Baker Hughes (BKR) Cost of Revenue (2016 - 2026)
Baker Hughes' (BKR) quarterly Cost of Revenue came in at $5.2 billion in Q2 2026, down 2.27% on a YoY basis from $5.3 billion in Q2 2025, and up 1.71% quarter-over-quarter from $5.1 billion in Q1 2026.
Analysis
Baker Hughes (BKR) Cost of Revenue (2016 - 2026) Analysis & Trends
Baker Hughes (BKR) has reported Cost of Revenue for 11 consecutive years, with $5.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 2.27% year-over-year to $5.2 billion; the trailing twelve-month figure through Jun 2026 stood at $21.1 billion (up 0.84% YoY), and the FY2025 full-year result was $21.1 billion, changed 0.28% from the prior year.
- Cost of Revenue grew to $5.2 billion in Q2 2026 per BKR's latest filing, from $5.1 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $9.8 billion in Q4 2023 and bottomed at $2.4 billion in Q1 2022.
- Historically, Cost of Revenue has averaged $4.9 billion across 5 years, with a median of $5.1 billion in 2026.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 220.9% in 2022, then slumped 43.07% in 2024.
- Over 5 years, Cost of Revenue stood at $8.6 billion in 2022, then increased by 13.55% to $9.8 billion in 2023, then plunged by 43.07% to $5.6 billion in 2024, then gained by 0.59% to $5.6 billion in 2025, then declined by 8.04% to $5.2 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $5.2 billion, $5.1 billion, and $5.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.07 Bn | 81.00 Bn | 4.63 Bn | 4.34 Bn |
| 2 | Baker Hughes | 63.03 Bn | 47.30 Bn | 1.58 Bn | 5.16 Bn |
| 3 | Halliburton | 31.08 Bn | 29.03 Bn | 2.10 Bn | 3.61 Bn |
| 4 | Weatherford International | 6.68 Bn | 5.54 Bn | 662.00 Mn | 443.00 Mn |
| 5 | Kodiak Gas Services | 6.11 Bn | 5.98 Bn | 246.76 Mn | 144.36 Mn |
| 6 | Tidewater | 4.62 Bn | 4.01 Bn | 161.54 Mn | 180.75 Mn |
| 7 | USA Compression Partners | 4.01 Bn | 4.00 Bn | 217.36 Mn | 124.79 Mn |
| 8 | Liberty Energy | 3.59 Bn | 3.04 Bn | 208.34 Mn | 980.26 Mn |
| 9 | National Energy Services Reunited | 3.50 Bn | 3.31 Bn | 81.29 Mn | 439.46 Mn |
| 10 | Select Water Solutions | 2.78 Bn | 2.74 Bn | 76.84 Mn | 318.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.16 Bn |
| Mar 31, 2026 | 5.07 Bn |
| Dec 31, 2025 | 5.61 Bn |
| Sep 30, 2025 | 5.30 Bn |
| Jun 30, 2025 | 5.28 Bn |
| Mar 31, 2025 | 4.93 Bn |
| Dec 31, 2024 | 5.58 Bn |
| Sep 30, 2024 | 5.18 Bn |
| Jun 30, 2024 | 5.47 Bn |
| Mar 31, 2024 | 4.96 Bn |
| Dec 31, 2023 | 9.80 Bn |
| Sep 30, 2023 | 3.47 Bn |
| Jun 30, 2023 | 3.26 Bn |
| Mar 31, 2023 | 2.98 Bn |
| Dec 31, 2022 | 8.63 Bn |
| Sep 30, 2022 | 2.64 Bn |
| Jun 30, 2022 | 2.50 Bn |
| Mar 31, 2022 | 2.37 Bn |
| Dec 31, 2021 | 2.69 Bn |
| Sep 30, 2021 | 2.56 Bn |