Baker Hughes

Energy Oil & Gas Equipment & Services Houston, Texas Last filing Feb 5, 2026 · FY2025

                    Revenue
                    FY2025
                
$27.7B
                    3y CAGR +9.4%
                    
                    P94
                    
                    -0.3%
                    
                    Net income
                    FY2025
                
$2.6B
                    Net margin +9.3%
                    
                    P35
                    
                    -13.1%
                    
                    Total assets
                    FY2025
                
$40.9B
                    ROA +6.3%
                    
                    P63
                    
                    +6.6%
                    
                    Operating cash flow
                    FY2025
                
$3.8B
                    FCF margin +9.1%
                    
                    P53
                    
                    +14.3%

11 yrs · FY2015–FY2025 7 filed · 1 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

25 accounts · 3 years

Total assets $40.9B

Total liabilities ~$22.0B

Shareholders equity $18.8B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$3.7B 10.4%	$3.4B 27.1%	$2.6B
Accounts Receivable	$6.6B -6.8%	$7.1B 0.7%	$7.1B
Inventory	$5.0B 0.0%	$5.0B -2.7%	$5.1B
Other Current Assets	$3.5B 98.6%	$1.8B 19.2%	$1.5B
Total Current Assets	$18.8B 9.4%	$17.2B 5.6%	$16.3B
Property,Plant and Equipment	$5.3B 3.9%	$5.1B 4.8%	$4.9B
Goodwill	$6.1B -0.2%	$6.1B -1.0%	$6.1B
Intangible Assets	$4.1B 3.7%	$4.0B -3.5%	$4.1B
Deferred Tax Assets	$2.0B 52.4%	$1.3B 77.8%	$722.0M
Other Noncurrent Assets	$4.6B -2.3%	$4.7B -1.8%	$4.8B
Total Assets	$40.9B 6.6%	$38.4B 3.8%	$36.9B
Liabilities
Accounts Payable	$4.6B 0.8%	$4.5B 1.6%	$4.5B
Deferred Revenue	$5.9B 4.1%	$5.7B 2.3%	$5.5B
Current Portion of Long Term Debt	$689.0M 1200.0%	$53.0M -64.2%	$148.0M
Other Current Liabilities	$2.7B -0.7%	$2.7B -3.7%	$2.8B
Total Current Liabilities	$13.9B 6.8%	$13.0B 0.0%	$13.0B
Long Term Debt	$5.4B -9.6%	$6.0B 1.7%	$5.9B
Deferred Tax Liabilities	$84.0M 1.2%	$83.0M -52.8%	$176.0M
Other Noncurrent Liabilities	$2.5B 11.0%	$2.3B -5.2%	$2.4B
Equity
Additional Paid In Capital	$24.7B -4.5%	$25.9B -4.0%	$27.0B
Retained Earnings	$-3.3B 44.3%	$-5.8B 33.8%	$-8.8B
Accumulated Other Comprehensive Income	$-2.7B 16.1%	$-3.2B -13.1%	$-2.8B
Total Stockholders Equity	$18.8B 11.5%	$16.9B 9.9%	$15.4B
Noncontrolling Interest	$176.0M 10.0%	$160.0M 6.0%	$151.0M
Total Liabilitiesand Equity	$40.9B 6.6%	$38.4B 3.8%	$36.9B

Income Statement

Revenue, expense, and profitability

10 accounts · 3 years

Revenue $27.7B

Operating income Not reported

Net income $2.6B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$27.7B -0.3%	$27.8B 9.1%	$25.5B
Expenses Research and Development	$600.0M -6.7%	$643.0M -1.2%	$651.0M
Expenses Selling,General and Administrative	$2.4B -2.9%	$2.5B -5.9%	$2.6B
Expenses Restructuring and Asset Impairment	$215.0M -17.3%	$260.0M -16.9%	$313.0M
Other Income Expense Other Income/expense	$-465.0M -425.2%	$143.0M -56.4%	$328.0M
Other Income Expense Income Before Tax	$2.9B -11.9%	$3.3B 23.0%	$2.7B
Income Tax Income Tax Expense	$253.0M -1.6%	$257.0M -62.5%	$685.0M
net Income Other Items Below Tax	$-36.0M -24.1%	$-29.0M -7.4%	$-27.0M
net Income net Income	$2.6B -13.1%	$3.0B 53.3%	$1.9B
net Income Comprehensive Income	$3.1B 18.5%	$2.6B 23.4%	$2.1B

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $3.8B

Investing cash flow $-2.0B

Financing cash flow $-1.5B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$2.6B -12.8%	$3.0B 52.7%	$2.0B
Operating Activities Depreciation and Amortization	$1.2B 4.6%	$1.1B 4.5%	$1.1B
Operating Activities Stock Based Compensation	$203.0M 0.5%	$202.0M 2.5%	$197.0M
Operating Activities Deferred Income Taxes	$-702.0M -4.6%	$-671.0M -1037.3%	$-59.0M
Operating Activities Changes In Operating Assets and Liabilities	$394.0M 1541.7%	$24.0M -94.8%	$462.0M
Operating Activities Other Non Cash Items	$103.0M 128.1%	$-367.0M 38.3%	$-595.0M
Operating Activities net Cash From Operating Activities	$3.8B 14.3%	$3.3B 8.8%	$3.1B
Investing Activities Capital Expenditures	$-1.3B 0.4%	$-1.3B -4.4%	$-1.2B
Investing Activities Business Acquisitions	$-830.0M	$0 100.0%	$-301.0M
Investing Activities Proceeds From Sale of Investments	$1.0M -98.9%	$92.0M -75.3%	$372.0M
Investing Activities Other Investing Activities	$58.0M -65.9%	$170.0M -49.4%	$336.0M
Investing Activities net Cash From Investing Activities	$-2.0B -101.2%	$-1.0B -24.4%	$-817.0M
Financing Activities Repayment of Debt	$0 100.0%	$-143.0M 78.0%	$-651.0M
Financing Activities Repurchase of Common Stock	$-384.0M 20.7%	$-484.0M 10.0%	$-538.0M
Financing Activities Dividends Paid	$-910.0M -8.9%	$-836.0M -6.4%	$-786.0M
Financing Activities Other Financing Activities	$-188.0M -193.8%	$-64.0M -20.8%	$-53.0M
Financing Activities net Cash From Financing Activities	$-1.5B 2.9%	$-1.5B 24.7%	$-2.0B
Cash Reconciliation Effect of Exchange Rate On Cash	$67.0M 194.4%	$-71.0M -20.3%	$-59.0M
Cash Reconciliation net Change In Cash	$351.0M -51.1%	$718.0M 354.4%	$158.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	—	—	—
Net margin	+9.3%	+10.7%	+7.6%
FCF margin	+9.1%	+7.4%	+7.2%
Growth
Revenue CAGR (3y)	+9.4%	+10.7%	+7.2%
Returns
ROE	+13.7%	+17.6%	+12.6%
ROA	+6.3%	+7.8%	+5.3%
ROIC	—	—	—
Liquidity
Current ratio	1.36x	1.32x	1.25x
Quick ratio	0.75x	0.81x	0.75x
Leverage
D/E	1.17x	1.27x	1.40x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.68x	0.73x	0.69x
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Baker Hughes

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history