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Nasdaq · Energy

Baker Hughes Co (BKR)

As-reported financials and recent SEC filings for Baker Hughes Co, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Baker Hughes Co

Baker Hughes is an energy technology company that provides products and services across the energy and industrial value chain. Its Oilfield Services & Equipment segment designs and manufactures equipment and offers services for onshore and offshore oilfield operations, including drilling, well completions, production solutions, and subsea systems. The company serves major oil and gas companies, independent producers, national oil companies, contractors, and renewable energy firms worldwide.

Snapshot

Revenue
$27.73B
Revenue growth (YoY)
-0.3%
Net income
$2.59B
Diluted EPS
Gross margin
Operating margin
Net margin
9.3%
FCF margin
9.1%
ROE
13.6%
P/E (TTM)
19.4×
Market cap
$60.11B
Debt / equity
0.3×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Baker Hughes

  • Revenue fell 0.3% to $27.7B in FY2025, slower than the 9.1% the year before.
  • Most recent quarter Q2 FY2026: revenue $6.7B, down 2.4% from Q2 FY2025.
  • Free cash flow was $2.5B in FY2025, 9.1% of revenue.
  • Net income fell 13.1% to $2.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Baker Hughes’s fundamentals sit among the 125 Energy companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin9.3%
59th percentile of 120
FCF margin9.1%
72nd percentile of 69
Revenue growth (YoY)-0.3%
45th percentile of 122
ROE13.6%
76th percentile of 100
P/E (TTM)19.4×
50th percentile of 85
Debt / equity0.28×
33rd percentile of 83
Short interest2.84d
19th percentile of 123

No open-market insider buys in the last 90 days; 7 insider sales totaling $28.7M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
7
1 new, 6 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$2.63B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ1 2026$2.19B35.9MReduced
Bridgewater AssociatesQ1 2026$84.3M1.4MAdded
Renaissance TechnologiesquantQ1 2026$76.8M1.3MAdded
AQR Capital ManagementquantQ1 2026$70.2M1.1MReduced
Point72 Asset ManagementquantQ1 2026$68.7M1.1MNew
Millennium ManagementquantQ1 2026$63.3M1.0MAdded
Citadel AdvisorsquantQ1 2026$58.7M961.6KAdded
Gotham Asset ManagementQ1 2026$17.8M290.9KAdded
D. E. ShawquantQ1 2026$3.0M48.9KReduced
Two Sigma InvestmentsquantQ1 2026$540,9648.9KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
7
$28.7M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-01
filed 2026-07-02
BORRAS MARIA CChief Growth & Experience OfcrSell72.0K$55.05$4.0M
2026-06-22
filed 2026-06-24
Simonelli LorenzoChairman, President and CEOSell181.4K$58.43$10.6M
2026-06-15
filed 2026-06-16
Moghal Ahmed FarhanEVP, Chief Financial OfficerSell20.0K$62.38$1.2M
2026-06-15
filed 2026-06-16
Moghal Ahmed FarhanEVP, Chief Financial OfficerSell3.4K$62.38$212K
2026-06-12
filed 2026-06-16
Simonelli LorenzoChairman, President and CEOSell181.4K$63.36$11.5M
2026-06-03
Charlton Rebecca LSVP, Controller & CAOSell5.1K$64.22$327K
2026-05-19
filed 2026-05-21
Apostolides James EChief Infra & Performance OfcrSell12.3K$66.42$814K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
26.6M
settled 2026-07-15
Change vs prior
+8.4%
vs previous settlement
Days to cover
2.84
at avg daily volume
Avg daily volume
9.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1526.6M+8.4%2.84
2026-06-3024.6M-3.5%2.55
2026-06-1525.5M+0.9%4.02
2026-05-2925.2M+12.8%2.86
2026-05-1522.4M-0.9%3.14
2026-04-3022.6M-2.1%2.37
2026-04-1523.1M-2.9%3.21
2026-03-3123.8M+8.2%2.22

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$27.73B$27.83B$25.51B$21.16B$20.50B
Gross profit
Operating income$3.08B$2.32B$1.19B$1.31B
Net income$2.59B$2.98B$1.94B$-601.0M$-219.0M
Diluted EPS$2.98$1.91$-0.61$-0.27

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$3.71B$3.36B$2.65B$2.49B$3.85B
Current assets$18.83B$17.21B$16.30B$14.59B$15.06B
Total assets$40.88B$38.36B$36.95B$34.18B$35.31B
Current liabilities$13.88B$12.99B$12.99B$11.07B$9.13B
Long-term debt$5.40B$5.97B$5.87B$5.98B$6.69B
Total liabilities$21.87B$21.31B$21.43B$19.66B$18.56B
Total equity$19.01B$17.05B$15.52B$14.53B$16.75B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.81B$3.33B$3.06B$1.89B$2.37B
Capital expenditure$1.27B$1.28B$1.22B$989.0M$856.0M
Free cash flow$2.54B$2.05B$1.84B$899.0M$1.52B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$6.74B-2.4%$681.0M
Q1 FY2026$6.59B2.5%$930.0M
Q4 FY2025$7.39B0.3%$876.0M
Q3 FY2025$7.01B1.5%$609.0M
Q2 FY2025$6.91B-3.2%$701.0M
Q1 FY2025$6.43B0.1%$402.0M
Q4 FY2024$7.36B7.7%$1.18B
Q3 FY2024$6.91B4.0%$766.0M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorEnergy
SIC industryOil & Gas Field Machinery & Equipment
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK1701605

Recent SEC filings

10-K2026-02-05
View on EDGAR →
10-K2025-02-04
View on EDGAR →
10-Q2026-07-27
View on EDGAR →
10-Q2026-04-24
View on EDGAR →
10-Q2025-10-24
View on EDGAR →
10-Q2025-07-23
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-07-16
View on EDGAR →

Largest Energy peers

All Energy companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.