Baker Hughes (BKR) FCF Margin (2016 - 2026)
Baker Hughes (BKR) reported FCF Margin of 2.49% for Q1 2026, down 387.0% on a YoY basis from 0.87% in Q1 2025, and down 85.69% quarter-over-quarter from 17.4% in Q4 2025.
Baker Hughes (BKR) FCF Margin (2016 - 2026) Analysis & Trends
Baker Hughes has reported FCF Margin for 11 years, with the latest figure at 2.49% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 387.0% year-over-year to 2.49%; the trailing twelve-month figure through Mar 2026 stood at 8.22% (up 99.0% YoY), and the FY2025 full-year result was 9.15%, up 177.0% from the prior year.
- FCF Margin for Q1 2026 stood at 2.49%, down from 17.4% in the prior quarter.
- The five-year high for FCF Margin was 17.4% in Q4 2025, with the low at 4.05% in Q1 2022.
- Historically, FCF Margin has averaged 6.55% across 5 years, with a median of 7.03% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin tumbled 1361 bps — and 2023, when it jumped 733 bps.
- Baker Hughes' FCF Margin stood at 10.65% in 2022, then declined by 21 bps to 8.43% in 2023, then jumped by 35 bps to 11.37% in 2024, then jumped by 53 bps to 17.4% in 2025, then sank by 86 bps to 2.49% in 2026.
- The last three FCF Margin figures came in at 2.49% (Q1 2026), 17.4% (Q4 2025), and 9.04% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 1.65% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 2.49% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 1.50% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 11.11% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | -4.43% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 7.12% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 19.36% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 16.10% |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn | -14.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.49% |
| Dec 31, 2025 | 17.40% |
| Sep 30, 2025 | 9.04% |
| Jun 30, 2025 | 3.02% |
| Mar 31, 2025 | 6.36% |
| Dec 31, 2024 | 11.37% |
| Sep 30, 2024 | 10.28% |
| Jun 30, 2024 | 0.78% |
| Mar 31, 2024 | 7.03% |
| Dec 31, 2023 | 8.43% |
| Sep 30, 2023 | 7.97% |
| Jun 30, 2023 | 9.22% |
| Mar 31, 2023 | 2.64% |
| Dec 31, 2022 | 10.65% |
| Sep 30, 2022 | 6.91% |
| Jun 30, 2022 | 1.88% |
| Mar 31, 2022 | -4.05% |
| Dec 31, 2021 | 9.26% |
| Sep 30, 2021 | 4.28% |
| Jun 30, 2021 | 6.51% |