Baker Hughes (BKR): financials, SEC filings and peers

Baker Hughes (BKR) is an oil & gas equipment & services company in the Energy sector of the S&P 500, headquartered in Houston, Texas.

It was founded in 2017 and joined the S&P 500 on July 7, 2017.

Its fiscal year ends in December, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Oil & Gas Field Machinery & Equipment”.

Baker Hughes at a glance

Revenue (12 months): $28.7B
Revenue growth: +3.7%
Operating margin: 11.2%
Net income (12 months): $2.9B
Free cash flow (12 months): $3.2B
Cash: $4.1B
Debt: $18.3B
Diluted EPS (12 months): —

Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Baker Hughes reported revenue of $28.7 billion, about the same as a year earlier (+3.7%).

Its operating margin was 11.2%: for every $100 of sales, about $11 was left as operating profit.

Net income was $2.9 billion (10.1% of revenue), 0.2% higher than a year earlier.

Operating cash flow was $4.5 billion and capital spending $1.3 billion, leaving free cash flow of $3.2 billion (11.2% of revenue).

At the end of the period it held $4.1 billion in cash and $18.3 billion in debt, a net debt position of $14.2 billion.

Five-year trend

Revenue went from $20.7 billion in fiscal 2020 to $27.7 billion in fiscal 2025, about 6.0% a year.
Operating margin widened from -77.2% to 11.1% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.
Baker Hughes reported a net loss in 3 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$20.5B	$21.2B	$25.5B	$27.8B	$27.7B
Revenue growth	-1.0%	3.2%	20.6%	9.1%	-0.3%
Operating margin	6.4%	5.6%	9.1%	11.1%	—
Net income	−$219M	−$601M	$1.9B	$3.0B	$2.6B
Free cash flow	$1.5B	$899M	$1.8B	$2.1B	$2.5B
Diluted EPS	$-0.27	$-0.61	$1.91	$2.98	—

Fiscal years as reported in Baker Hughes’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed October 28, 2026 — quarterly report
8-K filed October 27, 2026 — Earnings results; Regulation FD disclosure
8-K/A filed October 1, 2026
8-K filed September 9, 2026 — Regulation FD disclosure
10-Q filed July 27, 2026 — quarterly report
8-K filed July 27, 2026 — Earnings results; Regulation FD disclosure
8-K filed July 16, 2026 — Material agreement; Agreement terminated
8-K filed June 22, 2026 — Other event

All Baker Hughes filings on SEC EDGAR

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Questions about Baker Hughes

Is Baker Hughes's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $28.7 billion, up 3.7% from a year earlier, according to its SEC filings.

Is Baker Hughes profitable?

Yes. It earned $2.9 billion in net income over the twelve months to September 30, 2026, a net margin of 10.1%.

Does Baker Hughes have more cash or more debt?

At September 30, 2026 it had $4.1 billion in cash and $18.3 billion in debt, so more debt than cash.

When did Baker Hughes last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 28, 2026.

Which companies are similar to Baker Hughes?

In the S&P 500, Baker Hughes is grouped in Oil & Gas Equipment & Services within the Energy sector. Halliburton (HAL), Schlumberger (SLB) are in the same group.

Understand the numbers

Source: Baker Hughes’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.