Fundies.
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Baker Hughes Company

EDGAR
BHGE Quarterly report (10-Q) · filed 2026-10-28

Annual consolidated revenue for 2025: about USD 27.73B, using the latest reported figures. The previous period, 2024, was about USD 27.83B.

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Watchlist

Latest quarter

Revenue

8.03 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 8025000000 USD Source

Operating cash flow

1.01 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 2850000000 USD Source
  • Operating Cash Flow: 1845000000 USD Source
Cash and cash equivalents
5.63 billion USD Source
Exact value

5631000000 USD

Long-term debt including current maturities
27 million USD Source
Exact value

27000000 USD

Shares outstanding
100 shares Source
Exact value

100 shares

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

28.7 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 27733000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 20347000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 6587000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 6742000000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 8025000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

2.9 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 2588000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 1712000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 930000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 681000000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 411000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

4.51 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 3810000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 2148000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 500000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1845000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 500000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 2850000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 1845000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-28.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 10 of 11 periods available· newest 2024-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 1 of 11 periods available· newest 2016-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2017-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2016-12-31
  • Shares outstanding: 1 of 11 periods available· newest 2016-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -0.3%

    Prior period

    USD 27.83 billion

    –

    Current period

    USD 27.73 billion

    –

    Exact inputs and evidence

    27733000000 − 27829000000 = -96000000 USD

    27829000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    27733000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -13.1%

    Prior period

    USD 2.98 billion

    –

    Current period

    USD 2.59 billion

    –

    Exact inputs and evidence

    2588000000 − 2979000000 = -391000000 USD

    2979000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2588000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +14.3%

    Prior period

    USD 3.33 billion

    –

    Current period

    USD 3.81 billion

    –

    Exact inputs and evidence

    3810000000 − 3332000000 = 478000000 USD

    3332000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3810000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 27.73 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 2.59 billion 9.3% of revenue

Cash

  • Operating cash flow USD 3.81 billion 14% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 97%
  • 2017 Operating loss: operating costs were 102% of revenue.
  • 2018 97%
  • 2019 95%
  • 2020 Operating loss: operating costs were 177% of revenue.
  • 2021 Net loss: net income was −1.1% of revenue.
  • 2022 Net loss: net income was −2.8% of revenue.
  • 2023 91%
  • 2024 11%89%
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3113082000000 12625000000 Derived 457000000 457000000 Derived 0 Unavailable
Source
2017 2017-01-01 – 2017-12-3117179000000 17463000000 Derived -284000000 -181000000 Derived -103000000 Unavailable
Source
2018 2018-01-01 – 2018-12-3122877000000 22176000000 Derived 701000000 506000000 Derived 195000000 Unavailable
Source
2019 2019-01-01 – 2019-12-3123838000000 22764000000 Derived 1074000000 946000000 Derived 128000000 Unavailable
Source
2020 2020-01-01 – 2020-12-3120705000000 36683000000 Derived -15978000000 -6038000000 Derived -9940000000 Unavailable
Source
2021 2021-01-01 – 2021-12-3120502000000 19192000000 Derived 1310000000 1529000000 Derived -219000000 Unavailable
Source
2022 2022-01-01 – 2022-12-3121156000000 19971000000 Derived 1185000000 1786000000 Derived -601000000 Unavailable
Source
2023 2023-01-01 – 2023-12-3125506000000 23189000000 Derived 2317000000 374000000 Derived 1943000000 Unavailable
Source
2024 2024-01-01 – 2024-12-3127829000000 24748000000 Derived 3081000000 102000000 Derived 2979000000 Unavailable
Source
2025 2025-01-01 – 2025-12-3127733000000 UnavailableUnavailableUnavailable2588000000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 27.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.30.1B22.5B15.0B7.5B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue13082000000
2017Revenue17179000000
2018Revenue22877000000
2019Revenue23838000000
2020Revenue20705000000
2021Revenue20502000000
2022Revenue21156000000
2023Revenue25506000000
2024Revenue27829000000
2025Revenue27733000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-0.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.38%22%6%-10%-26%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-21.6%
2017Year over year31.3%
2018Year over year33.2%
2019Year over year4.2%
2020Year over year-13.1%
2021Year over year-1%
2022Year over year3.2%
2023Year over year20.6%
2024Year over year9.1%
2025Year over year-0.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 11.1% 2024
Net margin 9.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.18%-7%-33%-59%-84%201620212025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin3.5%
2017Operating margin-1.7%
2018Operating margin3.1%
2019Operating margin4.5%
2020Operating margin-77.2%
2021Operating margin6.4%
2022Operating margin5.6%
2023Operating margin9.1%
2024Operating margin11.1%
2025-12-31Operating marginNot reported
2016Net margin0%
2017Net margin-0.6%
2018Net margin0.9%
2019Net margin0.5%
2020Net margin-48%
2021Net margin-1.1%
2022Net margin-2.8%
2023Net margin7.6%
2024Net margin10.7%
2025Net margin9.3%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 3.8B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.2B2.8B1.5B168.9M-1.2B201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow262000000
2017Operating cash flow-799000000
2018Operating cash flow1762000000
2019Operating cash flow2126000000
2020Operating cash flow1304000000
2021Operating cash flow2374000000
2022Operating cash flow1888000000
2023Operating cash flow3062000000
2024Operating cash flow3332000000
2025Operating cash flow3810000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

0% 2016
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.08%0.81%0.54%0.27%0.00%20162021-12-312025-12-31
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets0%
2017-12-31Liabilities / assetsNot reported
2018-12-31Liabilities / assetsNot reported
2019-12-31Liabilities / assetsNot reported
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

1.36× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.16×1.62×1.08×0.54×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.5×
2017Current assets / current liabilities2×
2018Current assets / current liabilities1.66×
2019Current assets / current liabilities1.52×
2020Current assets / current liabilities1.61×
2021Current assets / current liabilities1.65×
2022Current assets / current liabilities1.32×
2023Current assets / current liabilities1.25×
2024Current assets / current liabilities1.32×
2025Current assets / current liabilities1.36×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 0
Exact value

Exact value: 0 USD

2016-01-01 – 2016-12-31: 0 USD Inspect Net Income Open source
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USD 262 million
Exact value

Exact value: 262000000 USD

2016-01-01 – 2016-12-31: 262000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 103 million
Exact value

Exact value: -103000000 USD

2017-01-01 – 2017-12-31: -103000000 USD Inspect Net Income Open source
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−USD 799 million
Exact value

Exact value: -799000000 USD

2017-01-01 – 2017-12-31: -799000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 195 million
Exact value

Exact value: 195000000 USD

2018-01-01 – 2018-12-31: 195000000 USD Inspect Net Income Open source
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USD 1.76 billion
Exact value

Exact value: 1762000000 USD

2018-01-01 – 2018-12-31: 1762000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 128 million
Exact value

Exact value: 128000000 USD

2019-01-01 – 2019-12-31: 128000000 USD Inspect Net Income Open source
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USD 2.13 billion
Exact value

Exact value: 2126000000 USD

2019-01-01 – 2019-12-31: 2126000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
−USD 9.94 billion
Exact value

Exact value: -9940000000 USD

2020-01-01 – 2020-12-31: -9940000000 USD Inspect Net Income Open source
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USD 1.3 billion
Exact value

Exact value: 1304000000 USD

2020-01-01 – 2020-12-31: 1304000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
−USD 219 million
Exact value

Exact value: -219000000 USD

2021-01-01 – 2021-12-31: -219000000 USD Inspect Net Income Open source
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USD 2.37 billion
Exact value

Exact value: 2374000000 USD

2021-01-01 – 2021-12-31: 2374000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 601 million
Exact value

Exact value: -601000000 USD

2022-01-01 – 2022-12-31: -601000000 USD Inspect Net Income Open source
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USD 1.89 billion
Exact value

Exact value: 1888000000 USD

2022-01-01 – 2022-12-31: 1888000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 1.94 billion
Exact value

Exact value: 1943000000 USD

2023-01-01 – 2023-12-31: 1943000000 USD Inspect Net Income Open source
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USD 3.06 billion
Exact value

Exact value: 3062000000 USD

2023-01-01 – 2023-12-31: 3062000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 2.98 billion
Exact value

Exact value: 2979000000 USD

2024-01-01 – 2024-12-31: 2979000000 USD Inspect Net Income Open source
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USD 3.33 billion
Exact value

Exact value: 3332000000 USD

2024-01-01 – 2024-12-31: 3332000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 2.59 billion
Exact value

Exact value: 2588000000 USD

2025-01-01 – 2025-12-31: 2588000000 USD Inspect Net Income Open source
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USD 3.81 billion
Exact value

Exact value: 3810000000 USD

2025-01-01 – 2025-12-31: 3810000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

170 filings · 6,827 latest values · 6,803 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001701605, 1701605, BHGE, BKR, edgar:1701605

Also known as BAKER HUGHES COMPANY, Baker Hughes Co, Baker Hughes Company, Baker Hughes a GE Co, Bear Newco, Inc.