Baker Hughes (BKR) Gross Margin (2016 - 2026)
Baker Hughes' (BKR) quarterly Gross Margin came in at 23.46% in Q2 2026, down 12.0% YoY from 26.66% in Q2 2025, and up 2.09% on a QoQ basis from 22.98% in Q1 2026.
Baker Hughes (BKR) Gross Margin (2016 - 2026) Analysis & Trends
Baker Hughes (BKR) has 11 years of Gross Margin data on file, last reported at 23.46% in Q2 2026.
- Quarterly Gross Margin fell 12.0% year-over-year to 23.46% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.72% (down 32.0% YoY) and the FY2025 annual result came in at 23.82%, down 5.0% from the prior year.
- Gross Margin grew to 23.46% in Q2 2026, from 22.98% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 51.07% in Q1 2022 to a low of 46.13% in Q4 2022.
- A 5-year average of 24.68% and a median of 24.14% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 9711 bps — and 2024, when it soared 6760 bps.
- Tracing BKR's Gross Margin over 5 years: stood at 46.13% in 2022, then gained by 6 bps to 43.35% in 2023, then surged by 156 bps to 24.25% in 2024, then dropped by 1 bps to 24.03% in 2025, then declined by 2 bps to 23.46% in 2026.
- The last three Gross Margin figures came in at 23.46% (Q2 2026), 22.98% (Q1 2026), and 24.03% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 23.46% |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | - |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 50.62% |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 36.80% |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 24.41% |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 59.91% |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 63.09% |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 65.86% |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 20.44% |
Historic Data
Download 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 | -43.35% |
| Sep 30, 2023 | 47.79% |
| Jun 30, 2023 | 48.46% |
| Mar 31, 2023 | 47.83% |
| Dec 31, 2022 | -46.13% |
| 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% |