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MARKETS / NASDAQ / BKR
NASDAQ · OIL & GAS FIELD MACHINERY & EQUIPMENT · LARGE CAP

Baker Hughes Co. BKR

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$27.7B
▼ 0.3% YoY
$2.6B
▼ 13.1% YoY
$2.5B
▲ 23.5% YoY
In brief

What this company does

Baker Hughes provides technologies and services that span the energy and industrial value chain, conducting business in over 120 countries. As of December 31, 2025, it had approximately 56,000 employees, more than 45,000 of whom work outside the United States. Sales are made through direct and indirect channels, the primary one being a direct sales force organised around local teams. The business is run in two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The OFSE segment designs and manufactures products and provides related services and integrated solutions for onshore and offshore oilfield operations, from exploration and development through production and decommissioning. Four product lines make up the OFSE segment. The IET segment supplies domain expertise, technologies, software and services to energy and industrial customers, in applications that include LNG, pipeline and gas storage, refining, petrochemical, hydrogen, geothermal, CCUS and power. In 2025 it spent $600 million on research and development and was granted more than 1,400 patents worldwide.

Written from the business description in Baker Hughes Company's annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth
USD 27.7B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 27.7 · Net income 2.6
10B20B-4B-8B201520172019202120232025
Compound annual growth
+9.4%
+6.0%
+5.2%
+66.9%
−5.9%
+21.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.4% · Net 9.5%
5%10%-20%-40%-60%201520172019202120232025
ROE
FY2025 · ROE 14.5%
5%10%15%-20%-40%201520172019202120232025

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders
USD 1.3B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 2.5
1.0B2.0B-0.5B-1.0B201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 910.0 · Net buybacks 384.0
800MDividendsNet buybacks201520172019202120232025

USD 910.0M in dividends and USD 384.0M in buybacks — 50% of the year's profit went back to shareholders.

Total assetsUSD 40.9B
EquityUSD 18.8B
CashUSD 3.7B
Gross debtUSD 6.1B
Net debtUSD 2.4B
Current ratio1.36×

Net debt stands at 13% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B27.727.825.521.220.520.723.822.917.213.116.7
Operating income $B2.93.32.71.21.3−16.01.10.7−0.30.5−0.1
EBITDA $B4.14.43.72.22.4−14.72.52.20.81.00.4
Income tax $B0.30.30.70.60.80.60.50.30.00.20.5
Net income $B2.63.01.9−0.6−0.2−9.90.10.2−0.10.00.0
Free cash flow $B2.52.11.80.91.50.30.90.8−1.5−0.20.7
EPS, diluted $·2.981.91−0.61−0.27−14.730.230.45−0.24··
Dividend / sh $···········
Payout %352840−121−270−5309162−150··
ROE %14.518.513.1−4.1−1.6−57.10.61.2−0.70.0·
Shares out B·······0.52···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 2 divergences in 33 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 61 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent
ActivityOil & Gas Field Machinery & Equipment
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2015

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