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Gross Margin for Baker Hughes (BKR)

As of · Reported

Metric

TTM

23.6%

YoY change

+0.30pp

Trough year (2018)

17.4%

Peak year (2015)

26.9%

Gross Margin history chart for Baker Hughes (BKR) from 2014 to 2025

Latest: 23.6%

Gross Margin change chart for Baker Hughes (BKR) from 2014 to 2025

Latest: +0.30pp

Gross Margin history table for Baker Hughes (BKR) from 2014 to 2025

  • 202523.6%+0.30pp
  • 202423.3%+0.16pp
  • 202323.1%-0.29pp
  • 202223.4%+1.28pp
  • 202122.1%+4.12pp
  • 202018.0%-0.56pp
  • 201918.6%+1.17pp
  • 201817.4%-0.25pp
  • 201717.7%-6.04pp
  • 201623.7%-3.23pp
  • 201526.9%+1.35pp
  • 201425.6%—

Gross Margin values are taken from Baker Hughes's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Gross Margin at Baker Hughes (BKR)

According to Baker Hughes's latest reported financial statements, the company's latest reported gross margin is 23.6%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual gross margin for Baker Hughes (BKR) came in at 23.60% – expanded 0.3 percentage points year-over-year.

The record annual gross margin stands at 26.94%, reached in 2015; the historical low of 17.42% was recorded in 2018.

Baker Hughes Gross Margin by Year

Baker Hughes Gross Margin 2025: 23.6%

2025's gross margin for Baker Hughes came in at 23.60%, expanded 0.3 percentage points from 2024.

Baker Hughes Gross Margin 2024: 23.3%

Baker Hughes posted gross margin of 23.30% in 2024, expanded 0.2 percentage points from 2023.

Baker Hughes Gross Margin 2023: 23.1%

In 2023, Baker Hughes reported gross margin of 23.14%, contracted 0.3 percentage points from 2022.

Baker Hughes Gross Margin 2022: 23.4%

Baker Hughes gross margin in 2022 was 23.43%, expanded 1.3 percentage points from 2021.

Baker Hughes Gross Margin 2021: 22.1%

Baker Hughes gross margin in 2021 was 22.15%.

See more financial history for Baker Hughes (BKR).

Sector peers by Gross Margin

Energy peers of Baker Hughes (BKR), ranked by their latest gross margin

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