Baker Hughes Company Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	27,893	27,733	27,829	25,506	21,156	20,502
Revenue Growth (YoY)	0.20%	-0.34%	9.11%	20.56%	3.19%	-0.98%
Cost of Revenue	26,953	21,189	21,346	19,604	16,756	16,453
Gross Profit	940	6,544	6,483	5,902	4,400	4,049
Selling, General & Admin	2,372	2,387	2,458	2,611	2,510	2,470
Research & Development	587	600	643	651	-	-
Other Operating Expenses	24	680	117	-15	705	269
Total Operating Expenses	2,983	3,667	3,218	3,247	3,215	2,739
Operating Income	-2,043	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	3,590	2,877	3,265	2,655	22	428
Provision for Income Taxes	437	253	257	685	600	758
Net Income	3,116	2,588	2,979	1,943	-601	-219
Minority Interest in Earnings	37	36	29	27	23	-111
Net Income to Common	3,116	2,588	2,979	1,943	-601	-219
Net Income Growth	6.49%	-13.13%	53.32%	-	-	-
Shares Outstanding (Basic)	988	988	994	1,008	985	824
Shares Outstanding (Diluted)	993	994	1,001	1,015	985	824
Shares Change (YoY)	-0.63%	-0.70%	-1.38%	3.02%	19.57%	22.07%
EPS (Basic)	3.16	2.62	3.00	1.93	-0.61	-0.27
EPS (Diluted)	3.13	2.60	2.98	1.91	-0.61	-0.27
EPS Growth	6.83%	-12.75%	56.02%	-	-	-
Shares Outstanding	991.77	987	989.65	997.71	1,006	909.14
Free Cash Flow	2,292	2,537	2,054	1,838	899	1,518
Free Cash Flow Growth	-9.66%	23.52%	11.75%	104.45%	-40.78%	360.00%
Free Cash Flow Per Share	2.31	2.55	2.05	1.81	0.91	1.84
Dividends Per Share	0.920	0.920	0.840	0.780	0.730	0.720
Dividend Growth	-	9.52%	7.69%	6.85%	1.39%	-
Gross Margin	3.37%	23.60%	23.30%	23.14%	20.80%	19.75%
Operating Margin	-7.32%	10.37%	11.73%	10.41%	5.60%	6.39%
Profit Margin	11.30%	9.46%	10.81%	7.72%	-2.73%	-1.61%
FCF Margin	8.22%	9.15%	7.38%	7.21%	4.25%	7.40%
EBITDA	-786	4,065	4,401	3,742	2,246	2,415
EBITDA Margin	-2.82%	14.66%	15.81%	14.67%	10.62%	11.78%
EBIT	-2,043	2,877	3,265	2,655	1,185	1,310
EBIT Margin	-7.32%	10.37%	11.73%	10.41%	5.60%	6.39%
Effective Tax Rate	12.17%	8.79%	7.87%	25.80%	2727.27%	177.10%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q