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	Jun '26 Jun 30, 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	27,725	27,733	27,829	25,506	21,156	20,502
Revenue Growth	0.42%	-0.34%	9.11%	20.56%	3.19%	-0.98%
Cost of Revenue	21,190	21,189	21,346	19,604	16,756	16,453
Gross Profit	6,535	6,544	6,483	5,902	4,400	4,049
Selling, General & Admin	2,374	2,387	2,458	2,611	2,510	2,470
Research & Development	569	600	643	651	-	-
Other Operating Expenses	-444	458	-81	-231	705	269
Total Operating Expenses	2,499	3,445	3,020	3,031	3,215	2,739
Operating Income	4,036	3,099	3,463	2,871	1,185	1,310
Total Non-Operating Income (Expense)	-269	-222	-198	-216	-659	-284
Pretax Income	3,515	2,877	3,265	2,655	22	428
Provision for Income Taxes	391	253	257	685	600	758
Net Income	3,124	2,624	3,008	1,970	-578	-330
Minority Interest in Earnings	28	36	29	27	23	-111
Net Income to Common	3,096	2,588	2,979	1,943	-601	-219
Net Income Growth	1.57%	-13.13%	53.32%	-	-	-
Shares Outstanding (Basic)	989	988	994	1,008	985	824
Shares Outstanding (Diluted)	995	994	1,001	1,015	985	1,039
Shares Change	-0.23%	-0.70%	-1.38%	3.02%	-5.17%	0.48%
EPS (Basic)	3.14	2.62	3.00	1.93	-0.61	-0.27
EPS (Diluted)	3.10	2.60	2.98	1.91	-0.61	-0.27
EPS Growth	1.31%	-12.75%	56.02%	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	3,128	2,537	2,054	1,838	899	1,518
Free Cash Flow Growth	44.48%	23.52%	11.75%	104.45%	-40.78%	360.00%
Free Cash Flow Per Share	3.14	2.55	2.05	1.81	0.91	1.46
Dividends Per Share	0.920	0.920	0.840	0.780	0.730	0.720
Dividend Growth	4.54%	9.52%	7.69%	6.85%	1.39%	0%
Gross Margin	23.57%	23.60%	23.30%	23.14%	20.80%	19.75%
Operating Margin	14.56%	11.17%	12.44%	11.26%	5.60%	6.39%
Profit Margin	11.27%	9.46%	10.81%	7.72%	-2.73%	-1.61%
FCF Margin	11.28%	9.15%	7.38%	7.21%	4.25%	7.40%
EBITDA	4,723	4,287	4,599	3,958	2,246	2,415
EBITDA Margin	17.04%	15.46%	16.53%	15.52%	10.62%	11.78%
EBIT	4,036	3,099	3,463	2,871	1,185	1,310
EBIT Margin	14.56%	11.17%	12.44%	11.26%	5.60%	6.39%
Effective Tax Rate	11.12%	8.79%	7.87%	25.80%	2727.27%	177.10%

SEC Filings: 10-K · 10-Q