NasdaqEnergyOil & Gas Equipment & ServicesS&P 500Nasdaq-100
$47.87
+1.67 (+3.61%)
Close of Nov 06, 2026 · end-of-day data
Source: Baker Hughes's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$13.08B
$17.18B
$22.88B
$23.84B
$20.70B
$20.50B
$21.16B
$25.51B
$27.83B
$27.73B
Cost of revenue
$7.82B
$9.40B
—
—
—
—
—
—
—
—
Gross profit
$2.93B
$3.04B
$3.99B
$4.43B
—
—
—
—
—
—
Research & development
$352.00M
$501.00M
$700.00M
$687.00M
$595.00M
$492.00M
$552.00M
$651.00M
$643.00M
$600.00M
Selling, general & admin
$1.93B
$2.54B
$2.70B
$2.83B
$2.40B
$2.47B
$2.51B
$2.61B
$2.46B
$2.39B
Operating income
$457.00M
-$284.00M
$701.00M
$1.07B
-$15.98B
$1.31B
$1.19B
$2.32B
$3.08B
—
Pre-tax income
$358.00M
-$346.00M
$541.00M
$753.00M
-$15.20B
$428.00M
$22.00M
$2.65B
$3.27B
$2.88B
Income tax
$173.00M
$45.00M
$258.00M
$482.00M
$559.00M
$758.00M
$600.00M
$685.00M
$257.00M
$253.00M
Net income
$0
-$103.00M
$195.00M
$128.00M
-$9.94B
-$219.00M
-$601.00M
$1.94B
$2.98B
$2.59B
EBITDA
$1.01B
$819.00M
$2.19B
$2.49B
-$14.66B
$2.42B
$2.25B
$3.40B
$4.22B
—
EPS (basic)
—
$-0.24
$0.46
$0.23
$-14.73
$-0.27
$-0.61
$1.93
$3.00
—
EPS (diluted)
—
$-0.24
$0.45
$0.23
$-14.73
$-0.27
$-0.61
$1.91
$2.98
—
Gross margin
22.4%
17.7%
17.4%
18.6%
—
—
—
—
—
—
Operating margin
3.5%
-1.7%
3.1%
4.5%
-77.2%
6.4%
5.6%
9.1%
11.1%
—
Net margin
0.0%
-0.6%
0.9%
0.5%
-48.0%
-1.1%
-2.8%
7.6%
10.7%
9.3%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$981.00M
$7.03B
$3.72B
$3.25B
$4.13B
$3.85B
$2.49B
$2.65B
$3.36B
$3.71B
Receivables
$2.56B
$6.01B
$5.97B
$6.42B
$5.62B
$5.65B
$5.96B
$7.08B
$7.12B
$6.64B
Inventory
$3.17B
$4.51B
$4.62B
$4.61B
$4.42B
$3.98B
$4.59B
$5.09B
$4.95B
$4.95B
Total current assets
$7.34B
$18.42B
$14.97B
$15.22B
$16.45B
$15.06B
$14.59B
$16.30B
$17.21B
$18.83B
Goodwill
$6.68B
$19.93B
$20.72B
$20.69B
$5.98B
$5.96B
$5.93B
$6.14B
$6.08B
$6.07B
Total assets
$21.47B
$56.50B
$52.44B
$53.37B
$38.01B
$35.31B
$34.18B
$36.95B
$38.36B
$40.88B
Total current liabilities
$5.32B
$9.23B
$9.02B
$10.01B
$10.23B
$9.13B
$11.07B
$12.99B
$12.99B
$13.88B
Short-term debt
$239.00M
$2.04B
$942.00M
$321.00M
$889.00M
$40.00M
$677.00M
$148.00M
$53.00M
$689.00M
Long-term debt
$37.00M
$6.31B
$6.29B
$6.30B
$6.74B
$6.69B
$5.98B
$5.87B
$5.97B
$5.40B
Total debt
$276.00M
$8.35B
$7.23B
$6.62B
$7.63B
$6.73B
$6.66B
$6.02B
$6.02B
$6.09B
Total liabilities
$0
$42.22B
$34.97B
$31.44B
$25.11B
$20.48B
$19.79B
$21.58B
$21.47B
$22.05B
Shareholders' equity
$14.11B
$14.28B
$17.46B
$21.93B
$12.89B
$14.83B
$14.39B
$15.37B
$16.89B
$18.83B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$262.00M
-$799.00M
$1.76B
$2.13B
$1.30B
$2.37B
$1.89B
$3.06B
$3.33B
$3.81B
Capital expenditures
$424.00M
$665.00M
$995.00M
$1.24B
$974.00M
$856.00M
$989.00M
$1.22B
$1.28B
$1.27B
Free cash flow
-$162.00M
-$1.46B
$767.00M
$886.00M
$330.00M
$1.52B
$899.00M
$1.84B
$2.05B
$2.54B
Investing cash flow
-$472.00M
-$4.12B
-$578.00M
-$1.04B
-$618.00M
-$463.00M
-$1.56B
-$817.00M
-$1.02B
-$2.04B
Financing cash flow
-$102.00M
$10.92B
-$4.36B
-$1.53B
$225.00M
-$2.14B
-$1.59B
-$2.03B
-$1.53B
-$1.48B
Dividends paid
$0
$155.00M
$315.00M
$395.00M
$488.00M
$592.00M
$726.00M
$786.00M
$836.00M
$910.00M
Share buybacks
$0
$174.00M
$387.00M
$0
$0
$434.00M
$828.00M
$538.00M
$484.00M
$384.00M
Stock-based compensation
—
—
—
—
$210.00M
$205.00M
$207.00M
$197.00M
$202.00M
$203.00M
Depreciation & amortization
$550.00M
$1.10B
$1.49B
$1.42B
$1.32B
$1.10B
$1.06B
$1.09B
$1.14B
$1.19B
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$6.83B
$6.42B
$7.14B
$6.91B
$7.36B
$6.43B
$6.91B
$7.01B
$7.39B
$6.59B
$6.74B
$8.03B
Research & development
—
$164.00M
$158.00M
$158.00M
$163.00M
$146.00M
$161.00M
$146.00M
$147.00M
$133.00M
$143.00M
$150.00M
Selling, general & admin
$634.00M
$618.00M
$643.00M
$612.00M
$585.00M
$577.00M
$567.00M
$597.00M
$671.00M
$562.00M
$569.00M
$732.00M
Operating income
$651.00M
$653.00M
$833.00M
$930.00M
$665.00M
—
—
—
—
—
—
—
Pre-tax income
$522.00M
$641.00M
$824.00M
$1.01B
$792.00M
$561.00M
$967.00M
$821.00M
$528.00M
$1.27B
$892.00M
$519.00M
Income tax
$71.00M
$178.00M
$243.00M
$235.00M
-$399.00M
$152.00M
$256.00M
$204.00M
-$359.00M
$336.00M
$210.00M
$97.00M
Net income
$440.00M
$455.00M
$579.00M
$766.00M
$1.18B
$402.00M
$701.00M
$609.00M
$876.00M
$930.00M
$681.00M
$411.00M
EBITDA
$925.00M
$936.00M
$1.12B
$1.21B
$957.00M
—
—
—
—
—
—
—
Operating margin
9.5%
10.2%
11.7%
13.5%
9.0%
—
—
—
—
—
—
—
Net margin
6.4%
7.1%
8.1%
11.1%
16.0%
6.3%
10.1%
8.7%
11.9%
14.1%
10.1%
5.1%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$2.65B
$2.72B
$2.28B
$2.66B
$3.36B
$3.28B
$3.09B
$2.69B
$3.71B
$14.76B
$15.73B
$4.07B
Receivables
$7.08B
$6.87B
$7.05B
$6.92B
$7.12B
$6.71B
$6.51B
$6.55B
$6.64B
$6.70B
$6.65B
$7.87B
Inventory
$5.09B
$5.34B
$5.13B
$5.25B
$4.95B
$5.16B
$5.11B
$5.04B
$4.95B
$4.87B
$4.96B
$5.97B
Total current assets
$16.30B
$16.42B
$15.93B
$16.57B
$17.21B
$16.84B
$17.62B
$17.53B
$18.83B
$28.59B
$30.58B
$21.64B
Goodwill
$6.14B
$6.11B
$6.11B
$6.17B
$6.08B
$6.13B
$5.80B
$6.05B
$6.07B
$6.03B
$5.57B
$13.90B
Total assets
$36.95B
$37.14B
$36.66B
$37.53B
$38.36B
$38.11B
$38.74B
$39.23B
$40.88B
$50.90B
$52.62B
$59.06B
Total current liabilities
$12.99B
$13.18B
$12.59B
$12.79B
$12.99B
$12.59B
$12.52B
$12.44B
$13.88B
$13.41B
$14.60B
$17.48B
Short-term debt
$148.00M
$147.00M
$34.00M
$52.00M
$53.00M
$55.00M
$66.00M
$68.00M
$689.00M
$753.00M
$774.00M
$788.00M
Long-term debt
$5.87B
$5.86B
$5.86B
$5.98B
$5.97B
$5.97B
$5.97B
$5.99B
$5.40B
$15.41B
$15.48B
$17.48B
Total debt
$6.02B
$6.01B
$5.89B
$6.04B
$6.02B
$6.02B
$6.03B
$6.06B
$6.09B
$16.16B
$16.25B
$18.26B
Total liabilities
$21.58B
$21.75B
$21.08B
$21.34B
$21.47B
$21.07B
$21.04B
$21.08B
$22.05B
$31.58B
$32.71B
$38.93B
Shareholders' equity
$15.37B
$15.39B
$15.57B
$16.19B
$16.89B
$17.04B
$17.70B
$18.16B
$18.83B
$19.31B
$19.91B
$20.13B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$932.00M
$784.00M
$348.00M
$1.01B
$1.19B
$709.00M
$510.00M
$929.00M
$1.66B
$500.00M
$1.34B
$1.00B
Capital expenditures
$356.00M
$333.00M
$292.00M
$300.00M
$353.00M
$300.00M
$301.00M
$295.00M
$377.00M
$336.00M
$300.00M
$271.00M
Free cash flow
$576.00M
$451.00M
$56.00M
$710.00M
$837.00M
$409.00M
$209.00M
$634.00M
$1.28B
$164.00M
$1.04B
$734.00M
Investing cash flow
-$314.00M
-$269.00M
-$261.00M
-$269.00M
-$217.00M
-$310.00M
-$286.00M
-$1.05B
-$393.00M
$1.04B
-$164.00M
-$14.28B
Financing cash flow
-$1.17B
-$427.00M
-$502.00M
-$364.00M
-$234.00M
-$502.00M
-$443.00M
-$279.00M
-$258.00M
$9.52B
-$236.00M
$1.62B
Dividends paid
$200.00M
$210.00M
$209.00M
$209.00M
$208.00M
$229.00M
$227.00M
$227.00M
$227.00M
$228.00M
$228.00M
$228.00M
Share buybacks
$319.00M
$158.00M
$166.00M
$152.00M
$8.00M
$188.00M
$196.00M
$0
$0
$0
$0
$0
Stock-based compensation
$49.00M
$51.00M
$50.00M
$53.00M
$48.00M
$50.00M
$52.00M
$51.00M
$50.00M
$45.00M
$57.00M
$57.00M
Depreciation & amortization
$274.00M
$283.00M
$283.00M
$278.00M
$292.00M
$285.00M
$293.00M
$282.00M
$327.00M
$354.00M
$333.00M
$505.00M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.