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Baker Hughes BKR

US equityMarket cap rank #288Oil & Gas Equipment & Services
$57.61
−$0.42 (-0.72%)
Market open · Sep 24, 1:10 pm ET
After hours $58.40 +0.64%
Open$58.11
Prev close$58.03
Day range$57.15 – $58.44
Volume2.56M
Market cap$57.19B
P/E (TTM)18.5
Dividend yield1.60%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$6.74B-2.4% YoY
Operating profit$865.00M-2.5% YoY
Net profit$682.00M-4.1% YoY
Diluted EPS$0.68-4.2% YoY
Free cash flow$1.05B+400.0% YoY
Operating cash flow$1.35B

Revenue, last 8 quarters

$6.9BSep '24$7.4BDec '24$6.4BMar '25$6.9BJun '25$7.0BSep '25$7.4BDec '25$6.6BMar '26$6.7BJun '26

Net profit, last 8 quarters

$774.0MSep '24$1.2BDec '24$409.0MMar '25$711.0MJun '25$617.0MSep '25$887.0MDec '25$938.0MMar '26$682.0MJun '26

Diluted EPS by quarter

0.77Sep '241.18Dec '240.40Mar '250.71Jun '250.61Sep '250.88Dec '250.93Mar '260.68Jun '26

Free cash flow by quarter

$710.0MSep '24$837.0MDec '24$409.0MMar '25$209.0MJun '25$634.0MSep '25$1.3BDec '25$164.0MMar '26$1.0BJun '26

Annual revenue

$20.7BFY20$20.5BFY21$21.2BFY22$25.5BFY23$27.8BFY24$27.7BFY25

Profitability & balance sheet

Gross margin23.6%
Operating margin13.0%
Net margin11.2%
Return on equity16.5%
Return on assets6.8%
Return on invested capital11.1%
Current ratio2.09
Liabilities / assets61.8%
Cash & investments$15.73B
Total debt$16.25B
Net cash (debt)-$526.00M
Free cash flow / sales11.3%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Oilfield Services & Equipment (OFSE)$3.45B 51.2%
  • Industrial & Energy Technology (IET)$3.29B 48.8%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $6.74B $6.59B $27.73B $7.39B $7.01B
Total Operating Revenue $6.74B $6.59B $27.73B $7.39B $7.01B
Cost of Revenue $5.17B $5.08B $21.19B $5.63B $5.31B
Gross Profit $1.58B $1.50B $6.54B $1.75B $1.70B
Operating Expense $712.00M $695.00M $2.99B $783.00M $753.00M
Selling and Admin Expenses $569.00M $562.00M $2.39B $636.00M $607.00M
Research & Development $143.00M $133.00M $600.00M $147.00M $146.00M
Operating Profit $865.00M $809.00M $3.56B $970.00M $948.00M
Net Non-Operating Interest Income (Expense) -$66.00M -$86.00M -$222.00M -$61.00M -$56.00M
Non-Operating Interest Expense $66.00M $86.00M $222.00M $61.00M $56.00M
Other Income (Expense) $93.00M $551.00M -$458.00M -$381.00M -$71.00M
Gain on Sale of Security $125.00M -$50.00M -$103.00M
Special Income (Charges) -$65.00M $656.00M -$322.00M
-Less:Restructuring and Mergern & Acquisition $41.00M $65.00M $229.00M
-Gain on Sale Of Business -$24.00M $721.00M
Other Non-Operating Income (Expenses) $33.00M -$55.00M -$33.00M $44.00M -$71.00M
Pretax Profit $892.00M $1.27B $2.88B $528.00M $821.00M
Tax $210.00M $336.00M $253.00M -$359.00M $204.00M
Net Profit $682.00M $938.00M $2.62B $887.00M $617.00M
Profit from Continuing Operations $682.00M $938.00M $2.62B $887.00M $617.00M
Minority Interests $1.00M $8.00M $36.00M $11.00M $8.00M
Net Income to Parent Company $681.00M $930.00M $2.59B $876.00M $609.00M
Net Income to Common Stockholders $681.00M $930.00M $2.59B $876.00M $609.00M
Basic EPS $0.69 $0.94 $2.62 $0.89 $0.62
Diluted EPS $0.68 $0.93 $2.60 $0.88 $0.61
Dividend Per Share $0.23 $0.23 $0.92 $0.23 $0.23
-Less:Impairment of Capital Assets $53.00M
-Less:Other Special Charges $40.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $52.62B $50.90B $40.88B $40.88B $39.23B
Total Current Assets $30.58B $28.59B $18.83B $18.83B $17.53B
Cash and Cash Equivalents & Short-Term Investments $15.73B $14.76B $3.72B $3.72B $2.69B
-Cash and Cash Equivalents $15.73B $14.76B $3.72B $3.72B $2.69B
Receivables $6.65B $6.70B $6.64B $6.64B $6.56B
-Accounts Receivable $5.55B $5.51B $5.56B $5.56B $5.45B
-Other Receivables $1.40B $1.48B $1.36B $1.36B $1.39B
-Receivables Adjustments Allowances -$295.00M -$290.00M -$277.00M -$277.00M -$282.00M
Inventory $4.96B $4.87B $4.95B $4.95B $5.04B
Other Current Assets $3.24B $2.26B $3.52B $3.52B $3.25B
Total Non-Current Assets $22.04B $22.31B $22.05B $22.05B $21.70B
Net PPE $5.54B $5.54B $5.33B $5.33B $5.26B
-Gross PPE $12.52B $12.37B $12.01B $12.01B $11.82B
-Accumulated Depreciation -$6.98B -$6.83B -$6.69B -$6.69B -$6.56B
Non Current Accounts Receivables $1.95B $1.75B $1.62B $1.62B $1.71B
Goodwill and Other Intangible Assets $9.56B $10.11B $10.17B $10.17B $10.23B
-Goodwill $5.57B $6.03B $6.07B $6.07B $6.05B
-Other Intangible Assets $4.00B $4.07B $4.10B $4.10B $4.18B
Non-Current Deferred Assets $1.89B $1.73B $1.96B $1.96B $1.41B
Other Non-Current Assets $3.09B $3.18B $2.99B $2.99B $3.09B
Total Liabilities $32.54B $31.41B $21.87B $21.87B $20.91B
Total Current Liabilities $14.60B $13.41B $13.88B $13.88B $12.44B
Payables $4.51B $4.26B $4.58B $4.58B $4.20B
-Accounts Payable $4.51B $4.26B $4.58B $4.58B $4.20B
Short-Term Debt and Capital Lease Obligation $774.00M $753.00M $689.00M $689.00M $68.00M
-Current Debt $774.00M $753.00M $689.00M $689.00M $68.00M
Current Deferred Liabilities $6.60B $6.00B $5.90B $5.90B $5.51B
Other Current Liabilities $2.72B $2.40B $2.71B $2.71B $2.66B
Total Non-Current Liabilities $17.94B $17.99B $7.99B $7.99B $8.47B
Long Term Debt and Capital Lease Obligation $15.48B $15.41B $5.40B $5.40B $5.99B
-Long Term Debt $15.48B $15.41B $5.40B $5.40B $5.99B
Non-Current Deferred Liabilities $100.00M $94.00M $84.00M $84.00M $116.00M
Employee Benefits $959.00M $1.04B $1.07B $1.07B $1.02B
Other Non-Current Liabilities $1.40B $1.45B $1.45B $1.45B $1.34B
Total Equity $20.08B $19.49B $19.01B $19.01B $18.33B
Stockholders' Equity $19.91B $19.31B $18.83B $18.83B $18.16B
Capital Stock $0.00 $0.00 $0.00 $0.00 $0.00
-Common Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $24.33B $24.48B $24.74B $24.74B $24.94B
Retained Earnings -$1.64B -$2.32B -$3.25B -$3.25B -$4.13B
Gains/Losses Not Affecting Retained Earnings -$2.78B -$2.84B -$2.65B -$2.65B -$2.65B
Minority Interests $176.00M $176.00M $176.00M $176.00M $171.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.35B $500.00M $3.81B $1.66B $929.00M
Net cash flow from continuing operations $1.35B $500.00M $3.81B $1.66B $929.00M
Net Income from Continuing Operations $682.00M $938.00M $2.62B $887.00M $617.00M
Gain/Loss from Continuing Operations $24.00M -$721.00M $103.00M
Depreciation & Depletion & Amortization $333.00M $354.00M $1.19B $327.00M $282.00M
Deferred Tax -$166.00M $224.00M -$702.00M -$658.00M -$27.00M
Change in Working Capital $540.00M -$390.00M $394.00M $982.00M -$2.00M
-Change in Receivables -$220.00M -$155.00M $681.00M -$69.00M $149.00M
-Change in Inventory -$131.00M $35.00M $79.00M $42.00M $129.00M
-Change in Payables and Accrued Expense $266.00M -$248.00M $11.00M $346.00M -$182.00M
-Change In Other Working Capital $625.00M -$22.00M -$377.00M $663.00M -$98.00M
Net cash flow from investing -$164.00M $1.04B -$2.04B -$393.00M -$1.06B
Net Cash Flow from Continuing Investing Activities -$164.00M $1.04B -$2.04B -$393.00M -$1.06B
Capital Expenditure -$300.00M -$336.00M -$1.27B -$377.00M -$295.00M
Net Business Purchase and Sale $0.00 $1.38B -$830.00M -$30.00M -$800.00M
Net Other Investing Changes $136.00M -$7.00M $58.00M $14.00M $39.00M
Financing Cash Flow -$236.00M $9.52B -$1.48B -$258.00M -$279.00M
Net Cash Flow from Continuing Financing Activities -$236.00M $9.52B -$1.48B -$258.00M -$279.00M
Net Issuance Payments Of Debt $0.00 $9.89B $0.00 $0.00 $0.00
Net Common Stock Issuance $0.00 $0.00 -$384.00M $0.00 $0.00
Cash Dividends Paid -$228.00M -$228.00M -$910.00M -$227.00M -$227.00M
Net Other Financing Charges -$8.00M -$134.00M -$188.00M -$31.00M -$52.00M
Ending Cash Balance $15.73B $14.76B $3.72B $3.72B $2.69B
Net Change in Cash $945.00M $11.06B $284.00M $1.01B -$405.00M
Beginning Cash Balance $14.76B $3.72B $3.36B $2.69B $3.09B
Effect of Exchange Rate Changes $18.00M -$12.00M $67.00M $11.00M $11.00M
Free Cash Flow $1.05B $164.00M $2.54B $1.29B $634.00M
Net Investment Purchase and Sale $1.00M $0.00
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