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) Operating margin
Baker Hughes Company's operating margin over the twelve months to 30 June 2026 was 14.5%, up 2.5 percentage points from fiscal 2025 (12.1%). Over the past ten years it has ranged from −77.2% (fiscal 2020) to 12.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Equipment & Services industry median of 9.34% and in line with the Energy sector median of 14.5%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 12.1% | 0.83 |
| FY2024 | 11.2% | 2.10 |
| FY2023 | 9.12% | 3.52 |
| FY2022 | 5.60% | (0.79) |
| FY2021 | 6.39% | 83.56 |
| FY2020 | −77.2% | (81.68) |
| FY2019 | 4.51% | 1.45 |
| FY2018 | 3.06% | 4.71 |
| FY2017 | −1.65% | (5.14) |
| FY2016 | 3.49% | 4.32 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 14.2% | (6.44) |
| Mar 2026 | 20.7% | 9.39 |
| Dec 2025 | 11.3% | (1.25) |
| Sep 2025 | 12.5% | (2.27) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| LB LandBridge Company LLC compare | 61.3% |
| SEI Solaris Energy Infrastructure, Inc. compare | 24.3% |
| TS Tenaris S.A. compare | 18.5% |
| BKR Baker Hughes Company | 14.5% |
| FTI TechnipFMC plc compare | 14.5% |
| WFRD Weatherford International PLC compare | 12.7% |
| SLB SLB Limited compare | 12.4% |
| HAL Halliburton Company compare | 11.4% |
| NOV NOV Inc. compare | 5.08% |
| Oil & Gas Equipment & Services industry median | 9.34% |
| Energy sector median | 14.5% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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