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Stocks / United States / BKR · Oil & Gas Field Machinery & Equipment · Nasdaq

Baker Hughes Co. (BKR)

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Baker Hughes Co. (BKR) reported revenue of $6.7 billion for Q2 FY2026, the quarter ended 30 June 2026, down 2.4% on the same quarter a year earlier. Net income was $681 million, down 2.9% on the year. The figures are the company's own, from the 10-Q it filed with the SEC on 27 July 2026.

Revenue$6.7 billiondown 2.4%
Net income$681 milliondown 2.9%
Diluted EPSn/a
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE15.6%
ROCEn/a
Operating marginn/a
Net margin11.2%
FCF margin11.3%
Interest covern/a
Debt to equity0.82
Cash conversion1.43
Share count, 1 year0.7%
Sales CAGR, 3 years9.4%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 21 September 2026

Price$57.83
Market cap$57.4 billion
Stock P/En/a
Price to book2.88
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.07
52-week high$69.67
52-week low$44.47
Price, 1 year22.2%
Price CAGR, 3 years17.8%
Price CAGR, 5 years19.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Baker Hughes Co. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BKR

Filings24 in twelve months: 13 current reports (8-K), about 6 regulation fd disclosure; 5 other events; 4 results of operations; 2 material agreement; 2 new financial obligation
Planned insider sales22 Form 144 notices in twelve months, $75.4 million; latest 1 July 2026
Options tapeput/call 0.62 by open interest on 23 September 2026; the straddle prices a 7.6% move to 16 October 2026
Holders10 of the followed funds hold it; largest Dodge & Cox; 6 Schedule 13D or 13G filings in twelve months
Insider trading22 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest26.8 million shares short, 4.30 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue6,6416,8346,4187,1396,9087,3646,4276,9107,0107,3866,5876,742
R&Dn/an/a164158158163146161146147133143
SG&A627634618643612585577567607636562569
Operating income714651653833930665n/an/an/an/an/an/a
Operating margin11%10%10%12%13%9%n/an/an/an/an/an/a
Pre-tax income7595226418241,0097915619678215281,274892
Tax rate31%14%28%29%23%-50%27%26%25%-68%26%24%
Net income5184394555797661,179402701609876930681
Net margin8%6%7%8%11%16%6%10%9%12%14%10%
Operating cash flow8109327843481,0101,1907095109291,6625001,345
Capital expenditure281356333292300353300301295377336300
Free cash flow52957645156.07108374092096341,2851641,045
Buybacks1203191581661528.01881960.00.00.00.0
Dividends paid202200210209209208229227227227228228
Shares outstanding1,006m1,001m998m993m990m990m991m986m987m988m992m993m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 11 fiscal years and the trailing twelve months

FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022 FY2023 FY2024FY2025TTM
Revenue16,68813,08217,17922,87723,83820,70520,50221,15625,50627,82927,73327,725
Cost of revenue9,2717,8169,402n/an/an/an/an/an/an/an/an/a
Gross profit7,4173,1463,0363,9864,432n/an/an/an/an/an/an/a
Gross margin44.4%24.0%17.7%17.4%18.6%n/an/an/an/an/an/an/a
Research and development408352501700687595492552651643600569
Selling, general and administrative2,1151,9262,5352,6992,8322,4042,4702,5102,6112,4582,3872,374
Operating income-138457-2847011,074-15,9781,3101,1852,3173,081n/an/a
Operating margin-0.8%3.5%-1.7%3.1%4.5%-77.2%6.4%5.6%9.1%11.1%n/an/a
Pre-tax income-158358-346541753-15,20242822.02,6553,2652,8773,515
Income tax47317345.0258482559758600685257253391
Effective tax raten/a48.3%n/a47.7%64.0%n/a177.1%2727.3%25.8%7.9%8.8%11.1%
Net income0.00.0-103195128-9,940-219-6011,9432,9792,5883,096
Net margin0.0%0.0%-0.6%0.9%0.5%-48.0%-1.1%-2.8%7.6%10.7%9.3%11.2%
Diluted EPSn/an/a-$0.17$0.45$0.23-$14.73-$0.27-$0.61$1.91$2.98n/an/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022 FY2023 FY2024FY2025TTM
Operating cash flow1,277262-7991,7622,1261,3042,3741,8883,0623,3323,8104,436
Capital expenditure6074246659951,2409748569891,2241,2781,2731,308
Free cash flow670-162-1,4647678863301,5188991,8382,0542,5373,128
Free cash flow margin4.0%-1.2%-8.5%3.4%3.7%1.6%7.4%4.2%7.2%7.4%9.1%11.3%
Depreciation and amortisation5305501,1031,4861,4181,3171,1051,0611,0871,1361,1881,297
Share-based compensationn/an/an/an/an/a210205207197202203203
Buybacks0.00.01743870.00.04348285384843840.0
Dividends paid0.00.0155315395488592726786836910910
Shares outstanding at period endn/a0mn/an/an/an/an/an/an/an/an/a993m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022 FY2023 FY2024FY2025TTM
Total assetsn/a21,72156,50052,43953,36938,00735,30834,18136,94538,36340,88152,620
Cash and equivalents1,4329817,0233,7233,2494,1323,8532,4882,6463,3643,71515,727
Receivablesn/a2,5636,0145,9696,4165,6225,6515,9587,0757,1226,6416,654
Inventoryn/a3,2244,5074,6204,6084,4213,9794,5875,0944,9544,9544,961
Goodwill6,8676,68019,92720,71720,6905,9775,9595,9306,1376,0786,0685,566
Total debt, as filedn/a2778,3497,2276,6227,6336,7276,6586,0206,0236,08716,253
Long-term debtn/a37.0n/an/an/an/an/an/an/an/an/an/a
Long-term debt including finance leasesn/a38.06,3126,2856,3016,7446,6875,9805,8725,9705,39815,479
Operating lease liabilitiesn/an/an/an/a641591624552549475442n/a
Shareholders' equity14,54514,68814,27717,46521,92912,89314,83014,39415,36816,89518,83419,908
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.2%6.0%9.4%0.4%
Profit growth, compoundedn/an/an/a1.6%
Return on equity, average-3.8%7.7%14.7%13.7%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q30 June 202627 July 2026EDGAR
10-Q31 March 202624 April 2026EDGAR
10-K31 December 20255 February 2026EDGAR
10-Q30 September 202524 October 2025EDGAR
10-Q30 June 202523 July 2025EDGAR
10-Q31 March 202523 April 2025EDGAR
10-K31 December 20244 February 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-Q30 June 202426 July 2024EDGAR
10-Q31 March 202424 April 2024EDGAR

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