Companies / Energy
BKR
Baker Hughes
Oil & Gas Equipment & Services
Oil & Gas Equipment & ServicesAnalysis in progress
In progress
We are decoding this company's strategy and relationships
New analyses are published every weekday. Founding members get them first.
Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health65
Growth40
Profitability48
Cash generation59
Balance sheet80
Dilution control100
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)14.5%Revenue growth (FY)-0.3%Revenue CAGR (3y)9.4%Gross margin—Operating margin—Net margin9.3%Free cash flow margin9.1%R&D / revenue2.2%Stock comp / revenue0.7%Net debt / operating cash flow0.44xCurrent ratio1.36Diluted share count change—
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $20.5B | $21.2B | $25.5B | $27.8B | $27.7B |
| Operating income | $1.3B | $1.2B | $2.3B | $3.1B | — |
| Net income | -$219M | -$601M | $1.9B | $3.0B | $2.6B |
| Operating cash flow | $2.4B | $1.9B | $3.1B | $3.3B | $3.8B |
| Capital expenditure | $856M | $989M | $1.2B | $1.3B | $1.3B |
| Free cash flow | $1.5B | $899M | $1.8B | $2.1B | $2.5B |
| R&D | $492M | $552M | $651M | $643M | $600M |
| Stock-based comp | $205M | $207M | $197M | $202M | $203M |
| Buybacks | $434M | $828M | $538M | $484M | $384M |
| Dividends | $592M | $726M | $786M | $836M | $910M |
| Cash | $3.9B | $2.5B | $2.6B | $3.4B | $3.7B |
| Total debt | $6.7B | $6.0B | $5.9B | $6.0B | $5.4B |
| Equity | $14.8B | $14.4B | $15.4B | $16.9B | $18.8B |
StratGraph publishes general, impersonal research about public companies based on public filings. It is not investment advice, not a recommendation to buy, sell or hold any security, and not tailored to any reader's circumstances. Content may contain errors and may be partly generated with AI tools; verify against the original filings, which are linked. Authors may not trade securities discussed within the window set by our trading policy. Full disclaimer.