Baker Hughes Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27,733	27,829	25,506	21,156	20,502
Revenue Growth (YoY)	-0.34%	9.11%	20.56%	3.19%	-0.98%
Cost of Revenue	21,167	21,273	19,569	16,725	16,453
Gross Profit	6,566	6,556	5,937	4,431	4,049
Selling, General & Admin	2,455	2,480	2,629	2,504	2,447
Research & Development	600	643	651	-	-
Other Operating Expenses	-	-	-	-1	124
Operating Expenses	3,055	3,123	3,280	2,503	2,571
Operating Income	3,511	3,433	2,657	1,928	1,478
Interest Expense	-304	-291	-216	-252	-299
Interest & Investment Income	82	93	-	-	-
Other Non Operating Income (Expenses)	35	2	7	-120	237
EBT Excluding Unusual Items	3,324	3,237	2,448	1,556	1,416
Merger & Restructuring Charges	-344	-339	-348	-227	-138
Gain (Loss) on Sale of Investments	-103	367	555	-333	-843
Gain (Loss) on Sale of Assets	-	-	-	-451	-
Asset Writedown	-	-	-	-108	-7
Other Unusual Items	-	-	-	-415	-
Pretax Income	2,877	3,265	2,655	22	428
Income Tax Expense	253	257	685	600	758
Earnings From Continuing Operations	2,624	3,008	1,970	-578	-330
Minority Interest in Earnings	-36	-29	-27	-23	111
Net Income	2,588	2,979	1,943	-601	-219
Net Income to Common	2,588	2,979	1,943	-601	-219
Net Income Growth	-13.13%	53.32%	-	-	-
Shares Outstanding (Basic)	988	994	1,008	987	824
Shares Outstanding (Diluted)	994	1,001	1,015	987	824
Shares Change (YoY)	-0.70%	-1.38%	2.84%	19.78%	22.07%
EPS (Basic)	2.62	3.00	1.93	-0.61	-0.27
EPS (Diluted)	2.60	2.98	1.91	-0.61	-0.27
EPS Growth	-12.75%	56.02%	-	-	-
Free Cash Flow	2,537	2,054	1,838	899	1,518
Free Cash Flow Per Share	2.55	2.05	1.81	0.91	1.84
Dividend Per Share	0.920	0.840	0.780	0.730	0.720
Dividend Growth	9.52%	7.69%	6.85%	1.39%	-
Gross Margin	23.68%	23.56%	23.28%	20.94%	19.75%
Operating Margin	12.66%	12.34%	10.42%	9.11%	7.21%
Profit Margin	9.33%	10.71%	7.62%	-2.84%	-1.07%
Free Cash Flow Margin	9.15%	7.38%	7.21%	4.25%	7.40%
EBITDA	4,695	4,569	3,744	2,989	2,583
EBITDA Margin	16.93%	16.42%	14.68%	14.13%	12.60%
D&A For EBITDA	1,184	1,136	1,087	1,061	1,105
EBIT	3,511	3,433	2,657	1,928	1,478
EBIT Margin	12.66%	12.34%	10.42%	9.11%	7.21%
Effective Tax Rate	8.79%	7.87%	25.80%	2727.27%	177.10%
Revenue as Reported	27,733	27,829	25,506	21,156	20,502

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q