Baker Hughes (BKR) Gross Margin (2016 - 2026)
Baker Hughes' (BKR) quarterly Gross Margin came in at 23.46% in Q2 2026, down 12.0% on a YoY basis from 26.66% in Q2 2025, and up 2.09% quarter-over-quarter from 22.98% in Q1 2026.
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Baker Hughes (BKR) Gross Margin (2016 - 2026) Analysis & Trends
Baker Hughes (BKR) has reported Gross Margin for 11 consecutive years, with 23.46% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 12.0% year-over-year to 23.46%; the trailing twelve-month figure through Jun 2026 stood at 23.72% (down 32.0% YoY), and the FY2025 full-year result was 23.82%, down 5.0% from the prior year.
- Gross Margin improved to 23.46% in Q2 2026 per BKR's latest filing, from 22.98% in the prior quarter.
- Across five years, Gross Margin topped out at 51.07% in Q1 2022 and bottomed at 46.13% in Q4 2022.
- Historically, Gross Margin has averaged 24.68% across 5 years, with a median of 24.14% in 2025.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 9711 bps in 2022, then jumped 6760 bps in 2024.
- Over 5 years, Gross Margin stood at 46.13% in 2022, then climbed by 6 bps to 43.35% in 2023, then jumped by 156 bps to 24.25% in 2024, then fell by 1 bps to 24.03% in 2025, then retreated by 2 bps to 23.46% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 23.46%, 22.98%, and 24.03% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 51.63% |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 23.46% |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 36.80% |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 59.91% |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 63.09% |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 47.19% |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 63.53% |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 15.61% |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 17.53% |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 19.41% |
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 | -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% |