How does Baker Hughes (BKR) make money?

Baker Hughes (BKR) generates revenue primarily from Oilfield Services And Equipment, which accounted for 50.4% of total revenue in TTM through Q1 2026. The company reported $27.89B in revenue and converted 11.2% of it into net profit, equivalent to roughly $3.12B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Baker Hughes (BKR)?

Baker Hughes (BKR) reported a gross profit margin of 23.6% in TTM through Q1 2026, equivalent to $6.57B in gross profit on $27.89B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Baker Hughes (BKR)?

Baker Hughes (BKR) reported an operating profit margin of 13% in TTM through Q1 2026, equivalent to $3.61B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Baker Hughes (BKR)?

Baker Hughes (BKR) reported a net profit margin of 11.2% in TTM through Q1 2026, equivalent to $3.12B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Baker Hughes (BKR) profitable?

Yes. Baker Hughes (BKR) reported $3.12B in net income for TTM through Q1 2026, with a net profit margin of 11.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Baker Hughes (BKR) invest in research and development?

Baker Hughes (BKR) invested $587.00M in research and development during TTM through Q1 2026, roughly 2.1% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Baker Hughes (BKR) spend on capital expenditures?

Baker Hughes (BKR) spent $1.31B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Baker Hughes (BKR) generate?

Baker Hughes (BKR) generated $2.29B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 8.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Baker Hughes (BKR)?

Baker Hughes (BKR) had an effective tax rate of 12.2% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Baker Hughes (BKR)?

Baker Hughes (BKR) reports revenue across 2 reportable product segments, led by Oilfield Service & Equipment at 50.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Baker Hughes Makes Money: 2026 Visual Revenue Map

Baker Hughes (BKR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 24, 2026).

Baker Hughes discloses geographic revenue only in annual filings. to view the full breakdown.

Baker Hughes (BKR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Baker Hughes (BKR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Oilfield Service & Equipment	$14.06B	50.4%
Industrial & Energy Tech	$13.83B	49.6%
Total	$27.89B	100%

Oilfield Service & Equipment$14.06B
Industrial & Energy Tech$13.83B
Total$27.89B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Baker Hughes (BKR) reports revenue across 2 operating segments; the largest segment was Oilfield Service & Equipment at 50.4%, followed by Industrial & Energy Tech (49.6%).

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