B

Baker Hughes Co

BKR · CIK 0001701605

11 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$27.73B0.3%
FY2025
Net income (FY)
$2.59B13.1%
FY2025
Free cash flow (FY)
$2.54B23.5%
FY2025
Diluted EPS (FY)
$2.9856.0%
FY2024
The story, charted

The shape of the business

FY2015–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$20BFY2015 · Revenue $16.69B · Net income $0 · 0001701605-18-000029 · filed 2018-02-23FY15Revenue $16.69BNet income $00001701605-18-000029 · filed 2018-02-23FY2016 · Revenue $13.08B · Net income $0 · 0001701605-19-000021 · filed 2019-02-19FY16Revenue $13.08BNet income $00001701605-19-000021 · filed 2019-02-19FY2017 · Revenue $17.18B · Net income −$103.0M · 0001701605-20-000019 · filed 2020-02-13FY17Revenue $17.18BNet income −$103.0M0001701605-20-000019 · filed 2020-02-13FY2018 · Revenue $22.88B · Net income $195.0M · 0001701605-21-000026 · filed 2021-02-25FY18Revenue $22.88BNet income $195.0M0001701605-21-000026 · filed 2021-02-25FY2019 · Revenue $23.84B · Net income $128.0M · 0001701605-22-000050 · filed 2022-02-11FY19Revenue $23.84BNet income $128.0M0001701605-22-000050 · filed 2022-02-11FY2020 · Revenue $20.70B · Net income −$9.94B · 0001701605-23-000044 · filed 2023-02-14FY20Revenue $20.70BNet income −$9.94B0001701605-23-000044 · filed 2023-02-14FY2021 · Revenue $20.50B · Net income −$219.0M · 0001701605-24-000033 · filed 2024-02-05FY21Revenue $20.50BNet income −$219.0M0001701605-24-000033 · filed 2024-02-05FY2022 · Revenue $21.16B · Net income −$601.0M · 0001701605-25-000035 · filed 2025-02-04FY22Revenue $21.16BNet income −$601.0M0001701605-25-000035 · filed 2025-02-04FY2023 · Revenue $25.51B · Net income $1.94B · 0001701605-26-000007 · filed 2026-02-05FY23Revenue $25.51BNet income $1.94B0001701605-26-000007 · filed 2026-02-05FY2024 · Revenue $27.83B · Net income $2.98B · 0001701605-26-000007 · filed 2026-02-05FY24Revenue $27.83BNet income $2.98B0001701605-26-000007 · filed 2026-02-05FY2025 · Revenue $27.73B · Net income $2.59B · 0001701605-26-000007 · filed 2026-02-05FY25Revenue $27.73BNet income $2.59B0001701605-26-000007 · filed 2026-02-05FY25Revenue $27.73BNet income $2.59B0001701605-26-000007 · filed 2026-02-05FY15FY17FY19FY21FY23FY25

revenue 1.7× since FY2015 · net margin 0.0% → 9.3%

MarginsNet marginFCF margin
-40%-20%0%FY2015 · Net margin 0.0% · FCF margin 4.0%FY15Net margin 0.0%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 0.0% · FCF margin -1.2%FY16Net margin 0.0%FCF margin -1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -0.6% · FCF margin -8.5%FY17Net margin -0.6%FCF margin -8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 0.9% · FCF margin 3.4%FY18Net margin 0.9%FCF margin 3.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.5% · FCF margin 3.7%FY19Net margin 0.5%FCF margin 3.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -48.0% · FCF margin 1.6%FY20Net margin -48.0%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin -1.1% · FCF margin 7.4%FY21Net margin -1.1%FCF margin 7.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -2.8% · FCF margin 4.2%FY22Net margin -2.8%FCF margin 4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 7.6% · FCF margin 7.2%FY23Net margin 7.6%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 10.7% · FCF margin 7.4%FY24Net margin 10.7%FCF margin 7.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.3% · FCF margin 9.1%FY25Net margin 9.3%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.3%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’16’19’22’25

FY2025: net 9.3% · free cash flow 9.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2015 · OCF $1.28B · FCF $670.0M · 0001701605-18-000029 · filed 2018-02-23FY15OCF $1.28BFCF $670.0M0001701605-18-000029 · filed 2018-02-23FY2016 · OCF $262.0M · FCF −$162.0M · 0001701605-19-000021 · filed 2019-02-19FY16OCF $262.0MFCF −$162.0M0001701605-19-000021 · filed 2019-02-19FY2017 · OCF −$799.0M · FCF −$1.46B · 0001701605-20-000019 · filed 2020-02-13FY17OCF −$799.0MFCF −$1.46B0001701605-20-000019 · filed 2020-02-13FY2018 · OCF $1.76B · FCF $767.0M · 0001701605-21-000026 · filed 2021-02-25FY18OCF $1.76BFCF $767.0M0001701605-21-000026 · filed 2021-02-25FY2019 · OCF $2.13B · FCF $886.0M · 0001701605-22-000050 · filed 2022-02-11FY19OCF $2.13BFCF $886.0M0001701605-22-000050 · filed 2022-02-11FY2020 · OCF $1.30B · FCF $330.0M · 0001701605-23-000044 · filed 2023-02-14FY20OCF $1.30BFCF $330.0M0001701605-23-000044 · filed 2023-02-14FY2021 · OCF $2.37B · FCF $1.52B · 0001701605-24-000033 · filed 2024-02-05FY21OCF $2.37BFCF $1.52B0001701605-24-000033 · filed 2024-02-05FY2022 · OCF $1.89B · FCF $899.0M · 0001701605-25-000035 · filed 2025-02-04FY22OCF $1.89BFCF $899.0M0001701605-25-000035 · filed 2025-02-04FY2023 · OCF $3.06B · FCF $1.84B · 0001701605-26-000007 · filed 2026-02-05FY23OCF $3.06BFCF $1.84B0001701605-26-000007 · filed 2026-02-05FY2024 · OCF $3.33B · FCF $2.05B · 0001701605-26-000007 · filed 2026-02-05FY24OCF $3.33BFCF $2.05B0001701605-26-000007 · filed 2026-02-05FY2025 · OCF $3.81B · FCF $2.54B · 0001701605-26-000007 · filed 2026-02-05FY25OCF $3.81BFCF $2.54B0001701605-26-000007 · filed 2026-02-05FY25OCF $3.81BFCF $2.54B0001701605-26-000007 · filed 2026-02-05’16’19’22’25

FY2025: $3.81B operating cash − $1.27B capex = $2.54B free cash flow

Returns on capitalReturn on equityReturn on assets
-50%0%FY2016 · ROE 0.0% · ROA 0.0%FY16ROE 0.0%ROA 0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -0.7% · ROA -0.2%FY17ROE -0.7%ROA -0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 1.1% · ROA 0.4%FY18ROE 1.1%ROA 0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 0.6% · ROA 0.2%FY19ROE 0.6%ROA 0.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -77.1% · ROA -26.2%FY20ROE -77.1%ROA -26.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -1.5% · ROA -0.6%FY21ROE -1.5%ROA -0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -4.2% · ROA -1.8%FY22ROE -4.2%ROA -1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 12.6% · ROA 5.3%FY23ROE 12.6%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.6% · ROA 7.8%FY24ROE 17.6%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 13.7% · ROA 6.3%FY25ROE 13.7%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 13.7%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assets’17’19’21’23’25

return on equity 0% (FY2016) → 14% (FY2025) · on assets 6.3%

The receipts