Baker Hughes Company (BKR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 6.59B | 7.39B | 7.01B | 6.91B | 6.43B | 7.36B | 6.91B | 7.14B | 6.42B | 6.83B | 6.64B | 6.32B | 5.72B | 5.91B | 5.37B | 5.05B | 4.83B | 5.49B | 5.09B | 5.14B |
| Revenue Growth % | 2.49% | 0.3% | 1.48% | -3.21% | 0.14% | 7.74% | 4.02% | 13.05% | 12.28% | 15.75% | 23.69% | 25.12% | 18.22% | 7.66% | 5.42% | -1.85% | 1.11% | -0.18% | 0.87% | 8.57% |
| Cost of Goods Sold | 5.08B | 5.63B | 5.31B | 5.29B | 4.95B | 5.83B | 5.21B | 5.49B | 5.14B | 5.39B | 5.3B | 5B | 4.57B | 4.57B | 4.25B | 4.08B | 3.87B | 4.28B | 4.08B | 4.17B |
| COGS % of Revenue | 77.17% | 76.27% | 75.73% | 76.63% | 77.05% | 79.22% | 75.39% | 76.94% | 80.09% | 78.83% | 79.78% | 79.24% | 79.9% | 77.36% | 79.06% | 80.78% | 79.94% | 78.03% | 80.17% | 81.02% |
| Gross Profit | 1.5B | 1.75B | 1.7B | 1.61B | 1.48B | 1.53B | 1.7B | 1.65B | 1.28B | 1.45B | 1.34B | 1.31B | 1.15B | 1.34B | 1.12B | 970M | 970M | 1.21B | 1.01B | 976M |
| Gross Margin % | 22.83% | 23.73% | 24.27% | 23.37% | 22.95% | 20.78% | 24.61% | 23.06% | 19.91% | 21.17% | 20.22% | 20.76% | 20.1% | 22.64% | 20.94% | 19.22% | 20.06% | 21.97% | 19.83% | 18.98% |
| Gross Profit Growth % | 1.97% | 14.58% | 0.06% | -1.88% | 15.41% | 5.74% | 26.58% | 25.55% | 11.23% | 8.23% | 19.48% | 35.15% | 18.45% | 10.95% | 11.29% | -0.61% | 13.05% | 19.43% | 33.42% | 43.95% |
| Operating Expenses | 695M | 783M | 753M | 728M | 723M | 585M | 770M | 813M | 625M | 796M | 629M | 797M | 711M | 674M | 855M | 995M | 691M | 631M | 632M | 782M |
| OpEx % of Revenue | 10.55% | 10.6% | 10.74% | 10.54% | 11.25% | 7.94% | 11.15% | 11.39% | 9.74% | 11.65% | 9.47% | 12.62% | 12.44% | 11.41% | 15.92% | 19.71% | 14.29% | 11.5% | 12.41% | 15.21% |
| Selling, General & Admin | 562M | 636M | 607M | 567M | 577M | 585M | 612M | 643M | 618M | 634M | 627M | 695M | 655M | 645M | 620M | 624M | 621M | 634M | 607M | 642M |
| SG&A % of Revenue | 8.53% | 8.61% | 8.66% | 8.21% | 8.98% | 7.94% | 8.86% | 9.01% | 9.63% | 9.28% | 9.44% | 11.01% | 11.46% | 10.92% | 11.55% | 12.36% | 12.84% | 11.56% | 11.92% | 12.49% |
| Research & Development | 133M | 147M | 146M | 161M | 146M | 0 | 0 | 158M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 2.02% | 1.99% | 2.08% | 2.33% | 2.27% | - | - | 2.21% | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | 4.24B | 970M | 948M | 887M | 752M | 945M | 930M | 833M | 653M | 651M | 714M | 514M | 438M | 663M | 269M | -25M | 279M | 574M | 378M | 194M |
| Operating Margin % | 64.37% | 13.13% | 13.52% | 12.84% | 11.7% | 12.83% | 13.46% | 11.67% | 10.17% | 9.52% | 10.75% | 8.14% | 7.66% | 11.23% | 5.01% | -0.5% | 5.77% | 10.46% | 7.42% | 3.77% |
| Operating Income Growth % | 463.83% | 2.65% | 1.94% | 6.48% | 15.16% | 45.16% | 30.25% | 62.06% | 49.09% | -1.81% | 165.43% | 2156% | 56.99% | 15.51% | -28.84% | -112.89% | 70.12% | 215.38% | 871.43% | 473.08% |
| EBITDA | 809M | 1.3B | 1.23B | 1.18B | 1.04B | 1.24B | 1.21B | 1.12B | 936M | 925M | 982M | 790M | 707M | 918M | 524M | 249M | 556M | 847M | 640M | 472M |
| EBITDA Margin % | 12.28% | 17.56% | 17.55% | 17.09% | 16.14% | 16.8% | 17.49% | 15.63% | 14.58% | 13.53% | 14.79% | 12.51% | 12.37% | 15.55% | 9.76% | 4.93% | 11.5% | 15.44% | 12.57% | 9.18% |
| EBITDA Growth % | -21.99% | 4.85% | 1.82% | 5.82% | 10.79% | 33.73% | 23.01% | 41.27% | 32.39% | 0.76% | 87.4% | 217.27% | 27.16% | 8.38% | -18.13% | -47.25% | 21.93% | 73.21% | 139.7% | 63.89% |
| D&A (Non-Cash Add-back) | 0 | 327M | 282M | 294M | 285M | 292M | 278M | 283M | 283M | 274M | 268M | 276M | 269M | 255M | 255M | 274M | 277M | 273M | 262M | 278M |
| EBIT | 0 | 589M | 877M | 1.02B | 612M | 847M | 1.06B | 871M | 682M | 567M | 808M | 672M | 824M | 409M | 209M | -595M | 251M | 782M | 276M | 131M |
| Net Interest Income | 0 | -61M | -56M | -54M | -51M | -55M | -55M | -47M | -41M | -45M | -49M | -58M | -64M | -64M | -65M | -60M | -64M | -94M | -67M | -65M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 86M | 61M | 56M | 54M | 51M | 55M | 55M | 47M | 41M | 45M | 49M | 58M | 64M | 64M | 65M | 60M | 64M | 94M | 67M | 65M |
| Other Income/Expense | -2.97B | -442M | -127M | 80M | -191M | -153M | 79M | -9M | -12M | -129M | 45M | 100M | 322M | -318M | -125M | -630M | -92M | 114M | -169M | -128M |
| Pretax Income | 1.27B | 528M | 821M | 967M | 561M | 792M | 1.01B | 824M | 641M | 522M | 759M | 614M | 760M | 345M | 144M | -655M | 187M | 688M | 209M | 66M |
| Pretax Margin % | 19.34% | 7.15% | 11.71% | 13.99% | 8.73% | 10.76% | 14.61% | 11.54% | 9.99% | 7.64% | 11.43% | 9.72% | 13.3% | 5.84% | 2.68% | -12.98% | 3.87% | 12.54% | 4.1% | 1.28% |
| Income Tax | -336M | -359M | 204M | 256M | 152M | -399M | 235M | 243M | 178M | 71M | 235M | 200M | 179M | 157M | 153M | 182M | 107M | 352M | 193M | 143M |
| Effective Tax Rate % | -26.37% | -67.99% | 24.85% | 26.47% | 27.09% | -50.38% | 23.29% | 29.49% | 27.77% | 13.6% | 30.96% | 32.57% | 23.55% | 45.51% | 106.25% | -27.79% | 57.22% | 51.16% | 92.34% | 216.67% |
| Net Income | 930M | 876M | 609M | 701M | 402M | 1.18B | 766M | 579M | 455M | 440M | 518M | 410M | 576M | 182M | -17M | -837M | 72M | 293M | 8M | -68M |
| Net Margin % | 14.12% | 11.86% | 8.69% | 10.14% | 6.25% | 16.01% | 11.09% | 8.11% | 7.09% | 6.44% | 7.8% | 6.49% | 10.08% | 3.08% | -0.32% | -16.58% | 1.49% | 5.34% | 0.16% | -1.32% |
| Net Income Growth % | 131.34% | -25.7% | -20.5% | 21.07% | -11.65% | 167.95% | 47.88% | 41.22% | -21.01% | 141.76% | 3147.06% | 148.98% | 700% | -37.88% | -312.5% | -1130.88% | 115.93% | -55.13% | 104.71% | 66.17% |
| Net Income (Continuing) | 930M | 887M | 617M | 711M | 409M | 1.19B | 774M | 581M | 463M | 451M | 524M | 414M | 581M | 188M | -9M | -837M | 80M | 336M | 16M | -77M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 176M | 176M | 171M | 171M | 164M | 160M | 154M | 147M | 159M | 151M | 145M | 137M | 135M | 131M | 223M | 204M | 743M | 1.92B | 2.89B | 3.51B |
| EPS (Diluted) | 0.93 | 0.88 | 0.61 | 0.71 | 0.40 | 1.18 | 0.77 | 0.58 | 0.45 | 0.43 | 0.51 | 0.40 | 0.57 | 0.18 | -0.02 | -0.84 | 0.08 | 0.32 | 0.01 | -0.08 |
| EPS Growth % | 132.5% | -25.42% | -20.78% | 22.41% | -11.11% | 174.42% | 50.98% | 45% | -21.05% | 138.89% | 3117.75% | 147.62% | 650.99% | -43.75% | - | -895.26% | 112.44% | -64.84% | 103.72% | 72.77% |
| EPS (Basic) | 0.94 | 0.89 | 0.62 | 0.71 | 0.41 | 1.19 | 0.77 | 0.58 | 0.46 | 0.44 | 0.51 | 0.41 | 0.57 | 0.18 | -0.02 | -0.84 | 0.08 | 0.33 | 0.01 | -0.08 |
| Diluted Shares Outstanding | 996M | 994M | 992M | 991M | 999M | 999M | 999M | 1B | 1B | 1.01B | 1.02B | 1.01B | 1.02B | 1.01B | 1.01B | 1B | 948M | 906M | 857M | 806M |
| Basic Shares Outstanding | 990M | 988M | 986M | 988M | 992M | 997.16M | 993M | 996M | 998M | 1B | 1.01B | 1.01B | 1.01B | 1B | 1.01B | 998.81M | 938M | 896M | 851M | 806M |
| Dividend Payout Ratio | - | 25.91% | 37.27% | 32.38% | 56.97% | 17.64% | 27.28% | 36.1% | 46.15% | 45.45% | 39% | 46.83% | 33.33% | 104.4% | - | - | 238.89% | 53.24% | 1950% | - |