Baker Hughes Company (BKR) Financial Ratios
11 years of historical data (2015–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↑
14.00
↑+38% vs avg
5yr avg: 10.17
30Y Low5.9·High33.1
P/FCF
↑
24.83
↑+33% vs avg
5yr avg: 18.73
30Y Low10.8·High27.2
P/B Ratio
↑
3.32
↑+63% vs avg
5yr avg: 2.04
30Y Low0.3·High2.4
ROE
↑
14.4%
↓+77% vs avg
5yr avg: 8.1%
30Y Low-38%·High18%
Debt/EBITDA
↓
1.51
↓-21% vs avg
5yr avg: 1.90
30Y Low0.3·High10.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BKR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Baker Hughes Company trades at 24.4x earnings, 49% above its 5-year average of 16.4x, sitting at the 50th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 46%. On a free-cash-flow basis, the stock trades at 24.8x P/FCF, 33% above the 5-year average of 18.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $63.0B | $45.3B | $41.1B | $34.7B | $29.1B | $19.8B | $14.1B | $14.3B | $9.3B | $13.5B | $19.6B |
| Enterprise Value | $66.4B | $48.7B | $43.7B | $38.1B | $33.3B | $22.7B | $17.6B | $17.6B | $12.9B | $14.8B | $18.9B |
| P/E Ratio → | 24.43 | 17.52 | 13.77 | 17.90 | — | — | — | 111.43 | 47.78 | — | 48.38 |
| P/S Ratio | 2.27 | 1.63 | 1.48 | 1.36 | 1.38 | 0.97 | 0.68 | 0.60 | 0.41 | 0.79 | 1.47 |
| P/B Ratio | 3.32 | 2.38 | 2.41 | 2.24 | 2.01 | 1.18 | 0.77 | 0.41 | 0.27 | 0.35 | 1.32 |
| P/FCF | 24.83 | 17.84 | 19.99 | 18.88 | 26.12 | 10.82 | 27.22 | 12.41 | 12.15 | — | — |
| P/OCF | 16.54 | 11.88 | 12.32 | 11.33 | 15.44 | 8.35 | 10.79 | 6.71 | 5.29 | — | 74.64 |
P/E links to full P/E history page with 30-year chart
BKR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Baker Hughes Company's enterprise value stands at 14.0x EBITDA, 38% above its 5-year average of 10.2x. The Energy sector median is 8.1x, placing the stock at a 74% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.76 | 1.57 | 1.49 | 1.57 | 1.11 | 0.85 | 0.74 | 0.56 | 0.86 | 1.42 |
| EV / EBITDA | 14.00 | 10.26 | 9.68 | 10.21 | 11.29 | 9.40 | 8.84 | 7.08 | 5.91 | 18.11 | 18.72 |
| EV / EBIT | 18.68 | 15.71 | 12.62 | 13.26 | 121.59 | 31.22 | 26.15 | 17.83 | 16.92 | — | 27.48 |
| EV / FCF | — | 19.19 | 21.29 | 20.71 | 29.85 | 12.38 | 33.99 | 15.35 | 16.85 | — | — |
BKR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Baker Hughes Company earns an operating margin of 12.8%, roughly in line with the Energy sector average. Operating margins have expanded from 10.4% to 12.8% over the past 3 years, signaling improving operational efficiency. ROE of 14.4% is modest. ROIC of 12.7% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.6% | 23.6% | 23.3% | 23.1% | 23.4% | 22.1% | 18.0% | 18.6% | 17.4% | 17.7% | 23.7% |
| Operating Margin | 12.8% | 12.8% | 12.2% | 10.4% | 8.9% | 6.4% | 3.2% | 4.5% | 3.1% | -1.7% | 3.4% |
| Net Profit Margin | 9.3% | 9.3% | 10.7% | 7.6% | -2.8% | -1.1% | -48.0% | 0.5% | 0.9% | -0.4% | 1.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 14.4% | 18.3% | 12.9% | -3.8% | -1.3% | -37.7% | 0.4% | 0.5% | -0.2% | 1.7% |
| ROA | 6.5% | 6.5% | 7.9% | 5.5% | -1.7% | -0.6% | -21.8% | 0.2% | 0.4% | -0.2% | 1.1% |
| ROIC | 12.7% | 12.7% | 13.1% | 10.5% | 7.4% | 4.8% | 1.7% | 2.1% | 1.3% | -0.8% | 2.5% |
| ROCE | 13.6% | 13.6% | 13.7% | 11.2% | 7.7% | 4.8% | 1.9% | 2.5% | 1.5% | -0.9% | 2.7% |
BKR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Baker Hughes Company carries a Debt/EBITDA ratio of 1.5x, which is manageable (38% below the sector average of 2.4x). Net debt stands at $3.4B ($7.1B total debt minus $3.7B cash). Interest coverage of 14.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.35 | 0.39 | 0.46 | 0.40 | 0.42 | 0.19 | 0.21 | 0.22 | 0.02 |
| Debt / EBITDA | 1.51 | 1.51 | 1.33 | 1.62 | 2.26 | 2.79 | 3.84 | 2.66 | 3.35 | 10.19 | 0.28 |
| Net Debt / Equity | — | 0.18 | 0.16 | 0.22 | 0.29 | 0.17 | 0.19 | 0.10 | 0.10 | 0.03 | -0.05 |
| Net Debt / EBITDA | 0.72 | 0.72 | 0.59 | 0.91 | 1.41 | 1.19 | 1.76 | 1.35 | 1.65 | 1.61 | -0.70 |
| Debt / FCF | — | 1.35 | 1.29 | 1.84 | 3.74 | 1.57 | 6.77 | 2.93 | 4.70 | — | — |
| Interest Coverage | 13.96 | 13.96 | 17.49 | 13.29 | 1.09 | 2.43 | 2.55 | 4.18 | 3.43 | -1.64 | 6.73 |
BKR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.36x means Baker Hughes Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.00x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.25x to 1.36x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.36 | 1.36 | 1.32 | 1.25 | 1.32 | 1.65 | 1.61 | 1.52 | 1.66 | 2.00 | 1.50 |
| Quick Ratio | 1.00 | 1.00 | 0.94 | 0.86 | 0.90 | 1.21 | 1.18 | 1.06 | 1.15 | 1.51 | 0.85 |
| Cash Ratio | 0.36 | 0.36 | 0.26 | 0.20 | 0.22 | 0.42 | 0.40 | 0.32 | 0.41 | 0.76 | 0.20 |
| Asset Turnover | — | 0.68 | 0.73 | 0.69 | 0.62 | 0.58 | 0.54 | 0.45 | 0.44 | 0.30 | 0.61 |
| Inventory Turnover | 4.28 | 4.28 | 4.31 | 3.85 | 3.53 | 4.01 | 3.84 | 4.21 | 4.09 | 3.14 | 3.14 |
| Days Sales Outstanding | — | 87.40 | 93.41 | 101.25 | 102.79 | 100.61 | 99.11 | 98.24 | 95.23 | 127.80 | 70.50 |
BKR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Baker Hughes Company returns 2.1% to shareholders annually — split between a 1.4% dividend yield and 0.6% buyback yield. The payout ratio of 35.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 2.0% | 2.0% | 2.3% | 2.5% | 3.0% | 3.5% | 2.8% | 3.4% | 1.1% | — |
| Payout Ratio | 35.2% | 35.2% | 28.1% | 40.5% | — | — | — | 308.6% | 161.5% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 5.7% | 7.3% | 5.6% | — | — | — | 0.9% | 2.1% | — | 2.1% |
| FCF Yield | 4.0% | 5.6% | 5.0% | 5.3% | 3.8% | 9.2% | 3.7% | 8.1% | 8.2% | — | — |
| Buyback Yield | 0.6% | 0.8% | 1.2% | 1.6% | 2.8% | 2.2% | 0.0% | 1.8% | 26.7% | 3.5% | 0.0% |
| Total Shareholder Yield | 2.1% | 2.9% | 3.2% | 3.8% | 5.3% | 5.2% | 3.5% | 4.5% | 30.1% | 4.7% | 0.0% |
| Shares Outstanding | — | $994M | $1.0B | $1.0B | $987M | $824M | $675M | $557M | $433M | $427M | $430M |
Peer Comparison
Compare BKR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BKRYou | $63B | 24.4 | 14.0 | 24.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 SLB | $80B | 22.6 | 12.1 | 16.6 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $33B | 26.1 | 11.4 | 19.5 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 WHD | $4B | 23.3 | 10.2 | 17.9 | 54.6% | 23.2% | 12.3% | 19.4% | 0.1 |
 LBRT | $5B | 35.6 | 10.3 | 363.9 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
 FTI | $28B | 30.9 | 21.0 | 19.6 | 17.3% | 9.6% | 29.5% | 17.6% | 1.4 |
 NOV | $7B | 49.5 | 8.4 | 8.1 | 20.2% | 6.5% | 2.3% | 5.8% | 2.5 |
 OII | $4B | 10.5 | 8.5 | 17.6 | 20.4% | 10.9% | 39.4% | 23.4% | 1.2 |
 GTLS | $10B | 628.5 | 14.3 | 48.9 | 29.2% | 15.2% | 1.3% | 7.4% | 4.0 |
 XOM | $621B | 21.9 | 10.9 | 26.3 | 21.7% | 10.5% | 10.7% | 8.6% | 0.7 |
 CVX | $364B | 27.5 | 10.9 | 21.9 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
| Energy Median | — | 16.8 | 8.1 | 14.3 | 31.9% | 14.3% | 7.8% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBKR — Frequently Asked Questions
Quick answers to the most common questions about buying BKR stock.
What is Baker Hughes Company's P/E ratio?
Baker Hughes Company's current P/E ratio is 24.4x. The historical average is 42.8x. This places it at the 50th percentile of its historical range.
What is Baker Hughes Company's EV/EBITDA?
Baker Hughes Company's current EV/EBITDA is 14.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
What is Baker Hughes Company's ROE?
Baker Hughes Company's return on equity (ROE) is 14.4%. The historical average is 0.1%.
Is BKR stock overvalued?
Based on historical data, Baker Hughes Company is trading at a P/E of 24.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Baker Hughes Company's dividend yield?
Baker Hughes Company's current dividend yield is 1.44% with a payout ratio of 35.2%.
What are Baker Hughes Company's profit margins?
Baker Hughes Company has 23.6% gross margin and 12.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Baker Hughes Company have?
Baker Hughes Company's Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.