Saturday 17 October 2026 Export BKR’s income statement to Excel — free account

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.

55.70 1.30 +2.39%

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Market cap: $54.0B
P/E: 17.7×
Fwd P/E: 23.2×
Dividend yield: 1.65%
F-score: 7/9
Altman Z: 2.22
Beneish M: −2.67
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 73.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	6	4	—	1	4	1	—	—	—

Insider Ownership 0.21%

Capital & Financial Ratios $m

Market Cap 54,000.00

Revenue 27,725.00

Net Income 3,124.00

Free Cash Flow 3,359.00

Net Debt 526.00

Current Ratio 2.09

Debt/Equity 0.81

P/E ratio 17.74

Fwd P/E 23.20

P/S ratio 1.99

P/B ratio 2.75

Past 5Y EPS Growth —

This Y EPS Growth 3.36%

Next Y EPS Growth 10.81%

Next Y revenue growth 6.52%

Next 5Y EPS Growth 11.13%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 31.28%

10-year low 10-year high

P/S against its own 10 years 91.08%

10-year low 10-year high

P/B against its own 10 years 93.25%

10-year low 10-year high

EV/Sales against its own 10 years 92.19%

10-year low 10-year high

EV/FCF against its own 10 years 28.49%

10-year low 10-year high

Dividends

Payout Ratio 0.30

Annual Dividend Rate 0.92

Annual Dividend Yield 1.65%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.93	0.23 0.23 0.23
2025	0.92	0.23 0.23 0.23 0.23
2024	0.84	0.21 0.21 0.21 0.21
2023	0.78	0.19 0.19 0.20 0.20
2022	0.73	0.18 0.18 0.18 0.19
2021	0.72	0.18 0.18 0.18 0.18
2020	0.72	0.18 0.18 0.18 0.18
2019	0.72	0.18 0.18 0.18 0.18
2018	0.72	0.18 0.18 0.18 0.18
2017	0.69	0.17 0.17 17.50 0.17 0.18
2016	0.68	0.17 0.17 0.17 0.17

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,646	3,364	3,715	15,727
Receivables	7,075	7,122	6,641	6,654
Inventory	5,094	4,954	4,954	4,961
Other	1,486	1,771	3,518	3,241
	16,301	17,211	18,828	30,583

	2023	2024	2025	Q'26
Payables	4,471	4,542	4,579	4,509
ST’ Debt	148	53	689	774
Other	8,372	8,396	8,609	9,316
	12,991	12,991	13,877	14,599

Compound Annual Growth %

	10y	5y	3y
Sales	5.21%	6.02%	9.44%
Cash Flow	11.55%	23.92%	26.37%
Earnings	0.00%	0.00%	0.00%
Book Value	1.50%	0.83%	9.38%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6,587	6,742	—	—	—
’25	6,427	6,910	7,010	7,386	27,733
’24	6,418	7,139	6,908	7,364	27,829
’23	5,716	6,315	6,641	6,834	25,506
’22	4,835	5,047	5,369	5,905	21,156
’21	4,782	5,142	5,093	5,485	20,502
’20	5,425	4,736	5,049	5,495	20,705

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	500	1,345	—	—	—
’25	709	510	929	1,662	3,810
’24	784	348	1,010	1,190	3,332
’23	461	859	810	932	3,062
’22	72	321	597	898	1,888
’21	678	506	416	774	2,374
’20	478	230	219	377	1,304

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	210	1,109	—	—	—
’25	454	238	699	1,341	2,732
’24	502	106	754	895	2,257
’23	197	623	592	634	2,046
’22	(105)	147	417	657	1,116
’21	498	385	305	645	1,833
’20	153	62	52	250	517

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.93	0.68	—	—	—
’25	0.40	0.71	0.61	0.88	2.60
’24	0.45	0.58	0.77	1.18	2.98
’23	0.57	0.40	0.51	0.43	1.91
’22	0.08	(0.84)	(0.02)	0.18	(0.61)
’21	(0.61)	(0.08)	0.01	0.32	(0.27)
’20	(15.64)	(0.31)	(0.25)	0.91	(14.73)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	37.58	29.62	20.09	20.43	9.12	18.75	20.42	26.12	28.32	33.60	Analyst estimates 2026–2028 Powerpack
	High	68.59	65.80	37.76	28.65	25.99	27.66	39.78	37.58	45.17	51.12
People
People	Employees	33,000	64,000	66,000	68,000	55,000	54,000	55,000	58,000	57,000	56,000
	Revenue/emp, $m	0.40	0.27	0.35	0.35	0.38	0.38	0.38	0.44	0.49	0.50
Income, $m
Income, $m	Revenue	13,082	17,179	22,877	23,838	20,705	20,502	21,156	25,506	27,829	27,733
	Gross margin, %	22.41	17.67	17.42	18.59	15.45	19.75	20.80	23.14	23.30	23.60
	EBT	358	(335)	680	753	(15,202)	428	22	2,655	3,265	2,877
	EBT margin, %	2.74	(1.95)	2.97	3.16	(73.42)	2.09	0.10	10.41	11.73	10.37
	Net income	185	(391)	283	271	(15,761)	(330)	(578)	1,970	3,008	2,624
	Depreciation	550	1,103	1,486	1,418	16,090	1,105	1,061	1,087	1,136	1,188
Per share, $
Per share, $	Revenue	23.94	40.23	53.58	42.95	30.67	24.88	21.43	25.30	28.00	28.07
	Earnings	(6.31)	(0.31)	0.46	0.23	(14.73)	(0.27)	(0.61)	1.93	3.00	2.62
	Cash flow	0.48	(1.87)	4.13	3.83	1.93	2.88	1.91	3.04	3.35	3.86
	Capex	(0.74)	(1.15)	(1.26)	(1.76)	(1.17)	(0.66)	(0.78)	(1.01)	(1.08)	(1.09)
	Free cash flow	(0.26)	(3.03)	2.87	2.07	0.77	2.22	1.13	2.03	2.27	2.77
	Book value	27.18	89.95	82.00	62.16	27.03	20.32	14.72	15.40	17.16	19.24
	Shares, m	546	427	427	555	675	824	987	1,008	994	988
Valuation, ×
Valuation, ×	P/E	0.00	0.00	50.00	116.50	0.00	0.00	0.00	17.58	13.67	17.32
	P/S	2.13	0.80	0.40	0.60	0.68	0.97	1.34	1.34	1.47	1.62
	P/B	1.87	0.36	0.26	0.41	0.77	1.18	1.95	2.20	2.39	2.37
	EV/Sales	2.07	0.88	0.55	0.74	0.85	1.11	1.54	1.47	1.56	1.71
	EV/FCF	(191.05)	(11.67)	10.35	15.30	33.99	12.38	29.16	18.37	19.24	17.34
Cash, $m
Cash, $m	Operating cash flow	262	(799)	1,762	2,126	1,304	2,374	1,888	3,062	3,332	3,810
	Capex	(404)	(493)	(537)	(976)	(787)	(541)	(772)	(1,016)	(1,075)	(1,078)
	Free cash flow	(142)	(1,292)	1,225	1,150	517	1,833	1,116	2,046	2,257	2,732
Balance, $m
Balance, $m	Working capital	2,467	9,197	5,951	5,208	6,228	5,937	3,517	3,310	4,220	4,951
	Total debt	277	8,349	7,227	6,622	7,633	6,727	6,657	6,020	6,023	6,087
	Net debt	(704)	1,319	3,504	3,373	3,501	2,874	4,169	3,374	2,659	2,372
	Shareholders’ equity	14,855	38,410	35,013	34,499	18,242	16,746	14,525	15,519	17,055	19,010
Returns, %
Returns, %	ROA	0.00	(0.26)	0.36	0.24	(21.76)	(0.60)	(1.73)	5.46	7.91	6.53
	ROIC	2.02	(0.45)	1.14	1.77	(45.93)	4.17	3.96	7.70	9.90	9.77
	ROE	0.00	(0.39)	0.53	0.37	(37.69)	(1.25)	(3.84)	12.93	18.29	14.35

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SLB SLB Limited	$71.8B	23.8×	21.0×	+4.98% (above 0%: growing)	−28.38% (below 0%: shrinking)	+13.53% (above 0%: growing)	15.55%	11.94%	Compare
BKR Baker Hughes Company	$54.0B	17.7×	23.2×	−2.43% (below 0%: shrinking)	−2.82% (below 0%: shrinking)	+365.97% (above 0%: growing)	23.39%	14.21%
TS Tenaris S.A.	$30.7B	15.9×	—	−3.86% (below 0%: shrinking)	−4.04% (below 0%: shrinking)	−33.29% (below 0%: shrinking)	33.19%	16.65%	Compare
HAL Halliburton Company	$27.4B	17.5×	16.7×	+3.70% (above 0%: growing)	+16.36% (above 0%: growing)	+14.78% (above 0%: growing)	14.07%	13.62%	Compare
FTI TechnipFMC plc	$26.8B	23.7×	22.8×	+9.01% (above 0%: growing)	+41.54% (above 0%: growing)	+87.22% (above 0%: growing)	24.78%	17.54%	Compare
NOV NOV Inc.	$6.6B	72.8×	25.5×	−2.47% (below 0%: shrinking)	+6.90% (above 0%: growing)	−116.81% (below 0%: shrinking)	24.41%	9.04%	Compare
LB LandBridge Company LLC	$6.3B	60.9×	47.5×	+40.62% (above 0%: growing)	+43.33% (above 0%: growing)	+11.25% (above 0%: growing)	98.30%	66.07%	Compare
WFRD Weatherford International PLC	$5.5B	14.9×	16.5×	−8.22% (below 0%: shrinking)	−70.59% (below 0%: shrinking)	+77.50% (above 0%: growing)	30.14%	9.68%	Compare
SEI Solaris Energy Infrastructure, Inc.	$5.2B	61.5×	55.4×	+46.92% (above 0%: growing)	+13.33% (above 0%: growing)	−89.73% (below 0%: shrinking)	57.55%	25.76%	Compare
Median of peers	$16.7B	23.7×	22.8×	+4.34%	+10.12%	+12.39%	27.46%	15.13%

All 46 Oil & Gas Equipment & Services stocks →