Baker Hughes Co.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $27.73B | $27.83B | $25.51B | $21.16B | $20.50B | $20.71B | $23.84B |
| North America | — | — | — | — | — | — | — | — |
| Latin America | — | — | — | — | — | — | — | — |
| Europe/Africa/Russia Caspian | — | — | — | — | — | — | — | — |
| Middle East/Asia Pacific | — | — | — | — | — | — | — | — |
| Industrial Services | — | — | — | — | — | — | — | — |
| Oilfield Services | — | — | — | — | — | $9.54B | $10.14B | $12.89B |
| Oilfield Equipment | — | — | — | — | — | $2.49B | $2.84B | $2.92B |
| Turbomachinery & Process Solutions | — | — | — | — | — | $6.42B | $5.71B | $5.54B |
| Digital Solutions | — | — | — | — | — | $2.06B | $2.02B | $2.49B |
| Oilfield Services & Equipment | — | $14.32B | $15.63B | $15.36B | $13.23B | — | — | — |
| Industrial & Energy Technology | — | $13.41B | $12.20B | $10.15B | $7.93B | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | $4.43B |
| Gross Margin | — | — | — | — | — | — | — | 18.6% |
| Operating Expenses | ||||||||
| Research & Development | — | $600.0M | $643.0M | $651.0M | $552.0M | $492.0M | $595.0M | $687.0M |
| SG&A Expense | — | $2.39B | $2.46B | $2.61B | $2.51B | $2.47B | $2.40B | $2.83B |
| Operating Income | — | $2.88B | $3.08B | $2.32B | $1.19B | $1.31B | $-15.98B | $1.07B |
| Operating Margin | — | 10.4% | 11.1% | 9.1% | 5.6% | 6.4% | -77.2% | 4.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $2.88B | $3.27B | $2.66B | $22.0M | $428.0M | $-15.20B | $753.0M |
| Income Tax Expense | — | $253.0M | $257.0M | $685.0M | $600.0M | $758.0M | $559.0M | $482.0M |
| Net Income | — | $2.59B | $2.98B | $1.94B | $-601.0M | $-219.0M | $-9.94B | $128.0M |
| Net Margin | — | 9.3% | 10.7% | 7.6% | -2.8% | -1.1% | -48.0% | 0.5% |
| EPS (Basic) | — | — | $3.00 | $1.93 | $-0.61 | $-0.27 | $-14.73 | $0.23 |
| EPS (Diluted) | — | — | $2.98 | $1.91 | $-0.61 | $-0.27 | $-14.73 | $0.23 |
| Shares Outstanding (Basic) | 988.2M | 990.1M | 1.00B | 1.01B | — | — | — | — |
| Shares Outstanding (Diluted) | 988.2M | 990.1M | 1.00B | 1.01B | — | — | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |