Baker Hughes revenue and financials
$57.13Change from previous close: −0.44%Absolute change: −$0.25
In the fiscal year ended December 2025, Baker Hughes reported revenue of $27.73B (−0.34% year over year). Net income was $2.59B, a net margin of 9.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −0.34%
- 2025 vs 2024
- Net income growth
- −13.13%
- 2025 vs 2024
- Net margin
- 9.3%
- 2024: 10.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,345 | 500 | 1,662 | 929 | 510 | 709 | 1,190 | 1,010 | 348 | 784 | 932 | 810 |
| Depreciation and amortization | 333 | 354 | 323 | 282 | 294 | 285 | 292 | 278 | 283 | 283 | 274 | 268 |
| Capital expenditure | -300 | -336 | -377 | -295 | -301 | -300 | -353 | -300 | -292 | -333 | -356 | -281 |
| Investing cash flow | -164 | 1,038 | -393 | -1,055 | -286 | -310 | -217 | -269 | -261 | -269 | -314 | -89.0 |
| Financing cash flow | -236 | 9,523 | -258 | -279 | -443 | -502 | -234 | -364 | -502 | -427 | -1,167 | -311 |
| Dividends paid | -228 | -228 | -227 | -227 | -227 | -229 | -208 | -209 | -209 | -210 | -200 | -202 |
| Share repurchases | 0.0 | 0.0 | 0.0 | 0.0 | -196 | -188 | -8.0 | -152 | -166 | -158 | -319 | -120 |
| Debt issued | 0.0 | 9,885 | — | — | 0.0 | 0.0 | — | — | — | — | — | — |
| Debt repaid | — | — | 0.0 | 0.0 | — | — | -9.0 | -9.0 | -125 | — | -651 | — |
| Effect of exchange rates | 18.0 | -12.0 | 11.0 | 11.0 | 29.0 | 16.0 | -39.0 | 3.0 | -18.0 | -17.0 | -6.0 | -14.0 |
| Net change in cash | 963 | 11,049 | 1,022 | -394 | -190 | -87.0 | 700 | 380 | -433 | 71.0 | -555 | 396 |
| Free cash flow | 1,045 | 164 | 1,285 | 634 | 209 | 409 | 837 | 710 | 56.0 | 451 | 576 | 529 |
| Levered free cash flow | 714 | 2,579 | 890 | 147 | -543 | 555 | 578 | 453 | 66.8 | 749 | -623 | 820 |