Baker Hughes (BKR) Gross Margin (2016 - 2026)
Baker Hughes (BKR) posted Gross Margin of 22.98% for Q1 2026, down 77.32% on a QoQ basis from 101.34% in Q4 2025, and down 2522.0% year-over-year from 0.95% in Q1 2025.
Baker Hughes (BKR) Gross Margin (2016 - 2026) Analysis & Trends
Baker Hughes' Gross Margin history runs 11 years deep, the most recent figure standing at 22.98% for Q1 2026.
- Quarterly Gross Margin fell 2522.0% year-over-year to 22.98% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 67.5% (up 619.0% YoY) and the FY2025 annual result came in at 75.48%, up 688.0% from the prior year.
- Gross Margin was 22.98% for Q1 2026 at Baker Hughes, down from 101.34% in the prior quarter.
- Across five years, Gross Margin topped out at 101.34% in Q4 2025 and bottomed at 43.35% in Q4 2023.
- A 5-year average of 52.2% and a median of 54.95% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 4850 bps — and 2024, when it soared 10947 bps.
- Baker Hughes' Gross Margin stood at 2.47% in 2022, then sank by 1853 bps to 43.35% in 2023, then surged by 253 bps to 66.12% in 2024, then jumped by 53 bps to 101.34% in 2025, then plunged by 77 bps to 22.98% in 2026.
- Business Quant data shows BKR's Gross Margin at 22.98% in Q1 2026, 101.34% in Q4 2025, and 65.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 61.69% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 33.87% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 65.69% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 37.69% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 18.47% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 70.23% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 66.20% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 18.38% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 64.46% |
| 10 | Baker Hughes | 33.24 Mn | -14.73 Bn | 1.51 Bn | 22.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.98% |
| Dec 31, 2025 | 101.34% |
| Sep 30, 2025 | 65.78% |
| Jun 30, 2025 | 75.50% |
| Mar 31, 2025 | 48.20% |
| Dec 31, 2024 | 66.12% |
| Sep 30, 2024 | 54.95% |
| Jun 30, 2024 | 74.28% |
| Mar 31, 2024 | 73.51% |
| Dec 31, 2023 | -43.35% |
| Sep 30, 2023 | 72.43% |
| Jun 30, 2023 | 48.46% |
| Mar 31, 2023 | 72.27% |
| Dec 31, 2022 | 2.47% |
| Sep 30, 2022 | 50.85% |
| Jun 30, 2022 | 50.56% |
| Mar 31, 2022 | 51.07% |
| Dec 31, 2021 | 50.98% |
| Sep 30, 2021 | 49.72% |
| Jun 30, 2021 | 70.98% |