financial statements

The full income statement, balance sheet, and cash-flow statement for Baker Hughes Company (BKR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	27.7B YoY-0.3%	27.8B YoY+9.1%	25.5B YoY+20.6%	21.2B YoY+3.2%	20.5B YoY-1.0%
Research & development	600M YoY-6.7%	643M YoY-1.2%	651M YoY+17.9%	552M YoY+12.2%	492M YoY-17.3%
Selling, general & administrative	2.39B YoY-2.9%	2.46B YoY-5.9%	2.61B YoY+4.0%	2.51B YoY+1.6%	2.47B YoY+2.7%
Restructuring	215M YoY-17.3%	260M YoY-16.9%	313M YoY+59.7%	196M YoY+42.0%	138M YoY-84.7%
Amortization of intangibles	250M YoY-6.0%	266M YoY+3.5%	257M YoY+15.8%	222M YoY-12.3%	253M YoY-17.9%
Provision for credit losses	80.0M YoY+3.9%	77.0M YoY-2.5%	79.0M YoY+14.5%	69.0M YoY-37.8%	111M YoY+68.2%
Operating income	—	3.08B YoY+33.0%	2.32B YoY+95.5%	1.19B YoY-9.5%	1.31B YoY+108.2%
Net interest income	-222M YoY-12.1%	-198M YoY+8.3%	-216M YoY+14.3%	-252M YoY+15.7%	-299M YoY-13.3%
Other non-operating income	-243M YoY-171.3%	341M YoY-37.3%	544M YoY+159.7%	-911M YoY-56.3%	-583M YoY-156.1%
Pre-tax income	2.88B YoY-11.9%	3.27B YoY+23.0%	2.65B YoY+11968.2%	22.0M YoY-94.9%	428M YoY+102.8%
Income tax	253M YoY-1.6%	257M YoY-62.5%	685M YoY+14.2%	600M YoY-20.8%	758M YoY+35.6%
	2.59B YoY-13.1%	2.98B YoY+53.3%	1.94B YoY+423.3%	-601M YoY-174.4%	-219M YoY+97.8%
Net income to non-controlling interest	36.0M YoY+24.1%	29.0M YoY+7.4%	27.0M YoY+17.4%	23.0M YoY+120.7%	-111M YoY+98.1%
	—	$2.98 YoY+56.0%	$1.91 YoY+413.1%	-$0.61 YoY-125.9%	-$0.27 YoY+98.2%
EPS (basic)	—	$3.00 YoY+55.4%	$1.93 YoY+416.4%	-$0.61 YoY-125.9%	-$0.27 YoY+98.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	18.8B YoY+9.4%	17.2B YoY+5.6%	16.3B YoY+11.7%	14.6B YoY-3.1%	15.1B YoY-8.4%
Cash & equivalents	3.71B YoY+10.4%	3.36B YoY+27.1%	2.65B YoY+6.4%	2.49B YoY-35.4%	3.85B YoY-6.8%
Accounts receivable	6.64B YoY-6.8%	7.12B YoY+0.7%	7.08B YoY+18.7%	5.96B YoY+5.4%	5.65B YoY+0.5%
Inventory	4.95B YoY+0.0%	4.95B YoY-2.7%	5.09B YoY+11.1%	4.59B YoY+15.3%	3.98B YoY-10.0%
Other current assets	3.52B YoY+98.6%	1.77B YoY+19.2%	1.49B YoY-4.7%	1.56B YoY-1.5%	1.58B YoY-30.6%
	40.9B YoY+6.6%	38.4B YoY+3.8%	36.9B YoY+8.1%	34.2B YoY-3.2%	35.3B YoY-7.1%
Property, plant & equipment	5.33B YoY+3.9%	5.13B YoY+4.8%	4.89B YoY+7.8%	4.54B YoY-7.0%	4.88B YoY-9.0%
Operating lease right-of-use	622M YoY-8.3%	678M YoY-11.8%	769M YoY+1.6%	757M YoY-7.9%	822M YoY+2.5%
Goodwill	6.07B YoY-0.2%	6.08B YoY-1.0%	6.14B YoY+3.5%	5.93B YoY-0.5%	5.96B YoY-0.3%
Intangible assets	4.10B YoY+3.7%	3.95B YoY-3.5%	4.09B YoY-2.1%	4.18B YoY+1.2%	4.13B YoY-6.0%
Deferred tax assets	1.96B YoY+52.4%	1.28B YoY+77.8%	722M YoY+9.9%	657M YoY-10.6%	735M YoY-22.9%
Other non-current assets	2.98B YoY+0.1%	2.98B YoY-2.0%	3.04B YoY+9.4%	2.78B YoY-5.5%	2.94B YoY+2.7%
	13.9B YoY+6.8%	13.0B YoY+0.0%	13.0B YoY+17.3%	11.1B YoY+21.3%	9.13B YoY-10.7%
Accounts payable	4.58B YoY+0.8%	4.54B YoY+1.6%	4.47B YoY+4.0%	4.30B YoY+14.8%	3.75B YoY+6.0%
Deferred revenue	5.90B YoY+4.1%	5.67B YoY+2.3%	5.54B YoY+45.0%	3.82B YoY+18.3%	3.23B YoY-6.4%
Short-term & current debt	689M YoY+1200.0%	53.0M YoY-64.2%	148M YoY-78.1%	677M YoY+1592.5%	40.0M YoY-95.5%
Current lease liability	173M YoY-12.6%	198M YoY-10.0%	220M YoY+16.4%	189M YoY-3.6%	196M YoY-10.1%
Other current liabilities	2.71B YoY-0.7%	2.72B YoY-3.7%	2.83B YoY+24.2%	2.28B YoY+7.9%	2.11B YoY-10.2%
	0.00	0.00	0.00	0.00	0.00
Long-term debt	27.0M YoY+0.0%	27.0M YoY+0.0%	27.0M YoY+0.0%	27.0M YoY+0.0%	27.0M YoY+0.0%
Non-current lease liability	442M YoY-6.9%	475M YoY-13.5%	549M YoY-0.5%	552M YoY-11.5%	624M YoY+5.6%
Deferred tax liabilities	84.0M YoY+1.2%	83.0M YoY-52.8%	176M YoY-23.1%	229M YoY+80.3%	127M YoY-31.7%
Other non-current liabilities	1.45B YoY+13.3%	1.28B YoY-9.4%	1.41B YoY-0.2%	1.41B YoY-6.5%	1.51B YoY+8.6%
	18.8B YoY+11.5%	16.9B YoY+9.9%	15.4B YoY+6.8%	14.4B YoY-2.9%	14.8B YoY+15.0%
Common stock	1 YoY+0.0%	1 YoY+0.0%	1 YoY+0.0%	1 YoY+0.0%	1 YoY+0.0%
Additional paid-in capital	24.7B YoY-4.5%	25.9B YoY-4.0%	27.0B YoY-4.1%	28.1B YoY+2.7%	27.4B YoY+11.2%
Retained earnings	-3.25B YoY+44.3%	-5.84B YoY+33.8%	-8.82B YoY+18.0%	-10.8B YoY-5.9%	-10.2B YoY-2.2%
Accumulated other comprehensive income	-2.65B YoY+16.1%	-3.16B YoY-13.1%	-2.80B YoY+5.9%	-2.97B YoY-24.6%	-2.38B YoY-34.1%
Non-controlling interest	176M YoY+10.0%	160M YoY+6.0%	151M YoY+15.3%	131M YoY-93.2%	1.92B YoY-64.2%
Total equity incl. non-controlling	19.0B YoY+11.5%	17.1B YoY+9.9%	15.5B YoY+6.8%	14.5B YoY-13.3%	16.7B YoY-8.2%
Total liabilities & equity	40.9B YoY+6.6%	38.4B YoY+3.8%	36.9B YoY+8.1%	34.2B YoY-3.2%	35.3B YoY-7.1%
Common shares outstanding	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%
Shares outstanding (cover)	987M YoY-0.3%	990M YoY-1.7%	1.01B	—	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.81B YoY+14.3%	3.33B YoY+8.8%	3.06B YoY+62.2%	1.89B YoY-20.5%	2.37B YoY+82.1%
Depreciation & amortization	1.19B YoY+4.6%	1.14B YoY+4.5%	1.09B YoY+2.5%	1.06B YoY-4.0%	1.10B YoY-16.1%
Share-based compensation	203M YoY+0.5%	202M YoY+2.5%	197M YoY-4.8%	207M YoY+1.0%	205M YoY-2.4%
Deferred income taxes	-702M YoY-4.6%	-671M YoY-1037.3%	-59.0M YoY-156.2%	105M YoY-21.1%	133M YoY-16.9%
Change in receivables	-358M YoY-325.2%	159M YoY-83.9%	986M YoY+57.8%	625M YoY+396.0%	126M YoY+118.5%
Change in inventory	-79.0M YoY-177.5%	102M YoY-77.9%	461M YoY-47.9%	885M YoY+620.6%	-170M YoY-312.5%
	-2.04B YoY-101.2%	-1.02B YoY-24.4%	-817M YoY+47.8%	-1.56B YoY-237.8%	-463M YoY+25.1%
Capital expenditure	1.27B YoY-0.4%	1.28B YoY+4.4%	1.22B YoY+23.8%	989M YoY+15.5%	856M YoY-12.1%
Acquisitions	830M	0.00 YoY-100.0%	301M YoY-60.8%	767M YoY+781.6%	87.0M
Other investing activities	137M YoY+315.2%	33.0M YoY-80.0%	165M YoY+223.5%	51.0M YoY-1.9%	52.0M YoY+233.3%
	-1.48B YoY+2.9%	-1.53B YoY+24.7%	-2.03B YoY-27.4%	-1.59B YoY+25.7%	-2.14B YoY-1052.4%
Long-term debt issued	—	—	0.00	0.00 YoY-100.0%	1.25B YoY+150.0%
Long-term debt repaid	0.00 YoY-100.0%	143M YoY-78.0%	651M	0.00 YoY-100.0%	1.31B YoY+3026.2%
Common stock repurchased	384M YoY-20.7%	484M YoY-10.0%	538M YoY-35.0%	828M YoY+90.8%	434M
Dividends paid	910M YoY+8.9%	836M YoY+6.4%	786M YoY+8.3%	726M YoY+22.6%	592M YoY+21.3%
Other financing activities	-188M YoY-193.8%	-64.0M YoY-20.8%	-53.0M YoY-39.5%	-38.0M YoY+41.5%	-65.0M YoY-195.5%
FX effect on cash	67.0M YoY+194.4%	-71.0M YoY-20.3%	-59.0M YoY+39.2%	-97.0M YoY-106.4%	-47.0M YoY-67.9%
Net change in cash	351M YoY-51.1%	718M YoY+354.4%	158M YoY+111.6%	-1.36B YoY-389.2%	-279M YoY-131.6%
Interest paid	294M YoY-1.3%	298M YoY-3.6%	309M YoY+6.2%	291M YoY-4.6%	305M YoY+5.5%
Income taxes paid	1.16B YoY+11.2%	1.04B YoY+74.8%	595M YoY+19.5%	498M YoY+58.6%	314M YoY-28.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	44.9B YoY+10.7%	40.6B YoY+18.0%	34.4B	—	—
P/E	17.4× YoY+27.4%	13.6× YoY-33.4%	20.5×	—	—
P/S	1.6× YoY+11.1%	1.5× YoY+3.9%	1.4×	—	—
P/B	2.4× YoY-0.7%	2.4× YoY+6.2%	2.3×	—	—
P/FCF	17.7× YoY-10.4%	19.8× YoY+8.3%	18.2×	—	—
Earnings yield	5.8% YoY-21.5%	7.3% YoY+50.1%	4.9%	—	—
FCF yield	5.6% YoY+11.6%	5.1% YoY-7.7%	5.5%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BKR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BKR filings on SEC EDGAR → Not investment advice.

BKR▼ financial statements

About this data

financial statements