BKRBaker Hughes
Is the business good?
The checks split: nothing decisive, though margins widening.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 15% = margin × turnover × leverage.
All from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is BKR?
Baker Hughes keeps 11% of every revenue dollar as profit after everything, against 5.9% for the median Oil & Gas Equipment & Services name.
Net margin · Oil & Gas Equipment & Services median 5.9% · 12 months to Q2 2026
- 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 Q2 2026
- 11%
- Free cash flow margin
- 11%
- R&D as % of revenue
- 2.1%
- Revenue, trailing twelve months
- $27.7B
- Free cash flow, trailing twelve months
- $3.13B
- Net income, trailing twelve months
- $3.10B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Oil & Gas Equipment & Services
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