Optional product analytics
With your permission, we use privacy-limited analytics to understand which research journeys work. We do not run advertising trackers or session replay. You can change this choice in Preferences. Read the Privacy Policy.
Baker Hughes Company's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $66.2B | |
|---|---|---|
| P/E (forward) | 23.9x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | — | $21.16B | $25.51B | $27.83B | $27.73B | +9.4% |
| Gross profit | — | $4.40B | $5.90B | $6.48B | $6.54B | +14.1% |
| Operating income | — | $274.0M | $2.87B | $3.46B | $3.10B | +124.5% |
| Net income | — | $-601.0M | $1.94B | $2.98B | $2.59B | — |
| EPS (diluted) | $-0.27 | $-0.61 | $1.91 | $2.98 | $2.60 | — |
| EBITDA | — | $1.34B | $3.96B | $4.60B | $4.29B | +47.5% |
| R&D | — | — | $651.0M | $643.0M | $600.0M | -4.0% |
| SG&A | — | $2.51B | $2.61B | $2.46B | $2.39B | -1.7% |
Recent company headlines from major financial publishers.
Global acceleration in LNG export capacity and deep-water developments act as twin super-cycles, driving protracted top-line growth and long-term multiple expansion as BKR transitions from a legacy OFS firm to a diversified energy transition play.
At current valuations, the market is pricing in sustained execution and a steady energy transition cycle. Structural application of a 14x terminal P/E and a 35% probability assignment to cyclical contraction bridges the gap between peak-cycle spot estimates and mid-cycle intrinsic realities.
| Ke ↓ / g → | 1.0% | 1.5% | 2.0% | 2.5% | 3.0% |
|---|---|---|---|---|---|
| 5.4% | $65.3 | $73.6 | $84.3 | $93.2 | $93.2 |
| 6.4% | $53.3 | $58.7 | $65.3 | $73.6 | $84.3 |
| 7.4% | $45.0 | $48.8 | $53.3 | $58.7 | $65.3 |
| 8.4% | $39.0 | $41.8 | $45.0 | $48.8 | $53.3 |
| 9.4% | $34.3 | $36.5 | $39.0 | $41.8 | $45.0 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
