Baker Hughes Company
BKR Energy Oil & Gas Equipment & Services
Baker Hughes Company’s revenue for fiscal 2025 (year ended December 2025) was $27.7 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 2.43%, EPS fell 2.82%, free cash flow grew 366.0% and total debt rose 169.4%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, operating cash flow growth for three.
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Baker Hughes Company (BKR) Free cash flow margin
Baker Hughes Company's free cash flow margin over the twelve months to 30 June 2026 was 12.1%, up 2.3 percentage points from fiscal 2025 (9.85%). Over the past ten years it has ranged from −7.52% (fiscal 2017) to 9.85% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Equipment & Services industry median of 5.35% and above the Energy sector median of 6.79%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 9.85% | 1.74 |
| FY2024 | 8.11% | 0.09 |
| FY2023 | 8.02% | 2.74 |
| FY2022 | 5.28% | (3.66) |
| FY2021 | 8.94% | 6.44 |
| FY2020 | 2.50% | (2.32) |
| FY2019 | 4.82% | (0.53) |
| FY2018 | 5.35% | 12.87 |
| FY2017 | −7.52% | (6.43) |
| FY2016 | −1.09% | (5.28) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| LB LandBridge Company LLC compare | 67.2% |
| FTI TechnipFMC plc compare | 15.2% |
| TS Tenaris S.A. compare | 14.1% |
| SLB SLB Limited compare | 12.4% |
| BKR Baker Hughes Company | 12.1% |
| WFRD Weatherford International PLC compare | 11.4% |
| HAL Halliburton Company compare | 8.68% |
| NOV NOV Inc. compare | 6.97% |
| SEI Solaris Energy Infrastructure, Inc. compare | −95.0% |
| Oil & Gas Equipment & Services industry median | 5.35% |
| Energy sector median | 6.79% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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