Baker Hughes (BKR) Gross Margin (2016 - 2026)
Baker Hughes (BKR) posted Gross Margin of 23.46% for Q2 2026, down 0.12 percentage points from 23.59% a year earlier but up 0.48 percentage points from the prior quarter.
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Analysis
Baker Hughes (BKR) Gross Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Baker Hughes was 23.72%, down 0.32 percentage points year-over-year; for FY2025, it was 23.82%, down 0.05 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +8.37 percentage points (FY2020 to FY2025).
- In prior years, Baker Hughes' Gross Margin was 23.87% in FY2024 (+0.33 pp), 23.54% in FY2023 (-0.21 pp), 23.75% in FY2022 (+4.00 pp) and 19.75% in FY2021 (+4.30 pp).
- Quarterly Gross Margin has run from a low of 19.22% in Q2 2022 to a high of 33.23% in Q4 2022 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last four quarters, with an average year-over-year change of -0.47 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2022, with a gain of 11.26 percentage points; the weakest was Q4 2024, with a drop of 7.93 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 22.98% (Q1 2026), 24.03% (Q4 2025) and 24.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.39 Bn | 73.50 Bn | 1.40 Bn | 15.55% |
| 2 | Baker Hughes | 56.70 Bn | 19.98 Bn | 1.58 Bn | 23.46% |
| 3 | TechnipFMC | 27.74 Bn | 23.88 Bn | 684.70 Mn | 24.78% |
| 4 | Halliburton | 27.03 Bn | 18.79 Bn | 804.00 Mn | 14.07% |
| 5 | Nov | 6.97 Bn | 1.76 Bn | 521.00 Mn | 24.41% |
| 6 | Noble | 6.81 Bn | 4.74 Bn | 239.27 Mn | 33.25% |
| 7 | Weatherford International | 5.95 Bn | 1.88 Bn | 333.00 Mn | 30.14% |
| 8 | Transocean | 5.90 Bn | 3.61 Bn | 358.00 Mn | 37.06% |
| 9 | Valaris | 5.52 Bn | 3.13 Bn | 123.70 Mn | 22.94% |
| 10 | Kodiak Gas Services | 5.32 Bn | 5.09 Bn | 246.76 Mn | 63.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.46% |
| Mar 31, 2026 | 22.98% |
| Dec 31, 2025 | 24.03% |
| Sep 30, 2025 | 24.34% |
| Jun 30, 2025 | 23.59% |
| Mar 31, 2025 | 23.28% |
| Dec 31, 2024 | 24.25% |
| Sep 30, 2024 | 24.97% |
| Jun 30, 2024 | 23.41% |
| Mar 31, 2024 | 22.78% |
| Dec 31, 2023 | 32.19% |
| Sep 30, 2023 | 20.22% |
| Jun 30, 2023 | 20.76% |
| Mar 31, 2023 | 20.10% |
| Dec 31, 2022 | 33.23% |
| Sep 30, 2022 | 20.93% |
| Jun 30, 2022 | 19.22% |
| Mar 31, 2022 | 20.06% |
| Dec 31, 2021 | 21.97% |
| Sep 30, 2021 | 19.83% |
API Access
Baker Hughes Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BKR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BKR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BKR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();