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About

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain. Its Oilfield Services & Equipment segment designs and manufactures exploration, appraisal, development, production, rejuvenation, and decommissioning products and related services for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions. It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies. The company's Industrial & Energy Technology segment offers gas technology equipment, such as drivers, driven equipment, and turnkey solutions for the mechanical and electric-drive, compression, and power-generation applications; aftermarket support and uptime gas technology services; non-destructive testing technologies, software, and services; pre-commissioning and maintenance services; flow control and safety solutions; mechanical and electromechanical gear transmission systems; Cordant, a software solution to optimize assets, processes, and energy use; Bently Nevada, a sensing and protection hardware for rack-based vibrating monitoring equipment and sensors; and climate technology solutions. It serves industrial, upstream, midstream, downstream, onshore, offshore, and small-to-large scale customers. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. The company was incorporated in 2016 and is based in Houston, Texas.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Equipment & Se Market Cap 63.97B
Enterprise Value 67.12B Income 2.59B Sales 27.73B
Book/sh 19.09 Cash/sh 3.76 Dividend Yield 142.00%
Payout 35.38% Employees 56000 IPO —
P/E 24.90 Forward P/E 22.25 PEG —
P/S 2.31 P/B 3.39 P/C —
EV/EBITDA 14.30 EV/Sales 2.42 Quick Ratio 0.75
Current Ratio 1.36 Debt/Eq 35.26 LT Debt/Eq —
EPS (ttm) 2.60 EPS next Y 2.91 EPS Growth -25.60%
Revenue Growth 0.30% Earnings 2026-04-21 ROA 5.54%
ROE 14.55% ROIC — Gross Margin 23.68%
Oper. Margin 12.51% Profit Margin 9.33% Shs Outstand 988.24M
Shs Float 986.09M Short Float 3.49% Short Ratio 2.76
Short Interest — 52W High 65.45 52W Low 33.60
Beta 0.86 Avg Volume 8.56M Volume 630.10K
Target Price $61.14 Recom Buy Prev Close $64.72
Price $64.73 Change 0.02%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$61.14
Mean price target
2. Current target
$64.73
Latest analyst target
3. DCF / Fair value
$20.53
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$64.73
Low
$44.00
High
$68.00
Mean
$61.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-11 main Evercore ISI Group Outperform → Outperform $68
2026-02-02 main Stifel Buy → Buy $63
2026-02-02 main Jefferies Buy → Buy $67
2026-01-28 main Citigroup Buy → Buy $64
2026-01-28 main UBS Neutral → Neutral $61
2026-01-27 main Barclays Overweight → Overweight $57
2026-01-27 main Susquehanna Positive → Positive $65
2026-01-27 main JP Morgan Overweight → Overweight $60
2026-01-27 main BMO Capital Outperform → Outperform $65
2026-01-27 main Stifel Buy → Buy $58
2026-01-21 main Stifel Buy → Buy $57
2026-01-07 main TD Cowen Buy → Buy $55
2026-01-07 main Susquehanna Positive → Positive $58
2025-12-12 main UBS Neutral → Neutral $54
2025-12-11 main Citigroup Buy → Buy $61
2025-11-20 main Jefferies Buy → Buy $59
2025-10-28 main Citigroup Buy → Buy $55
2025-10-27 main TD Cowen Buy → Buy $57
2025-10-27 main Barclays Overweight → Overweight $55
2025-10-27 main Stifel Buy → Buy $52
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 18102 1107661.0 — Sale at price 61.19 per share. MOGHAL AHMED FARHAN Chief Financial Officer — 2026-02-12 00:00:00 I
1 25824 1542726.0 — Sale at price 59.74 per share. APOSTOLIDES JAMES E Officer — 2026-02-10 00:00:00 D
2 10989 252527.0 — Conversion of Exercise of derivative security at price 22.98 per share. APOSTOLIDES JAMES E Officer — 2026-02-10 00:00:00 D
3 19150 1131956.0 — Sale at price 59.11 per share. MAGNO MARIA GEORGIA Officer — 2026-02-09 00:00:00 D
4 54434 3217594.0 — Sale at price 59.11 per share. BORRAS MARIA CLAUDIA Officer — 2026-02-09 00:00:00 D
5 2828 158198.0 — Sale at price 55.77 - 56.34 per share. CHARLTON REBECCA L Officer — 2026-02-03 00:00:00 D
6 18023 1032538.0 — Sale at price 57.29 per share. BEATTIE WILLIAM GEOFFREY Director — 2026-02-03 00:00:00 I
7 12591 nan — — MAGNO MARIA GEORGIA Officer — 2026-02-02 00:00:00 D
8 7531 nan — — MOGHAL AHMED FARHAN Chief Financial Officer — 2026-02-02 00:00:00 D
9 94001 nan — — SIMONELLI LORENZO Chief Executive Officer — 2026-02-02 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-37.40M7.98M57.53M-148.05M
TaxRateForCalcs0.090.080.260.21
NormalizedEBITDA4.71B4.50B3.73B2.04B
TotalUnusualItems-425.00M101.00M223.00M-705.00M
TotalUnusualItemsExcludingGoodwill-425.00M101.00M223.00M-705.00M
NetIncomeFromContinuingOperationNetMinorityInterest2.59B2.98B1.94B-601.00M
ReconciledDepreciation1.19B1.14B1.09B1.06B
ReconciledCostOfRevenue21.19B21.35B19.60B16.76B
EBITDA4.29B4.60B3.96B1.33B
EBIT3.10B3.46B2.87B274.00M
NetInterestIncome-222.00M-198.00M-216.00M-252.00M
InterestExpense222.00M198.00M216.00M252.00M
NormalizedIncome2.98B2.89B1.78B-44.05M
NetIncomeFromContinuingAndDiscontinuedOperation2.59B2.98B1.94B-601.00M
TotalExpenses24.18B24.45B22.87B19.27B
TotalOperatingIncomeAsReported3.08B2.32B1.19B1.31B
DilutedAverageShares1.00B1.01B987.00M824.00M
BasicAverageShares994.00M1.01B987.00M824.00M
DilutedEPS2.981.91-0.61-0.27
BasicEPS3.001.93-0.61-0.27
DilutedNIAvailtoComStockholders2.59B2.98B1.94B-601.00M
NetIncomeCommonStockholders2.59B2.98B1.94B-601.00M
NetIncome2.59B2.98B1.94B-601.00M
MinorityInterests-36.00M-29.00M-27.00M-23.00M
NetIncomeIncludingNoncontrollingInterests2.62B3.01B1.97B-578.00M
NetIncomeContinuousOperations2.62B3.01B1.97B-578.00M
TaxProvision253.00M257.00M685.00M600.00M
PretaxIncome2.88B3.27B2.65B22.00M
OtherIncomeExpense-458.00M75.00M231.00M-1.62B
OtherNonOperatingIncomeExpenses-33.00M-26.00M8.00M-911.00M
SpecialIncomeCharges-322.00M-266.00M-332.00M-705.00M
OtherSpecialCharges40.00M36.00M45.00M
ImpairmentOfCapitalAssets53.00M77.00M-2.00M0.00
RestructuringAndMergernAcquisition229.00M153.00M289.00M705.00M
GainOnSaleOfSecurity-103.00M367.00M555.00M
NetNonOperatingInterestIncomeExpense-222.00M-198.00M-216.00M-252.00M
InterestExpenseNonOperating222.00M198.00M216.00M252.00M
OperatingIncome3.56B3.38B2.64B1.89B
OperatingExpense2.99B3.10B3.26B2.51B
ResearchAndDevelopment600.00M643.00M651.00M
SellingGeneralAndAdministration2.39B2.46B2.61B2.51B
GrossProfit6.54B6.48B5.90B4.40B
CostOfRevenue21.19B21.35B19.60B16.76B
TotalRevenue27.73B27.83B25.51B21.16B
OperatingRevenue27.73B27.83B25.51B21.16B
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber986.77M989.53M998.00M1.01B
ShareIssued986.77M989.53M998.00M1.01B
NetDebt2.37B2.66B3.38B4.17B
TotalDebt6.09B6.02B6.02B6.66B
TangibleBookValue8.67B6.87B5.14B4.29B
InvestedCapital24.92B22.92B21.39B21.05B
WorkingCapital4.95B4.22B3.31B3.52B
NetTangibleAssets8.67B6.87B5.14B4.29B
CommonStockEquity18.83B16.89B15.37B14.39B
TotalCapitalization24.23B22.86B21.24B20.37B
TotalEquityGrossMinorityInterest19.01B17.05B15.52B14.53B
MinorityInterest176.00M160.00M151.00M131.00M
StockholdersEquity18.83B16.89B15.37B14.39B
GainsLossesNotAffectingRetainedEarnings-2.65B-3.16B-2.80B-2.97B
OtherEquityAdjustments-2.65B-3.16B-2.80B-2.97B
RetainedEarnings-3.25B-5.84B-8.82B-10.76B
AdditionalPaidInCapital24.74B25.90B26.98B28.13B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest21.87B21.31B21.43B19.66B
TotalNonCurrentLiabilitiesNetMinorityInterest7.99B8.32B8.44B8.58B
OtherNonCurrentLiabilities1.45B1.28B1.41B1.41B
EmployeeBenefits1.07B988.00M978.00M960.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans1.07B988.00M978.00M960.00M
NonCurrentDeferredLiabilities84.00M83.00M176.00M229.00M
NonCurrentDeferredTaxesLiabilities84.00M83.00M176.00M229.00M
LongTermDebtAndCapitalLeaseObligation5.40B5.97B5.87B5.98B
LongTermDebt5.40B5.97B5.87B5.98B
CurrentLiabilities13.88B12.99B12.99B11.08B
OtherCurrentLiabilities2.71B2.72B2.83B2.28B
CurrentDeferredLiabilities5.90B5.67B5.54B3.82B
CurrentDeferredRevenue5.90B5.67B5.54B3.82B
CurrentDebtAndCapitalLeaseObligation689.00M53.00M148.00M678.00M
CurrentDebt689.00M53.00M148.00M678.00M
OtherCurrentBorrowings90.00M53.00M39.00M29.00M
CommercialPaper0.00
CurrentNotesPayable599.00M0.00109.00M649.00M
PayablesAndAccruedExpenses4.58B4.54B4.47B4.30B
Payables4.58B4.54B4.47B4.30B
AccountsPayable4.58B4.54B4.47B4.30B
TotalAssets40.88B38.36B36.95B34.18B
TotalNonCurrentAssets22.05B21.15B20.64B19.59B
OtherNonCurrentAssets2.98B2.98B3.04B2.78B
NonCurrentDeferredAssets1.96B1.28B722.00M657.00M
NonCurrentDeferredTaxesAssets1.96B1.28B722.00M657.00M
NonCurrentAccountsReceivable1.62B1.73B1.76B1.50B
GoodwillAndOtherIntangibleAssets10.16B10.03B10.23B10.11B
OtherIntangibleAssets4.10B3.95B4.09B4.18B
Goodwill6.07B6.08B6.14B5.93B
NetPPE5.33B5.13B4.89B4.54B
AccumulatedDepreciation-6.69B-6.06B-5.68B-5.12B
GrossPPE12.01B11.18B10.57B9.66B
MachineryFurnitureEquipment9.18B8.54B7.97B7.19B
BuildingsAndImprovements2.53B2.35B2.26B2.12B
LandAndImprovements297.00M297.00M332.00M347.00M
Properties0.000.000.000.00
CurrentAssets18.83B17.21B16.30B14.59B
OtherCurrentAssets3.52B1.77B1.49B1.56B
Inventory4.95B4.95B5.09B4.59B
FinishedGoods2.38B2.49B2.63B2.42B
WorkInProcess2.57B2.46B2.47B2.17B
Receivables6.64B7.12B7.08B5.96B
ReceivablesAdjustmentsAllowances-277.00M-232.00M-350.00M-341.00M
OtherReceivables1.36B1.41B1.39B1.22B
DuefromRelatedPartiesCurrent0.00481.00M
AccountsReceivable5.56B5.95B6.03B5.08B
CashCashEquivalentsAndShortTermInvestments3.71B3.36B2.65B2.49B
CashAndCashEquivalents3.71B3.36B2.65B2.49B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow2.54B2.05B1.84B899.00M
RepurchaseOfCapitalStock-384.00M-484.00M-538.00M-828.00M
RepaymentOfDebt0.00-143.00M-651.00M0.00
IssuanceOfDebt0.000.001.25B
CapitalExpenditure-1.27B-1.28B-1.22B-989.00M
InterestPaidSupplementalData294.00M298.00M309.00M291.00M
IncomeTaxPaidSupplementalData1.16B1.04B595.00M498.00M
EndCashPosition3.71B3.36B2.65B2.49B
BeginningCashPosition3.36B2.65B2.49B3.85B
EffectOfExchangeRateChanges67.00M-71.00M-59.00M-97.00M
ChangesInCash284.00M789.00M217.00M-1.27B
FinancingCashFlow-1.48B-1.53B-2.03B-1.59B
CashFlowFromContinuingFinancingActivities-1.48B-1.53B-2.03B-1.59B
NetOtherFinancingCharges-188.00M-64.00M-53.00M-38.00M
CashDividendsPaid-910.00M-836.00M-786.00M-726.00M
CommonStockDividendPaid-910.00M-836.00M-786.00M-726.00M
NetCommonStockIssuance-384.00M-484.00M-538.00M-828.00M
CommonStockPayments-384.00M-484.00M-538.00M-828.00M
NetIssuancePaymentsOfDebt0.00-143.00M-651.00M0.00
NetShortTermDebtIssuance0.00-28.00M-832.00M
ShortTermDebtPayments0.00-28.00M-832.00M
ShortTermDebtIssuance0.00
NetLongTermDebtIssuance0.00-143.00M-651.00M0.00
LongTermDebtPayments0.00-143.00M-651.00M0.00
LongTermDebtIssuance0.000.001.25B
InvestingCashFlow-2.04B-1.02B-817.00M-1.56B
CashFlowFromContinuingInvestingActivities-2.04B-1.02B-817.00M-1.56B
NetOtherInvestingChanges58.00M170.00M43.00M166.00M
NetInvestmentPurchaseAndSale1.00M92.00M372.00M26.00M
SaleOfInvestment1.00M92.00M372.00M26.00M
NetBusinessPurchaseAndSale-830.00M0.00-8.00M-767.00M
SaleOfBusiness0.000.00293.00M0.00
PurchaseOfBusiness-830.00M0.00-301.00M-767.00M
CapitalExpenditureReported-1.27B-1.28B-1.22B-989.00M
OperatingCashFlow3.81B3.33B3.06B1.89B
CashFlowFromContinuingOperatingActivities3.81B3.33B3.06B1.89B
ChangeInWorkingCapital394.00M24.00M462.00M211.00M
ChangeInOtherWorkingCapital-377.00M290.00M2.06B1.19B
ChangeInOtherCurrentLiabilities-72.00M
ChangeInPayablesAndAccruedExpense11.00M91.00M61.00M605.00M
ChangeInPayable11.00M91.00M61.00M605.00M
ChangeInAccountPayable11.00M91.00M61.00M605.00M
ChangeInInventory79.00M-102.00M-461.00M-885.00M
ChangeInReceivables681.00M-255.00M-1.20B-701.00M
ChangesInAccountReceivables358.00M-159.00M-986.00M-625.00M
StockBasedCompensation203.00M202.00M197.00M207.00M
AssetImpairmentCharge77.00M34.00M166.00M7.00M
DeferredTax-702.00M-671.00M-59.00M105.00M
DeferredIncomeTax-702.00M-671.00M-59.00M105.00M
DepreciationAmortizationDepletion1.19B1.14B1.09B1.06B
DepreciationAndAmortization1.19B1.14B1.09B1.06B
AmortizationCashFlow250.00M266.00M257.00M222.00M
AmortizationOfIntangibles250.00M266.00M257.00M222.00M
Depreciation938.00M870.00M830.00M839.00M
OperatingGainsLosses103.00M-367.00M-595.00M716.00M
GainLossOnInvestmentSecurities103.00M-367.00M-555.00M265.00M
GainLossOnSaleOfBusiness0.000.00-40.00M451.00M
NetIncomeFromContinuingOperations2.62B3.01B1.97B-578.00M
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