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Baker Hughes keeps 11% of every revenue dollar as profit after everything, against 7.2% for the median Oil & Gas Equipment & Services name.
11%
Net margin · Oil & Gas Equipment & Services median 7.2% · 12 months to Q1 2026
- Cash conversion
- 0.74×
Cash conversion · 0.69× a year ago · some of the reported profit has not turned into cash yet
- R&D as % of revenue
- 2.1%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −77% |
| FY2021 | 6.4% |
| FY2022 | 5.6% |
| FY2023 | 9.1% |
| FY2024 | 11% |
Details›
- Net margin12 months to Q1 2026
- 11%
- Free cash flow margin
- 8.2%
- R&D as % of revenue
- 2.1%
- Revenue, trailing twelve months
- $27.9B
- Free cash flow, trailing twelve months
- $2.29B
- Net income, trailing twelve months
- $3.12B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Equipment & Services
Ranks #2 of 27 by Smart Score