Last 39 quarters of trend data · Energy · Oil & Gas Equipment & Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Baker Hughes Company's quarterly P/E stands at 16.4x, down 40.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 70.9% YoY to 19.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 24.43 | 16.41 | 12.94 | 19.97 | 13.50 | 27.47 | 8.69 | 11.74 | 15.16 | 18.61 | 19.87 | 17.31 | 19.76 |
| — | -40.3% | +48.9% | +70.1% | -10.9% | +47.6% | -56.3% | -32.2% | -23.3% | +47.0% | -51.5% | — | — | |
| P/S Ratio | 2.27 | 2.31 | 1.53 | 1.72 | 1.37 | 1.71 | 1.39 | 1.31 | 1.23 | 1.31 | 1.26 | 1.35 | 1.27 |
| — | +35.1% | +10.1% | +31.9% | +11.5% | +30.4% | +10.2% | -3.3% | -2.9% | +2.0% | +0.1% | +37.5% | -11.3% | |
| P/B Ratio | 3.32 | 2.75 | 2.38 | 2.64 | 2.13 | 2.55 | 2.40 | 2.21 | 2.24 | 2.16 | 2.22 | 2.33 | 2.10 |
| — | +8.0% | -0.9% | +19.3% | -5.0% | +18.0% | +8.0% | -5.3% | +6.5% | +9.3% | +8.4% | +58.7% | +9.7% | |
| P/FCF | 24.83 | 30.40 | 8.81 | 19.06 | 45.23 | 26.84 | 12.24 | 12.72 | 157.17 | 18.64 | 14.98 | 16.98 | 13.78 |
| — | +13.3% | -28.0% | +49.9% | -71.2% | +43.9% | -18.3% | -25.1% | +1040.4% | -50.0% | +32.2% | +34.0% | -72.0% | |
| EV / EBITDA | 14.00 | 19.22 | 9.39 | 10.51 | 8.67 | 11.25 | 8.82 | 8.17 | 8.70 | 9.86 | 10.24 | 10.03 | 11.37 |
| — | +70.9% | +6.4% | +28.6% | -0.3% | +14.0% | -13.9% | -18.5% | -23.5% | -17.1% | +10.7% | -15.7% | -65.3% | |
| EV / EBIT | 18.68 | — | 20.67 | 14.74 | 10.02 | 19.06 | 12.88 | 9.28 | 11.14 | 13.53 | 16.71 | 12.18 | 13.36 |
| — | — | +60.5% | +58.8% | -10.0% | +40.8% | -22.9% | -23.9% | -16.6% | +32.7% | -19.5% | -59.1% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Baker Hughes Company's operating margin was 64.4% in Q1 2026, up 51.2 pp QoQ and up 52.7 pp YoY. The trailing four-quarter average of 26.0% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.6% | 22.8% | 23.7% | 24.3% | 23.4% | 23.0% | 20.8% | 24.6% | 23.1% | 19.9% | 21.2% | 20.2% | 20.8% |
| — | -0.5% | +14.2% | -1.4% | +1.4% | +15.3% | -1.9% | +21.7% | +11.1% | -0.9% | -6.5% | -3.4% | +8.0% | |
| Operating Margin | 12.8% | 64.4% | 13.1% | 13.5% | 12.8% | 11.7% | 12.8% | 13.5% | 11.7% | 10.2% | 9.5% | 10.8% | 8.1% |
| — | +450.1% | +2.3% | +0.5% | +10.0% | +15.0% | +34.7% | +25.2% | +43.4% | +32.8% | -15.2% | +114.6% | +1743.3% | |
| Net Margin | 9.3% | 14.1% | 11.9% | 8.7% | 10.1% | 6.3% | 16.0% | 11.1% | 8.1% | 7.1% | 6.4% | 7.8% | 6.5% |
| — | +125.7% | -25.9% | -21.7% | +25.1% | -11.8% | +148.7% | +42.2% | +24.9% | -29.6% | +108.9% | +2563.7% | +139.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 4.5% | 4.7% | 3.4% | 4.0% | 2.3% | 7.1% | 4.8% | 3.7% | 2.9% | 2.8% | 3.4% | 2.7% |
| — | +92.9% | -33.5% | -29.6% | +7.9% | -19.9% | +148.0% | +41.4% | +36.0% | -25.3% | +125.9% | +3028.3% | +151.3% | |
| ROA | 6.5% | 2.0% | 2.2% | 1.6% | 1.8% | 1.1% | 3.1% | 2.1% | 1.6% | 1.2% | 1.2% | 1.4% | 1.2% |
| — | +92.8% | -29.6% | -24.4% | +16.3% | -14.4% | +159.5% | +44.8% | +36.1% | -26.2% | +121.5% | +2907.5% | +147.3% | |
| ROIC | 12.7% | 13.9% | 3.3% | 3.3% | 3.3% | 2.8% | 3.6% | 3.6% | 3.3% | 2.6% | 2.6% | 2.8% | 2.0% |
| — | +387.1% | -8.3% | -6.4% | -0.3% | +9.5% | +39.0% | +26.6% | +62.2% | +49.3% | -4.1% | +158.7% | +2185.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Baker Hughes Company's Debt/EBITDA ratio is 20.0x, up from 5.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 59.4% YoY to 2.13x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.73 | 0.38 | 0.33 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.39 | 0.39 | 0.43 | 0.44 |
| — | +109.2% | +6.4% | -10.5% | -9.9% | -9.3% | -9.0% | -14.6% | -13.9% | -13.9% | -15.4% | -6.6% | -1.4% | |
| Debt / EBITDA | 1.51 | 19.98 | 5.51 | 4.92 | 5.11 | 5.81 | 4.87 | 5.00 | 5.28 | 6.42 | 6.51 | 6.78 | 8.41 |
| — | +243.9% | +13.1% | -1.5% | -3.3% | -9.5% | -25.2% | -26.3% | -37.2% | -31.9% | -10.3% | -46.6% | -68.6% | |
| Current Ratio | 1.36 | 2.13 | 1.36 | 1.41 | 1.41 | 1.34 | 1.32 | 1.30 | 1.27 | 1.25 | 1.25 | 1.27 | 1.28 |
| — | +59.4% | +2.4% | +8.8% | +11.2% | +7.3% | +5.6% | +1.6% | -1.4% | -5.9% | -4.8% | -15.9% | -15.2% | |
| Quick Ratio | 1.00 | 1.77 | 1.00 | 1.00 | 1.00 | 0.93 | 0.94 | 0.88 | 0.86 | 0.84 | 0.86 | 0.88 | 0.88 |
| — | +90.7% | +6.0% | +13.5% | +16.5% | +10.3% | +9.4% | +0.2% | -2.6% | -7.8% | -4.5% | -18.3% | -18.6% | |
| Interest Coverage | 13.96 | 49.30 | 9.66 | 15.66 | 18.91 | 12.00 | 15.40 | 19.35 | 18.53 | 16.63 | 12.60 | 16.49 | 11.59 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Baker Hughes Company's current P/E is 24.4x. The average P/E over the last 4 quarters is 15.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Baker Hughes Company's current operating margin is 12.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Baker Hughes Company's business trajectory between earnings reports.