Baker Hughes Company
Compare market positioning with top industry peers
Explore Baker Hughes
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$27.7B
Market Cap
$33.4B
Net Income
$2.6B
Employees
57,900
Baker Hughes has executed one of the most difficult strategic pivots in the industrial sector, transforming from a traditional oilfield services contractor into a broad 'energy technology' company. Under CEO Lorenzo Simonelli, the firm generates exactly $25.5 billion in revenue and maintains a $33.4 billion market cap with exactly 57900 employees. The financial narrative in 2026 is driven by its high-margin Industrial & Energy Technology (IET) segment. As global energy majors face immense pressure to decarbonize their legacy infrastructure, Baker Hughes is generating revenue from its proprietary carbon capture, utilization, and storage (CCUS) equipment, as well as its market share in Liquified Natural Gas (LNG) turbomachinery.
Revenue Trend Analysis
YoY Change
-0.3%
6-Year CAGR
+2.6%
Peak Year
2024
Trend
Mostly Growing
Baker Hughes Company has reported revenue across 7 fiscal years, compounding at +2.6% annually over 6 years. The most recent year saw a 0.3% decline versus the prior year. Revenue peaked in 2024 at $27.8B. Out of 6 reported periods, 3 showed growth and 3 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $27.7B | $2.6B | -0.3% |
| FY2024 | $27.8B | $3.0B | +9.1% |
| FY2023 | $25.5B | $1.9B | +20.6% |
| FY2022 | $21.2B | N/A | +3.2% |
| FY2021 | $20.5B | N/A | -1.0% |
| FY2020 | $20.7B | N/A | -13.1% |
| FY2019 | $23.8B | $128M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Baker Hughes Company reported approximately $25.5B in fiscal year 2025 with a team of 57,900 employees worldwide.
Baker Hughes Company strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Energy Technology and Oilfield Services is driven by steady cash generation and pricing power, enabling Baker Hughes Company to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Baker Hughes Company Revenue & Financials." CorpDigest, https://corpdigest.com/company/baker-hughes/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Baker Hughes Company reported $28B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/baker-hughes/financials" target="_blank" rel="noopener">CorpDigest — Baker Hughes Company financials</a></div>