COVERAGE / BKR / Energy

Baker Hughes Co

Oil & Gas Field Machinery & Equipment

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS0

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$27.73bn

Prior / $27.83bn

Change / -0.34%

SOURCE / 2026-02-05

Operating income

Not available

Prior / $3.08bn

Change / Unavailable

SOURCE / Not available

Net income

$2.59bn

Prior / $2.98bn

Change / -13.13%

SOURCE / 2026-02-05

Diluted EPS

Not available

Prior / $2.98

Change / Unavailable

SOURCE / Not available

Free cash flow

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-05

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

Not available

Prior / 11.07%

Change / Unavailable

SOURCE / Not available

Return on avg. equity

14.49%

Prior / 18.47%

Change / -3.98 pp

SOURCE / 2026-02-05

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 27733000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 2588000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3810000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 40881000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 18834000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 18828000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 13877000000,
    "accn": "0001701605-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-05",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$27.73bn	$2.59bn	Not available	Not available
2024-12-31	$27.83bn	$2.98bn	Not available	$2.98
2023-12-31	$25.51bn	$1.94bn	Not available	$1.91
2022-12-31	$21.16bn	$-0.6bn	Not available	$-0.61

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	Unavailable	Unavailable	28.66x	8
P/S	2.02x	Unavailable	2.09x	8
P/B	2.98x	Unavailable	2.97x	8
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	5.11%	2

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-23 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 56.57,
  "tradingDate": "2026-09-17",
  "marketCap": 56155572196.47,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-23"
}

Company & operating context

Baker Hughes Co is an SEC-reporting issuer listed on NASDAQ under BKR. Its SEC industry description is Oil & Gas Field Machinery & Equipment. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

No reading guide selected for this issuer. Annual sources remain linked below.

Research archive

HR-0027BKRCompany Research

BKR: reading the FY2025 financial structure ↗

Baker Hughes Co

Research abstract

Annual revenue of USD 27.733 billion and net income of USD 2.588 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure.

Realized prices, production volumes, refining economics and capital expenditure.

ENERGY SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-05
SEC annual filing · 2024-12-31 ↗Source date 2026-02-05
SEC annual filing · 2023-12-31 ↗Source date 2026-02-05
SEC annual filing · 2022-12-31 ↗Source date 2025-02-04
SEC issuer record ↗Source date 2026-09-18