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Financials · BKR

Baker Hughes Company (BKR) financials

For the twelve months ended Sep 30, 2026, Baker Hughes Company reported $28.74B of revenue and $2.90B of net income.

Revenue, TTM
$28.74B
Revenue growth, YoY
+3.7%
Net income, TTM
$2.90B
Net income growth, YoY
+0.2%
Net margin
10.1%
Free cash flow, TTM
$3.23B
Cash
$4.07B
Total debt
$18.26B
P/E
16.37
P/S
1.65
Market cap
$47.44B
Annual revenue$27.73B
FY2016FY2025
Annual net income$2.59B
FY2016FY2025
Annual free cash flow$2.54B
FY2016FY2025

BKR revenue and earnings growth

BKR revenueQ3 2026$8.03B

Quarter YoY
+14.5%
QoQ
+19.0%
FY YoY
-0.3%
5Y CAGR
+6.0%
10Y CAGR
+5.2%

BKR revenue was $8.03B in fiscal Q3 2026 (ended Sep 30, 2026), up 14.5% from a year earlier and up 19.0% from the prior quarter. For the full fiscal 2025 it was $27.73B, down 0.3% from fiscal 2024. Compound annual growth was +6.0% over 5 years and +5.2% over 10 years. It rose in 6 of the last 10 fiscal years.

BKR net incomeQ3 2026$411.00M

Quarter YoY
-32.5%
QoQ
-39.6%
FY YoY
-13.1%

BKR net income was $411.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 32.5% from a year earlier and down 39.6% from the prior quarter. For the full fiscal 2025 it was $2.59B, down 13.1% from fiscal 2024.

BKR free cash flowQ3 2026$734.00M

Quarter YoY
+15.8%
QoQ
-29.8%
FY YoY
+23.5%
5Y CAGR
+50.4%
10Y CAGR
+14.2%

BKR free cash flow was $734.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.8% from a year earlier and down 29.8% from the prior quarter. For the full fiscal 2025 it was $2.54B, up 23.5% from fiscal 2024. Compound annual growth was +50.4% over 5 years and +14.2% over 10 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$27.73B$27.83B$25.51B$21.16B$20.50B$20.70B$23.84B$22.88B$17.18B$13.08B
Cost of revenue--------$9.40B$7.82B
Gross profit------$4.43B$3.99B$3.04B$3.15B
Research and development$600.00M$643.00M$651.00M$552.00M$492.00M$595.00M$687.00M$700.00M$501.00M$352.00M
Selling, general and admin$2.39B$2.46B$2.61B$2.51B$2.47B$2.40B$2.83B$2.70B$2.54B$1.93B
Operating income-$3.08B$2.32B$1.19B$1.31B-$15.98B$1.07B$701.00M-$284.00M$457.00M
Pre-tax income$2.88B$3.27B$2.65B$22.00M$428.00M-$15.20B$753.00M$541.00M-$346.00M$358.00M
Income tax$253.00M$257.00M$685.00M$600.00M$758.00M$559.00M$482.00M$258.00M$45.00M$173.00M
Net income$2.59B$2.98B$1.94B-$601.00M-$219.00M-$9.94B$128.00M$195.00M-$103.00M$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

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$3.71B$3.36B$2.65B$2.49B$3.85B$4.13B$3.25B$3.72B$7.03B$981.00M
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
Current assets$18.83B$17.21B$16.30B$14.59B$15.06B$16.45B$15.22B$14.97B$18.42B$7.40B
Goodwill$6.07B$6.08B$6.14B$5.93B$5.96B$5.98B$20.69B$20.72B$19.93B$6.68B
Total assets$40.88B$38.36B$36.95B$34.18B$35.31B$38.01B$53.37B$52.44B$56.50B$21.72B
Current liabilities$13.88B$12.99B$12.99B$11.07B$9.13B$10.23B$10.01B$9.02B$9.23B$4.93B
Short-term debt$689.00M$53.00M$148.00M$677.00M$40.00M$889.00M$321.00M$942.00M$2.04B$239.00M
Long-term debt$5.40B$5.97B$5.87B$5.98B$6.69B$6.74B$6.30B$6.29B$6.31B$38.00M
Total debt$6.09B$6.02B$6.02B$6.66B$6.73B$7.63B$6.62B$7.23B$8.35B$277.00M
Total liabilities$21.87B$21.31B$21.43B$19.66B$18.56B$19.77B$18.87B$17.43B$18.09B$0
Shareholders' equity$18.83B$17.05B$15.52B$14.53B$16.75B$18.24B$34.50B$35.01B$38.41B$14.28B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.81B$3.33B$3.06B$1.89B$2.37B$1.30B$2.13B$1.76B-$799.00M$262.00M
Capital expenditures$1.27B$1.28B$1.22B$989.00M$856.00M$974.00M$1.24B$995.00M$665.00M$424.00M
Free cash flow$2.54B$2.05B$1.84B$899.00M$1.52B$330.00M$886.00M$767.00M-$1.46B-$162.00M
Investing cash flow-$2.04B-$1.02B-$817.00M-$1.56B-$463.00M-$618.00M-$1.04B-$578.00M-$4.12B-$472.00M
Financing cash flow-$1.48B-$1.53B-$2.03B-$1.59B-$2.14B$225.00M-$1.53B-$4.36B$10.92B-$102.00M
Dividends paid$910.00M$836.00M$786.00M$726.00M$592.00M$488.00M$395.00M$315.00M$155.00M$0
Share repurchases$384.00M$484.00M$538.00M$828.00M$434.00M$0$0$387.00M$174.00M$0
Stock-based compensation$203.00M$202.00M$197.00M$207.00M$205.00M$210.00M----
Depreciation and amortization$1.19B$1.14B$1.09B$1.06B$1.10B$1.32B$1.42B$1.49B$1.10B$550.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-0.3%9.1%20.6%3.2%-1.0%-13.1%4.2%33.2%31.3%-21.6%
Net income growth, YoY-13.1%53.3%-----34.4%---
EPS growth, YoY-56.0%-----48.9%---
Gross margin------18.6%17.4%17.7%24.0%
Operating margin-11.1%9.1%5.6%6.4%-77.2%4.5%3.1%-1.7%3.5%
Net margin9.3%10.7%7.6%-2.8%-1.1%-48.0%0.5%0.9%-0.6%0.0%
Free cash flow margin9.1%7.4%7.2%4.2%7.4%1.6%3.7%3.4%-8.5%-1.2%
Return on equity13.7%17.5%12.5%-4.1%-1.3%-54.5%0.4%0.6%-0.3%0.0%
Return on assets6.3%7.8%5.3%-1.8%-0.6%-26.2%0.2%0.4%-0.2%0.0%
Current ratio1.361.321.251.321.651.611.521.662.001.50
Debt to equity0.320.350.390.460.400.420.190.210.220.02

Source: XBRL data Baker Hughes Company files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BKR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BKR$28.74B+3.7%$2.90B10.1%$47.44B
SLB$36.89B+4.6%$3.10B8.4%$73.65B
HAL$22.48B+1.5%$2.01B8.9%$26.35B
NOV$8.69B-1.0%$148.00M1.7%$6.30B
WFRD$4.69B-5.7%$409.00M8.7%$6.11B

BKR FAQ

7 questions
  • What is BKR revenue?
    Baker Hughes Company (BKR) reported $28.74B of revenue for the twelve months ended Sep 30, 2026. That is up 3.7% from the year before. Revenue for fiscal 2025 was $27.73B.
  • Is BKR profitable?
    Yes. Baker Hughes Company earned $2.90B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.1%.
  • How much cash and debt does BKR have?
    Baker Hughes Company reported $4.07B in cash and cash equivalents and $18.26B of debt on its most recent balance sheet in SEC filings.
  • How fast is BKR revenue growing?
    Baker Hughes Company's revenue changed -0.3% in fiscal 2025, to $27.73B. Its compound annual growth rate was +6.0% over 5 years and +5.2% over 10 years.
  • What is BKR free cash flow?
    Baker Hughes Company generated $3.23B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.51B less capital expenditures.
  • When did BKR last report financial results?
    The latest statements here come from Baker Hughes Company's 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this BKR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Baker Hughes Company files with the SEC. It is provided for information only and is not investment advice.