Baker Hughes (BKR) Invested Capital (2016 - 2026)
Baker Hughes' Invested Capital came in at $36.34 billion for Q2 2026, up 52.0% from $23.9 billion a year earlier and up 1.9% from the prior quarter.
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Analysis
Baker Hughes (BKR) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Baker Hughes' Invested Capital was $25.1 billion, up 8.7% from FY2024.
- Invested Capital has increased in each of the last three years, though with a five-year compound annual growth rate of -0.6% (FY2020 to FY2025).
- Going back by year, Invested Capital was $23.08 billion in FY2024 (+7.1%), $21.54 billion in FY2023 (+1.7%), $21.18 billion in FY2022 (-9.8%) and $23.47 billion in FY2021 (-9.3%).
- The Q2 2026 figure represents the highest quarterly Invested Capital since Q4 2019.
- Year-over-year, Invested Capital has increased for eight consecutive quarters, with growth averaging 18.8% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q1 2026 (growth of 53.5%), and the weakest in Q3 2022 (a decline of 11.7%).
- Business Quant data shows BKR's Invested Capital at $35.65 billion (Q1 2026), $25.1 billion (Q4 2025) and $24.38 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 40.05 Bn |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 36.34 Bn |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | 3.68 Bn |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 11.14 Bn |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 7.97 Bn |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 6.37 Bn |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 13.49 Bn |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 3.27 Bn |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 4.31 Bn |
| 10 | Kodiak Gas Services | 5.35 Bn | 5.11 Bn | 246.76 Mn | 4.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.34 Bn |
| Mar 31, 2026 | 35.65 Bn |
| Dec 31, 2025 | 25.10 Bn |
| Sep 30, 2025 | 24.38 Bn |
| Jun 30, 2025 | 23.90 Bn |
| Mar 31, 2025 | 23.23 Bn |
| Dec 31, 2024 | 23.08 Bn |
| Sep 30, 2024 | 22.38 Bn |
| Jun 30, 2024 | 21.62 Bn |
| Mar 31, 2024 | 21.56 Bn |
| Dec 31, 2023 | 21.54 Bn |
| Sep 30, 2023 | 22.05 Bn |
| Jun 30, 2023 | 21.91 Bn |
| Mar 31, 2023 | 21.51 Bn |
| Dec 31, 2022 | 21.18 Bn |
| Sep 30, 2022 | 21.02 Bn |
| Jun 30, 2022 | 21.75 Bn |
| Mar 31, 2022 | 23.13 Bn |
| Dec 31, 2021 | 23.47 Bn |
| Sep 30, 2021 | 23.80 Bn |
API Access
Baker Hughes Invested Capital 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=invested-capital&ticker=BKR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=BKR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();