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Stocks · Industrials · Oil & Gas Field Machinery & Equipment

Baker Hughes

BKR Clue Score58
United States Fiscal year ends December CIK 0001701605
$56.70 +0.71% Close, 9 Oct 2026
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Price $56.70 +122.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 5 Jul 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue13.08Operating income0.46Net income0.00Fiscal year 2017Revenue17.18 +31.3%Operating income−0.28Net income−0.10EPS, diluted−0.24Fiscal year 2018Revenue22.88 +33.2%Operating income0.70Net income0.20EPS, diluted0.45Fiscal year 2019Revenue23.84 +4.2%Operating income1.07Net income0.13 −34.4%EPS, diluted0.23 −48.9%Fiscal year 2020Revenue20.71 −13.1%Operating income−15.98Net income−9.94 −7,865.6%EPS, diluted−14.73 −6,504.3%Fiscal year 2021Revenue20.50 −1.0%Operating income1.31Net income−0.22EPS, diluted−0.27Fiscal year 2022Revenue21.16 +3.2%Operating income1.19Net income−0.60EPS, diluted−0.61Fiscal year 2023Revenue25.51 +20.6%Operating income2.32Net income1.94EPS, diluted1.91Fiscal year 2024Revenue27.83 +9.1%Operating income3.08Net income2.98 +53.3%EPS, diluted2.98 +56.0%Fiscal year 2025Revenue27.73 −0.3%Net income2.59 −13.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 13.08 17.18 22.88 23.84 20.71 20.50 21.16 25.51 27.83 27.73
Growth +31.3% +33.2% +4.2% −13.1% −1.0% +3.2% +20.6% +9.1% −0.3%
Operating income 0.46 −0.28 0.70 1.07 −15.98 1.31 1.19 2.32 3.08 n/a
Net income 0.00 −0.10 0.20 0.13 −9.94 −0.22 −0.60 1.94 2.98 2.59
Growth −34.4% −7,865.6% +53.3% −13.1%
EPS, diluted n/a −0.24 0.45 0.23 −14.73 −0.27 −0.61 1.91 2.98 n/a
Growth −48.9% −6,504.3% +56.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin24.0%Operating margin3.5%Net margin0.0%Free cash flow margin−1.2%Fiscal year 2017Gross margin17.7%Operating margin−1.7%Net margin−0.6%Free cash flow margin−8.5%Fiscal year 2018Gross margin17.4%Operating margin3.1%Net margin0.9%Free cash flow margin3.4%Fiscal year 2019Gross margin18.6%Operating margin4.5%Net margin0.5%Free cash flow margin3.7%Fiscal year 2020Operating margin−77.2%Net margin−48.0%Free cash flow margin1.6%Fiscal year 2021Operating margin6.4%Net margin−1.1%Free cash flow margin7.4%Fiscal year 2022Operating margin5.6%Net margin−2.8%Free cash flow margin4.2%Fiscal year 2023Operating margin9.1%Net margin7.6%Free cash flow margin7.2%Fiscal year 2024Operating margin11.1%Net margin10.7%Free cash flow margin7.4%Fiscal year 2025Net margin9.3%Free cash flow margin9.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 24.0% 17.7% 17.4% 18.6% n/a n/a n/a n/a n/a n/a
Operating margin 3.5% −1.7% 3.1% 4.5% −77.2% 6.4% 5.6% 9.1% 11.1% n/a
Net margin 0.0% −0.6% 0.9% 0.5% −48.0% −1.1% −2.8% 7.6% 10.7% 9.3%
Free cash flow margin −1.2% −8.5% 3.4% 3.7% 1.6% 7.4% 4.2% 7.2% 7.4% 9.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.26Capital expenditure−0.42Free cash flow−0.16Buybacks0.00Dividends paid0.00Fiscal year 2017Operating cash flow−0.80Capital expenditure−0.67Free cash flow−1.46Buybacks−0.17Dividends paid−0.16Fiscal year 2018Operating cash flow1.76Capital expenditure−1.00Free cash flow0.77Buybacks−0.39Dividends paid−0.32Fiscal year 2019Operating cash flow2.13Capital expenditure−1.24Free cash flow0.89 +15.5%Buybacks0.00Dividends paid−0.40Fiscal year 2020Operating cash flow1.30Capital expenditure−0.97Free cash flow0.33 −62.8%Buybacks0.00Dividends paid−0.49Fiscal year 2021Operating cash flow2.37Capital expenditure−0.86Free cash flow1.52 +360.0%Buybacks−0.43Dividends paid−0.59Fiscal year 2022Operating cash flow1.89Capital expenditure−0.99Free cash flow0.90 −40.8%Buybacks−0.83Dividends paid−0.73Fiscal year 2023Operating cash flow3.06Capital expenditure−1.22Free cash flow1.84 +104.4%Buybacks−0.54Dividends paid−0.79Fiscal year 2024Operating cash flow3.33Capital expenditure−1.28Free cash flow2.05 +11.8%Buybacks−0.48Dividends paid−0.84Fiscal year 2025Operating cash flow3.81Capital expenditure−1.27Free cash flow2.54 +23.5%Buybacks−0.38Dividends paid−0.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.26 −0.80 1.76 2.13 1.30 2.37 1.89 3.06 3.33 3.81
Capital expenditure −0.42 −0.67 −1.00 −1.24 −0.97 −0.86 −0.99 −1.22 −1.28 −1.27
Free cash flow −0.16 −1.46 0.77 0.89 0.33 1.52 0.90 1.84 2.05 2.54
Growth +15.5% −62.8% +360.0% −40.8% +104.4% +11.8% +23.5%
Buybacks 0.00 −0.17 −0.39 0.00 0.00 −0.43 −0.83 −0.54 −0.48 −0.38
Dividends paid 0.00 −0.16 −0.32 −0.40 −0.49 −0.59 −0.73 −0.79 −0.84 −0.91

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.98Total debt0.04Net cash (debt)0.94Shareholders’ equity14.69Debt to equity0.00Fiscal year 2017Cash7.02Shareholders’ equity14.28Fiscal year 2018Cash3.72Shareholders’ equity17.47Fiscal year 2019Cash3.25Shareholders’ equity21.93Fiscal year 2020Cash4.13Shareholders’ equity12.89Fiscal year 2021Cash3.85Shareholders’ equity14.83Fiscal year 2022Cash2.49Shareholders’ equity14.39Fiscal year 2023Cash2.65Shareholders’ equity15.37Fiscal year 2024Cash3.36Shareholders’ equity16.90Fiscal year 2025Cash3.72Shareholders’ equity18.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.98 7.02 3.72 3.25 4.13 3.85 2.49 2.65 3.36 3.72
Total debt 0.04 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) 0.94 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 14.69 14.28 17.47 21.93 12.89 14.83 14.39 15.37 16.90 18.83
Debt to equity 0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
24.0% 17.7% 17.4% 18.6% n/a n/a n/a n/a n/a n/a
3.5% −1.7% 3.1% 4.5% −77.2% 6.4% 5.6% 9.1% 11.1% n/a
2.7% −2.0% 2.4% 3.2% −73.4% 2.1% 0.1% 10.4% 11.7% 10.4%
0.0% −0.6% 0.9% 0.5% −48.0% −1.1% −2.8% 7.6% 10.7% 9.3%
−1.2% −8.5% 3.4% 3.7% 1.6% 7.4% 4.2% 7.2% 7.4% 9.1%
Spending
2.7% 2.9% 3.1% 2.9% 2.9% 2.4% 2.6% 2.6% 2.3% 2.2%
14.7% 14.8% 11.8% 11.9% 11.6% 12.0% 11.9% 10.2% 8.8% 8.6%
3.2% 3.9% 4.3% 5.2% 4.7% 4.2% 4.7% 4.8% 4.6% 4.6%
48.3% n/a 47.7% 64.0% n/a 177.1% 2,727.3% 25.8% 7.9% 8.8%
Returns
0.0% −0.7% 1.1% 0.6% −77.1% −1.5% −4.2% 12.6% 17.6% 13.7%
0.0% −0.2% 0.4% 0.2% −26.2% −0.6% −1.8% 5.3% 7.8% 6.3%
Balance and payout
0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a
0.0% n/a n/a n/a n/a n/a n/a n/a n/a n/a
n/a n/a 161.5% 308.6% n/a n/a n/a 40.5% 28.1% 35.2%
n/a n/a 91.5% 44.6% 147.9% 67.6% 172.9% 72.0% 64.3% 51.0%