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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 6,742 | 6,587 | 7,386 | 7,010 | 6,910 | 6,427 | 7,364 | 6,908 | 7,139 | 6,418 | 6,835 | 6,641 |
| Cost of revenue | 5,165 | 5,083 | 5,611 | 5,309 | 5,295 | 4,952 | 5,595 | 5,208 | 5,493 | 4,976 | 5,386 | 5,298 |
| Gross profit | 1,577 | 1,504 | 1,775 | 1,701 | 1,615 | 1,475 | 1,769 | 1,700 | 1,646 | 1,442 | 1,449 | 1,343 |
| Selling, general and administrative | 569 | 562 | 704 | 607 | 567 | 577 | 607 | 612 | 643 | 618 | 652 | 627 |
| Research and development | 143 | 133 | 147 | 146 | 161 | 146 | 163 | 158 | 158 | 164 | — | — |
| Operating income | 865 | 809 | 924 | 948 | 887 | 752 | 999 | 930 | 845 | 660 | 790 | 719 |
| EBIT | 865 | 809 | 924 | 948 | 887 | 752 | 999 | 930 | 845 | 660 | 790 | 719 |
| EBITDA | 1,198 | 1,163 | 1,247 | 1,230 | 1,181 | 1,037 | 1,291 | 1,208 | 1,128 | 943 | 1,064 | 987 |
| Interest expense | 196 | 145 | 83.0 | 77.0 | 54.0 | 51.0 | 148 | 55.0 | 47.0 | 41.0 | 129 | 49.0 |
| Pre-tax income | 892 | 1,274 | 528 | 821 | 967 | 561 | 792 | 1,009 | 824 | 641 | 522 | 759 |
| Income tax | 210 | 336 | -359 | 204 | 256 | 152 | -399 | 235 | 243 | 178 | 71.0 | 235 |
| Net income | 681 | 930 | 876 | 609 | 701 | 402 | 1,179 | 766 | 579 | 455 | 440 | 518 |
| Net income to common shareholders | 681 | 930 | 876 | 609 | 701 | 402 | 1,179 | 766 | 579 | 455 | 440 | 518 |
| Basic EPS | 0.69 | 0.94 | 0.89 | 0.62 | 0.71 | 0.41 | 1.19 | 0.77 | 0.58 | 0.46 | 0.44 | 0.51 |
| Diluted EPS | 0.68 | 0.93 | 0.88 | 0.61 | 0.71 | 0.40 | 1.18 | 0.77 | 0.58 | 0.45 | 0.43 | 0.51 |
| Average shares (basic) | 992 | 990 | 987 | 986 | 988 | 992 | 990 | 993 | 996 | 998 | 1,001 | 1,009 |
| Average shares (diluted) | 997 | 996 | 994 | 992 | 991 | 999 | 999 | 999 | 1,001 | 1,004 | 1,010 | 1,017 |
| Dividend per share | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 | 0.20 |