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	21,189	21,346	19,604	16,756	16,453
Gross Profit	6,544	6,483	5,902	4,400	4,049
Selling, General & Admin	2,387	2,458	2,611	2,510	2,470
Research & Development	600	643	651	-	-
Other Operating Expenses	680	117	-15	705	269
Total Operating Expenses	3,667	3,218	3,247	3,215	2,739
Operating Income	2,877	3,265	2,655	1,185	1,310
Interest Expense	-	-	-	-252	-299
Other Non-Operating Income (Expense)	-	-	-	-911	-583
Total Non-Operating Income (Expense)	-	-	-	-1,163	-882
Pretax Income	2,877	3,265	2,655	22	428
Provision for Income Taxes	253	257	685	600	758
Net Income	2,588	2,979	1,943	-601	-219
Minority Interest in Earnings	36	29	27	23	-111
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	985	824
Shares Outstanding (Diluted)	994	1,001	1,015	985	824
Shares Change (YoY)	-0.70%	-1.38%	3.02%	19.57%	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%	-	-	-
Shares Outstanding	987	989.65	997.71	1,006	909.14
Free Cash Flow	2,537	2,054	1,838	899	1,518
Free Cash Flow Growth	23.52%	11.75%	104.45%	-40.78%	360.00%
Free Cash Flow Per Share	2.55	2.05	1.81	0.91	1.84
Dividends Per Share	0.920	0.840	0.780	0.730	0.720
Dividend Growth	9.52%	7.69%	6.85%	1.39%	-
Gross Margin	23.60%	23.30%	23.14%	20.80%	19.75%
Operating Margin	10.37%	11.73%	10.41%	5.60%	6.39%
Profit Margin	9.46%	10.81%	7.72%	-2.73%	-1.61%
FCF Margin	9.15%	7.38%	7.21%	4.25%	7.40%
EBITDA	4,065	4,401	3,742	2,246	2,415
EBITDA Margin	14.66%	15.81%	14.67%	10.62%	11.78%
EBIT	2,877	3,265	2,655	1,185	1,310
EBIT Margin	10.37%	11.73%	10.41%	5.60%	6.39%
Effective Tax Rate	8.79%	7.87%	25.80%	2727.27%	177.10%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q