TTM
13.0%
YoY change
+0.67pp
Trough year (2017)
-1.7%
Peak year (2014)
13.1%
Latest annual
12.8%
Operating Margin history chart for Baker Hughes (BKR) from 2014 to 2025
Latest: 12.8%
Operating Margin change chart for Baker Hughes (BKR) from 2014 to 2025
Latest: +0.67pp
Operating Margin history table for Baker Hughes (BKR) from 2014 to 2025
| 2025 | 12.8% | +0.67pp | ||
| 2024 | 12.2% | +1.80pp | ||
| 2023 | 10.4% | +1.42pp | ||
| 2022 | 8.9% | +2.54pp | ||
| 2021 | 6.4% | +3.14pp | ||
| 2020 | 3.2% | -1.26pp | ||
| 2019 | 4.5% | +1.44pp | ||
| 2018 | 3.1% | +4.72pp | ||
| 2017 | -1.7% | -5.10pp | ||
| 2016 | 3.4% | +4.27pp | ||
| 2015 | -0.8% | -13.90pp | ||
| 2014 | 13.1% | — |
- 202512.8%+0.67pp
- 202412.2%+1.80pp
- 202310.4%+1.42pp
- 20228.9%+2.54pp
- 20216.4%+3.14pp
- 20203.2%-1.26pp
- 20194.5%+1.44pp
- 20183.1%+4.72pp
- 2017-1.7%-5.10pp
- 20163.4%+4.27pp
- 2015-0.8%-13.90pp
- 201413.1%—
Operating 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 Operating Margin at Baker Hughes (BKR)
According to Baker Hughes's latest reported financial statements, the company's latest reported operating margin is 13.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Baker Hughes (BKR) operating margin totalled 12.83% – expanded 0.7 percentage points year-over-year.
The record annual operating margin stands at 13.07%, reached in 2014; the historical low of -1.65% was recorded in 2017.
Baker Hughes Operating Margin by Year
Baker Hughes Operating Margin 2025: 12.8%
Baker Hughes posted operating margin of 12.83% in 2025, expanded 0.7 percentage points from 2024.
Baker Hughes Operating Margin 2024: 12.2%
In 2024, Baker Hughes reported operating margin of 12.15%, expanded 1.8 percentage points from 2023.
Baker Hughes Operating Margin 2023: 10.4%
Baker Hughes operating margin in 2023 was 10.35%, expanded 1.4 percentage points from 2022.
Baker Hughes Operating Margin 2022: 8.9%
2022's operating margin for Baker Hughes came in at 8.93%, expanded 2.5 percentage points from 2021.
Baker Hughes Operating Margin 2021: 6.4%
Baker Hughes operating margin in 2021 was 6.39%.
See more financial history for Baker Hughes (BKR).
Sector peers by Operating Margin
Energy peers of Baker Hughes (BKR), ranked by their latest operating margin
| 38.8% | |
| 18.3% | |
| 15.8% | |
| 14.4% | |
| 9.0% | |
| 8.4% | |
| 5.0% | |
| 4.6% |
- 18.3%
- 15.8%
- 14.4%
- 8.4%
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