Baker Hughes Company (BKR) 10-Year Financial Performance & Capital Metrics

BKR • • Industrial / General

EnergyOilfield ServicesDrilling Equipment & ServicesDrilling Systems & Equipment

AboutBaker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, wireline services, downhole completion tools and systems, wellbore intervention tools and services, pressure pumping systems, oilfield and industrial chemicals, and artificial lift technologies for oil and natural gas, and oilfield service companies. The OFE segment provides subsea and surface wellheads, pressure control and production systems and services, flexible pipe systems for offshore and onshore applications, and life-of-field solutions, including well intervention and decommissioning solutions; and services related to onshore and offshore drilling and production operations. The TPS segment provides equipment and related services for mechanical-drive, compression, and power-generation applications across the oil and gas industry. Its product portfolio includes drivers, compressors, and turnkey solutions; and pumps, valves, and compressed natural gas and small-scale liquefied natural gas solutions. This segment serves upstream, midstream, downstream, onshore, offshore, and industrial customers. The DS segment provides sensor-based process measurements, machine health and condition monitoring, asset strategy and management, control systems, as well as non-destructive testing and inspection, and pipeline integrity solutions. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. Baker Hughes Company is based in Houston, Texas.Show more

Revenue $27.83B +9.1%
EBITDA $4.22B +23.9%
Net Income $2.98B +53.3%
EPS (Diluted) 2.98 +56.0%
Gross Margin 20.99% +1.9%
EBITDA Margin 15.15% +13.5%
Operating Margin 11.07% +21.9%
Net Margin 10.7% +40.5%
ROE 18.29% +41.4%
ROIC 11.97% +29.5%
Debt/Equity 0.35 -9.0%
Interest Coverage 15.56 +45.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 87.7%
✓Strong Piotroski F-Score: 9/9
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y3.14%

3Y10.72%

TTM1.51%

Profit (Net Income) CAGR

10Y-

5Y87.66%

3Y-

TTM29.06%

EPS CAGR

10Y-

5Y66.92%

3Y-

TTM30.04%

ROCE

10Y Avg-0.79%

5Y Avg-2.58%

3Y Avg9.05%

Latest12.49%

Peer Comparison

Drilling Systems & Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BKRBaker Hughes Company	48.32B	48.97	16.43	9.11%	10.43%	15.77%	4.25%	0.35
SLBSLB N.V.	68.57B	45.90	14.76	9.52%	10.34%	13.54%	6.52%	0.54
WFRDWeatherford International plc	6.3B	87.78	13.00	7.36%	8.15%	25.85%	7.83%	1.39
HALHalliburton Company	27.45B	32.61	11.52	-0.32%	5.91%	12.78%	8.83%	0.83
NOVNOV Inc.	6.46B	17.72	11.08	3.42%	4.37%	5.88%	14.74%	0.37
FETForum Energy Technologies, Inc.	463.65M	40.75	-3.70	10.5%	-14.58%	-38.76%	18.13%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	16.69B	13.27B	17.18B	22.88B	23.84B	20.7B	20.5B	21.16B	25.51B	27.83B
Revenue Growth %	-	-0.2%	0.29%	0.33%	0.04%	-0.13%	-0.01%	0.03%	0.21%	0.09%
Cost of Goods Sold+	12.19B	10.12B	14.14B	18.89B	19.41B	17.51B	16.45B	16.76B	20.25B	21.92B
COGS % of Revenue	0.73%	0.76%	0.82%	0.83%	0.81%	0.85%	0.8%	0.79%	0.79%	0.79%
Gross Profit+	4.5B	3.15B	3.04B	3.99B	4.43B	3.2B	4.05B	4.4B	5.25B	5.84B
Gross Margin %	0.27%	0.24%	0.18%	0.17%	0.19%	0.15%	0.2%	0.21%	0.21%	0.21%
Gross Profit Growth %	-	-0.3%	-0.03%	0.31%	0.11%	-0.28%	0.27%	0.09%	0.19%	0.11%
Operating Expenses+	4.63B	2.48B	3.32B	3.29B	3.36B	19.18B	2.74B	3.21B	2.93B	2.76B
OpEx % of Revenue	0.28%	0.19%	0.19%	0.14%	0.14%	0.93%	0.13%	0.15%	0.12%	0.1%
Selling, General & Admin	2.12B	1.94B	2.54B	2.7B	2.83B	2.4B	2.47B	2.51B	2.61B	2.46B
SG&A % of Revenue	0.13%	0.15%	0.15%	0.12%	0.12%	0.12%	0.12%	0.12%	0.1%	0.09%
Research & Development	408M	352M	501M	700M	687M	0	492M	0	0	643M
R&D % of Revenue	0.02%	0.03%	0.03%	0.03%	0.03%	-	0.02%	-	-	0.02%
Other Operating Expenses	2.11B	185M	284M	-114M	-161M	16.77B	-223M	705M	323M	-342M
Operating Income+	-138M	457M	-284M	701M	1.07B	-15.98B	1.31B	1.19B	2.32B	3.08B
Operating Margin %	-0.01%	0.03%	-0.02%	0.03%	0.05%	-0.77%	0.06%	0.06%	0.09%	0.11%
Operating Income Growth %	-	4.31%	-1.62%	3.47%	0.53%	-15.88%	1.08%	-0.1%	0.96%	0.33%
EBITDA+	392M	1.01B	819M	2.19B	2.49B	-14.66B	2.42B	2.25B	3.4B	4.22B
EBITDA Margin %	0.02%	0.08%	0.05%	0.1%	0.1%	-0.71%	0.12%	0.11%	0.13%	0.15%
EBITDA Growth %	-	1.57%	-0.19%	1.67%	0.14%	-6.88%	1.16%	-0.07%	0.52%	0.24%
D&A (Non-Cash Add-back)	530M	550M	1.1B	1.49B	1.42B	1.32B	1.1B	1.06B	1.09B	1.14B
EBIT	-38M	686M	-215M	764M	990M	-14.94B	727M	274M	2.87B	3.46B
Net Interest Income+	-120M	-102M	-131M	-223M	-237M	-264M	-299M	-252M	-216M	-198M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	120M	102M	131M	223M	237M	264M	299M	252M	216M	198M
Other Income/Expense	-20M	-99M	-62M	-160M	-321M	776M	-882M	-1.16B	338M	184M
Pretax Income+	-158M	358M	-346M	541M	753M	-15.2B	428M	22M	2.65B	3.27B
Pretax Margin %	-0.01%	0.03%	-0.02%	0.02%	0.03%	-0.73%	0.02%	0%	0.1%	0.12%
Income Tax+	473M	173M	45M	258M	482M	559M	758M	600M	685M	257M
Effective Tax Rate %	3.84%	0.71%	0.18%	0.36%	0.17%	0.65%	-0.51%	-27.32%	0.73%	0.91%
Net Income+	-606M	254M	-61M	195M	128M	-9.94B	-219M	-601M	1.94B	2.98B
Net Margin %	-0.04%	0.02%	-0%	0.01%	0.01%	-0.48%	-0.01%	-0.03%	0.08%	0.11%
Net Income Growth %	-	1.42%	-1.24%	4.2%	-0.34%	-78.66%	0.98%	-1.74%	4.23%	0.53%
Net Income (Continuing)	-631M	185M	-391M	283M	271M	-15.76B	-330M	-578M	1.97B	3.01B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	157M	167M	24.13B	17.55B	12.57B	5.35B	1.92B	131M	151M	160M
EPS (Diluted)+	-1.41	0.94	-0.24	0.45	0.23	-14.73	-0.27	-0.61	1.91	2.98
EPS Growth %	-	1.67%	-1.26%	2.88%	-0.49%	-65.04%	0.98%	-1.26%	4.13%	0.56%
EPS (Basic)	-1.41	0.94	-0.24	0.46	0.23	-14.73	-0.27	-0.61	1.93	3.00
Diluted Shares Outstanding	430M	430M	427M	433.33M	557M	675M	824M	987M	1.01B	1B
Basic Shares Outstanding	429M	429M	427M	423.91M	555M	675M	824M	987M	1.01B	999.66M
Dividend Payout Ratio	-	-	-	1.62%	3.09%	-	-	-	0.4%	0.28%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	8.41B	7.4B	18.42B	14.97B	15.22B	16.45B	15.06B	14.59B	16.3B	17.21B
Cash & Short-Term Investments	1.43B	981M	7.03B	3.72B	3.25B	4.13B	3.85B	2.49B	2.65B	3.36B
Cash Only	1.43B	981M	7.03B	3.72B	3.25B	4.13B	3.85B	2.49B	2.65B	3.36B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.07B	2.56B	6.01B	5.97B	6.42B	5.62B	5.65B	5.96B	7.08B	7.12B
Days Sales Outstanding	45.21	70.5	127.8	95.23	98.24	99.11	100.61	102.79	101.25	93.41
Inventory	3.67B	3.22B	4.51B	4.62B	4.61B	4.42B	3.98B	4.59B	5.09B	4.95B
Days Inventory Outstanding	109.89	116.25	116.32	89.26	86.67	92.18	88.27	99.92	91.8	82.51
Other Current Assets	1.24B	633M	872M	659M	949M	2.28B	1.58B	1.56B	1.49B	1.77B
Total Non-Current Assets+	14.72B	14.32B	38.08B	37.47B	38.15B	21.55B	20.24B	19.59B	20.64B	21.15B
Property, Plant & Equipment	2.55B	2.33B	6.96B	6.23B	6.24B	5.36B	4.88B	4.54B	4.89B	5.13B
Fixed Asset Turnover	6.53x	5.71x	2.47x	3.67x	3.82x	3.86x	4.20x	4.66x	5.21x	5.43x
Goodwill	6.87B	6.68B	19.93B	20.72B	20.69B	5.98B	5.96B	5.93B	6.14B	6.08B
Intangible Assets	2.68B	2.45B	6.36B	5.72B	5.38B	4.4B	4.13B	4.18B	4.09B	3.95B
Long-Term Investments	95M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	2.53B	2.54B	4.12B	3.73B	4.88B	4.87B	4.54B	4.28B	4.8B	4.71B
Total Assets+	23.13B	21.72B	56.5B	52.44B	53.37B	38.03B	35.35B	34.18B	36.95B	38.36B
Asset Turnover	0.72x	0.61x	0.30x	0.44x	0.45x	0.54x	0.58x	0.62x	0.69x	0.73x
Asset Growth %	-	-0.06%	1.6%	-0.07%	0.02%	-0.29%	-0.07%	-0.03%	0.08%	0.04%
Total Current Liabilities+	6.56B	4.93B	9.23B	9.02B	10.01B	10.23B	9.13B	11.08B	12.99B	12.99B
Accounts Payable	1.41B	1.9B	3.38B	4.03B	4.27B	3.53B	3.75B	4.3B	4.47B	4.54B
Days Payables Outstanding	42.18	68.44	87.15	77.77	80.28	73.64	83.08	93.62	80.57	75.64
Short-Term Debt	498M	239M	2.04B	942M	321M	889M	40M	678M	148M	53M
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.48B	2.8B	3.81B	2.29B	2.56B	2.35B	2.11B	2.28B	2.83B	2.72B
Current Ratio	1.28x	1.50x	2.00x	1.66x	1.52x	1.61x	1.65x	1.32x	1.25x	1.32x
Quick Ratio	0.72x	0.85x	1.51x	1.15x	1.06x	1.18x	1.21x	0.90x	0.86x	0.94x
Cash Conversion Cycle	112.92	118.31	156.96	106.73	104.63	117.64	105.8	109.09	112.47	100.27
Total Non-Current Liabilities+	2.03B	1.93B	8.86B	8.41B	8.86B	9.54B	9.43B	8.58B	8.44B	8.32B
Long-Term Debt	13M	37M	6.22B	6.29B	6.3B	6.74B	6.69B	5.98B	5.87B	5.97B
Capital Lease Obligations	0	1M	87M	103M	0	0	0	0	0	0
Deferred Tax Liabilities	0	880M	490M	143M	51M	186M	127M	229M	176M	83M
Other Non-Current Liabilities	2.02B	1.01B	2.06B	1.88B	2.5B	2.61B	2.62B	2.37B	2.39B	2.26B
Total Liabilities	8.59B	6.87B	18.09B	17.43B	18.87B	19.77B	18.56B	19.66B	21.43B	21.31B
Total Debt+	511M	277M	8.35B	7.33B	6.62B	7.63B	6.73B	6.66B	6.02B	6.02B
Net Debt	-921M	-704M	1.32B	3.61B	3.37B	3.5B	2.87B	4.17B	3.38B	2.66B
Debt / Equity	0.04x	0.02x	0.22x	0.21x	0.19x	0.42x	0.40x	0.46x	0.39x	0.35x
Debt / EBITDA	1.30x	0.28x	10.19x	3.35x	2.66x	-	2.79x	2.96x	1.77x	1.43x
Net Debt / EBITDA	-2.35x	-0.70x	1.61x	1.65x	1.35x	-	1.19x	1.86x	0.99x	0.63x
Interest Coverage	-1.15x	4.48x	-2.17x	3.14x	4.53x	-60.52x	4.38x	4.70x	10.73x	15.56x
Total Equity+	14.54B	14.86B	38.41B	35.01B	34.5B	18.24B	16.75B	14.53B	15.52B	17.05B
Equity Growth %	-	0.02%	1.59%	-0.09%	-0.01%	-0.47%	-0.08%	-0.13%	0.07%	0.1%
Book Value per Share	33.83	34.55	89.95	80.80	61.94	27.03	20.32	14.72	15.29	17.04
Total Shareholders' Equity	14.39B	14.69B	14.28B	17.46B	21.93B	12.89B	14.83B	14.39B	15.37B	16.89B
Common Stock	15.92B	0	0	0	0	0	0	0	0	0
Retained Earnings	0	0	-103M	25M	0	-9.94B	-10.16B	-10.76B	-8.82B	-5.84B
Treasury Stock	-9M	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.53B	-1.89B	-703M	-1.22B	-1.64B	-1.78B	-2.38B	-2.97B	-2.8B	-3.16B
Minority Interest	157M	167M	24.13B	17.55B	12.57B	5.35B	1.92B	131M	151M	160M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.28B	262M	-799M	1.76B	2.13B	1.3B	2.37B	1.89B	3.06B	3.33B
Operating CF Margin %	0.08%	0.02%	-0.05%	0.08%	0.09%	0.06%	0.12%	0.09%	0.12%	0.12%
Operating CF Growth %	-	-0.79%	-4.05%	3.21%	0.21%	-0.39%	0.82%	-0.2%	0.62%	0.09%
Net Income	-606M	403M	-396M	195M	94M	951M	336M	-578M	1.97B	3.01B
Depreciation & Amortization	530M	550M	1.1B	1.49B	1.42B	1.32B	1.1B	1.06B	1.09B	1.14B
Stock-Based Compensation	0	0	37M	0	187M	210M	205M	207M	197M	202M
Deferred Taxes	-96M	39M	-333M	-249M	51M	160M	133M	105M	-59M	-671M
Other Non-Cash Items	204M	-91M	-9M	56M	-61M	-1.78B	-19M	971M	-561M	-290M
Working Capital Changes	1.25B	-639M	-1.2B	274M	437M	443M	614M	122M	428M	-53M
Change in Receivables	469M	278M	-1.19B	-204M	-583M	680M	-126M	-625M	-986M	-159M
Change in Inventory	442M	345M	418M	-339M	-200M	-80M	170M	-885M	-461M	-102M
Change in Payables	-450M	-256M	303M	794M	249M	-711M	246M	605M	61M	91M
Cash from Investing+	-466M	-472M	-4.12B	-578M	-1.04B	-618M	-463M	-1.56B	-817M	-1.02B
Capital Expenditures	-607M	-424M	-665M	-995M	-976M	-787M	-541M	-772M	-1.22B	0
CapEx % of Revenue	0.04%	0.03%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	46M	-47M	-113M	506M	30M	8M	187M	53M	43M	-1.11B
Cash from Financing+	-515M	-102M	10.92B	-4.36B	-1.53B	225M	-2.14B	-1.59B	-2.03B	-1.53B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-297M	0	-155M	-315M	-395M	-488M	-592M	-726M	-786M	-836M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-289M	54M	8.46B	-502M	-302M	-278M	-181M	-10M	-53M	-64M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	670M	-162M	-1.46B	767M	1.15B	517M	1.83B	1.12B	1.84B	2.05B
FCF Margin %	0.04%	-0.01%	-0.09%	0.03%	0.05%	0.02%	0.09%	0.05%	0.07%	0.07%
FCF Growth %	-	-1.24%	-8.04%	1.52%	0.5%	-0.55%	2.55%	-0.39%	0.65%	0.12%
FCF per Share	1.56	-0.38	-3.43	1.77	2.06	0.77	2.22	1.13	1.81	2.05
FCF Conversion (FCF/Net Income)	-2.11x	1.03x	13.10x	9.04x	16.61x	-0.13x	-10.84x	-3.14x	1.58x	1.12x
Interest Paid	52M	55M	109M	301M	285M	289M	305M	291M	309M	298M
Taxes Paid	264M	317M	230M	424M	438M	441M	314M	498M	595M	1.04B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.17%	1.73%	-0.23%	0.53%	0.37%	-37.69%	-1.25%	-3.84%	12.93%	18.29%
Return on Invested Capital (ROIC)	-0.76%	2.47%	-0.79%	1.34%	2.11%	-40.2%	4.75%	4.64%	9.25%	11.97%
Gross Margin	26.94%	23.71%	17.67%	17.42%	18.59%	15.45%	19.75%	20.8%	20.59%	20.99%
Net Margin	-3.63%	1.91%	-0.36%	0.85%	0.54%	-48.01%	-1.07%	-2.84%	7.62%	10.7%
Debt / Equity	0.04x	0.02x	0.22x	0.21x	0.19x	0.42x	0.40x	0.46x	0.39x	0.35x
Interest Coverage	-1.15x	4.48x	-2.17x	3.14x	4.53x	-60.52x	4.38x	4.70x	10.73x	15.56x
FCF Conversion	-2.11x	1.03x	13.10x	9.04x	16.61x	-0.13x	-10.84x	-3.14x	1.58x	1.12x
Revenue Growth	-	-20.49%	29.47%	33.17%	4.2%	-13.14%	-0.98%	3.19%	20.56%	9.11%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Oilfield Services And Equipment	5.85B	11.62B	12.89B	10.14B	9.54B	13.23B	15.36B	15.63B
Oilfield Services And Equipment Growth	-	98.55%	10.95%	-21.33%	-5.90%	38.64%	16.12%	1.74%
Industrial And Energy Technology	-	-	-	-	-	7.93B	10.14B	12.2B
Industrial And Energy Technology Growth	-	-	-	-	-	-	28.00%	20.27%
Turbomachinery and Process Solutions	6.46B	6.01B	5.54B	5.71B	6.42B	-	-	-
Turbomachinery and Process Solutions Growth	-	-6.93%	-7.96%	3.05%	12.48%	-	-	-
Oilfield Equipment	2.64B	2.64B	2.92B	2.84B	2.49B	-	-	-
Oilfield Equipment Growth	-	0.15%	10.60%	-2.64%	-12.59%	-	-	-
Digital Solutions	2.31B	2.6B	2.49B	2.02B	2.06B	-	-	-
Digital Solutions Growth	-	12.78%	-4.30%	-19.14%	2.08%	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Non-US	12.91B	16.3B	17.65B	16.07B	16B	16.21B	18.95B	20.45B
Non-US Growth	-	26.28%	8.28%	-8.97%	-0.39%	1.31%	16.87%	7.90%
UNITED STATES	4.35B	6.58B	6.19B	4.64B	4.5B	4.94B	6.56B	7.38B
UNITED STATES Growth	-	51.17%	-5.90%	-25.05%	-3.04%	9.90%	32.68%	12.60%

Frequently Asked Questions

Valuation & Price

Baker Hughes Company (BKR) has a price-to-earnings (P/E) ratio of 16.4x. This is roughly in line with market averages.

Growth & Financials

Baker Hughes Company (BKR) reported $27.71B in revenue for fiscal year 2024. This represents a 66% increase from $16.69B in 2015.

Baker Hughes Company (BKR) grew revenue by 9.1% over the past year. This is steady growth.

Yes, Baker Hughes Company (BKR) is profitable, generating $2.89B in net income for fiscal year 2024 (10.7% net margin).

Dividend & Returns

Yes, Baker Hughes Company (BKR) pays a dividend with a yield of 1.71%. This makes it attractive for income-focused investors.

Baker Hughes Company (BKR) has a return on equity (ROE) of 18.3%. This is reasonable for most industries.

Baker Hughes Company (BKR) generated $2.09B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Baker Hughes Company (BKR) 10-Year Financial Performance & Capital Metrics

BKR • • Industrial / General

EnergyOilfield ServicesDrilling Equipment & ServicesDrilling Systems & Equipment

Revenue $27.83B +9.1%
EBITDA $4.22B +23.9%
Net Income $2.98B +53.3%
EPS (Diluted) 2.98 +56.0%
Gross Margin 20.99% +1.9%
EBITDA Margin 15.15% +13.5%
Operating Margin 11.07% +21.9%
Net Margin 10.7% +40.5%
ROE 18.29% +41.4%
ROIC 11.97% +29.5%
Debt/Equity 0.35 -9.0%
Interest Coverage 15.56 +45.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 87.7%
✓Strong Piotroski F-Score: 9/9
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y3.14%

3Y10.72%

TTM1.51%

Profit (Net Income) CAGR

10Y-

5Y87.66%

3Y-

TTM29.06%

EPS CAGR

10Y-

5Y66.92%

3Y-

TTM30.04%

ROCE

10Y Avg-0.79%

5Y Avg-2.58%

3Y Avg9.05%

Latest12.49%

Peer Comparison

Drilling Systems & Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BKRBaker Hughes Company	48.32B	48.97	16.43	9.11%	10.43%	15.77%	4.25%	0.35
SLBSLB N.V.	68.57B	45.90	14.76	9.52%	10.34%	13.54%	6.52%	0.54
WFRDWeatherford International plc	6.3B	87.78	13.00	7.36%	8.15%	25.85%	7.83%	1.39
HALHalliburton Company	27.45B	32.61	11.52	-0.32%	5.91%	12.78%	8.83%	0.83
NOVNOV Inc.	6.46B	17.72	11.08	3.42%	4.37%	5.88%	14.74%	0.37
FETForum Energy Technologies, Inc.	463.65M	40.75	-3.70	10.5%	-14.58%	-38.76%	18.13%	0.85

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	16.69B	13.27B	17.18B	22.88B	23.84B	20.7B	20.5B	21.16B	25.51B	27.83B
Revenue Growth %	-	-0.2%	0.29%	0.33%	0.04%	-0.13%	-0.01%	0.03%	0.21%	0.09%
Cost of Goods Sold+	12.19B	10.12B	14.14B	18.89B	19.41B	17.51B	16.45B	16.76B	20.25B	21.92B
COGS % of Revenue	0.73%	0.76%	0.82%	0.83%	0.81%	0.85%	0.8%	0.79%	0.79%	0.79%
Gross Profit+	4.5B	3.15B	3.04B	3.99B	4.43B	3.2B	4.05B	4.4B	5.25B	5.84B
Gross Margin %	0.27%	0.24%	0.18%	0.17%	0.19%	0.15%	0.2%	0.21%	0.21%	0.21%
Gross Profit Growth %	-	-0.3%	-0.03%	0.31%	0.11%	-0.28%	0.27%	0.09%	0.19%	0.11%
Operating Expenses+	4.63B	2.48B	3.32B	3.29B	3.36B	19.18B	2.74B	3.21B	2.93B	2.76B
OpEx % of Revenue	0.28%	0.19%	0.19%	0.14%	0.14%	0.93%	0.13%	0.15%	0.12%	0.1%
Selling, General & Admin	2.12B	1.94B	2.54B	2.7B	2.83B	2.4B	2.47B	2.51B	2.61B	2.46B
SG&A % of Revenue	0.13%	0.15%	0.15%	0.12%	0.12%	0.12%	0.12%	0.12%	0.1%	0.09%
Research & Development	408M	352M	501M	700M	687M	0	492M	0	0	643M
R&D % of Revenue	0.02%	0.03%	0.03%	0.03%	0.03%	-	0.02%	-	-	0.02%
Other Operating Expenses	2.11B	185M	284M	-114M	-161M	16.77B	-223M	705M	323M	-342M
Operating Income+	-138M	457M	-284M	701M	1.07B	-15.98B	1.31B	1.19B	2.32B	3.08B
Operating Margin %	-0.01%	0.03%	-0.02%	0.03%	0.05%	-0.77%	0.06%	0.06%	0.09%	0.11%
Operating Income Growth %	-	4.31%	-1.62%	3.47%	0.53%	-15.88%	1.08%	-0.1%	0.96%	0.33%
EBITDA+	392M	1.01B	819M	2.19B	2.49B	-14.66B	2.42B	2.25B	3.4B	4.22B
EBITDA Margin %	0.02%	0.08%	0.05%	0.1%	0.1%	-0.71%	0.12%	0.11%	0.13%	0.15%
EBITDA Growth %	-	1.57%	-0.19%	1.67%	0.14%	-6.88%	1.16%	-0.07%	0.52%	0.24%
D&A (Non-Cash Add-back)	530M	550M	1.1B	1.49B	1.42B	1.32B	1.1B	1.06B	1.09B	1.14B
EBIT	-38M	686M	-215M	764M	990M	-14.94B	727M	274M	2.87B	3.46B
Net Interest Income+	-120M	-102M	-131M	-223M	-237M	-264M	-299M	-252M	-216M	-198M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	120M	102M	131M	223M	237M	264M	299M	252M	216M	198M
Other Income/Expense	-20M	-99M	-62M	-160M	-321M	776M	-882M	-1.16B	338M	184M
Pretax Income+	-158M	358M	-346M	541M	753M	-15.2B	428M	22M	2.65B	3.27B
Pretax Margin %	-0.01%	0.03%	-0.02%	0.02%	0.03%	-0.73%	0.02%	0%	0.1%	0.12%
Income Tax+	473M	173M	45M	258M	482M	559M	758M	600M	685M	257M
Effective Tax Rate %	3.84%	0.71%	0.18%	0.36%	0.17%	0.65%	-0.51%	-27.32%	0.73%	0.91%
Net Income+	-606M	254M	-61M	195M	128M	-9.94B	-219M	-601M	1.94B	2.98B
Net Margin %	-0.04%	0.02%	-0%	0.01%	0.01%	-0.48%	-0.01%	-0.03%	0.08%	0.11%
Net Income Growth %	-	1.42%	-1.24%	4.2%	-0.34%	-78.66%	0.98%	-1.74%	4.23%	0.53%
Net Income (Continuing)	-631M	185M	-391M	283M	271M	-15.76B	-330M	-578M	1.97B	3.01B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	157M	167M	24.13B	17.55B	12.57B	5.35B	1.92B	131M	151M	160M
EPS (Diluted)+	-1.41	0.94	-0.24	0.45	0.23	-14.73	-0.27	-0.61	1.91	2.98
EPS Growth %	-	1.67%	-1.26%	2.88%	-0.49%	-65.04%	0.98%	-1.26%	4.13%	0.56%
EPS (Basic)	-1.41	0.94	-0.24	0.46	0.23	-14.73	-0.27	-0.61	1.93	3.00
Diluted Shares Outstanding	430M	430M	427M	433.33M	557M	675M	824M	987M	1.01B	1B
Basic Shares Outstanding	429M	429M	427M	423.91M	555M	675M	824M	987M	1.01B	999.66M
Dividend Payout Ratio	-	-	-	1.62%	3.09%	-	-	-	0.4%	0.28%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	8.41B	7.4B	18.42B	14.97B	15.22B	16.45B	15.06B	14.59B	16.3B	17.21B
Cash & Short-Term Investments	1.43B	981M	7.03B	3.72B	3.25B	4.13B	3.85B	2.49B	2.65B	3.36B
Cash Only	1.43B	981M	7.03B	3.72B	3.25B	4.13B	3.85B	2.49B	2.65B	3.36B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.07B	2.56B	6.01B	5.97B	6.42B	5.62B	5.65B	5.96B	7.08B	7.12B
Days Sales Outstanding	45.21	70.5	127.8	95.23	98.24	99.11	100.61	102.79	101.25	93.41
Inventory	3.67B	3.22B	4.51B	4.62B	4.61B	4.42B	3.98B	4.59B	5.09B	4.95B
Days Inventory Outstanding	109.89	116.25	116.32	89.26	86.67	92.18	88.27	99.92	91.8	82.51
Other Current Assets	1.24B	633M	872M	659M	949M	2.28B	1.58B	1.56B	1.49B	1.77B
Total Non-Current Assets+	14.72B	14.32B	38.08B	37.47B	38.15B	21.55B	20.24B	19.59B	20.64B	21.15B
Property, Plant & Equipment	2.55B	2.33B	6.96B	6.23B	6.24B	5.36B	4.88B	4.54B	4.89B	5.13B
Fixed Asset Turnover	6.53x	5.71x	2.47x	3.67x	3.82x	3.86x	4.20x	4.66x	5.21x	5.43x
Goodwill	6.87B	6.68B	19.93B	20.72B	20.69B	5.98B	5.96B	5.93B	6.14B	6.08B
Intangible Assets	2.68B	2.45B	6.36B	5.72B	5.38B	4.4B	4.13B	4.18B	4.09B	3.95B
Long-Term Investments	95M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	2.53B	2.54B	4.12B	3.73B	4.88B	4.87B	4.54B	4.28B	4.8B	4.71B
Total Assets+	23.13B	21.72B	56.5B	52.44B	53.37B	38.03B	35.35B	34.18B	36.95B	38.36B
Asset Turnover	0.72x	0.61x	0.30x	0.44x	0.45x	0.54x	0.58x	0.62x	0.69x	0.73x
Asset Growth %	-	-0.06%	1.6%	-0.07%	0.02%	-0.29%	-0.07%	-0.03%	0.08%	0.04%
Total Current Liabilities+	6.56B	4.93B	9.23B	9.02B	10.01B	10.23B	9.13B	11.08B	12.99B	12.99B
Accounts Payable	1.41B	1.9B	3.38B	4.03B	4.27B	3.53B	3.75B	4.3B	4.47B	4.54B
Days Payables Outstanding	42.18	68.44	87.15	77.77	80.28	73.64	83.08	93.62	80.57	75.64
Short-Term Debt	498M	239M	2.04B	942M	321M	889M	40M	678M	148M	53M
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.48B	2.8B	3.81B	2.29B	2.56B	2.35B	2.11B	2.28B	2.83B	2.72B
Current Ratio	1.28x	1.50x	2.00x	1.66x	1.52x	1.61x	1.65x	1.32x	1.25x	1.32x
Quick Ratio	0.72x	0.85x	1.51x	1.15x	1.06x	1.18x	1.21x	0.90x	0.86x	0.94x
Cash Conversion Cycle	112.92	118.31	156.96	106.73	104.63	117.64	105.8	109.09	112.47	100.27
Total Non-Current Liabilities+	2.03B	1.93B	8.86B	8.41B	8.86B	9.54B	9.43B	8.58B	8.44B	8.32B
Long-Term Debt	13M	37M	6.22B	6.29B	6.3B	6.74B	6.69B	5.98B	5.87B	5.97B
Capital Lease Obligations	0	1M	87M	103M	0	0	0	0	0	0
Deferred Tax Liabilities	0	880M	490M	143M	51M	186M	127M	229M	176M	83M
Other Non-Current Liabilities	2.02B	1.01B	2.06B	1.88B	2.5B	2.61B	2.62B	2.37B	2.39B	2.26B
Total Liabilities	8.59B	6.87B	18.09B	17.43B	18.87B	19.77B	18.56B	19.66B	21.43B	21.31B
Total Debt+	511M	277M	8.35B	7.33B	6.62B	7.63B	6.73B	6.66B	6.02B	6.02B
Net Debt	-921M	-704M	1.32B	3.61B	3.37B	3.5B	2.87B	4.17B	3.38B	2.66B
Debt / Equity	0.04x	0.02x	0.22x	0.21x	0.19x	0.42x	0.40x	0.46x	0.39x	0.35x
Debt / EBITDA	1.30x	0.28x	10.19x	3.35x	2.66x	-	2.79x	2.96x	1.77x	1.43x
Net Debt / EBITDA	-2.35x	-0.70x	1.61x	1.65x	1.35x	-	1.19x	1.86x	0.99x	0.63x
Interest Coverage	-1.15x	4.48x	-2.17x	3.14x	4.53x	-60.52x	4.38x	4.70x	10.73x	15.56x
Total Equity+	14.54B	14.86B	38.41B	35.01B	34.5B	18.24B	16.75B	14.53B	15.52B	17.05B
Equity Growth %	-	0.02%	1.59%	-0.09%	-0.01%	-0.47%	-0.08%	-0.13%	0.07%	0.1%
Book Value per Share	33.83	34.55	89.95	80.80	61.94	27.03	20.32	14.72	15.29	17.04
Total Shareholders' Equity	14.39B	14.69B	14.28B	17.46B	21.93B	12.89B	14.83B	14.39B	15.37B	16.89B
Common Stock	15.92B	0	0	0	0	0	0	0	0	0
Retained Earnings	0	0	-103M	25M	0	-9.94B	-10.16B	-10.76B	-8.82B	-5.84B
Treasury Stock	-9M	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.53B	-1.89B	-703M	-1.22B	-1.64B	-1.78B	-2.38B	-2.97B	-2.8B	-3.16B
Minority Interest	157M	167M	24.13B	17.55B	12.57B	5.35B	1.92B	131M	151M	160M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.28B	262M	-799M	1.76B	2.13B	1.3B	2.37B	1.89B	3.06B	3.33B
Operating CF Margin %	0.08%	0.02%	-0.05%	0.08%	0.09%	0.06%	0.12%	0.09%	0.12%	0.12%
Operating CF Growth %	-	-0.79%	-4.05%	3.21%	0.21%	-0.39%	0.82%	-0.2%	0.62%	0.09%
Net Income	-606M	403M	-396M	195M	94M	951M	336M	-578M	1.97B	3.01B
Depreciation & Amortization	530M	550M	1.1B	1.49B	1.42B	1.32B	1.1B	1.06B	1.09B	1.14B
Stock-Based Compensation	0	0	37M	0	187M	210M	205M	207M	197M	202M
Deferred Taxes	-96M	39M	-333M	-249M	51M	160M	133M	105M	-59M	-671M
Other Non-Cash Items	204M	-91M	-9M	56M	-61M	-1.78B	-19M	971M	-561M	-290M
Working Capital Changes	1.25B	-639M	-1.2B	274M	437M	443M	614M	122M	428M	-53M
Change in Receivables	469M	278M	-1.19B	-204M	-583M	680M	-126M	-625M	-986M	-159M
Change in Inventory	442M	345M	418M	-339M	-200M	-80M	170M	-885M	-461M	-102M
Change in Payables	-450M	-256M	303M	794M	249M	-711M	246M	605M	61M	91M
Cash from Investing+	-466M	-472M	-4.12B	-578M	-1.04B	-618M	-463M	-1.56B	-817M	-1.02B
Capital Expenditures	-607M	-424M	-665M	-995M	-976M	-787M	-541M	-772M	-1.22B	0
CapEx % of Revenue	0.04%	0.03%	0.04%	0.04%	0.04%	0.04%	0.03%	0.04%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	46M	-47M	-113M	506M	30M	8M	187M	53M	43M	-1.11B
Cash from Financing+	-515M	-102M	10.92B	-4.36B	-1.53B	225M	-2.14B	-1.59B	-2.03B	-1.53B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-297M	0	-155M	-315M	-395M	-488M	-592M	-726M	-786M	-836M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-289M	54M	8.46B	-502M	-302M	-278M	-181M	-10M	-53M	-64M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	670M	-162M	-1.46B	767M	1.15B	517M	1.83B	1.12B	1.84B	2.05B
FCF Margin %	0.04%	-0.01%	-0.09%	0.03%	0.05%	0.02%	0.09%	0.05%	0.07%	0.07%
FCF Growth %	-	-1.24%	-8.04%	1.52%	0.5%	-0.55%	2.55%	-0.39%	0.65%	0.12%
FCF per Share	1.56	-0.38	-3.43	1.77	2.06	0.77	2.22	1.13	1.81	2.05
FCF Conversion (FCF/Net Income)	-2.11x	1.03x	13.10x	9.04x	16.61x	-0.13x	-10.84x	-3.14x	1.58x	1.12x
Interest Paid	52M	55M	109M	301M	285M	289M	305M	291M	309M	298M
Taxes Paid	264M	317M	230M	424M	438M	441M	314M	498M	595M	1.04B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.17%	1.73%	-0.23%	0.53%	0.37%	-37.69%	-1.25%	-3.84%	12.93%	18.29%
Return on Invested Capital (ROIC)	-0.76%	2.47%	-0.79%	1.34%	2.11%	-40.2%	4.75%	4.64%	9.25%	11.97%
Gross Margin	26.94%	23.71%	17.67%	17.42%	18.59%	15.45%	19.75%	20.8%	20.59%	20.99%
Net Margin	-3.63%	1.91%	-0.36%	0.85%	0.54%	-48.01%	-1.07%	-2.84%	7.62%	10.7%
Debt / Equity	0.04x	0.02x	0.22x	0.21x	0.19x	0.42x	0.40x	0.46x	0.39x	0.35x
Interest Coverage	-1.15x	4.48x	-2.17x	3.14x	4.53x	-60.52x	4.38x	4.70x	10.73x	15.56x
FCF Conversion	-2.11x	1.03x	13.10x	9.04x	16.61x	-0.13x	-10.84x	-3.14x	1.58x	1.12x
Revenue Growth	-	-20.49%	29.47%	33.17%	4.2%	-13.14%	-0.98%	3.19%	20.56%	9.11%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Oilfield Services And Equipment	5.85B	11.62B	12.89B	10.14B	9.54B	13.23B	15.36B	15.63B
Oilfield Services And Equipment Growth	-	98.55%	10.95%	-21.33%	-5.90%	38.64%	16.12%	1.74%
Industrial And Energy Technology	-	-	-	-	-	7.93B	10.14B	12.2B
Industrial And Energy Technology Growth	-	-	-	-	-	-	28.00%	20.27%
Turbomachinery and Process Solutions	6.46B	6.01B	5.54B	5.71B	6.42B	-	-	-
Turbomachinery and Process Solutions Growth	-	-6.93%	-7.96%	3.05%	12.48%	-	-	-
Oilfield Equipment	2.64B	2.64B	2.92B	2.84B	2.49B	-	-	-
Oilfield Equipment Growth	-	0.15%	10.60%	-2.64%	-12.59%	-	-	-
Digital Solutions	2.31B	2.6B	2.49B	2.02B	2.06B	-	-	-
Digital Solutions Growth	-	12.78%	-4.30%	-19.14%	2.08%	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Non-US	12.91B	16.3B	17.65B	16.07B	16B	16.21B	18.95B	20.45B
Non-US Growth	-	26.28%	8.28%	-8.97%	-0.39%	1.31%	16.87%	7.90%
UNITED STATES	4.35B	6.58B	6.19B	4.64B	4.5B	4.94B	6.56B	7.38B
UNITED STATES Growth	-	51.17%	-5.90%	-25.05%	-3.04%	9.90%	32.68%	12.60%

Frequently Asked Questions

Valuation & Price

Baker Hughes Company (BKR) has a price-to-earnings (P/E) ratio of 16.4x. This is roughly in line with market averages.

Growth & Financials

Baker Hughes Company (BKR) reported $27.71B in revenue for fiscal year 2024. This represents a 66% increase from $16.69B in 2015.

Baker Hughes Company (BKR) grew revenue by 9.1% over the past year. This is steady growth.

Yes, Baker Hughes Company (BKR) is profitable, generating $2.89B in net income for fiscal year 2024 (10.7% net margin).

Dividend & Returns

Yes, Baker Hughes Company (BKR) pays a dividend with a yield of 1.71%. This makes it attractive for income-focused investors.

Baker Hughes Company (BKR) has a return on equity (ROE) of 18.3%. This is reasonable for most industries.

Baker Hughes Company (BKR) generated $2.09B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.