What was Baker Hughes Co's revenue in fiscal 2025?

Baker Hughes Co reported revenue of $27.73B for fiscal 2025, down 0.3% from fiscal 2024.

What is Baker Hughes Co's net margin?

Net margin was 9.3%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Are Baker Hughes Co insiders buying or selling shares?

Over the past 12 months, insiders reported 20 open-market sales totalling $73.2M on Form 4.

Which institutions hold Baker Hughes Co stock?

1,789 institutions reported holding Baker Hughes Co shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Overview

Baker Hughes Co

BKRNASDAQEnergyOil & Gas Field Machinery & EquipmentCIK 0001701605Large-cap benchmark

Latest 10-K: FY2025, filed Feb 5, 2026 · Open the 10-K (Inline XBRL) ↗

Ask about BKR in Workspace

Revenue: $27.73B; 0.3%YoYdown from FY2024; TotalRevenue
Gross profit: Not reported
Net income: $2.59B; 13.1%YoYdown from FY2024; NetIncome
Free cash flow: $2.54B; 23.5%YoYup from FY2024

At a glance

Growth

Baker Hughes Co reported revenue of $27.73B for fiscal 2025, down 0.3% from fiscal 2024.
Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.

Profitability

Net margin was 9.3%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Insiders & holders

Over the past 12 months, insiders reported 20 open-market sales totalling $73.2M on Form 4.
1,789 institutions reported holding Baker Hughes Co shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K, Form 4, 13F

Quick answers

What was Baker Hughes Co's revenue in fiscal 2025?: Baker Hughes Co reported revenue of $27.73B for fiscal 2025, down 0.3% from fiscal 2024.
What is Baker Hughes Co's net margin?: Net margin was 9.3%, against a median of 12.8% across S&P 500 members for the same fiscal year.
Are Baker Hughes Co insiders buying or selling shares?: Over the past 12 months, insiders reported 20 open-market sales totalling $73.2M on Form 4.
Which institutions hold Baker Hughes Co stock?: 1,789 institutions reported holding Baker Hughes Co shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Revenue	$27.73B0.3%down Benchmark median 6.4%	$27.83B9.1%up Benchmark median 4.5%	$25.51B20.6%up Benchmark median 4.8%	$21.16B3.2%up Benchmark median 10.3%	$20.50B1.0%down Benchmark median 13.8%	7.8% Benchmark median 6.6%
Gross Profit Median of 315 / 498	—	—	—	—	—	— Benchmark median 6.2%
Operating Income Median of 373 / 498	—	$3.08B33.0%up Benchmark median 7.4%	$2.32B95.5%up Benchmark median 4.9%	$1.19B9.5%down Benchmark median 7.5%	$1.31Bn/m Benchmark median 23.5%	— Benchmark median 7.2%
Net Income	$2.59B13.1%down Benchmark median 4.8%	$2.98B53.3%up Benchmark median 5.7%	$1.94Bn/m Benchmark median 1.9%	negative: -$0.60Bn/m Benchmark median 1.3%	negative: -$0.22Bn/m Benchmark median 33.9%	n/m Benchmark median 4.1%
EPS (Diluted)	—	$2.9856.0%up Benchmark median 7.9%	$1.91n/m Benchmark median 1.9%	negative: -$0.61n/m Benchmark median 1.5%	negative: -$0.27n/m Benchmark median 34.8%	— Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Total Assets	$40.88B6.6%up Benchmark median 5.6%	$38.36B3.8%up Benchmark median 3.4%	$36.95B8.1%up Benchmark median 4.1%	$34.18B3.2%down Benchmark median 2.2%	$35.31B7.1%down Benchmark median 6.7%	3.7% Benchmark median 4.7%
Total Liabilities Median of 357 / 498	—	—	—	—	—	— Benchmark median 4.4%
Stockholders' Equity	$19.01B11.5%up Benchmark median 6.8%	$17.05B9.9%up Benchmark median 5.4%	$15.52B6.8%up Benchmark median 7.3%	$14.53B13.3%down Benchmark median 2.5%	$16.75B8.2%down Benchmark median 9.0%	3.2% Benchmark median 6.1%
Cash & Equivalents	—	—	—	—	—	— Benchmark median 2.0%
Total Debt	$6.09B1.1%up Benchmark median 2.1%	$6.02B0.0%unchanged Benchmark median 0.2%	$6.02B9.6%down Benchmark median 0.3%	$6.66B1.0%down Benchmark median 0.1%	$6.73B11.9%down Benchmark median -0.1%	-2.5% Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Operating Cash Flow	$3.81B14.3%up Benchmark median 6.3%	$3.33B8.8%up Benchmark median 4.8%	$3.06B62.2%up Benchmark median 9.9%	$1.89B20.5%down Benchmark median -0.7%	$2.37B82.1%up Benchmark median 10.7%	12.6% Benchmark median 7.0%
Capital Expenditures	$1.27B0.4%down Benchmark median 5.4%	$1.28B4.4%up Benchmark median 2.8%	$1.22B23.8%up Benchmark median 11.3%	$0.99B15.5%up Benchmark median 14.0%	$0.86B12.1%down Benchmark median 8.1%	10.4% Benchmark median 9.0%
Free Cash Flow Median of 378 / 498	$2.54B23.5%up Benchmark median 7.3%	$2.05B11.8%up Benchmark median 6.1%	$1.84B104.4%up Benchmark median 8.8%	$0.90B40.8%down Benchmark median -11.3%	$1.52B360.0%up Benchmark median 10.2%	13.7% Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Quality · Return on capital

Profit earned on the money in the business

14.4%

Wall Street

ROE: net income ÷ equity

FY2024 18.3%

— Not reported

Value investor

ROIC: after-tax operating profit ÷ invested capital

FY2024 11.2%

How it’s calculated

Wall Street · ROE: net income ÷ equity

Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.

return_on_equity (ratio table)

Value investor · ROIC: after-tax operating profit ÷ invested capital

Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it

roic (ratio table)

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

Cash & capital allocation

Where the cash went in FY2025, from the 10-K cash flow statement.

Operating cash flow: $3.81B
Capex: $1.27B
Free cash flow: $2.54B
R&D: $600.00M
Buybacks: $384.00M
Dividends: $910.00M
Debt repaid: $0.00
Debt issued: —
Net debt change: —

Uses of operating cash flow, FY2025

Buybacks10.1%
Dividends23.9%
Capex33.4%
Debt repayment0.0%

Each use is shown against operating cash flow on its own; the uses overlap.

Buybacks + dividends exceeded free cash flow in FY2022.

Free cash flow by year

FY21$1.52B
FY22$899.00M
FY23$1.84B
FY24$2.05B
FY25$2.54B

Buybacks by year

FY21$434.00M
FY22$828.00M
FY23$538.00M
FY24$484.00M
FY25$384.00M

Smart money

Who is trading and holding Baker Hughes Co, from Form 4, 13F and 13D/13G filings.

Insiders

Insider activity · past 12 months

Open-market trades reported on Form 4 in the past 365 days.

Buys: 0; none reported
Sales: 20; 7 insiders
Value sold: $73.2M
Shares sold: 1,225,078
Net shares: -1,225,078; bought minus sold
Last trade: Jul 1, 2026

Purchases 0% of valueSales 100% of value

Latest open-market insider trades from Form 4
Insider	Type	Date	Shares	Price	Value	Filing
BORRAS MARIA CChief Growth & Experience Ofcr	Sell	Jul 1, 2026	72,000	$55.05	$3,963,600	View filing on SEC EDGAR
Simonelli LorenzoChairman, President and CEO	Sell	Jun 22, 2026	181,411	$58.43	$10,599,845	View filing on SEC EDGAR
Moghal Ahmed FarhanEVP, Chief Financial Officer	Sell	Jun 15, 2026	20,000	$62.38	$1,247,600	View filing on SEC EDGAR

See plans

Open-market purchases (code P) and sales (code S) only. Grants, option exercises and tax withholding are excluded. Sales may be made under pre-arranged Rule 10b5-1 plans.

Ownership

Largest institutional holders

13F

Quarter ended Jun 30, 2026; change versus Mar 31, 2026.

Institutions reporting: 1,789
Largest holder: Vanguard Capital Management; 64,829,367 shares

Vanguard Capital Management
64,829,367 sh · $3.6BAdded 0.9%13F-HR · Jun 30, 2026 on SEC EDGAR
STATE STREET CORP
64,578,131 sh · $3.6BTrimmed 0.6%13F-HR · Jun 30, 2026 on SEC EDGAR
JPMORGAN CHASE & CO.
48,710,026 sh · $2.7BNo prior-quarter match13F-HR · Jun 30, 2026 on SEC EDGAR

See plans

Some filers' amendments could not be read, so a few holders may be counted twice.

13F filings are due 45 days after quarter end, so this is the latest fully reported quarter. Amended filings are counted once.

Blockholders, 5% and over

13D/G

SC 13D / 13G, latest filing per filer.

Filers at 5%+: 5
Combined: 36.5%; sum of latest filings
Activist (13D): 0

5%+ filers, share of the class as filedof 100%

BlackRock, Inc.8.5%
Passive · 13GLast filed 1 yr agoSC 13G/A · Apr 17, 2025 on SEC EDGAR
Vanguard Capital Management7.47%
Passive · 13GSC 13G · Apr 29, 2026 on SEC EDGAR
ENTITIES ONLY)7.2%
Passive · 13GLast filed 2 yrs agoSC 13G/A · Oct 17, 2024 on SEC EDGAR

See plans

No filer switched from a passive 13G to an activist 13D in the last 365 days.

Percent of the class as each filer last reported it; filings older than a year may no longer reflect the stake. Latest filing per filer within three years; a later filing reporting 0% removes the filer.

Full history, every insider and 13F filer, 13D/G activist stakes, and webhooks are on Institutional.

See Institutional

Smart money

Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Restatement Radar

6 numbers Baker Hughes Co later changed — same XBRL tag, both filings linked.

numbers changed: 6
restating filings: 3
came with an amendment or a non-reliance notice: 0

Oct 30, 2018 · 10-Q
changed 1 number
No amendment filed
Open filing
- Operating incomeQ3 2017-$122M restated to -$193M−58.2%
  As reported · Oct 30, 2017us-gaap:OperatingIncomeLoss
Feb 19, 2019 · 10-K
changed 1 number
No amendment filed
Open filing
- Pretax incomeFY 2016$584M restated to $358M−38.7%
  As reported · Feb 23, 2018us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Feb 13, 2020 · 10-K
changed 4 numbers
No amendment filed
Open filing
- Operating incomeFY 2017-$107M restated to -$284M−165.4%
  As reported · Feb 23, 2018us-gaap:OperatingIncomeLoss
- Pretax incomeFY 2017-$160M restated to -$335M−109.4%
  As reported · Feb 23, 2018us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
- Pretax incomeFY 2017-$171M restated to -$346M−102.3%
  As reported · Feb 23, 2018us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
- Net incomeFY 2017-$73M restated to -$103M−41.1%
  As reported · Feb 23, 2018us-gaap:NetIncomeLoss

BKR is not the only one.

See every restatement we've found across the market — or get an alert the next time BKR revises a number.

Restatement Radar Alert me

Restatements are detected by comparing every vintage of a fact across all of Baker Hughes Co's filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows BKR's most significant revisions, and a figure absent from it has not been certified as unrevised.

Peers, filings & research

Sector Peers

WILLIAMS COMPANIES, INC.

VALERO ENERGY CORP/TX

MPC· Energy

Marathon Petroleum Corp

Recent SEC filings

The six newest, periodic reports and 8-Ks together. Dates are SEC filing dates.

All filings on EDGAR

Six most recent SEC filings, newest first
Form	Filing	Filed	Document
10-Q	Quarterly report · Quarter ended Sep 30, 2026 0001701605-26-000035 · accepted 20:09 UTC	Oct 28, 2026	Open	Filed Oct 28, 2026 · 0001701605-26-000035
8-K	Current report (material events) · Event dated Oct 27, 2026 0001701605-26-000033 · accepted 21:05 UTC	Oct 27, 2026	Open	Filed Oct 27, 2026 · 0001701605-26-000033
8-K	Current report (material events) · Event dated Sep 9, 2026 0001193125-26-385823 · accepted 10:01 UTC	Sep 9, 2026	Open	Filed Sep 9, 2026 · 0001193125-26-385823
10-Q	Quarterly report · Quarter ended Jun 30, 2026 0001701605-26-000023 · accepted 20:12 UTC	Jul 27, 2026	Open	Filed Jul 27, 2026 · 0001701605-26-000023
8-K	Current report (material events) · Event dated Jul 26, 2026 0001701605-26-000021 · accepted 10:07 UTC	Jul 27, 2026	Open	Filed Jul 27, 2026 · 0001701605-26-000021
10-K	Annual report · Fiscal year ended Dec 31, 2025 0001701605-26-000007 · accepted 21:16 UTC	Feb 5, 2026	Open	Filed Feb 5, 2026 · 0001701605-26-000007

“Open” goes to the Inline XBRL viewer when the filing has one, else the primary document. The accession opens the EDGAR index.

Research Reports

No published research on BKR yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on BKR and publish the result to your public profile.

Browse the research catalog Generate one with your agent

The data behind this page

27 tables, history 1993–present. Every figure above is a row you can query.

Fundamentals

Standardized financial facts, ratios and filings.

fact: 121.4Mrows
ratio: 15.8Mrows
filing: 3.71Mrows
entity: 33,316rows

350+ standard concepts.

Built from these SEC forms

10-K
10-K/A
10-K405
10-K405/A
10-KT
10-KT/A
10-Q
10-Q/A
10-QT
10-QT/A
20-F
20-F/A
40-F
40-F/A
8-K
8-K/A
6-K
6-K/A
S-1
S-1/A
S-3
S-3/A
S-4
S-4/A
S-11
S-11/A
F-1
F-1/A
F-3
F-3/A
F-4
F-4/A
POS AM
10-KSB
10-KSB/A
10-QSB
10-QSB/A
DEF 14Asoon
DEF 14Csoon
DEFA14Asoon
PRE 14Asoon
DEFM14Asoon
425soon
SC TO-Tsoon
SC TO-Isoon
SC 14D9soon
SC 13E3soon
CORRESPsoon
NT 10-Ksoon
NT 10-Qsoon
NT 20-Fsoon
N-PORT-Psoon

Smart money

Insider and institutional filings.

institutional_holding: 88.6Mrows
insider_transaction: 12.1Mrows
insider_filing: 5.55Mrows
insider_ownership: 1.98Mrows

109M+ smart-money rows in all.

Built from these SEC forms

Form 3
Form 3/A
Form 4
Form 4/A
Form 5
Form 5/A
13F-HR
13F-HR/A
13F-NT
13F-NT/A
SC 13D
SC 13D/A
SC 13G
SC 13G/A
Form 144
Form 144/A

One real fact row for Baker Hughes Co

Fact receiptOperatingCashFlow

Operating cash flow · FY2025

$3.81B

3,810,000,000 USD

Baker Hughes Co reported Operating cash flow of $3.8B for fiscal year 2025 in its 10-K filed Feb 5, 2026.

Fiscal period: 2025 FY
Period end: 2025-12-31
Form: 10-K
Filed: Feb 5, 2026
Entity (CIK): 0001701605

Provenance trail

Filed with the SEC
Form 10-K, filed Feb 5, 2026.
Accession 0001701605-26-000007
Open in the Inline XBRL viewer for 0001701605-26-000007
Reported in the filing
Operating cash flow for fiscal year 2025, the period ended 2025-12-31, in USD. Valuein maps the filed line to the standard concept OperatingCashFlow.
Stored as one fact row
Every channel returns this row with the same id.
fact_id 8974c20ec59cbb59d121926341fcfb70fb7cbd451eabd909582861efee2be485
Shown on this page
The same $3.81B appears in the Cash Flow Statement and in Cash & capital allocation.

fact rowjson

{  "entity_id": "0001701605",  "standard_concept": "OperatingCashFlow",  "fiscal_year": 2025,  "fiscal_period": "FY",  "period_end": "2025-12-31",  "numeric_value": 3810000000,  "unit": "USD",  "accession": "0001701605-26-000007",  "fact_id": "8974c20ec59cbb59d121926341fcfb70fb7cbd451eabd909582861efee2be485"}

Get the same data

Get your free API key

bash

# Fact-level Parquet over HTTPS, every row traced to its filingcurl -H "Authorization: Bearer $VALUEIN_API_KEY" \  https://data.valuein.biz/v1/pro/fact/0001701605.parquet \  -o bkr.parquet

Read the API docs

Terminalbash

# The same tables in your notebooks and backtests; the free sample needs no token$ pip install valuein-sdk

Python

from valuein_sdk import ValueinClient with ValueinClient() as client:    sql = """        SELECT fiscal_year, numeric_value FROM fact        WHERE entity_id = '0001701605'          AND standard_concept = 'TotalRevenue'          AND fiscal_period = 'FY'    """    print(client.run_query(sql))

Install the SDK

bash

# Connect Claude or ChatGPT to the same facts, each with a fact_idhttps://mcp.valuein.biz/mcp Ask your agent:get_company_fundamentals BKR   # CIK 0001701605

Connect the MCP server

bash

# Ask in plain English; every figure comes back cited to its filingTell me about BKR: a quick, cited overview I can dig into.

Open BKR in Workspace

One token unlocks every channel. SDK docs · MCP docs

Cite this page

Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/BKR

APA-style text

Valuein. (2026, October 30). Baker Hughes Co (BKR) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/BKR

BibTeX

@misc{valuein_bkr_2026,
  author = {{Valuein}},
  title = {Baker Hughes Co (BKR) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/BKR}},
  note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}

Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 5, 2026 · accession 0001701605-26-000007

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

View BKR filings on SEC EDGAR

Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.

At a glance

Growth

Profitability

Insiders & holders

02Financial statements

Income Statement

Balance Sheet

Cash Flow Statement

Ratios & valuation

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Smart money

Oct 30, 2018 · 10-Q

Feb 19, 2019 · 10-K

Feb 13, 2020 · 10-K

06Peers, filings & research

Sector Peers

Recent SEC filings

Research Reports

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for Baker Hughes Co

Provenance trail

Get the same data

08Cite this page

Insiders & holders

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Oct 30, 2018 · 10-Q

Feb 19, 2019 · 10-K

Feb 13, 2020 · 10-K

Sector Peers

Recent SEC filings

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for Baker Hughes Co

Provenance trail

Get the same data

Financial statements

Cash & capital allocation

Smart money

Peers, filings & research

The data behind this page

Cite this page

Cash & capital allocation

Smart money

The data behind this page