olivLaw · US equity research
Baker Hughes Company BKR
Oil & Gas Field Machinery & Equipment · SIC 3533 · Vertical: Oil & Gas Field Machinery & Equipment (SIC 3533)
Baker Hughes is an energy technology company with two segments, OFSE and IET, which reported revenues of 27.7 billion USD in 2025. In the second quarter of 2026 revenues were 6.7 billion USD, while orders and RPO grew strongly, especially in IET.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Baker Hughes Company (BKR) stock was 49.87 USD (−5.53% on the day), with market capitalisation 49.5 bn USD, P/E 16.7 on diluted EPS of 2.98 USD over the last 12 months, dividend yield 1.84%, beta 1.00, 52-week range 44.47–69.67 USD. Latest reported quarter (Q3 2026): revenue of 8.0 bn USD (+14.5% YoY), net income of 411.0 m USD (−32.5% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 33.2
- weak (30–45)
- Bollinger (20, 2)
- 51.53 – 58.78
- below the lower band · %B -0.23 · band width 13.1%
- SMA 50 / 200
- 57.52 / 60.25
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.26 / -0.88
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.1% | −1.1% | −12.0 pp | — |
| 3 months | −19.1% | −0.5% | −18.7 pp | — |
| 6 months | −25.2% | +4.4% | −29.6 pp | — |
| Year to date | +9.5% | +12.3% | −2.8 pp | — |
| 1 year | +8.5% | +13.5% | −5.1 pp | +16.2% |
| 3 years | +41.7% | +76.4% | −34.7 pp | +23.8% |
| 5 years | +101.1% | +63.7% | +37.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.4 bn | 6.4 bn | 6.9 bn | 7.0 bn | 7.4 bn | 6.6 bn | 6.7 bn | 8.0 bn |
| Research & development | 163.0 m | 146.0 m | 161.0 m | 146.0 m | 147.0 m | 133.0 m | 143.0 m | 150.0 m |
| SG&A | 585.0 m | 577.0 m | 567.0 m | 597.0 m | 671.0 m | 562.0 m | 569.0 m | 732.0 m |
| Operating income | 665.0 m | — | — | — | — | — | — | — |
| Depreciation & amortisation | 292.0 m | 285.0 m | 293.0 m | 282.0 m | 327.0 m | 354.0 m | 333.0 m | 505.0 m |
| Pre-tax income | 792.0 m | 561.0 m | 967.0 m | 821.0 m | 528.0 m | 1.3 bn | 892.0 m | 519.0 m |
| Income tax | -399.0 m | 152.0 m | 256.0 m | 204.0 m | -359.0 m | 336.0 m | 210.0 m | 97.0 m |
| Net income | 1.2 bn | 402.0 m | 701.0 m | 609.0 m | 876.0 m | 930.0 m | 681.0 m | 411.0 m |
| Operating cash flow | 1.2 bn | 709.0 m | 510.0 m ≈ | 929.0 m ≈ | 1.7 bn | 500.0 m | 1.3 bn ≈ | 1.0 bn ≈ |
| Capex | 353.0 m | 300.0 m | 301.0 m ≈ | 295.0 m ≈ | 377.0 m | 336.0 m | 300.0 m ≈ | 271.0 m ≈ |
| Dividends paid | 208.0 m | 229.0 m | 227.0 m ≈ | 227.0 m ≈ | 227.0 m | 228.0 m | 228.0 m ≈ | 228.0 m ≈ |
| Share repurchases | 8.0 m | 188.0 m | 196.0 m ≈ | 0 ≈ | 0 | 0 | 0 ≈ | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 6-quarter history (min 50.0, median 78.5, max 153.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.9 bn | 23.8 bn | 20.7 bn | 20.5 bn | 21.2 bn | 25.5 bn | 27.8 bn | 27.7 bn |
| Revenue YoY | +33.2% | +4.2% | −13.1% | −1.0% | +3.2% | +20.6% | +9.1% | −0.3% |
| Net income | 195.0 m | 128.0 m | -9.9 bn | -219.0 m | -601.0 m | 1.9 bn | 3.0 bn | 2.6 bn |
| Net income YoY | unavailable | −34.4% | −7,865.6% | unavailable | unavailable | unavailable | +53.3% | −13.1% |
| Diluted EPS | 0.45 | 0.23 | -14.73 | -0.27 | -0.61 | 1.91 | 2.98 | unavailable |
| Diluted EPS YoY | unavailable | −48.9% | −6,504.3% | unavailable | unavailable | unavailable | +56.0% | unavailable |
| net % | 0.9% | 0.5% | -48.0% | -1.1% | -2.8% | 7.6% | 10.7% | 9.3% |
| Free cash flow | 767.0 m | 886.0 m | 330.0 m | 1.5 bn | 899.0 m | 1.8 bn | 2.1 bn | 2.5 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 3.7 bn USD
- Financial debt
- 689.0 m USD
- Net debt
- -3.0 bn USD
- Equity
- 19.0 bn USD
- Total assets
- 40.9 bn USD
- Debt / equity
- 0.04x
- Current ratio
- 1.36x
- ROE
- 14.4%
- ROA
- 6.5%
- FCF margin
- 9.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 20.7 bn | 20.5 bn | 21.2 bn | 25.5 bn | 27.8 bn | 27.7 bn | SEC (XBRL)· 05 Feb 2026verified |
| Research & development | 595.0 m | 492.0 m | 552.0 m | 651.0 m | 643.0 m | 600.0 m | SEC (XBRL)· 05 Feb 2026verified |
| SG&A | 2.4 bn | 2.5 bn | 2.5 bn | 2.6 bn | 2.5 bn | 2.4 bn | SEC (XBRL)· 05 Feb 2026verified |
| Operating income | -16.0 bn | 1.3 bn | 1.2 bn | 2.3 bn | 3.1 bn | — | SEC (XBRL)· 04 Feb 2025verified |
| Depreciation & amortisation | 1.3 bn | 1.1 bn | 1.1 bn | 1.1 bn | 1.1 bn | 1.2 bn | SEC (XBRL)· 05 Feb 2026verified |
| EBITDA | -14.7 bn ≈ | 2.4 bn ≈ | 2.2 bn ≈ | 3.4 bn ≈ | 4.2 bn ≈ | — | SEC (XBRL)· 04 Feb 2025derived |
| Pre-tax income | -15.2 bn | 428.0 m | 22.0 m | 2.7 bn | 3.3 bn | 2.9 bn | SEC (XBRL)· 05 Feb 2026verified |
| Income tax | 559.0 m | 758.0 m | 600.0 m | 685.0 m | 257.0 m | 253.0 m | SEC (XBRL)· 05 Feb 2026verified |
| Net income | -9.9 bn | -219.0 m | -601.0 m | 1.9 bn | 3.0 bn | 2.6 bn | SEC (XBRL)· 05 Feb 2026verified |
| Diluted EPS | -14.73 | -0.27 | -0.61 | 1.91 | 2.98 | — | SEC (XBRL)· 04 Feb 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 4.1 bn | 3.9 bn | 2.5 bn | 2.6 bn | 3.4 bn | 3.7 bn | SEC (XBRL)· 05 Feb 2026verified |
| Inventories | 4.4 bn | 4.0 bn | 4.6 bn | 5.1 bn | 5.0 bn | 5.0 bn | SEC (XBRL)· 05 Feb 2026verified |
| Current assets | 16.5 bn | 15.1 bn | 14.6 bn | 16.3 bn | 17.2 bn | 18.8 bn | SEC (XBRL)· 05 Feb 2026verified |
| Property, plant & equipment, net | 5.4 bn | 4.9 bn | 4.5 bn | 4.9 bn | 5.1 bn | 5.3 bn | SEC (XBRL)· 05 Feb 2026verified |
| Goodwill | 6.0 bn | 6.0 bn | 5.9 bn | 6.1 bn | 6.1 bn | 6.1 bn | SEC (XBRL)· 05 Feb 2026verified |
| Intangibles (excl. goodwill) | 4.4 bn | 4.1 bn | 4.2 bn | 4.1 bn | 4.0 bn | 4.1 bn | SEC (XBRL)· 05 Feb 2026verified |
| Total assets | 38.0 bn | 35.3 bn | 34.2 bn | 36.9 bn | 38.4 bn | 40.9 bn | SEC (XBRL)· 05 Feb 2026verified |
| Accounts payable | 3.5 bn | 3.7 bn | 4.3 bn | 4.5 bn | 4.5 bn | 4.6 bn | SEC (XBRL)· 05 Feb 2026verified |
| Short-term debt | 889.0 m | 40.0 m | 677.0 m | 148.0 m | 53.0 m | 689.0 m | SEC (XBRL)· 05 Feb 2026verified |
| Current liabilities | 10.2 bn | 9.1 bn | 11.1 bn | 13.0 bn | 13.0 bn | 13.9 bn | SEC (XBRL)· 05 Feb 2026verified |
| Equity | 18.2 bn | 16.7 bn | 14.5 bn | 15.5 bn | 17.1 bn | 19.0 bn | SEC (XBRL)· 05 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.3 bn | 2.4 bn | 1.9 bn | 3.1 bn | 3.3 bn | 3.8 bn | SEC (XBRL)· 05 Feb 2026verified |
| Capex | 974.0 m | 856.0 m | 989.0 m | 1.2 bn | 1.3 bn | 1.3 bn | SEC (XBRL)· 05 Feb 2026verified |
| Free cash flow | 330.0 m ≈ | 1.5 bn ≈ | 899.0 m ≈ | 1.8 bn ≈ | 2.1 bn ≈ | 2.5 bn ≈ | SEC (XBRL)· 05 Feb 2026derived |
| Investing cash flow | -618.0 m | -463.0 m | -1.6 bn | -817.0 m | -1.0 bn | -2.0 bn | SEC (XBRL)· 05 Feb 2026verified |
| Financing cash flow | 225.0 m | -2.1 bn | -1.6 bn | -2.0 bn | -1.5 bn | -1.5 bn | SEC (XBRL)· 05 Feb 2026verified |
| Dividends paid | 488.0 m | 592.0 m | 726.0 m | 786.0 m | 836.0 m | 910.0 m | SEC (XBRL)· 05 Feb 2026verified |
| Share repurchases | 0 | 434.0 m | 828.0 m | 538.0 m | 484.0 m | 384.0 m | SEC (XBRL)· 05 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 49.5 bn USD
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 53.46 – 126.02 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E53.46 – 126.02 (Mid 76.58)10 companies used · median multiple 26.2x · quartiles 18.3x – 43.2xFET, FLOC, FTI, INVX, LSE, NOV, OMSE, STAK, WFRD, WHD
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 10.1% | 80 (vs peers) | 12% |
| FCF conversion · Quality | 111.4% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 9.4% | 79 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 37 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 17.1x | 80 (vs peers) | 19% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.5% | 81 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | 1.8% | 26 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | 28.2% | 100 (on a fixed band) | 8% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial37/100 · 1/3 factors with a value
- Growth· partial79/100 · 1/2 factors with a value
- Quality90/100 · 2/3 factors with a value
- Returns56/100 · 2/2 factors with a value
- Valuation81/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Baker Hughes Company (BKR). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 27.7 bn USD in 2025; YoY growth -0.3%; net margin 10.1%; ROE 15.1%.
The estimated value range is 53.46–126.02 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 76.58 USD, the price of 49.87 USD leaves a potential of 53.6% (value / price − 1) and a margin of safety of 34.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 10.1%
- FCF conversion: 111.4%
- Revenue CAGR 3Y: 9.4%
- P/E (TTM): 17.1x
- FCF yield: 6.5%
- Payout ratio (FCF): 28.2%
- The price is below the estimated value range
What contradicts it
- Shareholder yield (distributions): 1.8%
Not assessed (insufficient data or a ratio without meaning): ROIC, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Oil & Gas Field Machinery & Equipment (SIC 3533) · same industry (4-digit SIC) · compared with 15 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BKRBaker Hughes Company | 49.5 bn | 17.1 | 15.1% | 10.1% | −0.3% | +8% / +42% |
| FTITechnipFMC plc | 25.1 bn | 20.3 | 38.6% | 12.0% | +9.4% | +43% / +211% |
| NOVNov Inc. | 6.4 bn | 45.2 | 2.3% | 1.6% | −1.4% | +17% / −4% |
| WFRDWeatherford International plc | 6.2 bn | 15.3 | 23.0% | 8.6% | −10.8% | +15% / −5% |
| WHDCactus, Inc. | 4.3 bn | 23.6 | 14.7% | 12.0% | −4.5% | +35% / +37% |
| DNOWDnow Inc. | 2.8 bn | — | -12.4% | -4.9% | +18.8% | +10% / +54% |
| INVXInnovex International, Inc. | 1.8 bn | 37.1 | 4.5% | 4.8% | +48.0% | +16% / +15% |
| FETForum Energy Technologies, Inc. | 845.3 m | 28.8 | 9.8% | 3.5% | −3.1% | +135% / +238% |
| OISOil States International, Inc | 510.2 m | — | -16.8% | -16.5% | −3.4% | +35% / +24% |
| OMSEOMS Energy Technologies Inc. | 167.2 m | 3.3 | 43.5% | 22.0% | unavailable | −16% / unavailable |
| LSELeishen Energy Holding Co., Ltd. | 75.4 m | 55.4 | 2.9% | 2.6% | −30.0% | −14% / unavailable |
| DTIDrilling Tools International Corporation | 52.9 m | — | -2.5% | -2.0% | +3.4% | −38% / −56% |
| STAKSTAK Inc. | 27.5 m | 71.5 | 2.9% | 1.5% | +13.2% | +202% / unavailable |
| GPUSHyperscale Data, Inc. | 247.1 k | — | -159.8% | -71.0% | −4.3% | −89% / −100% |
| SEISolaris Energy Infrastructure, Inc. | — | — | 8.4% | 7.2% | +98.7% | +20% / +573% |
| FLOCFlowco Holdings Inc. | — | 17.7 | 12.5% | 6.4% | +41.9% | +15% / unavailable |
1- and 3-year price returns: for BKR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 30.94 Total return -38% · Per year -38% | 54.58 Total return 9% · Per year 9% | 82.04 Total return 65% · Per year 65% |
| 3 years | 33.09 Total return -34% · Per year -13% | 65.37 Total return 31% · Per year 9% | 107.45 Total return 115% · Per year 29% |
| 5 years | 35.38 Total return -29% · Per year -7% | 78.30 Total return 57% · Per year 9% | 140.73 Total return 182% · Per year 23% |
- Exit P/E± 16.34
- Net margin± 11.44
- Annual revenue growth± 8.97
- Annual dilution± 0.96
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 27 Jul 2026; since then the company filed 10-Q (28 Oct 2026), 8-K (27 Oct 2026 · results).
In brief
Baker Hughes is an energy technology company with two segments, OFSE and IET, which reported revenues of 27.7 billion USD in 2025 1. In the second quarter of 2026 revenues were 6.7 billion USD, while orders and RPO grew strongly, especially in IET 23.
SWOT
Strengths
Weaknesses
- The OFSE segment recorded revenue declines in 2025 and in the second quarter of 2026 12.
- Integration costs from the Chart acquisition and divestiture transactions have generated significant expenses 12.
- Reliance on fixed-price contracts can expose the company to rising raw material and transport costs 1.
Opportunities
Risks
- Intense competitionmedium
The highly competitive environment may limit the company's ability to hold prices and market share 1.
- Slower energy transitionhigh
Changes in policy could reduce demand for investments in new energy 1.
- Supply chainmedium
Disruptions and rising raw material costs can affect operational execution 12.
- Dependence on GE Vernova and GE Aerospacehigh
A reduction in commercial relations with these suppliers could affect financial results 1.
- Chart integration risksmedium
Integrating the acquisition and carrying out divestitures can generate unexpected costs and divert management attention 12.
Investment thesis
What would need to be true (bull case)
What to watch
- Integration of Chart Industries and effects on margins and cash flowQ3 2026
- Trend in IET orders and RPO, including the updated IET order guidanceQ3 2026
- Recovery in upstream OFSE spending after Middle East disruptions2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 27 Jul 2026; since then the company filed 10-Q (28 Oct 2026), 8-K (27 Oct 2026 · results).
The business
Baker Hughes conducts business in over 120 countries with roughly 54,000 employees 12. Its strategy rests on transforming the core business, pursuing profitable growth in markets such as LNG, gas infrastructure, data center power and oilfield production, and investing in new energy including hydrogen, CCUS and geothermal 1. In 2025 the company spent 600 million USD on research and development 1.
Baker Hughes conducts business in over 120 countries with roughly 54,000 employees 12. Its strategy rests on transforming the core business, pursuing profitable growth in markets such as LNG, gas infrastructure, data center power and oilfield production, and investing in new energy including hydrogen, CCUS and geothermal 1. In 2025 the company spent 600 million USD on research and development 1.
Market context
Demand for power linked to data centers is expanding quickly, and the company expects data center orders of about 3 billion USD between 2025 and 2027 1. Middle East disruptions have added uncertainty to energy markets in 2026 2.
Demand for power linked to data centers is expanding quickly, and the company expects data center orders of about 3 billion USD between 2025 and 2027 1. Middle East disruptions have added uncertainty to energy markets in 2026 2.
Trends
- LNG and gas infrastructure demandtailwind
Global demand for liquefied natural gas remains solid and could support IET orders if investment in the sector continues 13.
- Data center power demandtailwind
Data centers generate new power demand, and the company's power solutions could benefit if this demand holds 13.
- Uncertainty in upstream oil activityheadwind
Upstream operator spending fell in 2025 and remains uncertain, which could slow OFSE activity if oil prices stay volatile 12.
- Pace of the energy transitionmixed
A slower energy transition could reduce demand for clean energy technologies but could increase demand for conventional oil and gas equipment 1.
Competitive position
In OFSE the company competes with SLB, Halliburton, NOV, Weatherford and TechnipFMC, differentiating on technology, reliability and efficiency 1. In IET its competitors include Siemens Energy, Solar, Mitsubishi Heavy Industry, Sulzer, Flowserve and Emerson 1.
In OFSE the company competes with SLB, Halliburton, NOV, Weatherford and TechnipFMC, differentiating on technology, reliability and efficiency 1. In IET its competitors include Siemens Energy, Solar, Mitsubishi Heavy Industry, Sulzer, Flowserve and Emerson 1.
Competition is intense in both segments, and the company's ability to hold prices depends on the differentiation of its technology and the balance between industry capacity and customer demand 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- A 'demand decade' ahead for energy? BP, Baker Hughes CEOs weigh the investment outlookCNBC World · 04 Nov 2026 · EN
- Baker Hughes 3Q EPS Beat Falls Short of High BarBloomberg Markets · 28 Oct 2026 · EN
- Venture Global inks deals with GE Vernova, Baker Hughes for power expansionCNA (Channel NewsAsia) · 15 Oct 2026 · EN
- Английская Baker Hughes не смогла отменить взыскание 3 млн евро в пользу "Бейкер Хьюз" из РФInterfax Russia (RU) · 01 Oct 2026 · RU
- Baker Hughes пытается через госсуд в РФ избежать взыскания в пользу «Ямал СПГ»Kommersant (RU) · 27 Sept 2026 · RU
- Baker Hughes (BKR) Raises 2026 Guidance. But Investors Aren’t ImpressedYahoo Finance — News · 20 Sept 2026 · EN
- Is Baker Hughes Stock Outperforming the Dow?Yahoo Finance — News · 16 Sept 2026 · EN
- Baker Hughes (BKR) and Venture Global (VG) Team Up for the Next LNG WaveYahoo Finance — News · 16 Sept 2026 · EN
- Baker Hughes CEO Sees No 'Slowdown' in Energy Projects, Says High Prices Could Spur New Supply: 'Full Steam Ahead'Yahoo Finance — News · 14 Sept 2026 · EN
- Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demandCNBC — Top News · 14 Sept 2026 · EN
- Baker Hughes (BKR) Lands Multi-Year Contract with Pakistan’s OGDCYahoo Finance — News · 07 Sept 2026 · EN
- Why Baker Hughes (BKR) Could be a Key Winner From the AI BoomYahoo Finance — News · 26 Aug 2026 · EN
SEC filings
- Quarterly report28 Oct 2026
- Current report27 Oct 2026Results of operations · Regulation FD disclosure
- Current report (amendment)01 Oct 2026Financial statements and exhibits
- Current report09 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report27 Jul 2026
- Current report27 Jul 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report16 Jul 2026Material agreement · Termination of a material agreement · Acquisition or disposition of assets · Creation of a direct financial obligation · Regulation FD disclosure · Financial statements and exhibits
- Current report22 Jun 2026Other events
- Current report21 May 2026Other events
- Current report19 May 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Baker Hughes Company · 05 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Baker Hughes Company · 27 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Baker Hughes Company · 27 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.