Baker Hughes Financial Statements
NASDAQ: BKRConsumer DiscretionaryOil and Gas Field MachineryUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 56.70 0.00%
Baker Hughes revenue and earnings
In fiscal 2025, Baker Hughes generated $27.73 billion in revenue, down 0.3% from fiscal 2024, its first annual decline since 2021. Net income was $2.59 billion (-13.1% year over year), for a net margin of 9.3% versus a median of -1.1% in the prior 5 years. Over the last 5 fiscal years, BKR's revenue has grown at a 6.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Baker Hughes income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.73B | 27.83B | 25.51B | 21.16B | 20.50B | 20.70B | 23.84B | 22.88B | 17.18B | 13.08B |
| Revenue growth (YoY) | -0.34% | +9.11% | +20.56% | +3.19% | -0.98% | -13.14% | +4.20% | +33.17% | +31.32% | -21.61% |
| Cost of Revenue | — | — | — | — | — | — | — | — | 9.40B | 7.82B |
| Gross Profit | — | — | — | — | — | — | 4.43B | 3.99B | 3.04B | 3.15B |
| Operating Expenses | — | — | — | — | — | — | 3.36B | 3.29B | 3.32B | 2.69B |
| Research & Development | 600.00M | 643.00M | 651.00M | 552.00M | 492.00M | 595.00M | 687.00M | 700.00M | 501.00M | 352.00M |
| Selling, General & Admin | 2.39B | 2.46B | 2.61B | 2.51B | 2.47B | 2.40B | 2.83B | 2.70B | 2.54B | 1.93B |
| Operating Income | — | 3.08B | 2.32B | 1.19B | 1.31B | -15.98B | 1.07B | 701.00M | -284.00M | 457.00M |
| Other Income (Expense) | -243.00M | 341.00M | 544.00M | -911.00M | -583.00M | 1.04B | -84.00M | 202.00M | 80.00M | 3.00M |
| Pretax Income | 2.88B | 3.27B | 2.65B | 22.00M | 428.00M | -15.20B | 753.00M | 541.00M | -346.00M | 358.00M |
| Income Tax | 253.00M | 257.00M | 685.00M | 600.00M | 758.00M | 559.00M | 482.00M | 258.00M | 45.00M | 173.00M |
| Net Income | 2.59B | 2.98B | 1.94B | -601.00M | -219.00M | -9.94B | 128.00M | 195.00M | -103.00M | 0 |
| Net Income growth (YoY) | -13.13% | +53.32% | — | — | — | -7865.63% | -34.36% | — | — | — |
| EPS (Basic) | — | 3.00 | 1.93 | -0.61 | -0.27 | -14.73 | 0.23 | 0.46 | -0.24 | — |
| EPS (Diluted) | — | 2.98 | 1.91 | -0.61 | -0.27 | -14.73 | 0.23 | 0.45 | -0.24 | — |
| EBITDA | — | 4.22B | 3.40B | 2.25B | 2.42B | -14.66B | 2.49B | 2.19B | 819.00M | 1.01B |
| Gross Margin | — | — | — | — | — | — | 18.59% | 17.42% | 17.67% | 24.05% |
| Operating Margin | — | 11.07% | 9.08% | 5.60% | 6.39% | -77.17% | 4.51% | 3.06% | -1.65% | 3.49% |
| Net Margin | 9.33% | 10.70% | 7.62% | -2.84% | -107.00% | -48.01% | 54.00% | 85.00% | -60.00% | 0.00% |
This table shows 10 annual periods of Baker Hughes's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BKR's reporting calendar. What is a income statement?