M | $173.0M |
| Net income | $2.59B | $2.98B | $1.94B | -$601.0M | -$219.0M | -$9.94B | $128.0M | $195.0M | -$103.0M | $0 |
| EPS, basic | — | 3.00 | 1.93 | -0.61 | -0.27 | -14.73 | 0.23 | 0.46 | -0.24 | — |
| EPS, diluted | — | 2.98 | 1.91 | -0.61 | -0.27 | -14.73 | 0.23 | 0.45 | -0.24 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.71B | $3.36B | $2.65B | $2.49B | $3.85B | $4.13B | $3.25B | $3.72B | $7.03B | $981.0M |
| Receivables | $6.64B | $7.12B | $7.08B | $5.96B | $5.65B | $5.62B | $6.42B | $5.97B | $6.01B | $2.56B |
| Inventory | $4.95B | $4.95B | $5.09B | $4.59B | $3.98B | $4.42B | $4.61B | $4.62B | $4.51B | $3.22B |
| Total current assets | $18.83B | $17.21B | $16.30B | $14.59B | $15.06B | $16.45B | $15.22B | $14.97B | $18.42B | $7.40B |
| Property, plant and equipment | $5.33B | $5.13B | $4.89B | $4.54B | $4.88B | $5.36B | $6.24B | $6.23B | $6.96B | $2.33B |
| Goodwill | $6.07B | $6.08B | $6.14B | $5.93B | $5.96B | $5.98B | $20.69B | $20.72B | $19.93B | $6.68B |
| Other intangibles | $4.10B | $3.95B | $4.09B | $4.18B | $4.13B | $4.40B | $5.38B | $5.72B | $6.36B | $2.45B |
| Total assets | $40.88B | $38.36B | $36.95B | $34.18B | $35.31B | $38.01B | $53.37B | $52.44B | $56.50B | $21.72B |
| Accounts payable | $4.58B | $4.54B | $4.47B | $4.30B | $3.75B | $3.53B | $4.27B | $4.03B | $3.38B | $1.90B |
| Short-term debt | $689.0M | $53.0M | $148.0M | $677.0M | $40.0M | $889.0M | $321.0M | $942.0M | $2.04B | $239.0M |
| Total current liabilities | $13.88B | $12.99B | $12.99B | $11.07B | $9.13B | $10.23B | $10.01B | $9.02B | $9.23B | $4.93B |
| Retained earnings | -$3.25B | -$5.84B | -$8.82B | -$10.76B | -$10.16B | -$9.94B | $0 | $25.0M | -$103.0M | $0 |
| Total equity | $18.83B | $16.89B | $15.52B | $14.53B | $16.75B | $18.24B | $34.50B | $35.01B | $38.41B | $14.28B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.81B | $3.33B | $3.06B | $1.89B | $2.37B | $1.30B | $2.13B | $1.76B | -$799.0M | $262.0M |
| Depreciation and amortisation | $1.19B | $1.14B | $1.09B | $1.06B | $1.10B | $1.32B | $1.42B | $1.49B | $1.10B | $550.0M |
| Stock-based compensation | $203.0M | $202.0M | $197.0M | $207.0M | $205.0M | $210.0M | — | — | — | — |
| Capital expenditure | $1.27B | $1.28B | $1.22B | $989.0M | $856.0M | $974.0M | $1.24B | $995.0M | $665.0M | $424.0M |
| Investing cash flow | -$2.04B | -$1.02B | -$817.0M | -$1.56B | -$463.0M | -$618.0M | -$1.04B | -$578.0M | -$4.12B | -$472.0M |
| Financing cash flow | -$1.48B | -$1.53B | -$2.03B | -$1.59B | -$2.14B | $225.0M | -$1.53B | -$4.36B | $10.92B | -$102.0M |
| Dividends paid | $910.0M | $836.0M | $786.0M | $726.0M | $592.0M | $488.0M | $395.0M | $315.0M | $155.0M | $0 |
| Buybacks | $384.0M | $484.0M | $538.0M | $828.0M | $434.0M | $0 | $0 | $387.0M | $174.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001701605-26-000007.
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