Baker Hughes Co BKR

Industrials SIC 3533 - Oil & Gas Field Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Mining and Oil and Gas Field Machinery Manufacturing › Oil and Gas Field Machinery and Equipment Manufacturing derived Nasdaq

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.

Last close 55.86 2026-10-23
Market cap $55.45B 2026-06-30 share count
52-week range 44.26 - 70.41

Valuation FY2025 figures against the last close

P/S2.0x
P/E—
P/FCF21.9x
EV/EBITDA—
Dividend yield1.6%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 —3.001.93-0.61-0.27-14.730.230.46-0.24—
EPS, diluted —2.981.91-0.61-0.27-14.730.230.45-0.24—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 13.1B Gross profit, FY2016: 2.9B Net income, FY2016: 0 Revenue, FY2017: 17.2B Gross profit, FY2017: 3B Net income, FY2017: -103M Revenue, FY2018: 22.9B Gross profit, FY2018: 4B Net income, FY2018: 195M Revenue, FY2019: 23.8B Gross profit, FY2019: 4.4B Net income, FY2019: 128M Revenue, FY2020: 20.7B Net income, FY2020: -9.9B Revenue, FY2021: 20.5B Net income, FY2021: -219M Revenue, FY2022: 21.2B Net income, FY2022: -601M Revenue, FY2023: 25.5B Net income, FY2023: 1.9B Revenue, FY2024: 27.8B Net income, FY2024: 3B Revenue, FY2025: 27.7B Net income, FY2025: 2.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $13.08B $17.18B $22.88B $23.84B $20.70B $20.50B $21.16B $25.51B $27.83B $27.73B
Gross profit $2.93B $3.04B $3.99B $4.43B — — — — — —
Net income $0 -$103.0M $195.0M $128.0M -$9.94B -$219.0M -$601.0M $1.94B $2.98B $2.59B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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