Baker Hughes (BKR) Gross Margin (2016 - 2026)
Baker Hughes (BKR) reported Gross Margin of 22.98% for Q1 2026, down 2522.0% on a YoY basis from 0.95% in Q1 2025, and down 73.5% quarter-over-quarter from 86.75% in Q4 2025.
Baker Hughes (BKR) Gross Margin (2016 - 2026) Analysis & Trends
Baker Hughes has reported Gross Margin for 11 years, with the latest figure at 22.98% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 2522.0% year-over-year to 22.98%; the trailing twelve-month figure through Mar 2026 stood at 52.51% (up 1159.0% YoY), and the FY2025 full-year result was 65.41%, up 4154.0% from the prior year.
- Gross Margin for Q1 2026 stood at 22.98%, down from 86.75% in the prior quarter.
- The five-year high for Gross Margin was 86.75% in Q4 2025, with the low at 4.16% in Q4 2023.
- Historically, Gross Margin has averaged 50.74% across 5 years, with a median of 50.85% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 8285 bps — and 2023, when it sank 7664 bps.
- Baker Hughes' Gross Margin stood at 72.48% in 2022, then sank by 106 bps to 4.16% in 2023, then jumped by 684 bps to 24.25% in 2024, then surged by 258 bps to 86.75% in 2025, then tumbled by 74 bps to 22.98% in 2026.
- The last three Gross Margin figures came in at 22.98% (Q1 2026), 86.75% (Q4 2025), and 48.74% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 53.57% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 22.98% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 37.69% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 59.67% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 5.80% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 76.04% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 66.20% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 64.46% |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn | 17.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.98% |
| Dec 31, 2025 | 86.75% |
| Sep 30, 2025 | 48.74% |
| Jun 30, 2025 | 47.87% |
| Mar 31, 2025 | 48.20% |
| Dec 31, 2024 | 24.25% |
| Sep 30, 2024 | 70.02% |
| Jun 30, 2024 | 23.41% |
| Mar 31, 2024 | 52.43% |
| Dec 31, 2023 | -4.16% |
| Sep 30, 2023 | 72.43% |
| Jun 30, 2023 | 72.34% |
| Mar 31, 2023 | 72.27% |
| Dec 31, 2022 | 72.48% |
| Sep 30, 2022 | 50.85% |
| Jun 30, 2022 | 50.56% |
| Mar 31, 2022 | 51.07% |
| Dec 31, 2021 | -10.37% |
| Sep 30, 2021 | 49.72% |
| Jun 30, 2021 | 70.98% |