Latest revenue
$6.59B
as of 2026-03-31
Latest net income
$930.0M
as of 2026-03-31
Net margin
14.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $65.40B
- Enterprise value
- $81.56B
- P/E (trailing)
- 25.3×
- Forward P/E
- —
- P/B
- 3.39×
- Dividend yield
- 1.4%
- 52-wk high
- $70.41
- 52-wk low
- $36.36
- Beta
- —
- Shares out
- 990.0M
5-year trend
What this company does
Baker Hughes supplies technology, equipment, and services to oil, gas, and broader industrial energy customers, spanning drilling tools, production systems, and gas turbine machinery. It earns revenue primarily from selling goods like LNG and energy infrastructure equipment, supplemented by field services, with goods sales of $4.4 billion outpacing $2.2 billion in services last quarter. The company just raised roughly $9.9 billion in long-term debt and booked a $721 million gain on a business divestiture, lifting cash to $14.8 billion and signaling a major portfolio reshaping toward energy-transition and industrial technology.
Generated from BKR's filing dated 2026-02-05
Key risks
- Long-term debt nearly tripled to $15.4B from $5.4B after $9.9B Q1 debt issuance, materially increasing leverage and interest expense (up 69% YoY).
- Earnings quality: Q1 2026 net income of $938M includes a $721M one-time gain on business dispositions, masking weaker underlying operating performance.
- Operating cash flow declined 30% YoY to $500M from $709M, while capex rose to $336M, pressuring free cash flow generation.
Generated from BKR's filing dated 2026-02-05
Profitability
Operating margin
11.1%
21.9%Net margin
9.3%
12.8%Return on equity
13.7%
22.1%Return on assets
6.3%
18.5%Leverage
Debt / equity
1.17×
7.9%Long-term debt / equity
0.29×
18.9%Debt / assets
53.9%
3.6%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $6.59B | +2.5% | $930.0M | +131.3% | 14.1% |
Q4 2025 2025-12-31 | $7.39B | +0.3% | $876.0M | -25.7% | 11.9% |
Q3 2025 2025-09-30 | $7.01B | +1.5% | $609.0M | -20.5% | 8.7% |
Q2 2025 2025-06-30 | $6.91B | -3.2% | $701.0M | +21.1% | 10.1% |
Q1 2025 2025-03-31 | $6.43B | +0.1% | $402.0M | -11.6% | 6.3% |
Q4 2024 2024-12-31 | $7.36B | — | $1.18B | — | 16.0% |
Q3 2024 2024-09-30 | $6.91B | +4.0% | $766.0M | +47.9% | 11.1% |
Q2 2024 2024-06-30 | $7.14B | +13.0% | $579.0M | +41.2% | 8.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Oil & Gas Field Machinery & Equipment · SIC 3533
Your notes
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Insider activity
Insider buying
$0
Insider selling
$74.4M
Net activity
−$74.4M
Distinct insiders
8
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns BKR
Institutional value
$17.31B
Total shares held
298.6M
Distinct holders
742
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 64.2M | $3.92B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 48.8M | $2.98B | — | New |
| 3 | Invesco Ltd. | 14.7M | $896.4M | — | New |
| 4 | DIMENSIONAL FUND ADVISORS LP | 11.4M | $697.0M | — | New |
| 5 | Allspring Global Investments Holdings, LLC | 8.9M | $534.4M | — | New |
| 6 | Nuveen, LLC | 8.1M | $493.1M | — | New |
| 7 | Bank of New York Mellon Corp | 6.7M | $411.4M | — | New |
| 8 | Legal & General Group Plc | 6.6M | $405.7M | — | New |
| 9 | VANGUARD FIDUCIARY TRUST CO | 5.6M | $339.5M | — | New |
| 10 | DEUTSCHE BANK AG\ | 4.5M | $274.8M | — | New |
| 11 | UBS Group AG | 4.3M | $260.5M | — | New |
| 12 | Swiss National Bank | 2.9M | $176.8M | — | New |
| 13 | PFA Pension, Forsikringsaktieselskab | 2.6M | $157.5M | — | New |
| 14 | Sumitomo Mitsui Trust Group, Inc. | 2.6M | $157.4M | — | New |
| 15 | Eurizon Capital SGR S.p.A. | 2.3M | $141.9M | — | New |
| 16 | Mitsubishi UFJ Asset Management Co., Ltd. | 2.3M | $141.9M | — | New |
| 17 | Vanguard Global Advisers, LLC | 2.2M | $131.9M | — | New |
| 18 | HSBC HOLDINGS PLC | 2.1M | $128.0M | — | New |
| 19 | California Public Employees Retirement System | 2.1M | $125.9M | — | New |
| 20 | Russell Investments Group, Ltd. | 2.0M | $124.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Excluding the $721M disposition gain and other items, what was organic Q1 EBIT growth versus reported $1.27B pretax income?
- 2
Why raise $9.9B long-term debt to hold $14.8B cash—what specific M&A or capital return justifies tripling leverage now?
- 3
Services revenue declined to $2.23B from $2.28B YoY; is IET aftermarket softening or are LNG project deliveries slipping?
Refreshed when BKR files a new report · last from 2026-02-05